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2 years ago

4

Which of the following documents contains both the monthly payment amount and a breakdown of principal, interest, taxes and insu

rance

1 answer:

jekas [21]2 years ago

7 0

Where are the documents

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Mesa Telcom has three divisions, commercial, retail, and consumer, that share the common costs of the company's computer server

Fynjy0 [20]

Answer:

B. $1,093,333.

Explanation:

The computation of the total server network costs allocated to the Consumer Division is shown below:

= (Consumer hours ÷ Total number of hours × Server network cost) + (Consumer hours ÷ Total number of hours × remaining cost)

= (100,000 ÷ 240,000 × $1,700,.000) + (330,000 ÷ 600,000 × $700,000)

= $708,333.33 + $385,000

= $1,093,333

The total number of hours is

= 60,000 + 80,000 + 100,000

= 240,000

The total number of hours is

= 120,000 + 150,000 + 330,000

= 600,000

And, the remaining cost is

= $2,400,000 - $1,700,000

= $700,000

We simply applied the above formula

8 0

2 years ago

A bakery famous for its cupcakes opens its doors at 9 a.m. and allows each customer to purchase up to 2 cupcakes until the day's

blondinia [14]

Answer:

The statements about the market that are true are:

1) The cupcakes are being sold below their equilibrium price. This is true because we can see there exists excess demand which won't exist at the equilibrium price.

3) The customers who receive cupcakes are the customers with the highest willingness to pay for cupcakes. This is why they are standing in the queue even before the bakery opens.

4) The bakery is not using price as the only means if allocating cupcakes to its customers. It is also using time as a factor as only those receive cupcakes who come early.

(2) and (4) are false because they are maximized only at the equilibrium level.

6 0

2 years ago

Max's Kennels spent $220,000 to refurbish its current facility. The firm borrowed 60 percent of the refurbishment cost at 5.95 p

Jlenok [28]

Answer:

The monthly payment is $2184.52

Explanation:

Given

$Total\ Amount\ Spent\ = $220,000$

$Amount\ Borrowed = 60\%$

$Rate = 5.95\%$

$Duration = 6\ years$

Required

$Monthly\ Payment$

Firstly, the loan amount has to be calculated

The Question says; of the total amount spent, only 60% was borrowed;

So;

$Loan = 60\%\ of\ 220,000$

$Loan = 132,000$

The monthly payment can then be calculated using the following formula

$Amount = P * \frac{r}{12} * \frac{(1 + \frac{r}{12})^n}{(1 + \frac{r}{12})^n - 1}$

Where P = Loan Amount = 132,000

r = rate of payment = 5.95% = 0.0595

n = duration (in month)

n = 6 years

n = 6 * 12 months

n = 72 months;

Substitute the above parameters in the formula;

$Amount = P * \frac{r}{12} * \frac{(1 + \frac{r}{12})^n}{(1 + \frac{r}{12})^n - 1}$ becomes

$Amount = 132,000 * \frac{0.0595}{12} * \frac{(1 + \frac{0.0595}{12})^{72}}{(1 + \frac{0.0595}{12})^{72} - 1}$

$Amount = \frac{132,000*0.0595}{12} * \frac{(1 + \frac{0.0595}{12})^{72}}{(1 + \frac{0.0595}{12})^{72} - 1}$

$Amount = \frac{132,000*0.0595}{12} * \frac{(1 + \frac{0.0595}{12})^{72}}{(1 + \frac{0.0595}{12})^{72} - 1}$

$Amount = 654.5 * \frac{(1 + \frac{0.0595}{12})^{72}}{(1 + \frac{0.0595}{12})^{72} - 1}$

$Amount = 654.5 * \frac{(\frac{12.0595}{12})^{72}}{(\frac{12.0595}{12})^{72} - 1}$

$Amount = 654.5 * \frac{(1.0049583)^{72}}{(1.0049583)^{72} - 1}$

$Amount = 654.5 * \frac{1.42777239524}{1.42777239524 - 1}$

$Amount = 654.5 * \frac{1.42777239524}{0.42777239524}$

$Amount = 2184.51925155$

$Amount = 2184.52\ (Approximated)$

<em>Hence, the monthly payment is $2184.52</em>

3 0

2 years ago

Ms. Langley is 30 years old and has begun a retirement plan that permits he r to place monthly amounts of $400 into a retirement

elena-14-01-66 [18.8K]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Ms. Langley is 30 years old and has begun a retirement plan that permits her to place monthly amounts of $400 into a retirement vehicle, beginning one month from now, for 30 consecutive years.

When Ms. Langley reaches her retirement at age 60, she expects to live for 25 more years. The interest rate is 6%.

First, we need to calculate the amount of money that she will have at age 60, using the following formula.

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit= 400

n= 30*12= 360

i= 0.06/12= 0.005

FV= {400[(1.005^360)-1]}/0.005= $401,806.02

Months= 25years*12= 300 months

Monthly= 401,806.02/300= $1,339.35

4 0

2 years ago

Five months ago Wilson opened up a health club. Which of the following is an implicit cost related to the health club A. Wilson

Leto [7]

Answer:

Option "A" is the correct answer to the following statement.

Explanation:

Implicit cost is a special type of opportunity cost, its generate when an organization or a business has to pay his cost and does not necessary to show it. for example, a businessman gets a salary from his organization.

In this situation, Wilson owns a club and works as an accountant in it.

This type of cost defines an Implicit cost for Wilson's health club.

5 0

2 years ago