Explanation:
Given that
Amount of equity loan = $24,000
Appraisal value of home = $110,000
Using percentage = 70%
Owed amount = $60,000
By considering the above information,
As we know that for the borrowing purpose, only 70% is eligible i.e
= $110,000 × 70%
= $77,000
So, the highest credit limit would be
= $77,000 - $60,000
= $17,000
So, there is no enough residual value left for $24,000 equity loan
2. By seeing the credit rating, income of a person, the lender could is willing to offer them additional amount i.e $7,000 that is come from subtracting the $17,000 from the $24,000 equity loan amount
Answer:
The potential of additional regional currencies such as the euro is very important, and for this reason, many economists support the idea. In fact, John Maynard Keynes, one of the most influential economists in history, once proposed not a regional common currency, but a common global currency.
The potential lies in the fact that regional currencies allow to coordinate a common monetary policy in several countries. This common policy means that several countries now have the same interest rates, the same rate of inflation, and the same currency itself, and all these commonalities facilitate the exchange of goods and services.
While the Euro has had drawbacks since its inception, the Euro has survived, and is now one of the strongest curriencies in the world.
If you support the concept, should those currencies be tied to regional economic blocs?
I support the concept, and I agree that they should be tied to regional economic bloc. It would not be very effective to adopt a common currency for countries that are not economically integrated in other areas.
Answer:
b) $20
Explanation:
The minimum acceptable price per unit is $20.
This is because the minimum acceptable price is the break even price for the division. We will not include $7 fixed cost because it is not relevant to this transaction as it has to be paid regardless of this transfer.
The Minimum price thus is the price that cancels out all relevant costs namely the variable costs of $20.
Relevant costs are also known as the incremental costs that are incurred only when a particular activity is undertaken. Fixed costs as such are not incremental. Since there is spare capacity we are not forgoing any profits from external exchanges that needs to be accounted for.
Hope this helps
Answer:
B) franchising
Explanation:
Franchising is a business model where a popular business owner, the franchisor allows an interested investor, the franchisee, to establish and operate an independent business under the franchisor brand's name. The franchisee gets a license to operate the business with the brand name, logo, colors, systems, offer similar products and services, and similar prices as the franchisor.
A franchise business may be expensive to start due to the many requirements, including the franchisee fee. However, it has a higher chance of success as it adopts the name and systems of an already popular and successful business. By selling licenses to other entities to open and run under business and its brand name, Pinetops Resorts is engaging in the franchising business.
Answer:
Number of units set forth in production budget is 8200
Explanation:
We have given the expected sale volume for the current period , that is unit sold = 8000
Desired ending inventory = 1400 units
Regaining inventory = 1200
We have to find the number of units set forth in production budget
We know that production budget is given by
Production budget = unit sold + ending inventory - beginning inventory
So production budget = 8000 +1400 - 1200 = 8200
So number of units set forth in production budget is 8200
