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sveticcg [70]
2 years ago
5

Mr. and Mrs. Haley are purchasing beachfront property in an upscale development. The home comes equipped with all furnishings. T

he Haleys want to get a mortgage that will cover the purchase price plus all the furnishings. What kind of mortgage are they looking for?
Business
1 answer:
sweet-ann [11.9K]2 years ago
8 0

Answer: package mortgage

Explanation:

From the question, we are informed that Mr and Mrs. Haley are purchasing beachfront property in an upscale development and that the home comes equipped with all furnishings.

We are further told that the Haleys want to get a mortgage that will cover the purchase price plus all the furnishings. This shows that they are looking for package mortgage.

A package mortgage is a form of mortgage whereby the personal property and the furniture will have to be included when buying the house.

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The Bharu Violin Corporation has the capacity to manufacture and sell 5,000 violins each year but is currently only manufacturin
meriva

Answer:

Financial advantage  $40,000

Explanation:

The relevant variable cost will be determined as follows

Unit variable cost = 130+20 = 150.

                                                                                               $

Sales from special order ( 200 × $350)=                       70,000

Variable cost ( 200× 150)=                                            (<u>30,000 )</u>

Financial advantage                                                      <u> 40,000</u>

Note that the fixed  manufacturing and selling costs were not included in the analysis, simply because they are not relevant. In other words,  whether or not the special order is accepted these fixed  costs of would be concurred either way.

Financial advantage  $40,000

8 0
2 years ago
Zach notices that sales of the company's best products are declining. He gathers together his sales staff to generate solutions
Karolina [17]

Answer:

E) brainstorming.

Explanation:

Based on the scenario being described within the question it can be said that in this situation Zach is using the technique of brainstorming. This term refers to a group creativity technique in which members of the organization come together and spontaneously contribute any and all ideas they may have towards solving a specific problem that the organization is facing.

4 0
2 years ago
A manufacturing company producing medical devices reported $60,000,000 in sales over the last year. At the end of the same year,
kumpel [21]

Answer:

a) The company turn its inventory at 1.5.

b) Per unit inventory cost for a product that costs $1000 is $166.67.

Explanation:

a) number of units sold = ($60000000/year)*(1 unit/$2000)

                                       = 30000 units/year

COGS = 30000 units/year*$1000/unit

           = $30000000/year

inventory = $20000000

flow time = inventory/flow rate

                = $20000000/30000000 per year

                = 0.67 years

inventory turns = 1/flow rate

                          = 1/(0.67)

                           = 1.5

Therefore, The company turn its inventory at 1.5.

b) %inventory cost per computer = 25%*0.6667 years

                                                       = 16.667%

16.667%*$1000 = $166.67 per unit

Therefore, Per unit inventory cost for a product that costs $1000 is $166.67.

8 0
2 years ago
Production Processes Manufacturers use several different production processes to create goods and services. This activity is imp
iragen [17]

Answer:

Refining crude oil into gasoline requires the use of chemicals, pressure, and heat to change the chemical makeup of the crude oil into a finished product of gasoline. PROCESS MANUFACTURING: deals with formulas and manufacturing recipes.  

A production plant that serves as a point where workers and robotics bring together all of the components that create automobiles. ASSEMBLY PROCESS: manufactured units follow an assembly line.  

Making steel is a process that cannot be easily stopped and restarted. CONTINUOUS PROCESS: the manufacturing process cannot be easily stopped.  

Allen-Bradley builds motor starters. The machines that Allen-Bradley uses can make different types of starters without slowing down the process. FLEXIBLE MANUFACTURING: different models can be manufactured in the same process.

A tractor manufacturer looked at their production techniques and eliminated the activities in production that do not add value to the consumer. LEAN MANUFACTURING: very simple and lean manufacturing process.  

A bicycle company makes 18 models in more than 2 million combinations. The customer chooses the model, size, color, and design. MASS CUSTOMIZATION: high degree of product customization.

8 0
2 years ago
If you put $700 in a savings account with a 10% nominal rate of interest compounded monthly, what will the investment be worth i
aksik [14]
<span>To find the compound interest of an investment you have to use this formula, A = P(1 + r/n)^nt, where A is the total amount you have after the investment period, P is the amount you invest or the amount you put in, r is the rate of the of the compound interest in this case 10%, n is the amount of time the interest will be compounded for example, 4 months a year(quarterly) or 6 months a year(semi annually), and t is the amount of time you invest in years. So in this case you are going to substitute everything in the formula with their given value. So P = $700, r = 10%, n = 21 (because it is the number of months we invest for), and t = 2 years (because 21 months fit perfectly in 2 years, and t must always be in years). The resulting formula will be A = $700(1 + 0.1/21)^(21 x 2), which will give you an answer of $855 rounded to the nearest dollar.</span>
8 0
2 years ago
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