answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ruslelena [56]
2 years ago
11

"Pat bought a house and got a new interest-only loan. She paid $12,600 in interest the first year and the sale price of the prop

erty was $210,000. What was the interest rate?"
Business
1 answer:
Vikki [24]2 years ago
8 0

Answer:

The interest rate is 6%

Explanation:

The computation of the interest rate is shown below:

Interest rate is

= Interest paid for the first year ÷ Sale price of the property

where,

Interest paid for the first year is $12,600

And, the sale price of the property is $210,000

Now place the values to the above formula

So, the interest rate is

= $12,600 ÷ $210,000

= 6%

Hence, the interest rate is 6%

You might be interested in
Miller's Quarter Horse Company has sales of $4,500,000. It also has invested assets of $2,500,000 and operating expenses of $3,8
Nikitich [7]
I honestly don’t know anything
5 0
2 years ago
The local florist in town is cheryl steffan who has been in business for over 20 years. recently, cheryl has noticed several com
Ymorist [56]
The answer is "<span>Modeled the As-Is process, fixed the errors, and then created the To-Be process".
</span>
 An “as is” business process characterizes the present condition of the business procedure in an association. Normally the examination objective in assembling the present state process is to clear up precisely how the business procedure functions today, kinks and all.

A “to be” business process characterizes the future condition of a business procedure in an association. Ordinarily the investigation objective in assembling the future state process is to illuminate how the business procedure will function, sooner or later, once changes are made.
6 0
2 years ago
Linden, Inc. uses a 5,000 square foot factory space that it rents for $2,500 a month for all its manufacturing activities. Linde
nikdorinn [45]

Answer:

$1000

Explanation:

Total factory rent is $2500 for 5000 sq ft. The basis for assigning the rent cost to different activities will be on the basis of factory area used.

Factory area used by different activities is as follows,

1. Machining    500 sq ft

2. Preparation & Setup    2000 sq ft

3. Quality Control      2000 sq ft

4. Finishing    500 sq ft

So, The cost that will be assigned to the Preparation and setup cost will be

$2500 * 2000/5000 = $1000

3 0
2 years ago
Cost-volume-profit analysis can also be used in making personal financial decisions. For example, the purchase of a new car is o
jek_recluse [69]

Answer:

A) 0.08; 0.12

B) 0.04

C) 150,000 miles

D) Insurance cost, carbon emission, Second hand value, Licensing fee, E. t. C

Explanation:

A)

What is the variable gasoline cost of going one mile in the hybrid car?

The variable gasoline cost = ( cost per gallon / total miles per gallon)

Cost per Gallon = $2.40

Miles per gallon(hybrid car) = 30

Variable gasoline cost(hybrid car) =( 2.40/30) = 0.08

What is the variable cost of going one mile in the traditional car?

The variable gasoline cost = ( cost per gallon / total miles per gallon)

Cost per Gallon = $2.40

Miles per gallon(traditional car) = 20

Variable gasoline cost(hybrid car) =( 2.40/20) = 0.12

B.) variable cost savings on a per-mile basis.

Variable cost difference (0.12 - 0.08) = 0.04

C.) break even point in miles

(additional fixed cost / cost saving per mile)

(6000 / 0.04) = 150,000 miles

D) other factors may include ;

Insurance cost

carbon emission

Second hand value

Licensing fee and so on

8 0
2 years ago
The Mass Rapid Transit (MRT) System in Hong Kong has been running significant losses. Transport Ministry officials have argued o
Aleonysh [2.5K]

Answer:

A) -0.55

B) The  negativity in the estimated elasticity suggests that for every 1% increase in the price of transport there will be a corresponding 0.55% decrease in  the number of Commuters

Explanation:

Given data:

current fare (P0) = $4

hiked fare (P1)  = $6

change in fare = $2

number of rides before increase ( Q0 ) = 10000

number of rides after increase ( Q1 ) = 8000

change in rides = 2000

A) The estimated elasticity of demand for MRT rides using the midpoint /ARC method

Mid point method = [ ( Q1 - Q0 ) / ( Q1 + Q0 ) ] / [ (P1 - P0 ) / (P1 + P0 ) ]

                              = [ - 2000 / 18000 ]  / [ 2 / 10 ]

                              = - 1000 / 1800 =  - 5 / 9 ( estimated elasticity )

= - 0.55

B) The  negativity in the estimated elasticity suggests that for every 1% increase in the price of transport there will be a corresponding 0.55% decrease in Commuters

4 0
2 years ago
Other questions:
  • Which NIMS Management Characteristic includes maintaining accurate and up-to-date inventories of personnel, equipment, teams, an
    15·1 answer
  • Helena Company reports the following total costs at two levels of production. Classify each cost as variable, fixed, or mixed. 5
    8·1 answer
  • A machine shop produces metal brackets on two different machines. Machine 1 can produce a bracket every 10 minutes. Machine 2 ca
    6·1 answer
  • Suppose one of your friends offered the following argument: Market for Widgets A rightward shift in demand will cause an increas
    11·1 answer
  • Nabb &amp; Fry Co. reports net income of $25,000. Interest allowances are Nabb $5,000 and Fry $4,000, salary allowances are Nabb
    9·1 answer
  • The following data relate to direct materials costs for February: Materials cost per yard: standard, $2.00; actual, $2.10 Standa
    9·1 answer
  • UA Hamburger Hamlet (UAHH) places a daily order for its high-volume items (hamburger patties, buns, milk, and so on). UAHH count
    13·1 answer
  • Basics Test - English EXIT PREVIOUS Paul is setting up a marketing/sales event at a community center where he is going to discus
    10·1 answer
  • Martin Enterprises needs someone to supply it with 118,000 cartons of machine screws per year to support its manufacturing needs
    12·1 answer
  • óscar’s firm operates in a rapidly changing industry. he often must apply his excellent ________ to assess problems and develop
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!