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2 years ago

Henry is demonstrating his gross motor skills when he picks up cheerios from his high-chair tray.

1 answer:

8 0

This is incorrect. Henry is actually demonstrating fine motor skills. Gross motor skills are those skills that pertain to large movements like walking, balance, jumping, etc. Fine motor skills are those that pertain to fine manipulation like writing, picking up small objects (like the cheerrios), or tying a knot.

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A homeowner has a mortgage balance of $149,570.75. If the interest rate on the loan is 9.5% and the monthly payment is $1,303.55

nalin [4]

Answer:

Principal balance at the end of year 2 = 149,330.9079

Explanation:

Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest.

We will use the following relationships:

Interest paid = Interest rate × loan balance

Principal paid = Monthly installment - Interest paid

Principal balance= loan balance - principal paid

Year 1

Interest paid = 9.5%/12 × 149,570.75 = 1,184.101

Principal paid in year 1 = 1,303.55 - 1,184.101 = 119.448

Principal balance = 149,570.75 - 119.448= 149,451.3018

Year 2

Interest paid = interest rate × loan balance in year 1 = 1183.156

Interest paid = 9.5%/12 × 149,451.3018 = 1183.156

Principal paid = 1,303.55 - 1183.156139 = 120.393

Principal balance at the end of year 2= Principal balance in year 1 - Principal paid in year 2

= 149,451.3018 - 120.393861 = 149330.9079

Principal balance at the end of year 2 = 149,330.90

8 0

2 years ago

A trader creates a long butterfly spread from options with strike prices $60, $65, and $70 by trading a total of 400 options. Th

malfutka [58]

Answer:

$400

Explanation:

From the question, there is a butterfly spread when a trader buys 100 options with strike prices $60 and $70 and sells 200 options with strike price $65.

The maximum gain is the point where both the stock price and the middle strike price are equal, i.e. equal to $65. At that point, the options payoffs are respectively $500, 0, and 0. By implication, the total payoff is $500.

The set up cost of the butterfly spread can be calculated as follows:

Setup cost = ($11×100) + ($18×100) – ($14×200)

= 1,100 + 1,800 – 2,800

Setup cost = $100

Net gain = Options payoffs – Setup cost = $500 - $100 = $400

Therefore, the maximum net gain (after the cost of the options is taken into account) is $400.

3 0

2 years ago

Prior to being banned in 2002 by the McCain-Feingold Act, unlimited monetary contributions that were earmarked for party-buildin

nordsb [41]

Answer:

Explanation:

Soft money can be defined as a money raised by party or committees that's not been regulated by the federal campaign finance. Such campaign contributions are not made within the federal law and thus are illegal to raise. These monetary contributions are used for party building activities such as electoral registration programmes. The origin of soft money dates back to the Watergate reforms.

In the given case, the monetary contributions were used for party-building expenses or generic party advertising. Thus this monetary contribution is known as soft money.

So, the correct answer is option B.

7 0

2 years ago

Apple anticipates it will sell 100,000 units in the coming year. It is considering investing in a new machine that will increase

Vilka [71]

Incomplete question. However, it would be inferred you want to know the requirements to calculate net income.

Explanation:

Remember, net income is total revenue minus total cost. Since Apple anticipates selling 100,000 units, if we assume the fixed cost to be $2,400 and the variable cost $34, and selling price unit is $150.