Business, 30.03.2021 02:20 snowprincess99447
Mr. Johnson has a thirty-year mortgage with end-of-month payments. It has a nominal quarterly interest rate of 4.4% during the first three years and a nominal monthly interest rate of 5.7% for the remaining twentyseven years. The repayment schedule shows level payments except for a final slightly reduced payment. The amount financed is $180,000. Find the amount of each of the first 359 payments. If Mr. Johnson sold the house just after his 36th payment for $200,000, how large a check did he receive
Answers: 1
Business, 22.06.2019 03:00
For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c.prepaidrent.onseptember1ofthecurrentyear,thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.
Answers: 3
Business, 22.06.2019 07:30
Suppose a firm faces a fixed price of output, íí= 1200. the firm hires workers from a union at a daily wage, í¤í¤, to produce output according to the production function íí= 2í¸í¸12. there are 225 workers in the union. any union worker who does not work for this firm is guaranteed to find nonunion employment at a wage of $96 per day. a.what is the firmâs labor demand function? b.if the firm is allowed to choose í¤í¤, but then the union decides how many workers to provide (up to 225) at that wage, what wage will the firm set? how many workers will the union provide? what is the firmâs output and profit? what is the total income of the 225 union workers? c.now suppose that the union sets the wage, but the firm decides how many workers to hire at that wage (up to 225). what wage will the union set to maximize the total income of all 225 workers? how many workers will the firm hire? what is the firmâs output and profit? what is the total income of the 225 union workers? [hint: to maximize total income of union, take the first order condition with respect to w and set equal to 0.]
Answers: 3
Business, 22.06.2019 10:00
Which term best fits the sentence? is the process of reasoning, analyzing, and making important decisions. itâs an important skill in making career decisions. a. critical thinking b. weighing pros and cons c. goal setting
Answers: 1
Business, 22.06.2019 15:10
Popeye produces 20 cans of spinach in 8 hours. wimpy produces 15 hamburgers in 10 hours. if each hamburger trades for 1.5 cans of spinach, then: a.wimpyâs production and productivity are greater than popeyeâs. b.popeyeâs production is greater than wimpyâs, but his productivity is less. c.wimpyâs production is greater than popeyeâs, but his productivity is less. d.popeyeâs production and productivity are greater than wimpyâs.
Answers: 3
Mr. Johnson has a thirty-year mortgage with end-of-month payments. It has a nominal quarterly intere...
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