jean purchases a house for $750,000 and is able to secure an interest only, 5 year fixed rate mortgage for $600,000 at 5% interest with monthly payment. After five years, the house appreciates to $767123.56. What is Jean's equity as a percent of the house value? Write your answer as a percent rounded to two decimal points without the % sign (e.g. if you get 5.6499%, write 5.65).
Answers
Jean's equity as a percentage of the house value is approximately 21.79%.
To calculate Jean's equity as a percentage of the house value, we first need to determine the remaining mortgage balance after five years.
The interest-only mortgage means that Jean has only been paying the interest on the loan for the past five years. Therefore, the remaining mortgage balance after five years is the same as the initial loan amount of $600,000.
Jean's equity in the house is the difference between the house value and the remaining mortgage balance:
Equity = House Value - Remaining Mortgage Balance
Equity = $767,123.56 - $600,000
Equity = $167,123.56
Now we can calculate Jean's equity as a percentage of the house value:
Equity Percentage = (Equity / House Value) * 100
Equity Percentage = ($167,123.56 / $767,123.56) * 100
Equity Percentage ≈ 21.79%
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Related Questions
Here are a number of different ethical issues you could discuss with your employees. What topics would serve as a good basis for the beginning of the course?
Answers
Answer:
The topics like what is ethics?, emerging of ethical values and why they are important in making a better society than before.
Explanation:
The reason is that not all the employees are well educated and professionals but ethics can be learned easily because it depends upon the judgement and doing good for others and yourself.
So the best thing is that you must start course with the introduction of ethics and then how ethical values emerged in the history and why are important for the society. This let them understand that acting ethical is very important because it provides safety to all of the individuals and creates better environment that we all desire.
If you were the CEO of a company that was looking to implement strategies to fill a perceived strategic-planning gap, you would most likely explore ____ strategy first because it is easier to improve an existing business than to build a new one.
Answers
The strategy of market-penetration will be employed because it is helps to improve an existing business than to build a new one.
What is market-penetration?The strategy of market penetration is used for a product or service in the existing market to build a larger customer base, increase market sales etc
In conclusion, the strategy of market-penetration will be employed because it is helps to improve an existing business than to build a new one.
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on december 31 of the current year, paxton corp. purchased 80% of the outstanding common stock of small inc. on the purchase date, the book value of small's net assets equaled $1,800,000 and the fair value equaled $2,000,000. in the current year consolidated balance sheet non-controlling interests were reported at $425,000. under the acquisition method, what amount should be reported as goodwill in the current year consolidated balance sheet?
Answers
The cash outlay over the net asset's fair value is called the gross outlay, or GW. Small Inc.'s 100% cost would be $2,125 if the non-controlling stake, or 20% of the company, was $425. GW of 125 was produced from cash of 2,125 less the FV of 2,000.
What is meant by stock?The ownership of a portion of the issuing company is represented by a stock, sometimes referred to as equity, which is a type of security. The term "shares" refers to the units of stock, each of which entitles the holder to a specific share, based on the number of shares owned, of the company's assets and income.The stock market can be conceptualized as a network of stock exchanges where traders and investors can buy and sell shares of publicly traded firms. This is an effective approach to think about the stock market. Initial public offerings, or IPOs, are a way for private companies to sell shares of their stock on a market (IPO).The term "stock answer," "stock statement," or "stock manner of doing something" refers to something that is frequently employed, oftentimes because individuals are too lazy to come up with a novel response.To learn more about stock refer to:
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which one of these is an example of a necessary debt
Answers
Answer:
An example of unnecessary debt is when you change your clothes and don't really need on a high-interest score. Thus option C is correct.
What is unnecessary debt?
An unnecessary debt can be caused by a variety of issues such as expensive life events, having children, or moving to a new house. It may also be due to poor money management. The debt is due to those things that are not needed and hence are unnecessary.
Explanation:
1: "How did Great Buy handle the return?" asks Sam.
"They promptly sent us two replacement monitors on October 10, as soon
as we returned the damaged ones," Monique replies. "And on October 28,
they sent us an invoice for the entire order. We paid them with a check that
same day."
Monique shows Sam the invoice from Great Buy, which reflects the two
replacement monitors that Berthold's received after returning the damaged
ones and asks him to process it for payment.
DESCRIPTION
Computer monitors (original order, $350 x 8)
Computer monitors (replacements, $350 x 2)
TOTAL:
AMOUNT
8 of 12
$2,800
$700
$3,500
What information would be recorded in the Accounts Payable ledger, which
had a previous balance of $2,800?
Answers
The resulting balance in the Accounts Payable ledger after these transactions would be a credit balance of $300 (i.e., $2,800 credit balance - $700 debit + $3,500 credit).
Why it is?
Based on the information provided, the following transactions would be recorded in the Accounts Payable ledger:
A credit entry for the original order of 8 computer monitors for $2,800, which was the previous balance in the ledger.
A debit entry for the two replacement monitors received on October 10, for a total of $700.
A credit entry for the payment made by Berthold's with a check on October 28, for the total amount due of $3,500.
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E-mail is an temporary message medium.
True or false?
Answers
Answer:
False
Explanation:
:)
Answer:
its false!
Explanation:
which of the following career fields ensures that required supplies are available?
A.) Logistics B.) Purchasing C.) Management D.) Marketing communications
Answers
Answer:
D.marketing communication
what is the difference between internal and external growth? Please explain?
Answers
Locate 2 transactions in recent financial news to illustrate and explain the roles of financialintermediaries, and banks, in particular these transactions. Furthermore, explain how thesetransactions would occur without a financial intermediary.
Answers
1. Transaction: Company A obtains a loan from Bank B to finance a new project. 2. Transaction: Individual C invests in a mutual fund managed by Investment Firm D.
1. In the first transaction, Bank B plays the role of a financial intermediary. It receives deposits from various individuals and businesses and then lends those funds to Company A. The bank assesses the creditworthiness of Company A, determines the terms of the loan, and provides the necessary funds. Without the bank acting as a financial intermediary, Company A would need to directly seek out individual lenders who are willing to provide the required funds. This process would be time-consuming and may involve higher transaction costs for both the borrower and the lender.
2. In the second transaction, Investment Firm D acts as a financial intermediary by managing the mutual fund. Individual C invests in the mutual fund, which pools the funds from multiple investors. The investment firm then uses those funds to invest in a diversified portfolio of stocks, bonds, or other securities. Without the financial intermediary, Individual C would need to individually research, select, and manage their own portfolio of securities. This would require a significant amount of time, knowledge, and resources, making it less accessible for many individual investors.
Financial intermediaries, such as banks and investment firms, play crucial roles in facilitating transactions between borrowers and lenders or investors. They provide a range of services, including the pooling and allocation of funds, risk assessment, and efficient transaction facilitation. Without financial intermediaries, the process of obtaining funding or investing would be more complex, time-consuming, and costly for both parties involved.
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why do business need funding
Answers
Martin is a credit counselor working with a client, Kim, who is in serious financial trouble. Kim is hesitant because she has a long way to go and a lot of work to do before she can be financially healthy again. What is the best way for Martin to explain the next steps to her?
A.) Martin should present the information in small manageable steps rather than give her a lengthy to-do list.
B.) Martin should make a list of tasks that must be completed and do them for her, since he is an experienced professional.
C.) Martin should compile a list of all the tasks that Kim must complete and suggest that she report back to him after she is finished.
D.) Martin should not encourage her to do anything she is reluctant to do, even if it means salvaging her financial life in the long term
Answers
Answer:
C
Explanation:
C la respuesta es la C ya que
The balance in the Accumulated Depreciation account represents the amount to be deducted from the cost of the plant asset to arrive at its fair market value. cash fund to be used to replace plant assets. amount charged to expense in the current period. amount charged to expense since the acquisition of the plant asset. Click if you would like to Show Work for this question: Qen Show Work Equipment with a cost of $355000 has an estimated salvage value of $15000 and an estimated life of 4 years of 10000 hours. It is to be depreciated by the straight line method, what is the amount of depreciation for the first full year during which the equipment was used for 2000 hours? $85000 $68000 $86250 • $88750. Click if you would like to show Work for this question: een Show Work On October 1, 2022, Carla Vista Co places a new asset into service. The cost of the asset is $85000 with an estimated 5 year ife and $22000 salvage value at the end of its useful What is the depreciation expense for 2022 if Carla Vista Co. uses the straight-line method of depreciation? $8500 $3150 $17000 • $4250 The calculation of depreciation using the declining-balance method multiplies a declining percentage times a constant book value. multiplies a constant percentage times the previous year's depreciation expense. yields an increasing depreciation expense each period. ignores salvage value in determining the amount to which a constant rate is applied. Sales taxes collected by a retailer are reported as expenses. current liabilities. contingent liabilities. revenues. If bonds are issued at a premium, the stated interest rate is too low to attract investors. higher than the market rate of interest. lower than the market rate of interest. adjusted to a higher rate of interest. Over the term of the bonds, the balance in the Discount on Bonds Payable account will decrease. increase be unaffected until the bonds mature fluctuate up and down if the market is volatile. A measure of a company's solvency is the asset turnover ratio. times interest earned. acid-test ratio. current ratio. Cullumber Company purchased a building on January 2 by signing a long-term $4154000 mortgage with monthly payments of $38200. The mortgage carries an interest rate of 10 percent. The amount owed on the mortgage after the first payment will be $4150500 $4125800. $4129300. • $4164000 Click if you would like to Show Work for this question Which of the following show the proper effect of a SUCK Spil au d BUN UTVIUCH Item Stock Split Stock Dividend Par value per share Decrease No change Total paid-in capital Increase Increase Total retained earnings Decrease Decrease Total par value (common) Decrease Increase
Answers
A stock split is a corporate action in which a company divides its existing shares into multiple shares.
Explain the effect of a stock split on the balance sheet and the retained earnings statement?A stock split has the effect of reducing the par value of the company's stock and increasing its total paid-in capital. The effect on the balance sheet is that the par value of the company's stock will be reduced while the total paid-in capital will increase.This is because the number of shares outstanding increases, while the par value of each share decreases. The effect on the retained earnings statement is that the total retained earnings will decrease as a result of the stock split.This is because the total par value of the company's common stock decreases, leading to a reduction in the total retained earnings. The stock split does not have any effect on the company's net income or the company's assets and liabilities.This action increases the total number of shares outstanding while decreasing the price of each share proportionally. The effect of a stock split on the balance sheet and the retained earnings statement can be seen in the following ways. On the balance sheet, the par value per share decreases, and the total paid-in capital increases.The total par value (common) decreases, but the total retained earnings remain the same. On the retained earnings statement, the total retained earnings remain the same. This is because the stock split does not involve any type of payment to shareholders, and the company does not receive any new capital from the split. The stock split does not affect the company's financial position or profitability, but it does affect the market price of the stock.To learn more about the effect of a stock split on the balance sheet refer to:
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Whats your favorite Song guys
Answers
Memories by Maroon 5. I love this song.
Which type of market are you in if your company, along with three other companies, controls 95 percent of the total music industry? A. monopolistic competition B. perfect competition C. monopoly D. oligopoly
Answers
Answer: the answer to your question is D) oligopoly
Explanation:
Answer:
it's D. oligopoly
Explanation:
Oligopoly is a market structure where only a few large firms control a major share of the market.
The highest yielding savings accounts are paying historically low interest rates, so Maria is only able to get a 1% annual interest rate for her savings account. Assuming interest rates do not change, use the Rule of 72 to approximate how many years it will take for her to DOUBLE her money in this account?
Answers
Using the rule of 72 it is going to take Maria a period of 72 years in order to be able to double the money that is in her account.
What is the rule of 72?This is the term that is used to refer to the rule that helps to tell us of the number of years that would be needed in order to be able to double the amount of invested money of a person.
The formula for the rule of 72 is given as
t = 72 / r
where
t = years
r = rate in percentage
Hence we can say that
72 / 1%
Hence the period that it would take to double the money would be 72 years.
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A firm contemplating expansion should ultimately choose a foreign market based on an assessment of the nation's long-run profit potential. group of answer choices true false
Answers
A firm contemplating expansion should ultimately choose a foreign market based on an assessment of the nation's long-run profit potential - True
What is foreign market?
Foreign markets are defined as markets that exist outside of a company's home country. Dealing with distinct languages, cultures, laws, rules, regulations, and requirements when selling in international markets.
Merging with a company from another country is laden with complications. To minimize any complications that may develop, it is critical that you are familiar with the local market, particularly the quality of candidates accessible.
Foreign market analysis is a broad subject. The first factor to examine when studying global markets is the country or location in which a company intends to launch its international operations. As described in the study of Foreign market, issues such as political, economic, and social factors are critical.
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Someone who sells milk can report their inventory using LIFO
-True
-False
Answers
True. Someone who sells milk can report their inventory using LIFO (Last In, First Out) method. This method assumes that the last items added to the inventory are the first ones to be sold.
Here are some points to elaborate on the statement that someone who sells milk can report their inventory using the LIFO method:
Matching cost of goods sold: The LIFO method assumes that the cost of the most recently acquired or produced inventory items is matched against the revenue from sales.
This means that if someone is selling milk, the cost of the most recent purchases of milk would be used to calculate the cost of goods sold (COGS), which is the cost of the inventory items that have been sold during a specific period, such as a month, quarter, or year.
This can result in a higher COGS, as the most recent inventory items are likely to have higher costs due to inflation or other factors.
Tax implications: One of the reasons why some businesses, including those that sell milk, may choose to use the LIFO method for inventory valuation is its potential tax advantages.
In periods of rising prices, the use of LIFO can result in lower taxable income and, consequently, lower tax liabilities. This is because the COGS calculated using the LIFO method tends to be higher, which reduces the gross profit and taxable income.
However, it's important to note that the use of LIFO for tax purposes is subject to specific rules and regulations, and businesses need to carefully consider their specific circumstances and consult with tax professionals to ensure compliance with tax laws.
Record-keeping requirements: When using the LIFO method, businesses need to maintain detailed records of inventory purchases and sales to accurately calculate COGS and comply with accounting standards.
This includes keeping track of the purchase dates, quantities, and costs of inventory items, as well as the corresponding sales and revenue data. Proper record-keeping is crucial to ensure the accuracy and reliability of financial statements and to provide evidence in case of audits or reviews by tax authorities or other stakeholders.
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Which of the following is NOT an advantage of human-centered design thinking?
a) It allows for a more enjoyable user experience for customers.
b) It allows for more flexibility in the product/service creation process.
c) It allows for a deeper understanding of the problems that the market faces.
d) It allows a single entrepreneur to bring their favorite ideas to market.
Answers
Answer:
The correct option is;
d) It allows a single entrepreneur to bring their favorite ideas to market
Explanation:
Human-centered design is a methodology applied to the resolution of problems that are associated with product design and framework of management that makes the thinking mindset for the development of problems solution of having the human standpoint to be included in all the steps involved in solving the problem in order to ensure usefulness of the solution to the people it is meant to benefit.
Human-centered design is the study of methodology that focuses on the resolution of the problems or the hurdles that are associated with the design of the product or the framing of the managerial activities that help in the solving of the problems.
The correct option is d) It allows a single entrepreneur to bring their favorite ideas to market
Option d) It allows a single entrepreneur to bring their favorite ideas to market is the correct answer because it does not ensure the advantage of human-centered design thinking. It wholly focuses on the entrepreneurs to bring their own ideas without the consult of the team members.
Options:
a) It allows for a more enjoyable user experience for customers.
b) It allows for more flexibility in the product/service creation process.
c) It allows for a deeper understanding of the problems that the market faces.
These are the wrong options because they are the main advantages of the human-centered design that focuses on solving the problems by implying the various managerial activities in tackling the problems.
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(b) Conrad buys a toy for $65.
He sells it for $55.
Calculate the percentage loss.
Answers
Answer:
The percentage loss is 10 percent
after researching best buy common stock, sally jackson is convinced the stock is overpriced. she contacts her account executive and arranges to sell short 400 shares of best buy. at the time of the sale, a share of common stock had a value of $48. three months later, best buy is selling for $44 a share, and sally instructs her broker to cover her short transaction. total commissions to buy and sell the stock were $81. what is her profit for this short transaction?
Answers
Sally Jackson made a profit of $1,519 from her short transaction.
Sally Jackson sold short 400 shares of Best Buy at $48, so she received $48 x 400 = $19,200.
Three months later, she covered her short position by buying 400 shares at $44, which cost her $44 x 400 = $17,600.
Her profit from the short transaction is the difference between what she received from selling short and what she paid to cover her short position, minus the commissions.
So her profit is:
$19,200 - $17,600 - $81 = $1,519
Profit will be $1,519.
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What is the role of government in a mixed market-based economy?
A. The government has no significant role in a mixed market-based economy.
B. The government needs to intervene to help determine how the basic economic questions are answered.
C. The role of government is to ensure each citizen receives a fair share of resources.
D. The role of government is to provide public goods and services and protect property rights.
Answers
Answer:
lt would c
Explanation:
Type the correct answer in the box. Spell all words correctly.
Which technology was used to try and prevent illegal recording, copying, and distribution of movies and TV shows?
The FTC was unsuccessful in their attempt to enforce____
technology to prevent illegal recording, copying, and distribution of movies and television shows.
Answers
The FTC was unsuccessful in their attempt to enforce technology to prevent illegal recording is called Digital Rights Management
The technology that was used to prevent illegal recording, copying, and distribution of movies and TV shows is known as Digital Rights Management (DRM). DRM is a technology that is used to restrict the access or use of copyrighted material. It is a set of access control technologies that aim to restrict the use, copying, and distribution of digital content.
DRM was introduced as a measure to prevent piracy and illegal distribution of copyrighted material. It was designed to protect the rights of content creators and ensure that they receive the rightful compensation for their work. However, despite its effectiveness in preventing piracy, DRM has been widely criticized for its restrictive nature and for limiting the freedom of users to access and use digital content.
The FTC attempted to enforce DRM technology to prevent illegal recording, copying, and distribution of movies and television shows. However, their efforts were largely unsuccessful as DRM technology was often circumvented by hackers and other tech-savvy individuals.
As a result, the use of DRM technology has been largely replaced by other measures such as watermarking and content identification systems that are more effective in preventing piracy and illegal distribution of copyrighted material.
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when entering into an income based repayment plan option, a student must contact their ________ to select the repayment plan option
Answers
when entering into an income-based repayment plan option, a student must contact their student loan facilitator to select the repayment plan option.
What is income-based repayment?
A repayment strategy known as income-based repayment, or IBR, bases loan instalments on a proportion of the borrower's discretionary income rather than the whole amount owing. Midway through 2009, IBR initially became accessible.
One of four income-driven repayment schemes is IBR. Pay-As-You-Earn Repayment (PAYE), Income-Contingent Repayment (ICR), and Revised Pay-As-You-Earn Repayment are the others (REPAYE). For debtors who don't qualify for PAYE and are worried about the marital penalty and the absence of a payment maximum in REPAYE, IBR is typically a viable alternative.
IBR bases monthly student loan repayments on 15% of discretionary income. The amount by which adjusted gross income (AGI) surpasses 150% of the poverty line is referred to as discretionary income.
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who takes music class
Answers
I use to take music class
Answer:
I do
Explanation:
Rocky Point Brewery (RPB) filed an initial public offering in January 2018. RPB engaged Olsen & Alain, CPAs, (O&A) in 2015 to keep the books and prepare monthly and annual financial statements (while the company was privately held), and terminated those services in December 2018. Under SEC and PCAOB rules, could RPB engage O&A to be their auditors now that it is a public company? a. Yes, because the prohibited nonaudit services were performed before the period of professional engagement. b. Yes, but only if O&A rescinds any indemnification language existing in their nonaudit engagement letters. c. No, because the prohibited nonaudit services were performed during the period covered by the financial statements. d. No, but only if the fees O&A received from these engagements exceeded five percent of the firm's annual revenues.
Answers
Answer: No, because the prohibited non-audit services were performed during the period covered by the financial statements.
Explanation:
The aim of the Securities and Exchange Commission is to protect the investors and also maintain a fair, and an efficient market.
We should note that Under SEC and PCAOB rules, RPB cannot engage O&A to be their auditors now that it is a public company because the prohibited non-audit services were performed during the period covered by the financial statements.
Use the drop-down menus and your knowledge of prefixes to choose the correct word for each sentence.
I love being outdoors, so a day at the movies is
for me.
Plants that
desirable traits tend to live longer than those that do not.
The situation was unpleasant, and I did not know how to
myself from it.
Answers
The correct prefixes are:
AtypicalExhibitExtricateWhat is a Prefix?This refers to the addition of a word at the beginning in order to change the meaning from the root word.
Hence, we can see that based on the complete question, there is the use of words like "typical", etc and to use the correct prefixes, one would have to change them to the above to make sense.
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The correct answers are:
AtypicalExhibitExtricateWhat are prefixes?Morphemes
Prefixes are morphemes (specific groups of letters with particular semantic meaning) that are added onto the beginning of roots and base words to change their meaning. Prefixes are one of the two predominant kinds of affixes —the other kind is suffixes, which come at the end of a root word.
Thus:
The correct answers are:
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mentor corporation has provided the following information for the current year: units produced 3,500 units calculate the product cost per unit using absorption costing.
Answers
The product cost per unit using absorption costing is 245 er unit.
Utilizing the absorption costing method, the costs associated with the product's manufacturing are accumulated and then allocated to the various manufactured goods.
Below is a calculation of the unit product cost using absorption costing:
= Direct material per unit + Direct labor per unit + variable manufacturing overhead per unit + fixed manufacturing overhead per unit
\(= $70 per unit + $55 per unit + $20 per unit + $100 per unit\)
\(= $245 per unit\)
The fixed manufacturing overhead per unit is
= Fixed manufacturing overhead ÷ units produced
\(= \frac{350,000}{3,500} units\\= $100\)
The question is incomplete, complete question "Mentor Corp. has provided the following information for the current year:
Units produced 3,500 units
Sale price $200 per unit
Direct materials $70 per unit
Direct labor $55 per unit
Variable manufacturing overhead $20 per unit
Fixed manufacturing overhead $350,000 per year
Variable selling and administrative costs $30 per unit
Fixed selling and administrative costs $150,000 per year
Calculate the unit product cost using absorption costing."
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Match the tasis with the professionals who do them
Calculate the weight
and volume of cargo.
Negotiate contracts
with suppliers
Track shipments to
make sure that they
arrive on time.
File paperwork according
to a filing system in the
office.
Type data into software to
be used by the company.
Attend conferences and
trade shows to find new
products
Purchasing Agents
Office Clerk
Freight Forwarder
Answers
Answer:
Purchasing Agent:
-Attend Conferences and trade shows to find new products
-Negotiate contracts with suppliers
Office Clerk:
-File paperwork according to a filing system in the office
-Type data into software to be used by the company
Freight Forwarder:
-Calculate the weight and volume of cargo
-Track shipments to make sure that they arrive on time
Explanation: I took the test.
Answer:
Answer:
Purchasing Agent:
-Attend Conferences and trade shows to find new products
-Negotiate contracts with suppliers
Office Clerk:
-File paperwork according to a filing system in the office
-Type data into software to be used by the company
Freight Forwarder:
-Calculate the weight and volume of cargo
-Track shipments to make sure that they arrive on time
Explanation: I took the test.
Explanation:
Im taking the test rn
does doja cat deserve her fame? what do you think?
Answers
The new territories, cuba and puerto rico, are resource rich and considered strategic territories in which body of water?
Answers
New territories, Cuba and Puerto Rico are resource-rich and considered strategic territories in the Caribbean Sea and had a small agricultural economy.
In 1898, besides Cuba, the Spanish government controlled Guam, Puerto Rico, and the Philippines. Guam, a small island east of the Philippines in the Pacific Ocean, become exciting to us and ECU countries as a capability spot for navy bases.
Resource refers to all of the materials to be had in the surroundings that are technologically reachable, economically feasible, and culturally sustainable and assist us to meet our needs and wants. assets can extensively be labeled upon their availability — they may be classified into renewable and non-renewable assets.
They can also be categorized as actual and capacity on the idea of the level of improvement and use, on the premise of origin they can be categorized as biotic and abiotic, and on the idea of their distribution, as ubiquitous and localized (personal, community-owned, countrywide and global sources).
The concept of assets has been developed throughout many hooked-up areas of work, in economics, biology and ecology, pc technological know-how, control, and human sources as an example - linked to the concepts of competition, sustainability, conservation, and stewardship. In software inside human society, business or non-industrial factors require aid allocation through resource control.
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