Business, 01.09.2019 15:50, laylay4527
1. which event will have the greatest impact (positive or negative) on one's net worth after one month?
buy a used car at market value for $15,000
buy a new car at market value for $15,000. car depreciates 20% upon transfer of ownership.
lease a $15,000 car on a 3 year lease. the monthly payment is $199 and all lease payments are required in the lease.
none of these events will impact the net worth of an individual
2. if a home mortgage has a term of 15 years and a payment of $1,000, what is the loan amount? (assume that there are no interest-free mortgages)
$180,000
$200,000
$360,000
less than $180,000
3. if a home buyer puts 20% down on a $200,000 house and uses a mortgage to borrow the rest, how much will the mortgage be (excluding any closing costs)?
$240,000
$160,000
$180,000
$200,000
4. which of the following will increase your net worth the most?
all of these increase net worth
purchase a used car valued at $7,000 with an auto loan for $7,000
purchase of house valued at $150,000 with $25,000 down and a mortgage of $125,000
sell a bike valued at $75 for $75 cash
none of these increase net worth
5. sub-prime lending rates are 1) than prime lending rates and are for people with credit.
1) lower 2) poor
1) lower 2) good
1) higher 2) poor
2) higher 2) good
6. which loan type isn't secured with collateral?
small business loans
subsidized student loans
auto loans
none of the answers are correct
all of the answers are correct
mortgages (home loans)
Answers: 1
Other questions on the subject: Business
Business, 21.06.2019 19:30, jluckie080117
In business, what would be the input, conversion and output of operating a summer band camp
Answers: 1
Business, 21.06.2019 21:00, july00
Accublade castings inc. casts blades for turbine engines. within the casting department, alloy is first melted in a crucible, then poured into molds to produce the castings. on may 1, there were 230 pounds of alloy in process, which were 60% complete as to conversion. the work in process balance for these 230 pounds was $32,844, determined as follows: exercises during may, the casting department was charged $350,000 for 2,500 pounds of alloy and $19,840 for direct labor. factory overhead is applied to the department at a rate of 150% of direct labor. the department transferred out 2,530 pounds of finished castings to the machining department. the may 31 inventory in process was 44% complete as to conversion. prepare the following may journal entries for the casting department: the materials charged to production the conversion costs charged to production the completed production transferred to the machining department determine the work in process"casting department may 31 balance.
Answers: 1
Business, 22.06.2019 07:10, Derienw6586
Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.
Answers: 3
Do you know the correct answer?
1. which event will have the greatest impact (positive or negative) on one's net worth after one mon...
Questions in other subjects:
Mathematics, 27.10.2020 22:50
Mathematics, 27.10.2020 22:50
Mathematics, 27.10.2020 22:50
Biology, 27.10.2020 22:50
Mathematics, 27.10.2020 22:50
