Business, 07.09.2019 05:21 bigmandavis
You have just purchased and have obtained a 30-year, $2 mortgage with an interest rate of 10 percent. required: a. what is your annual payment? b. assuming you bought the house on january 1, what is the principal balance after one year? c. after four years, mrtgage rates drop to 8 percent for 30-year fixed-rate mortgages. you still have the old 10 percent mortgage you signed four years ago and you plan to live in the house for another five years. the total cost to refinance the mortgage is $3000, including legal fees, closing costs, and points. the rate on a five-year cd is 6 percent. should you refinance your mortgage or invest the $3,000 in a cd? the 6 percent cd rate is your opportunity cost of capital.
Answers: 2
Business, 21.06.2019 20:40
Maria am corporation uses the weighted-average method in its process costing system. the baking department is one of the processing departments in its strudel manufacturing facility. in june in the baking department, the cost of beginning work in process inventory was $4,880, the cost of ending work in process inventory was $1,150, and the cost added to production was $25,200. required: prepare a cost reconciliation report for the baking department for june.
Answers: 2
Business, 22.06.2019 15:30
The school cafeteria can make pizza for approximately $0.30 a slice. the cost of kitchen use and cafeteria staff runs about $200 per day. the pizza den nearby will deliver whole pizzas for $9.00 each. the cafeteria staff cuts the pizza into eight slices and serves them in the usual cafeteria line. with no cooking duties, the staff can be reduced by half, for a fixed cost of $75 per day. should the school cafeteria make or buy its pizzas?
Answers: 3
You have just purchased and have obtained a 30-year, $2 mortgage with an interest rate of 10 percent...
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