g- Tom and John are excited to purchase a new house. Based on where they live they can find a good house for $800,000. They need 15% of the total cost of the home available as a down payment and the rest they will take out a mortgage loan. Tom commits to saving $1,050 a month and John $490 a month. They will put their savings into an account that earns 3.4% compounded monthly. a) How many years will they need to continue to save to purchase an $800,000 home

Neveready flashlights inc. needs $317,000 to take a cash discount of 3/15, net 70. a banker will loan the money for 55 days at an interest cost of $13,200. a. what is the effective rate on the bank loan? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) b. how much would it cost (in percentage terms) if the firm did not take the cash discount but paid the bill in 70 days instead of 15 days? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) c. should the firm borrow the money to take the discount? no yes d. if the banker requires a 20 percent compensating balance, how much must the firm borrow to end up with the $317,000? e-1. what would be the effective interest rate in part d if the interest charge for 55 days were $7,200?

The following information is for alex corp: product x: revenue $12.00 variable cost $4.50 product y: revenue $44.50 variable cost $9.50 total fixed costs $75,000 what is the breakeven point assuming the sales mix consists of two units of product x and one unit of product y?

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?