A borrower signs the note and mortgage for a re-finance on his principal residence on Thursday, Dec. 31. What is the earliest day the funds for this loan could be disbursed (assuming no bona fide financial hardship)?

Answer and Explanation:

The computation is shown below;

Percentage returns is

= (End value - Beginning value) ÷ Beginning value

= ($77.59 - $74.82) ÷ $74.82

= 3.70%

Now

APR is

= 3.70 × 2

= 7.40%

As the given months is six but we have to compute for 12 months that why we multiplied it by 2

And,

EAR = (1 + APR ÷ m)^m - 1

where

m = compounding periods

So,

= (1 + 0.074 ÷ 2)^2 - 1

=7.54%

Answer:

C. $5,150

Explanation:

Calculation for what will be the value of interest payment at the end of fifth year in real dollars

First step is to calculate the Interest amount per year

Interest amount per year = 100,000*6%

Interest amount per year = $6,000

Now let calculate the value of interest payment at the end of fifth year in real dollars

Value of interest payment in 5th year in real dollars = 6,000/(1+3.1%)^5

Value of interest payment in 5th year in real dollars= 6,000/1.164913

Value of interest payment in 5th year in real dollars= $5,150

Therefore the Value of interest payment in 5th year in real dollars will be $5,150

Answer:

Adler​, Milton​, and Bryant

1. Computation of each partner's share of the $72,000 net income for the year:

                                  Adler​       Milton​        Bryant         Total

First $30,000:

Capital allocation      6,000      9,000         15,000       30,000

Second $30,000:

Salary allowance     15,000        0              15,000        30,000

Remainder $12,000:

Shared equally        4,000       4,000           4,000        12,000

Total                   $25,000    $13,000      $34,000     $72,000

2. Closing Journal Entry to allocate the net income for the year:

Date     Accounts and Explanation       Debit     Credit

Dec. 31 Income Summary                   $72,000

            Adler, Capital                                         $25,000

            Milton, Capital                                           13,000

            Bryant, Capital                                          34,000

To close Income Summary account to partners' capital.

Explanation:

a) Data and Calculations:

Net Income = $72,000

Sharing formula:

First $30,000 is divided based on the​ partners' capital balances.

Next $30,000 is based on​ service, shared equally by Adler and Bryant.

Remainder is divided equally.

                                  Adler​       Milton​        Bryant         Total

Capital balances   $20,000​  $30,000​     $50,000​    $100,000

Ratio of capital          2 :            3 :                5                10

First $30,000:

Capital allocation      6,000      9,000         15,000       30,000

Second $30,000:

Salary allowance     15,000        0              15,000        30,000

Remainder $12,000:

Shared equally        4,000       4,000           4,000        12,000

Total                   $25,000    $13,000      $34,000     $72,000

Answer:

b. go down.

Explanation:

The Formula for Required rate of return Ke = Dividend (D1) / Price. So, increase in price which is denominator will leads to decrease in the required rate of return. Hence, In computing the cost of common equity, if the dividend (D1) goes downward and market price (P0) goes up, required rate of return (Ke) will Go down

Answer:

Part 1

Department Accounting system seeks to establish the Departmental Economic Performance whilst the Responsibility Accounting System seeks to establish the Performance of Personnel Responsible for a particular department.

Part 2

No, reports of departmental net income and the departmental contribution to overhead are not useful in assessing a department manager's performance.

Because, they take into account those incomes and costs attributable to the particular department including central costs. This means it ignores whether or not the costs were wholly controllable by the manager.

Explanation:

Department Accounting system seeks to establish the Departmental Economic Performance whilst the Responsibility Accounting System seeks to establish the Performance of Personnel Responsible for a particular department.

The reports of departmental net income and the departmental contribution to overhead are not useful in assessing a department manager's performance this is because they take into account those incomes and costs attributable to the particular department including central costs. This means it ignores whether or not the costs were wholly controllable by the manager.

In assessing a department manager's performance, we look into incomes and expenses that were sorely within their control other than those items that are just attributable to the department they are responsible for.

Solution:

Annual coupon payment of the bond is $80

At the beginning of the year, remaining maturity period is 2 years.

Price of the bond is equal to face value, i.e. the initial price of the bond is $1000.

New price of the bond = present value of the final coupon payment + present value of the maturity amount.

New price of the bond = [tex]$\frac{80}{1+r} +\frac{1000}{1+r}$[/tex]

where, r is the yield to maturity at the end of the year.

Substitute 0.06 for r in the above equation,

Therefore new price of the bond is  = [tex]$\frac{80}{1+0.06} +\frac{1000}{1+0.06}$[/tex]

                                                           = [tex]$\frac{1080}{1.06}$[/tex]

                                                           = $ 1010.87

Calculating the rate of return of the bond as

[tex]$\text{rate of return}=\frac{\text{coupon+new price-old price}}{\text{initial price}}$[/tex]

                     [tex]$=\frac{80+1018.87-1000}{1000}$[/tex]

                     = 0.09887

Therefore, the rate of return on the bond is 9.887%

                                                                    ≈ 10 %

Answer:

$349.40

Explanation:

The interest in 72 month is only obtained when an amortization table for this mortgage is constructed.

So we first need to find the annual instalment as follows :

PV = $150,000

i = 3.21%

N = 30

P/YR = 1

FV = $ 0

PMT = ?

Using a financial calculator to input the values as above, the annual instalment is $7,862.08.

In 72 months, this will be 6 years. So in the 6th year, the interest will be $4,293.52. Monthly interest will approximate $349.40 ($4,293.52 ÷ 12).

Answer: b. consumer does not purchase the good.

Explanation:

The price a Consumer buys a good is dependent on the amount they value the good. A good that is selling at a price higher than the value ascribed to it by the consumer will not be purchased because it is higher than the amount that the consumer wants to spend.

When the value to the consumer is higher than the price of the good, the consumer stands to make a surplus when they buy the good.

Answer:

C. Health informatics

Explanation:

Answer:

Fractional Reserves

Explanation:

Banks are required to hold money to lend out. If you deposit $100 into your account that is $100 for the bank to lend that money out to ones who need it.

Fractional reserves are not one of the four most common ways people can save money in banks. Fractional reserves are a banking system in which only a fraction of bank deposits are backed by actual cash on hand and are available for withdrawal. The correct option is B.

With fractional-reserve banking, the bank is only obligated to keep a portion of customer deposits on hand, freeing it up to lend the remainder of the money. While having enough cash on hand to cover withdrawal demands, this strategy is intended to continuously stimulate the amount of money available in the economy.

Fractional reserves are not one of the four most common ways people can save money in banks because it is not a savings option for consumers. Fractional reserve banking is a system used by banks to create money and lend out a portion of their deposits while keeping a fraction of the deposits in reserve.

This process is not related to individual savings and is a function of the banking system. The four most common ways people can save money in banks are checking accounts, savings accounts, money market accounts, and certificates of deposit.

Thus, the ideal selection is option B.

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Answer and Explanation:

1. Percentage change in the value of bitcoin for the last 30 days in US dollars = 18370-12885.75= 5484.25/12885.75*100= 42.75%

2. Bitcoin is currently used as money and considered legal for such purposes in countries like US, Canada, Japan, UK. It is generally not accepted and considered legal tender proper yet

3.

Answer:

wowowowowowowowowowowowoowowowo

Explanation:

Answer:

$64

Explanation:

A firm has an annual dividend of $4

The required return is 16%

Therefore the value of the preferred stock can be calculated as follows

= 16/100 × 4

= 0.16 × 4

= 0.64 ×100

= $64

Hence the value of the preferred stock is $64

Answer:

You can identify a research problem by reading recent research, theory and debates on your topic to find a gap in what is currently known about it. You might look for: A phenomenon or context that has not been closely studied. A contradiction between two or more perspectives.

- I hope this helps have a great day!

Answer and Explanation:

The computation of the investment income, the deduction of interest on investment, and the treatment of the deduction of interest on investment is given below:

Investment income is

= $900 + $1,800

= $2,700

And,

Investment expenses = $125

So,

Net investment income is

= $2700 - $125

= $2,575

And,

Investment interest paid = $3,200

The allowed deduction would be lower of interest on investment and the net investment income

So, the allowable deduction would be $2,575

Now the remaining amount i.e. disallowed is

= $3,200 - $2,55

= $625

This amount would be carried forward to the future years

Answer:

B. Contra​ liability; Debit

Explanation:

Discount on the bond is contra liability account and it has debit balance because liabilities normally have a credit balance, so the contra account of liabilities must have a debit balance.

Discount on Asset is reported under the bond payable value. The net payable on the bond is calculated by deducting the discount on bond value from the bond payable value ( usually face value of the bond. )

Answer:

c

Explanation:

maintaining a positive attitude toward learning

Maintaining a positive attitude toward learning action can help you become an effective learner. Thus, option (c) is correct.

The process of gaining new understanding, information, actions, abilities, values, perspectives, and preferences is known as learning. Humans, creatures, and some robots all have the potential to learn, and there is evidence that certain plants can learn as well. The process of acquiring new skills, information, knowledge, and values is known as education.

As an individual learns, a good attitude allows you to relax, remember, focus, and absorb information. When setbacks or obstacles occur, they will motivate those closest to them to do their all and help to drive projects forward. The best method to learn is to maintain a good attitude toward learning.

Therefore, option (c) is correct.

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Answer:

b) the Davis-Bacon Act of 1931 and the Walsh-Healy Public Contracts Act of 1936

Explanation:

The Walsh Healey Public Contracts Act was enacted in order to set safety and health standards, working hours and the minimum wages that government contractors must comply with.

The Davis Bacon Act states that government contractors must pay their employees a salary which is equivalent to prevailing local wages.

Answer:

Marketing Manager

Explanation:

Answer:

a. cyclical unemployment.

Explanation:

Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed. The unemployment rate is divided into various types, these include;

I. Cyclical unemployment rate (CU).

II. Frictional unemployment rate (FU).

III. Structural unemployment rate (SU).

IV. Actual unemployment rate (AU).

V. Natural Rate of Unemployment (NU).

In this scenario, the demand for automobiles falls when the economy experiences a recession. Thus, if an automobile manufacturer lays off workers during a recession, this would be an example of a cyclical unemployment.

A cyclical unemployment can be defined as a type of unemployment which is typically related to changes in the business, economy or industry cycle such as recession, governmental policies etc.

Mathematically, cyclical unemployment rate can be calculated using the formula;

[tex]Cyclical \; unemployment \; rate (CU) = Actual \; unemployment \; rate (AU) – Natural \; unemployment \; rate (NU)[/tex]

Answer:

C

Explanation:

Answer: Asset: Left; Increased

Explanation:

Equipment is an asset account. It is reported on the left side of the accounting equation and is increased when equipment is purchased.

Equipment is a fixed asset because it lasts more than a year in the service of a company. As an asset, it will be reported on the left side of the accounting equation which means that when it increases it is to be debited.

It increases when more equipment is acquired.

Answer:

A. Nominal income adjusted for inflation.

Explanation:

Real income is simply the amount usually in monetary terms a person, enterprise or others makes after accounting for inflation. It is also called real wage that is an individual's income.

Real income are also defined as Income that is adjusted to inflation.

Nominal income are defined as income not adjusted to inflation.

Answer:

Hecala Mining

a) Hecala will record the mine at a cost of $12600,000

b1) Depletion of Mine for 2021:

= 113,000 * $17.26

= $1,950,380

b2) Depreciation of mining facilities and equipment for 2021:

= 113,000 * $0.23

= $25,990

c) Accretion expense:

= $155,000 * 0.763

= $118,265

d) Yes.  The depletion of the mine and the depreciation of the mining facilities and equipment are reported as separate expenses in the income statement.

e1) Depletion of mine in 2022:

= $13.04 * 143,000

= $1,864,720

e2) Depreciation of facilities and equipment:

= $0.17 * 143,000

= $24,310

Explanation:

a) Data and Calculations:

Cost of Mining rights =     $10,100,000

Development costs =          2,500,000

Cost of mines =                $12,600,000

Construction of facilities =          $36,500

Mining equipment = $143,500

Salvage value               12,000

Depreciable value of equipment 131,500

Cost of facilities & equipment  $168,000

Geologists production estimate = 730,000 tons

Period of mining = 4 years

b) Cost of Mine Restoration:

Cash Outflow     Probability       Expected cost

$530,000                40%                $212,000

 630,000                30%                   189,000

 730,000                30%                   219,000

Costs of Mine Restoration           $620,000

Interest rate = 7%

Annual cost of mine restoration = $155,000 ($620,000/4)

c) Depletion of mine based on original output estimate:

= $12,600,000/730,000

= $17.26 per ton

Revised Depletion of mine:

Depleted cost of mine = $12,600,000 - $1,950,380 = $10,649,620

Depleted tons balance = 930,000 - 113,000 = 817,000 tons

Depletion per ton = $10,649,620/817,000 = $13.04 per ton

d) Depreciation rate of facilities and equipment:

= $168,000/730,000

= $0.23 per ton

Revised Depreciation rate:

Cost of facilities and equipment = $142,010 ($168,000 - $25,990)

Rate = $142,010/817,000

= $0.17 per ton

Answer:

d. 6.31%

Explanation:

The relationship between the  nominal interest rate(9.50%),inflation rate( 3%) and the real rate of return is shown by the formula below:

(1+nominal rate of return)=(1+inflation rate)*(1+real  rate of return)

nominal rate of return=9.50%

inflation rate=3%

real  rate of return is the unknown

(1+9.50%)=(1+3%)*(1+real  rate of return)

1.095=1.03*(1+real  rate of return)

1.095/1.03=1+real  rate of return

real  rate of return=(1.095/1.03)-1

real rate of return=6.31%

Answer:

c. 7,800

Explanation:

Contribution margin per tree = Unit selling price - Unit variable cost = $40 - $22 = $18

Sales(trees) required = (Fixed costs+Operating income) / Contribution margin per tree = ($120,000+$20,000) / $18 = $140,000 / $18 = 7,800 trees

Answer: Number of tress to be sold = 7,800-C

Explanation:

Contribution margin =  Selling expense - Variable cost

= $40- $22

= $18

Contribution Margin Ratio= Contribution Margin/ sales expense  x 100

=18/ 40 x 100

= 45%

To earn a  target profit of $20,000

A) Sales to attain the target profit = [(Fixed expenses + Target profit) ÷ Contribution Margin  ratio]

= ($120,400+ $20,000) / 0.45

$140,400/0.45

= $312,000

No. of tress to be sold =Sales to attain the target profit/ selling price

$312,000/$40

=$7,800

Answer:

The current manufacturing environment would be described as:

c. Make to Order (MTO).

Explanation:

The 'make to order' strategy means that the company accepts orders during the production lead time and produces products based on the customer's specifications.  The goods will not be stocked after production, instead they will be shipped to the customer who requested for them immediately after production.  It is unlike 'make to stock' production strategy, where orders result from production planning based on sales estimates.

Answer:

the direct material quantity variance is $5,670 unfavorable

Explanation:

The computation of the direct material quantity variance is shown below:

= (Standard quantity - actual quantity) × standard price

= (4,760 units × 1 pound per unit - 4,970 pounds) × $27 per pound

= (4,760 pounds  - 4,970 pounds) × $27 per pound

= $5,670 unfavorable

This is the answer but the same is not provided in the given options

Hence, the direct material quantity variance is $5,670 unfavorable

It is unfavorable because the actual pounds is more than the standard one

Answer:

A. Output/Input

Explanation:

Answer:

"FedEx" would be the correct answer.

Explanation: