Answers
The amount that James will have available for a down payment after the five years is $3648.
What is a down payment?
Down payment is the payment that is given in small divisions for a large amount of money. The cash upfront paid by the buyer in real estate transactions and other significant purchases is known as a down payment on a house.
For a home being used as a primary residence, down payments, which are typically a percentage of the purchase price.
To calculate the amount of available money for the down payment, we should first calculate the 4% of the amount of money which is $3,800
The interest rate is 4%
Calculate the interest rate of the money
4% of 3800 = 152
The amount is then subtracted by $3,800
3800 - 152 = 3648
Therefore, James will have $3648 available for the down payment after 5 years.
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1. Find 4% of 3800: 152
2. 3800-152
3. James will have $3648 available for the down payment after the 5 years.
Related Questions
Interest Payable. At its December 31 year-end, the company holds a mortgage payable that has incurred $1,125 in annual interest that is neither recorded nor paid. The company intends to pay the interest on January 7 of the next year.
2. Inputs and outputs Yvette's Performance Pizza is a small restaurant in Detroit that sells gluten-free pizzas. Yvette's very tiny kitchen has barely enough room for the four ovens in which her workers bake the pizzas. Yvette signed a lease obligating her to pay the rent for the four ovens for the next year. Because of this, and because Yvette's kitchen cannot fit more than four ovens, Yvette cannot change the number of ovens she uses in her production of pizzas in the short run. However, Yvette's decision regarding how many workers to use can vary from week to week because her workers tend to be students. Each Monday, Yvette lets them know how many workers she needs for each day of the week. In the short run, these workers arevariable inputs, and the ovens arefixed inputs.
Moorcroft Company’s budgeted sales and direct materials purchases are as follows:Budgeted Sales Budgeted D.M. PurchasesApril $327,000 $42,000May 292,000 51,000June 407,000 61,000Moorcroft’s sales are 40% cash and 60% credit. Credit sales are collected 20% in the month of sale, 50% in the month following sale, and 26% in the second month following sale; 4% are uncollectible. Moorcroft’s purchases are 50% cash and 50% on account. Purchases on account are paid 40% in the month following the purchase and 60% in the second month following the purchase.Instructions: (a) Prepare a schedule of expected collections from customers for June. (b) Prepare a schedule of expected payments for direct materials for June. (c) Moorcroft's assistant controller suggested that Moorcroft hire a part-time collector to encourage customers to pay more promptly and to reduce the amount of uncollectible accounts. Sales are still 40% cash and 60% credit but the assistant controller predicted that this would cause credit sales to be collected 30% in the month of the sale, 50% in the month following sale, and 18% in the second month following sale; 2% are uncollectible. Prepare a schedule of expected collections from customers for June How did these changes impact cash collections? Would it be worth paying the collector $1,000 per month? (d) The assistant controller also suggested that the company switch their purchases to 40% cash and 60% on account to help stretch out their cash payments. There is no additional interest charge to do this and Moorcroft is still paying their bills on time. There is no change to the company's payment pattern. Prepare a schedule of expected payments for direct materials for June. How did these changes impact the cash payments for June?
You are the payables accountant for a medium sized electrical contracting company. You are paying bills with purchase discounts but can't take advantage of them because the cash balance in the checking account is low. You approached your boss with a suggestion that the company borrow money at the bank so you can pay the bills in time to take the discounts. Your boss thinks you are a little crazy to recommend borrowing from the bank (currently charging 6% interest) to take advantage of 1-2% discounts. Write him a memorandum laying out your suggestion and justifying your suggested course of action. Respond to two other student's posts. Use actual numbers in your memo. For example, if you need to borrow money to pay a $10,000 bill that offers terms of 2/10, n/30 and the loan's interest rate is 6%.
Answers
Answer:
The correct answer is the second option: Protecting the privacy of knowing and unknowing customers.
Explanation:
Nowadays the use of the currents social medias is beginning to increase in the area of the marketing and the business world due to the wide range of communication that it can has, that is, the ability of those medias to reach the target audience and therefore to communicate the message established in the marketing mix. Moreover, due to the fact that a lot a people are reached during that process, most of them unknown customers, the most important concern for the companies regarding social and ethical issues is the protection of the privacy of those customers because personal information is given when making a purchase or just signing in the companies' websites.
Answers
Answer: legal
Explanation:
The Environmental Protection Agency (EPA) was established in so that both human and the environmental health can be protected.
Based on the information given in the question, the companies that replace inefficient sources of power with quantum nucleonics only after they are required to by the Environmental Protection Agency are operating at a legal responsibility level. It should be noted that the law will have to be obeyed by the business at this legal responsibility level.
Answers
Answer:
Nick has lower opportunity cost.
Explanation:
Rosa can dig holes in 1 hour.
Nick is slow and takes 6 hours to dig the holes.
Rosa earns $120 per hour.
Nick earns $15 per hour.
The opportunity cost of digging holes for Rosa is $120 that she could have earned in that 1 hour.
The opportunity cost for Nick is
= $15 × 6
= $90
It is evident that Nick has a lower opportunity cost.
Answers
Answer:
a. Expected rate of return = 10%
b. Expected rate of return = 12%
Explanation:
Using dividend growth model we have,
where P = Current market price
D = Dividend at the year end
K = Expected return
g = growth rate
Putting values in the above we have,
a. $64 =
=
K = 0.07 + 0.03 = 0.1 = 10%
b. $64 =
=
K = 0.07 + 0.05 = 0.12 = 12%
Final Answer
a. Expected rate of return = 10%
b. Expected rate of return = 12%
Final answer:
The expected rate of return on the stock with a dividend growth rate of 3% is 7.03%, and with a dividend growth rate of 5% it is 9.03%.
Explanation:
The expected rate of return of an investment in a stock can be reduced to a calculation involving the cost of the stock, the dividends expected to be paid, and the rate of growth of those dividends. The formula for the expected rate of return is:
Rate of Return = (Dividends one year from now / Current Stock Price) + Dividend Growth Rate
In the case of the stock you are analyzing:
- for a dividend growth rate of 3%, the formula becomes:
- Expected Rate of Return = ($4.50 / $64) + 0.03 = 7.03%
- for a dividend growth rate of 5%, the formula becomes:
- Expected Rate of Return = ($4.50 / $64) + 0.05 = 9.03%
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A 1075000 1.2
B 675000 0.5
C 750000 1.4
D 500000 0.75
Answers
Answer:
a
Explanation:
AVERAGE BETA = (INVESTMENT * BETA) / TOTAL INVESMENT
3052500 / 3000000
1.0175
Required Return = Risk free Return + (Market Return - Risk free return)* Beta
Required Return = 5% + (10% - 5%)*1.0175
Required Return = 10.08%
Answers
Answer:
$15000
Explanation:
If the investor the outstanding shares of the other company which is less than 20% then we can report the unrealized gains or losses in the income statement. The unrealized gain can be calculated as follows:
check the attachment below