Shakeia's affordable home purchase price is approximately $326,774.60.
To determine Shakeia's affordable home purchase price, we need to consider her annual gross income, monthly debts, property taxes and insurance, mortgage payment factor, and down payment.
Calculate Shakeia's monthly gross income:
Shakeia's annual gross income is $46,200, so her monthly gross income can be calculated by dividing it by 12:
Monthly gross income = $46,200 / 12 = $3,850
Calculate Shakeia's total monthly debts:
Shakeia owes $790 per month on other debts, and she expects her property taxes and homeowner's insurance to cost $210 per month. Therefore, her total monthly debts are:
Total monthly debts = $790 + $210 = $1,000
Calculate Shakeia's affordable monthly mortgage payment:
Shakeia mentioned that she can get an 8.50 percent, 30-year mortgage, and her mortgage payment factor is 7.69. Therefore, her affordable monthly mortgage payment can be calculated by multiplying her monthly gross income by the mortgage payment factor:
Affordable monthly mortgage payment = Monthly gross income × Mortgage payment factor
= $3,850 × 7.69 = $29,626.50
Calculate Shakeia's affordable monthly housing expenses:
Shakeia's affordable monthly housing expenses include her mortgage payment and property taxes/insurance:
Affordable monthly housing expenses = Affordable monthly mortgage payment + Property taxes/insurance
= $29,626.50 + $210 = $29,836.50
Calculate Shakeia's affordable home purchase price:
To calculate the affordable home purchase price, we need to determine the loan amount based on Shakeia's down payment. She expects to make a 15 percent down payment, so the loan amount will be 85 percent of the home purchase price:
Loan amount = Affordable home purchase price × Down payment percentage
= 0.85 × Affordable home purchase price
Based on Shakeia's affordable monthly housing expenses and the mortgage payment factor, we can use a mortgage calculator to determine the affordable home purchase price. Given that her affordable monthly housing expenses are $29,836.50, and assuming an 8.50 percent interest rate and a 30-year term, the affordable home purchase price can be calculated using the mortgage calculator:
Affordable home purchase price = Affordable monthly housing expenses / (Mortgage payment factor × 12)
= $29,836.50 / (7.69 × 12)
≈ $326,774.60
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opal earned 6 percent in her savings account. if she is in the 25 percent tax bracket, what is her after-tax savings rate of return?
To find Opal's after-tax savings rate of return, you need to subtract the tax she paid on her savings interest from the savings interest she earned.
Opal earned 6 percent on her savings account, but she had to pay 25 percent in taxes on that interest. So, her actual, after-tax return was lower. To find out what her after-tax return was, you first need to calculate how much interest she earned (by multiplying her savings account balance by 6 percent), and then calculate how much tax she had to pay on that interest (by multiplying the interest earned by 25 percent). Finally, you subtract the tax from the interest earned to find out how much money she ended up with, which represents her after-tax return.
The formula for calculating after-tax savings rate of return is:
After-tax savings rate of return = (Interest earned - Tax paid on interest) / savings account balance
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PLEASE HELP!!!!!! Click this link to view O*NET’s Wages and Employment section for Farmworkers and Laborers, Crop.
According to O*NET, what is the projected growth for this career between 2019–2029?
slower than average
decline
little or no change
average
Answer:
average
Explanation:
Between 2019 and 2029, this career's anticipated growth is ordinary. Thus, option (D) is correct.
What is growth?The term "growth" describes an increase in the size and mass of an organ or a body. Cell division and an increase in intracellular material are the usual mechanisms. Development is the maturing of an organism's physiological and functional systems.
The rate of the projected growth of something based on information presently available: One of the few significant commodity firms with a forecasted growth rate of up to 14% is the company.
Therefore, Thus, option (D) is correct.
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What are Generally Accepted Accounting Principles? Multiple choice question. Regulations designed to promote strong ethical conduct. Regulations companies must follow in order to be publicly traded. Minimum requirements for becoming a CPA. The concepts and rules that govern financial accounting practice.
Answer: The concepts and rules that govern financial accounting practice
Explanation:
Generally Accepted Accounting Principles are the concepts and rules that govern financial accounting practice. Thus the correct answer is D.
What is the objective of Generally Accepted Accounting Principles?The primary objective of Generally Accepted Accounting Principles is to maintain the credibility of the financial reports of any business organization. This can be done through transparency and clear transfer or exchange of financial information of any business.
Generally Accepted Accounting Principles are guidelines that cover the specifics, technicalities, and legality of corporate and business accounting. It contains a list of accepted accounting procedures to manage financial statements.
Therefore, in option D The concepts and rules that govern financial accounting practice are appropriate.
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Which account option offers a higher rate of return in exchange for deposits that are
larger than normal?
O Certificate of deposit
Checking
O Savings
Money market
Answer:
A Money Market Deposit Account is similar to regular savings account, but offers a higher rate of interest in exchange for larger than normal deposits. A Money Market Fund invests in low risk securities
Money market is the account option offers a higher rate of return in exchange for deposits that are larger than normal. Hence, option D is correct.
What is money market?A money market deposit account offers a greater rate of interest in exchange for larger deposits than usual, Similar to a standard savings account. A money market fund makes low-risk investments.
Commercial paper, call money, bills of exchange, promissory notes, trade credit, and certificates of deposit are the examples.
Thus, option D is correct.
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Although the world is a long way from the classical trade model, the general principle of comparative advantage is still valid, True False
The given statement is True.because it promotes efficiency and specialization in trade.
The general principle of comparative advantage is still valid in today's world, despite the significant changes in the global trade landscape. While the classical trade model may not fully capture the complexity of modern trade relationships, the underlying concept of comparative advantage remains relevant and applicable.
Comparative advantage is based on the idea that countries should specialize in producing goods and services in which they have a lower opportunity cost, relative to other countries. This allows for increased efficiency and productivity, leading to overall economic growth and welfare gains.
The principle recognizes that even if a country is not the most efficient producer of a particular good or service, it can still benefit from specializing in the production of goods or services in which it has a comparative advantage.
In today's interconnected world, where trade is influenced by factors such as technological advancements, global supply chains, and differing levels of development among countries, the application of comparative advantage may be more nuanced.
Countries often engage in trade based on their relative strengths, taking into account factors like skilled labor, natural resources, infrastructure, and technological capabilities.
Therefore,the given statement is true.
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As an economy increases its aggregate output toward full employment output, the level of wage and price stickiness in a sras curve:_______
The degree of wage and price stickiness in an SRAS curve diminishes as an economy moves closer to full employment in terms of aggregate output.
The total amount of production created and delivered in the economy over a specific period of time is known as aggregate output. The entire money earned by all economic output forces over a specific time period is known as aggregate income. The total amount of money that people and businesses make within the economy is known as aggregate income. The entire income is not adjusted for taxes or inflation. Aggregate income reveals how much money people and firms actually make, as opposed to aggregate output, which describes all the goods and services generated in an economy.
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Joel klippert says he pays himself last, after he pays his vendors and employees. explain this decision in terms of the principle of business profit. do you agree with his payment priorities?
Answer with Explanation:
Paying employees and the vendors is necessary because they are very important stakeholders of the company. The company must manage its vendors and must not surpass the agreed credit period and credit allowed. If the company is properly managing its vendors then it is most likely that the company will taking maximum benefit out of it by increasing its credit period or credit allowed amount or both. This lower the working capital investment and thus would save the cost of financing the working capital, and hence the business profit would be increased. This means that the effective management of vendors increases business profit.
On the other hand, if we are not paying the employees in time then it will lower the motivation of the employees which would affect their productivity as well. Hence it is better to keep them motivated because it increases it productivity and also lowers employee turnover.
The impact of these decision would might seem that it has decreased the profit but employee cost are both fixed cost (salaried) and variable cost (wages) which means the fixed will remain the same but if the wages are growing then it is a sign of increased production. Hence we must pay them in time irrespective of business profit.
Diego wants to buy a dirt bike. He borrows a $7,999 simple interest loan from the bank
for 36 months at an interest rate of 9.7%.How much simple interest will he pay
Answer:
$ 2,327.709
Explanation:
Only the principal amount is considered when calculating simple interest. In simple interest, the principal amount remains constant. The formula for simple interest is as I = p x i x t
where I = interest
P = principal amount ...
i= interest rate
t= time
For Diego, p= $7,999, i= 9.7% , t 36 months or 3 years
Diego will pay
I= 7999 x( 9.7/100) x 3
I= 7999 x 0.097 x 3
Diego will pay $ 2,327.709
deals with the challenges that a company
faces in the ever-changing business
environment
Answer:
Strategy.
Explanation:
Strategy can be defined as a coordinated deployment of a firm’s resources to achieve competitive advantage in the industry where it operates. Basically, it is a long-term plan of action that is focused on using a firm's available resources to achieve set objectives and goals such as includes dominating the market, expanding the business, meeting customer's demands etc.
Generally, the top executive management is saddled with the responsibility of ensuring that their business strategy is in tandem with the aim, objectives, vision and mission statement. A good business strategy is a continuous process that should function as a roadmap or guide to achieve competitive advantage, sustained profitability, growth and development of an organization.
Hence, strategy deals with the challenges that a company faces in the ever-changing business environment.
Additionally, the strategy formulated by an organization can be classified into the following categories; growth strategy, marketing strategy, product strategy etc.
Recall the four reasons some people favor trade restrictions. Give an example from the U.S. economy that you think best fits each reasons
Answer: See explanation
Explanation:
Trade restrictions simply means a way of protecting the local industries. This can be through imposition of tariffs on foreign goods, use of quota etc. The importance of trade restrictions are:
1. Trade restrictions are important in the protection of the infant indutries, that is, the young industries in a country that are just growing.
2. Trade restrictions is necessary to prevent dumping of goods. This mean selling of goods at lower prices or of low quality in a country. This gives such products an unfair advantage over other goods produced in the home country.
3. Trade restrictions is vital on order to protect the strategic indutries.
4. Trade restrictions is also vital in order to protect the jobs of the people in the country. When goods are imported rather than supporting local businesses, this can lead to unemployment as workers will lose their jobs.
Political Culture tells us the attitudes, beliefs and behaviors of people within a state and shape political beliefs. It tells us the role of government and lobbyist. True or False
Political Culture tells us the attitudes, beliefs and behaviors of people within a state and shape political beliefs. It tells us the role of government and lobbyist. True.
Political culture is defined as the collection of beliefs, values, attitudes, norms, expectations, and behaviors shared by a group of people, which are reflected in their political activities and institutions. Political culture varies from one region to another, and even from one country to another; it is generally shaped by a variety of historical, economic, social, and political factors.In particular, political culture tells us about the attitudes, beliefs, and behaviors of people within a state and shapes their political beliefs.
Political culture can help to explain how and why certain political decisions are made, why some policies are more popular than others, and why people tend to vote for particular political parties or candidates.In addition, political culture helps to define the role of government and lobbyists, as well as the relationship between the two. It can help to explain why some groups are more successful in influencing political decision-making than others, and why some policies are more effective than others.Overall, political culture is an essential component of any political system, as it helps to shape the political beliefs and behaviors of the people within that system. Political culture plays a significant role in determining the success or failure of a political system.
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Pappy sent an identical instant message to two members of his team about the deadline for a report. One recipient felt Pappy was criticizing him and anticipating that he would miss the deadline. The other recipient appreciated the reminder and was grateful for Pappy's organizational skills.
Required:
What is the best option for Pappy in order to avoid future misinterpretation of his instant messages?
Which of the following best describes the objectives of the Monetary Policy?
a. controlling banks over our currencies
b. controlling household money in circulation
c. controlling the firm's money in circulation
d. managing or manipulating the money supply in the economy
Answer:
d. managing or manipulating the money supply in the economy
Explanation:
i feel like it's D
Answer:
d. managing or manipulating the money supply in the economy
Carter is a salesman with great hoops, inc. His boss tells him that the company needs more buyers for its inflatable basketball hoops. Carter decides to open up the phone book and start calling businesses to determine their interest in his product. This is typical of which stage in the selling process?.
The activity described where Carter opens up the phone book and starts calling businesses to determine their interest in the inflatable basketball hoops is typical of the "Prospecting" stage in the selling process.
Prospecting is the first stage in the selling process where the salesperson identifies potential customers or prospects who might be interested in the product or service they are offering.
It involves searching for potential buyers through various means such as cold-calling, using online databases, attending networking events or seeking referrals.
In Carter's case, he is using the phone book to identify potential businesses to approach and gauge their interest in purchasing the inflatable basketball hoops. Once he identifies potential leads, he will move on to the next stages of the selling process such as qualifying leads, making sales presentations, handling objection and closing deals.
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in the past, kohl’s has been losing sales to amazon. why then would it enter into a partnership with one of its most fierce competitors?
Kohl’s will want to enter into a partnership with Amazon with hopes of increasing its store traffic by bringing Amazon customers in.
Partnership is basically the coming together of two of more companies or individual with a common goal.
Let bear in mind that Partnership is different from Acquisition or Merger because each owner is entitled to their share of profit.
Through this partnership, Kohl's and Amazon will both benefit from the arrangement.
Currently, Kohl's has a large number of physical stores which Amazon has no access to. So therefore, Kohl's will benefits from Amazon's strong online customer base.
Therefore, Kohl’s will want to enter into a partnership with Amazon with hopes of increasing its store traffic by bringing Amazon customers in.
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You were recently given an old notebook computer that is missing most of its peripherals and accessories. You need to obtain the components necessary to allow you to efficiently perform your job both at the office and while traveling. You would like to purchase as many of the necessary accessories and peripherals as possible from a local computer store, where your company has an account. Which accessory or peripheral will you most likely have to obtain directly from the notebook manufacturer because of its highly proprietary nature?
Answer:
docking station
Explanation:
The docking station refers to a device in which the laptop, computer system, mobile device or other peripheral devices are used for charging in order to give access to a power supply
The accessory or peripheral that you should receive from the manufacturing of the notebook contains highly proprietory nature is a docking station and this is also a drawback of it
Hence, the fourth option is correct
You go to buy a boat and the advertised loan interest rate is
7.72% compounded monthly for 5 years. What is the
nominal interest rate?
The nominal interest rate is the interest rate that is advertised or stated, without taking into account compounding. In this case, the nominal interest rate is 7.72%.
However, it is important to note that the effective interest rate, or the actual amount of interest you will pay over the course of the loan, will be higher than the nominal rate due to the compounding of interest. The effective interest rate can be calculated using the formula:
Effective interest rate = (1 + nominal interest rate / number of compounding periods) ^ number of compounding periods - 1
In this case, the effective interest rate would be:
Effective interest rate = (1 + 0.0772 / 12) ^ 12 - 1 = 0.0804 or 8.04%
So, while the nominal interest rate is 7.72%, the effective interest rate is 8.04%.
It is important to be aware of both the nominal and effective interest rates when taking out a loan, as they will both impact the amount of interest you will pay over the course of the loan.
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Define the following:
1. Allocation of resources
2. Economic system
3. Market economy
1. Allocation of resources
apportionment of productive assets among different uses.
2. Economic system
by which societies or governments organize and distribute available resources, services, and goods across a geographic region or country.
3. Market economy
an economic system where two forces, known as supply and demand, direct the production of goods and services.
eg: US, Japan
For an investor seeking a tax sheltered investment, the primary advantage of a real estate direct participation program is the: A high level of liquidity provided by the investment B ability of the program to generate losses for tax purposes but provide positive cash flow C ability to offset passive losses generated by the program against the investor's earned income D ability of the program to generate increasing losses until liquidation Review
A ship total weight is equal to the weight of the water it displaces. If you want to calculate the ship weight you must first know
In order to calculate the weight of the ship, it is essential to know the the volume of the part of the ship that lies below the water's surface. Thus, option (C) is correct.
What is Volume?Volume is the scalar quantity of any object that specified occupied space in 3 dimensions. For example, the space in our room is referred to as volume.
The determination of the weight of the ship, the volume of the component of the ship that rests beneath the water's surface, must be known. Therefore, it can be concluded that option (C) is correct.
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Your question is incomplete, but most probably the full question was….
a. The volume of water in the lake or ocean in which the ship is floating.
b. the volume of the entire ship.
c. the volume of the part of the ship that lies below the water's surface.
d. All of the above
If juul simply settled on suspending all broadcast, print, and digital product advertising in the united states instead of finding other, more creative solutions to the youth vaping epidemic, they would be exercising.
It can be inferred If Juul simply settled on suspending all broadcast, print, and digital product advertising in the united states instead of finding other, more creative solutions to the youth vaping epidemic, they would be exercising "satisficing." (Option A)
What is Satisficing?Satisficing is a decision-making method that seeks satisfactory rather than perfect results. Customers typically pick a product that is adequate rather than exceptional, a practice known as satisficing.
One disadvantage of satisficing is that no clear definition of what makes an adequate or tolerable result exists. And, rather than exploring alternative, more imaginative solutions to the adolescent vaping problem, Juul would be satisfied if they just halted all broadcast, print, and internet product advertising in the United States.
The problem does not stop because of terminated advertisements.
Cognitive heuristics, cognitive science, and neuropsychology all contribute to the notion of satisficing. It is used in a variety of domains, including business, artificial intelligence, and sociology.
When faced with a multiplicity of options for a certain requirement, a buyer would choose a product or service that is "good enough," rather than wasting effort and money on finding the best possible or optimal decision.
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Full Question:
If Juul simply settled on suspending all broadcast, print, and digital product advertising in the United States instead of finding other, more creative solutions to the youth vaping epidemic, they would be exercising
Multiple Choice
satisficing.
escalation of commitment.
intuition.
hubris.
groupthink
Keira is excited that her favorite brand of running gear has released a new hoodie in the company’s trademark color. Keira probably has a strong ________blank with this company.
Keira is thrilled that her preferred brand of athletic apparel has introduced a new sweatshirt in the logo color of the business. Keira most likely has a positive brand association with this business.
An association between your brand and a concept, image, emotion, experience, person, interest, or activity is known as a brand association. Purchase decisions are significantly influenced by this association, which might be immediately favorable or unfavorable.
When a person thinks of a brand, brand associations—such as "soft" for Cottonelle or "athletics" for Nike—come to mind.
The brand association aids in recalling your company's name and distinctive features, such as those that set you apart from your rivals. The brand association offers clients ideas, images, and attitudes that can aid in the brand recall by developing familiarity and strengthening recognized traits.
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How do you feel about the pandemic? Vaccinations? Masks?
Answer: Pandemic: awful. Vaccine: useful; get it. Masks: not really required, your still breathing your air, just through tiny gaps in fabric.
Explanation:
just my opinion.
which of the following insurance products is considered a covered product under aml laws? a auto insurance b a fixed annuity c term life insurance d health insurance
Term life insurance is considered a covered product under AML (Anti-Money Laundering) laws.
Insurance products that are considered "covered products" under AML laws are those that have a cash value or investment component, such as fixed or variable annuities, whole or universal life insurance, and endowment policies.
These products have investment or cash value features and can be used to launder money or conceal the proceeds of illegal activities. Therefore, insurance companies and agents who sell these products are subject to AML regulations and are required to implement appropriate AML programs to prevent money laundering and terrorist financing activities. Auto insurance and health insurance, on the other hand, are not typically considered covered products under AML laws as they do not have an investment or cash value component.
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how is an impairment loss recognized on the financial statements for a cost method equity investment? in other comprehensive income in current earnings deferred until recoverable impairment losses are not recognized on cost method investments.
Impairment losses are not recognized on cost method investments.
What exactly is an impairment loss?When an asset's fair value decreases, an impairment loss is a recognised decrease in the asset's carrying amount. The difference is written off when an asset's fair value falls below its carrying value. Impairment typically involves an abrupt reduction in value. It may occur from unforeseen causes like a financial catastrophe or natural calamity. Depreciation is the anticipated decline in market value brought on by ordinary wear and tear. For instance, once an automobile leaves the dealership, it automatically depreciates.
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Briefly analyse the role of the public manager by indicating his/her role in directing all resources towards achieving strategic objectives
The role of the public manager is to plan, organize, direct and control organizational resources to achieve strategic objectives.
What are the responsibilities of public managers?It is a professional responsible for managing resources in order to satisfy the needs of a public, as in governmental institutions whose objective is to promote public health and safety.
Therefore, a public manager must be able to analyze the needs and manage an organization effectively to achieve the objectives determined by planning.
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A bond currently trades at a price of $935.94 in the market. The bond offers a coupon rate of 9%, paid annually, and has a maturity of 8 years. Face value is $1,000. What is the bond's Current Yield
The bond's current yield is 9.62%. This is calculated by dividing the annual coupon payment of $90 by the market price of $935.94 and multiplying by 100.
The current yield is a measure of the return an investor can expect from a bond based on its current market price. It represents the annual interest income relative to the bond's price. In this case, with a coupon rate of 9% and a market price below the face value, the current yield is higher than the coupon rate. This indicates that the bond is trading at a discount, as the market yield is higher than the bond's coupon rate. Investors can use the current yield to compare different bonds and assess their relative attractiveness in terms of income potential.
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Question 10 of 10 Which of the following best describes what a manager does? A. Influences others to purchase certain goods from certain stores B. Works for a company and produces resources to make a product C. Combines an idea, a plan, and various resources to start a new business D. Makes sure that a company is using its resources in a way that helps it meet its goals
Answer:
d: makes sure that a company is using its resources in a way that helps it meet its goals.
Explanation:
the manager is the one that has the staff and everyone be apart of thats goals and asks thwm what type of goals they want to achieve to make the company better, but the manager is the one that makes sure they make all there deadlines towards there goals.
why is the national government proritis ing the rebuilding of KZN infrastucture destroyed by the 2021 July unrest and the recent floods despite the financial costs being very high
The National Government has prioritized rebuilding the KwaZulu Natal infrastructure because The KwaZulu Natal roads are crucial to the economy of South Africa.
Infrastructure is a structure or engineering edifice that serves the common good of the residents of a place or a country.
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An executive manager went to an important meeting. The secretary in the office receives a call from a person claiming that the executive manager is about to give an important presentation but the presentation files are corrupted. The caller sternly recommends that the secretary email the presentation right away to a personal email address. The caller also states that the executive is holding the secretary responsible for the success of this presentation. Which type of social engineering tactic would describe this scenario
Answer:
intimidation
Explanation:
Intimidation is intentional behavior in which the person fear to the other person or injury to the other person. Here the victim is to be considered for taking an actions
Since in the given question it is mentioned that the caller tell that the executive would be held responsible for the success of the presentation
So the given situation represent the intimidation scenario
The same would be relevant