To determine the price range of houses the Johnsons should consider, we need to find the loan amount they can afford. This can be calculated using the monthly payments they can make and the interest rate. The price range will be the range between the maximum and minimum loan amounts.
Explanation:The Johnsons have accumulated a nest egg of $50,000 that they intend to use as a down payment toward the purchase of a new house. To take advantage of the tax deduction, they want to invest a minimum of $2800/month, but their monthly payments should not exceed $3400 due to other financial obligations. Assuming a local mortgage rate of 5.5% compounded monthly for a conventional 30-year mortgage, we can calculate the price range of houses they should consider.
To determine the price range, we need to find the loan amount they can afford. The maximum loan amount is based on the monthly payments they can make and the interest rate. Let's say the loan amount is x. Using the formula to calculate the monthly payment of a mortgage, we can set up the following equation: x * 0.055/12 / (1 - (1 + 0.055/12)^(-30*12)) = $2800. Solving this equation will give us the maximum loan amount.
On the other hand, the monthly payment should not exceed $3400. Solving the same equation with a monthly payment of $3400 will give us the minimum loan amount.
The price range of houses they should consider will be the range between the maximum and minimum loan amounts.
The effect of bulky or heavy products on transportation costs can make _______ an inappropriate strategy.
Transportation costs can make exporting an inappropriate strategy.
If a product is bulky or heavy, because of its weight or mass the transportation costs will obviously increase and make it more expensive, and unless the product carries an extraordinary high value-to-weight ratio the exporting strategy will be considered the least effective.
"what are the four major variables used to segment consumer markets?"
Some have believed that emotional intelligence (EQ) is a better predictor for success then a general intelligence (IO). Do you believe this is true, why or why not?
Ch.11 what are the four characteristics used to classify retailers?
How do property rights benefit entrepreneurs?
by enabling them to purchase capital and use it as they see fit
by allowing them to use their employees’ property
by facilitating the use of public property for private businesses
by freeing unused public land for commercial purposes
by letting them display advertisements on public property
Property rights benefit entrepreneurs: By enabling them to purchase capital and use it as they see fit.
What is property right?Property right can be defined as the legal right given to a person to do whatsoever they want with their property.
Property right is important for entrepreneurs or business owner as it enables them to buy capital tom use for their business and give them the access to use the capital to do whatsoever they want for their business without any hinderance.
Inconclusion property rights benefit entrepreneurs: By enabling them to purchase capital and use it as they see fit.
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Suppose that jerry and co. grants terms of 2/10, n/30 related to a sale on june 5 and on june 12 the customer pays the remaining $250 bill. jerry and co. would record the receipt of the payment as
What information is provided by the uninoculated control in nitrate reduction test?
Five-year-old lilah is beginning to show signs of being able to plan ahead in a somewhat rational manner. at her age, this development is likely due to the growth of neural networks in her _____ lobes.
Cody and debora enter into an oral contract under which cody agrees to work on debora's ranch for not less than ten days. this contract is enforceable by
He system of preparing financial statements based on recognizing revenues when the cash is received and reporting expenses when the cash is paid is called:
A soda pop company offers a discount to a grocer. in exchange, the grocer agrees to provide in-store advertising for the soda pop and additional sales-support. this is an example of __________.
In codes issued to organizations by the north american industry classification system:
Problem page at a sale this week, a desk is being sold for $228.80 . this is a 74% discount from the original price. what is the original price?
From 1960 until 2012, the long-run average rate of inflation in the united states was
C. 4 percent. From 1960 until 2012, the long-run average rate of inflation in the united states was 4 percent.
From 1960 to 2012, the United States experienced a relatively stable period of economic growth, with inflation averaging around 4 percent per year. This means that, on average, prices for goods and services increased by 4 percent each year, which is a moderate rate of inflation.
This rate is considered healthy for the economy, as it indicates a growing economy with increasing demand for goods and services. It is also considered manageable, as it does not erode the purchasing power of consumers too quickly.
The Federal Reserve, the central bank of the United States, aims to keep inflation within a target range of 2-3 percent, but a 4 percent average over several decades is still considered relatively low and stable. This period of moderate inflation allowed the US economy to experience steady growth, with occasional fluctuations, without experiencing extreme price increases or decreases.
Although part of your question is missing, you might be referring to this full question as follows:
From 1960 until 2012, the long-run average rate of inflation in the United States was :
about 8 percent. less than 1 percent. about 4 percent. negative. about 12 percent
Which of the following is a true statement? A. All states have a progressive state tax. B. State income tax is an optional deduction. C. Certain states have a flat state tax. D. Most states have no state income tax.
Certain states have a flat state tax of the following is a true statement. The correct option is C.
What is the disadvantage of a flat tax?Lack of wealth redistribution, the increased burden on middle-class and lower-income families, and tax rate wars with neighboring nations are some disadvantages of a flat tax rate system.
Lack of wealth redistribution, the increased burden on middle-class and lower-income families, and tax rate wars with neighboring nations are some disadvantages of a flat tax rate system. There are nine states with a flat income tax rate for the 2022 tax year, which corresponds to the return you file in 2023. Colorado, Illinois, Indiana, Kentucky, Massachusetts, Michigan, North Carolina, Pennsylvania, and Utah are among these.
Thus, the ideal selection is option C.
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What is the present value of $100 to be deposited today into an account paying 8.0%, compounded semi-annually for two years?
Giving the following information:
Initial Investment (PV)= $100
Number of periods (n)= 4 semesters
Interest rate (i)= 0.08/2 = 0.04 compounded semiannually
The investment varies with the interest earned over time. Therefore, the present value of the investment is $100. No time has passed.
Now, if we want to calculate the future value two years from now, we need to use the following formula:
FV = PV*(1 + i)^n
Replacing,
FV= 100*(1.04^4)
FV= $116.99
Developing effective marketing communications starts with __________.
While a valuable planning tool, a problem with using the bcg matrix centers is that it focuses on ________?
The answer is letter B. The Present instead of the future. The BCG Matrix or also known as the Boston Consulting Group’s Product Portfolio Matrix is a valued planning tool, yet the problem with this tool is that, it focuses on the present plans instead of future plans as well. The BCG Matrix helps a business grow in different and various opportunities by reviewing the business’s portfolio of different products, to help decide where to invest, what product should be developed further or what product should be pulled out or discontinued. The BCG Matrix can also be referred to as the Growth/Share Matrix.
The most difficult stage of teamwork is ____.
Forming
Storming
Norming
Preforming
Answer:
Storming
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Explanation:
When the cost and benefits of a policy are narrowly concentrated, they ar?
Which of the following are fast ways of improving your credit score (within 60 days)? Settle up any delinquent accounts with creditors and ask them to report the account as Paid As Agreed Cancel all credit cards Dispute any errors on credit reports Check credit limits in credit report for accuracy and make sure that they are not listed lower than they actually are All answers can quickly improve credit score All answers except cancelling credit cards can quickly improve credit score
Based on skill level what category of worker is this want ad seeking
Based on the given ad, the answer is professional category of worker. Since, the ad seeks a special education teacher and includes the signing bonus and other job requirements in order to apply for the job, which is why the ad is considered to be a professional category of worker.
The principle that is used to measure the amount assets are to be recorded at when exchanged is called the ______ principle.
Kyle works for national sporting goods, where he manages critical data elements, such as identifying and acquiring new data sources, creating consistent reference data, and analyzing data for quality. kyle is a
In the "promoting leadership effectiveness" model, what is a listed goal at the interpersonal level?b
Where does the sun remain above the horizon all day (never setting) on the december solstice?
Solstitium is a Latin
word from where the term solstice came. This means 'the Sun stands still'.
The reason for this is because on this day, the Sun reaches its southern-most
position as seen from the Earth. The Sun seems to stand
still at the
Tropic of Capricorn and then reverses its direction. It's
also common to call it the day the Sun turns around.
How can a modified free enterprise system change over time in terms of the degree to which it considered "modified"?
The modified free enterprise system changes over time as the balance between market freedom and government regulations adjusts to political, economic, and societal shifts. Historical events and future challenges, such as technological and global changes, will continue to influence the degree of modification.
Explanation:The concept of a modified free enterprise system is essentially about finding the right balance between the market freedom and government regulations. In a modified free enterprise, the government plays a role in the economy to correct market failures, provide public goods and services, and ensure economic stability and growth. Over time, the extent to which a system is considered "modified" can change due to shifts in political ideologies, economic conditions, and societal values. For example, during a crisis like a financial meltdown, the government may intervene more heavily in the economy. Conversely, during periods of strong economic growth, there may be movements to deregulate and reduce government involvement.
Historically, the degree of modification in the free enterprise system has been fluid. A century ago, the United States economy was less regulated than it is today. However, events such as the Great Depression led to the New Deal era with significant government intervention. As economies evolve and various challenges arise, the modifications in a free enterprise system will likely continue to be dynamic. Moreover, economists predict that economic systems will need to adapt to future challenges such as technological advancements, globalization, and environmental concerns, which may require changes in the balance between market forces and governmental regulation.
True or false. hospital bylaws define the process for documentation within a health record for all members of the workforce.
Hospital medical staff by-laws are critical. Governing board of a hospital can by them confers on the staff the ability to set up a type of association by which that staff can give affirmation of quality clinic medicinal care.
Registered nurses:
Select the choice that best answers the question.
a.diagnose illnesses and injuries while providing care and medicine
b.specialize in the treatment of medical conditions through operations
c.administer drugs to patients
d.assist physicians and provide medical care on their own
If your target audience is parents, what should you do in your ad for maximum appeal? show them your product is elegant show them your product has value show them your product is exciting show them your product is fun