In January of 2020, Wella and Kip agreed to purchase a home at a purchase price of $546,300. They would like to hold onto as much of their savings as they can, but they have chosen to make a down payment sufficient enough to qualify for a conforming loan. What is the minimum down payment they can make to reach the conforming loan limit but still retain savings

Answers

Answer 1

Answer:

$35,900

Explanation:

The computation of the down payment is as follows:

= Purchase price of the home - loan limit

= $546,300 - $510,400

= $35,900

Hence, the minimum down payment they can make to reach the conforming loan limit but still retain savings is $35,900

The same is to be considered by applying the above formula


Related Questions

Relationship between technology and technical profession with example

Answers

Answer:

A technical position will use technology. For example, a programmer will utilize computer languages such as Java to write code to run on a variety of devices: cell phones, tablets, and laptops. A knowledge of how thinking and hardware interact is absolutely necessary.

Suppose the frozen pizza market is in equilibrium. A recession causes local household incomes to decline. Assuming that frozen pizza is an inferior good, we can predict that the price of frozen pizza will _____ and the quantity of frozen pizza bought and sold will _____.

Answers

Answer:

increase

increase

Explanation:

Inferior goods are goods whose demand falls when income rises and increases when income falls.

If frozen pizza is an inferior good, a decrease in income will increase the demand for frozen pizza. this would lead to an increase in price and quantity

On July 1, 2016, the Olympic Company had an accounts receivable balance of $40,000. During the month, the company made additional sales of $30,000 on account and collected $48,000. On July 31, the accounts receivable balance is:

Answers

Answer:

$22,000

Explanation:

Calculation for the accounts receivable balance

Using this formula

July 31 Accounts receivable balance=Opening Balance of Account Receivables + Credit Sales made – Cash Collection

Let plug in the formula

July 31 Accounts receivable balance=$40,000+$30,000-$48,000

July 31 Accounts receivable balance=$22,000

Therefore July 31 Accounts receivable balance is $22,000

The decline in the popularity of clothing made from animal fur has enticed large department stores like J. C. Penney and Sears to discontinue sales of animal-fur products. How does discontinuing sales of these products by J.C. Penney and Sears affect the animal-fur clothing market

Answers

Answer:

Explanation:

What you are describing is a change in demand. First there was a change in the retail industry. When that happened, the demand from the big retailers went down. The wholesalers then cut back on what they bought from the people making the garments made out of fur.

It then hit the trapper who made his living from trapping wild animals. There was a chain reaction most felt by the trapper.

On August 1, Suba Company purchased computer equipment for $10,000 cash and also gave 100 shares of XYZ common stock that Suba Company held as an investment. The XYZ common stock cost Suba Company $5,000 and on August 1 had a fair value of $4,200. The installation costs for the computer equipment were $700 and shipping costs were $500. What amount should be the total amount debited to the computer equipment account

Answers

Answer:

the amount that debited to purchased cost is $15,400

Explanation:

The computation of the total amount debited to the computer equipment account is as follows:

= Purchase cost + fair value + installation cost + shipping cost

= $10,000 + $4,200 + $700 + $500

= $15,400

Hence, the amount that debited to purchased cost is $15,400

The same is relevant and considered

A goal is defined as the result or success toward which effort is directed.
O True
O False

Answers

Answer:

true

Explanation:

the answer is true
explanation:just trust

A U.S.-based firm is planning to make an investment in Europe. The firm estimates that the project will generate cash flows of 100,000 euros after one year. If the one-year forward exchange rate is $1.50/euro and the dollar cost of capital is 8%, what is the present value (PV) of the project cash flows?

Answers

Answer:

the present value of project cash flows is $138,888.89

Explanation:

The computation of the present value of project cash flows is shown below

Value of €100,000 in US $ in one year is

= €100,000 × $1.50

= $150,000

Now the Present value is

= Payment × (1 ÷ (1 + rate of interest)^number of years)

= $150,000 × (1 ÷ (1 + 8%)^1)

= $138,888.89

Hence, the present value of project cash flows is $138,888.89

Casey buys 6.5 yards of blue fabric and 5.5 yards of red fabric. If the blue and red fabric cost the same amount per yard, and Casey pays $60 for all of the fabric, what is the cost per yard

Answers

Answer:

the cost per yard is $5

Explanation:

The computation of the cost per yard is as follows;

= Total cost for all of the fabric ÷ total number of yards

= ($60) ÷ (6.5 yards + 5.5 yards)

= $60 ÷ 12 yards

= $5 per yard

hence, the cost per yard is $5

We simply divided by the Total cost for all of the fabric from the  total number of yards so that the cost per yard could come

Hence, the same is to be relevant

The demand for money curve shows that there is an inverse relationship between interest rate and
A.quality of money supplied
B. Price level
C. Gross domestic products
D.quantity of money demanded

Answers

Answer:

D.quantity of money demanded

Explanation:

Just is

Answer:

quality of money supplied is the answer

In the liquidity trap a small change in interest rates produces ________ change in the quantity of money demanded. A) a small B) no C) a proportionate D) a very large

Answers

Answer: D. A very large

Explanation:

Liquidity trap is when an expansionary monetary policy that is a situation when there's an increase in money supply does not stimulate the economic growth.

Due to this, the public prefers to hold on to the money that they've. Therefore, in the liquidity trap a small change in interest rates produces a very large change in the quantity of money demanded.

What principle of value states that if the increase in the value of the real estate is more than the cost to renovate, the sellers would financially benefit by doing the renovation?

Answers

Answer: Principle of contribution

Explanation:

The principle of value states that if the increase in the value of the real estate is more than the cost to renovate, the sellers would financially benefit by doing the renovation is referred to as the principle of contribution.

According to the principle of contribution, the worth of an improvement of a property has to do with its addition or contribution the the property's market value and not the cost of the improvement done.

You write a short story, but you want to make sure your work is protected before you post it online. What should you do to help protect your copyright? (Site 1)

Answers

Answer:

You can add the Copyright symbol. And write a notice below your work saying that if a person has to copy or copy-and-change your work, they should contact you or something. Make sure you leave you email [If you wanna.] And if you see your work any where else, just report the person or talk it out with them.

Explanation:

The output effect means that a firm will ______. Multiple choice question. sell more of one input when the price of another input falls and less of that particular input when the price of the other input rises purchase more of one input when the price of another input falls and less of that particular input when the price of the other input rises purchase less of one input when the price of another input falls and less of that particular input when the price of the other input rises purchase more of one input when the price of another input rises and less of that particular input when the price of the other input rises

Answers

Answer: Purchase more of one input when the price of another input falls and less of that particular input when the price of the other input rises

Explanation:

The Output effect is meant to explain what happens when the price of an input changes. If an input price increases for instance, production costs will rise and the company will have to buy less of other inputs to keep costs stable.

Conversely, if the price of other inputs fall, the company will see production costs fall which will enable them to purchase more of inputs which didn't change in price.

The demand for money curve shows that there is an inverse relationship between interest rate and
A.quality of money supplied
B. Price level
C. Gross domestic products
D.quantity of money demanded

Answers

Answer:

D.quantity of money demanded

Explanation:

Demand for money refers to the people's preference to hold liquid assets and opposed to physical assets. People demand money for immediate purchases or to store to spend it later. The demand curve for money demonstrates the inverse relationship between the quantity demanded of money and the interest rate. The curve slope downwards from the top right corner illustrating how demand increases as interest rates decline.

What program would be likely to help a person prepare for teacher certification?
O a master's degree in Psychology
O a bachelor's degree in Education
O a one-year technical school certificate
O an associate degree from a community college

Answers

Answer: The answer is a bachelor’s degree in Education.

Explanation:

To help a person prepare for teacher certification is likely program is a bachelor's degree in Education.

A Bachelor of Education (B. Ed.) is a professional undergraduate degree that qualifies graduates to work as teachers in educational institutions.

In other nations, like Tanzania and Kenya, the student must do additional activities like fieldwork and research in order to be completely qualified to teach.

Tests for the licenses or certificates necessary for instructors in some places may also be administered concurrently with or after it.

Therefore, the correct option is "a bachelor's degree in Education".

To know more about the bachelor's degree in Education, visit:

https://brainly.com/question/14197325

#SPJ2

Which Energy career pathways work with renewable energy? Check all that apply.
O Energy Conversion
O Energy Generation
O Energy Analysis
O Energy Transmission
O Energy Distribution

Answers

Energy Transmission, Energy Distribution, Energy Conversion, and Energy Analysis.

Answer:

Energy Generation,  Energy Transmission, & Energy Distribution

Explanation: I think this is correct

A ___ liability company is a business structure that gives its owners the benefits of two types of business structures.
_____ partnership is a basic form of partnership that holds all the owners equally liable for any business debts that it might face.

Answers

Answer:

A limited liability companyA general partnership

Explanation:

A limited liability company LLC blends the features of a corporation and a sole proprietorship. An LLC requires a minimum of a person to form and has no upper limit.

Members of the limited liability enjoy the limited liability feature of a corporation. It means their obligations to the company's debts is limited to the level of capital contribution. If the company is liquidated, members will only lose their capital contribution. A limited liability company 'passes' its income as the income of members. The LLC does not have to file income tax returns just like a sole proprietorship business. Only owners of LLC are expected to file individual income tax returns.

A general partnership is a business structure made up of two or more partners. A general partnership is unincorporated, meaning the owners have unlimited liabilities to the debts of the business. Legally, the debts and assets of the general partnership belong to the partners.

Darcy is a new manager in a large consulting firm. As one of her first task she needs to set goals for her team

Answers

Answer: Bottom-up

Explanation:

Bottom-up also known as top down approach, is the approach of going from general to the specific, also from specific to the general. They are possible approach for a wide range of endeavors such as goal getting, forecasting and setting busgets

Darcy can use the Bottom-up approach to set up her team.

A company's board of directors votes to declare a cash dividend of $.75 per share of common stock. The company has 15,000 shares authorized, 10,000 issued, and 9,500 shares outstanding. The total amount of the cash dividend is:

Answers

Answer:

The total amount of the cash dividend is $7,125

Explanation:

The Dividend is declared to pay all the outstanding shares in the market. Sometime the company has some treasury shares in the stocks which is deducted from the total issued shares to find the outstanding shares. In this case, the issued shares and the outstanding numbers of shares are different.

Treasury shares are those shares that are bought back by the company that issued the shares.

Use the following formula to calculate the cash dividend

Cash Dividend = Numbers of outstanding shares x Dividend rate

Where

Numbers of outstanding shares = 9,500 shares

Dividend rate = $0.75 per share

Placing values in the formula

Cash Dividend = 9,500 x $0.75 per share

Cash Dividend = $7,125

Lance runs a staffing service in which his main job is transporting workers to and from various jobsites. His van can carry up to 12 people at a time, and he is worried about getting hit by a driver who does not have enough liability insurance to cover all of his passengers. Which additional coverage could help pay for injuries to his passengers if this were to happen

Answers

Answer: Uninsured And Underinsured Motorist Coverage

Explanation:

Uninsured and Underinsured motorist coverage will help Lance pay for injuries to his passengers should he be hit by a driver that has no car insurance or an insufficient liability insurance.

Strictly speaking, Underinsured Motorist coverage is the right coverage to get as it deals with situations where the offending driver has insufficient liability coverage while uninsured is motorist coverage is when the offending driver has no liability coverage at all.

Uninsured and underinsured are bundled together in a lot of states however so Lance can either get both or just Underinsured coverage if he can.

is carriage inward
debit or credit​

Answers

Answer:

From the buyer's point of view, the delivery charge would he referred to as “carriage inwards”. Any such carriage charges should be debited to the carriage inwards account in the general ledger. The carriage inwards account is written off to the trading account at the end of the accounting period.

Explanation:

Carriage inwards refers to the transportation costs required to be paid by the purchaser when it receives merchandise it ordered with terms FOB shipping point. Carriage inwards is also known as freight-in or transportation-in. Carriage inwards is considered to be part of the cost of the items purchased.

The outer edge of a circular running track is 330m long. If it is widened by 7m all around, find the cost of widening it at 8 per square metre.​

Answers

Answer:

Here given that perimeter of circular running track =330m

Let radius=r

As we know that in a circle

[tex]{\boxed{\sf Perimeter=2\pi r}}[/tex]

Substitute the values

[tex]\qquad \quad{:}\longmapsto\tt 2\times\dfrac {22}{7}×r=330 [/tex]

[tex]\qquad \quad{:}\longmapsto\tt \dfrac {44}{7}r=330 [/tex]

[tex]\qquad \quad{:}\longmapsto\tt r=\dfrac {330×7 }{44}[/tex]

[tex]\qquad \quad{:}\longmapsto\tt r=\dfrac{2310}{44}[/tex]

[tex]\qquad \quad{:}\longmapsto\tt r=52.5 [/tex]

[tex]\therefore\sf r=53m (Approx)[/tex]

Again

[tex]{\boxed{\sf Area=\pi r^2 }}[/tex]

Substitute the values

[tex]\qquad \quad{:}\longmapsto\tt Area=\dfrac{22}{7}×(53)^2 [/tex]

[tex]\qquad \quad{:}\longmapsto\tt Area=8828.2m^2 [/tex]

[tex]\therefore\sf Area=8828m^2 (Approx)[/tex]

Now

the radius is increased by 7m

Hence

New radius=(x+7)m=53+7=60m

New Area=

[tex]\qquad \quad{:}\longmapsto\tt \pi. r^2 [/tex]

[tex]\qquad \quad{:}\longmapsto\tt \dfrac {22}{7}(60)^2 [/tex]

[tex]\qquad \quad{:}\longmapsto\tt \dfrac {22}{7}×3600 [/tex]

[tex]\qquad \quad{:}\longmapsto\tt 11314.28m^2 [/tex]

[tex]\therefore\sf AREA=11314m^2 (Approx).[/tex]

now

Area of widened Area=New area-Old Area

[tex]\qquad \quad{:}\longmapsto\tt 11314-8828 [/tex]

[tex]\qquad \quad{:}\longmapsto\tt 2486m^2 [/tex]

Cost of widening per square=8

Total cost=

[tex]\qquad \quad{:}\longmapsto\tt 2486×8 [/tex]

[tex]\qquad \quad{:}\longmapsto\tt 19888[/tex]

[tex]\therefore\sf Total\:cost\:is\: 19888.[/tex]

Can't understand the attachment?

Here is a latex diagram for your question.

[tex]\Huge\downarrow [/tex]

[tex]\setlength{\unitlength}{1cm}\begin{picture}(0,0)\thicklines\qbezier(2.3,0)(2.121,2.121)(0,2.3)\qbezier(-2.3,0)(-2.121,2.121)(0,2.3)\qbezier(-2.3,0)(-2.121,-2.121)(0,-2.3)\qbezier(2.3,0)(2.121,-2.121)(-0,-2.3)\qbezier(1.2,0)(1.121,1.121)(0,1.2)\qbezier(1.2,0)(1.121,-1.121)(0,-1.2)\qbezier(0,-1.2)(-1.121,-1.121)(-1.2,0)\qbezier(-1.2,0)(-1.121,1.121)(0,1.2)\put(-0,0){\vector(-1,0){2.3}}\put(0,0){\vector(0,1){1.2}}\put(-1.7,0.2){$\bf (x+7)m$}\put(0.2,0.3){$\bf x m$}\end{picture}[/tex]

the role of the develpoed nation in helping the developing nations for sustainable develpoment of natural resources???pls help.

Answers

Answer:

Developed nations have an economic and moral responsability to help developing contries achieve sustainable development goals not only because developed nations have more money, but also because they are the main originators of climate change.

For this reason, developed nations should give funds to developing nations in order to fund projects such as solar, wind, geothermal, and nuclear power plants, and they should also provide technical assistance, since the population of developed nations tends to be more educated than that of developing nations.

Which type of facility layout is seen in the given example? George works as an operations manager for a machine manufacturer. With the help of George's advice, the manufacturing plant has installed a separate set of machines for various processes, such as shearing, milling, drilling, and packing the product. The business is thus using _________ a layout

Answers

Answer: process

Explanation:just did the test on edmentum

Answer:

process

Explanation:

plato edmentum answer

Which sales channel incentivizes every member of its network?

Answers

Answer:

Channel incentives are a behavioral modification tool that influence channel partners – such as dealers, contractors, resellers, and vendors – to align their behaviors with overarching business goals. These behaviors could include: Increasing overall sales volume. Increasing sales for high margin products

Explanation:

Answer:

Multilevel marketing

Explanation:

i got it right on test

Credit cards can help When paid off on time regularly

Answers

Answer:

good to know.

Explanation:

Answer:

yes? I dont know if your talking about credit then your credit score will go up. but if your just telling us some info on credit cards. thanks


Dear Future Millionaire,
I’m writing to you with an exclusive opportunity to get in on the ground floor of a life-changing investment opportunity. Are you ready to make your dreams come true? If you invest now in the Bio-Future Corp., it will happen. This company is at the cutting edge of scientific advancement, and I have personally received word from the CEO that they just made a major deal with a supplier, bringing them closer than ever to the market. Right now, a share of this stock costs only $2. You must invest early before the price skyrockets!
Sincerely,
Abe Kluck
Chloe received this email in her spam folder recommending a stock. What aspects of the letter should concern her? Choose four correct answers.
There is no information about the company.
It guarantees a high return on investment.
The company has “Future” in its name.

Answers

Answer:

In my opinion the answer is "It guarantees a high return on investment."

Answer:

A, B, D, E

Explanation:

got it right on edge

In a production cost report using process costing, transferred-in costs are most similar to: costs transferred-out to the next process. costs included in beginning inventory. conversion costs added during the process. material added at the beginning of the process.

Answers

can u please tell where are u from??

Answer:

hmm..... . . . .

...

..

....

What happens if you only make the minimum payment on your credit card statement?

Answers

Offering only the minimum payment keeps you in debt longer and racks up interest charges. It can also put your credit score at risk.

Monopolistically competitive firms do not achieve allocative efficiency because the _____. Multiple choice question. price for a monopolistically competitive firm is lower than the average cost output produced is less than optimal and consumers pay a lower than competitive price, causing inefficient use of resources for society output produced is more than optimal and consumers pay a lower than competitive price, causing inefficient use of resources for society price for a monopolistically competitive firm exceeds the marginal cost

Answers

Answer:

price for a monopolistically competitive firm exceeds the marginal cost

Explanation:

Monopolistically competitive firms do not achieve allocative efficiency because the "price for a monopolistically competitive firm exceeds the marginal cost"

Allocative efficiency is known to be an economic concept which actually regards efficiency at the societal level. This usually refers to the production of the optimal quantity of some output. The quantity produced is actually the marginal benefit of one more unit which the society enjoys and which is equal to the marginal cost.

In a monopolistically competitive industry, they will produce a lower quantity of a good and then their prices will be higher than would a perfectly competitive industry. A monopolistic competitive firm’s demand curve actually slopes downward. This then means that it will charge a price that exceeds marginal costs.

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