Brian has grown tired of paying rent each month to his landlord and has decided to purchase a condo. Brian has been saving money and has $ 40.00 $40.00 that he will use as a down payment on this condo. He will take out a mortgage to pay the remaining price. Brian finds a suitable condo and negotiates a price of $ 250.00.
Upon moving in, how much equity does brian have in this condo?
a. 51025
b. 350463
c. 299438
d. 0
What is Brian's leverage ratio associated with this condo when he moves in?
a. 299438
b. 5.868457
c. 0.1704026
d. 0.1455931
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Brian has grown tired of paying rent each month to his landlord and has decided to purchase a condo. Brian has been saving money and has $ ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The following information pertains to the August manufacturing activities of Griss Co.: Beginning work-in-progress (BWIP) : $12,000 Ending work-in-progress (EWIP) : $10,000 Cost of goods manufactured (COGM) : $97,000 Direct materials issued to
Answers (1)
Car loans can be obtained from a variety of sources, such as: a. auto dealers c. credit unions b. banks d. all of the above
Answers (1)
Using the data calculate the balance on current account for this economy. The value of the current account is: $___ Round your solution to the nearest whole number and be sure to include a negative sign if necessary Current Account Value Balance
Answers (1)
Barron Company accepts a credit card as payment for $1,200 of services provided to a customer. The credit card company charges a 5% handling fee for its collection services.
Answers (1)
When preparing a production budget, the required production equals: a. budgeted sales + beginning inventory + desired ending inventory. b. budgeted sales - beginning inventory + desired ending inventory. c.
Answers (1)
New Questions in Business
A budget surplus a. exists when government spending is greater than tax revenues. b. causes government debt to increase. c. occurs when the government has debt equal to zero. d. reduces the government's debt.
Answers (1)
Monique was looking for a venue for her wedding reception. When she visited one potential location, she noticed that the landscaping was not complete, and there was stained carpet in the lobby.
Answers (1)
A monthly fixed rate mortgage payment--- A. could change. B. never changes. C. increases annually. D. decreases annually.
Answers (1)
On December 31, Carmack Company received a $215 utility bill for December that it will not pay until January 15. The adjusting entry needed on December 31 to accrue this expense is: 1. Debit Utilities Expense $215; credit Accounts Payable $215. 2.
Answers (1)
Sean, a sales manager at MusicForAll Inc., constantly seeks responsibility and works hard to succeed at his workplace.
Answers (1)