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 you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The spotlight on small business box showed us that as time passes, marketing plans should be reevaluated and:
Answers (1)
g Our company purchases $4,000 worth of merchandise inventory on credit with the terms 2/10, n/30. Transportation costs were an additional $200. Our company returned $300 worth of merchandise.
Answers (1)
Organizations can suffer from having too little conflict, as well as too much. T/F
Answers (1)
What is the proper application of the lower of cost or market to value inventory
Answers (2)
In a private not for profit, what would the entry to record the expiration of program restrictions include from the following?: A. Credit Performance Expense B. Credit Reclassification from Temporarily Restricted Net Assets C.
Answers (1)
New Questions in Business
Under ASC 606, the transaction price generally should be adjusted for the effect of the time value of money when A. A royalty contract with a distribution in which the consideration to be received depends on sales to end customers. B.
Answers (1)
ALT Inc. conducts periodic reviews of the distribution of pay and the favorable outcomes granted to employees, such as promotions and increased office space.
Answers (1)
If total liabilities increased by $6,000 and the assets increased by $8,000 during the accounting period, what is the change in the owner's equity amount? A. Decrease of $2,000 B. Decrease of $2,000 C. Increase of $10,000 D. Decrease of $10,000
Answers (1)
You are invited to go to the mall with a new group of friends from school. you don't know them that well, but are excited that they included you in their plans.
Answers (1)
Suppose hypothetically that you buy a lot of food such as tofu, veggie burgers, and organic fruit that are not included in the market basket used to compute the CPI.
Answers (1)