CARLIN: ● Has been renting a two-bedroom apartment with her husband and 3 kids; wants to move into a three-bedroom home instead
● Took her five years, but she has saved $20,000 for a down payment
● Homes in her small town are typically selling for $75,000 to $95,000
● Is preapproved for a 3.89% interest rate on a 30-year fixed mortgage
● Needs her monthly payment to be less than $400

Rounded to the nearest $500, what’s the most expensive house Carlin could buy?

$95,500 - 100,000

$79,500-80,000

$70,050- 74,000

As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?

Large public water and sewer companies often become monopolies because they benefit from although the company faces high start-up costs, the firm experiences average production costs as it expands and adds more customers. smaller competitors would experience average costs and would be less

Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.