Electricity Gas Water Utilities 6000.00 $.15/kwh Phone $40/month $100/month $1/100 ft3 Internet $.03/10 Gal Maintenance $120/month Dan lives in an apartment and uses 250 kwh of electricity, 1100 ft³ of gas, 460 gallons of water, and internet and phone plans as described in the table. He pays no maintenance costs because he rents the apartment. Calculate his monthly utility bill. R$52738
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- 5. The province of Ontario set the most recent annual percent rent increase at %. (see our note for this answer) Suppose the percent rent increase remains the same next year. This year, an apartment has a monthly rent of $945. What will the cost of rent be for the same apartment next year? 6. Below is an example of a Hydro Bill. Examine it and answer the questions. Skills Practice 6: Reading a Utility Bill Select Hydro Company JOE CONSUMER P P.O. Box 1234, Capital, Ontario Account 714033-002-soso Electricity Bill Biing Peried from May 12, 20, to Service Addres 14 CITY CIRCLE, CAPETAL, ON July 12, 20 Date Your B Was Prepared: Your Electricity Charges Ee Car ss y 28, 20 Pvn Thank You For Your Peyment ey Ch De etement Cher SI87.90 CONSERVATION TIP: Turn off lights, computers, and appliances when you are not using them. T rty Or SI Su T Pror ne 5.00 Tt Amut Payment Due on August 28, 20 Your Electricity Usage for this Period SI Your Hstorical Dectricity Usage (wwh per day) Het ge art There…In order to purchase a home, a family borrows $30,000 at 2.25% for 3 yr. What is their monthly payment? Round to the nearest cent. A. $1,029.33 B. $56.25 C. $18.75 D. $862.56Problem 8-34 (LO 8-1, 8-2) Kelvin owns and lives in a duplex. He rents the other unit for $790 per month. He incurs the following expenses during the current year for the entire property: Mortgage interest Property taxes Utilities Fixed light fixture in rental unit Fixed dishwasher in personal unit Painted entire exterior Insurance Depreciation (entire structure) Income Mortgage interest Property taxes Utilities Required: How are the above income and expenses reported on Kelvin's tax return? Note: Enter Schedule E expense as a negative number. Fix light (rental) Fix dishwasher Paint exterior Insurance Depreciation Personal 790 290 Schedule A $ 7,700 2,160 1,780 115 290 $ 1,190 2,300 6,800 Schedule E 0 $ 0
- 10. A furniture company allows customers to purchase household furnishings with an in-store loan, pay with cash or a credit card, or Rent-To-Own with a lease agreement. A customer chooses furniture worth $3,225.00 including tax and chooses to Rent-To-Own. Rent to Own Furniture Warehouse ● ● No down payment is required. The monthly lease payment is $156.99 for 2 years. a. Calculate the total cost to own the furniture using the Rent-To-Own option. b. What the amount of the finance charge on this purchase? Caza O OM3:TMBProblem 8-34 (LO 8-1, 8-2) Kelvin owns and lives in a duplex. He rents the other unit for $750 per month. He incurs the following expenses during the current year for the entire property: Mortgage interest Property taxes Utilities Fixed light fixture in rental unit Fixed dishwasher in personal unit Painted entire exterior Insurance Depreciation (entire structure) Income Mortgage interest Property taxes Utilities Fix light (rental) Fix dishwasher Paint exterior Required: How are the above income and expenses reported on Kelvin's tax return? Note: Enter Schedule E expense as a negative number. Insurance Depreciation Personal Schedule A $ 7,500 2,000 1,500 $ 100 250 1,300 1,800 7,000 Schedule E 0 $ 0O e. OMR156.75 Clear my choice non 6 et ered Ali is a student at the University. He recently purchased a car for OMR5,000 to use it for going to the University. Ali also expects that other friends might ask for transportation from him. He expects a total monthly revenue of OMR60. He expects fuel cost to be OMR30 per month. One of Ali's friends is a taxi driver. He offered Ali to take him to University for a monthly fee of OMR10. Because he does not have to drive, Ali believes that he can perform online work ed out of g question that would earn him a monthly revenue of OMR10. What is the differential revenue in this scenario? Select one: O a. OMR20 O b. OMR40 O c. OMR10 O d. OMR30 O e. OMR50 ious page Next page 18
- 7. Annaliese Nuber insured the contents of her apartment for $22,500. The premium is S0.63 per S100 with a $750 deductible, Her personal property that is used away from home is insured at 10% of the policy's total coverage. Living expense coverage is 20% of the policy's total coverage. a. At what value is the personal property that she uses away from home insured? b. For what value is her living expense covered? c. What is the annual insurance premium that Annaliese pays?Joe is buying some kitchen equipment for his new apartment. The total cost is $ 3,800$3,800 and he places a down payment of $380 There is add-on interest of 10% What is the total amount to be repaid if he takes 4 years to pay for the purchase? Round the answer to the nearest cent. A.)3762.00 B.)4788.00 C.)140220.00 D.)None of the above is correct.13. Sergei and Anya own a three-bedroom bungalow. They make weekly mortgage payments of $217.98. They make quarterly payments for property taxes of $1257. They have a bank account set up for home repairs into which they put in $275 each month. The average total monthly bill for water, home insurance, cable television, and telephone is $449. What are the total annual expenses associated with the house to the nearest hundred dollars? a. $25 000 b. $25 100 c. $26 000 d. $26 100
- intum.com bmit For Score es Comments JFK G Pers BIFA O WIL Unit Activity: Mathematical Models and Consumer Finance en question is worth Space used (includes formatting): 0 / 15000 Edn G Whi ino Gise V AVV 三班三二 三 四 V V AE Part A Tiffany figures she can pay $1,000 a month for housing. She uses a mortgage calculator to figure out how big a mortgage she could afford. Tiffany sees that at current Interest rates, a $150,000 mortgage would be a payment of $800, and her estimated tax payment each month would be $100. Tiffany thinks she can easily afford the $900 total monthly payment. Describe three I costs she did not consider in her calculation. BIU X² X₂ 15px + Part B Frankie and Jenny want to buy a home in a particular neighborhood, but they have not found the perfect house yet. One problem they have is that they do not know how much they can afford to pay. What guidelines could give them an Idea? What help could a mortgage company give them? BIUX² X₂ 15px B 10 of 12 Apr 6 40 19 1:03 0 X…1. Caroline is a single parent. Her annual net income is $42 000. She has $25 000 in savings. Caroline spends $125/week on food, $400/month on transportation, $120/month on clothing, $75/2 weeks on entertainment, and $200/ month on miscellaneous expenses. Option 1: Buying a 3-bedroom townhouse Down payment of $18 000 Bi-weekly mortgage payments of $640 Monthly maintenance fees of $250 Option 2: Renting a 3-bedroom townhouse $1025 per month, plus utilities Which housing option would you recommend to Caroline? Justify your answer.Find the annual homeowners insurance premium on a masonry home located in zone 1 if the home is insured for $237,000. The owner chooses a $1,500 deductible and has good credit. E Click the icon to see a hypothetical table of Estimated Annual Homeowners Insurance Premium Rates per $100 of Face Value. The annual homeowners insurance premium is $ (Simplify your answer. Type an integer or a decimal.)