All categories

2 years ago

A borrower expresses a reluctance to continue signing documents. The Notary Signing Agent may:

Business

1 answer:

snow_tiger [21]2 years ago

3 0

Answer:

Recommend the borrower contact the lender representative before signing anymore documents

Explanation:

Notary agents are usually independent professionals within the sector or third parties , who are contracted to create sure all loan documents are signed and notarized properly and delivered . A Notary agent isn't authorized to answer questions on the most points contained within the loan, however a notary agent can give opinions to a signer whether the terms of a loan are a good or not. But if the opinions are on interest rates or other questions concerning the loan, rather it would be best to refer the signer or borrower to contact the lender’s representative

You might be interested in

1.) The Korean steel company PoSCO trades in the US on the NYSE as an ADR with the symbol PKX. The price of an ordinary share on

ArbitrLikvidat [17]

Answer:

a) 31.25%

b) 74.83%

Explanation:

You need to take below steps in the investment circle:

(1) You have $100,000 to invest and the price of the ADR is $100; so you can buy 1,000 ADRs = $100,000/ $100

(2) It takes 4 ADRs to buy 1 ordinary share; so with 1,000 ADRs you can buy 250 ordinary shares = 1,000 ADRs / 4 ADRs

Six months from today, price for 1 ordinary share is KRW525,000 and the exchange rate is KRW1,000/$.

(3) If you sell 250 ordinary shares, you can get KRW131,250,000 = 250 shares x KRW525,000

(4) Then you sell KRW131,250,000 to get $131,250 = KRW131,250,000/ exchange rate KRW1,000/$

So the profit after 6 months is $31,250 = $131,250 - $100,000

The rate of return is 31.25% = $31,250/$100,000 x 100%

Suppose 3 ADRs buy 1 ordinary share, then some steps changed as below:

(1) same as above

(2) you can buy 333 ordinary shares = 1,000 ADRs / 3 ADRs

(3) If you sell 333 ordinary shares, you can get KRW174,825,000 = 333 shares x KRW525,000

(4) Then you sell KRW174,825,000 to get $174,825 = KRW174,825,000/ exchange rate KRW1,000/$

So the profit after 6 months is $74,825 = $174,825- $100,000

The rate of return is 74.83% = $74,825/$100,000 x 100%

7 0

2 years ago

Rowland & Sons Air Transport Service, Inc., has been in operation for three years. The following transactions occurred in Fe

bixtya [17]

Answer:

Journal entries

Feb 01

Rent Expense Debit $ 200

Cash Credit $ 200

Record payment of hanger rent for Feb

Feb 04

Cash Debit $ 800

Unearned Revenue Credit $ 800

Recording of cash received in advance

Feb 7

Cash Debit $ 900

Service Revenue Credit $ 900

To record service revenue received in cash

Feb 10

Salaries and wages Debit $ 1,200

Cash Credit $ 1,200

To record salaries paid for services received in February

Feb 14

Advertisement expenses Debit $ 100

Cash Credit $ 100

To record payment of advertisement expenses

Feb 18

Cash Debit $ 500

Accounts Receivables Debit $ 1,200

Service Revenue Credit $ 1,700

To record services provided on cash and on credit

Feb 25

Supplies Inventory Debit $ 1,350

Accounts Payable Credit $ 1,350

Recording of purchase of supplies for future use on credit

The preliminary net income for February is $ 1,100

The net profit margin is 42.3 %

Explanation:

Computation of net income and net profit margin

Revenues ( $ 900 + $ 1,700 ) $ 2,600

Expenses ($ 200 + $ 1,200 + $ 100 ) <u>$ 1,500</u>

Net Income $ 1,100

Net profit margin = Net income / Revenues

Net Profit margin = $ 1,100/ $ 2,600 = 42.3 %

The other entries for collections made on Feb 04 for services to be performed next month and the purchase of supplies to be used in the future are not to be considered in revenues and expenses as they do not pertain to the current month

5 0

2 years ago

Southern Rim Parts estimates its manufacturing overhead to be $396,000 and its direct labor costs to be $990,000 for year 1. The

S_A_V [24]

Answer:

Southern Rim Parts

Journal Entry:

Account Title Debit Credit

Work-in-process inventory $9,760

Finished goods inventory 24,400

Cost of goods sold 63,440

Manufacturing overhead $97,600

To record the prorated under-applied overhead cost.

Explanation:

a) Data and Calculations:

Estimated manufacturing overhead = $396,000

Estimated direct labor costs = $990,000

Actual manufacturing overhead = $434,000

Actual direct labor costs = $841,000

Predetermined overhead rate = estimated overhead/estimated direct labor costs = $396,000/$990,000 = $0.40 per DL

Applied overhead:

Work-in-process inventory $ 33,640

Finished goods inventory 84,100

Cost of goods sold 218,660

Total overhead applied = $336,400

Underapplied overhead = $97,600 ($434,000 - $336,400)

Prorating the underapplied overhead to:

Work-in-process inventory $33,640/$336,400 * $97,600 = $9,760

Finished goods inventory 84,100/$336,400 * $97,600 = $24,400

Cost of goods sold 218,660/$336,400 * $97,600 = $63,440

Total underapplied overhead = $97,600

5 0

2 years ago

This year is expected to be a great one for selling walk shoes in Georgia. At very low prices, only the most efficient shoemaker

TiliK225 [7]

All that information gives you three points to make the graph.

Point 1:

At the price of $10, the offer is 2*1,000 shoes => (10, 2,000)

At the price of $25, the offer is 10*1,200 shoes => (25, 12,000)

At the price of $40, the offer is 10*1400 + 4*500 => (40, 16,000)

Then you have three points. You can check that their are not aligned because when you increase the price $15 from 10 to 25 the offer increases in 10,000 shoes; but when you increase the price $15 from 25 to 40, the offer increases 4,000.

To draw the grpah:

- use a perpendicular coordinate system with the price in the horizontal axis and the offer in the vertical axis,

- lable the horizontal axis with the prices from 10 to 50 and the vertical axis with the offers from 1,000 to 18,000.

- draw the three calculated points (10; 2,000) , (25; 12,000) and (40; 16,000)

- draw a curved line that passes through the three points.

Ther you have the graph.

4 0

2 years ago

For the next 2 questions, use the financials of Acme Corporation. After adjusting revenue for accounts receivable and deferred r

Mekhanik [1.2K]

Answer: B. $892.1 million

Explanation:

The Revenue was $939,393 million

When calculating how much cash was generated any increase to the Accounts Receivables is removed from the revenue because it signifies that more sales were made on credit and so have not given the business cash yet.

Any increase in Deferred Revenue must be added because this is Cash that has been given to the business but for accrual purposes cannot be recognized yet. Bottomline however, the Cash has been received.

Increase in Receivables = 309,196 - 221,504

= $87,692 million

Increase in Deferred Revenue= 374,730 - 334,358

= $40,372 million

The Cash generated is therefore;

= 939,393 - 87,692 + 40,372

= $892,073

= $892.1 million

I have attached the Financial Statements of Acme Corporation.

6 0

2 years ago