answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
grandymaker [24]
2 years ago
8

Napa resident Maria Gonzales, a newly-licensed real estate broker, has just negotiated her first trust deed loan for her client,

Isaac Mahrsan. The loan's term is 5 years, and it is Isaac's first loan. Under Article 7 of the Mortgage Broker Law in California, Maria knows that certain regulations have been set forth regarding her commission in such a transaction. What is the maximum commission for loans subject to Article 7, for first loans?
Business
1 answer:
lutik1710 [3]2 years ago
7 0

Answer:

Maria's maximum commission on this loan is 10 percent of the principal of a loan, which applies to loans of 3 years or more

Explanation:

In article 7, the maximum commission for loans are subject to 10 percent of the principal of a loan of 3 years or more for first loans. Maria's client is a taking a loan for the first time.

This article is found in the mortgage broker law. In Napa California, Maria Gonzalez who is a licensed real estate broker and salespersons can act as a loan broker for her client Isaac Merhsan. This Law is under the California Business and Professions Code and it serves as a regulator for this activity.

You might be interested in
Assume that you are the president of Highlight Construction Company. At the end of the first year (December 31, 2014) of operati
Maksim231197 [3]

Answer:

Highland construction company

Income statement

For the year ended December 31, 2014

Sales revenue=128,400

Total expense=80,200

Pretax income=48,200

Tax                  =14,460

Net income     =33,740

Highland construction company

Statement of stockholder's equity

For the year ended December 31,2014

Balance December 31,2013=0

Stock issuance                    =87,000

Add:Net income

Less:Dividends

Balance December 31,2014=87,000

Highland construction company

Balance sheet

December 31,2014

Account payable=46,140

Salaries payable=2,520

Total liabilities

Common stock=87,000

Retained earnings=23,740

As complete information is not given so only relevant portion is done.

4 0
2 years ago
Hopkins Company has taken a position in its tax return to claim a tax credit of $70,000 (direct reduction in taxes payable) and
Oksi-84 [34.3K]

Answer:

The amount of the additional projected liability that should be recognized is $28,000

Explanation:

For computing the amount of the additional projected liability, we have to apply the formula which is shown below:

= Tax benefit in 20% - Tax benefit in 40%

= $70,000 - $42,000

= $28,000

The other information which is given in the question is irrelevant. So, it is not been considered in the computation part. Hence, it is ignored.

We took the higher value between $42,000 and $14,000.

5 0
2 years ago
Ranada Company manufactures and sells sportswear products. Ranada uses activity-based costing to determine the cost of the custo
kramer

Answer:

Per unit customer costs = $4.5 per unit

Explanation:

Under activity based costing cost are allocated based on per activity rate.

Customer return processing activity rate = $45 per return

Shipping activity rate = $10 per shipment

for Product 1

Total cost of shipment and return will be as follows:

Shipment = 1,200 X $10 = $12,000

Returns = 150 X $10 = $1,500

Total = $12,000 + $1,500 = $13,500

Total units = 3,000

Per unit customer costs = $13,500/3,000 units = $4.5 per unit

4 0
2 years ago
How did the Gupta rulers improve the economy of India?
just olya [345]
A. would be your answer :) hope this helps 
6 0
2 years ago
Read 2 more answers
Why is it important for the ALSA management team to understand the importance of social media in their work?
Bad White [126]

Answer: the ALSA management team must understand the importance of social media in their work because of globalization. People can work from one country to another country through social media. Through social media you can get answer to your problems at work quickly.

Explanation:

7 0
2 years ago
Read 2 more answers
Other questions:
  • Julie ling worked as a customer service representative in the billing department of novell, inc. when questions arose about ling
    9·1 answer
  • Which sentence describes a factor that Helen could use to differentiate her coffee shop from branded coffee houses?
    11·2 answers
  • Minor Company installs a machine in its factory at the beginning of the year at a cost of $135,000. The machine's useful life is
    7·1 answer
  • Which of the following methods seeks to effect positive change in processes and organizations by using a set of practical tools
    14·1 answer
  • Please label each scenario as to whether or not the person is acting rationally and making choices leading to the outcome they d
    8·1 answer
  • You are traveling to a business meeting and because you are not familiar with the area, you take a taxi from the hotel to the me
    13·1 answer
  • Oscar owns a building that is destroyed in a hurricane. His adjusted basis in the building before the hurricane is $130,000. His
    13·1 answer
  • The payroll register of Heritage Co. indicates $4,200 of social security withheld and $1,050 of Medicare tax withheld on total s
    8·1 answer
  • Ivanhoe Company had these transactions during the current period. June 12 Issued 86,500 shares of $1 par value common stock for
    11·1 answer
  • eCompeteUSA is a competitive video gaming tournament company headquartered in Palo Alto, California. Video game tournaments are
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!