Answer: b. Permissible if the Notary Signing Agent has the breakdown of the fees
Choices are:
“A. prohibited under all circumstances, regardless of the Notary Signing Agent’s level of expertise”
“B. permissible if the Notary Signing Agent has the breakdown of the fees”
“C. recommended in order to convince the borrower he or she is getting a fairly priced best loan”
“D. encouraged in order to provide superior customer service to the borrower”
The notary is allowed to explain the fees that make up the Annual Percentage Rate (APR) of a borrower’s loan but he is not allowed to comment on its source, its accuracy, or his opinion of the information.
Answer:
If the company buys the component, income will decrease by $225,000.
Explanation:
Giving the following information:
Units= 40,000
The manufacturing cost:
Direct materials $ 75,000
Direct labor 120,000
Variable overhead 45,000
An outside supplier has offered to sell the component for $12.75.
Vest Industries can rent its unused manufacturing facilities for $45,000.
We will take into account only the differential costs.
<u>Make in -house:</u>
Total cost= 75,000 + 120,000 + 45,000= $240,000
<u>Buy:</u>
Total cost= 40,000*12.75 - 45,000= $465,000
If the company buys the component, income will decrease by $225,000.
Complete Question:
Construction Products Company and Dante enter into a contract for a sale of bricks and stones. Construction Products knows the purpose for which Dante will use the goods. Under the UCC, an implied warranty of fitness of a particular purpose arises:
Group of answer choices.
a. if the buyer is relying on the seller to select suitable goods.
b. if the buyer asks for it.
c. if the seller is a merchant who deals in goods of the kind sold.
d. in conjunction with lease contracts, not sales contracts.
Answer:
a. if the buyer is relying on the seller to select suitable goods.
Explanation:
In this scenario, Construction Products Company and Dante enter into a contract for a sale of bricks and stones. Construction Products knows the purpose for which Dante will use the goods (bricks and stones). Under the Uniform Commercial Code (UCC), an implied warranty of fitness of a particular purpose arises if the buyer is relying on the seller to select suitable goods. This simply means that, Construction Products who is the seller of the bricks and stones implied a warranty of fitness because they know the purpose for which Dante will use the acquired goods and should meet his requirements or needs.
<em>Hence, Construction Products Company is bounded by the contractual agreement (warranty) to provide quality goods which would meet Dante's reasons for buying them since he relying on their expertise or judgmental skills. </em>
Answer:
On IRR basis projects 1, 2, 3, and 5 will be selected.
On NPV basis projects 1, 3, 5, and 6 will be selected.
Explanation:
The firm will accept or choose all the project that has a higher or equal internal rate of interest than cost of capital. However, in the given case project 4 has a lower internal rate of interest (12 percent) than the cost of capital. Thus, projects 1, 2, 3, and 5 will be chosen by the firm. While the firm has budget constraints so it will have no money for projects 4 and 6.
The firm will select all the projects with positive NPV when there is no budget constraint. But in case of budget constraint, the firm will select the project that has high NPV. Thus, Project 1, 6, 3, and 5 will be selected and there will be no money left for projects 2 and 4.
Answer:11.82%
Explanation:
Yr C/ flow int Amount
1 7400. 1.08^2 8631.
2 11600. 1.08^1. 12,528
3 -3,200. 1 -3,200
Total reinvested amount
17959
MIRR=modified internal rate of return=
(17,959/12,800)^1/3-1
=1.1182-1=0.1182=11.82%
