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Musya8 [376]
2 years ago
10

Maury and Bev have saved all their lives and they have been able to pay off their mortgage on their home. Bev is getting elderly

and frail and Maury needs to put her into a nursing home where they can give her round-the-clock care. Maury intends to finance this arrangement by getting a loan where the lender makes payments to the homeowner each month, based on accumulated equity. What type of loan does Maury want to get?
Business
1 answer:
Alina [70]2 years ago
7 0

Answer:

A reverse mortgage

Explanation:

A reverse mortgage is a loan type available to senior citizens above the age of 62. This loan type allows the elderly to convert part of their home equity into cash without selling the house. Once a bank value home, it offers the loan against the home value. The loan amount is dispersed as a lump sum or fixed monthly payments. The elderly do not have to pay back the loan. The bank recover its money upon death or relocation.

Maury should get a reverse mortgage loan. He won't have to repay the loan but will be getting monthly payments to support Bev's care.

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Managers are constantly seeking out new tools to meet new challenges. Indicate whether today’s manager’s are more or less aware
Galina-37 [17]

Answer:

Customer relationship management system​ (CRM)

Explanation:

A <em>CRM </em>system is what keeps the customer coming back. Instead of targeting each customer with a default bundle of products that are trending, the customer relationship management system tracks down the customer's habits and preferences, creating a tailor-made approach. Every customer is different in things he/she wants to buy. This way, marketing gets more customized and customer statistics generates better reports (more insight for the long-term).

7 0
2 years ago
Indicate whether each of the statements is an example of a price ceiling or a price floor and whether it is binding or nonbindin
tamaranim1 [39]

Answer:

A price ceiling is a bar on the legal maximum price a commodity can be sold for  while a price floor is the least legal price a commodity can go for.

The price ceiling is always greater than the price floor  in this case it is not so, hence the price floor is not binding to the price ceiling.

the statements below is analyzed under price ceiling and price floor according to whether it is binding or nonbinding.

Explanation:

1. Due to new regulations, donut shops that would like to pay better wages in order to hire more workers are prohibited from doing so.

Statement one is neither a price ceiling nor a price floor and it is nonbinding

2. The government has instituted a legal minimum price of $1.80 each for donuts.

Statement two is a price floor and it is binding.

3. The government prohibits donut shops from selling donuts for more than $1.10 each.

Statement three is a price ceiling and it is binding.

3 0
2 years ago
A "product package" consists of: Multiple Choice the exterior wrapping. the shipping container. a combination of goods and servi
AfilCa [17]

Answer:

Combination of goods and Services

Explanation:

Product package are basicallyl used to distinguish one brand, product, service or commodity from the other.

It is mostly the totality of what differentiates most products.

A complete product package needs to have any of these(goods, services) or combination of the two if the business offers both.

6 0
2 years ago
Under Fisher, between 1993-1997, Kodak moved closer to customers when it produced and launched a digital print station to retail
ehidna [41]

Answer:

b. Forward integration.

Explanation:

<u><em>Forward integration:</em></u> is a type of marketing strategy where the company directly distribute or supply its product to the retailer,  this is done so as to be to sell directly to the retailer without going through the wholesaler. This is achieved by having warehouses that is closer to the retailers where the products can be sold to the retailers or directly selling the product to the retailer from the company.

6 0
2 years ago
Read 2 more answers
Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the foll
Phantasy [73]

Answer:

The fixed cost, variable cost per unit and the total cost is $3,800, $4 per unit ,and $6,000 respectively

Explanation:

1. The computation of the variable cost per unit is shown below:

= (High total cost -  low total cost) ÷ (High number of cavities - low number of cavities)

= ($6,500 - $5,200) ÷ (675 - 350)

= $1,300 ÷ 325

= $4

2. The computation of the fixed cost is shown below:

Fixed cost  = total cost -  Variable cost

                  = $6,500 - (675 × $4)

                  =  $6,500 - $2,700

                  = $3,800

3. And, the total cost for 550 cavities would be equal to

= Fixed cost + variable cost

= $3,800 + (550 cavities × $4)

=  $3,800 + $2,200)

=  $6,000

3 0
2 years ago
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