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2 years ago

Which two of these are essential for completing an initial mortgage loan application?

Business

1 answer:

Vitek1552 [10]2 years ago

4 0

*Your name.

*Your income.

*Your Social Security number (so the lender can check your credit)

*The address of the home you plan to purchase or refinance.

*An estimate of the home's value.

*The loan amount you want to borrow.

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Ziva is an organic lettuce farmer, but she also spends part of her day as a professional organizing consultant. As a consultant,

Kaylis [27]

Answer:

The correct answer is:

-$80 (d.)

Explanation:

in order to calculate this, we have to determine the total income earned from farming, and the total income that could have been earned if Ziva had done her consultancy service, and calculate the difference. This is shown as follows:

farming business

cost of seeds = $130

income from seeds = $300

Net income from farming = 300 - 130 = $170

Home-organizing service

charge per hour = $25

time spent on field that would have been used for consultancy = 10 hours

total amount that would have been earned for consultancy = 25 × 10 = $250

Difference between income earned for farming and the income that would have been earned for home-organizing serving = 170 - 250 = -$80

Note that the negative sign is there because Ziva indulged in the activity with the lesser income so she effectively made an economic loss instead of a profit (she made a negative profit).

7 0

2 years ago

Ratchet Manufacturing anticipates total sales for August, September, and October of $200,000, $210,000, and $220,500 respectivel

swat32

Answer:

$150,000

Explanation:

Given data:

Total sales for the month of August = $200,000

Total sales for the month of September = $210,000

Total sales for the month of October = $220,500

Total cash sales = 25% of the total sales

Thus,

The total credit sales = Total sales - Total cash sales = 100% - 25% = 75%

Therefore,

For the month of the August,

Total cash sales = 25% of total sales of August = 0.25 × $200,000

Total cash sales = $50,000

Therefore, total credit sales for the month of August

= Total sales in August - Total cash sales in August = $200,000 - $50,000

= $150,000

Hence,

the amount of accounts receivable to be reported for August = $150,000

5 0

2 years ago

Use the following data to compute the present value of the terminal period ROPI for each of the four firms A through D. Assume a

Ray Of Light [21]

Answer:

Firm A $ 2,412,150.68

Firm B $169,038.85

Firm C $761,699.81

Firm D $614,813.36

Explanation:

The present value of terminal value is the terminal value multiplied by the discounted factor as shown by the formula below:

=ROPI*(1+growth rate)/(WACC-growth rate)*(1/(1+WACC)^n

n is the time horizon for the forecast

Firm A terminal value=$189,122*(1+2%)/(7.9%-2%)*1/(1+7.9%)^4

=3,269,566.78*0.737758499 =$ 2,412,150.68

Firm B terminal value=$27,878*(1+1%)/(11.7%-1%)*1/(1+11.7%)^4

=$ 263,147.48*0.642373043 =$169,038.85

Firm C terminal value=$74,785*(1+2.5%)/(9.5%-2.5%)*1/(1+9.5%)^4

=$ 1,095,066.07*0.695574293 =$761,699.81

Firm D terminal value=$105,733*(1+13.7%)/(13.7%-2%)*1/(1+13.7%)^4

=$ 1,027,507.87*0.598353921 =$614,813.36

7 0

2 years ago

Blue Ice Inc. is an American corporation. The company started out as a 1. ____ between Nick Selver and Rita Andrew in 1985. In 2

Andrei [34K]

1) Partnership. Nick Selver and Rita Andrew began the company as a partnership.
2) partners: This word best describes the interest-holding people in a partnership
3) Incorporate: This word best describes converting the partnership to a corporation in order to democratize ownership of the company and sell stock publicly
4) Stock Market: This is the market in which shares of a public company are traded on the open market.

6 0

2 years ago

True or False: Diminishing returns will occur when investing in the same TQM Initiative round after round. A. True B. False 2. T

kirill115 [55]

Answer:

True
True
True
True
Capstone courier

Explanation:

7 0

2 years ago