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2 years ago

Explaining to a borrower the fees that make up the Annual Percentage Rate (APR) of a borrower’s loan is:

Business

1 answer:

ladessa [460]2 years ago

7 0

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.

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Keenan has won the lottery for $10,000,000. He is offered a cash payment now of $7,500,000, or 10 annual payments of $1,000,000.

Katarina [22]

Answer:

a) 5,6%

b)$16 191 937.48

Explanation:

Download docx

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1 year ago

Sarah just completed her 1040EZ tax return form and double-checked it. Now she should _____.

malfutka [58]

Send to IRS by April 15

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2 years ago

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If the demand increases by 100%, annual production will have to increase to jaw-breakers next year to meet the expected increase

aleksklad [387]

If demand increases by 100% in one year, gummy land has two options. First, they could increase their staff and production hours to meet the increased demand. Second, if demand is increased by 100%, gummy land needs to take a look at a supply and demand chart and decide if increasing the price may slow demand by a little bit but will still increase profits. They need to look at an equilibrium price and decide which of the two options makes the most sense economically. If their demand increased by such a large number, it would be reasonable to assume that their demand would not decrease significantly with a slight increase in price.

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2 years ago

Charlie’s Crispy Chicken (CCC) operates a fast-food restaurant. When accounting for its first year of business, CCC created seve

denis-greek [22]

Answer:

Charlie’s Crispy Chicken (CCC) Balance sheet at September 30

Assets

Non- Current Assets

Equipment 49,000

Land 23,400

Total Non- Current Assets 72,400

Current Assets

Supplies 2,300

Cash 2,300

Total Current Assets 4,600

Total Assets 77,000

Equity and Liabilities

Equity

Common Stock 36,000

Retained Earnings 3,900

Total Equity 39,900

Liabilities

Non-current Liabilities

Note Payable (long-term) 34,000

Total Non-current Liabilities 34,000

Current Liabilities

Accounts Payable 2,900

Salaries and Wages Payable 200

Total Current Liabilities 3,100

Total Equity and Liabilities 77,000

Explanation:

When preparing a Balance Sheet, it is important to remember the Accounting equation : Assets = Equity + Liabilities

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2 years ago

It is calculated that the workstation cycle time is 80 seconds. The theoretical minimum number of workstations needed is 4 stati

cestrela7 [59]

Answer:

the correct balancing plan is as follows:

Station 1 - A, B, E

Station 2 - D

Station 3 - C, G

Station 4 - F, H

Explanation:

See table in attached file

Note: D is preferred over C because of higher processing time

** G is preferred over F because of higher processing time

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2 years ago