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Harrizon [31]
1 year ago
5

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]1 year 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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Swifty Company uses the units-of-activity method in computing depreciation. A new plant asset is purchased for $41000 that will
cluponka [151]

Answer:

depreciation rate per unit $0.34

Explanation:

To calculate the depreciation cost per unit we divide the amount subject to depreciation by the estimated untis production over its useful life:

depreciable amount:

$41,000 - $3,600 = $ 37,400

depreciation rate:

$37,400 / 110,000 units = $0.34

8 0
1 year ago
A company borrowed $40,000 cash from the bank and signed a 6-year note at 7% annual interest. The present value of an annuity fa
Nat2105 [25]

Answer: $8,391.90

Explanation:

So the company borrowed $40,000 from a bank.

They are to pay 7% interest on the note per year for 6 years.

We are to find the annual payments.

7% represents a constant payment schedule per year so we can use an Annuity formula.

Seeing as the Annuity factor has been calculated for us already we don't need to formula though.

The present value of an annuity factor for 6 years at 7% is 4.7665.

Calculating the present value of the annual payment can be done as follows,

= Amount / PVIFA (Present Value Interest Factor for an Annuity)

= 40,000/4.7665

= 8391.90181475

= $8,391.90

The annual payments equal $8,391.90.

5 0
2 years ago
You have figured out the marginal cost and the marginal benefit of buying an extra smoothie. In 2-3 sentences, describe how you
saw5 [17]
I think I must first get the marginal cost of the product before i bought if it is worth it to its value, Then i would compute for the marginal benefit to know what would i gain in this product. Lastly I would compare both the marginal cost and marginal percentage if the cost is lower than the benefit then the product is worth it to buy.
6 0
2 years ago
Read 2 more answers
New zealand's economy has received recent boosts from _____. natural gas trade with china foreign investors agriculture tourism
sergejj [24]
I think the correct answer from the choices listed above is the last option. New zealand's economy has received recent boosts from <span>tourism. Hope this answers the question. Have a nice day. Feel free to ask more questions.</span>
6 0
1 year ago
Which of the following describes the effect of the business cycle on the inflation rate and the unemployment rate? A. The unempl
Pani-rosa [81]

Answer:

The correct answer are option D for both questions.

Explanation:

Recessions is characterized with decrease in consumer and investment spending. During recessions there is a decline in inflation rate and the unemployment rate increases.

While during expansion, there is a boost in economy. So, with increase in investment and production, the unemployment rate falls. There is a rise in inflation rate as well.

Though even in the stages of recovery, the unemployment rate continues to increase because some firms are pessimistic and are operating below their capacity. Also, the rate of growth of labor force is higher than rate of employment growth, which leads to increase in unemployment.  

7 0
1 year ago
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