Answer:
<u>b. Must still arrange to obtain and pass a background screening</u>
Explanation:
<em>Remember,</em> a notary signing agent is responsible for endorsing loan documents a sensitive job.
Thus, background screening is compulsory for those involved in the lending process including Notaries who act as signing agents. Despite the background checks, there are benefits attached to this job because the signing agents earn income for loan documents they sign.
Answer:
= $147.12
Explanation:
First, we determine the amount received by Mother in 199 9= $100
Based on this,
The Consumer Price Index in 1999 = 166.6
The Consumer Price Index in 2017 = 245.1
We then calculate the amount it would cost in 2017 to buy similar goods bought by mother in 1999
= Value in 2017 = Amount received in 1999 x (2017 CPI / 1999 CPI)
= $100 x (245.1/166.6)
= $100 x 1.471
= $147.12
This means that the baby shower gift received at $100 in 1999 will cost $147.12 to buy in 2017.
Answer:
increase in income = $18736
Explanation:
solution
we consider here 2 case
case 1 is
Credit Sales with bad debt estimation @ 2.2%
and
Case 2 is
Cash Sales only
so as in both the cases we are indifferent towards cash sales of $135000 as Gilmore would earn the same margin and there is no bad debt scenario.
so in case 1 gross margin is
Gross Margin = 20% of 512000
Gross Margin = $102400
and
Bad Debt Estimation @ 2.2% is = $11264
so Net Margin = $102400 -$11264 =
Net Margin = $91136
and
in case 2 is
as company have gone for all cash sales then it will able to sell $150000 less
so cash Sales = 512000 – 150000
cash Sales = $362000
and
Margin = 20% of 362000
Margin = $ 72400
so that increase in income from operations by selling on credit is
increase in income from operations by selling on credit = 91136 - 72400
increase in income = $18736
Answer:
This is a red flag for predatory lending AND mortgage fraud.
Explanation:
Considering the situation above, the statement that BEST describes the situation above is that "This is a red flag for predatory lending AND mortgage fraud."
This is because the act of cheating or fraudulent pursuits of some lenders during the loan process is known as predatory lending, in which lying during loan application is part of it.
Also, fraudulent activities such as misstatement, misrepresentation, or omission about a mortgage loan process are considered a mortgage fraud
Answer:
The correct answer is letter "B": Polychronic.
Explanation:
Chronemics is the study of how time affects communication. It is used to understand the use of time in different cultures. Monochronic cultures are those who value the use of time so they tend to be alert of their watches. Polychronic cultures, on the other hand, are those who consider time is flexible, fluid and driven not exactly by the minute -it could by hours.
