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Bond [772]
2 years ago
11

Builder Monty must secure a loan with mortgages on five different lots. What type of loan will he need?

Business
2 answers:
Zielflug [23.3K]2 years ago
8 0

Answer:

B. Blanket loan

Explanation:

According to my research on the different types of loans provided by banks, I can say that based on the information provided within the question the type of loan that Monty will need is called a Blanket Loan. This is because this is a type of loan that is given by a bank in order for an individual to be able to buy multiple pieces of real estate

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

antiseptic1488 [7]2 years ago
6 0

Answer:

B) Blanket loan

Explanation:

A blanket mortgage is used to either buy more than one real estate property or to obtain an equity loan using more than one real estate property as collateral.

In this case, Builder Monty appears to be a construction company that wants to start building houses (or other type of residences) and needs money to do it. Usually when builders need money they will use some real estate property that they already possess and use it as collateral for an equity loan.

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Josefina submitted a complaint online that is non-serious in nature. How will OSHA most likely respond?
OlgaM077 [116]

Answer:

B. Contact the employer by phone, fax, or email

Explanation:

Josefina submitted a complaint online that is non-serious in nature. The OSHA most likely respond by contacting the employer by phone, fax, or email.

Because the complaint is of informal or non serious nature, the other option does not sit well with the situation. To satisfy Josefina, they would just make a call or send and email or fax so she is satisfied and feels that her complaint is being looked at.

7 0
2 years ago
Rath Company provided the following information:
Anit [1.1K]

Answer:

The correct answer is $8,316( Unfavorable) and $10,500 ( Favorable).

Explanation:

According to the scenario, the computation of the given data are as follows:

Actual Variable OH  AH × SVOR              SH × SVOR

$222,816          $57,200×$3.75 = $214,500     $60,000×$3.75 = $225,000

  Variable OH spending variance        Variable OH efficiency variance                                

      $214,500 - $22,816)                              $225,000 - $214,500

    = $8,316( Unfavorable)                            = $10,500 ( Favorable)

Hence, Variable OH spending variance  =  $8,316( Unfavorable)

And Variable OH efficiency variance = $10,500 ( Favorable)

7 0
2 years ago
Franklin Corporation issues $88,000, 10%, five-year bonds on January 1 for $92,000. Interest is paid semiannually on January 1 a
dusya [7]

Answer:

$4,000

Explanation:

The computation of interest expense to be recognized on July 1 is shown below:-

Here the interest is paid in semi-annually,

so, the interest rate per period= 10% ÷ 2 = 5%

and the number of periods = 5 × 2 = 10

Bond premium = Five year bonds - Issued amount

= $92,000 - $88,000

= $4,000

Bond premium amortization per period = Bond premium ÷ Number of periods

= $4,000 ÷ 10

= $400

Interest expense to be recognized on July 1 = Issued amount × Interest rate per period) - Bond premium amortization per period

= ($88,000 × 5%) - $400

= $4,000

4 0
2 years ago
Denver Systems has total assets of $1,000,000; common equity of $400,000; a gross profit of $800,000; total operating expenses o
krok68 [10]

Answer:

See

Explanation:

4 0
2 years ago
Anwer owns a rental home and is involved in maintaining it and approving renters. During the year he has a net loss of $8,000 fr
Evgesh-ka [11]

Solution:

(1) Maximum possible $25,000 deduction before phase-out

(2) Maximum deduction phase-out is $22,500

    [($145,000 AGI - 100,000) × 0.5]

(3) Current year overall loss $2,500 (1) - (2)

(4) Rental loss in current year $8,000

(5) Current year leasing deficit of 2,500 dollars, Lesser of (3) or (4)

Passive loss carry forward $5,500 (4) - (5)

8 0
2 years ago
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