All categories

2 years ago

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.

You might be interested in

On January 2, 20X4, West Co. issued 9% bonds in the amount of $500,000, which mature on January 2, 20X24. The bonds were issued

ehidna [41]

Answer:

$470,425

Explanation:

The computation of the amount reported as bond payable is shown below:

Particulars Interest at 4.5% Interest at 5% Amortized UnAmortized CV

discount discount

Starting value $30,500 $469,500

($500,000 - $469,500)

June 30 $22,500 $23,475 $975 $29,525 $470,425

($500,000 × 4.5%) ($469500 × 5%)

The six months rate would be the half of the rates given in the question

5 0

2 years ago

Crossfade Corp. has a bond with a par value of $2,000 that sells for $1,902.14. The bond has a coupon rate of 6.48 percent and m

Virty [35]

Answer:

yield to maturity = 7.06%

Explanation:

yield to maturity (YTM) is calculated using the following formula:

YTM = {C + [(FV - PV) / n]} / [(FV + PV) / 2]

FV = $2,000
PV = $1,902.14
C = $2,000 x 6.48% x 1/2 = $64.80
n = 12 x 2 = 24

YTM = {64.80 + [(2,000 - 1,902.14) / 24]} / [(2,000 + 1,902.14) / 2] = (64.80 + 4.0775) / 1,951.07 = 0.0353 or 3.53% semianually or 7.06% annually

Since the bond sells at a discount, its yield to maturity will be higher than the coupon rate.

8 0

2 years ago

A manufacturer reports the information below for three recent years. Year 1 Year 2 Year 3 Variable costing income $ 120,500 $ 12

vesna_86 [32]

Answer:

Absorption income 114, 610 127,500 127,320

Explanation:

Year 1 Year 2 Year 3

Beginning finished

Goods inventory (units) 0 1,550 1,050

Ending finished

Goods inventory (units) 1,550 1,050 1,150

Change in Inventory 1550 500 100

Fixed manufacturing

Overhead per unit $ 3.80 $ 3.80 $ 3.80

Absorption Income Less

Variable Income $ 5890 ($ 1900) $ 380

Variable costing income $ 120,500 $ 125,600 $ 127,700

Difference $ 5890 ( $ 1900 ) $ 380

Absorption income 114, 610 127,500 127,320

When inventory increases or decreases income differs under absorption and variable costing and is calculated by the following formula

Difference in fixed expense overhead expensed under absorption and variable costing = Change in inventory units * Predetermined overhead rate

When the inventory units increase the fixed manufacturing overhead cost is released from inventory and deducted from variable income.

Similarly when the inventory units decrease the the fixed manufacturing overhead cost is deferred from inventory and added to variable income.

8 0

2 years ago

The mean household income in a country in a recent year was about $77 comma 044 and the standard deviation was about $84 comma

rusak2 [61]

Answer:

a) Income of $272,428 or more would be top 1%.

b) Skewed right

c) Not always normally distributed

Explanation:

We are given the following information in the question:

Mean, μ = $77,044

Standard Deviation, σ = $84,000

Median = $58,423

a) We follow a normal mode

Formula:

$z_{score} = \displaystyle\frac{x-\mu}{\sigma}$

We have to find the value of x such that the probability is 0.01

P(X > x)

$P( X > x) = P( z > \displaystyle\frac{x - 77044}{84000})=0.03$

$= 1 -P( z \leq \displaystyle\frac{x - 77044}{84000})=0.01$

$=P( z \leq \displaystyle\frac{x - 77044}{84000})=0.99$

Calculation the value from standard normal z table, we have,

$\displaystyle\frac{x - 77044}{84000} = 2.326\\\\x = 272428$

Thus, income of $272,428 or more would be top 1%.

b) We should not be confident as the median is not equal to the mean. Hence, it is not a normal distribution. It was just an assumption. Since the mean is greater than the median the distribution of income is skewed towards right.

c) Normal model not be a good one for incomes because the median may not always e equal to the mean and hence, they do not follow a normal distribution.

8 0

2 years ago

When you have carefully checked all the facts and your attitudes and still find that there’s just something about your superviso

Anna11 [10]

Answer:

Your answer to that is try to talk it out with someone and dont hold it in.

Explanation:Have fun and a great day

3 0

2 years ago