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2 years ago

Why do you think consistency is so important between the Loan Estimate and the Closing Disclosure?

Business

1 answer:

Andrews [41]2 years ago

8 0

Answer:

~Senpi boi here~

I think that the consistey is so important between the Loan Estimate and the Closing Disclosure is because this can help you understand all the costs involved in getting a mortgage and make it harder for lenders to take advantage of you. And to identify any discrepancies. Also the Loan Estimate shows what you may pay. The Closing Disclosure shows what you will pay.

(Hope this helps!)

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Suppose Ms. Smith sells her 2018 Honda Fit next year. The original cost of the

Greeley [361]

Answer:

Explanation:

Cost=10000

Accumulated depreciation=3000

Sales price=9000

Net value=10000-3000=7000

Gain=9000-7000=2000

7 0

3 years ago

How have embedded computers and the IoT impacted your daily life? What additional uses can you see yourself using? What security

Zigmanuir [339]

NOTE: Before discussing the impacts of embedded computers and the IoT, first, let me briefly explain what both of them are in simple words (without any complex jargon) for a better understanding.

Embedded computers are the programmable controllers (or loosely speaking, chips) designed to perform specific or dedicated tasks within a device. They take input (from sensors etc.), process it in a predefined steps (or instructions) and give an output.

The IoT, on the other hand, is the Internet of Things. It is the system of interconnected things that can communicate with one another directly over the network (internet). The word Things in the IoT incorporates an array of objects ranging from devices like digital and security cameras, wearable watches, GPS navigation systems, washing machines, refrigerators to buildings and even cities.

All in all, embedded computers enable the things with the automation capabilities, while the IoT empowers those things with the communication abilities.

(1) Impacts of Embedded Computers and the IoT

In the current era, almost all devices around us have embedded computer(s). Not only that, many of those devices have an ability to connect to the Internet through WiFi. The impacts of embedded computers and the IoT together can easily be understood by the some of the examples, as follows:

Nowadays, we have smart washing machines that not only be able to rinse, wash and dry clothes automatically, economically and efficiently—thanks to the embedded computers—but they can also be controlled remotely or can also send a notification to a mobile phone by the virtue of the IoT. It saves our energy (by automatically washing the clothes), our money (by efficiently using the detergent), resources (by rinsing and washing the clothes with the amount of water required—water conservation) and our time (by being controlled remotely or by sending a notification on a mobile phone when it’s done instead of us checking up its progress every ten minutes or so). In the past, however, laundry used to be done manually, which was not only a time consuming and tiring task, but it was also an ineffective way for the resource conservation.
Finding a nearby cab is now in the palm of our hands. Modern cab service providers, via their mobile applications, share the location of their cabs, in which the GPS navigation system (consists of GPS module and the embedded computer(s), connected with the internet). Hence, without any hassle, a nearby cab can be arranged and also at any time. The same applies on the most, modern bus services. Before that, one had to be physically on the road to find the cab with no surety of getting one. Now, beforehand, you can book your ride.
Smart door locking systems and smart security cameras inside or outside homes are able to notify the authorities or to the owners in the case of intrusion, and, thus, making lives and possessions safe and secure. Previously, although security cameras and locking systems were there, they couldn’t communicate with other devices (like mobile phones) remotely. A person had to be physically in the house to see the camera feed or to hear the intrusion alarm.
Embedded computers and the IoT is revolutionising the quality of life in terms of health. The IoT based smart-bands or watches can continuously monitor the blood pressure and heart rate in real time through the IoT based devices with embedded computers connected with the sensors. In the case of emergency, those IoT based devices send a notification to the emergency contacts. In the past, there was no way of checking your ECG at home—let alone the question of automatically sending ECG report to the emergency contacts.

In a nutshell, embedded computers and the IoT have impacted our daily lives in a meaningful and constructive way.

(2) Additional Uses

Well, this part of the question cannot be answered in a generic way; therefore, let me give you my opinion on that.

I am seeing myself using the IoT based learning devices like Google Nest thermostat. It uses machine learning to automatically set the optimal temperature of the home.

Ease: To change the temperature, there is no need to be physically there where the thermostat is installed.

Saving: It automatically turns off when there is no person in the home, which is a big plus for saving some extra bucks.

Furthermore, I can see myself using the smart IoT based weight machine that would warn me to stop getting out of shape based on my weight; in the case of non-compliance, it would send my weight as a post to all of my social media accounts. ;)

(3) Security or Other Risks

The privacy would be the major concern (and could be compromised with the usage of IoT). As in the IoT based systems, everything is connected to the internet. Therefore, all the cybersecurity risks and issues are applied on the IoT as well.

The more IoT based devices increase in number, the more the complexity of handling those devices would increase, which may become a bane instead of a boon to a user.

6 0

3 years ago

Which of the following is most likely missing from your financial plan if you are not prepared for an emergency? a. financing b.

suter [353]

I believe the answer is: Savings

When you experience a sudden emergency without preparation, you would most likely take out some percentage of money from your life savings to survive the crisis.To prevent this, most people decided to set aside an emergency fund at their banks or covered their risk by buying insurances.

6 0

3 years ago

Read 2 more answers

Suppose that there is a checkable deposit intoYourBank. Which of the following statements is an accurate description of the chan

maks197457 [2]

Answer: Option (C) is correct.

Explanation:

The required reserves are the reserves that banks have to keep it with central bank. Required reserves are the fraction of Check-able deposits. The required reserves are determined by multiplying the deposited amount with the required reserve ratio.

Required reserves = Deposited amount × Required reserve ratio

Required reserve ratio is set by the central bank.

3 0

2 years ago

Jacob is the owner of a film production company. He promotes a healthy work-life balance for his employees. He also encourages t

babymother [125]

Answer:

The country club style.

Explanation:

The country club style is a leadership style in which there is a high concern for people and low concern for the results which means that the manager is interested in his employees' needs and believes that they will work hard if they are in a good working environment. In terms of results, this tends to be a style in which the manager is relaxed and productivity can be low because there isn't a lot of control. According to this, the leadership style that Jacob is using in this scenario is the country club style because he believes that a healthy work environment is important and he doesn't do anything when his employees miss their deadlines.

6 0

3 years ago