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Natali [406]
2 years ago
5

Which of the following types of credits would best describes home equity loans? a. closed and secured b. closed and unsecured c.

open and secured d. open and unsecured please select the best answer from the choices provided a b c d
Business
1 answer:
Mandarinka [93]2 years ago
7 0

The home equity loans are such loans often associated with line of credits and are for a short term. Such loans are open and secured types of credit facility.

<h3>What are home equity loans?</h3>

Home equity loans are generally referred to as such loans where the home of the borrower is kept as collateral and is open to be utilized for any legal purpose.

It is generally given for a short term and the repayment is often done monthly over a span of the entire term of the loan. As the collaterals can be used by the banks in case of defaults by the borrower, it is a secured type of loan.

Hence, option C; the above-mentioned facts describe that a home-equity loan is an open and secured type of credit facility.

Learn more about home-equity loans here:

brainly.com/question/20987976

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General and specific
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Answer:

$240,000

Explanation:

Calculation for What is the value of the inventory transferred out, using the weighted-average inventory method

First step is to calculate the Equivalent material cost=

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Second step is to calculate Equivalent conversion cost

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Now let calculate the value of the inventory transferred out, using the weighted-average inventory method

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A vacant lot acquired for $115,000 is sold for $298,000 in cash. What is the effect of the sale on the total amount of the
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Answer:

+$183,000

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+$183,000

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Total liabilities has no change

Total shareholder equity increased by ($298,000 - $115,000) $183,000.

4 0
3 years ago
Travis bought a share of stock for $31.50, the stock paid a dividend of $0.85, and Travis sold it six months later for $27.65. W
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In order to find the dollar profit or loss return we will add the dividend and selling price because that the dividend plus the selling price is the cash that Travis receives or the positive cash and we will subtract the buying price from it because it is the negative cash flow. So we will add all the positive cash flows and subtract negative cash flow from it in order to find the dollar profit loss or return.

Selling price = 27.65

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Say's law in economics is the ability to purchase something depends on the ability to produce and thereby generate income.

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