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BartSMP [9]
2 years ago
9

Paula has completed a mortgage application and provided evidence of employment, income, assets owned, and existing debt to the p

otential lending institution. Although Paula has not even begun the process of looking at possible homes to buy, she is eagerly awaiting news from the lender as to whether she has been approved for a mortgage. In what stage of the application process is she
Business
1 answer:
frosja888 [35]2 years ago
3 0

Prequalification

What is Prequalification?

Pre-qualification describes a credit assessment made by a lender based on data supplied by a borrower. Before providing a pre-approval, the lender must first pre-qualify a borrower by evaluating their creditworthiness.

<h2>What is Contractor Prequalification?</h2>
  • The process of acquiring and evaluating information to identify a contractor's capability, capacity, resources, management procedures, and performance is known as contractor prequalification.
  • Financial capability and surety, job history, licensing and credentials, management standards, regulatory, quality, safety, and environmental performance data are examples of typical subject matter areas.
  • Before accepting bids, local government uses audits to determine the prequalification standing of prospective bidders on projects. Only prequalified bidders will be given the opportunity to place a bid.

learn more about prequalification in :

brainly.com/question/14497625?referrer=searchResults

#SPJ4

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A relevant cost is:_______.
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Answer:

b. A cost that differs across decision alternatives.

Explanation:

When managers make business decisions, some costs are incurred when such decisions are made. They are called relevant cost. The main purpose of relevant cost is to avoid duplication of data that are not necessary, which could further make business decisions complicated.

Example of relevant cost is when a business or an organization checks whether or not to sell a business unit. The cost incurred in such decision is called relevant cost.

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3 years ago
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What are the benefits of traditional Technology​
Bas_tet [7]

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They dont cost like a thousand dollars.

Explanation:

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Concord Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were
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Answer:

$2,317,000

Explanation:

The computation of the weighted-average accumulated expenditures for interest capitalization purposes is shown below:

For expenditure on March 1

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On December 31, it would be zero

So, the accumulated expenditures is

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= $2,317,000

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