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irakobra [83]
2 years ago
9

XYZ Development has just purchased a large tract of land that it plans to develop into 50 one-acre building lots. To have the ab

ility to sell off individual lots before paying off the entire balance due, the developer will need to obtain
Business
1 answer:
m_a_m_a [10]2 years ago
6 0

To have the ability to sell off individual lots before paying off the entire balance due, the developer will need to obtain a blanket mortgage.

<h3>What is a blanket mortgage?</h3>
  • A blanket mortgage is a single mortgage that covers many properties and serves as security for the loan.
  • Real estate developers and larger investors frequently purchase multiple properties at once, thus a blanket mortgage allows them to consolidate such deals into a single loan.
  • Consider the money you'd save on closing fees, both for the original mortgage and any subsequent refinances.
  • Refinancing from numerous loans to a single blanket mortgage may also result in lower monthly payments, which may increase your cash flow.

Therefore, to have the ability to sell off individual lots before paying off the entire balance due, the developer will need to obtain a blanket mortgage.

Know more about a blanket mortgage here:

brainly.com/question/14455197

#SPJ4

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How long does Bankruptcy stay on your credit report?
svlad2 [7]

The bankruptcy public record is deleted from the credit report either seven years or 10 years from the filing date of the bankruptcy, depending on the chapter you filed. Chapter 13 bankruptcy is deleted seven years from the filing date because it requires at least a partial repayment of the debts you owe

7 0
3 years ago
Tony notes that an electronics store is offering a flat $20 off all prices in the store. Tony reasons that if he wants to buy so
Romashka-Z-Leto [24]

Answer:

The correct answer is A) inconsistent reasoning; saving $20 is saving $20.

Explanation:

Tony is making an uninformed decision or more strictly, his reasoning is inconsistent. A flat discount of $20 is applicable to all products. Whether he  buys something that is worth $50 or $500, his savings would still be the same.

All other options are wrong. If e.g. he this was a flat 20% discount, his savings would have been much different. e.g. 20% of $50 is $10 while it equals to a $100 for a $500 product.

At this point, he would have to make rational decision on what he really needs to buy.

6 0
3 years ago
Mountain gear has been using the same machines to make its name brand clothing for the last five years A cost efficiency consult
IgorC [24]

Answer:a. The company will be $11,000 better off over the 5 year period if it replaces the old machine.

Explanation:

The purchase of the new machine will bring the annual operating expenses to $9,000 compared to the $15,000 been spent on the old machine which brings in a savings of $6000 and when this is added to the $ 5000 increase sales revenue from the new machine, it means the company will be better off by $11,000 over the next five year if it replaces the old machine.

There is no justification for being $12,000, $20,000 or $6000 better off over the next five year by either replacing or keeping the old machine.

5 0
3 years ago
What does every point on a budget line graph represent?.
Marysya12 [62]

Every point on budget line graph represents each number of possible unit that can be purchased with a given income.

<h3>What is a budget line graph?</h3>

Budget line graph shows series of combinations of two products that can be consumed by an individual at a given price and income.

  • Budget line is said to be a constraint line graph because an individual cannot go beyond the limits of consumption.

  • Each unit of goods is indicated on the graph using with a dot and only the combination of the two goods that falls within budget can be purchased.

Therefore, every point on budget line graph represents each number of possible unit that can be purchased with a given income.

For more details on budget line kindly check brainly.com/question/24765766

4 0
3 years ago
Disney differentiates itself by not simply having customers go on a ride, but instead immersing them in the experience. What is
pochemuha

Answer:

The correct answer is letter "A": Experience differentiation.

Explanation:

Experience differentiation is an engagement method firms use to attract costumers' attention at its maximum level. Companies achieve this by surrounding consumers with an atmosphere where their five senses of the can be used. By doing this, consumers become more immersed in the product the company offers.

5 0
4 years ago
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