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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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2. Ernesto purchased a used car for $6800. He paid 64% sales tax. How much tax did he pay?​
Oxana [17]
6800*.64= 4352

Ernesto payed $ 4352 in tax
4 0
2 years ago
The break-even point is the sales level at which a company_______________.a. incurs a loss. b. contribution margin equals fixed
Neporo4naja [7]

Answer:

b. contribution margin equals fixed costs

e. has a profit of $0.

Explanation:

The break even point is the point in which the firm has no profit and no loss situation. When it meets we called as break even point.

So, the break even point is the point at which the profit is zero plus the contribution margin equals to the fixed cost i.e means

Contribution margin = Fixed cost

Sales - variable cost = Fixed cost

If both are equal so it seems the profit is zero

4 0
3 years ago
A robot manufacturing company in Southeast Asia undertakes a government project to produce multi-utility robots. It requires a s
eimsori [14]

Answer: a. Computer-aided manufacturing

Explanation: A computer-aided manufacturing would help the robot manufacturing company in this regard since it can provide the required software to control the machine tools and processes needed in the manufacture of the multi-utility robots.

Computer-aided manufacturing (CAM) is defined as the use of software and computer-controlled machinery to automate a manufacturing process and is composed entirely of software that tells a machine how to make a product through the generation of toolpaths; a machinery that can turn raw material into a finished product and a post processing unit that converts toolpaths into machine languages. Computer-aided manufacturing thus provides high–speed machine tool paths that greatly minimize cycle times, reduce tool and machine wear and general improvement in quality and accuracy of cutting.

7 0
3 years ago
Read 2 more answers
Financial data for a company is provided below: Cash, end of year, $500,000 Estimation of yearly cash expenses from negative cas
DanielleElmas [232]

Answer:

The company be able to continue without positive cash flows or additional financing for 39 Months

Explanation:

in given information assessed negative income from activity is (155,000), this is expected that there won't be any income from contributing or financing exercises.  

information given for records of sales and stock is superfluous since both are a piece of working income which is as of now evaluated.  

there for shutting balance toward the finish of year is $500,000 separated by negative income of (150,000) equivalents to months organization will ready to proceed without positive income or extra financing

8 0
2 years ago
In a business letter, the true margins are
Free_Kalibri [48]
They are typically 1 to 1 1/4 inches

Hope this helps, good luckkk :)
5 0
3 years ago
Read 2 more answers
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