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1 year ago

Nina and rob prepaid some of their interest to their lender when financing their new home. what's this called?

1 answer:

4 0

If Nina and rob prepaid some of their interest to their lender when financing their new home, This is called buydown.

<h3>What is buydown?</h3>

Buydown can be defined as the process in which a mortgage borrower plan to acquire an interest that is lower by paying prepaid interest or fee.

Hence, Nina and rob are using mortgage financing strategy which is why they prepaid some of their interest to their lender so as to have lower interest.

Learn more about buydown here:brainly.com/question/17438294

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If Real GDP increases at an annual rate of 3 percent and velocity increases at a rate of 2 percent per year, then rules-based mo

inn [45]

Answer:

a. 1

Explanation:

Rules-based monetary policy advocats would most likely set the annual money supply growth rate at 1%. The money supply refers to the total value of money that is available in an economy at a particular point in time. This usually includes currency in circulation as well as demand deposits. However, the exact definition of "money supply" can vary depending on the central bank that manages it.

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3 years ago

Jordan has the following assets and liabilities:-Two Cars $10,000-House $200,000-Mortgage $100,000-Cash $1,000-Car Loans $3,000-

Ilia_Sergeevich [38]

Answer:

The correct option is B. $109,000; $213,000; $104,000

Explanation:

For computing the wealth, first, we have to compute the assets and liabilities value

So, the assets = Cars + House + cash + checking account balance

= $10,000 + $200,000 + $1,000 + $2,000

= $213,000

So, the liabilities = Mortgage + car loans + credit card balance

= $100,000 + $3,000 + $1,000

= $104,000

we apply the accounting equation which equals to

Assets = Liabilities + shareholder equity

And, the wealth equal to

= Assets - Liabilities

= $213,000 - $104,000

= $109,000

Hence, Jordan's wealth is $109,000, the value of Jordan's assets is $213,000, and the value of Jordan's liability is $104,000.

Therefore, the correct option is B. $109,000; $213,000; $104,000

3 0

3 years ago

Iris Company has provided the following information regarding two of its items of inventory at year-end: There are 160 units of

maw [93]

Answer:

$7,840

Explanation:

The inventory of Items A and B should be valued at the lower of cost and the net realizable value.

The cost is the invoice price at time of purchase ,while the net realizable value is the selling price less to sell

Products Cost Selling price cost to sell NRV unit value

A $18 $22 $6 $16 $16

B $48 $54 $4 $50 $48

Item A is valued at $16 each i.e $16*160=$2,560

Item B is valued at $48 each i.e $48*110=$5,280

total value of inventory =$7,840

The ending inventory valued at the lower of cost or net realizable value is worth $7,840

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3 years ago

PLEASE HELP!!! ONLY GOOD ANSWERS,

Helga [31]

The sooner you need the money, the less risk you will be willing to take on.

If you have until you retire, you may be more willing to gamble on riskier investments for the potential of bigger returns because if it doesn't work out you will still have plenty of time to make up the loss. However, if you need the money sooner for a car you should only take on a minimal amount of risk.

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3 years ago

A person may have very strong ethics in the way he or she treats family and friends, but not understand how failure to submit ta

Arturiano [62]

Answer: (D) Application of ethics to business situations

Explanation:

The applications of the business ethics is one of the form of professional ethics in an organization that helps in examine the overall ethical principle and also the moral problems in the environment.

It also helps in governing the actions during the decision making process and also manage the behavior of the person in an organization.

It is also refers to the unwritten principle and the values in an organization that helps managing the company. According to the given question, the application of the business ethics situation is basically encountered by the ethical maturity model.

Therefore, Option (D) is correct answer.

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3 years ago