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xxMikexx [17]
1 year ago
14

Mishandling and/or improperly managing a borrower’s funds is a practice prohibited by:___.

Business
1 answer:
Gemiola [76]1 year ago
7 0

Mishandling and/or improperly managing a borrower’s funds is a practice prohibited by RESPA

  • The Real Estate Settlement Procedures Act (RESPA) gives consumers more information about settlement expenses and lowers closing costs by doing away with kickbacks and referral fees.
  • The RESPA Act was ratified in December 1974 and went into force on June 20 of the following year. RESPA bans sellers from requiring title insurance firms and forbids loan servicers from requesting unreasonably large escrow accounts.
  • When bribes or other unethical activities took place during the settlement process, a plaintiff has up to one year to file a case to enforce violations. Mortgage loans for residential properties with one to four families are covered by the RESPA Act.
  • The majority of these are loans for purchases, refinances, assumptions, loans for property improvements, and equity lines of credit.

Learn more about RESPA here brainly.com/question/28202570

#SPJ4.

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A company issues $100,000 face value, zero-coupon, 4-year U.S. corporate bonds on January 1, 20XO, when the market rate for simi
aivan3 [116]

Answer:

Amount = Maturity/(1+risk rate)⁴

Amount = $100,000/(1+0.12)⁴

Amount = $63,552 (Approx)

Interest payable = $63,552 x 0.12

Interest payable = $7,626 (Approx)

Interest payable (2nd period) = ($63,552+$7,626) x 0.12

Interest payable (2nd period) = $8,541 (Approx)

Explanation:

                           JOURNAL ENTRY

                                BOOKS OF (.....)

Date          Account title         Debit   Credit

       Cash a/c                   Dr    $63,552  

                  To Bonds payable a/c    $63,552

1st-period    

             Bond Interest a/c       Dr   $7,626

         To Bonds payable a/c                  $7,626

2nd-period  

             Bond Interest a/c       Dr   $8,541

         To Bonds payable a/c                  $8,541

6 0
2 years ago
PLZZZZZZ NEED HELP!!!!!!!!
Naya [18.7K]

Third option I would say goodluck

5 0
2 years ago
Fischer Company has outstanding 8,000 shares of $100 par value, 5% preferred stock, and 50,000 shares of $1 par value common sto
nikklg [1K]

Answer:

The appropriate solution is "$130,000".

Explanation:

The given values are:

No. of common shares outstanding

= 50,000

Dividend per share

= $1.80

No. of preferred shares outstanding

= 8,000

Dividend per share

= $5

Now,

The total dividend on common shares will be:

=  No. \ of \ common \ shared \ outstanding\times Dividend \ per \ share

On substituting the values, we get

=  50,000\times  1.80

=  90,000 ($)

The total dividend on preferred stock will be:

=  No. \  of \ preferred \ shares \ outstanding\times Divided \ per \ share

On substituting the values, we get

=  8,000\times 5

=  40,000 ($)

Hence,

The total dividend paid by company will be:

=  Total \ dividend \ on \ common \ shares +Total \ dividend  \ on \  preferred \ stock

=  90,000+40,000

=  130,000 ($)

Thus the above is the correct answer.

4 0
2 years ago
Rienzi Farms grows sugar cane and soybeans on its 600 acres of land. An acre of soybeans requires 3 hours to plant and brings in
mezya [45]

Answer:

133 acres of sugar cane

and 300 of soybean provide a profit of $ 733,000

Explanation:

We setup the fromulas and use excel solver:

labor hours:  3 x sugar acres + 4 x soybean <= 1,600

profit  = 1,000 x sugar acres + 2,000 soybean

with the restriction soybean <= 300

                 SOLVER  

              acres          hours             PROFIT

sugar cane 133  x 3 = 399       x 1,000 =    133,000

soybeans 300  x 4 = 1,200           x 2,000 =<u>  600,000  </u>

                                                  TOTAL           733,000

6 0
3 years ago
F7 Balikan
Goshia [24]

Answer:

1. Ang mga mamamayan ay maaaring lumahok sa kalahok na demokratikong gobyerno sa pamamagitan ng dalawang paraan pangunahin

a) Sa pamamagitan ng pagboto kung saan pipiliin nila ang kanilang kandidato

b) Sa pamamagitan ng paglapit sa mga nahalal na kandidato na may mga mungkahi

2. Sa aking Barangay, ang mga mamamayan ay aktibong lumahok sa pagboto

3. Ang promosyon ng pakikilahok ng mamamayan ay lalong nagpatibay ng kumpiyansa ng mga tao sa kanilang napiling kandidato dahil nais ng kandidato na aktibong lumahok sila.

Explanation:

1. Ang mga mamamayan ay maaaring lumahok sa kalahok na demokratikong gobyerno sa pamamagitan ng dalawang paraan pangunahin

a) Sa pamamagitan ng pagboto kung saan pipiliin nila ang kanilang kandidato

b) Sa pamamagitan ng paglapit sa mga nahalal na kandidato na may mga mungkahi

2. Sa aking Barangay, ang mga mamamayan ay aktibong lumahok sa pagboto

3. Ang promosyon ng pakikilahok ng mamamayan ay lalong nagpatibay ng kumpiyansa ng mga tao sa kanilang napiling kandidato dahil nais ng kandidato na aktibong lumahok sila.

8 0
2 years ago
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