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1 year ago

When borrowers fail to pay property taxes, allow their property to go into disrepair, or ______, they could face loan default.

1 answer:

kramer1 year ago

5 0

When borrowers fail to pay property taxes, allow their property to go into disrepair or miss scheduled mortgage payments, they could face loan default.

Property tax is a charge made on real estate that is owned by a person, a business, or another type of legal body. Property tax is most frequently a real estate ad-valorem tax, which is regarded as a regressive tax. It is computed by the local government in the area where the property is situated, and the owner is responsible for paying it. Usually, taxes are calculated based on the value of the assets that are possessed, including land. However, a lot of places additionally tax things like vehicles and boats that are tangible personal property. The local governing body will use the assessed taxes to pay for water and sewer improvements as well as for other community-beneficial services including libraries, law enforcement, fire protection, and road and highway building.

Learn more about property taxes here:

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Would the outcome have been different if the roles of board chairman and CEO in BP had been combined, as in many large American

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In many companies, the chief executive officer (CEO), who holds the top management position in the company, also serves as chairman of the board. This is often the case with companies that have grown rapidly and still retain the initial founder in those roles.

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3 years ago

Alpha Ltd has appointed you as a manager in the budgeting department. The company has provided the following information to prep

nasty-shy [4]

Answer and Explanation:

The preparation of the cash flow budget is presented below:

Cash Flow Budget

Particulars Jan 2021 Feb 2021 Mar 2021 Apr 2021 May 2021 Jun 2021

Opening Balance $1,000 $1,400 $2,000 $4,600 $8,300 $11,700

Sales $4,000 $4000 $6,000 $7,500 $7,500 $7,500

(2,000 × 2) (2,000 × 2) (2,000 × 3) (2,500 × 3) (2,500 × 3) (2,500 × 3)

Total Cash Inflow $5,000 $5,400 $8,000 $12,100 $15,800 $19,200

Less: Cash payments

Less: Bonus to employees $1,000 $800 $800 $800 $1,500 $1,500

(5,000 × 20% ) (4,000 × 20% ) (4,000 × 20% ) (4,000 × 20% ) (7,500 × 20% ) (7,500 × 20% )

Less: Overhead Cost 2,000 2,000 2,000 2,000 2,000 2,000

Less: Direct material & Direct Labor 500 500 500 500 500 500

Less: Fixed Cost 100 100 100 100 100 100

Net cash generated (A) 400 600 600 4100 3400 3400

Opening Cash balance (B) 1000 1400 2000 2600 6700 10100

Closing Balance (A+B) 1400 2000 4600 8300 11700 15100

Balance as on 30 June 2021 = 15100

We simply deduct all cash payments from the all cash receipts so that the ending balance or closing balance could come

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4 years ago

Sami nguyen is responsible for two departments that continually set conflicting goals. sami must get involved in ____ to achieve

Paul [167]

<span>Sami must get involved in communicating between departments. He needs to set meetings so they can reach a joint goal and plan to get there. He needs to foster teamwork.</span>

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3 years ago

Hey guys, what is the best vacation you ever had? Tell me all about it, mine was when i went to myrtle beach south carolina with

alekssr [168]

Answer:

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3 years ago

Check the ONE factor that is NOT used to determine the best channel to send a message. *

mihalych1998 [28]

Answer:

Concern of your audiences response.

Explanation:

Communication can be defined as a process which typically involves the transfer of information from one person (sender) to another (recipient), through the use of semiotics, symbols and signs that are mutually understood by both parties.

The Sender Message Channel Receiver (SMCR) model of communication was developed and created by David Berlo in 1960. SCMR was developed from the Shannon-Weaver model of communication of 1949.

The SCMR model of communication comprises of four (4) main components and these are;

1. Sender (S) : this is typically the source of information (message) or the originator of a message that is being sent to a receiver. Thus, they are simply the producer of a message.

2. Channel (C) : this is the medium used by the sender for the dissemination or transmission of the message to the recipient. For example, telephone, television, radio, newspapers, billboards etc.

3. Message (M) : this is the information or data that is being sent to a recipient by a sender. It could be in the form of a video, audio, text message etc.

4. Receiver (R) : this is typically the destination of information (message) or the recipient of a message that is being sent from a sender. Thus, the receiver is any individual who is able to read, hear or see and process the message being sent or communicated in the communication process.

The factors used to determine the best channel to send a message includes the following;

I. The importance of a message

II. The amount and speed of feedback from the receiver (recipient).

III. The need for a permanent record of the message.

IV. Cost of the channel.

V. The degree of formality desired by the sender of the message.

VI. Confidentiality and sensitivity of the message being sent.

VII. The preference and level of technical expertise of the receiver (recipient).

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3 years ago