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oksano4ka [1.4K]
1 year ago
9

Glenn is purchasing a home for $400,000. the property appraised at $415,000 and glenn is financing $300,000. what's the loan-to-

value ratio?
Business
1 answer:
bazaltina [42]1 year ago
8 0

Answer:

75%

<h3>Explanation:</h3>
  • Lenders use the lesser of the sales price or appraised value to calculate the loan-to-value ratio (LTV).
  • This results in LTV of 75% ($300,000/$400,000).
<h3>How do you calculate the loan-to-value ratio?</h3>
  • To figure out your LTV ratio, divide your current loan balance (you can find this number on your monthly statement or online account) by your home's appraised value.
  • Multiply by 100 to convert this number to a percentage. Caroline's loan-to-value ratio is 35%.

To learn more about it, refer

to brainly.com/question/25689052

#SPJ4

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Manufacturing overhead for the month was underapplied by $6,000. The company allocates any underapplied or overapplied manufactu
nikitadnepr [17]

Answer:

b. debit to Work in Process of $660.

Explanation:

Particulars        Work in         Finished   Cost of Goods Sold Total

                           Process  Goods

Manufacturing

overhead

applied during

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Percentage of total 11.0% 11.0% 78.0% 100.0%

Allocation of under-applied

manufacturing overhead   660    660         4680          6000

5 0
2 years ago
Upper management is considering using a biodegradable packaging which costs $5 more per unit but it produces less waste in the l
bonufazy [111]

Answer:

Check the explanation

Explanation:

Please the answer to this question is in the attached file

You can confirm the answer by planning income statement with the calculated amount of unit so that whenever you’re through with the calculation, you must get an income figure of 240000. As the amount of units are in decimal so +/- of small number could be possible like you will get the operating income of 240005 if you put 13077 units .

4 0
3 years ago
When the money market is drawn with the value of money on the vertical axis, the price level increases if Group of answer choice
oee [108]

Answer:

When the money market is drawn with the value of money on the vertical axis, the price level increases, money demand shifts right or money supply shifts left.

Explanation:

if the money market is drawn with the value of money on the vertical axis, while the price level increases there will be a decrement in the  value of money, and an increment in the quantity of money demanded.

An increment in the price level causes the money demand curve to shift to the right , while a decrement in the price level causes the money demand curve to shift to the left.

As the price level decreases, the value of money increases, so people want to hold less of it.

Therefore, when the money market is drawn with the value of money on the vertical axis, the price level increases, money demand shifts right or money supply shifts left.

7 0
2 years ago
The following is an example of what type of group norm?
SCORPION-xisa [38]

Answer:

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Explanation:

The group norms are a set of guidelines that enables the group work according to them. These norms enables a group to work in a systemmaized manner and order.

The procedural group norms are those groups that follows the procedure of functioning. The procedural norms suggests that how a task will be carried out and what to do the next. This group consists of several procedural roles such as facilitator, recorder, etc.

The stated type of group exemplifies the 'procedural group norms.' As the guidelines are set for the group to first complete their individual tasks and then help other's who have not done their tasks.

So, the correct answer is the second option.

8 0
3 years ago
________ is the stealing of another person's Social Security number, credit card number, and other personal information for the
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Answer:

identity theft

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6 0
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