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2 years ago

Fannie mae says lenders need to use appraisers who have ___________________ appraising manufactured homes.

1 answer:

6 0

Fannie mae says lenders need to use appraisers who have knowledge, experience, and data sources for appraising manufactured homes.

The term appraiser refers to that professional person who determines the market value of an asset generally in the real estate industry.

An appraiser should always act independently of the buying and selling parties in a transaction. The opinion given by them about the real and fair value of an appraised asset must be unbiased in nature. It must be valued by using observations as well as relevant statistics or facts, and the other information.

Depending upon the circumstances, the appraisers always presents their findings in a written as well as verbal appraisal.

To know more about the appraiser here:

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Bachrodt Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the c

marusya05 [52]

Answer:

Product margin= $4,728

Explanation:

Giving the following information:

Processing $ 21,600

Supervising $ 3,700

MHs (Processing) Batches (Supervising)

Product Y7 3,700 400

Product V0 6,300 600

Total 10,000 1,000

First, we need to calculate the estimated overhead rate for each activity:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Pocessing= 21,600/10,000= $2.16 per machine hour

Supervising= 3,700/1,000= $3.7 per batch

Now, we can allocate overhead to product Y7:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Pocessing= 2.16*3,700= $7,992

Supervising=3.7*400= $1,480

Total= $9,472

Finally, we can determine the product margin:

Product Y7:

Sales (total)= 102,200

Direct materials= (40,800)

Direct labor= (47,200)

Allocated overhead= (9,472)

Product margin= $4,728

6 0

3 years ago

a-1. Annual payment of $1,025 for 11 years at 4% interest. (Do not round intermediate calculations. Round your answer to 2 decim

Karo-lina-s [1.5K]

Answer:

a-1// 8,979.49

a-2// 9613.14

b-1// 5,154.36

b-2// 4,676.51

Explanation:

We will calculate each present value using the formula for present value of an ordinary annuity:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

a-1

C 1,025

time 11

rate 0.04

$1025 \times \frac{1-(1+0.04)^{-11} }{0.04} = PV\\$

PV $8,979.4886

a-2

C 825

time 16

rate 0.04

$825 \times \frac{1-(1+0.04)^{-16} }{0.04} = PV\\$

PV $9,613.1439

b-1

C 1,025

time 11

rate 0.16

$1025 \times \frac{1-(1+0.16)^{-11} }{0.16} = PV\\$

PV $5,154.3605

b-2

C 825

time 16

rate 0.16

$825 \times \frac{1-(1+0.16)^{-16} }{0.16} = PV\\$

PV $4,676.5098

6 0

3 years ago

Which of the following items is not included in either M1 or M2?

Vitek1552 [10]

Answer:

Item that are neither include in M1 nor in M2 is currency held by banks

Explanation:

Central bank of united united states decided the flow of cash through the country. There are two type of money supply i.e. M1 and M2.

The M1 type money supply consist money that are more in liquid state like cash deposits etc while on the other side M2 type of supply consist of money that are less in liquid state. This type of supply consist of M1 money with market funds and deposits certificate etc.

Therefore item that are neither include in M1 nor in M2 is currency held by banks.

4 0

3 years ago

This year Andrews achieved an ROE of 10.7%. Suppose management takes measures that decrease Asset turnover (Sales/Total Assets)

S_A_V [24]

Answer:

Andrews's ROE would decrease

Explanation:

Return on equity is an example of a profitability ratio.

Profitability ratios measure the ability of a firm to generate profits from its asset

Return on equity = net income / average total equity

Using the Dupont formula, ROE can be determined using:

ROE = Net profit margin x asset turnover x financial leverage

ROE = (Net income / Sales) x (Sales/Total Assets) x (total asset / common equity)

If asset turnover decreases and other ratios remain constant, ROE declines

5 0

3 years ago

A 10-year corporate bond has a 6 percent coupon, a call premium of $60, and a first call date in year 4. Market interest rates a

Andreyy89

Answer:

YTC = 8.3%

Explanation:

you should calculate the yield to call (YTC)

YTC = {coupon + [(call value - market value)/n]} / [(call value + market value)/2]

but we first need to calculate the market value:

PV of face value = $1,000 / (1 + 6.5%)¹⁰ = $532.73

PV of coupons = $60 x 7.18883 (PV annuity factor, 6.5%, 10 periods) = $431.33

market price = $532.73 + $431.33 = $964.06

YTC = {60 + [(1,060 - 964.06)/4]} / [(1,060 + 964.06)/2] = 83.985 / 1,012.03 = 8.3%

7 0

3 years ago