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1 year 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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The service sector is important for all of the following reasons EXCEPT Select one: A. services make an important contribution t

ioda

Answer:

Answer letter C.

Trade in service can provide traditional and new export opportunities

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3 years ago

The following information has been gathered for Foxmoor Industries for its fiscal year ending December 31: Estimated factory ove

lions [1.4K]

Answer:

Estimated manufacturing overhead rate= $32 per labor hour

Explanation:

Giving the following information:

The estimated factory overhead costs $ 2,496,000. Estimated labor hours 78,000.

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

Estimated manufacturing overhead rate= 2496000/78000= $32 per labor hour

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3 years ago

What is marketing?

mixer [17]

I believe it is;
e. Marketing is a process of creating customer value
based on this excerpt... "<span>the process by which companies create value for customers and build strong customer relationships in order to capture value from customers in return"</span><span />

3 0

3 years ago

Scott Distributors has the following transactions related to notes receivable during the last two months of the year.

lara [203]

Answer:

Dec 1

Dr Notes Receivable 16,000

Cr Cash 16,000

Dec 16

Dr Notes Receivable 4,800

Cr Sales Revenue 4,800

Dec. 31

Dr Interest Receivable 94

Cr Interest Revenue 94

Explanation:

Preparation of Scott Distributors Journal entry

Since we are told that on Dec. 1 Scott Distributors was tend to Loaned tha amount of $16,000 cash to E. Kinder which was on a 1-year, 6% note this means the transaction will be recorded as:

Dec 1

Dr Notes Receivable 16,000

Cr Cash 16,000

Since we were told that Scott Distributors Sold goods to J. Jones by receiving a sum of $4,800, 60-day, 7% note this means the transaction will be recorded as :

Dec 16

Dr Notes Receivable 4,800

Cr Sales Revenue 4,800

The Accrued interest revenue on all notes receivable transactions will be recorded as:

Dec. 31

Dr Interest Receivable 94

Cr Interest Revenue 94

Computation of interest revenue for E. Kinder note and J. Jones

E.kinder=

The amount of $16,000 *0.06*30/360

= $80

Jones note=

The amount of 4,800 *0.07×15/360

= 14

Total accrued interest (80+14)

$94

5 0

3 years ago

If returns of S&P 500 stocks are normally distributed, what range of returns would you expect to see 95% of the time? Ba

svetlana [45]

Answer: -29.75% to 52.33%

Explanation:

Given the Average return and the standard deviation, the range that is to be expected 95% of the time can be calculated by;

Upper bound = Average + (2 * standard deviation)

Lower Bound = Average - (2 * standard deviation)

Upper bound = 11.29% + (2 * 20.52%)

= 11.29% + 41.04%

= 52.33%

Lower bound = 11.29% - (2 * 20.52%)

= 11.29% - 41.04%

= -29.75%

The range is, -29.75% to 52.33%

8 0

3 years ago