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balu736 [363]
2 years ago
8

Generally, what's the common range for loan origination fees?

Business
1 answer:
stepan [7]2 years ago
4 0

The answer is Loan origination fees that is 1% to 3%.

An origination fee is charged by a lender as compensation for processing a loan application.

What is an origination fee?

  • Origination fees are sometimes negotiable, bur decreasing them or avoiding them usually means paying a higher interest rate over the life of the loan.
  • origination fee are typically set in advance of the loan execution and they should not come as a surprise at the time of closing.
  • It is an upfront fee charged by a lender to process a new loan application. The fee is compensation for executing  the loan.
  • Sometimes origination fee referred to as "discount fees" or "points" particularly when they equal to 1% of the amount borrowed.

To know more about origination fee

Visit: brainly.com/question/13940326?

#SPJ4

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When you were 10 years old, your grandparents put $500 into an account for you paying 7 percent interest. now that you are 18 ye
scZoUnD [109]

Formula for CI = p (1+r/100)t

Substituting the given values, we get

Cl = 500 ( 1 + 7 / 100) 8

<span>Cl = 859 .09</span>

<span>The answer is 859.09</span>

8 0
3 years ago
In the ethical decision making process, moral imagination is used by decision makers while ________.
lapo4ka [179]

In the ethical decision making process, moral imagination is used by decision makers while they consider available alternatives to make an effective decision.

<h3>Ethical decision-making process</h3>

It is essential that this process is guided by the company's set of policies and requirements, which are in compliance with legal norms and promote the development of organizational systems.

Therefore, decision makers need to identify the nature of the decision and the necessary information that will help to consider the available alternatives for the decision to develop possible resolutions and the assessment of the impact of their decision.

The choice of ethical decision must always be prioritized in favor of maintaining organizational transparency that generates greater reliability and positioning in the market.

Find out more information about decision making process here:

brainly.com/question/24864682

7 0
2 years ago
Use the following to prepare the cash budget. What is the ending cash balance? Beginning cash balance $3,000; Cash receipts $50,
aleksley [76]

Answer:

 Ending cash balance = $13,000

Explanation:

<em>A cash budget is statement that shows the estimated cash receipts and the estimated cash payments for a forth coming accounting period. In addition, it provides information about the expected cash balance for the period to which it relates.</em>

With help of a cash budget, a business can plan ahead for  the usage of its surplus funds and how to finance its deficit cash position

Ending cash balance = Beginning cash balance + cash receipts - cash payment

             = 3,000 + 50,000 - 40,000

 Ending cash balance = $13,000

7 0
4 years ago
When a product reaches the decline stage of the product life cycle, a firm has two choices. One choice involves product deletion
DIA [1.3K]

Answer: harvesting

         

Explanation: A harvest strategy is a business plan for either canceling or reducing a product's advertising expenditure. The management decides that improving revenue would expense too much.

In other words, when contemplating likely future sales from the drug, they could not justify the expense.When a commodity has arrived at the end of its life cycle, marketing managers pick a good harvesting approach. They target at generating the maximum return from whatever sales scope is left.

Thus, from the above we can conclude that the correct option is E.

3 0
3 years ago
Colossal Beverages Company sells two​ products, A and B. Mist predicts that it will sell 2 comma 500 units of A and 2 comma 000
REY [17]

Answer:

=$4.07 unit

Explanation:

<em>Weighted average contribution margin is applicable where a business sells more than one product in a constant mix or proportion. It gives an idea of how much is made on the average as contribution from th sale of a unit.</em>

It is determined as follows

Step 1

<em>Total contribution from a mix and total units</em>

<em>Total contribution from a mix</em>=(2500 × $3.50) + (2,000 × $4.80)

=$18,350

<em>Total units in a mix</em> = 2,500+ 2,000 = 4,500 units

Step 2

<em>weighted average unit contribution</em>

=$18,350/4,500units

=$4.07 unit

4 0
4 years ago
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