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adoni [48]
1 year ago
12

for fannie mae, appraisals of manufactured homes in a condominium project are to be reported on the form and modular homes are t

o be reported using the form.
Business
1 answer:
BARSIC [14]1 year ago
5 0

For Fannie Mae appraisals of manufactured homes in a condominium project are to be reported on the The <u>1004C</u>  form.

For Fannie Mae appraisals of modular homes are to be reported using <u>the standard URAR form.</u>

<h3>What is Fannie Mae appraisals?</h3>

Fannie Mae is known to be a firm that helps to guide one through appraisals. The appraisal is one that is often used to talk or judge the property in regards to its acceptability for the mortgage loan  that is often requested because of its value as well as its marketability.

Therefore,  For Fannie Mae appraisals of manufactured homes in a condominium project are to be reported on the The <u>1004C</u>  form. For Fannie Mae appraisals of modular homes are to be reported using <u>the standard URAR form.</u>

Learn more about appraisals from

brainly.com/question/7595736

#SPJ1

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During November, the production department of a process operations system completed and transferred to finished goods 31,000 uni
Aleks [24]

Answer:

200,800 units

Explanation:

<u>Calculation of Equivalent units of Production of Conversion Costs</u>

Method : weighted-average method.

Completed and Transferred (181,000 × 100%)             = 181,000

Ending Work In Process (33,000 × 60%)                     =   19,800

Equivalent units of Production of Conversion Costs  = 200,800

6 0
3 years ago
The long-term liability section of Rainbow Digital Corporation’s balance sheet as of December 31, 2020, included 10% bonds havin
Anon25 [30]

Answer:

Loss on early extinguishment = 1,008,357.64

Explanation:

Data:

T = Interest rate = 10% = 0.10

FA = Face amount = $1,000,000

RD = Remaining Discount = $139,294

Y = Yield rate = 12% = 0.12

RT = Retirement Time = 6/12 = 0.5

BA = Bonds at = 101% = 1.01

EE = Gain (loss) on early extinguishment = ?

IE = Interest Expense = ?

D = Discount on bond payable = ?

Calculations:

IE = Y * (FA - RD) * RT

IE = 0.12 * ($1,000,000 - $139,294) * 0.5 = 0.12 *  $860,706 * 0.5 = $51,642.36

D = FA - [IE - (T * FA * RT)]

D = $1,000,000 - [$51,642.36 - (0.10 * $1,000,000 * 0.5)] = $1,000,000 - [$51,642.36 - $50,000] = $1,000,000 - $1,642.36 = $998,357.64

EE = FA - [D + (FA * BA)]

EE = $1,000,000 - [$998,357.64 + ($1,000,000 * 1.01)] = $1,000,000 - [$998,357.64 + $1,010,000] = $1,000,000 - 2,008,357.64 = -1,008,357.64

EE = -1,008,357.64 (Loss)

4 0
3 years ago
A company makes two products, A and B. A sells for $100 and B sells for $90. The variable production costs are $30 per unit for
Slav-nsk [51]

Answer:

True

Explanation:

Profit function would be maximised.

Profit = Revenue - Cost

Let units of both goods be = A ,B

Revenue per unit good A = 100

Revenue per unit good B = 90

Variable Cost per unit good A  = 30

Variable Cost per unit good B = 25

Profit Function = (100 - 30)A + (90 - 35)B

= 60A + 65B

{The function is right without including 'average fixed cost' part of 'total cost' in the function because : average fixed cost is a constant & constant figure doesn't effect optimisation (via differentiation , ∵ d (c) = 0)

5 0
3 years ago
The Wall Street Journal reports that the current rate on 5-year Treasury bonds is 2.20 percent and on 10-year Treasury bonds is
Elanso [62]

Answer:

E(5r5) = 0.06

Explanation:

The expected rate <u><em>(which is the the projected return on a monetary investment)</em></u> on the treasury bonds at 4.05% can be calculated as seen below:

Rate on 5-year Treasury Bonds, E(r5) = 2.20%

Rate on 10-year Treasury Bonds, E(r10) = 4.05%

(1 + E(r5))^5 * (1 + E(5r5))^5 = (1 + E(r10))^10

1.0220^5 * (1 + E(5r5))^5 = 1.0405^10

1.11495 * (1 + E(5r5))^5 = 1.48738

(1 + E(5r5))^5 = 1.33403

1 + E(5r5) = 1.05933

E(5r5) = 0.05933

E(5r5) = 0.06

5 0
3 years ago
Which of the items listed below are public services commonly found in societies?
Law Incorporation [45]

public schools and public water supply

8 0
3 years ago
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