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2 years ago

What clause is sometimes inserted in a mortgage note in which the lender waives the right to a deficiency judgment?

1 answer:

8 0

The exculpatory clause is the clause which is sometimes inserted in a mortgage note in which the lender waives the right to a deficiency judgment.

<h3>What is the exculpatory clause ?</h3>

This is the term that refers to the clause that would prevent one party in a business venture to hold the other party liable for any forms of damages that may happen in the business. This is what is added in the mortgage note.

Hence we can say that The exculpatory clause is the clause which is sometimes inserted in a mortgage note in which the lender waives the right to a deficiency judgment.

Read ore on exculpatory clause here:brainly.com/question/27222495

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Maglie Company manufactures two video game consoles: handheld and home. The handheld consoles are smaller and less expensive tha

viktelen [127]

Answer:

total overhead allocated to handheld consoles = $889,600

total overhead allocated to home consoles = $550,400

Explanation:

since management has determined that overhead costs must be allocated based on 3 cost drivers, then we should assign:

production runs overhead total

handheld consoles 40/50 $660,000 $528,000

home consoles 10/50 $660,000 $132,000

total 50/50 $660,000

quality tests overhead total

handheld consoles 12/30 $594,000 $237,600

home consoles 18/30 $594,000 $356,400

total 30/30 $594,000

shipping orders overhead total

handheld consoles 100/150 $186,000 $124,000

home consoles 50/150 $186,000 $62,000

total 150/150 $186,000

total overhead allocated to handheld consoles = $528,000 + $237,600 + $124,000 = $889,600

total overhead allocated to home consoles = $132,000 + $356,400 + $62,000 = $550,400

4 0

3 years ago

Read 2 more answers

One advantage of a market-product grid is that it can be used to Multiple Choice select representative samples of consumers for

Alina [70]

Answer:

true

Explanation:

this then narrows what resources both in material and finances have to be put into further marketing and sales of said products

3 0

3 years ago

g In the Shaping Department of Crane Company the unit materials cost is $2.00 and the unit conversion cost is $1.50. The departm

3241004551 [841]

Answer:

$3,450

Explanation:

Step 1 : Equivalent units of production in work in process

Materials = 1,500 x 100 % = 1,500

Conversion Costs = 1,500 x 20 % = 300

Step 2 : Cost to be assigned to the ending work in process

Materials (1,500 x $2.00) $3,000

Conversion (300 x $1.50) $450

Total $3,450

Conclusion

the total cost to be assigned to the ending work in process is $3,450.

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3 years ago

The demand for most products varies directly with changes in consumer incomes. Such products are known as Multiple Choice comple

olasank [31]

Answer:

The correct answer is letter "D": normal goods.

Explanation:

Normal Good is any good or service that sees its increase in demand as a result of an increase in income. Normal goods are defined as having an income elasticity coefficient of demand (<em>percentage change in quantity demanded by the percentage change in price</em>) which is lower than one (1) but is still a positive number.

<em>Consumer staples such as food, drugs, beverages, </em>and <em>basic household products</em> are considered normal goods.

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3 years ago

As the number of sellers in an oligopoly becomes very large, a. the price effect is magnified. b. the quantity of output approac

Charra [1.4K]

As the number of sellers in an oligopoly becomes very large, the quantity of output approaches the socially efficient quantity.

An Oligopoly is when there are few large firms operating in an industry.

Characteristics of an oligopoly:

Firms set the price for their product
Products are differentiated
The demand curve is downward sloping
There is a high barrier to entry and exit of firms into the industry.

As the number of firms increase in an oligopoly, the quantity and price approaches what would exist in a perfect competition. As the number of firms in an oligopoly decreases, the price and quantity produces approaches that would be exist in a monopoly.

To learn more about oligopolies, please check: brainly.com/question/14136347

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2 years ago