Answer:
An offer is made on a property listed with broker Green for $93,000. The offer is for $91,000 and the buyer will be obtaining FHA financing. The appraisal comes in at $88,000. The recourse which the buyer have is:
- The buyer may get an FHA loan provided the difference between the appraised price is paid in cash.
Explanation:
- FHA stands for Federal Housing Authority. The FHA loan helps the buyer to get the home and it is a mortgage that is issued by the approved lender of the FHA.
- The benefit of this loan is that these loans require a lower minimum down payments and credit scores as compared to other conventional loans.
- In our case, the buyer will get the the financing from FHA to cover the difference of money between appraised price and actual price of the property.
Answer:
The answer is d. Centralized purchasing is where individual, local purchasing departments, such as at the plant level, make their own purchasing decisions.
Explanation:
Centralized purchasing is a purchasing system in which all the departments of a company with a wide geographical distribution can make purchases through a common purchasing organization.
Based on accounting principles, a $1 per unit tax levied on consumers of a good is equivalent to "a $1 per unit tax levied on producers of the good."
This is based on the idea that the market reaches the exact equilibrium price irrespective of who is accountable for paying the money to the government.
In other words, when the government levies a tax on a good, producers are not exempted from the tax levy because that money will be recouped from the producers' sales or revenue.
Hence, in this case, it is concluded that tax on goods is inevitable to consumers and producers.
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Answer:
<u><em>Less likely to expand.</em></u>
Explanation:
When ever interest rates rise in an economy, the soul purpose of that is to control inflation by influencing the people to save more and consume/spend less.
Hence, when the interest rates will rise, Kathleen will be moving away from the expansion process as she will have to borrow the money at more cost than before, hence increasing the risk of return from the expansion process. Hence this will lead to the demand for loan-able funds to slope downwards.
Hope this helps you. Good Luck.
