1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
DIA [1.3K]
1 year ago
14

a type of long term permanent financing for residential construction or large construction projects, that replaces the construct

ion loan is called a (an)
Business
1 answer:
shepuryov [24]1 year ago
5 0

A type of long term permanent financing for residential construction or large construction projects, that replaces the construction loan is called a takeout loan.

<h3>What is a takeout loan?</h3>

A takeout loan is a method of financing whereby a loan that is procured later is used to replace the initial loan.

More specifically, a takeout loan, or takeout financing, is long-term financing that the lender promises to provide at a particular date or when particular criteria for completion of a project are met.

A take-out loan provides a long-term mortgage or loan on a property that "takes out" an existing loan.

The take-out loan will replace interim financing, such as replacing a construction loan with a fixed-term mortgage.

If the take-out loan is used to finance a rental or income-generating property, the take-out lender may be entitled to a portion of the rents earned.

To learn more about take-out loan, refer

brainly.com/question/1415802

#SPJ4

You might be interested in
Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations for June. The jou
Musya8 [376]

Answer:

The option (B) Debit Work in Process Inventory $72.000 credit Factory Wages Payable $172,000 is correct

Explanation:

Solution

Given that:

As the cost of labor was sustained as regards to processing the inventory and it was not completed, so debit the work in process of account.

There also exits a liability of paying labor charges for this it will be payable.

Hence credit factory wages payable.

For the other options they are crediting cash which is not yet paid, here the option A  and E is wrong.

For option D, they are crediting inventory which in this case is not correct due to the existence of a liability for paying labor fees.

The option D is wrong, because they debited with the cost of sold goods.

8 0
3 years ago
Amanda and Jeremy argue about the employment of children in tobacco farms in a certain part of the world. Jeremy is of the view
mixas84 [53]

Answer:

Utilitarianism.

Explanation:

Utilitarianism is extraordinary compared to other known and most compelling moral theories. Like different types of consequentialism, its center thought is that whether activities are morally right or wrong relies upon their belongings. All the more explicitly, the main impacts of activities that are important are the great and terrible outcomes that they produce.

8 0
3 years ago
What is a benefit of obtaining a personal loan?
tester [92]
A.
getting money with special repayment terms
6 0
3 years ago
Driving skills are a basic qualification of
Semmy [17]

Answer: The answer is B mail carriers

Explanation:

5 0
3 years ago
Read 2 more answers
Suppose that demand for a product is Q = 1200 − 4P and supply is Q = −240 + 2P. Furthermore, suppose that the marginal external
eimsori [14]

Answer: 16 units more than social optimum.

DWL = dead weight loss = (1/2)*(Q* - Q°) 12 =96

Explanation:

Q=1200 - 4P and Q=-240 + 2P

In a free market quantity demand =quantity supplied

1200 -4P = -240 +2P

P =240

Sub P

Q* = 240

Socially optimal quantity is

Marginal social benefit (MSC)= marginal social cost(MSC), including external damage =MEC

MPC= marginal private cost =inverse of supply function

MPC = (1/2)*Q + 120

MEC=12

MSC =(MPC +MEC) = (1/2)Q +120 +12

MSC= MPB where MPB is marginal private benefit = inverse of demand functn

MPB = 300 -(1/4)Q

(1/2)Q + 132 =300 - (1/4)Q

Q° = 224

Difference btw Q* & Q° = 16 units more than social optimum.

DWL = dead weight loss = (1/2)*(Q* - Q°) 12 =96

4 0
3 years ago
Other questions:
  • Project P requires an investment of 4000 at time 0. The investment pays 2000 at time 1 and 4000 at time 2. Project Q requires an
    13·1 answer
  • You originally required a risk premium of 6 percent in addition to the rate of return on safe assets before you would purchase s
    13·2 answers
  • Complete the sentence.<br> Citations may cause your __________________ to increase.
    5·2 answers
  • True or false
    9·1 answer
  • Assume a systems development project effort calculation determines that the system will require 240 function points. if the deve
    14·1 answer
  • Under the fair labor standards act, eligible employees may take up to twelve weeks of leave within a twelve-month period to care
    14·1 answer
  • The Art of Getting the greatest benefits from limited Financial Resources is called
    7·2 answers
  • On February 14, Garcia Associates Co. paid $2,300 to repair the transmission on one of its delivery vans. In addition, Garcia pa
    13·1 answer
  • If you are projecting your future financially, what are your
    7·1 answer
  • The weighted average cost method uses the Blank______ cost for Cost of Goods Sold on the income statement and the Blank______ co
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!