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
Anon25 [30]
1 year ago
6

a 16-year-old applied for a conventional loan in order to purchase a condominium. the lender denied the application, citing the

applicant's age as the reason for the denial. which of these is true?
Business
1 answer:
notsponge [240]1 year ago
6 0

The true statement about this loan application is that: C. the lender lawfully denied the application because the applicant was under 18 and therefore was too young to legally sign a contract.

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

A loan can be defined as an amount of money that is typically being borrowed by a borrower from a bank or other financial institutions (lender), and it is generally expected to be paid back by a borrower to the lender at a specific period of time with an agreed interest.

Generally, there are different types of loans and these include the following:

  • Secured loan
  • Auto loan
  • Credit-builder Loan
  • Unsecured loan
  • Mortgage loan

<h3>What is a contract?</h3>

A contract can be defined as a formally written agreement between two or more parties such as a group of people, team, etc., which primarily gives rise to a mutual legal obligation that is enforceable by law across specific jurisdiction in the world.

In this context, we can reasonably infer and logically deduce that the true statement about this loan application is that the lender lawfully denied the application submitted by this 16-year-old applicant (borrower) because she was under 18 and therefore was too young to legally sign a contract.

Read more on a contracts here: brainly.com/question/17185606

#SPJ1

Complete Question:

A 16 year old female applied for a conventional loan in order to purchase a condominium. The lender denied the application, citing the applicant's age as the reason for the denial. Which of these is true?

A: the lender violated the ECOA because the applicant is female and sex cannot be a lending consideration

B: the lender violated the ECOA because lending decisions can not be based on age

C: the lender lawfully denied the application because the applicant was under 18 and therefore was too young to legally sign a contract

D: none of these are true

You might be interested in
I am creating a website but I don't know what it should be about. Any ideas? the more the better&gt;
olga2289 [7]

Answer:

maybe a food delivery or clothes type website or a social networking website I don't know if this will help but I do know those 3 options are very common and well used

Explanation:

4 0
1 year ago
Read 2 more answers
Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders
dolphi86 [110]

Answer:

The first part of the question is missing, so I looked for a similar question. I'm not sure that it is the same, but it can help you understand how to solve it.  

Paid-In Capital:

Preferred Stock—5%, $11 Par Value; 150,000 shares authorized, 20,000 shares issued and outstanding : $220,000

Common Stock—$2 Par Value; 575,000 shares authorized, 380,000 shares issued and outstanding : 760,000

total dividends distributed:

2018: $9,000

2019: $45,000

preferred dividends = $220,000 x 5% = $11,000

Distributed dividends:

2018:

$9,000 in dividends distributed to preferred stockholders, $0.45 per preferred stock.

2019:

$13,000* in dividends distributed to preferred stockholders, $0.65 per preferred stock.

$32,000 in dividends distributed to common stockholders, $0.084 per common stock.

Since preferred dividends are cumulative, if they are not paid off during a certain year, they will have to be paid in the future before any common dividends are distributed.

5 0
3 years ago
Which of the following is a drawback of a push strategy?
Gnom [1K]

Answer:

i think it would most like;y be c

Explanation:

3 0
3 years ago
You are given the following information for Watson Power Co. Assume the company’s tax rate is 24 percent. Debt: 14,000 6.3 perce
Alenkinab [10]

Answer:

10.18%

Explanation:

The computation of the WACC is shown below:

But before that following calculation is to be done

The value of debt is

= 14000 × $1,000 × 107%

= $14,980,000

The value of equity is

= 470,000 × $65

= $30,550,000

The value of preferred stock is

= 20,500 × $86

= $1,763,000

Now

value of total capital is

= $14,980,000  + $30,550,000 + $1,763,000

= $47,293,000

Now we find the cost of debt using excel function i.e.

= RATE(nper,pmt,pv,fv)) × 2

= RATE(29 × 2,1000 × 6.3% ÷ 2,-1000 × 107%,1000)) ×2

= 5.80%

Now  

Cost of common stock is

= 5.2% + 1.16 × 7%

= 13.32%

cost of preferred stock is

= (100 × 4.1%) ÷ 86

= 4.77%

Now finally  

WACC = weight of debt × cost of debt ×(1 - tax rate) + weight of equity × cost of equity + weight of preferred stock ×cost of preferred stock

= ($14,980,000 ÷ $47,293,000) × 5.80% × (1  - 24%)+($30,550,000 ÷ $47,293,000) × 13.32% + ($1,763,000 ÷ $47,293,000) ×4.77%

= 10.18%

5 0
2 years ago
Define nongovernment organizations
arlik [135]

Answer:

-UNICEF Việt Nam – Quỹ Nhi đồng Liên Hiệp Quốc

– UNFPA – Quỹ Dân số Liên Hợp Quốc

– UNIDO – Tổ chức Phát triển Công nghiệp Liên Hiệp Quốc

– Aide et Action International

– IntraHealth International

– The Asia Foundation

Explanation:

Tổ chức phi chính phủ phủ là tổ chức quốc tế trong đó các thành viên tham gia không phải là chính phủ, tổ chức phi chính phủ được thành lập một cách tự nguyện, hợp pháp không vì lợi nhuận, thúc đẩy sự phát triển trong công nghệ, khoa học kỹ thuật…

7 0
3 years ago
Other questions:
  • Career pathways never overlap.<br> True<br> OB.<br> False
    9·1 answer
  • | 50 POINTS | How Is Open End Credit Different From Closed End Credit ? NO GOOGLE ANSWERS ! Provide Advantages And Disadvantages
    8·2 answers
  • Before you started applying for college, a job recruiter offered you a full-time cashier position at a department store, earning
    7·1 answer
  • Preparing T-accounts (ledger) and a trial balance LO P2 Following are the transactions of a new company called Pose-for-Pics.
    6·1 answer
  • You are trying to decide which of two automobiles to buy. The first is American-made, costs $3.0500 x 104, and travels 28.0 mile
    9·1 answer
  • One employee is in charge of the following activities at a refreshment stand: Activity Activity Time per Customer Greet customer
    13·1 answer
  • THESE ARE TRUE OR FALSE!! PLEASE HELP ASAP!!
    10·1 answer
  • In a command economy, which group is most responsible for producing the
    13·1 answer
  • (5) Explain how the looting of shops and malls will affect businesses in terms of the relationship between social responsibility
    10·1 answer
  • What does a university professor do?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!