The correct option is C) Washington, D.C.
By 2015, the foreclosure rate was down by 20%. The metropolitan statistical areas showing the highest percentage of improvement included all of the following except "Washington, D.C".
<h3>What is
foreclosure rate?</h3>
The process of foreclosure starts when a borrower is unable to make their mortgage payments. When a mortgage is foreclosed, the lender normally seizes the property and makes an effort to sell it. This occurs when real estate is utilised as security for mortgage loans, making your house a form of security.
The given are the ways to avoid Foreclosure-
- Ask For Forbearance: As you may remember, forbearance enables borrowers to temporarily suspend mortgage payments while they recover their savings, boost their income, or pay down debt in the wake of financial troubles.
- Apply For A Refinance: Refinancing into a more manageable payment can prevent you from going into default on the loan if you're worried about going through with a foreclosure. This regrettably isn't a possibility for everyone since it can only really be done if you haven't missed a payment.
- Ask For A Mortgage Reinstatement: If you experienced temporary financial issues that have subsequently disappeared, speak with your servicer to learn about your alternatives.
- Apply For A Short Sale: Selling your house for less than what is owed on the mortgage is known as a short sale. This requires the lender's approval, and all of the sale's proceeds will go to the lender.
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The complete question is -
By 2015, the foreclosure rate was down by 20%. The metropolitan statistical areas showing the highest percentage of improvement included all of the following EXCEPT
A) Los Angeles.
B) Miami.
C) Washington, D.C.
D) Atlanta.
Washington, D.C.
The correct answer for the question that is being presented above is this one: "Salary." An active worker receives $500 every two weeks. This kind of monetary reward for work is called salary. Salary is the amount of money that you get after a certain kind of labor is done.
Answer:
13,915 units
Explanation:
With regards to the above, we need to determine first the target or desired profit.
Desired profit = $121,000 × 15% = $18,150
The next step is to calculate the contribution margin, which is the difference between selling price and variable cost.
Contribution margin = Sales - Variable cost
Contribution margin = $67 - $57
Contribution margin = $10 per unit
Target sales is therefore;
Target sales = (Fixed cost + Target profit) / Contribution margin
Target sales = ($121,000 + $18,150) / $10
Target sales = $139,150 / $10
Target sales = 13,915 units
<span>If the government were to impose an interest rate ceiling, it would aid in increasing the quantity of demand and it would expand the accessibility of loanable funds to the general public. However, it might impact the amount of profit received from interest.</span>
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