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Triss [41]
3 years ago
6

Mr. and Mrs. Haley are purchasing beachfront property in an upscale development. The home comes equipped with all furnishings. T

he Haleys want to get a mortgage that will cover the purchase price plus all the furnishings. What kind of mortgage are they looking for?
Business
1 answer:
Sloan [31]3 years ago
6 0

Answer: Package  Mortgage

Explanation:

The Package Mortgage is a type of mortgage offered to prospective home buyers who want to buy a house that is already fully furnished. This way they do not have to spend extra on buying the furniture. They could just pay for everything as a Package.

The downside of this is that it is higher than other related mortgages and so draws a higher mortgage payment. Also, the collateral will not just include the property itself, but the furniture that the house came with.

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Direction: Arrange the following words.
Elis [28]

Answer:

  1. TOWEL
  2. TISSUE
  3. TABLE NAPKIN
  4. TABLE CLOTH

6 0
3 years ago
Consider four different stocks, all of which have a required return of 15 percent and a most recent dividend of $4.20 per share.
natka813 [3]

Answer:

Dividend yield for W = 5%

Dividend yield for X = 15%

Dividend yield for Y = 20%

Dividend yield for Z = 4.6%

Explanation:

For a constant growth stock Price =\frac{D1}{r-g}

If r is made subject of formula;  r=\frac{D1}{Price}+g = div yield + growth rate

For Stock W, given r = 15% and g= 10%; dividend yield = 15%-10%=5%

For Stock X, given r = 15% and g= 0%; dividend yield = 15%-0%=15%

For Stock Y, given r = 15% and g= -5%; dividend yield = 15%-(-5)%=20%                                      

For Stock Z, the price of the stock today is calculated as follows:

Price of the stock today = \frac{D1}{(1+ke)^1}+\frac{D2}{(1+ke)^2}+\frac{P2}{(1+ke)^2}.

where P2= \frac{D3}{ke-g}

Price of the stock today = \frac{4.2(1.2)}{(1+0.15)^1}+\frac{4.2(1.2)^2}{(1+0.15)^2}+\frac{4.2(1.2)^2(1.1)}{(0.15-0.1)(1+0.15)^2}=109.57

Therefore dividend yield =\frac[D1}{Price} = \frac{4.2(1.2)}{109.57}=4.6%

5 0
3 years ago
West County Bank agrees to lend Drake Builders Company $400,000 on January 1. Drake Builders Company signs a $400,000, 6%, 6-mon
viva [34]

Answer:

The answer is b.Cash ,000 Notes Payable ,000

Explanation:

The exact entry Drake Builders Company has to record in its accounting book for the proceeds received from the issuance of the note is:

1st January

Dr Cash                         400,000

Cr Note Payable          400,000

As at the time the note is issued, no interest expenses has been incurred, all the answer with Interest expenses can be eliminated.

In fact, interest expenses is only incurred and accrued during the lifetime of the note, based on the number of days the note is hold; that is, from the day the fund is lend out to Drake Builders Company; not on the day of issuance.

6 0
3 years ago
By changing a standard from "be nice to customers" to "greet every customer, and if possible by name," a services marketing mana
KiRa [710]

Answer:

a measurable goal

Explanation:

A measurable goal is a part of the S.M.A.R.T goals that brings structure and trackability into your goals and objective.

By greeting and possibly knowing customers names the services marketing manager can to be able to attract more customers not just by understanding what the customer needs but being able to relate available product or services to them.

By so doing the service marketing manager can be able to measure what exactly he/she has achieved after providing the required service to the customer

4 0
3 years ago
Portions of the financial statements for Parnell Company are provided below. PARNELL COMPANY Income Statement For the Year Ended
Pepsi [2]

Answer:

Prepare the cash flows from operating activities section as follows :

Cash Flows from Operating Activities

Income before tax                                        172,000

Adjustments of Non- Cash Items :

Gain on sale of building                              ( 12,000)

Depreciation                                                 127,000

Loss on sale of equipment                             11,000

Adjustments of Changes in Working Capital :

Increase in Accounts Receivables            (120,000)

Decrease in Inventory                                  116,000

Decrease in Prepaid insurance                    34,000

Increase in Accounts payable                     105,000

Increase in Salaries Payable                         21,000

Increase in Deferred tax liability                   12,000

Decrease in Bond discount                         (22,000)

Net Cash flow from Operating Activities   444,000

Explanation:

Indirect Method Adjust the Net Income before tax with movements in working capital items and non-cash items included in income statements.

3 0
3 years ago
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