It is most likely that a judicial foreclosure will be used when a lending seek the court’s permission to foreclose on a property used as collateral for a loan that is in default.
<h3>What is a foreclosure process?</h3>
Basically, a foreclosure refers to the legal process that allows lenders to recover the amount owed on a defaulted loan by taking ownership of and selling the mortgaged property.
The judicial foreclosure involves the foreclosure proceedings that take place through the court system. This process occurs when a mortgage note lacks a power of sale clause which would legally authorize the mortgage lender to sell the property if a default occurred.
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When health educators are creating and developing print materials, they need to incorporate the behavior change theory and models to decide how to formulate messages? The behavior change theory studies different types of change and how people react to them. Figuring out how people may react to messages allows people to have a better idea on how to address them.
Answer:
100%
Explanation:
401(k) plans are financial provisions that guarantee financial security after retirement. Prior to the Small Business Job Protection Act of 1996, these provisions were bogus and difficult to understand/comply with by businesses. The Act simplifies the requirements and allows employees to enroll in the 401(k) plans where the annual contributions testing is bypassed. Employees vest 100% of their salary. This means that they cannot forfeit all the money contributed. After retirement, they can benefit from their deferrals and profits.
The major purpose of test marketing is to provide management with information : Whether to launch the new product.
<h3>What is test marketing?</h3>
Test marketing refers to the few introduction of a product and a marketing program to determine the reactions of potential customers in a market situation.
The objective of test marketing is to find the limitations and strengths of the product based on customers' reactions. It also help to structure the marketing strategy of that product
Hence, the major purpose of test marketing is to provide management with information whether to launch the new product.
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Answer:
$8,600
Explanation:
The net income year 1 was $21,200
The dividend paid in year 1 was $12,600
Therefore the retained earnings at the end of year 1 can be calculated as follows
= beginning retained earnings + net income - Dividend
= $0 + $21,200-$12,600
= $21,200 - $12,600
= $8,600
Hence the retained earnings at the end of year 1 is $8,600
