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Soloha48 [4]
3 years ago
8

Let’s suppose that a lender has established a 90% loan-to-value ratio cutoff as one of its primary underwriting criteria. If a b

orrower is willing to make a down payment of $125,000 on a home recently appraised at $550,000, what best describes the lender’s decision on whether or not to approve the loan along this dimension?
Business
1 answer:
sergey [27]3 years ago
8 0

Answer:

77.27% or

(17/22)%

The loan will accepted

Explanation:

property value 550,000

haircut 125,000

550,000 - 125,00 = 425,000 mortage value

425,000/550,000 = 77.27% = (17/22)%

The ratio is below the cutoff, so it is within the boundaries the lender expect. The loan will be given.

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A production possibilities frontier identifies the dollar cost of producing a good or service in an economy. True or False
belka [17]

Answer:

A production possibilities frontier identifies the dollar cost of producing a good or service in an economy.

True

Explanation:

Cost of producing could be envisaged through budgeting where the variable cost, fixed cost and total cost is expected to be calculated either through rough estimate.

3 0
3 years ago
firm purchased copper pipes a few years ago at ​$10 per pipe and stored​ them, using them only as the need arises. The firm coul
Lostsunrise [7]

Answer:

The opportunity cost of each pipe and what is the sunk​ cost is $77 and $67 per pipe respectively.

Explanation:

Opportunity cost: The opportunity cost is that cost which is incurred to choose the best options with the available options.

Sunk cost: The sunk cost is that cost which is not recovered in the future. Its other name is the past cost. It does not help to make future decisions as if it is incurred then it cannot be recovered again

So, the opportunity would be the current price i.e $77

And, the sunk cost is $67 per pipe ($77 - $10)

7 0
2 years ago
Handwriting and correct spelling on a work order aren't all that important because they have nothing to do with how well you fix
MArishka [77]

the answer here is false


5 0
3 years ago
Nergui buys only specialized mountain bikes because he believes they are the best product available. He will not buy any parts o
OlgaM077 [116]
Nergui is displaying brand loyalty
5 0
3 years ago
Consider the following information for Maynor Company, which uses a periodic inventory system:
ohaa [14]

Answer:

Instructions are below.

Explanation:

Giving the following information:

January 1 Beginning Inventory 29 $79 $2,291

March 28 Purchase 39 $85 3,315

August 22 Purchase 58 $89 5,162

October 14 Purchase 63 $95 5,985

The company sold 63 units on May 1 and 58 units on October 28.

<u>First, we need to calculate the units in ending inventory:</u>

Ending inventory in units= 189 - 121= 68

<u>To calculate the ending inventory under the FIFO (first-in, first-out) method, we need to use the cost of the last units incorporated into inventory.</u>

Ending inventory= 63*95 + 5*89= $6,430

COGS= 29*79 + 39*85 + 53*89= $10,323

<u>To calculate the ending inventory under the LIFO (last-in, first-out) method, we need to use the cost of the first units incorporated into the inventory</u>

<u></u>

Ending inventory= 29*79 + 39*85= $5,606

COGS= 63*95 + 58*89= $11,147

<u>Finally, to calculate the ending inventory using the weighted-average, we need to calculate the weighted average price:</u>

<u></u>

weighted average price= 16,753/189= $88.64

Ending inventory= 68*88.64= $6,027.52

COGS= 121*88.64= $10,725.44

8 0
3 years ago
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