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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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Break-Even Sales and Sales to Realize Income from Operations
strojnjashka [21]

Answer and Explanation:

The computation is shown below:

a.

Contribution per unit

= Selling price per unit - Variable costs per unit

= $300 - $200

= $100 per unit

Now  

Break even point (units)

= Fixed costs ÷ Contribution margin per unit

= $14,000,000 ÷ $100

= 140,000 units

And,

b)

Sales units required for a target profit of $1,400,000

So,

= (Fixed costs + Target profits) ÷ Contribution margin per unit

= ($14,000,000 + $1,400,000) ÷ $100

= 154,000 units

4 0
2 years ago
What is the relationship between insurance and successful financial management? 1. Why is insurance important? 2. Consider your
tatiyna

Answer:

insurance is important in that it helps you indemnity the losses occured after the risk occurrence

Explanation:

insurance ensures that you are covered from all period and hazards

6 0
3 years ago
Southern Industries uses job order costing. The following information was drawn from the Company’s monthly accounting reports: J
Vlad [161]

Answer:

The balance in the Work in Process inventory at the month end is $60

Explanation:

Work in Progress : It is a sum of direct material, direct labor and overhead expense. It shows how much percentage of work is left in the company. The work part left in the company is called work in progress.

For computing the Job 3 work in progress, the calculation part is shown below.

= Direct material + Direct labor + overhead expense

= $30 + $10 + 200% × 10

= $30 + $10 + $20

=$60

Hence, the balance in the Work in Process inventory at the month end is $60

8 0
3 years ago
The primary goal of ________ is to get the right people interested in working for an organization or in a specific job, then per
-BARSIC- [3]

Recruiting.

Recruiting is the process of attracting, screening, selecting, and retaining top talent for jobs.

4 0
3 years ago
Read 2 more answers
Select 3 goals or objectives that a leadership plan might include to achieve a solid business strategy. Multiple select question
Alenkinab [10]

The leadership plans that must be included to achieve a solid business strategy are options A, C, and D. Option A is to increase sales; Option C is to attract new customers; and Option D is to reduce costs.

<h3>What is a business strategy?</h3>

An outline that is drawn by keeping in mind the set of goals, plans, or actions that are to be achieved by the company for a successful business in the market with the same kind of product or service is known as a business strategy.

In simple words, to make the growth of business continuous and to maintain the position of business or to grow it, a systematic plan is made on which all the employees of the firm work. This plan is known as a business strategy.

Therefore, 3 goals or objectives that a leadership plan might include to achieve a solid business strategy are option A: increasing sales power, Option C is to attract new customers, while Option D is to reduce costs.

Learn more about business strategy from here:

brainly.com/question/3325483

#SPJ1

4 0
1 year ago
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