1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
cupoosta [38]
3 years ago
5

Acme Home Lending offers home equity loans up to 80% of the home value for its customers. If Sally Johnson has a home valued at

$200,000 and a current mortgage of $50,000, how much can she borrow in a home equity loan from Acme?
a) $50,000
b) $80,000
c) $110,000
d) $150,000
e) $160,000
Business
1 answer:
Ivenika [448]3 years ago
7 0

Answer:

c) $110,000

Explanation:

The computation of the borrowing amount is shown below:

= Value of home × given percentage - current mortgage amount

= $200,000 × 80% - $50,000

= $160,000 - $50,000

= $110,000

For computing the accurate value, we have to deduct the current mortgage amount from the net value of home.

Since only 80% is related to the home value so we take only 80% and rest 20% would be ignored.

You might be interested in
Which of the following is a type of sales promotion?
galben [10]
All of these is your answer
4 0
3 years ago
Your coin collection contains 59 1952 silver dollars. required: if your grandparents purchased them for their face value when th
ololo11 [35]
The coins were purchased in 1952 for their face value, one dollar per coin. This puts total face value at 59 dollars in 1952. They appreciate at 6.6% per year, so in 101 years, their value can be found through this calculation: 59 x (1.066^101) = $37,525.78.
7 0
3 years ago
Hairston Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets a
aleksandrvk [35]

Answer:

Amount in flexible budget of cost of direct material for the month of November shall be $93,456

Explanation:

Flexible budget is the budget prepared based on actual level of output, in relation to standard cost as estimated.

Here, for the month of November

Actual activity = 7,920 units

Standard material cost = $11.80 per unit

Amount in flexible budget based on actual quantity of output shall be

7,920 \times $11.80 = $93,456

Actual cost = $93,926

Therefore, amount in flexible budget of cost of direct material for the month of November shall be $93,456

5 0
3 years ago
Organizational Design: Potential Merger of Hershey and Cadbury Organizational design is a process that deals with how an interna
prohojiy [21]

Answer:

b. competitive expertise regarding the strategies of key competitors in each country in which the company operates

Explanation:

It's not important to take into account your competitors ' strategies in the organizational design of an international company. Because the company should be designed in four primary dimensions, including value chain operations, domestic geography, product features and consumer base.

6 0
3 years ago
The​ "underground economy" is also referred to as A. the informal sector. B. the net domestic product economy. C. the formal sec
Zolol [24]

Answer: Informal Sector.

Explanation: underground economy is also referred to as the informal sector, or the black market. The underground economy simply means the economic transactions that are considered illegal, either because the goods or services traded are unlawful in nature, or because transactions fail to comply with governmental reporting requirements. in developing countries for instance with large shadow economies, the uncollected tax revenue can dwarfed economic growth and hamper the creation of various public programs.

3 0
3 years ago
Other questions:
  • To figure out what type of tests you are best at, you should
    8·2 answers
  • Two individuals start the same training program at the same time, but one is able to grow muscle faster and larger than the othe
    11·2 answers
  • Stanley hart invested in a municipal bond that promised an annual yield of 6.7 percent. the bond pays coupons twice a year. what
    10·1 answer
  • Sapien Corporation has provided the following data for the most recent year: Sales $1,340,000 Gross margin $460,000 Net operatin
    10·1 answer
  • How can being part of an organization help you get a job?
    13·1 answer
  • -
    6·1 answer
  • Suppose that over the last twenty-five years a country's nominal GDP grew to three times its former size. In the meantime, popul
    7·2 answers
  • Energizer emphasizes the importance of a relationship marketing. Why?
    15·1 answer
  • The following data pertain to the Vesuvius Tile Company for July:
    7·1 answer
  • The buyer of a futures contract A. assumes the short position. B. may not sell the contract without the permission of the origin
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!