Which section of a professional business letter contains the purpose of the correspondence?

why might the cost of a mortgage loan be greater than the cost of using unsecured corporate debt to finance corporate real estat

Zolol [24]

For real estate income property, mortgage loans are often made on a non-recourse basis. This means that the risk of default must be included in the mortgage interest rate.

<h3>What is a mortgage loan?</h3>

A mortgage is a form of loan used to purchase or maintain a home, land, or another type of real estate. The borrower agrees to repay the lender over time, often through a series of monthly payments divided into principal and interest. The property is subsequently put up as collateral for the loan.

Borrowers must apply for a mortgage through their preferred lender and meet specific criteria, such as credit score requirements and down payments. Mortgage applications are rigorously scrutinized before they reach the closing stage. Mortgage types vary according to the borrower's needs, such as conventional and fixed-rate loans.

To learn more about a mortgage loan, click

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8 0

2 years ago

Which of the following statements is false? Marginal cost will equal average total cost when average total cost is at its lowest

andrew11 [14]

Answer:

Marginal cost will equal average total cost when marginal cost is at its lowest point.

Explanation:

The marginal cost curve always intersects the average total cost curve at its lowest point because the marginal cost of making the next unit of output will always affect the average total cost. As a result, so long as marginal cost is less than average total cost, average total cost will fall.

When marginal cost is below average total cost, average total cost will be falling, and when marginal cost is above average total cost, average total cost will be rising. A further m is most productively efficient at the lowest average total cost, which is also where average total cost (ATC) = marginal cost (MC).

6 0

3 years ago

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Fred must have licensure in order to work as a Barber in New York State. When Fred proves that he has the training and skills ne

IgorC [24]

Answer: the body governing control on business

Explanation:

The body responsible for issuing of tax in most countries and cities differs, in most cities an organization could be set up to monitor different business or a specific business or the state government of that city may stand up for such responsibility. It all depends on the state.

4 0

4 years ago

Steve issues a 30-day negotiable promissory note, payable to the order of Henry, to cover the cost of Henry buying a car for Ste

Neporo4naja [7]

Answer:

As the bank manager, Steve should be informed that the promissory note met all conditions and the case cannot be seen in the same light as a fraud case because the bank had no reasons to suspect any kind of fraudulent activity as everything was filled correctly and no sign of tampering on the note, it was a genuine and verified promissory note. Aside from the amount and signature, there was nothing in the note to show the agreement that both Steve and Henry had, which is not going above $5,000.

So the bank has the right to collect all its money from Steve, it is a form of negligence on the part of Steve to leave the amount blank which Henry took advantage of.

Although Steve could sue Henry for going above the amount they both agreed on.

5 0

3 years ago

Label demand as elastic, unit elastic, or inelastic for each scenario. Use the midpoint method when applicable to calculate the

Alborosie

Answer:

The demand for signature lunchbox container is inelastic. Price elasticity of demand is -1

The demand for gasoline is inelastic. Price elasticity of demand is 0.5

The demand for bus in Austin is inelastic. Price elasticity of demand is -1.38

Explanation:

Midpoint formula for price elasticity of demand = (change in quantity demanded/average quantity demanded) ÷ (change in price/average price)

Signature lunchbox container

change in quantity demanded = 15,000 - 20,000 = -5000

average quantity demanded = (20,000 + 15,000)/2 = 35,000/2 = 17,500

-5000/17,500 = -0.286

change in price = 4 - 3 = 1

average price = 4+3/2 = 7/2 = 3.5

1/3.5 = 0.286

Price elasticity of demand = -0.286/0.286 = -1. The demand is inelastic because the price elasticity of demand is less than 1

Gasoline

Price elasticity of demand is 0.5. The demand for gasoline is inelastic because the price elasticity of demand is less than 1.

Bus in Austin

change in quantity demanded = 61,000 - 70,000 = -9,000

average quantity demanded = (70,000+61,000)/2 = 65,500

-9,000/65,500 = -0.137

change in price = 2.21 - 2 = 0.21

average price = (2+2.21)/2 = 2.105

0.21/2.105 = 0.0998

Price elasticity of demand = -0.137/0.0998 = -1.38. The demand for bus in Austin is inelastic because the price elasticity of demand is less than 1

3 0

3 years ago