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OLga [1]
3 years ago
15

of 10 Owner Sam has a $75,000 mortgage on his home. Sam sells his home to Bill for $100,000. Bill pays $7,000 down and borrows $

93,000 on a new mortgage. This mortgage includes the existing $75,000 mortgage because the new lender will make the payments on the old mortgage. This is an example of a what kind of loan?
Business
1 answer:
navik [9.2K]3 years ago
8 0

Answer:

wrap-around loan

Explanation:

Based on the scenario being described within the question it can be said that the type of loan being described is known as a wrap-around loan. This is a loan in which the initial home morgage amount is added to an incremental amount that when summed makes up the total amount that the house is being sold for and which the buyer will need to pay the seller in a given period of time. Which in this type of loan the lender provides the money for this payment.

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peanut butter and jelly are complements. if there is a decrease in the price of jelly, producer surplus in the peanut butter mar
ololo11 [35]

If the price of jelly decreases, the demand for peanut butter, a complementary good to jelly, will increase. The increase in the demand for peanut butter will cause the price of peanut butter to rise.

Peanut butter is a food paste or spread crafted from ground, dry-roasted peanuts. It typically consists of extra components that alter the flavor or texture, which include salt, sweeteners, or emulsifiers. Peanut butter is fed on in many countries. The USA is the main exporter of peanut butter and one of the most important clients of peanut butter annually in step per capita. January 24 is National Peanut Butter Day inside the u.S.. Peanut butter is a nutrient-rich food containing high levels of protein, numerous vitamins, and nutritional minerals. Its miles typically served as diffusion on bread, toast, or crackers, and used to make sandwiches (extensively the peanut butter and jelly sandwich). It's also used in some breakfast dishes and desserts, inclusive of granola, smoothies, crepes, cookies, brownies, or croissants. It's far much like other nut butter such as cashew butter and almond butter.

Learn more about peanut butter here

brainly.com/question/23636252

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8 0
1 year ago
In the block style business letter, the inside address appears below the date, with one blank _______ in between.
Alexxandr [17]

In the block style business letter, the inside address appears below the date, with one blank <u>"paragraph"</u> in between.


Block format is normally utilized for business letters.  

In block format, the whole content is left adjusted and single divided. The special case to the single dispersing is a twofold space between sections (rather than indents for passages).  

Full block style business letters have a formal appearance, anyway they can be utilized in casual business circumstances and also formal ones. In the event that you are searching for a solitary arrangement that will function admirably in each circumstance, this is a decent one to utilize.

6 0
3 years ago
Lenox China Co. would like to get its annual Christmas ornament series into Macy's department stores. Macy's has a buying office
dezoksy [38]

Answer: Option (B)

Explanation:

Here, in this particular case we can state that Lenox would use <em>personal selling </em>as the promotional element in order to reach their Macy's buyer. Personal selling is referred to as use of individuals by businesses in order to sell their commodity after meeting their respective clients face-to-face. The sellers mostly tend to advance the commodity through their belief, conviction appearance and the knowledge regarding the commodity.

5 0
3 years ago
Jeevan and Jayaram started a partnership business. Jayaram is a filmstar. He has no time to be involved in business activity. Je
Hunter-Best [27]

Answer:

•Jayaram is a Limited partner

•Jeevan is an active partner

Explanation:

•A limited partner also known as a silent partner is a partner who does not partake in the day to day running of the business. He only provides capital to the running of the business hence his liability is limited to the amount invested in the business.

Asides providing capital and not being active in the management of the business activity, he can be of help by providing business contact that would bring progress to the business and also give business advice where and when necessary.

• An active partner is a partner who provides capital and also oversees the daily activities of the business. He is a very important partner because of his involvement in the business affairs hence has more liability unlike the limited partner. An active partner's action can make or mar the business because of the influence he has over the business.

3 0
3 years ago
If the contribution margin ratio for domino company is 35%, sales were $2,100,000, and fixed costs were $400,000, what was the i
agasfer [191]
Hi there

income from operations=
Sales-(fixed+variable) cost

So we need to variable cost
Variable cost=
Sales-Contribution margin

Contribution margin=
2,100,000×0.35
=735,000

Variable cost=2,100,000−735,000
=1,365,000

Income from operation
2,100,000−(400,000+1,365,000)
=335,000 ....Answer

Hope it helps
6 0
3 years ago
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