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OLga [1]
2 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]2 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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A government makes a contribution to its pension plan in the amount of $10,000 for year 1. The actuarially-determined annual req
miss Akunina [59]

Answer:

$10,000

Explanation:

Based on the information given we were told that the government contribution to the pension plan was the amount of $10,000 for year 1 which simply means the amount of $10,000 will be the pension expenditure for the general fund for year 1.

Therefore the pension expenditure for the general fund for year 1 will be $10,000.

3 0
2 years ago
aaron is earning 5% interest on his savings account. he starts with $5,000.00. how much money will he have in 6 months?
Anvisha [2.4K]

Answer:

I think the answer is $1,500.

Explanation:

I hope this helps. If the answer is wrong then sorry and you don't have to give me the points. In here I think I did the calculation wrong.

7 0
2 years ago
The following standards for variable manufacturing overhead have been established for a company that makes only one product:
pantera1 [17]

Answer:

c $4,450 U

Explanation:

The computation of the Variable overhead spending variance  is shown below:

= (Standard variable overhead Rate × Actual Hour) - (Actual Rate × Actual Hour)

= ($12 × 400 units × 5.6 hours) - ($31,330)

= $26,880 - $31,330

= $4,450 Unfavorable

The (Actual Rate × Actual Hour) is also called as Actual variable overhead.

All other information which is given is not relevant. Hence, ignored it

3 0
2 years ago
________ involves creating a video, e-mail, mobile message, advertisement, or other marketing event that is so infectious that c
slavikrds [6]

The means that involves creating a video, email, mobile message, advertisement, or another marketing event that is so infectious that customers will seek it out or pass it along to their friends is Viral Marketing.

<h3>What do you mean by marketing?</h3>

Marketing refers to the activities undertaken by a company for promoting the buying or selling of a product.

Viral marketing refers to spreading information about any product or service from person to person by word of mouth or sharing via the internet or email.

Viral marketing will increase a company's reach and customer base.

Therefore, viral marketing is the correct choice.

Learn more about Marketing here:

brainly.com/question/13414268

#SPJ1

6 0
2 years ago
Which of the following is an example of objective evidence?
Serhud [2]

Answer:

B. The physical count of securities and cash

Explanation:

An objective is the business's goal and in order to see that the quantity would need to be in a physical sense to see growth over time.

4 0
3 years ago
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