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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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As a manager, two of Sylvia's strengths are her ability to communicate goals clearly, and her ability to guide, coach, and motiv
tatuchka [14]

Answer:

The correct answer is letter "D": Leading.

Explanation:

Managers have different functions within their organizations. The leading role implies setting an example of how work should be done in the entity. Managers should be the firsts applying what they request. By leading groups, managers guide employees to the organization's success without forgetting to attempt to fulfill workers' personal objectives.

6 0
3 years ago
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dimaraw [331]

Hope they help you take care

3 0
3 years ago
Goodwill is:
polet [3.4K]

Answer:

The correct answer is The value of a business as a whole, over and above the value of its net identifiable assets.

Explanation:

Goodwill is an intangible asset that reflects the connections of a customer service business, reputation and other similar factors.

It shows the value of a company's reputation, which can affect its market situation, both positively and negatively.

If it affects positively, it is called goodwill. This is a fixed asset, an element of the company with prolonged value, not generally intended for sale.

However, goodwill can be characterized as something that can generate future profits for the company.

3 0
3 years ago
Curley Publishers Inc. projected sales of 51,000 diaries for 2016. The estimated January 1, 2016, inventory is 3,600 units, and
Makovka662 [10]

Answer:

47,900

Explanation:

The projected sales for curley publishers is 51,000

The beginning inventory is 3,600

The ending inventory is 5,000

The budgeted projection units in 2016 can be calculated as follows

= 51,000+5000

= 51,500-3600

= 47,900

Hence budgeted projection units is 47,900

8 0
3 years ago
ensen Enterprises paid $1,300 in dividends and $920 in interest this past year. Common stock increased by $1,200 and retained ea
Alenkasestr [34]

Answer: $990

Explanation:

Based on the information that we are given in the question, the net income will be calculated as:

= Dividends + Retained earnings

= $1300 + (-$310)

= $1300 - $310

= $990

Therefore, the net income is $990.

3 0
3 years ago
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