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evablogger [386]
3 years ago
13

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?
Business
1 answer:
EastWind [94]3 years ago
7 0

Answer:

She can borrow $110,000 in a home equity loan from Acme

Explanation:

Home equity loan is available to the 80% of the Home value. sally has already a mortgage of $50,000 so she can only borrow the differential amount of Allowable loan and existing loan.

As per given data

Home value = $200,000

Allowable Loan limit = $200,000 x 80% = $160,000

Existing Loan = $50,000

Available limit of Loan = Allowable Loan limit - Existing Loan = $160,000 - $50,000 = $110,000

She can borrow $110,000 in a home equity loan from Acme

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Answer:

a) must accept market price for its physical capital inputs.

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The price of gold in the commodity market is being influenced by market speculation.  Market speculation implies investors are trying to profit from the changing prices of gold.  When the market is active, the price of gold will be moving up and down depending on demand.

The current prices are high is a motivation to sell. For I'maGoldMiner to profit from the current high prices, it must continue with production. In the event the prices of physical capital inputs change, the company must accept the new prices.  The high selling prices will assist the company in absorbing any changes input costs. That way, the company will maximize on the current high prices.

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3 years ago
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3 years ago
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You short sold 1,100 shares of stock at a price of $29 and an initial margin of 55 percent. If the maintenance margin is 40 perc
Margaret [11]

Answer:

No of stock = 1100

Price of Stock = 29

Short sale = 31900

Initial Margin % = 55%

Initial Margin = 17545

Total value = 49445

The earnings of the sale is 31900, which is deposited in our account for a total account value of $49,445 (31900+55%)

Maintenance Margin = 40%

Margin Call Value = 49445/ (1+0.4)

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So a margin call will be triggered when the price of the shorted security rises to $32.11

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6 0
3 years ago
When two people witness something at the same time and in the same situation yet interpret it differently, factors that operate
SpyIntel [72]

Answer:

The correct answer is (A)

Explanation:

Every individual has a different sense of thinking and perceiving things and moments. Perceiving things is all about judging, observing and percipient. IN that regard, two people having the same experience can perceive things differently. People interpret things based on their perceptions. Perception can change through experience and knowledge. So, an important factor which shape perception depends on perceivers.

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arsen [322]

Answer:

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Explanation:

At the moment of the purchase, consumers are quality and price given in their decisions making. Most of them, are likely to give up on some of the additional features of a certain good or service towards another because of the differences in the price. So, while giving a sales message where the price is an issue and if our price is favorable in contrast to the competitors, it must be highlighted to attract the consumer's attention and preference.

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