What type of investment offers both capital gains and interest income?

For a conventional, conforming loan, the borrower is making a down payment of 12%. The seller wishes to contribute to closing co

maxonik [38]

In such a scenario, the most the seller can contribute to the closing costs is up to<u> 6%. </u>

<h3>When can seller contribute to closing costs?</h3>

The borrower must make a down payment of an amount between 10% and 24.9%.
The loan must be conforming.

As the down payment of 12% falls within the 10% and 24.9% range, the seller can make a contribution of up to 6% should they please.

In conclusion, they can contribute 6%.

Find out more on conventional loans at brainly.com/question/1130069.

5 0

3 years ago

Based on the following information for Montana Investments, Inc., compute the rate of return on total assets. (Round the perce

11Alexandr11 [23.1K]

Answer:

Return on Total asset is 16.18%.

Explanation:

Total Assets, December 31, 2019 $195,000

Total Assets, December 31, 2018 $151,000 For Year Ended December 31, 2019

Interest Expense $7,000

Net Income $28,000

Return on Total Asset = Net Income / Average total Assets

Return on Total Asset = $28,000 / $173,000

Return on Total Asset = 0.1618 = 16.18%

Average total Assets = ( Beginning Assets balance + Ending total Assets balance ) / 2

Average total Assets = ( 151,000 + 195,000 ) / 2 = $173,000

3 0

3 years ago

Price discrimination:A. by firms selling to final consumers is illegal, but it is usually legal in selling to intermediaries.

Firlakuza [10]

Answer:

D. may be legal if the firm can prove that different prices were set based on different costs.

Explanation:

The competition and consumer act seeks to prevent unfair price discrimination by ensuring that sellers offer the same price terms to customers at a given level of trade. However , price discrimination is allowed if the seller can prove that its costs are different when selling to different customers.

5 0

4 years ago

Marv Company's direct labor costs for manufacturing its only product were as follows for October: Standard direct labor hours pe

Sonbull [250]

Answer:

$30,000 unfavorable.

Explanation:

Calculation for what The direct labor efficiency variance for October was

Using this formula

Direct labor efficiency variance = (Standard hours for actual production - Actual hours) × Standard rate per hour

Let plug in the formula

Direct labor efficiency variance=(5,000 × 2 - $207,000 ÷ $18.00) × $20

Direct labor efficiency variance= (10000 - $11,500) × $20

Direct labor efficiency variance= $1,500 × $20

Direct labor efficiency variance= $30,000 unfavorable

Therefore The direct labor efficiency variance for October was $30,000 unfavorable

3 0

3 years ago

Which of the following is a characteristic of a monopolistically competitive market? I. Each firm is a price-taker. II. Firms se

dangina [55]

Answer:

The correct answer is option II and III only.

Explanation:

Monopolistic competition is a market structure where there is a large number of buyers and sellers. The sellers in this market sell differentiated products which are close substitutes.

There is a very low restriction on the entry of new firms in the market. Because of differentiated products each firm has some degree of market power. The firms face a downward-sloping demand curve. This means that the firms decide the price level.

Though the firms enjoy zero economic profits in the long run.

3 0

3 years ago