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Roman55 [17]
3 years ago
7

An offer is made on a property listed with broker Green for $93,000. The offer is for $91,000 and the buyer will be obtaining FH

A financing. The appraisal comes in at $88,000. What recourse does the buyer have?
Business
1 answer:
NemiM [27]3 years ago
5 0

Answer:

An offer is made on a property listed with broker Green for $93,000. The offer is for $91,000 and the buyer will be obtaining FHA financing. The appraisal comes in at $88,000. The recourse which the buyer have is:

  • The buyer may get an FHA loan provided the difference between the appraised price is paid in cash.

Explanation:

  • FHA stands for Federal Housing Authority. The FHA loan helps the buyer to get the home and it is a mortgage that is issued by the approved lender of the FHA.
  • The benefit of this loan is that these loans require a lower minimum down payments and credit scores as compared to other conventional loans.
  • In our case, the buyer will get the the financing from FHA to cover the difference of money between appraised price and actual price of the property.
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3 years ago
Northern Lights Electronics just completed plans to distribute its new tablet. The product has several unique features that diff
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Answer:

The correct answer is exclusive distribution; selective distribution; intensive distribution.

Explanation:

The exclusive distribution, as its name implies, consists of offering the product or service to a single marketer in order to generate impact at that point of sale; selective distribution corresponds to the sale of the product to a reduced number of marketers in order to start opening the market and offer the product in other areas; and intensive distribution consists of offering the product to a large number of distributors, seeking to expand the business to new places.

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3 years ago
ABC Mechanics charges an estimate fee of $100 plus $40 per hour, x, in labor. XYZ Mechanics charges an estimate fee of $65 plus
Dima020 [189]

Answer:

5 hours  would work! Hope it helps!

Explanation:

100 off top!

40 in labor for each hour

40 times 5 is 200

so that would cost 300

for xyz

65 off top and 50 in labor for each hour

5 times 50 is 250

250 plus 65 is 315 !

7 0
3 years ago
You must estimate the intrinsic value of Noe Technologies’ stock. The end-of-year free cash flow (FCF1) is expected to be $27.50
emmasim [6.3K]

Answer:

= $52.78 per share

Explanation:

<em>The value of a business can be determined using the free cash flow model. According to this model, the value of a firm is is the present value of its free cash flow discounted at the weigthed average cost of capital (WACC.)</em>

<em>The value of equity is the value of firm less value of other instruments (e.g debt and preferred stocks)</em>

<em>Value of equity = Value of the entire firm - Value of debt </em>

We can work out the the value per share using the steps below:

<em>Step 1</em>

<em>Calculate the total value of the firm</em>

Value of firm =  27.50/(0.1-0.07)

 = $916.66 million

<em>Step 2</em>

<em>Calculate the value of equity</em>

<em>Value of equity = Value of the entire firm - Value of debt</em>

= $916.66 million - $125.0 million

=791.666 million

<em>Step 3</em>

<em>Calculate the value per share</em>

Value per share = Value of equity/ units of common stock

=$791.666 million/15 million units

= $52.78 per share

3 0
3 years ago
A decrease in government spending and the enactment of an investment tax credit would definitely cause a. the quantity of loanab
Vesna [10]

Answer:

The correct answer is option d.

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A decrease in government spending will reduce the demand for loanable funds. This will cause the demand curve for loanable funds to shift to the left.  

The leftward shift in the demand loanable funds will cause the interest rates to decrease. This reduction in the interest rate and investment tax credit will cause the quantity of loanable funds traded to increase.

8 0
3 years ago
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