Answer:
Purchase money mortgage.
Explanation:
A purchase money mortgage is the loan that is given to the individual buying the property.
This loan is issued by the seller of the property as a part of the transaction made when selling the property. The interest rate that comes with this type of loan is high.
The buyers benefit from the purchase money mortgage due to the flexible requirements that is needed in collecting the loan while the sellers benefits from the high interest rates that is added to the loan.
BRICS is an acronym for the economies of Brazil, Russia, India, China, and South Africa combined, which in 2001 were the fastest growing major economies in the world.
<span>The most important thing is to have low credit card fees. Some of them are annual fee, financial charge, late fee, over-the-rate fee..
Also low fee on balance transfers is very important and low APR (Annual percentage rate). APR can be fixed but also variable, however it depend on the amount of balance, the larger the balance, the bigger the rate.
You should also look for a reward for using their credit card.</span>
Answer:
$1 million
Explanation:
The computation of the grant revenue recognized in the fund financial statement is presented below;
Given that
The $2 million could be used for covering up the operating expense and $1 million could be used for purchasing an equipment
So as per the given situation, the $1 million should be recognized
Therefore the same should be considered
