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wel
3 years ago
10

Caroline has been paying her mortgage steadily for fifteen years. She has just received a notice from her lender that the loan d

ue date is approaching and she will owe a lump sum of $11,257 to pay off her mortgage loan. Which type of promissory note has Caroline NOT been paying?
Business
1 answer:
shtirl [24]3 years ago
7 0

Answer: A ballon note

Explanation: A balloon payment mortgage is a mortgage which does not fully amortize over the term of the note, thus leaving a balance due at maturity. The final payment is called a balloon payment because of its large size. Balloon payment mortgages are more common in commercial real estate than in residential real estate.A balloon loan is a loan that you pay off with a single, final payment. Instead of a fixed monthly payment that gradually eliminates your debt, you typically make relatively small monthly payments. But those payments are not sufficient to pay off the loan before it comes due. As a result, you need to make a final “balloon” payment to pay off the remaining loan balance, and that payment may be significant.

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The Assembly Department started the month with 25,300 units in its beginning work in process inventory. An additional 310,300 un
marta [7]

Answer:

305,300 units

Explanation:

The computation of the number of units that should be transferred to the next processing department is given below:

As we know that

Opening inventory +Transferred in inventory = Transferred out inventory + ending inventory

25,300 units + 310,300 units = Transferred out inventory + 30,300 units

So, the Transferred out inventory is

= 25,300 units + 310,300 units - 30,300 units

= 305,300 units

5 0
3 years ago
The following information is available for the Maribel Company for the month of June: The unadjusted balance of the company's Ca
Alex787 [66]

Answer:

The adjusted bank and book balance is shown below:-

Explanation:

The computation of the adjusted bank and book balance is given below:-

                                  Bank statement balance     Book balance

Opening balance        $26,960                             $26,620

Add:        Transit Deposit $3,000            Earned Interest $150

Less:        Outstanding check 4000         Error on check $810

                                                                            ($4,900 - $4,090)

Adjusted Balance    $25,960                                  $25,960

5 0
3 years ago
Suppose your grandma sends you $100 for your birthday and you deposit $100 into your checking account at the local bank. The res
krok68 [10]

Answer:

e. $90; $100

Explanation:

The reserve ratio also known as cash reserve ratio is the portion of deposit that commercial banks must hold onto, rather than lend out or invest. It is determined by the central bank of a country and it varies.

Deposit into local bank=$100

Reserve ratio=10%

reserve ratio=10% of $100

=10/100×$100

=0.1×$100

=$10

Bank reserve has increased by $100 - $10

=$90

Checkable deposit has increased by $100 dollars deposited.

5 0
4 years ago
Read 2 more answers
Costly Corporation is considering using equity financing. Currently, the firm's stock is selling for $26.00 per share. The firm'
makkiz [27]

Answer: 26.85%

Explanation:

Based on the information given in the question, the firm's cost of internal equity will be calculated as:

Cost of equity = (D1/Current price) + Growth rate

= (4.90 / 26.00) + 8.0%

=(4.9/26) + 0.08

=26.85%

Therefore, the firm's cost of internal equity is 26.85%.

7 0
3 years ago
8. What includes retail sales, housing starts, and truck and<br><br> auto sales
GREYUIT [131]

Answer:

monthly data series in a GDP

Explanation:

A GDP is defined as the actual domestically manufactured or produced products or the services provided in a financial year which describes or estimates the financial status or economic status of a country. GDP stands for Gross domestic product.

By analyzing the monthly data series of goods or services produced one can predict the real GDP of a country to be. One can use the monthly observations of the employment, unit auto as well as truck sales, sousing starts, retail sales, trade, automobile inventories, manufacturing, shipment of machinery and equipment, index of the industrial production, etc. to predict the GDP growth or get an idea of the GDP figures that are going to show the robust growth of the economy.

7 0
3 years ago
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