1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
The Better Building Company has a contract to build a building for $100 million. The estimate of the cost of the project is $75
Leni [432]

Answer:

$10 million

Explanation:

Calculation for the reported profit for the first year of the contract

Using this formula

Reported profit=(BB Costs/Project cost estimate)×(Building contract-Project cost estimate)

Let plug in the formula

Reported profit = ($30 million / $75 million)×($100 million – $75 million)

Reported profit=0.4 million ×25 million

Reported profit= $10 million

Therefore the reported profit for the first year of the contract will be $10 million

5 0
3 years ago
Capital that is invested by private companies outside of their home countries is called:
Vedmedyk [2.9K]
FDI , Foreign direct investment
3 0
3 years ago
Philippe Organic Farms has total assets of $689,400, long-term debt of $198,375, total equity of $364.182, net fixed assets of $
solniwko [45]

Answer:

Current ratio= 1.3977

Explanation:

Current Ratio:

It is the measure of company ability to pay short term debits of one year. It also tells how company can increase its current assets.

Given:

Total assets=$689,400

Long-term debt=$198,375

Total equity= $364,182

Net fixed assets =$512,100

Sales = $1,021,500

Formula For current Ratio:

Current Ratio=\frac{Total\ Assets-Net\ Fixed\ Assets}{Total\ Assets-  long_term\ debt-total\ equity}

Current\ Ratio=\frac{\$689,400-\$512,000}{\$689,400-\$364,182-\$198,375}\\ Current\ Ratio=1.3977

4 0
3 years ago
Successful bridging requires a fundamental reformulation of the problem such that the parties are no longer squabbling over thei
VladimirAG [237]
The answer to the question will be true
5 0
3 years ago
In an effort to promote rapid growth, the government of Cashland has kept taxes low, offered little regulation of business activ
Tanya [424]

Answer:

<em>Explained below.</em>

Explanation:

The government of Cashland government<em> should approach toward achieving economic goals.</em>

At the beginning economic goals should be achieved by the capitalist (capitalist is a person who starts an organisation or a business by investing his or her money).

But if the capitalist goes through  the current pressures, then the capitalist should be advised to adopt a more socialist approach when he or she faces the situation again in the up-coming time.

7 0
3 years ago
Read 2 more answers
Other questions:
  • The ramp at railways station has a rough surface. but Why
    5·1 answer
  • What might explain the decline in trust during this time? explain the decline in trust both in terms of the "moral trust" and "r
    9·1 answer
  • During the year, Belyk Paving Co. had sales of $2,560,000. Cost of goods sold, administrative and selling expenses, and deprecia
    12·1 answer
  • Charlie was standing outside his classroom talking on the phone when a friend heard him say, "Thank you for taking my call so qu
    13·1 answer
  • Bocelli Co. purchased $120,000 of 6%, 20-year Sanz County bonds on May 11, Year 1, directly from the county, at their face amoun
    13·1 answer
  • The amount of the average investment for a proposed investment of $218,000 in a fixed asset with a useful life of four years, st
    7·1 answer
  • Shane wants to invest money in a 6% CD account that compounds semiannually. Shane would like the account to have a balance of $1
    11·1 answer
  • In a slow year, Deutsche Burgers will produce 2.8 million hamburgers at a total cost of $3.4 million. In a good year, it can pro
    13·1 answer
  • Simmons LLC purchased an office building and land several years ago for $250,000. The purchase price was allocated as follows: $
    8·1 answer
  • Imagine that two goods are available to you: apples (X) and pears (Y). You like apples half as much as pears. If your fruit budg
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!