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3 years ago

What fee is charged by a lender for holding credit available for a borrower, often associated with a construction loan?

Business

1 answer:

mr_godi [17]3 years ago

7 0

Answer:

The correct answer is the option 2: Loan Origination Fee.

Explanation:

To begin with, a <em>Loan Origination Fee</em> is the name given in the U.S to an upfront fee, that is being charged by a lender who will process a new loan application and the main purpose of the fee is to compensate the time that is being used for putting the loan in place. Moreover, this type of fees are quoted as a percentage of the total loan. Furthermore, this type of loan is usually associated with a construction loan due to the fact that it will be good for the borrower only is the person plans to sell or refinance within a few years.

You might be interested in

An automotive company was looking to expand internationally and selected three possible countries in which to build a factory. A

Anon25 [30]

Answer:

The automotive company has run into bribery and corruption, one of the most common ethical challenges businesses faced today as they expand internationally.

Explanation:

As with the given scenario above, this company had three potential countries in which to expand their business of building a factory. These countries asked for an amount of extra kickbacks in exchange for helping the company run their business with ease.

However, in the business world, <em>kickbacks</em> are considered an illegal form of payment (or bribe) that one may gave as a compensation to an individual or organization with a considerable superiority and great influence in exchange for an improper advantageous treatment or service.

Such misappropriation of money violates the state or federal laws, which makes it a form of corruption.

Now, the automotive company from the given scenario had faced a dilemma whether to accept the bribe or not. It's a challenge for them as their decision might positively or negatively affect their business expansion.

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3 years ago

Suad Alwan, the purchasing agent for Dubai Airlines, is interested in determining what he can expect to pay for airplane number

lions [1.4K]

Answer:

Alwan expect to pay for airplane 4= $747818.48

Explanation:

given data

expect to pay airplane = 4

3rd plane produce = 20,000 hours

learning curve = 85%

solution

As here logarithmic approach allow get labor for any unit, TN, as

TN = T1(Nb)

here TN is time for the Nth unit and T1 is hours to produce the first unit

b = (log of the learning rate) ÷ (log 2) = slope of the learning curve

T3 = T1(3log(0.85)÷log2)

so we get

So Alwan expect to pay for airplane 4 = $747818.48

6 0

3 years ago

Brandi is discussing an important issue with a colleague, Antoinette, and wants to convey a positive attitude. One way for her t

Shalnov [3]

If Brandi wants to convey a positive attitude. One way for her to do that is by : facing Antoinette directly.

<h3>Positive attitude</h3>

If Brandi want to show a positive attitude when interacting or communicating with Antoinette the best thing is for her to face antonienette face to face or directly.

Positive attitude is important as it help to resolve conflict and it tend to as well lead to creative thinking . Based on this by facing antoniette directly Brandi will be able to achieve her aim.

Therefore one way for her to do that is by : facing Antoinette directly.

Learn more about positive attitude here:brainly.com/question/26697576

#SPJ1

7 0

2 years ago

Riverbed Company sells goods that cost $320,000 to Ricard Company for $407,000 on January 2, 2020. The sales price includes an i

Alecsey [184]

Answer:

a) Journal entries to record the sale on January 2, 2020:

Debit Accounts Receivable with $407,000

Credit Sales Account with $368,500

Credit Deferred Revenue (Installation Fee) with $38,500

Being sales of goods and installation services.

b) Income Statement for 1st Quarter of 2020

Sales - $368,500

Installation Fee - $19,250

Total Income - $387,750

less cost of sales - $320,000

Net Income - $67,750

c) The revenue Shaw should recognize in relation to the sale to Ricard is $387,750 (goods and accrued installation fee). The installation fee to be recognized is for 3 months only.

Explanation:

The installation fee is for 6 months. Therefore, 3 months' worth of fee will be recognized in the income statement ending on March 31, 2020.

7 0

2 years ago

____________the market school aruges that forward exchange rates do the best possible job for forecasting future spot exchange r

rjkz [21]

Answer:

Efficient market school.

Explanation:

Efficient market school is the market school which argues that forward exchange rates do the best possible job for forecasting future spot exchange rates, so investing in exchange rate forecasting services would be a waste of time because it is impossible to have a consistent alpha generation on a risk adjusted excess returns basis as market prices are only affected by new informations.

The efficient market school also known as the efficient market hypothesis (EMH) is a hypothesis that states that asset (share) prices reflect all information and it is very much impossible to consistently beat the market.

Also, forward exchange rates are exchange rates controlling foreign exchange transactions at a specific future date or time.

<em>Hence, according to the efficient market school it would be a waste of time investing in exchange rate forecasting services because all the information about an asset or security is already factored into their prices and as a result of the randomness of the market. </em>

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3 years ago