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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 Loan Origination Fee 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.

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You are considering two investment alternatives. The first is a stock that pays quarterly dividends of $0.38 per share and is t

djyliett [7]

Answer:

The 1-year HPR for the first stock is 16.18%

Explanation:

The computation is shown below:

For investment 1 -

The formula is shown below:

= (Income × quarter ) +Value at the end - Value at the beginning ÷ (Value at the beginning) × 100

= {($0.38 × 2) + $29.25 - $25.83} ÷ ($25.83) × 100

= ($0.76 + $29.25 - $25.83) ÷ ($25.83) × 100

= ($4.18 ÷ $25.83) × 100

= 16.18%

3 0

2 years ago

A firm with a production function Q = KL (where K is units of capital and L is units of labor) has an expansion path that is giv

Charra [1.4K]

Answer:

C. 120

Explanation:

The computation is shown below:

(L × K)

Labor L Capital K Quantity of Output Q Total cost TC

1 2 2 $40

2 4 8 $80

(2 × $20 + 4 × $10)

3 6 18 $120

(3 × $20 + 6 × $10)

4 8 32 $160

(4 × $20 + 8 × $10)

As we can see that if we considered 3 units of labor so the total cost is $120

Hence, the correct option is c.

4 0

3 years ago

Clonex Labs, Inc., uses a process costing system. The following data are available for one department for October:

Alex73 [517]

Answer:

Equivalent units of Production = 46500 & 37800

Explanation:

At the start of October, Clonex Labs inc, started with 385000 units into production and at the end of the month it had completed 409000 units this means the difference between 409000 and 385000 is the number of units transferred to the next department (i.e 24000), now that we have computed this, we find ending work-in-process as follows:

Clonex Labs, Inc. Materials Conversion

Units transferred to the next department: 24000 24,000

Ending work in process :

Materials : 30000x75% 22500

Conversion : 30000x46% 13800

------------- -------------

Equivalent units of Production = 46500 37800

========= ========

3 0

3 years ago

Hammes Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and

Sergio039 [100]

Answer:

c. $191 Favorable

Explanation:

Flexible budget Planning budget Activity variance

Units produced 5,510 units 5,500 units

Revenue $237,481 $237,050

Total Expenses ($207,340) ($207,100)

Net Operating Income $30,141 $29,950 $191 F

Workings

Flexible budget revenue = 5,510 units*$43.10 = $237,481

Planning budget revenue = 5,500 units*$43.10 = $237,050

Flexible budget expenses = $75,100 + $24*5510 = $207,340

Planning budget expenses = $75,100 + $24*5500 = $207,100

4 0

2 years ago

All of the following statements about price are true except a. small changes in price can have big effects on both the number of

MariettaO [177]

Answer:

C. the price for most products and services is always the same.

Explanation:

A price is primarily the task of a numeric incentive to an item. Prices help us to settle on ordinary monetary choices about our needs and wants. Prices are a sign of the popularity of a product; in this manner the more well known the product, the higher the value that can be charged. For instance, on the off chance that you see a table of strap tops available to be purchased, you can securely expect that bridle tops are not prevalent.

3 0

3 years ago