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
Maslowich
3 years ago
11

Why do housing lenders charge more interest up front?

Business
1 answer:
NISA [10]3 years ago
7 0
Why do housing lenders charge more interest up front? More interest is charged up front because the outstanding balance of the loan is higher. As time passes and the loan starts getting paid down, the amount of interest that is paid to the lender also goes down. If you look at a mortgage statement it appears the first few years are all mainly interest because the loan is much higher. The more time you spend paying your home loan, less money will go to interest. 
You might be interested in
On January 1, Parma, Inc. borrowed $100,000 cash from First National and issued a two-year promissory note in that amount. Inter
crimeas [40]

Answer:

Interest expense account

Explanation:

In accounting, interests paid on loan, promissory or any other forms of loan written off to the income statement as an expense in the period in which they are incurred.

Therefore, the interest expense account will be will be debited when Parma records the entry relating to each of the four interest payments. The other leg of the account is to credit the profit and loss account to complete the record.

4 0
3 years ago
The two fundamental sources of marketing research problems are a. ineffective advertising and change. b. poor sales and ineffect
Alex787 [66]

Answer:

Option c (planned change and unplanned change) is the correct choice.

Explanation:

  • Marketing research seems to be the sequential as well as analytical assessment, compilation, review, and distribution of knowledge about marketing performance and customer concerns with the specific goal of helping executives in decision-making related to recognizing and solving advertising major challenges.
  • The challenge regarding marketing research seems to be the assessment of Retailers' advantages and disadvantages. Vis-a-vis certain main competitors as regards factors affecting the profitability including its shop.

3 other alternatives aren't relevant to the subject. So that the option here is just the appropriate one.

8 0
3 years ago
Alpha Technology produces two products: a high-end laptop under the label Excellent Laptops and an inexpensive desktop under the
s2008m [1.1K]

Answer:

Alpha Technology

Outstanding Computer's consumption ratio for setup hours is:

b. 0.48

Explanation:

a) Data and Calculations:

Overhead activities and costs:

Setting up equipment $3,000

Machining $15,000

                                            Excellent      Outstanding

                                             Laptops        Computers

Direct Labor                         $25,000         $10,000

Direct Materials                   $20,000          $5,000

Expected Production in Units 3,000             3,000

Machine Hours                           850             2,000

Setup Hours                                  80                  75

Total setup hours = 155 hours

Outstanding Computer's consumption ratio for setup hours = 75/155 * 100

= 48%

8 0
3 years ago
Josiah, the new Director of HR for a growing marketing firm announces that they will implement "Integrated Talent Management" in
katrin [286]

Answer:

The correct answer is d. Use of analytics and techniques which connect multiple processes associated with employee development and career management.

Explanation:

Integrated talent management is basically a process of continuous improvement, in this case of the marketing team. Employees enter a career plan where the company offers all the guarantees so that their performance in their functions is better and better, for this it is necessary to implement a policy that defines the way in which the strategy will be addressed, communicating it to all old and new employees so that they are aware of the growth processes and the different possibilities offered.

4 0
3 years ago
Are these competitive markets?
ruslelena [56]
I believe it’s A I hope this helps!
5 0
3 years ago
Other questions:
  • Which of the following should occur when assessing a safety and health program’s effectiveness?
    15·1 answer
  • Name 3 negative scenarios that could potentially damage your credit score
    8·1 answer
  • For a monopolistically competitive​ firm, marginal revenue A.is greater than the price.B.equals the price.C.is less than the pri
    13·1 answer
  • Total quality management theorizes that if workers are more responsible, they will ______.
    7·2 answers
  • For​ 2018, Franklin Manufacturing uses machineminushours as the only overhead costminusallocation base. The estimated manufactur
    12·1 answer
  • Imprudential, Inc., has an unfunded pension liability of $800 million that must be paid in 16 years. To assess the value of the
    10·2 answers
  • Frank asked his company's employee benefits director if his group health coverage could be converted to individual coverage. the
    8·1 answer
  • In the country of Mashwen, the state owns key industries such as energy andtransportation. The rest of the industries are privat
    9·1 answer
  • Fabtabtix, a designer clothing brand, has been selling clothes in the country of Grolania for over 30 years. With more number of
    10·1 answer
  • Cost standards for one unit of product no. C77: Direct material 3 pounds at $2.50 per pound $ 7.50 Direct labor 5 hours at $7.50
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!