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Barbara made a contract to sell a house to Bolton. The agreement stated that it was contingent upon the buyer being able to secu

Levart [38]

Answer and Explanation:

A due on sale clause is simply a stipulation in the mortagage agreement that the

"borrower if he wants to sell the property to some other person, first of all he (borrower) shall repay the entire outstanding mortagage amount and then only it is possible to sell the property which is secured under Mortagage agreement.

Hence in essence, the borrower must repay before selling it to some other person which will result in paying the sale proceeds of house to the lender first and the Borrower again has to take loan sometimes from the same lender.

Hence it is imperative that the mortagage obligation cannot be transferred to any other person. That is any subsequent buyer cannot ASSUME the mortagage. Therefore due on sale

Clause prevents assuming of mortagages.

6 0

3 years ago

Stellar Corporation engaged in the following cash transactions during 2017. Sale of land and building $194,800 Purchase of treas

Law Incorporation [45]

Answer:

The cash provided by investing activities is $91900

Explanation:

The net cash provided or (used) by investing activities is computed thus:

Sale of land and building $194800

Purchase of land ($44700)

Purchase of equipment ($58200)

Net cash provided by investing activities $91900

The purchase of treasury refers to purchase of own shares from shareholders,hence it is a financing activity

Payment of dividends to shareholders is also a financing activity

Issuance of common stock and retirement of bonds are also financing activity-related,as a result they do not feature in the above computation of cash provided or used by investing activities

3 0

3 years ago

Cash Flow Data for Interceptors, Inc. 2015 2016 2017 2018 Cash $ 54 $ 78 $ 102 $ 126 Cash from operations $ 146 $ 144 $ 141 $ 13

marysya [2.9K]

Answer:

Interceptors, Inc.

Cash flow from financing in 2018:

$71

Explanation:

a) Data and Calculations:

2015 2016 2017 2018

Cash $ 54 $ 78 $ 102 $ 126

Cash from operations $ 146 $ 144 $ 141 $ 136

Net capital spending $ 178 $ 173 $ 178 $ 183

Cash from financing $ 56 $ 53 $ 61

2015 2016 2017 2018

Cash at the beginning $30 $54 $78 $102

Cash from operations $ 146 $ 144 $ 141 $ 136

Cash from financing $ 56 $ 53 $ 61 $ 71

Net capital spending ($ 178) ($ 173) ($ 178) ($ 183)

Cash $ 54 $ 78 $ 102 $ 126

Cash from the beginning for 2015 = (Cash at the end plus net capital spending) minus (Cash from operations plus cash from financing)

= /$30 ($54 + $178) - ($146 + $56)

Cash from financing in 2018 = (Cash at the end plus net capital spending) minus (Cash from operations plus cash at the beginning)

= $71 ($126 + $183) - ($136 + $102)

7 0

2 years ago

Community hospital just hired a contrast coder who charges $5.00 per record coded. Last week she coded 300 records. The HIM mana

VLD [36.1K]

Answer:

The contrast coder's weekly salary last week was $450.00.

Explanation:

The CC charged $5.00 per record coded. The previous week she coded 300 records.

Write it like:

$5.00 x 300 = 1500.00

Though remember the hospital has a 30% benefit.

So:

1500.00 x 30%*=450.00

*0.30 if you can't do the % sign on the calculator

Sorry if it doesn't work out!

6 0

3 years ago

Suppose that in the U.S. consumer market, the demand for credit cards is increasing. As the demand for credit cards increases, w

Anna [14]

Answer:

Both equilibrium quantity and interest rate will shift to the right.

Explanation:

A shift to the right on those two factors candidates a general increase in the market.

As a demand for a certain product increase, The producer will match it up by increasing the supply of that product in order to accommodate as many consumers as possible. This will cause the equilibrium between demand and supply increased.

As the consumers base grow, there will be more competitors show up to offer the credits for the customers. This will make the potential income that credit providers decreased. As a response, it is very common for them to raise the interest rates for the credit.

8 0

3 years ago