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Vlada [557]
3 years ago
12

One of the main differences between residential mortgage loans and permanent financing of commercial real estate lies in the all

ocation of liability in the case of default. in commercial real estate, a "bankruptcy remote" special-purpose entity is created that shields the actual borrower from personal liability. when a lender cannot lay claim to the personal assets of the defaulted borrower, this type of loan is commonly referred to as a:
Business
1 answer:
TiliK225 [7]3 years ago
7 0

Answer – Nonrecourse loan

 

<span>In commercial real estate, the actual borrower is shielded from personal liability. In this case, the lender cannot lay claim to the personal properties of the borrower if ever he defaults. This type of loan is commonly referred to as a nonrecourse loan.</span>

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You want to buy a new sports car from Muscle Motors for $38,000. The contract is in the form of an annuity due for 60 months at
insens350 [35]

Answer:

$800.71

Explanation:

In this question we use the PMT formula that is shown on the attachment below:

Data provided in the question

Present value = $38,000

Future value = $0

Rate of interest = 10% ÷ 12 months = 0.83333%

NPER = 60 months

The formula is shown below:

= PMT(Rate;NPER;-PV;FV;type)

The present value come in negative

So, after solving this, the monthly payments is $800.71

5 0
3 years ago
A loan officer will use _____ to determine if you will be approved for a loan.
oksian1 [2.3K]
D IS THE CORRECT AWNSER

8 0
3 years ago
Question 8 of 10
kirill115 [55]

Answer:

A. A balance sheet shows the total assets, liabilities, and owner's

equity at the end of the period

Explanation:

As we know that

The income statement recognized only the income earned and expenses incurred of an organization

While on the other hand the balance sheet shows the financial position, profitability of the company. It involves assets, liabilities and stockholder equity

So according to the given options, the option A is correct

hence, the rest of the options would be incorrect

6 0
2 years ago
The following information applies to the questions displayed below.]
MrRissso [65]

Answer:

KORBIN COMPANY

Common Size Comparative Income Statements

For Years Ended December 31, 2017, 2016, and 2015

                                          2017       %          2016          %      2015          %

Sales                            $ 555,000  100    $340,000   100   $278,000  100

Cost of goods sold         283,500    51.1     212,500    62.5   153,900    55.4

Gross profit                      271,500   48.9    127,500     37.5    124,100    44.6

Selling expenses            102,900    18.5      46,920     13.8     50,800     18.3

Administrative expenses 50,668     9.1      29,920       8.8     22,800      6.0

Total expenses               153,568   27.7      76,840     22.6     73,600    26.5

Income before taxes       117,932   21.2      50,660      14.9    50,500      18.2

Income taxes                   40,800     7.4       10,370        3.1      15,670       5.6

Net income                    $ 77,132    13.9   $40,290       11.9  $34,830      12.5

Explanation:

a) Data and Calculations:

KORBIN COMPANY

Common Size Comparative Income Statements

For Years Ended December 31, 2017, 2016, and 2015

                                          2017       %          2016          %      2015          %

Sales                            $ 555,000  100    $340,000   100   $278,000  100

Cost of goods sold         283,500    51.1     212,500    62.5   153,900    55.4

Gross profit                      271,500   48.9    127,500     37.5    124,100    44.6

Selling expenses            102,900    18.5      46,920     13.8     50,800     18.3

Administrative expenses 50,668     9.1      29,920       8.8     22,800      6.0

Total expenses               153,568   27.7      76,840     22.6     73,600    26.5

Income before taxes       117,932   21.2      50,660      14.9    50,500      18.2

Income taxes                   40,800     7.4       10,370        3.1      15,670       5.6

Net income                    $ 77,132    13.9   $40,290       11.9  $34,830      12.5

KORBIN COMPANY

Comparative Balance Sheets

December 31, 2017, 2016, and 2015

                                                  2017            2016         2015

Assets

Current assets                       $ 52,390     $37,924      $51,748

Long-term investments                      0            500         3,950

Plant assets, net                      100,000      96,000       60,000

Total assets                           $152,390   $134,424    $115,698

Liabilities and Equity

Current liabilities                    $22,800     $19,960    $20,300

Common stock                         72,000       72,000      60,000

Other paid-in capital                  9,000         9,000         6,000

Retained earnings                   48,590       33,464       29,398

Total liabilities and equity   $152,390    $134,424    $115,698

b) Korbin's common size income statement shows each line item expressed as a percentage of the revenue or sales value.  This analysis of individual financial statement items is also known as a vertical analysis of the financial statement, making line items comparison to a common base easy.

3 0
2 years ago
Use the following information to prepare the September cash budget for PTO Manufacturing Co. The following informaition relates
Keith_Richards [23]

Answer and Explanation:

The preparation of the cash budget is shown below:

Beginning Cash Balance        $40,000

Budgeted Cash Receipts        $225,000

Total Cash Available                $265,000

Less

Payment of Raw Mat purchases in Aug ( $80,000 × 35%)          $28,000.00

Payment of Raw Mat purchases in Sep ($110,000 × 65%)           $71,500

Direct Labor Payment            $40,000

Other Cash Expenses            $60,000

Income Tax Paid                    $10,000

Bank Loan Interest Paid    $1,000

Total Cash Disbursements   $210,500

Closing Cash Balance           $54,500

We simply deduct the all cash expenses from the total cash available so that the closing cash balance could come

6 0
3 years ago
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