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nalin [4]
3 years ago
9

How are balloon payment mortgages different from traditional mortgages? Check all that apply.

Business
2 answers:
Jlenok [28]3 years ago
7 0
1 and 3. 

The term is usually shorter for balloon payment mortgages because the banks, the issuer, is less likely to want a longer term period because of the default risk. The main component of a balloon payment is that the borrower pays a lower premium during the term of the loan (sometimes interest only, or IO loan) and then pays off the remaining principal at the end of the term, in the balloon payment. 

Banks are sometimes issuers of this type of loan, though it depends on the borrower's credit-worthiness and relationship with the bank. Balloon payment mortgages are less used than traditional mortgages because of the risk involved for the lender of the borrower being unable to pay the large final payment of the remaining principal at the end of the term. 
Evgesh-ka [11]3 years ago
6 0

The answer is:

1. The term is shorter than for traditional mortgages.

3. A large payment is due at the end of the term.

in balloon payment mortgages, the buyers would had to pay considerably small amount before the mortgage is due.  At the end of the term, the amount of mortgage is fully amortized and leave a huge sum for the final payment.  (just like a balloon that start small and keep getting bigger as it pumped). This type of mortgage is very common in commercial properties.

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A firm has common stock of $100, paid-in surplus of $370, total liabilities of $460, current assets of $490, and fixed assets of
Andre45 [30]
Hi there

shareholders' equity=
(fixed assets+current assets)-liabilities

shareholders' equity=(700+490)−460
=730...answer

(Note that the amount of retained earnings is not provided so you must use total assets minus total liabilities to derive the correct answer)
8 0
3 years ago
Peterson Photoshop sold $1,900 in gift cards on a special promotion on October 15, 2021, and sold $2,850 in gift cards on anothe
Furkat [3]

Answer:

$1,900

Explanation:

Calculation for what Peterson would show as a deferred revenue account for the gift cards with a balance of:

Deferred revenue account=$2,850+($285+$665)

Deferred revenue account=$2,850-950

Deferred revenue account=$1,900

Therefore At 12/31/2021, Peterson would show a deferred revenue account for the gift cards with a balance of:$1,900

5 0
3 years ago
Which school faculty member should you talk to about enrolling in an AP<br> course?
gregori [183]

Answer: The guidance counselor

Explanation:

Social worker is someone who helps people cope with the challenges tahtnthwy face in their lives. Social workers work with people who have addiction issues, people with disabilities, children etc.

A paraprofessional refers to someone who's specially trained to support students in school. Such oeeosn can be a teaching assistant, special education paraprofessional etc.

A registrar is the keeper of records in an educational institution whinis charged with the responsibility of registering students, and keeping their academic records.

The guidance counselor is a professional who provides career, academic, and social-emotional competencies to the students in a schoool through counseling. Such person is the faculty member smtaht you should talk to about enrolling in an AP.

course?

3 0
3 years ago
Timothy McGreggor, Attorney, P.C., began the year with total assets of $129,000, liabilities of $77,000, and stockholders’ equit
Ahat [919]

Answer:

Ending stockholders' equity $ 68.000

Explanation:

The net income for the year is Revenue - Expenses

so $ 113,000 - $34,000     =   Net Income $ 79,000

Stockholders Equity at end of year

Opening stockholders' equity                 $  52,000

Add: Net income for the year                  $  79,000

Less: Dividends Paid                                <u>$ (63,000)</u>

Ending stockholders' equity                    $  68,000

7 0
3 years ago
When dealing with an "ordered list" of items inside of powerpoint it is best to use _____ to organize them?
Norma-Jean [14]

First of all, an ordered list is another phrase for numbered list.

In Microsoft PowerPoint, there are two ways to organize a list: using the Bullets option to create a bulleted list, where the order of items does not matter or using the Numbering option to create a numbered list, <u>where the order of items matter</u>.

Thus, to create an ordered list in Microsoft PowerPoint, you should use the Numbering option.

3 0
3 years ago
Read 2 more answers
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