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Bad White [126]
3 years ago
7

Karen and Jay need a larger home. They have two large dogs and a baby on the way. One day in the real estate section, they see t

heir dream home. The couple view the home that very day, make an offer, and it's accepted. There's only one problem: They haven't even put their home on the market. Which type of loan gives Karen and Jay their best option of paying two mortgages until their current home sells?
Business
1 answer:
juin [17]3 years ago
6 0

Answer: BRIDGE LOAN

Explanation: As the name says the bridge loan are the type of loans that bridge the difference between the new home of the buyer and the new mortgage in case the buyers existing home hasn't been sold yet. It is a type of short term loan, the usual time period for such kinds of loan is 2 weeks to 3 years.

In this case Karen and Jay have purchased the new house but sale of their old house is still pending thus from the above explanation we can conclude that bridge loan would be appropriate for them.

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Presented below is net asset information related to the Marin Division of Santana, Inc.MARIN DIVISIONNET ASSETSAS OF DECEMBER 31
BartSMP [9]

Answer:

The impairment loss of $161m is jounalized below:

Account Debit Credit

                                $m         $ m

Loss on impairment 161.00  

Goodwill                               161.00

Being impairment recorded  

The impairment test on Marin division of Santana that gave rise to impairment loss of $161 m found in the attached spreadsheet

Explanation:

Please note excel formula used in each cell.

Download xlsx
8 0
2 years ago
What is the annual opportunity cost of a checking account that requires a $300 minimum balance to avoid service charges? Assume
Mamont248 [21]

The annual opportunity cost of a checking account that requires a $300 minimum balance to avoid service charges is $9. Read below about the analysis of the annual opportunity cost of a checking

<h3>What is the annual opportunity cost of a checking account that requires a $300 minimum balance to avoid service charges?</h3>

The calculation goes thus;

Annual opportunity cost = Minimum balance × Interest rate

= $300 × 0.03

= $9

Therefore, the correct answer is as given above

learn more about annual opportunity cost: brainly.com/question/17204577

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7 0
2 years ago
MC Qu. 112 A company is considering... A company is considering the purchase of new equipment for $105,000. The projected annual
Alina [70]

Answer:

Net Present Value =  $660.98  

Explanation:

<em>The Net present value (NPV) is the difference between the Present value (PV) of cash inflows and the PV of cash outflows. A positive NPV implies a good and profitable investment project and a negative figure implies the opposite. </em>

NPV of an investment:  

NPV = PV of Cash inflows - PV of cash outflow  

<em>PV of cash inflow = A× (1- (1+r)^(-n))/r </em>

A- annul cash inflow, r- 8%, n- 3

PV of cash inflow= 41,000× (1- 1.08^(-3))/0.08

=   105,660.98  

Initial cost = 105,000

NPV =  105,660.98  - 105,000

= $  660.98  

3 0
3 years ago
As one of the seven habits of strong ethical leaders,________ is “the glue that holds ethical concepts together.” this trait can
Furkat [3]
The passion to do right
6 0
3 years ago
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svetlana [45]

Computer professionals who are responsible for designing computers to be used within their companies are the  <u>"system analysts".</u>



A system analyst  is an information technology (IT) professional who has some expertise in analyzing, planning and executing data frameworks. Frameworks investigators survey the reasonableness of data frameworks as far as their proposed results and liaise with end clients, programming sellers and software engineers so as to accomplish these outcomes. A systems analyst is a man who utilizes examination and plan procedures to tackle business issues utilizing data innovation. systems analyst may fill in as change operators who recognize the hierarchical enhancements required, outline frameworks to actualize those progressions, and prepare and propel others to utilize the systems.

6 0
3 years ago
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