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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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Can someone tell me facts about local fundraising. maybe 2 or more facts
Xelga [282]

Answer:

-can provide you with supplemental funds that enhance what your group does and provide new opportunities for your members

- nurture and expand awareness for the cause, project, or brand that you are raising money for

-save and change lives, cure illnesses, protect the planet and make Government change the way they operate

3 0
2 years ago
debits to Work in Process--Assembly Department for April, together with data concerning production, are as follows: April 1, wor
Rina8888 [55]

Answer:

The conversion cost per equivalent unit is $3.31

Explanation:

The computation of the conversion cost per equivalent unit is shown below:

= Total conversion costs ÷ Total equivalent units

where,

Total conversion cost = completed units + Conversion costs during April

                                    = $6,000 + $35,000

                                    = $41,000

And, the total equivalents units equal to

= Finished good units × percentage of completion + ending work in process units  × percentage of completion

= 11,500 units × 100% + 1,500 units × 60%

= 11,500 units + 900 units

= 12,400 units

Now put these values to the above formula  

So, the per unit would equal to

= $41,000 ÷ 12,400 units

= $3.31 per unit

7 0
3 years ago
Pina Colada Furniture factors $670000 of receivables to Sheffield Factors, Inc. Sheffield Factors assesses a 2% service charge o
Reika [66]

Answer and Explanation:

The journal entry is shown below;

Cash $656,600

Factoring charges (2% of $670,000)  $13,400

            To Trade Receivables $670,000

(Being recording these receivables)

Here cash and factory charges is debited as it increased the assets and expense while the trade receivable is credited as decreased the assets

3 0
3 years ago
In the united states, the 401(k) plan or individual retirement account is a what kind of plan ?.
Delicious77 [7]
It is a retirement plan 
4 0
3 years ago
Read 2 more answers
You have just completed a $ 24 comma 000 feasibility study for a new coffee shop in some retail space you own. You bought the sp
ikadub [295]

Answer:

$150,300

Explanation:

The computation of the correct initial cash flow is shown below:

= Capital expenditure + net after taxes + initial investment in inventory

= $33,000 + $112,000 + $5,300

= $150,300

The net after taxes is also term as opportunity cost

And, the initial investment in inventory is also term as change in working capital

All other information which is given is not relevant. Hence, ignored it

6 0
3 years ago
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