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Sholpan [36]
3 years ago
9

The Smiths' purchased a residence for $75,000. They made a down payment of $15,000 and agreed to assume the seller's existing mo

rtgage, which had a current balance of $23,000. The Smiths' financed the remaining $37,000 of the purchase price by executing a second mortgage whereby the seller became a mortgagee. This type of loan is called a _______.
Business
1 answer:
777dan777 [17]3 years ago
5 0

Answer:

Purchase money mortgage.

Explanation:

A purchase money mortgage is the loan that is given to the individual buying the property.

This loan is issued by the seller of the property as a part of the transaction made when selling the property. The interest rate that comes with this type of loan is high.

The buyers benefit from the purchase money mortgage due to the flexible requirements that is needed in collecting the loan while the sellers benefits from the high interest rates that is added to the loan.

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Drag the tiles to the correct boxes to complete the pairs.
Alexxx [7]

Answer:

Explanation:

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Employee leasing and outsourcing → Recruitment

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Expanding certain departments ans closing down others → right sizing

Providing paid vacation time to employee → designing compensation package

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Is it ethical to be a billionaire?
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Yes it is 100% you can do anything
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3 years ago
Which of the following describes the substitution effect of a price change?A) The change in demand that results from a change in
Liula [17]

Answer:

The answer is D. The change in quantity demanded of a good that results from a change in price, making the good more or less expensive relative to other goods, holding constant the effect of the price change on consumer purchasing power

Explanation:

Substitution effect is a concept in which, as the price of a good or service increases, less of the good or service is substituted for other less expensive.

For example, if the price of Pepsi were to rise, the substitution effect would cause the consumer to buy less of it and substitute more coca-cola for now relatively more expensive Pepsi.

Option A. is wrong because we are talking about the quantity demanded and not just demand. (Please take note).

6 0
4 years ago
Item15 0.3 points eBookPrintReferences Check my work Check My Work button is now enabledItem 15Item 15 0.3 points Corporation Q,
jolli1 [7]

Answer:

$4,000 is treated as a capital gain and then reduced by the un-offset net losses in 2016 ($300) and 2017 ($100) to arrive at net capital gain of $3,600 ($4,000 - 300 - 100).   $0 of the amount is treated as an ordinary income.

Explanation:

Section 1231 gain arises when an asset (real property or depreciable business property) is sold for more than its current tax basis.  The gain is regarded as a capital gain and taxed at the lower capital gain rates and not as ordinary income.

Section 1231 property are assets used in trade or business and held by the Taxpayer for more than one year. A gain on the sale of Section 1231 business property is treated as a long-term capital gain.

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3 years ago
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Dmitriy789 [7]

Answer: B

Explanation: I work for a bank.

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3 years ago
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