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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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John is a low-level employee at an accounting firm. In his duty as an employee at the firm, John forges documents and signatures
ANEK [815]

Answer:

the three of them could be held personally liable:

  • I. John
  • II. John's manager
  • III. The CEO, who in this specific case we assume could have prevented the crime.

Explanation:

John committed forgery and possibly fraud by forging clients' signatures on documents held by the company. His boss ordered him to do so, so he is also responsible for John's actions. John can even try to put all the blame on his boss alleging that he was forced to forge the signatures. The CEO of the firm is also responsible because the forged documents had to serve someone's illegal purposes, and the CEO probably was the one that needed them or knew about what was going on and didn't do anything to stop it.

6 0
3 years ago
The owner of a small color television set offers to sell it to a neighbor for $75. As the neighbor stands there thinking about t
NNADVOKAT [17]

If he was the first to say he wanted the product and the seller wants to sell it as fast as possible than yes. But not technically it would be  a kind of verbal understanding and agreement.

8 0
3 years ago
While making organizational decisions, managers should take into consideration the needs and interests of the employees, supplie
Art [367]

Answer:

Stakeholders.

Explanation:

Stakeholders are the group of people who may be interested in the processes of a particular company. They are formed by the group of employees, suppliers and customers, who are the stakeholders in the organization.

Therefore, it is necessary that strategic actions and business processes are aimed at satisfying the interests and needs of stakeholders, who are the company's public, that is, the reason for the existence of a company.

It is important for the company to identify who its stakeholders are and how they directly impact the business, so that it can shape a strategy that is aligned with its interests and what they expect from the company.

Satisfying stakeholders and adopting corporate governance, contributes to the company having a strong market position and achieving several competitive and strategic advantages in the market, increasing its results and profitability.

4 0
3 years ago
Which system for tax collection supports the idea that some states are worth more than other states?
Snowcat [4.5K]

which system tax collection system supports the idea that some states are more valuable than others is the Articles of Confederation says that its value will be estimated based on land, people, and improvements

Taxes can be defined as mandatory levies from the people for the state. Every penny of tax money paid by the people will be included in the post of state income from the tax sector. Its use is to finance central and local government spending for the welfare of the community.

Taxes are very beneficial for the state. In full, taxes are widely used for:

  • Financing state expenditures, such as: self-liquidating expenditures, for example: expenditures for productive projects for export goods.
  • Financing reproductive expenditures, such as: expenditures that provide economic benefits for the community, for example: expenditures for irrigation and agriculture.
  • Financing expenses that are not self-liquidating and non-reproductive, for example: expenses for the construction of monuments and recreational objects.
  • Financing unproductive expenses, for example: expenditures to finance national defense or war and expenditures for future savings, namely expenditures for orphans.

You can learn more about tax here brainly.com/question/16423331

#SPJ4

3 0
2 years ago
What is the beta of msft? [hint: look under "key statistics"]. if the risk-free rate (rf) is 5% and the market risk premium e[rm
pshichka [43]
<span>Answer: The beta of MSFT is 1.05. The security market line of the CAPM tells us that the required rate of return is given by: E [ R MSFT ] = R f + β MSFT ( E [ R M - R f ]) = . 04 + 1 . 05 × . 06 = 10 . 3%</span>
6 0
3 years ago
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