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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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Dashboards can be presented at all the following levels EXCEPT Group of answer choices the visual dashboard level. the static re
Lady bird [3.3K]

Dashboards can be presented at all the following levels except  option C the visual cube level.

<h3>What are  Dashboards?</h3>

Dashboard serves as the panel in a system that consist of containing instruments as well as the control.

Dashboards can be presented :

  • the visual dashboard level.
  • the static report level.
  • the self-service cube level.

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3 0
1 year ago
2. Pure Water is considering buying new production equipment. The new equipment will increase fixed costs by $200,000 per year a
BARSIC [14]

Answer and Explanation:

The computation is shown below:

But before that we need to do the following calculations which are shown below:

The Contribution per unit of faucet is

= $75 - $15

= $60

And, the Contribution per unit of pitcher filter is

= $100 - $30

= $70

Now Contribution per unit in present sales mix is

= [($60 × 2) + ($70 × 3)] ÷ 5

= ($120 + $210) ÷ 5

= $66 per unit

And

The Fixed cost is

= $1,000,000 + $200,000

= $1,200,000

Now  

Break even units is

= $1,200,000 ÷ $66 per unit

= 18,181.81 units

For faucet, it is

= (18,181.81 × 2) ÷ 5

=  7,272.72 units

For pitcher filter, it is

= (18,181.81 × 3) ÷ 5

= 10,909.086 units

4 0
2 years ago
Christine has purchased five bananas and is considering the purchase of a sixth. It is likely she will purchase the sixth banana
Anuta_ua [19.1K]

Answer:

b. the marginal benefit of the sixth banana exceeds its price.

Explanation:

Consumer consumes a commodity only until: that commodity consumption yields him/ her more or at least equal satisfaction than the - dissatisfaction from loosing money (price) spent at that commodity.

Marginal Benefit is in terms of Marginal Utility i.e Additional Satisfaction that consumer gains from consuming an additional unit of a commodity.

So, Christine will purchase 6th Banana only if additional satisfaction from that additional banana's consumption > dissatisfaction owing to price cost paid for it.

If Marginal Value < Price, its satisfactory loss making for her & she will rather reduce banana consumption. Average & Total Values are not apt tools to analyse the case.

7 0
2 years ago
"A registered representative ("RR") has entered an order to buy 100 shares of ABC at $50 per share for a customer. The transacti
ser-zykov [4K]

Answer: The "RR" may change the account number on the order ticket to the correct number if the branch manager approves in writing

Explanation: According to the scenario described above, the error in the executed order can only be effected based on approval by the branch manager after being notified by the registered representative of the error in the order ticket. The official approval to effect the change in the error made in the account details must be put into writing by the branch Manager for privacy and documentation sake as making such change to an order ticket requires following due process.

5 0
3 years ago
rbs A non-profit organization has obtained a temporary daily on-sale license for a fundraiser. Who within the organization has t
Nady [450]

A non-profit organization has obtained a temporary daily on-sale license for a fundraiser. The individual in the organization that has to be RBS certified is anyone or staff who serves drinks.

<h3>What is Responsible beverage service?</h3>

Responsible beverage service (RBS)  is the training given to individual who could be staff of an organization or  owners of businesses that sell and serve alcohol.

The knowledge and skills needed to succeed in the business is given for legal requirements.

Therefore,

A non-profit organization has obtained a temporary daily on-sale license for a fundraiser. The individual in the organization that has to be RBS certified is anyone or staff who serves drinks.

Lear more on non-profit organization below

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3 0
2 years ago
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