The lender, the depository institution, and the <u>loan applicant</u> all complete parts of the request for verification of deposit form.
A depository institution is a financial group in the united states this is legally allowed to accept financial deposits from consumers. Beneath federal law, however, a "depository group" is restricted to banks and financial savings institutions - credit score unions are not covered.
A depository is a facility or group, consisting of construction, workplace, or warehouse, in which something is deposited for garage or safeguarding. Depositories may be agencies, banks, or establishments that maintain securities and help in the trading of securities.
Document on which the lender bases the selection to lend. A loan application is neither a pledge by way of the applicant nor a commitment by the lender. Contains essential monetary and other borrower records.
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Answer:
The Department of Housing and Urban Development
Explanation:
The Holden act or the California Housing Financial Discrimination Act of 1977, <u>states that financial institutions cannot discriminate against people applying for loans or financial assistance,</u> for reasons such as; race, color, ethnicity and religion.
The Holden act is enforced by the Department of Housing and Urban Development.
<span>When increased raw material costs increase prices for consumers, the situation is known as cost-push inflation.
Reason:
Cost-Push is defined as: </span><span>an increase in </span>prices<span> of inputs like labor, raw material, etc. The increased price of the factors of production leads to a decreased supply of these goods.</span>
Answer:
1,980,000 $40
Explanation:
The following is given;
No. of outstanding shares = 13,200,000
Unit stock price = $50
Acquisition by the unfriendly outside group= 15%
The existing stockholders buy new shares at 20% below $50.
It is worth learning that poison pill is a tactic used by a company that's threatened with an unwelcome takeover bid to make itself unattractive to the bidder. Through the tactic, the company sells a large number of stocks to existing shareholders at lower prices. Thus,
a) the No. of shares to be sold to the unfriendly group
= 15% * 13,200,000 = 1,980,000
b) They will buy at 20% below $50 which translates to
$50*( 1- 0.2)
$50*0.8 = $40
Thus, the new purchase price will be $40 per stock
Answer:
The total product cost is $98,230
Explanation:
The product cost is that cost which is related to the manufacturing of a product
The computation of the total product cost is shown below:
= Direct labor + Metal to make the exterior shell of the washing machines + Electricity to run the machinery in the factory + Salary of the manager who oversees the manufacturing
= $20,906 + $50,181 + $18,939 + $8,204
= $98,230
So, this cost which are considered in the computation part is product cost and the rest cost are ignored.
