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Tanzania [10]
3 years ago
7

What acceleration clause requires the borrower to pay off the entire mortgage debt when the property is sold?

Business
1 answer:
Wewaii [24]3 years ago
4 0

Answer: commercial mortgages and residential mortgages.

Explanation:

An accelerated clause is a term in a loan agreement that requires the borrower to pay off the loan immediately under certain conditions. An accelerated clause is typically invoked when the borrower materially breaches the loan agreement.  For example, mortgages typically have an acceleration clause that is triggered if the borrower misses too many payments. Acceleration clauses most often appear in commercial mortgages and residential mortgages. They also appear in some leases. When a lender invokes an acceleration clause, the borrower must immediately pay the unpaid balance of the loan’s principal, as well as any interest that accumulated before the lender invoked the acceleration clause. The borrower does not, however, have to pay the full amount of interest that would have come due had the loan been paid off normally. For example, most loans allow the borrower to accelerate the loan and pay off the loan early in a single lump sum to avoid paying interest for the remainder of the loan’s term.

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July 31: during july, ps music provided guest disc jockeys for kxmd for a total of 115 hours. the contract requires ps music to
Cloud [144]

Answer:

The journal entries to record service revenue during July should be:

Dr Cash 3,600

    Cr Service revenue (80 hours per month) 3,600

Dr Accounts receivable [(115 - 80 hours) x $40] 1,400

    Cr Service revenue 1,400

Since the company has collected only the regular hours provided according to the contract, the remaining hours should be recorded as accounts receivable.

5 0
3 years ago
You feel that you will need $2.2 million in your retirement account and when you reach that amount, you plan to retire. You feel
dangina [55]

Answer: 40.7 years

Explanation:

You can use Excel to sold for this using the NPER function.

Rate = 10.2% / 12 months = 0.85%

Payment is $305 per month

Present value is $0

Future value is $2,200,000

Number of periods = 488.1979353

In years this is:

= 488.1979353 / 12

= 40.7 years

5 0
2 years ago
Which of the following acts would probably constitute minimum contacts that would allow an Ohio court to serve a Michigan defend
otez555 [7]

Answer:

A) All of the contacts described provide sufficient contacts for in personam jurisdiction.

  • c. The Michigan defendant got into an automobile accident in Ohio.
  • d. The Michigan defendant signed a contract in Ohio with an Ohio business.
  • e. The Michigan defendant sold products in the state of Ohio that injured the purchasers.

Explanation:

In legal terms, in personam (Latin for "directed toward a particular person") means that a court can serve a defendant wherever he/she is.

In this case, a Michigan citizen can be judged in an Ohio court if he/she committed any of the cited actions:

  • participated in a car accident in Ohio
  • signed a contract in Ohio
  • sold products in Ohio

In other words, if you live in any state but are involved in certain events or business transactions in another state, you can be judged by a court of the other state.

4 0
3 years ago
The particular market segment your company is trying to sell your products or services to is your _________
dolphi86 [110]

Answer:

Target Market

Explanation:

The target market is the people that a business has identified as potential buyers of its products and services. It is the group of customers that a business targets with its advertising messages. Therefore, the target market is that group of customers that a business expects to buy its products. A target market consists of existing and potential customers.

4 0
2 years ago
1. What arguments do Feingold and Heuvel offer in defense of Roosevelt?
DiKsa [7]

1. The arguments that these people put forward was to exonerate the president by saying the situation was beyond his control.

<h3>The argument that Feingold put forward</h3>

He argued that there were many situations that occurred that were beyond the capacity of Roosevelt's administration. These were

  • The determination to liquidate Jews by Berlin.
  • The decision to rescue a minority in a foreign land that the US did not owe any responsibility.

<h3>The argument that Heuvel put forward</h3>

Heuvel sternly said that it was ironic to put any blames on Roosevelt because he was not the one that caused the holocaust.

According to him, no one had any backgrounds to fault him for what was being done by Hitler because he was not the cause.

2. What Michael meant was that it was not a common occurrence for the president to be silent on issues that are as pressing as this.

According to him, the president was a person that would speak up fast on serious world issues. He meant it was not in the character of the president to be late in issues of this sort.

3. Wyman called it the worst failure of his presidency because he refused to act for a long time during the extermination.

From what he said, the president only stepped in to save the Jews out of pressure.

Read more on  the holocaust here:

brainly.com/question/12962

5 0
2 years ago
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