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4 years ago

A mortgage is a legal agreement between a borrower and a

Business

2 answers:

o-na [289]4 years ago

7 0

I believe the answer is D. Bank

Delvig [45]4 years ago

3 0

A mortgage is a legal agreement between a borrower and a bank. The lending bank is called the mortgagee, while the borrower is called the mortgagor. According this agreement the borrower receives the funds he/ she needs to purchase the home while the bank (the lender) receives a lien on the property.

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When you purchase an turn in a store, you may be charged with

bearhunter [10]

Don't know what you're trying to say but all that popped in my head was tax

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3 years ago

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A producer is someone who _____________. A. Makes a commodity available for sA producer is someone who _____________. A. Makes a

Mekhanik [1.2K]

A producer is someone who makes a commodity available for sale or exchange.

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3 years ago

What are the advantages of taking a criminal case to the criminal grand jury?

sattari [20]

The main advantage of a grand jury is that it provides a system for conducting a legally-binding "dry run" before a formal and protracted criminal trial takes place.

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3 years ago

Suppose Potter Ltd. just issued a dividend of $2.50 per share on its common stock. The company paid dividends of $2.00, $2.07, $

Bogdan [553]

Answer:

Explanation:

Using dividend growth model formula for finding dividend per year can be used to find the growth rate per year;

The formula would be D1 = D0(1+g)

and D2 = D1(1+g)

D3 = D2 (1+g) and so on....

Starting with 2.00 dividend, growth rate from yr1-yr2;

2.07 = 2.00*(1+g)

Divide both sides by 2.00;

1+g = 2.07/ 2.00

1+g = 1.035

g = 1.035-1

g ( y1-y2) = 0.035 or 3.5%

Growth rate from yr2-yr3;

2.24 = 2.07(1+g)

Divide both sides by 2.07;

2.24/2.07 = 1+g

1.0821 = 1+g

1.0821-1 = g

g= 0.0821 or 8.21%

Therefore, g(y2-y3) = 8.21%

Growth rate from yr3-yr4;

2.34 = 2.24(1+g)

Divide both sides by 2.24;

2.34/2.24 = 1+g

1.0446 = 1+g

1.0446 -1 =g

g =0.0446 or 4.46%

Therefore, g(y3-y4) = 4.46%

Growth rate from yr4-yr5;

2.50 = 2.34(1+g)

2.50/2.34 = 1+g

1.0684 = 1+g

1.0684-1 = g

g=0.0684 or 6.84%

Therefore, g(y4-y5) = 6.84%

8 0

4 years ago

QS 6-6 Petty cash accounting LO P2 1. Brooks Agency set up a petty cash fund for $150. At the end of the current period, the fun

noname [10]

Answer and Explanation:

The journal entries are as follows:

1. Petty cash A/c Dr $150

To Cash A/c $150

(Being the establishment of petty cash is recorded)

Entertainment expenses A/c Dr $70

Postage expense A/c Dr $30

Printing A/c Dr $22

To Petty cash A/c $122

(Being the reimbursement of petty cash fund is recorded)

3 0

3 years ago