It can be deduced that a situation where the borrower is personally liable for a debt obligation when buying a home is known as a recourse loan.
<h3>What is a recourse loan?</h3>
It should be noted that a recourse loan simply means a situation when the borrower is personally liable for payment of all amounts that are due under the terms of the note.
In this situation, when a property that is encumbered by a mortgage is sold for an amount that is more than the value of the mortgage, then the mortgagor will not be obligated to pay the mortgagee the balance that's remaining.
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Answer:
$1731692.97
Explanation:
FV (end of 34 years) = (7863*(1.118)^9) * (1.192)^25 = $1731692.97
Answer:
Post split Shares: 800,000
Post split par value: $0.25
Explanation:
Stock split seeks to increase the number of shares available for trading on the exchange thus increasing the liquidity. Stock split of 4 for 1 increases the shares by 4 times e.g. every holder of 1 share will receive total of 4 new shares. Thus the shares will increase to 4 times: (200,000 * 4) = 800,000.
Post split share price is calculated by dividing par value to the proposed split.
($1 / 4) = $0.25 per share.
Answer:
The true statement is "The cumulative translation adjustment account affects the amount of gain or loss reported upon the sale of a foreign subsidiary".
Explanation:
The current technique needs that each one quality and accountability books be interpreted at this rate whereas shareholders’ justice accounts are interpreted at ancient altercation rates. The distinction is mirrored finished the additive conversion alteration, therefore the quantity of improvement or loss according upon the auction of a distant secondary to the additive conversion alteration.
