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3 years ago

Which form does RESPA require lenders to use to detail the costs that the buyer and seller will pay at closing?

Business

1 answer:

Llana [10]3 years ago

8 0

Answer:

The correct answer will be "Closing Disclosure ".

Explanation:

A Closing Disclosure seems to be a 5-page document that supplies the final information regarding your designated conventional mortgage.
This covers the details of the settlement, the estimated interest payments including whether you'll pay for the mortgage in deposits as well as other costs. The applicant is expected to provide you with the Closing Notice at least 3 days on average well before the mortgage closes.

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Review the information in the chart with reasons for and against adding juice boxes to the high school lunch menu.A 2-column tab

Andreas93 [3]

Answer:

D. Juice boxes contain too much sugar to be considered a nutritious fruit choice

Explanation:

bc it’s the only option against juice boxes

6 0

3 years ago

Read 2 more answers

Larry Mitchell invested part of his $ 24 comma 000 advance at 4 % annual simple interest and the rest at 7 % annual simple inter

mariarad [96]

Answer:

Amount invested at 4% is $14,000

Amount invested at 7% is $10,000

Explanation:

Data provided in the question:

Total amount invested = $24,000

Total yearly interest = $1,260

Now,

Let the amount invested at 4% annual simple interest be 'x'

Thus,

the amount invested at 7% annual simple interest will be $24,000 - x

Total interest earned = Interest at 4% + Interest at 7%

$1,260 = 0.04x + 0.07(24,000 - x)

$1,260 = 0.04x + 1680 - 0.07x

-420 = -0.03x

x = $14,000

Hence,

Amount invested at 4% is $14,000

Amount invested at 7% is (24,000 - 14,000) = $10,000

6 0

3 years ago

Bradshaw Company provided the following data: Standard fixed overhead rate (SFOR) $5 per direct labor hour Actual fixed overhead

bezimeni [28]

Answer:

1. 60,000 hours

2. $300,000

3. $1,680 Unfavorable

Explanation:

1. The computation of the standard hours allowed for actual production is shown below:

= Actual production × Standard hours allowed per unit

= 15,000 units × 4 hours

= 60,000 hours

2. The computation of the applied fixed overhead is shown below:

= Standard hours allowed for actual production × Standard fixed overhead rate

= 6,000 hours × $5

= $300,000

3. The computation of the total fixed overhead variance is shown below:

= Actual fixed overhead costs - Applied fixed overhead

= $301,680 - $300,000

= $1,680 Unfavorable

8 0

3 years ago

44. A barrier to entry is

Andreyy89

Answer:

the answer is E hope that helps you

6 0

3 years ago

The accounting department of your company has just delivered a draft of the current year's financial statements to you. The summ

marishachu [46]

Answer and Explanation:

The computation is shown below:-

Incorrect

ROA = Net Income ÷ Average assets

= $101,900 ÷ (($550,000 + $573,000) ÷ 2)

= $101,900 ÷ $561,500

= 0.18

ROE = Net Income ÷ Average equity

= $101,900 ÷ (($340,000 + 356,000) ÷ 2)

= $101,900 ÷ $348,000

= 0.29

Debt Ratio = Total debt ÷ Average Assets

= $217,000 ÷ (($550,000 + $573,000) ÷ 2)

= $217,000 ÷ $561,500

= 0.39

EPS = Net Income ÷ Number of Common Shares

= $101,900 ÷ 22,000

= $4.63

Correct

ROA = Net Income ÷ Average assets

= ($101,900 - $8,500) ÷ (($550,000 + $573,000 - $8,500) ÷ 2)

= $93,400 ÷ $557,250

= 0.17

ROE = Net Income ÷ Average equity

= ($101,900 - $8,500) ÷ (($340,000 + 356,000 - $8,500) ÷ 2)

= $93,400 ÷ $343,750

= 0.27

Debt Ratio = Total debt ÷ Average Assets

= $217,000 ÷ (($550,000 + $573,000 - $8,500) ÷ 2)

= $217,000 ÷ $276,500

= 0.78

EPS = Net Income ÷ Number of Common Shares

= ($101,900 - $8,500) ÷ 22,000

= $4.25

5 0

3 years ago