All categories

4 years ago

Mortgage preapproval means a lender has agreed to loan you a set amount of money as long as you meet certain conditions.

Business

1 answer:

zmey [24]4 years ago

5 0

Answer: True,

Preapproval is when the lender guarantees to loan you a set amount of money, so long as you meet certain conditions and the home meets their requirements.

To be pre-approved for a mortgage means that a bank or lender has investigated your credit history and determined that you would be a suitable candidate for a mortgage.

You might be interested in

This is my mom channel please subscribe

timurjin [86]

You’re so sweet for promoting ur mom’s channel and I’ve subscribed :>

5 0

3 years ago

Rina is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: Rin

Ksju [112]

The basic principle of individual choice which these statements best illustrate is:

B. People face trade-offs

<h3>What is Choice?</h3>

This refers to the ability of a person to make selections based on what he wants and what he can purchase.

With this in mind, we can see that Rina is training for a triathlon and because of this, she undergoes rigorous training and she makes use of her time effectively and this is an example of People face trade-offs

Read more about choices here:
brainly.com/question/25823499

6 0

3 years ago

Assume a firm has $450 million in operating profit. The firm’s tax rate is 40%. What is the tax shield of the firm’s $38 million

Neko [114]

Answer:

= $1,520,000

Explanation:

The question is to determine the company's tax shield

A tax shield represents allowable deductions that individuals or organisations are allowed to claim in order to reduce their taxable income. The effect of the tax shield is either to reduce the current year's taxable income or allow for deference of income taxes to a later year.

The tax shield of the firm is as follows

Tax shield = Value of the company's debt x The interest rate x the tax rate

= $38,000,000 x 10% x 40%

= $1,520,000

6 0

3 years ago

Supler Corporation produces a part used in the manufacture of one of its products. The unit product cost is $22, computed as fol

geniusboy [140]

Answer:

$ 2 per unit on average

Explanation:

Calculation for what the financial advantage (disadvantage) of purchasing the parts from the outside supplier would be:

First step is to calculate the Relevant cost of making

Relevant cost of making = 9 + 7 + 1 + ( 5 * 80 % ) Relevant cost of making= $ 21

Now let calculate the Financial advantage of buying

Financial advantage of buying = ( 21 - 19 )

Financial advantage of buying= $ 2 per unit on average

Therefore the financial advantage (disadvantage) of purchasing the parts from the outside supplier would be:$ 2 per unit on average

8 0

3 years ago

A new American graduate is contemplating buying a

mash [69]

Answer:

The best option is to buy Japanese Car.

Explanation:

Fuel usage per year is 150000/ 8 = 18750 miles per year

Fuel cost (year 1 -8) = $3.0, $3.06, $3.12, $3.18, $3.25, $3.312, $3.38, $3.5

Japanese Car:

Fuel usage 18750 / 23 = 815 * $3 = $2446

Fuel charges (year 1 -8) = $2445, $2494, $2623, $2758. $2900, $3050, $3207, $3372

Repair Cost (year 1 - 8) = $700, $721, $742, $764, $787, $811, $835, $860

Insurance cost (Year 1 - 8) = $700, $714, $728, $742, $757, $772, $788, $804

Present value of cost at 5% = 24674.07

Cost of car is $30,000

Total cost = $54674.07

American Car:

Cost $35,000

Fuel usage 18750/20 = 937.5 * $3 per gallon = $2812.5.

Fuel charges (year 1 -8) = $2812, $2913, $2986, $3011. $3098, $3124, $3176, $3208

Repair Cost (year 1 - 8) = $800, $894, $921, $978, $1109, $1176, $1207, $1301

Insurance cost (Year 1 - 8) = $800, $827, $876, $898, $908, $932, $954, $934

Present value of cost at 5% = 25302.18

Cost of car is $35,000

Total cost = $60302.

German Car:

Cost = $45,000

Fuel usage 18750 / 21 = 892 * $3 = $2678

Fuel charges (year 1 -8) = $2679, $2732, $2786, $2842. $2899, $2987, $3077, $3171

Repair Cost (year 1 - 8) = $1000, $1040, $1081, $1124, $1169, $1216, $1265, $1316

Insurance cost (Year 1 - 8) = $850, $867, $884, $902, $920, $938, $957, $976

Present value of cost at 5% = 27105.73

Cost of car is $45,000

Total cost = $72105.

8 0

4 years ago