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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.

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Determine whether each of the following transactions contributes to the calculation of GDP as total spending, then, identify the

scoray [572]

Answer:

Michelin sells tires to Nissan to install on their 2019 Sentras that are produced and sold in the United States.

Not included in the GDP since tires are a component of new cars, they are not a final product.

American consumers import $3.5 billion of woven apparel from Bangladesh.

Included in the GDP as imports, which reduce total net exports (NX).

The U.S. government spent $523.1 billion on national defense.

Included in the GDP as government spending (G).

Entrepreneur and Shark Tank investor Barbara Corcoran purchases 15% of Cousins Maine Lobster food truck company for $55,000.

Not included int he GDP since sale of stocks or ownership stakes at businesses are not considered final goods or services.

8 0

3 years ago

FILL IN THE BLANK

Kaylis [27]

When the Federal Reserve sells treasury bonds to a bank, the money supply is decreased. Since there are smaller available funds for the bank to loan (they have tied up some cash by buying the bonds), the interest rate the bank charges (all other things EQUAL!) will increase.

Basically, what has happened is that the bank has lent money to the federal government, rather than to other lenders. So if it has no other sources of lendable funds AND borrowers don't have other banks to go to that are charging the current rate, the same number of borrowers competing for a smaller amount of borrowable funds will lead to a higher price, (interest rate) for those loans.

6 0

4 years ago

Mustang Corporation had 100,000 shares of $2 par value common stock outstanding. On December 31, 2015, the company's board of di

faust18 [17]

Answer:

The journal entry will be as follow:

Dec 31th

Retained Earnings 200,000 debit

Stock Dividends Payable 200,000 credit

to record declared stock dividends

Jan 20th

Stock Dividends payable 200,000 debit

Common Stock 40,000 credit

Additional paid-in 160,000 credit

Explanation:

The company will issue 20% stock

100,000 shares x 20% = 20,000 shares

The company cost for this 20,000 will be the market value

20,000 shares x $10 = 200,000

This will be compare with the face value of the shares to calculate the adidtional paid-in:

20,000 sahres x $2 face value = 40,000 common stock

200,000 market value - 40,000 face value = 160,000 additional paid-in

The journal entry will be as follow:

Dec 31th

We declare the dividends against retained earnings, from there we will take the funds to pay the dividends

Jan 20th

The dividends will be paid with common stock so we write-off the dividdends payable again the issued stock and their aditioanl paid-in.

3 0

3 years ago

Read 2 more answers

When a natural monopoly exists in a given industry, the per-unit costs of production will be?

alina1380 [7]

They will be lowest when a single company produces all of the output in an industry. This will be because the one company is doing all the production and does not have to compete with any other companies trying to enter the marketplace. The lack of new companies will allow the monopolizing company to set their own prices for costs of production.

4 0

3 years ago

someone asked me if there were 2 cities which one would I choose. I asked"what are they" they responded one black city with only

Phoenix [80]

Answer:

Smart

Explanation:

7 0

3 years ago