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3 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]3 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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Griffin's goat farm, inc., has sales of $680,000, costs of $342,000, depreciation expense of $86,000, interest expense of $53,00

Oksana_A [137]

Addition to Retained Earnings will be the amount will be Net Income as calculated using the above information:

Net income will be calculated as below:

Sales...........................................................$680000

Less: Cost of Sales.................................$342000

Less: Depreciation..................................$86000

Less: Interest Expense.........................$53000

Earnings Before Tax...............................$199000

Less [email protected] 23%.........................................$45770

Net Income..............................................$153230

Thus Income of $153230 will be added to Retained earnings and Cash dividend of $40000 will be reduced from therein.

8 0

3 years ago

Trace the evolution of legal status of American unions. What activities were restricted by laws and courts? Did constraints incr

dedylja [7]

Answer:

Trace the evolution of legal status of American unions.

Labor union increase in the late 1800's was mainly because of the poor working conditions, unfair wages, inequality and lack of benefits.

What activities were restricted by laws and courts?

Using the members dues for political purposes.

Did constraints increase or decline with time?

They have decline.

Explanation:

- The first union to get legal right was the National Labor Relations Act of 1935, or the Wagner Act, which at the time was considered the "Labor Bill of Rights", guaranteed the basic rights of employees to organize into unions, collectively bargain for better working conditions, and take collective action.

- There has been a general union constraints decline, as healthcare, restaurant, and hospitality jobs are among the fastest growing and, historically, these industries that have not had high unionization rates, this has been one of the biggest change composition of jobs in the US.

- States and public-sector unions may no longer extract agency fees from nonconsenting employees,” Justice Samuel A. Alito Jr. wrote for the majority. “. . . This procedure violates the First Amendment and cannot continue.”

8 0

3 years ago

Oriole Corp. is a fast-growing company whose management expects it to grow at a rate of 24 percent over the next two years and t

Salsk061 [2.6K]

Answer:

1.What is the dividend for the 1st year?

$2.67

2.What is the dividend for the 2nd year?

$3.31

3.What is the dividend for the 3rd year?

$3.90

4.What is the dividend for the 4th year?

$4.60

5.What is the dividend for the 5th year?

$5.43

6.Compute the present value of these dividends if the required rate of return is 14 percent.

1. $2.34

2. $2.54

3. $2.63

4. $2.73

5. $2.82

Explanation:

Last Dividend paid = $2.15

Growth rate:

First two years = 24%

Following three years = 18%

FV of Dividend = PV ( 1 + g )^n

Dividend for the 1st year = $2.15 x ( 1 + 24% )^1 = $2.15 x ( 1 + 0.24 )^1 = $2.15 x ( 1.24 )^1 = $2.67

Dividend for the 2nd year = $2.15 x ( 1 + 24% )^2 = $2.15 x ( 1 + 0.24 )^2 = $2.15 x ( 1.24 )^2 = $3.31

Dividend for the 3rd year = $3.31 x ( 1 + 18% )^1 = $3.31 x ( 1 + 0.18 )^1 = $3.31 x ( 1.18 )^1 = $3.90

Dividend for the 4th year = $3.31 x ( 1 + 18% )^2 = $3.31 x ( 1 + 0.18 )^2 = $3.31 x ( 1.18 )^2 = $4.60

Dividend for the 5th year = $3.31 x ( 1 + 18% )^3 = $3.31 x ( 1 + 0.18 )^3 = $3.31 x ( 1.18 )^3 = $5.43

6.The present value of these dividends

Present value of dividends can be calculated by following formula:

PV = FV / ( 1 + r )^n

FV = Dividend for the year

r = rate of return = 14%

n = number of years

1. PV = $2.98 / ( 1 + 0.14 )^1 = $2.98 / ( 1.14 )^1 = $2.98 / 1.14 = $2.34

2. PV = $3.31 / ( 1 + 0.14 )^2 = $3.31 / ( 1.14 )^2 = $3.31 / 1.2996 = $2.54

3. PV = $3.90 / ( 1 + 0.14 )^3 = $3.90 / ( 1.14 )^3 = $3.90 / 1.481544 = $2.63

4. PV = $4.60 / ( 1 + 0.14 )^4 = $4.60 / ( 1.14 )^4 = $4.60 / 1.68896 = $2.73

5. PV = $5.43 / ( 1 + 0.14 )^5 = $5.43 / ( 1.14 )^5 = $5.43 / 1.925416 = $2.82

5 0

2 years ago

What does compounding interest mean??

ivolga24 [154]

Compounding interest is interest on top of interest.

For example, say you put 100 bucks in the bank.
You get 10% interest compounded daily on that 100 bucks.

That means that you get 10% interest not only on those 100 bucks, but all the money you make after.

So your interest would go from 10% on 100 bucks, to 10% on 110 bucks and so forth.

I hope this helps and please press that ❤ under my reply, it really helps!

7 0

3 years ago

Did you win or lose?

Mnenie [13.5K]

Answer:

ur mum xdddddd

Explanation:

dddddddddd

7 0

2 years ago