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xenn [34]
2 years ago
13

MTH Bank has given the McKelvey's a written pledge to lend $250,000 on a new construction home, for 30 years, at 6.53%. The McKe

lvey's will now present this pledge to the subdivision's sales agent to continue with their new home's construction. Which loan definition applies?
A. Conditional Approval
B. Underwriting
C. Exculpatory Clause
D. Non-Recourse Clause
Business
1 answer:
ra1l [238]2 years ago
8 0

Answer:Conditional approval

Explanation:This is a loan that has been approved but there are still conditions which are still pending that need to be met such as some outstanding documents or other conditions such as in this case they still need to take this pledge to the subdivision sales agent.

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A successful organization can involve its employees in the control system in all of the following ways EXCEPT
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D) regulating its behavior; involving employees in the control system is good for an organization but except in regulating its behavior.

More about Organizational Control System:

Organizational control system is crucial to understanding how the organization is doing, spotting problem areas, and then taking the necessary action.

There are three basic types of control systems available to executives:

Output control : The focus of output control is on quantifiable results for the organization. In output control, executives must choose the acceptable performance threshold, inform staff members of the general expectations, monitor whether performance metrics are in line with targets, and make any necessary adjustments.

Behavioral control: In contrast to output control, which focuses on results, behavioral control typically focuses on controlling the activities. Particularly, special procedures and regulations are utilized to shape or impose behavior.

Clan control: Clan control is a non-standardized type of control. It depends on shared traditions, expectations, values, and norms.

Complete Question:

A successful organization can involve its employees in the control system in all of the following ways EXCEPT

A) setting realistic performance results.

B) emphasizing development and improvement.

C) encouraging good communication and mutual participation.

D) regulating its behavior.

E) presenting data in understandable terms.

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8 0
1 year ago
How supply and demand work together to reach the equilibrium price in the marketplace? Please give at least a paragraph. Thank y
grandymaker [24]

Answer

Before I answer this question, you must note that the equilibrium price is created by both the amount supplied of a certain product as well as how much "customers" there are (or the amount that is bought in all).  This however, is usually not taking account any potential competitors.

For example, let say that the price in creating the product (or buying) is $15. This means that right now, the company loses $15 for one of the products. To make a profit, the selling price must be >$15. However, (unless they are a monopoly, such as, for example, electrical companies) there are competitors that they must fight with to get customers. Of course, there are other things that can affect the price, depending on the demographic and area.

So how does supply and demand affect the equilibrium price? The limits of the supply & the amount of demand would help determine the price by the amount of people buying and the supply of the product.

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6 0
3 years ago
Read 2 more answers
Seaworthy Designs manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled
VARVARA [1.3K]

Answer:

$76,000

Explanation:

If we are going to prepare a flexible budget we need to calculate how much Seaworthy should have spent in labor costs in order to produce 2,000 units:

labor cost = 2 hours per unit x $19 per hour x 2,000 units = $76,000

If we compare the flexible budget to Seaworthy's actual costs, we will find an unfavorable variance of $250,000 (=$326,000 - $76,000). Obviously something went wrong with Seaworthy's production.

3 0
3 years ago
He idea underlying maslow's hierarchy of needs is that the needs at the top of the pyramid must be satisfied before one can conc
lana66690 [7]
True i hope this helps you 
7 0
3 years ago
Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next nine years because t
Montano1993 [528]

Answer:

$106.02

Explanation:

Div₀ - Div₉ = 0

Div₁₀ = $10 and then will grow by 6% forever

we must first determine the terminal value for year 9 using the dividend growth model:

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now we shall discount this to present day value:

P₀ = $250 / (1 + 10%)⁹ = $250 / 2.3579 = $106.02

3 0
3 years ago
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