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m_a_m_a [10]
3 years ago
10

Jamal tried to apply for a mortgage. However, he was turned down for the loan because the loan officer noticed that he had made

late payments to his credit card and he had not made payments on a loan. What questions should he have asked himself before deciding to buy a home
Business
1 answer:
tino4ka555 [31]3 years ago
7 0

Answer:

The two questions that he must ask from himself are:

  • Do you have credit report?
  • Do you have good credit score?

Explanation:

The reason is that the banks are giving you money and are worried about whether or not you are going to pay them back or not. So they require some evidences whether the person has any credit report and good credit score which shows that the person will be worried to pay the bank and if he is not able to pay he find alternative as he is a responsible person. So these two questions assesses whether the person is capable to pay the mortgage.

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A manager who tells a subordinate that he will not recommend her for promotion unless she supports his proposal in an upcoming s
Artemon [7]

A manager who tells a subordinate that he will not recommend her for promotion unless she supports his proposal in an upcoming sales meeting is using Coercion type of political behavior.

<h3>What is Coercion behaviour?</h3>
  • Coercion is the use of threats, especially physical threats, to induce an unwilling action from a party.
  • It entails a series of coercive behaviors that go against an individual's free will in an effort to elicit the desired response.
  • Extortion, blackmail, or even torture and sexual assault are examples of these activities.
  • Coercion occurs when someone is threatened with violence if they refuse to sign a contract.

Elements of Coercive Practices Proof

  • Damaging, endangering, or threatening to harm.
  • Both directly and indirectly.
  • Any party or that party's property.
  • Unfairly sway a party's course of action.

Learn more about coercion here:

brainly.com/question/14292154

#SPJ4

5 0
2 years ago
On January 1, 2020, Tamarisk Corporation issued $700,000 of 9% bonds, due in 8 years. The bonds were issued for $740,784, and pa
EleoNora [17]

Answer:

Cash   740,783 debit

  Bonds payable    700,000 credit

  Premium ob BP      40,783 credit

--to record issuance--

Interest expense 29,631.32 debit

premium on BP      1,868.68 debit

         cash                     31,500  credit

--to reocrd first interest payment--

Interest expense 29,556.57 debit

premium on BP      1,943.43 debit

     interest payable          31,500  credit

--to record accrued interest at year-end on BP--

Explanation:

procceds                      740,783

face value                <u>     700,000    </u>

premium on bonds payable 40,783

When comparing, the firm received more than the face value hence, there is a premium on the bonds as the coupon payment are above the market rate.

Now, the interest will be calculate as follow:

carrying value x market rate:

740,783 x 0.08/2 = 29,631.32 interest expense

cash outlay:

700,000 x 0.09/2 = 31,500

amortization on premium (difference) 1,868.68

new carrying value: 740,783 - 1,868,68 = 738,914

second payment accrual:

738,914 x 0.04 = 29,556.57

cash outlay                  31500

amortization    1,943.43

7 0
3 years ago
g When a sexual harassment complaint is filed speculation sometime occurs about who is the complainant. One result can be retali
frez [133]

Answer and explanation:

Sexual harassment is the act by which employees of an organization tend to use their hierarchical position in the firm to influence other employees in engaging personal relationships with them, without the need for the harassed employee to be interested in such a relationship.

The first step to mitigate this unethical behavior is to file a complaint in the Human Resources (HR) department of the company. If there are doubts about the complainant employee, that employee should look for protection from the Equal Employment Opportunity Commission (EEOC) which is the governmental agency in charge of enforcing rules against any type of discrimination or unfair treatment in the work-frame.

3 0
3 years ago
An official statement has a dated date of March 1, but the first interest payment is October 15. This most likely reflects A) a
Greeley [361]

Answer:

A) a long coupon.

Explanation:

Hope this helps you :)

3 0
2 years ago
A seller wants to sell her existing house and owes $290,000 on mortgage. At closing of the sale she will pay $1,400 in closing c
mote1985 [20]

Answer:

$ 363,880

Explanation:

The seller must cover the mortgage, closing costs, and brokerage fee. Once these expenses are covered, the down payment is added. This adds the minimum amount for the house price.

Mortgage      290,000  

Closing costs            1,400

Brokerage fee       <u>  17,400</u> (6% * 290,000)

<h3>Total Expenses 308,800</h3>

Down payment       <u>   55,000</u>

<h3><u>Minimun price</u>    363,880</h3>
6 0
3 years ago
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