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3 years ago

If you wanted to borrow money to purchase a home, you would go to

1 answer:

3 0

If you wanted to borrow money to purchase a home, you would go to A. A MORTGAGE BROKER.

A mortgage broker serves as an intermediary between a lending institution and an individual or company.

Lending Institutions are banks, finance companies, and loan companies. Instead of you going to the bank to ask for a loan, you would go to a mortgage broker.

It is the job of the mortgage broker to establish a deal or agreement between the two parties which will benefit both parties.

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For over 40 years, Top Manufacturing produced only one product, a car part for Moraine Assembly (the Moraine, Ohio, General Moto

ohaa [14]

Answer:

The statement is true.

Explanation:

The statement is true and correct that the Top company is a vulnerable company as vulnerable in business means that the company is weak and the reason due to which the top company is vulnerable as from last 40 years, the top manufacturing company is producing only a single product and does not engage in expanding the business.

Therefore, the correct option is A.

6 0

3 years ago

A share of common stock just paid a dividend of $1.00. if the expected long-run growth rate for this stock is 5.4%, and if inves

solong [7]

It's 16.282. ok I don't think for sure though

7 0

3 years ago

Assume banks are required to hold reserves equal to 20 percent of deposits. Instructions: Enter your responses as a whole number

stellarik [79]

Answer: $100

Explanation:

If the reserve requirement is 20% then the required reserves being held by the company is:

= Total deposits * reserve requirement

= 8,000 * 20%

= $1,600

The reserves held by the company of $1,700 comprise of both the required reserves and the excess reserves. The excess reserves will therefore be calculated as:

Excess reserves = Reserves - Required reserves

= 1,700 - 1,600

= $100

4 0

3 years ago

Fire Out Company manufactures its product, Vitadrink, through two manufacturing processes:

navik [9.2K]

Answer:

Entries are given

Explanation:

We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.

Account DEBIT CREDIT

raw material inventory 300,000

accounts payable 300,000

work in process inventory- Mixing 210,000 -

work in process inventory- Packaging 45,000

raw material inventory 255,000

Factory payroll 258,900 -

Wages payable 258,900

work in process Labor- Mixing 182,500 -

work in process Labor Packaging 76,400

Factory payroll 258,900

Manufacturing overhead 810,000 -

overhead payable 810,000

work in process Mixing 672,000 -

work in process Packaging 144,000

Manufacturing overhead 816,000

work in process Labor Packaging 979,000 -

work in process Labor- Mixing 979,000

Finished goods 1,315,000 -

work in process Labor Packaging 1,315,000

Accounts receivable 2,500,000 -

Sales 2,500,000

Cost of goods sold 1,604,000 -

Finished goods 1,604,000

4 0

3 years ago

France and England both produce cheese and cloth under conditions of constant opportunity costs. France will have a comparative

dem82 [27]

Answer:

Explanation:

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.

For example, England produces 10 yards of clothes and 5 kg of cheese. France produces 5 yards of clothes and 10 kg of cheese.

for England,

opportunity cost of producing clothes = 5/10 = 0.5

opportunity cost of producing cheese = 10/5 = 2

for France,

opportunity cost of producing cheese = 5/10 = 0.5

opportunity cost of producing clothes = 10/5 = 2

England has a comparative advantage in the production of clothes and France has a comparative advantage in the production of cheese

5 0

3 years ago