All categories

3 years ago

Which costs are paid by the loan application fee?

Business

2 answers:

Vedmedyk [2.9K]3 years ago

7 0

Answer:

Loan application fees can be required for all types of loans and are intended to pay for the costs of the process of loan approval

Explanation:

atroni [7]3 years ago

3 0

Answer:

Credit Check and Administrative costs associated with loan processing is the correct answer.

You might be interested in

On january 2, 20x3, kean company purchased a 30 percent interest in pod company for $250,000. Pod reported net income of $100,00

Annette [7]

Answer:$277,000 should be reported by Kean.

Explanation:

Amount of investment Kean should report = Original cost of investment + share of net income of investors -share of investors dividend.

But ,

share of net income of investors = 30% of net income reported by Pod

= 30 % x $100,000= $30,000

share of investors dividend= 30% of dividend declared by Pod company

= 30 % x 10,000 = $3000

Therefore,

Amount of investment Kean should report = $250,000 + $30,000 - $3,000

=$277,000

7 0

3 years ago

Dalrymple Bay Coal Terminal, a coal-handling facility and export terminal in Queensland, Australia, has issued triple-A rated bo

kirza4 [7]

Answer: B. Bought the bonds from Dalrymple and sold them to the public

Explanation:

Investment Banks help companies issuing new securities in diverse ways to ensure that they raise the capital they are looking for. Some of the ways they help include; underwriting securities and market research. The main way they help companies issuing new securities however, is underwriting.

With Underwriting, the Investment Bank usually buys all the securities on offer from the Issuing company, then sells them at higher price to make a profit. This helps the issuing company because they get to sell all or most of their securities so it reduces uncertainty.

The Commonwealth Bank of Australia therefore bought the bonds from Dalrymple and sold them to the public.

7 0

3 years ago

The economy begins in equilibrium at point E, representing the real interest rate r 1 at which saving S 1 equals desired investm

andreyandreev [35.5K]

Answer:

hello below is the missing diagram needed for the question

answer : point B

Explanation:

when there is a technological innovation that increases the demand for investment and goods the real interest rate,savings and investment will take a positive outlook i.e take a shift to the right , this is due to the increase in investment and a corresponding increase in demand by consumers

Technological innovation are very vital for the expansion of production by companies and firms who provide either goods or services

4 0

3 years ago

Momentum Rollerblades has three product lines: D, E, and F. The following information is available:

Mila [183]

Answer:

Operating income will increase by $16,000. This is not given as one of the options.

Explanation:

The difference between the sales and variable expense gives the contribution margin. The contribution margin net the fixed cost gives the operating income or loss.

D E F

Sales revenue $90,000 $40,000 $30,000

Variable costs ($40,000) ($10,000) ($10,000)

Contribution margin $50,000 $30,000 $20,000

Fixed costs ($10,000) ($5,000) ($25,000)

Operating income (loss) $40,000 $25,000 ($5,000)

The total operating income is

= $40,000 + $25,000 + ($5,000)

= $60,000

Should the fixed costs of F be eliminated, the operating income/(loss) of F

= $21,000 - $5,000

= $16,000

This is the net increase in the total operating income.

7 0

3 years ago

Why is 10 cents earned far more valuable than a dollar found. Critical thinking.

mixer [17]

10 cents is more valuable than finding a dollar i think because of the connection with hardworking , rather earn something than find because are luck isn’t always trusted

4 0

2 years ago