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Scorpion4ik [409]
3 years ago
15

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
The purpose of rough cut capacity planning is to: Select one: a. place a time fence around the MPS. b. determine a production sc
gregori [183]

Answer:

The answer is "Option d".

Explanation:

To compute the estimated work on master capacity planning, the objective of basic resource allocation is utilized. It is then contrasted to a proven ability that enhances organizational MPS feasibility.

It verifies that you have enough ability at your disposal that satisfy the needs of your master's programs. It is a tool in long-term production scheduling for marketing and production to accomplish the ratio of the capacity required and accessible and to manage changes in the plan and/or looking.

6 0
3 years ago
Mr. Smith wishes to retire in 16 years. When he retires he would like to have $300,000 in his bank account. Mr. Smith's bank pay
Romashka [77]

Answer:

$87,567.14

Explanation:

For computing the amount deposited for attaining the goal we need to apply the present value which is to be shown in the attachment

Provided that,  

Future value = $300,000

Rate of interest = 8%

NPER = 16 years

PMT = $0

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after applying the above formula, the present value is $87,567.14

3 0
3 years ago
ABC Company sells several products. Information of average revenue and costs is as follows: Selling price per unit $34 Variable
adelina 88 [10]

Answer:

Contribution margin per unit= $21.6

Explanation:

Giving the following information:

Selling price per unit $34

Variable costs per unit:

Direct material $6

Direct manufacturing labor $2.40

Manufacturing overhead $0.80

Selling costs $3.20

<u>The contribution margin is calculated by deducting from the selling price all the variable components:</u>

Contribution margin per unit= selling price - total unitary variable cost

Contribution margin per unit= 34 - 6 - 2.4 - 0.8 - 3.2

Contribution margin per unit= $21.6

6 0
3 years ago
Culver owns 80 percent of the common stock of Fowler Company. Culver also purchases some of Fowler's bonds directly from Fowler
ratelena [41]

Answer:

c

Explanation:

3 0
3 years ago
A firm produces bicycles using two inputs: bicycle frames (F) and bicycle wheels (W). By definition, one bicycle has 2 wheels an
grin007 [14]

Answer:

C(100) = (75 x 100) + (200 x 100) = $27,500

Explanation:

the initial cost function of producing bikes is:

C(x) = 75F + 100W

the initial cost to produce 1 bike = $75 + $100 = $175

if the cost of wheels increase to $100 each, then the cost function is:

C(x) = 75F + 200W

in this case, there is not much to calculate since every bicycle must have 1 frame and 2 wheels, that means that in order to produce 100 bicycles you will necessarily need 100 frames and 200 wheels. Labor is not considered in this cost function, so any cost minimization strategy is limited to using the minimum amount of parts:

C(100) = (75 x 100) + (200 x 100) = $27,500

7 0
3 years ago
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