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3 years ago

Mortagae brokers are the ones who bring the home buyers and the lenders together. True / False.

Business

1 answer:

Alborosie3 years ago

4 0

Answer:

True

Explanation:

A mortgage broker helps a borrower connect with lenders who represent the best fit in terms of the borrower's financial situation and interest-rate needs. A mortgage broker, a mortgage broker determines a loan-to-value ratio, and gathers all the required information regarding borrowers ideal loan type and forward them to the ideal lenders. The loan-to-value ratio is defined as a lending risk assessment ratio that financial institutions and other lenders examine before approving a mortgage. They also track down the unnecessary fees tacked onto closing costs by lenders when issuing a mortgage, this is called garbage fees. There are also a type of loan called the liar loan, these involve the category of mortgages that refers to low-documentation or no-documentation mortgages, this can be acronym to "no job, no income and no assets" type of borrowers.

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Impaired drivers often _________ without checking for cross traffic or pedestrians.

Alexxandr [17]

A.
Stare straight ahead

8 0

2 years ago

A company is offering to pay a stadium for naming rights. If the administrative costs for this sponsorship are $78,000, and thes

docker41 [41]

Answer:

The amount of $71,760 , is offered by the company for the stadium naming rights.

Explanation:

As the total cost for the sponsorship is $78,000 but the cost has 8% revenue for the naming sponsorship. Therefore,

= Amount × % of revenue

= $78,000 × 8%

= $6,240

In order to compute the amount which is offered to pay for the stadium rights, the revenue amount to be deducted from the administrative cost:

= Cost - Revenue

= $78,000 - $6,240

= $71,760

6 0

3 years ago

Consider two companies in a world with no taxes that are alike except in borrowing choices. Company 1 has no debt financing, an

Alekssandra [29.7K]

Answer:

Company 1 = $2 per share

Company 2 = $2.50 per share

Explanation:

Given that,

EBIT for both companies = $1,000

Number of shares outstanding for company 1 = 500

Number of shares outstanding for company 2 = 300

Interest paid by company 2 = $250

EPS for company 1:

= (Total income - Preferred dividend) ÷ Shares outstanding

= ($1,000 - $0) ÷ 500

= $2 per share

EPS for company 2:

= (Total income - Preferred dividend) ÷ Shares outstanding

= ($1,000 - $250) ÷ 300

= $750 ÷ 300

= $2.50 per share

6 0

2 years ago

Assuming that the car was stolen prior to delivery to abc motors and without the knowledge of any representative of abc motors,

tamaranim1 [39]

I believe in this case that ABC motors is the customer and the car was still being delivered to their office. Therefore the correct answer to this is:

The title of ABC motors would be “Void”

This is considered right away as Void since there was no information or any knowledge on the part of ABC motors about the stolen car.

7 0

3 years ago

Eastwood Post Pavillion received a $650 check from a customer for the balance due. The transaction was erroneously recorded as a

s344n2d4d5 [400]

Explanation:

The correct journal entry is as follows:

Cash Dr $90

Service revenue Dr $560

To Account receivable $650

(Being the cash received is recorded)

Basically we debited the cash for $90 and service revenue for $560 and credited the account receivable for $650 so that the correct posting could be done

The cash difference is

= $650 - $560

= $90

3 0

3 years ago