Can someone PLEASE help me with this. It says every answer I put in is wrong

How old do you have to be to get a reverse mortgage

Murljashka [212]

Answer: Minimum 62 years

Explanation: As per the rules, the youngest borrower must have attained the age of 62 years to qualify for reverse mortgage loan. There are several other requirements as well.

HUD financial criteria also needs to be fulfilled by the borrower. The home in which borrowers be living must be their prime residence and the required home equity will also be required.

6 0

3 years ago

Dexter owns a large tract of land and subdivides it for sale. Assume that Dexter meets all of the requirements of § 1237 and dur

Oksanka [162]

Answer:

Please see attachment

Explanation:

Please see attachment

6 0

4 years ago

Vaughn Manufacturing has two divisions; Sporting Goods and Sports Gear. The sales mix is 75% for Sporting Goods and 25% for Spor

Cerrena [4.2K]

Answer:

The correct answer is 35%.

Explanation:

According to the scenario, the computation of the given data are as follows:

We can calculate the Weighted average contribution margin ratio by using following formula:

weighted-average contribution margin ratio = (Contribution margin ratio × Sales of sporting goods) + (Contribution margin ratio × Sales of sporting gears)

= ( 30 × 75% ) + ( 50 × 25%)

= 22.5% + 12.5%

= 35%

3 0

3 years ago

Tamarisk, Inc. sells merchandise on account for $2600 to Morton Company with credit terms of 2/7, n/30. Morton Company returns $

allsm [11]

Answer:

cash 1,470

sales discount 30

return goods 1,100

sales revenue 2,600

to record payment received from Morton Company

Explanation:

on sale:

account receivable 2,600

sales revenue 2,600

we analize the commercial terms:

2/7 within the first 7 days, paying the invoice generates a 2% discounts

n/30 after that, until 30 days pays the nominal amount

balance at payment date:

sales for 2,600

returned goods: (1,100)

balance 1,500

discount 1,500 x 2% = 30

journal entry:

cash 1,470 (1,500 nominal - 30 discount)

sales discount 30

return goods 1,100

sales revenue 2,600

7 0

3 years ago

Poland's Paints allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufacturin

trapecia [35]

Answer:

Allocated MOH= $274,850

Explanation:

Giving the following information:

Estimated manufacturing overhead cost $238,900

Estimated machine hours 20,000

Actual machine hours 23,000

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 238,900/20,000

Predetermined manufacturing overhead rate= $11.945 per machine-hour

<u>Now, we can allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 11.95*23,000

Allocated MOH= $274,850

8 0

4 years ago