Answer: Recommend that such borrower should contact the representative of the lender before the signing of the documents.
Explanation:
In a scenario whereby a borrower is questioning the amount of the notary or the signing fee that appears on the settlement statement, the notary agent should simply tell the borrower that he or she should contact the representative of the lender before the signing of the documents.
If that is done, the borrower can then know the next thing to do after hearing from the lenders representative.
Answer:
b. opportunity loss.
Explanation:
The opportunity loss means the loss that arises by taking the difference between the profit i.e. optimal and the actual payoff received for a specific decision. It could occurred at the time when the best alternative is not picked up.
Therefore according to the given options, the option b is correct as it meets the criteria given in the question
Hence, all the other options are incorrect
Answer:
$34,090
Explanation:
Calculation to determine Jose's cost basis for the delivery van
Using this formula
Delivery van cost basis=Price + Shipping cost + Paint + Sales tax
Let plug in the formula
Delivery van cost basis=$27,250 + $840 + $1,800 + $4,200
Delivery van cost basis = $34,090
Therefore Jose's cost basis for the delivery van will be $34,090
B is the answer . I had the same question on my online exam