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Maslowich
3 years ago
14

Describe how you would apply for a mortgage.

Business
1 answer:
ExtremeBDS [4]3 years ago
5 0

You have to complete a " Mortgage Application", the application will usually ask for a credit report, any credit accounts, amount of income, available funds, credit card balances, and a price range. Once a lender has reviewed your application he/she will decide rather to approve or disapprove your application. If your application is approved you will need to make a down payment. A borrower with good/excellent credit is more likely to be approved for a mortgage. Interest rates will determine how much you will pay monthly. Interest rates can also change while the loan application is being reviewed and processed by the lender.

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Leas Corporation staffs a helpline to answer questions from customers. The costs of operating the helpline are variable with res
Nikolay [14]

Answer:

The average cost of operating the helpline per call at a volume of 25,300 calls in a month will be $18.10

Explanation:

The costs of operating the helpline are variable with respect to the number of calls in a month. At a volume of 25,000 calls in a month, the costs of operating the helpline total $452,500.

The average cost of operating the helpline per call = $452,500/25,000 = $18.10

At a volume of 25,300 calls in a month, The average cost of operating the helpline per call does not change but the total costs of operating the helpline increase because the costs of operating the helpline are variable.

Total costs of operating the helpline = $18.10 x 25,300 = $457,930

7 0
3 years ago
Jose owns an ice cream and frozen treat restaurant and is considering adding new menu items. He recently met with the representa
Monica [59]

Answer:

A. Modified rebuy

Explanation:

There are three types of buying situation:

1. Modified rebuy

2. Straight rebuy

3. New task

1. Modified rebuy: This is a buying situation in which an individual or organisation buys goods that have been purchased previously but changes either the supplier or some other element of the previous order. It is a buying situation in which the buyer wants to modify product specifications, prices, terms, or suppliers.

2. Straight rebuy: It is also known as Extensive problem solving situation. Customers are aware of his or her choices, what they are searching for, his/her needs which is based on personal experience of the customer or friends and families.

3.The new task: This is a business buying situation in which the buyer purchases a product or service for the first time. The buyer has no past experience about the products. It takes a longer time for the buyer to decide because of the risk involved.

8 0
3 years ago
A journal designed for entering only sales on account is called the
grandymaker [24]
The answer to the question stated above is letter c. <span>sales journal.
</span>
Sales journals<span> are used for recording sales of merchandise on account, it is sometimes termed as credit sales.
 Cash sales are </span>not recorded on <span>Sales journal  because </span><span>they belong in the </span>cash receipts journal.
6 0
3 years ago
Biochemical Corp. requires $720,000 in financing over the next three years. The firm can borrow the funds for three years at 10.
Brrunno [24]

Answer:

Long-term fixed-rate plan-$220,320.00  

Short-term variable-rate plan-$224,280.00  

The long-term fixed-rate plan is less costly as it has a lower interest expense

Explanation:

Total interest under the first plan=principal amount*interest rate*3 years

principal amount is $720,000

interest rate is 10.20%

total interest expense=$720,000*10.20%*3=$220,320.00  

Interest expense under second plan=($720,000*8.50%)+($720,000*12.90%)+($720,000*9.75%)=$224,280.00  

6 0
3 years ago
I need help. Can someone explain to me how to graph and find this.
Jlenok [28]
Copy and paste it in google see what it gives u
3 0
3 years ago
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