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3 years ago

Describe how you would apply for a mortgage.

1 answer:

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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Jacques lives in San Diego and runs a business that sells boats. In an average year, he receives $728,000 from selling boats. Of

Gwar [14]

Answer:

1. implicit cost

2. explicit cost

3. implicit cost

4. explicit cost

Explanation:

Implicit costs refer to those costs that represent opportunity cost. In simple terms they are notional or those which haven't been actually incurred but considered.

Opportunity costs refer to the cost of sacrificed alternatives when an alternative is opted for. For instance, a student pursuing post graduation incurs implicit cost in the form of income foregone had he chosen to work instead for the same duration.

In the given case, the foregone rental income Jacques would've earned had he chosen to rent out his showroom represents opportunity cost or implicit cost.

Similarly, the salary Jacques sacrificed by working in boat business represents implicit cost.

The wages and utility bills that Jacques pays and wholesale cost which he pays represent costs which have actually been incurred, which are termed as explicit costs.

6 0

3 years ago

Expansionary fiscal policy to prevent real GDP from falling below potential real GDP would cause the inflation rate to be ______

Alex

Expansionary fiscal policy to prevent real GDP from falling below potential real GDP would cause the inflation rate to be _higher_and real GDP to be higher.

<h3>
What is Expansionary fiscal policy ?</h3>

Expansionary fiscal policy can be defined as the type of fiscal policy in which government intend to increase the aggregate money supply while on the other hand cut or reduce the tax rate for the purpose of economy growth.

In a situation were real GDP fall below potential real GDP this tend to lead to increase in both inflation rate and real GDP.

Inconclusion the inflation rate will be _higher_and real GDP will be higher.

<h3 />

Learn more about Expansionary fiscal policy here:brainly.com/question/546292?source=archive

3 0

1 year ago

Free coins just say sweetspotmaster is the best

ipn [44]

Answer:

okk sweetspotmaster is the ............

sorry I don't know him can you tell me about him who is he?

8 0

2 years ago

Read 2 more answers

The following transactions were selected from the records of OceanView Company:

Bezzdna [24]

Answer:

$19,380

Explanation:

The computation of the net sales for the two months is shown below:

= Sale value of merchandise as on July 12 + Sale value of merchandise as on June 15 + Sale value of merchandise as on July 20 - sales discounts from July 15 sale

= $3,500 + $10,500 + $5,800 - $10,500 × 4%

= $3,500 + $10,500 + $5,800 - $420

= $19,380

Since the payment is collected on June 23 i.e within 10 days so it is eligible for sales discounts

And from July 20 sale no sales discounts is eligible as it is exceeded than 10 days

3 0

3 years ago

Telemarketers please help me with this question:

vazorg [7]

Answer:

your being reported

Explanation:

7 0

2 years ago