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Leokris [45]
2 years ago
10

When a buyer acquires a property having an existing mortgage loan, a decision must be made as to whether or not the subsequent o

wner of the property can preserve the loan. If the buyer does not add his or her signature to the note, the buyer does not take on any personal liability. In this case, the buyer is said to:
Business
1 answer:
alukav5142 [94]2 years ago
6 0

Answer:

buyer is said to purchase the property subject to the existing loan

Explanation:

Based on the information provided in the question with regards to the situation at hand, it can be said that in this case the buyer is said to purchase the property subject to the existing loan. This basically means that the buyer is not accepting the recurring mortgage payments, which usually means that the unpaid balance will be included in the final purchasing price of the property.

If you have any more questions feel free to ask away at Brainly.

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The financial statements of Weston Office Supply include the following​ items:20172016Cash​ $43,500​ $50,000Shortminus−term Inve
aivan3 [116]

Answer:

The current ratio is 1.18 times

Explanation:

Current Ratio: The current ratio is that ratio which shows a relationship between the current assets and the current liabilities

The computation of the current ratio is shown below

Current ratio = Total Current assets ÷ total current liabilities

where,

Total current assets = Cash + short-term investments + net accounts receivable + merchandise inventory

=  $43,500 + $27,000 + $102,000 + $125,000

= $297,500

And, the total current liabilities is $251,000

Now put these values to the above formula  

So, the ratio would equal to

= $297,500 ÷ $251,000

= 1.18 times

The long term note payable is not a current liabilities,hence it is not considered in the computation part.

6 0
3 years ago
Malcolm has been researching reports generated by government agencies and the local chamber of commerce. What kind of research i
Yanka [14]
The answer is D personal
3 0
3 years ago
Rushing had income of $150 million and average invested assets of $1,800 million. its return on assets is:
Norma-Jean [14]
Return of Asset is the Net Profit over the total investment multiplied by 100. It is the ratio of a profit or loss made in a fiscal year. It refers to the proceeds obtained from the sale of investment. Rushing return of assets using the stated formula is only 8.33% .
7 0
3 years ago
You consider several potential strategies you could recommend to the CEO and the Board of Directors. Some will necessitate sweep
SSSSS [86.1K]

Answer:

answer is given below

Explanation:

You have recommended that the company improve quality control by ending contracts with outside contractors and bringing all the product to the United States. This is the best option. Given the risks facing the company, it is advisable to make extensive changes in operations

  • It is always a viable decision to keep or control the quality aspects of the company in the House, because monitoring is more precise and, moreover, any small differences can be easily detected and overcome at any time.
  • In addition, working from home is always a benefit and value addition to make the production process flow freely and progressively.
  • The factor that drives a company to manage its profits from the country and, therefore, this option is viable
4 0
2 years ago
A company issued 5%, 20-year bonds with a face amount of $60 million. The market yield for bonds of similar risk and maturity is
Lesechka [4]

Answer:

Total $53.0656 (millions)

Explanation:

We will need to add the present value of the coupon payment

and the present value of the maturity date

<u>present value of the annuity:</u>

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C= 60 million x 5% /2 1.5

time= 20 years 2 payment per year = 40

rate = 6% annual = 0.06/2 = 0.03 semiannually

1.5 \times \frac{1-(1+0.03)^{-40} }{0.03} = PV\\

PV $34.6722

<u>present value of the bonds:</u>

\frac{Maturity}{(1 + rate)^{time} } = PV

Maturity 60

time 40

rate           0.03

\frac{60}{(1 + 0.03)^{40} } = PV

PV        $18.3934

<u>The value of the bond will be the sum of both</u>

PV c $34.6722

PV m  $18.3934

Total $53.0656

7 0
2 years ago
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