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Romashka [77]
3 years ago
11

Gary did not pay his past three payments on his mortgage. What is the possible consequence he is facing?

Business
1 answer:
Lapatulllka [165]3 years ago
6 0

Answer: Foreclosure

Foreclosure refers to a bank’s act of taking possession of a mortgaged property when the mortgage holder fails to make the monthly mortgage payments.  

Foreclosure occurs when a home owner does not pay his monthly loan instalments for three consecutive months.

It is a legal process in which the home owner loses the ownership of the property and the banker gets the right to sell off the property in order to make up the loss on account of non payment.



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Smallville has a linear production possibility frontier in the production of good X and good Y. It can produce 6 of X per hour o
aliina [53]

Answer:

The maximum amount of good Y produced will be 960.

Explanation:

Smallville has a linear production possibility frontier in the production of good X and good Y.

It can produce 6 of X per hour or 8 of Y per hour.  

It has 240 hours of labor and divides labor hours equally between the production of good X and good Y.

It means that both good X and good Y get 120 hours of labor each.  

The amount of good Y produced in 120 hours

= 120\ \times\ 8

= 960 units

6 0
3 years ago
Business objectives are not just about <br> profit <br> True or false
borishaifa [10]

Answer:

True

Explanation:

The answer is true

7 0
3 years ago
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Master Card and other credit card issuers must by law print the Annual Percentage Rate (APR) on their monthly statements. If the
larisa86 [58]

Answer:

The EFF of card is 27.45%.

Explanation:

EFF interest rate is an interest rate which is actually paid or received on debt or investment. It is also known as Effective Interest rate.

APR = 24.50%

EFF = ( ( 1 + r/m )^m ) - 1

EFF = ( ( 1 + 0.245/12 )^12 ) - 1

EFF = ( ( 1 + 0.020417 )^12 ) - 1

EFF = ( ( 1.020417 )^12 ) - 1

EFF =  1.27447765 - 1

EFF = 0.2745

EFF = 27.45%

6 0
3 years ago
What is your assessment of the Under Armour’s performance downturn in North America that first appeared in the fourth quarter of
nikklg [1K]

Answer: The answer is given below

Explanation:

My assessment of the Under Armour’s performance downturn in North America that first appeared in the fourth quarter of 2016 was that Under Armour’s 2016 downturn was caused as a result of the reduction in the sale and earnings outlook.

Also, the weakened demand that occurred in North America had a negative effect on demand and resulted in the company dropping from 25.7% in the first quarter, to 21.5% in the second quarter and about 15.6% in the third quarter.

4 0
3 years ago
Allitron, Inc., and Donovan, Ltd., are interstate competitors selling similar appliances, principally in the state of Illinois,
maxonik [38]

Answer:

Since Allitron and Donovan engage in interstate commerce, they are regulated by the Sherman Antitrust Act. They incurred in collusion, which is illegal since they are restraining interstate commerce. Since they are competitors, they are prohibited from simply dividing sales territories, they should instead be competing for who serves them better.

Several punishments can result from this type of behavior:

  • the companies can be fined with up to $1 million each
  • their upper management can be sent to jail for up to 3 years
  • the Department of Justice should take actions that limit this
6 0
3 years ago
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