1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
galben [10]
3 years ago
9

George borrows funds from Hometown Credit Union (HCU) to buy real property. George signs a written instrument that gives HCU an

interest in the property as security for the debt’s payment. This is _________.
Business
1 answer:
LUCKY_DIMON [66]3 years ago
6 0

Answer:

a mortgage.

Explanation:

A mortgage is a type of loan where real estate serves as collateral. Usually mortgages are used by people wanting to buy real estate since they can borrow larger amounts of money.

In order for the borrower to receive money form the bank, he/she signs a contract by which the bank has a rightful interest in the property. In case the borrower doesn't pay, the bank can foreclose the property.

You might be interested in
A bank customer borrows X at an annual effective rate of 12.5% and makes level payments at the end of each year for n years.(whi
Evgesh-ka [11]

Answer:

Y = $391.10

Explanation:

We have 0.125<em>B</em>(n-1) = i

B(n-1) = In = 142.78

So that B(n-1) = 142.78/0.125 = 1142.24

Furthermore, B(n-1) = <em>Px = Pv </em>= P/(1+0.125) = 1142.24

P/1.125 = 1142.24

P = 1142.24*1.125

P = 1285.02.

The total amount of the loan = Principal repaid as of time (n-1) + Principal repaid in last payment

= 6009.12 + 1142.24

= 7151.36

So, the total amount of the loan is 7151.36.

The principal repaid in the first payment Y = 1285.02 - 0.125*7151.36

Y = 1285.02 - 893.92

Y = $391.10

4 0
3 years ago
Emarpy Appliances Inc. wants to determine the optimal production policy for their best selling refrigerator. The demand for this
monitta

Answer:

Q' = 213.80

Explanation:

P(d): production rate per day = 200

Ic: Installation cost = 120

D: Demand = 8000

D(d): demand rate per day = 32

Uc: Unit cost (holding) = 50

Applying into Production order quantity model formula

Q'= \sqrt{\frac{2*D*Ic}{(1 - \frac{D(d)}{P(d)}) * Uc } }  = \sqrt{\frac{2*8000*120}{(1 - \frac{32}{200})*50 } }  = 213.80

7 0
3 years ago
Mudvayne, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with 11 years to maturity that is
ale4655 [162]

Answer:

3.56%

Explanation:

In this question, we use the Rate formula which is shown in the spreadsheet.  

The NPER represents the time period.

Given that,  

NPER = 11 × 2 = 22 years

Present value = $1,000 × 104% = $1,040

Future value = $1,000

PMT = 1,000 × 4% × (6 months ÷ 12 months)  = $20

The formula is shown below:

= Rate(NPER;PMT;-PV;FV;type)

The present value come in negative

So, after solving this, the answer would be 3.56% ( 1.78 × 2)

7 0
3 years ago
The contribution approach to the income statement:Group of answer choicesOrganizes costs on a functional basis.Shows a contribut
Pavel [41]

Answer: Is useful to managers in planning and decision making.

Explanation:

The Contribution approach to the income statement helps the company understand better the behaviour of it's variable and fixed assets because the Contribution Margin approach first subtracts variable costs from revenue and then subtracts fixed costs.

This allows the company to know which of the costs are more taxing on the company thereby enabling the company to know which to work on. It is therefore useful to managers in planning and decision making.

4 0
3 years ago
Beau went shopping at ABC Carpet. He saw some carpet he liked but could not make up his mind. The manager at ABC Carpet wrote do
Taya2010 [7]

Answer:

C) The court will apply the predominant-purpose test to determine whether the predominant purpose of the contract was the sale of goods in which case the UCC would apply.

Explanation:

From the case it is clear that the contract happens between Beau and the Manager of XYZ is of selling the carpet only. The service on the other hand, is not a department of UCC. The service contracts are department of common law whereas sales of goods law is applied to UCC or Uniform Commercial Code. So, except this option, all other options are false.

5 0
3 years ago
Other questions:
  • A ____ is a single set of hardware, software, databases, telecommunications, people, and procedures that are configured to colle
    5·1 answer
  • One of the costs listed below is an opportunity cost. identify this cost.
    11·1 answer
  • Full meaning of NeRsA
    15·2 answers
  • A store that sells sporting equipment is an example of what kind of store?
    6·2 answers
  • Risks of fixed costs of a business are more for an alliance than an independent firm.
    13·1 answer
  • The Medicare Supplement Right of Return Provision (Free Look Period) allows the buyer a period of ________ to return a policy an
    10·1 answer
  • Home Baked Bread Company hires Craig to sell the company's products in a certain area. Home Baked Bread agrees to pay Craig a sa
    12·1 answer
  • E-Eyes Bank just issued some new preferred stock. The issue will pay a $9 annual dividend in perpetuity, beginning 6 years from
    12·1 answer
  • Madeline is a research assistant for her favorite biology professor, Dr. Ogechi. Dr. Ogechi is interested in studying the effect
    13·1 answer
  • How can entrepreneurship help school leavers to not become a part of the unemployed?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!