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Lisa [10]
3 years ago
14

M has four liens, which were recorded in the following order: $150,000 on the mortgage, $2,000 to a general contractor for a new

roof; $3,000 for unpaid county property taxes; and a $12,000 judgment for credit card debt. The bank forecloses, and the house sells for $152,000. How is the money will most likely distributed?
Business
1 answer:
AnnyKZ [126]3 years ago
4 0

Answer:

First the bank will collect its $150,000 and then the county will collect $2,500 in unpaid property taxes.

Explanation:

Generally, liens get in line depending on the time that they were recorded (contractor then credit card) but property taxes have superiority over other liens even f they were recorded before. After the foreclosure, the liens cease to exist, but not the debt. The property will still owe $500 in taxes and the previous owner will still owe $3,000 to the contractor and $12,000 in credit card debt.

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The Porch Cushion Company manufactures foam cushions. The number of cushions to be produced in the upcoming three months​ follow
Eddi Din [679]

Answer:

16,900

Explanation:

Ending Inventory = 30% x 12,000 = 3,600

Beginning Inventory = 30% x 19,000 =5,700

Thus;

19,000 + 3,600 – 5,700 = 16,900

Therefore the Porch Cushion Company need to purchase in​ August,900 pound of foam of Cushion.

5 0
3 years ago
Kelly and David are both capable of repairing cars and cooking meals. Which of the following scenarios is not possible? a. Kelly
Free_Kalibri [48]

Answer:

c.

Explanation:

Based on the scenario being described within the question it can be said that the statement that is not possible would be Kelly having a comparative advantage in repairing cars and in cooking meals. This is because a when having a comparative advantage you are better at something but at the same time you are giving up other opportunity costs. Therefore in this scenario Kelly can only have a comparative advantage at either repairing cars or cooking meals but not both.

3 0
3 years ago
A proxy given to a caretaker to vote at stockholders shares is a: A power of attorney B trading authorization C discretionary au
vova2212 [387]

Answer:

A) Power of Attorney

Explanation:

When a stockholder cannot attend a corporation's annual meeting, he/she can issue a power of attorney to another person to represent him/her at the meeting and vote on his/her behalf. In business, this is called a proxy, where the individual granted the power of attorney acts as the stockholder's proxy.

7 0
4 years ago
A small private college situated in a rural geographic setting, a research lab at a bio-tech company and an attorney could all b
Gekata [30.6K]

Answer:

The correct answer to the following question is C) Appropriate audience for an advertising campaign.

Explanation:

When a company wants to sell its product in the market , it is very important for them to understand who their target market or target audience are, because these are the people who are in interested in buying company's product not everyone in the market. So it becomes very important for the company to identify who their target audience are and to make a connection with them, so that they can be influence in to buying the company's product.

And in the given above question all of them are example of target audiences.

7 0
3 years ago
Which of the following statements is not accurate descriptions of the business market? Mrs. Phillip, a retail buyer for Blooming
Natali [406]

Answer:

Mrs. Phillip, a retail buyer for Bloomingdale's, does all the shopping for her family at the same store.

Explanation:

The business market is the market where you can sell your product and services to the other businesses so it can be used as a raw material for the other business in order to manufacture the products. And, the other reason is to purchased the products and resell them.

So based on the given statements, the first option is considered as in the remaining statements there are business transactions but in this only one person i.e. retail buyer is considered

8 0
3 years ago
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