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
Ainat [17]
3 years ago
12

Sam Frank is a retired Army officer who wants to purchase a new home using a VA loan. In 2000, Sam used his VA guarantee of $36,

000 when he purchased his current home. Based on the VA's maximum guarantee of $104,250 and his partial eligibility, how much of a loan can Sam get with no money down?
a) $68,250
b) $155,000
c) $208,500
d) $273,000
Business
1 answer:
yawa3891 [41]3 years ago
3 0

Answer:

D) $273,000

Explanation:

The VA's maximum guarantee for home purchases applicable for 2019 is $484,350, including additional benefits like no down payments and no private mortgage insurance.

Since Sam already used 34.45% of his benefit during 2000, he can only use 65.55% of his available benefit now. In current values that would equal around $317,000 but I guess this question is using values applicable during 2018, which would result in a maximum guarantee of $417,000, and 65.55% of that would be $273,000.

The amount of VA's loans increase year by year and also vary depending on certain states and counties.  

You might be interested in
Lean manufacturing means designing green products and packaging that minimize resource use, can be recycled or reused, and are g
EleoNora [17]

Answer:

True.

Explanation:

Lean manufacturing is a production method in which companies focus on reducing wastage of available resources and maximize productivity of manufacturing process. This process includes introducing activities to minimize harm to environment by draining harmful waste, using environmental friendly products and minimize usage of raw material. Lean manufacturing focuses to improve the product quality to provide greater value to customers.

8 0
3 years ago
Read 2 more answers
The company's overhead costs of $58,000 are allocated based on labor cost. Assume 8,000 units of product A and 9,000 units of Pr
snow_lady [41]

$9.7295 amount of production costs would be assigned to Product A

<h3>What is production ?</h3>

Production is the process of combining different material and immaterial inputs to create something for consumption. It is the act of producing an output, such as a good or service, that has value and contributes to people's utility.

Land, labor, capital, and entrepreneurship are the four production factors.

Production has six facets, according to Peterson and Anand (2004): technology, law and regulation, industry structure, organizational structure, occupational careers, and market.

The four factors of production are inputs used in various combinations to produce goods and services for a profit. Land, labor, capital, and entrepreneurship are the production factors. They are the supply inputs required.

To know more about production  follow the link:

brainly.com/question/16755022

#SPJ4

4 0
2 years ago
The city of Springvale imposes a net income tax on businesses operating within its jurisdiction. The tax equals 1% of income up
sveta [45]

Answer:

$11,230

Explanation:

The city of Springvale imposed a net income tax on all businesses

Each business will make a payment of 1% for any amount up to $100,000 and 1.5% for any amount above $100,000

The net income generated by Springvale Bar and Grill is

= $782,000- $100,000

= $682,000

Therefore, it's city income tax is calculated as follows

(1/100+100,000) + ( 1.5/100+682,000)

( 0.01+100,000) + ( 0.015+682,000)

= 1000 + 10,230

= $11,230

Hence, Springvale Bar and Grill will pay a net income tax of $11,230

4 0
3 years ago
Inflation is 20 percent. Debt is $2 trillion. The nominal deficit is $300 billion. If the expected inflation rate falls from 20
romanna [79]

Answer:

Option A is correct ( Expected inflation does not change the real deficit)

Explanation:

Real deficits are real variable and it is not affected by the change in inflation rate, because inflation is nominal variable. So, nominal value of deficits can be affected, but real value of deficits will remain same.

4 0
3 years ago
If your Company doesn't have cash flow which of these things is likely to happen
Ipatiy [6.2K]

lost of your company's jop

5 0
4 years ago
Read 2 more answers
Other questions:
  • An automatic stabilizer: A. extracts money from the economy during recessions. B. is exemplified by a program such as unemployme
    5·1 answer
  • A firm has return on assets (roa) of 15 percent, and debt-equity ratio of 60 percent. calculate the firm's return on equity (roe
    6·1 answer
  • A company can sell all the units it can produce of either Product A or Product B but not both. Product A has a unit contribution
    8·1 answer
  • The sarbanes-oxley act requires companies to establish ethics codes, develop employee complaint systems, and have antiretaliatio
    11·1 answer
  • Operations managers view innovation as a ""funnel"" because: Small ideas grow to become broad new strategies It often takes many
    8·1 answer
  • Robin, a senior at state university, receives free room and board as full compensation for working as a resident advisor at the
    13·1 answer
  • Your manager is concerned that costs are being misappropriated due to large balances in ending work in process inventories while
    7·1 answer
  • Consider the following information:
    11·1 answer
  • Examine the scenarios to determine the protected status, unprotected status, existence, or non-existence of a trade secret.
    15·1 answer
  • generally accepted government auditing standards define and describe three broad types of audits that may be performed: financia
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!