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4 years ago

A developer would most likely obtain which of the following types of mortgage on a new subdivision?

Business

1 answer:

ArbitrLikvidat [17]4 years ago

7 0

Answer:

Blanket Mortgage

Explanation:

This type of mortgage would suit developers because of their intention to create many individual parcels out of a large tract of land in order to be resold gradually. Blanket mortgage is a loan type that are used for buying more than one real estate property. This loans are popular with builders and developers because they buy huge lands and sell them in small bits over a period.

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True or False: Homeowners in states like Texas or Florida may have to purchase special insurance based on their home's geographi

zlopas [31]

True, it’s a good idea because it helps protect your home and other assets

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3 years ago

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A favorable materials price variance coupled with an unfavorable material usage variance would most likely result from:

Masteriza [31]

The purchase of low-quality materials would most likely the result of a favorable materials price variance coupled with an unfavorable material usage variance. Material price variance is the difference between the cost and the budgeted and actual cost to obtain an object or materials, multiply to the total amount of the product purchased. They are what you called positive value of direct material price and negative value of direct material price. A positive value of direct material price variance is the one that is favorable and it means that the direct material was purchased for a lesser price than the standard price. A negative value of direct material price variance is the one that is unfavorable and it means that more than the expected price per unit is paid.

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4 years ago

A company has two departments, Y and Z that incur wage expenses. An analysis of the total wage expense of $19,000 indicates that

Xelga [282]

Answer:

Departmental wage expenses for Dept. Y = 8,750 and Dept. Z = 10,250.

Explanation:

Direct wages of Y and Z sum 2,000 + 3,500 = 5,500. The remaining expenses are the difference between total wage expense and direct wage expenses. That means indirect expenses are 19,000 - 5,500 = 13,500. These has to be allocated half for each department.

Dept Y expense is 2,000 + 13,500/2 = 2,000 + 6,750 = 8,750

Dept Z expense is 3,500 + 13,500/2 = 3,500 + 6,750 = 10,250

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4 years ago

The management of Penfold Corporation is considering the purchase of a machine that would cost $270,000, would last for 5 years,

Lorico [155]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Initial investment= $270,000

Cash flow= $60,000

Number of years= 5

Discount rate= 12%

<u>To calculate the net present value (NPV), we need to use the following formula:</u>

NPV= -Io + ∑[Cf/(1+i)^n]

∑[Cf/(1+i)^n]:

Cf1= 60,000/1.12= 53,571.43

Cf2= 60,000/1.12^2= 47,831.63

.....

Cf5= 60,000/1.12^5= 34,045.61

∑[Cf/(1+i)^n]= 216,286.57

NPV= -270,000 + 216,286.57

NPV= -53,713.43

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3 years ago

The apr of rose's savings account is 4.2%, and interest is compounded monthly. if rose makes no additional deposits or withdrawa

Alex777 [14]

The answer is $9489.64

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3 years ago

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