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hoa [83]
3 years ago
10

If a house was sold for $40,000 and the buyer obtained an FHA-insured mortgage loan for $38,500, how much money would the buyer

pay in discount points if the lender charged four points?
Business
1 answer:
Lelu [443]3 years ago
8 0

Answer:

correct answer is $1,544 Explanation:

given data

sold = $40,000

mortgage loan = $38,500

solution

we know that here 1 discount point cost of buyer of loan = 1 %

so discount point = $38,500 × 1%  = $38,500 × 0.01 = $385

and

Points are always paid on the loan amount = $385 × 4

Points are always paid on the loan amount = $1,540 in discount points

so correct answer is $1,544

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Poodle Corporation was organized on January 3, 2011. The firm was authorized to issue 100,000
Zanzabum

Answer:

C. $370,000

Explanation:

Poodle Corporation was organized on January 3, 2011. The firm was authorized to issue 100,000  shares of $5 par common stock.

During 2011, Poodle had the following transactions relating to  shareholders' equity:

Issued 30,000 shares of common stock at $7 per share.

Issued 20,000 shares of common stock at $8 per share.

Reported a net income of $100,000.

Paid dividends of $50,000.

Therefore total Paid-in capital at the end of 2011 is derived by :

(30,000 shares x $7) + (20,000 x $8) = $370,000

Paid - In capital refers to the funds that stockholders have invested through the purchase of stock from the issuing company, including premiums and not just par value.

3 0
4 years ago
Disney’s my magic system, which enables visitors to swipe their magic band wristbands to get on rides, make purchases, and open
Lera25 [3.4K]

<em>Answer:</em>

<em>Answer:If you haven’t been on a Disney vacation in the past decade, then you may not be familiar with Disney’s MagicBands. These bands, similar in size to a FitBit, were introduced in 2013 as part of a major technology overhaul to the guest experience at Walt Disney World. Disney guests start by planning their vacation and pre-booking many of their desired vacation experiences on My Disney Experience online accounts.</em>

<em>Answer:If you haven’t been on a Disney vacation in the past decade, then you may not be familiar with Disney’s MagicBands. These bands, similar in size to a FitBit, were introduced in 2013 as part of a major technology overhaul to the guest experience at Walt Disney World. Disney guests start by planning their vacation and pre-booking many of their desired vacation experiences on My Disney Experience online accounts.Once arriving on site at Disney, MagicBands are tools to unlock many features of that high-tech vacation experience. For example, guests can use MagicBands as a room key for on-property hotel rooms, to charge purchases, to scan into theme parks entrances and Lightning Lanes, and much more. MagicBands are made of flexible plastic and fit around guest wrists so they go can everywhere each guest goes.</em>

8 0
2 years ago
When a nation's human and material resources are fully employed, more of any one
siniylev [52]

Answer:

C. Can be produced only if there is less production of other products.

Explanation:

When a nation's human and material resources are fully employed, then there has to be less production of other products because resources would have to be shifted away from such production and concentrated im producing more of any one item or product.

The above shows a scenario where economizing problem is in force i.e scarcity, which requires proper allocation of resources. It is a major problem faced by many societies and must be solved when there is less production of other products inorder to produce more of any one product.

5 0
3 years ago
Farm subsidies account for approximately ________ of net agricultural income, making america's farmers among the most heavily su
alexgriva [62]
The subsidies account for B. One-Fifth <span>of net agricultural income.
The amount of subsidy started to increased after </span><span>Homestead Act of 1862 , A Government program that created to promote local agriculture sector.
The subsidies exist in the form of direct payment for producing a certain commodities, and help in buying a certain tools and supply for the production.</span>
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4 years ago
Which account would you have a debit card linked to?
yulyashka [42]
D) checking account
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