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3 years ago

When you take out a mortgage your home becomes the collateral. true or false

Business

1 answer:

Y_Kistochka [10]3 years ago

6 0

Answer:

True

Explanation:

A mortgage loan is done to purchase or create real state or by existing property owners to raise funds for any purpose, in both cases, while putting a lien on the property being mortgaged.

The collateral will be the property, because is the item pledged to guarantee the repayment of a loan.

Foreclosure or repossession:

The act upon which the lender will take possession and sell the property to pay off the loan in the event the borrower fails to perform the payment in terms.

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Quizlet Compared to high-income nations like Sweden, middle-income, moderately developed nations like Brazil have collectively a

beks73 [17]

Answer: have collectively a larger population and lower total fertility rate

Explanation:

Population is the number of living that resides in a geographicsl area. The population of Sweden as at 2019 is 10.23 million while the population of Brazil was about 210 million in 2019.

The fertility rate for Sweden in 2019 was about 1.849 births per woman, while the fertility rate for Brazil in 2019 was about 1.726 births per woman. This shows that Brazil has a larger population and lower total fertility rate than Sweden.

8 0

3 years ago

What is the award recieved after completing a four year undergrad program called?

madam [21]

The award received after completing a four year undergrad program is called a bachelors degree.

3 0

3 years ago

Plus Company uses the estimate of receivables method of accounting for uncollectible accounts. Plus Co. estimates that $4412 of

Darina [25.2K]

Answer:

$4,412

Explanation:

If the company estimates that $4,412 of accounts receivables will be uncollectible, then it must record that number under the Allowance for Bad debts Account.

That account started the year with a $3,284 balance, it decreased by $1,826 (debt written off), and then must be adjusted by crediting $2,954 so its balance = $4,412 on December 31.

3 0

3 years ago

GREYUIT [131]

Answer:

Required a

April 5,

Merchandise $38,900 (debit)

Accounts Payable ; Culver Company $38,900 (credit)

April 6

Freight Cost $800 (debit)

Cash $800 (credit)

April 7

Equipment $39,900 (debit)

Accounts Payable $39,900 (credit)

April 8

Accounts Payable ; Culver Company $5,000 (debit)

Merchandise $5,000 (credit)

April 15

Accounts Payable ; Culver Company $33,900 (debit)

Discount Received $678 (credit)

Cash $33,222 (credit)

Required b.

Accounts Payable ; Culver Company $33,900 (debit)

Cash $33,900 (credit)

Explanation:

When Tamarisk, Inc. paid the balance due to Culver Company on April 15, the payment is made within the discount period. Thus Tamarisk, Inc is granted a discount of 2% and pays the Account at $33,222 (net of credit granted on merchandise previously returned) .

However, when Tamarisk, Inc. paid the balance due to Culver Company on May 4 instead, the payment is made outside the discount period. Thus Tamarisk, Inc is not granted a discount pays the Account in full at $33,900 (net of credit granted on merchandise previously returned) .

6 0

3 years ago

Santos International is a beauty salon in Texas. The salon is conveniently located in mid-town, and there is plenty of parking.

Marta_Voda [28]

Answer: d. By choosing the right distribution channel.

Explanation:

In order for Santos to benefit effectively from the services they offer, they need to select the right distribution channel that will ensure that their products and services get to their customers in such a way that the customers are able to utilize these services.

They need to research the various distribution channels available to them and then based on the unique circumstances of their customers, decide which one would be best to ensure maximum reach to their customer base.

5 0

2 years ago