All categories

3 years ago

When you take out a mortgage your home becomes the collateral. True or Fals

Business

1 answer:

gogolik [260]3 years ago

7 0

Answer:

The statement is true.

Explanation:

Mortgage is the long term loan which is issued by the financial institution like banks. These are those loans which are obtained or acquired for a large amount of finance required.

For example, an entrepreneur need a 50 million for the business expansion. Therefore, in this case, usually a house is worth the amount so it is offered as collateral security.

And if entrepreneur fails to make the payment to the lender that is bank, in that case, the bank has an option of claiming the ownership of the property. This result in seizing the mortgage collateral.

You might be interested in

Curtis Corporation's noncallable bonds currently sell for $1,165. They have a 15-year maturity, an annual coupon of $95, and a p

azamat

Answer:

The answer is 7.61%

Explanation:

N(Number of periods) = 15 years

I/Y(Yield to maturity) = ?

PV(present value or market price) = $1,165

PMT( coupon payment) = $95

FV( Future value or par value) = $1,000.

We are using a Financial calculator for this.

N= 15; PV = -1165; PMT = 95; FV= $1,000; CPT I/Y= 7.61

Therefore, the Yield-to-maturity of the bond is 7.61%

7 0

4 years ago

Identify the financial statement where these decision makers can find the following information about Flurry, Inc. In some cas

Ludmilka [50]

Answer:

a. Ending cash balance

You can find the ending cash balance in both the balance sheet and the statement of cash flows.

b. Adjustments to reconcile net income to net cash provided by operations

You can find this information in the statement of cash flows (under cash flows from operating activities).

c. Common stock

You can find this information in the balance sheet and the statement of stockholders' equity.

d. Total assets

You can find this information in the balance sheet

e. Net income

You can find this information in the income statement and the statement of cash flows (under cash flows from operating activities).

f. Revenue

You can find this information in the income statement.

g. Income tax payable

You can find this information in the balance sheet. Total income tax liability can be found int he income statement but it doesn't show us the unpaid amount. Also, the statement of cash flows shows us how this account changes from one year to the next.

4 0

3 years ago

1. Describe an example of a task that it might make sense for a company to outsource. (1-2 sentences. 2.0 points) 2. Describe th

Aleksandr-060686 [28]

I am not Sure What the question is explain a little better

3 0

4 years ago

Read 2 more answers

Management of the catering company would like the food division to transfer 10,000 cans of its final product to the restaurant d

slava [35]

Answer:

$35

Explanation:

Given:

Variable cost per unit = $35

Fixed cost per unit = $10

Sale price = $70

Computation:

Minimum Transfer price = $35

Company working on full capacity So, variable cost per unit is considered as the minimum transfer price.

3 0

3 years ago

Describe an example of your leadership experience in which you have positively influenced others, helped resolve disputes or con

just olya [345]

An example of a leadership experience where I positively influenced others was when I inspired my friends to have better grades.

Leadership simply means the ability of an individual to be able to guide and motivate the members of an organization. A good leader brings out the best in others.

An example of a leadership experience where I positively influenced others was when I inspired my friends to have better grades.

My friends were having trouble with Mathematics. They always complained that it was tough. I told them that they should believe in themselves. I motivated them and they achieved higher grades.

Read related link on:

brainly.com/question/25773902

6 0

3 years ago