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
Sonbull [250]
2 years ago
6

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

Business
1 answer:
gogolik [260]2 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
Exporting products overseas is an example of ________.
stepladder [879]

Exporting products overseas is an example of a convertible trade fair trade. Thus, the correct option is A). a convertible trade fair trade.

<h3>What does the term export mean?</h3>

Export refers to the production of goods and services in one country but sold to a buyer abroad or in another country. It is the oldest forms of economic transfer of goods and services between different countries.

Export is the economic activity of exporting or selling the goods to the another country or across the border of a country.

Basically, exports lead to increased investment, technological advancement and market expansion which contribute to the economic growth.

Learn more about exports here:-

brainly.com/question/14099857

#SPJ1

6 0
2 years ago
Finley Corporation had income from continuing operations of $10,600,000 in 2014. During 2014, it disposed of its restaurant divi
gulaghasi [49]

Answer:

The answer is "$1.01"

Explanation:

Revenue from operations $10,600,000

Operations discontinued

Loss of discontinued operation

Division of restaurant (net of tax)

$315,000

Loss of diner disposal

division (net of tax)

189,000

504,000

$10,096,000 in net income

Start sharing income

Revenue from operations $1.06

Net of tax (0.05)* Discontinued transactions

$1.01 Net Revenue

3 0
2 years ago
Barbara Jones is interested in buying a five-year zero coupon bond with a face value of $1,000. She understands that the market
nordsb [41]

Answer:

Zero-cupon bond= $612.52

Explanation:

Giving the following information:

Face value= $1,000

Number of periods= 5 years

Interest rate= 10.3% = 0.103

<u>To calculate the price of the bond, we need to use the following formula:</u>

<u></u>

Zero-cupon bond= [face value/(1+i)^n]

Zero-cupon bond= [1,000 / (1.103^5)]

Zero-cupon bond= $612.52

7 0
2 years ago
This resume format focuses on the task or skills that an applicant can preform :
Sveta_85 [38]

The correct answer is B.

There are a number of ways to format a resume. A functional resume focuses on the tasks or skills that the applicant can perform.

3 0
3 years ago
Which of the following might not be an option for increasing your present income? (1 point)requesting a promotion requesting a m
Alenkasestr [34]
Answer – Quitting your job to find another
Quitting your job to find another might not be an option for increasing your present income. As a matter of fact, doing so lead to a reduction of income if a less-paying job is found after quitting the current one, or worse still total lack of income if no job is found after quitting the present job. In simple terms, if you quit your present job, there is no guarantee that you’ll find a better one. A more feasible option would be to start looking for a better job without quitting your old job. Better still, if the options are available, you may request a promotion at your present job or request a merit increase in pay.
7 0
3 years ago
Other questions:
  • On January 1, 2020, JWS Corporation issued $600,000 of 7% bonds, due in 10 years. The bonds were issued for $644,636, and pay in
    13·1 answer
  • Which does not motivate entrepreneurs?<br>A. profit<br>B. freedom<br>C. innovaton<br>D. security
    15·2 answers
  • You are considering investing in a no-load mutual fund with an annual expense ratio of .6% and an annual 12b-1 fee of .75%. You
    6·2 answers
  • Preparing adjusting entries LO P1, P3, P4
    6·1 answer
  • "Suppose that the demand and supply curves have similar steepness. If demand for the good increases slightly and at the same tim
    10·1 answer
  • Mullen Company purchased a new machine costing $55,200 on January 1, 2017. The machine is expected to have a $3,600 salvage valu
    15·1 answer
  • Bailey Corporation. incurred 2,300 direct labor hours to produce 600 units of product. Each unit should take 4 direct labor hour
    10·1 answer
  • an example of how product characteristics influence transporation is that if a product is high density
    7·1 answer
  • Real Wood Structures Company has invested $1,040,000 in a plant to build small tool sheds. The target operating income desired f
    11·1 answer
  • The ability to capture and analyze all customer interactions, generate appropriate responses, and gather data to create and buil
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!