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]
3 years ago
6

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
Universal Concerts wants to bring a series of country music concerts to Canada next year. In general, Western Canadians prefer c
SashulF [63]

Answer:

The correct answer is letter "A": geographic characteristics.

Explanation:

Market segmentation refers to the classification companies make of their consumers based on different features such as age, gender, or income for instance so that firms can decide in which of those sectors they are likely to have more success based on the know-how and resources it counts on. As well, companies consider the sector that provides more opportunities so the likelihood of generating more revenue increases.

Therefore, <em>Universal Concerts must focus on geographic characteristics at the moment of choosing what type of concerts they will handle if there is a need to set one type of them only.</em>

7 0
4 years ago
The following costs were incurred in September:
aleksley [76]

Answer:

Option (d) is correct.

Explanation:

Given that,

Direct materials = $44,200

Direct labor = $31,800

Manufacturing overhead = $25,200

Selling expenses = $22,100

Administrative expenses = $37,100

Conversion cost:

= Direct labor + Manufacturing overhead

= $31,800 +$25,200

= $57,000

Therefore, the conversion costs during the month totaled $57,000.

5 0
4 years ago
The two major types of transactions that affect the international flow of money are:
andre [41]
The two major types of transaction that affects the international flow of money are b. debits and credits.
When you say debits, it the liabilities and when you say credits its the assets. These two is the major transaction that makes a big impact to the economy.
4 0
3 years ago
Read 2 more answers
How does implementing change affect strategic relationship management?
HACTEHA [7]

Answer:

A it upsets the balance

Explanation:

4 0
3 years ago
Read 2 more answers
When the "invisible hand" guides economic activity, prices of products reflect______________.
FinnZ [79.3K]

Answer:

b) both the values that society places on those products and the costs to society of producing those products 

Explanation:

When the "invisible hand" guides economic activity, prices are known as equilibrium prices.

Equilibrium price is found where the demand curve intersects with the supply curve .

Equilibrium price is the price where both the value that society places on those products and the costs to society of producing those products are equal.

I hope my answer helps you

7 0
3 years ago
Other questions:
  • You find a zero coupon bond with a par value of $10,000 and 13 years to maturity. If the yield to maturity on this bond is 4.7 p
    12·1 answer
  • Which of the following statements is TRUE about payday loans? A. They are harder to pay back because of high fees and B. They ar
    7·2 answers
  • Journalize the adjusting entry needed at December 31 for each situation. Record debits first, then credits. Check your spelling
    12·1 answer
  • If the price elasticity of supply is 0.6, and a price increase led to a 3.7 percent increase in quantity supplied, then the pric
    12·1 answer
  • Indicate how each of the following would shift the (1) marginal-cost curve, (2) average-variable-cost curve, (3) average-fixed-c
    6·1 answer
  • Which of the following is NOT a benefit of using direct deposit for your paycheck or state/federal benefits?
    6·1 answer
  • Jenna is searching for a job that suits her tastes about where to live. Mary is looking for a job that makes best use of her ski
    11·1 answer
  • The united states can use all its resources to produce 250 dvds or 500 shoes. china can use all of its resources to produce 30 d
    11·1 answer
  • Identifying advantage of working in teams
    15·2 answers
  • What purpose does tesla serve in the economy?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!