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Katena32 [7]
4 years ago
14

Many older, retired households are considered "house poor." Which of the following forms of loans has been designed to help miti

gate this problem by offering additional monthly income to these homeowners in exchange for a portion of their housing equity?
A. Purchase-money mortgage (PMM)
B. Package mortgage
C. Home equity loan
D. Reverse mortgage
Business
1 answer:
brilliants [131]4 years ago
8 0

Answer:

Reverse mortgage

Explanation:

Reverse mortgage is a type of loan in which a borrower from 62 years and above is able take part of their home equity without the need to pay monthly mortgage. This type of loan is majorly for older home owners who do not have sufficient monthly income, this type of loan can be a source of additional monthly income.

In other words, the home owner is able to get cash from borrowing against his/her home equity without selling the home. This type of mortgage loan doesn't have to be repaid until borrower wants to leave the home. Hence, the home can only be foreclosed if the borrower wants to leave the home without paying back the loan.

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The journal entry a company records for the issuance of bonds when the contract rate is greater than the market rate would be
ahrayia [7]

Answer:

C. debit cash, credit premium on bonds payable and bonds payable

Explanation:

Since the contract rate is greater than the market rate, the bond is issued at a premium. And, the journal entry is shown below:

Cash A/c Dr XXXXX

      To Premium on bonds payable A/c XXXXX

      To Bonds payable A/c XXXXX

(Being bond is issued at a premium is recorded)

When the bond is issued at a premium, we debited the cash account and credited the premium on bonds payable and bonds payable account

4 0
3 years ago
When Fisher-Price comes up with an idea for a new toy, it needs to ensure that the children who play with the toy will not choke
Dmitriy789 [7]

Answer:

The correct answer is Product Development Stage.

Explanation:

If any of the changes are required to be incorporated in a design, the best point of attempting these changes is in the product design phase such that the considerations are included from the initial stage and the design effort is not wasted.

6 0
4 years ago
By posting a video on youtube, displaying an emergency response drill to a domestic terrorism situation, an emergency management
Tju [1.3M]
 <span>By posting a video on youtube, displaying an emergency response drill to a domestic terrorism situation, an emergency management agency succeeds in not only preparing first responders, but also in: </span>Promoting the need for inter-agency coordination
In most emergency training regarding terrorism, it is very common to display how to utilize the service of several organizations in order to leverage their services in Security, health, and monitoring.
4 0
3 years ago
assuming the hiking shoes division of the all about shoes corporation had the following results last year managements target rat
Nutka1998 [239]

Answer:

116.67%

Explanation:

Note: <em>Complete question is attached as picture below</em>

<em />

Capital Turnover = Sales / Total Assets

Capital Turnover = $7,000,000 / $1,500,000

Capital Turnover = 4.67

Sales Margin = Operating Income / Sales

Sales Margin = $1,750,000/$7,000,000

Sales Margin = 0.25

Sales Margin = 25%

Division Rate of Investment = Capital Turnover * Sales Margin

Division Rate of Investment = 4.67 * 25%

Division Rate of Investment = 116.67%

8 0
3 years ago
You are 40 years old. Your investment portfolio currently consists of: (1) a savings account, with a $16,000 balance, (2) certif
murzikaleks [220]

Answer:

Option C is correct one.

<u>The investment strategy is conservative. </u>

Explanation:

This is so because most of the money is either in cash or certificates of deposits. Portfolio also consists 40% of bonds with 6% interest rate and 40% equities are also only of the employer's stock. The rate of appreciation and dividend is also very low on this stock. Hence due to all these factors we can say the strategy is conservative.

8 0
3 years ago
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