The document the borrower must receive at least three days before the signing appointment is: Closing Disclosure.
Closing disclosure is a loan document that contains all the information about the what loan entails.
This closing disclosure tend to contain the following:
- The loan terms
- Transaction details
- Closing information
- Projected payments
- Closing costs
- Summary of loan transaction etc
Closing disclosure document must be received by the borrower at least three days before the borrower sign the appointment so as to give the borrower time to go through the document or to review the documents and have good understanding of the loan terms and condition before signed the appointment.
Inconclusion the document the borrower must receive at least three days before the signing appointment is: Closing Disclosure.
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Answer:
B. Complementors
Explanation:
According to Porter, there are 5 forces that affect firms from the competitive environment. They include:
1. Threat from new entrants/competition
2. Threat from existing competition
3. Power of suppliers
4. Power of buyers/customer
5. Threat of substitute product.
In this case, as it can be clearly seen, complementors isn't part of the threat listed out by porter five forces framework.
Answer:
5500
Explanation:
Breakeven quantity are the number of units produced and sold at which net income is zero.
Breakeven is the ratio of fixed cost to profit per unit of output sold.
Breakeven quantity = fixed cost / price – variable cost per unit
= fixed price / contribution margin per unit
Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments
Variable costs are costs that vary with production
If a producer decides not to produce any output, there would be no need to hire labour and thus no need to pay hourly wages.
$330,000 / $60 = 5500
Answer: $55.20
Explanation:
The Weighted Average Cost method of valuing inventory averages the cost of the entire inventory in stock and then uses the resultant cost to value all of the inventory.
As it is an average, it works by adding up all the costs and dividing by the number of units.
1 unit of each good costing the prices listed were purchased so,
= $10 + $12 + $14 + $16 + $17
= $69
5 units were purchased so the average is,
= 69/5
= $13.80 is the cost per inventory unit.
One unit was sold on April 25
4 units therefore remain.
Cost of ending inventory is,
= 13.80 * 4
= $55.20
I have attached the complete question below.
Answer: $69 U
Explanation:
Firstly, based on the information given, we need to calculate the standard usage which will be:
= Actual output × Standard Qty/hours per unit
= 2100 x 4.8
= 10,080
Therefore, the raw material quantity variance will be:
Raw material usage in production = 10,090 ounces
Standard usage = 10,080
Standard Price = $6.90
Then, the raw material quantity variance will be:
= (Actual usage in units - Standard usage in units) x Standard cost per unit
= (10,090 - 10,080) x 6.9
= 69621 - 69552
= 69U
