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mr_godi [17]
3 years ago
15

Lawrence is a buyer closing on a home purchase for which he's obtaining financing. He receives a Loan Estimate from his lender.

What's the purpose of this document?
Business
1 answer:
FromTheMoon [43]3 years ago
6 0

Answer: The purpose of this document is to detail estimated closing costs for Lawrence's loan

Explanation:

From the question, we are informed that Lawrence is a buyer closing on a home purchase for which he's obtaining financing and that he receives a loan estimate from his lender.

The function of a loan estimate is to detail estimated closing costs for the loan that Lawrence's took. With the low estimate, Lawrence will have an idea of what he'll pay

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Sassy Company sells its widgets for $20 each. Its variable cost is $12 per widget. Fixed costs are $150,000 per month for volume
disa [49]

Answer:

$440,000

Explanation:

Sassy Company budgeted operating income

Operating income will be :

(20-12) $80,000 - $200,000

=8×$80,000-$200,000

=$640,000-$200,000

=$440,000

Therefore the budgeted operating income at a level of 80,000 widgets per month will be $440,000

7 0
3 years ago
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Janice is unsure about her future career path. She has grown up on her family farm, but she is also interested in medicine. Jani
ArbitrLikvidat [17]

Instead of joining groups to learn more about the two fields, Janice should job shadow in the medical career and also her family members on the job. By job shadowing, she would get a better feel for what the work environment and everyday life would be like in that career instead of just what some groups teach about the different fields. Medical and farming are two large career fields with any different smaller job opportunities within.

8 0
3 years ago
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The journal entry to close the Fees Earned, $131, and Rent Revenue, $24, accounts during the year-end closing process would invo
Andrews [41]

Answer:

Option B is correct, revenue has the debit side. But, if the rent is an expense and not a revenue, the rent expence will be on the credit side and the fees earned will be on the debit side,so, for this case, option A will be the correct answer

Explanation:

To close the Journal entry here, with fees earned=$131 and rent revenue=$124, accounts during the year end will be closed with the fees earned account(revenue account) and the expenses are closed by transferring the amount of fees accrued or earned account and expense account to the retained earnings in order to bring the revenue accounts and the expenses accounts balance to zero.

5 0
3 years ago
After the death of her husband, Gina Baker, 35, received a check for $350,000 from a life insurance company. Gina has two small
rosijanka [135]

Answer:

b. safety

Explanation:

"it wants to make sure are taken care of in the future"

This means it prefers a safety investment.

The beta of the investment should be lower to reduce the deviation from the expected market return

The liquidity is not as important right now as the children are young. Once they start highschool or collegue Gina will need to make higer withdrawals. Plus, she want's to look into the future, this also is a clear inshight that Gina do not require liquidity right now

The market risk a global variance Gina cannot reduce the risk inherent to the market.

The business failure would be associate with safety which is a most suitable term.

7 0
3 years ago
I need help please and thanks 1-5​
Savatey [412]

Answer:

AHHHHHHHHHH Thats alot of hard questions

Explanation:

6 0
3 years ago
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