Answer:
C) the borrower must be given an estimate of the settlement costs within three business days of loan application.
Explanation:
The Real Estate Settlement Procedures Act (RESPA passed in 1974 but effective since June 20, 1975. It applies to the majority of purchase loans, where a lender finances the purchase of a residence (home).
One of its main purposes was to provide buyers and sellers with a complete cost disclosure, in an attempt to eliminate illegal or abusive practices carried out during the real estate settlement process (e.g. loan services demanding excessively large escrow accounts, kickbacks, mandating title insurance companies, etc.)
Answer:
Total factory overhead to be charged to each unit of Hooks is $33
Explanation:
Sum of all Activity Cost = Total Factory Overhead
Calculate the total factory overhead to be charged to each unit of Hooks
Activity rate = Budgeted amount / Total of each activity base
∴ Activity Rate
For Setups = 60,000 / 20,000 = 3 per setup
For Inspections = 120,000 / 24,000 = 5 per inspections
For Assembly = 420,000 / 28,000 = 15 per dlh
Activity Cost = Activity base for each unit * Activity rate
∴ Activity Cost
For Setups = 1 x 3 = $3
For Inspections = 3 x 5 = $15
For Assembly = 1 x 15 = $15
Recall that;
Sum of all Activity Cost is the Total Factory Overhead
= $3 + $15 + $15
= $33
Answer:
$363,000
Explanation:
The computation of net cash provided by operating activities is shown below:-
Net Income $300,000
Add: Depreciation $25,000
Add: Loss on sale of Building $12,000
Add: Decrease in Accounts Receivable $28,000
Add: Unearned revenue increased $21,000
Less: Increase in prepaid expenses ($9,000)
Less: Wages payable decreased ($14,000)
Total Cash Flow from Operating Activities $363,000
The statement that indicates the impact of the Globalization on the African farming community is use of modern methods of farming increased the crop production of the people.
<h3>What is Globalization?</h3>
Globalization is a term which refers to the interconnection and interaction of the economy with that of the world's economy. It involves the exchange of the knowledge, trade, technology and even people.
The complete image of the question is attached below.
The African farmers faced many challenges but still they are graced with a very appropriate soil type, which has been aided by modern irrigation practices, fertilizers.
Many of the international aggro-processing company that set up factory near the village in the hopes of obtaining easy and cheap labor. As a result of these factors, people's crop production has increased dramatically.
Learn more about farming here:
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Answer:
The correct answer is 31 customers per day.
Explanation:
Consider the current capacity requirement as = x
Management wants to have a capacity cushion = 8%.
So the utilization is required = 100% - 8% = 92%
A process of currently services an average of 43 customers per day and utilization is 90%.
Expected Demand=70%= 70 ÷ 100 = 0.70
Current utilization = 90% = 0.90
Let Capacity requirement = X
Capacity requirement ÷ required utilization = Expected Demand rate × current service rate ÷ current utilization rate
X ÷ 0.92 = 0.70 × 43 ÷ 0.90
X = 0.70 × 43 ÷ 0.90 × 0.92
= 30.76 or 31
Needed capacity requirement is 31 customer per day.