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3 years ago

The right of rescission, which applies to loans that place a lien on the borrower residence, is effective until midnight on the

1 answer:

4 0

It is effective until midnight on the THIRD DAY FOLLOWING THE COMPLETION OF THE TRANSACTION.
The right of rescission is a claimable right under the American federal law that empowers a borrower to cancel a home equity loan with a new lender or to cancel a refinance transaction done with another lender under another mortgage within three days of closing.

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Decreasing marginal returns occur in the short run as more labor is hired to work in a fixed sized plant because

oksian1 [2.3K]

Answer:

A) adding more workers exhausts the possible gains from specialization.

Explanation:

When a worker specializes in a certain task, they will become more productive and efficient in performing the task. Worker specialization takes a long time, so it only applies in the long run.

In the short run when a company wants to increase its output, it cannot rely on worker specialization since they don't have the time to wait, they must hire more workers.

8 0

3 years ago

Two items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income stat

Lisa [10]

Answer:

Finished goods inventory is $116,600, $38,880 , $920,000

Cost of Goods Manufactured is $825,900 , $501,120 , $180,000

Cost of finished goods available is $942,500 , $540,000 , 1,100,000

finished Goods inventory is $130,000 , $70,000 , $155,000

Cost of Goods Sold is $812,000, $470,000 , $945,000

Explanation:

The answer to the question is given below :

Finished goods inventory is $116,600 , $38,880 , $920,000

Cost of Goods Manufactured is $825,900 , $501,120 , $180,000

Cost of finished goods available is $942,500 , $540,000 , 1,100,000

finished Goods inventory is $130,000 , $70,000 , $155,000

Cost of Goods Sold is $812,000 , $470,000 , $945,000

3 0

4 years ago

Tom, Kirk, and Steve are triplets. They all decide to borrow $1,000 today to go on vacation. They will repay their loans, plus a

ra1l [238]

1 dollar or 1 million dollars

7 0

3 years ago

On September 1 of the current year, Mr. Z, a cash-basis, calendar-year, self-employed mechanic, borrowed $10,000 at 10% for 5 ye

wlad13 [49]

Answer:

$200

Explanation:

Calculation for How much of the $3,000 fee may Z deduct on his Schedule C for the current year.

Amortized over life of loan = ($3,000/60 months) x 4 months

Amortized over life of loan=$50×4 months

Amortized over life of loan=$200

Note that September 1 to 31 December will give us 4 months

Therefore what Z deduct on his Schedule C for the current year is $200

4 0

3 years ago

The statement of retained earnings or the statement of stockholders' equity reconciles the net income, dividends paid, and the c

sdas [7]

Answer:

Option B is the correct answer.

Dividends Paid = $55 million. Thus, option C is the correct answer.

Explanation:

The statement about shareholders' equity given in option A that it is the difference between the paid-in capital and retained earnings is incorrect as the retained earnings are a part of the equity of shareholders and are included in the calculation of shareholders' equity. Thus, option B is the correct answer.

The Net Income earned by a company is usually treated in two ways. It is either paid out as dividends to the shareholders or is retained in the business and transferred to the retained earnings account or both. Thus, we can calculate the amount of dividends paid by the following equation.

Closing balance of retained earnings = Opening balance of retained earnings + Net Income for the period - Dividends Paid

700 = 595 + 160 - Dividends Paid

700 + Dividends Paid = 755

Dividends Paid = 755 - 700

Dividends Paid = $55 million

4 0

3 years ago