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ahrayia [7]
3 years ago
14

What is the maximum loan amount a bank will provide a borrower under the following circumstances: LTV: 70% Appraised Value: $320

,000 Contract Price: $330,000
Business
1 answer:
valkas [14]3 years ago
5 0

Answer:

$231,000

Explanation:

The maximum loan amount that the borrower would get from a bank is the 70% of the contract price which is computed thus:

The understanding here is that the bank would provide 70% counterparty funds which is equivalent to 70% of $330,000 i.e $231,000(70%*$330,000).

In other words,the borrower should be willing to provide 30% of $330,000 while the bank complements the borrower's efforts withe balance of 70%

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All else being equal, decreasing sample size will
Tom [10]

Answer:

multiply by 3

Explanation:

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7 0
2 years ago
Fiduciary activities are reported only in the fiduciary fund financial statements; they have no effect on the governmental or bu
LuckyWell [14K]

Answer:

The correct answer is True.

Explanation:

Fiduciary assignments that have as their object the realization of investments, the administration of goods or the execution of activities related to the granting of guarantees by third parties to ensure the fulfillment of obligations, the administration or surveillance of the goods on which the guarantees fall and the carrying them out, subject to the restrictions established by law; act as transfer agent and register of securities; act as a representative of bondholders; act as trustee, curator of property or as depositary of sums recorded in any court, by order of judicial authority or by determination of persons who have legal power to designate them for such purpose.

Fiduciary companies may carry out investment trust operations through commercial fiduciary contracts, concluded in accordance with legal formalities, or through fiduciary orders.

Fiduciary activities are not reported in the government-wide financial statements

They may form ordinary common investment funds integrated with monies received from various constituents or adherents for this purpose.

4 0
3 years ago
Which would be a likely cause of an increase in the demand for pizza? a reduced desire for take-out and fast-food dining a decre
TiliK225 [7]

I think the correct answer to this would be:

“A health report showing eating pizza reduces stress”

<span>If health news about pizza reducing stress would come out, people’s willingness to buy pizza would definitely increase. This is because of the additional positive reinforcer, reducing stress, associated with the great taste of pizza that people would definitely buy this.</span>

4 0
3 years ago
Suppose two firms are in a game​ situation, and they each must decide on a strategy regarding whether to select a high price or
swat32

Answer: Both to select low prices.

Explanation:

One of the vital goal of doing business is profit irrespective of the firm. Every business has to deal with funds and when funds is involved profit has to be made even while serving the client in satisfying conditions. The profit enables the firm to be ran smoothly; it's operations and have a reason to be said that their in business. Every firm ooks out for opportunities to make rofit while giving their best. According to the paragraph profits are high when the price of the commodity is reduced, each firm will reduce it's pricing to ensure they make profit.

4 0
3 years ago
Employees earn vacation pay at the rate of one day per month. During the month of July, 28 employees qualify for one vacation da
Stells [14]

Answer:

$2884

Explanation:

Given that:

  • 28 employees qualify for one vacation day each
  • Average daily wage is $103 per day

So he amount of vacation benefit expense to be recorded for the month of July:

= number of employees * average daily wage

= 28*$103  

= $2884

7 0
2 years ago
Read 2 more answers
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