Answer:
Reverse Mortgage Loan
Explanation:
Banks allow older people above the age of 62 to use their home's value to obtain a reverse mortgage loan. The bank values the home and extends credit facilities to its elderly owners. The loan amount is usually a part of the home's value and is paid as a lump sum or fixed monthly payments.
Maury wants to apply for a reverse mortgage loan. He will use the value of their home to obtain a credit facility to care for Bev. Maury does not need to repay the loan. The bank will recover its money by selling the house once the couple dies or relocates.
Answer:
Option A.
Explanation:
It is given that a $150 petty cash fund has cash of $54 and receipts of $83.
We need to find the journal entry to replenish the account.
Cash and receipts = Cash + receipts
= $54 + $83
= $137
Short for cash = Cash fund - Cash and receipts
= $150 - $137
= $13
The required journal entry to replenish the account would include a debit to Cash Over and Short for $13.
Therefore, the correct option is A.
Answer:
A and C only above
Explanation:
Under utilization by definition means that something / someone is not being utilized to their full potential. Hence only option A ( the organization should implement plans to correct the underutilization) and C (training or differential recruitment methods might be implemented to correct the underutilization) can solve this problem. Option B would only limit the number of women that are hired. It has nothing to do with the underutilization of the existing manpower.
Answer:
FV= $1,309,832.57
Explanation:
Giving the following information:
Annual investment (1 to 7)= $3,500
Interest rate= 9%
<u>First, we need to calculate the future value of the annual deposit using the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {3,500*[(1.09^7) - 1]} / 0.09
FV= $32,201.52
<u>Now, the value when they are 70:</u>
Number of periods= 70 - 27= 43
FV= PV*(1+i)^n
FV= 32,201.52*(1.09^43)
FV= $1,309,832.57
Answer:
The correct answer is c. channel integration.
Explanation:
Producers and intermediaries act together to obtain mutual benefits. Sometimes the channels are organized through agreements; There are others that are organized and controlled on the initiative of a single director that can be an agent, a manufacturer, a wholesaler or a retailer. This director can establish policies for it and coordinate the creation of the marketing mix.
The links of a channel can be combined horizontally and vertically under the administration of a channel leader. The combination can stabilize supplies, reduce costs and increase coordination of channel members.
Vertical integration of the channels: Two or more stages of the channel are combined under one direction. This results in the purchase of the operations of a channel link or the performance of the operations of this link to carry out the functions.
This integration includes the control of all functions from manufacturing to the final consumer.
Horizontal integration of the channels: It consists of combining institutions at the same level of operations under a single administration. An example will be department stores. This integration provides significant savings in advertising specialists, market research, purchases, etc. And it can be carried out by an organization by merging with other organizations or by increasing the number of units
