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Sophie [7]
3 years ago
12

Morey purchased a house for $150,000, paying $15,000 in cash and giving a mortgage to BigBank for the balance. When Morey defaul

ted on the loan, BigBank foreclosed and sold the house for $25,000 less than Morey owed. Morey believed he no longer owed BigBank any money. Discuss the case.
Business
1 answer:
KengaRu [80]3 years ago
6 0

Morey is liable to pay the balance mortgage money to BigBank.,

Explanation:

Mortgage value = $150,000 - $15,000 ( advance paid by Morey)

                           = $135,000

Defaulted on the loan, BigBank foreclosed and sold the house for $25,000 less than Morey owed. so the amount received by the bank

150,000-125,000=125,000 (sales value of the house)

Balance on loan outstanding = $135,000 - $125,000 = $10,000

                                              = 135,000-125,000=10,000

So, Morey is liable to pay $10,000 for the balance mortgage money to BigBank.

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Charlie Chairs Inc., manufactures plastic moldings for car seats. Its costing system utilizes two cost categories, direct materi
UNO [17]

Answer:

Units transferred out = 760

Explanation:

If we assume that all units are completed in the order of arrival i.e (FIFO), then the units transferred out is the sum of the opening inventory and the units started and completed in the period. The units started and completed in the period is referred to fully-worked.

Fully worked is computed as the units started in the period less the closing inventory .

Fully- worked = 800 - 240 = 560

The units transferred out = opening inventory + Fully-worked

                                          = 200 + 560 = 760

Units transferred out = 760

Note we assumed that the units of the inventory( started last period i.e January) would be worked on first in the month of February  before any other units. So, it is assumed completed by the end of February

6 0
2 years ago
​Generally, the​ consumer's purchase decision will be to buy the most preferred​ brand, but two factors can come between the pur
GarryVolchara [31]

Answer:

The answer is: C) Attitude of others

Explanation:

The attitude of others refers to how much can another person´s attitude reduce what someone else prefers to buy. The extent of how much can a third party influence our purchasing decisions is based on:

  1. How intense is the third party´s negative attitude toward buying that specific product.
  2. How motivated we are to comply with the other person´s attitude.
3 0
3 years ago
In the short run, an increase in the aggregate price level caused by a shift in the aggregate demand curve first causes:
ra1l [238]

Answer: b. movement along SRAS

Explanation:

When the price level changes due to an increase in the demand that forces the Aggregate demand curve to shift rightward, the immediate effect would be that the Aggregate demand curve would intersect the Short Run Aggregate supply at a new point.

This new point will see a movement <em>along </em>the SRAS from its previous equilibrium point to the new equilibrium intersection point with the AD curve. In other words, the new point will be on the same SRAS curve just moving from one point to another.

6 0
2 years ago
A researcher was interested in the relationship between the number of texts sent in a day and the number of e-mails sent in a da
mixas84 [53]

Answer:

A. 14

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the researcher claims that the width of the interval would have been smaller if the sample had been different, and in this case different refers to larger. The original sample included only 15 people, so in order to increase the data sample, you must include more than 15 people. That is why 14 doesn't make sense.

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3 years ago
Which of the following statements is CORRECT? Question 9 options: The AFN equation for forecasting funds requirements requires o
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AFN has negative and positive sides. The correct statement is A negative AFN indicates that retained earnings and spontaneous liabilities are far more than sufficient to finance the additional assets needed.

  • AFN is known as Projected increase in assets – spontaneous increase in liabilities – any increase in retained earnings.

When the AFN value is negative, it means the action or project that is underwork will bring about extra income for the company, which can be invested in another place.

Additional funds needed (AFN) is known as financial term used when a business intends to widen its operations.

Learn more About AFN from

brainly.com/question/13203205

3 0
2 years ago
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