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3 years ago

Fees paid at the time of a home loan transaction between the buyer, seller and lender are called _____.

Business

2 answers:

ohaa [14]3 years ago

8 0

Fees paid are called closing costs..

gayaneshka [121]3 years ago

3 0

The correct answer is B. Closing costs

Explanation:

When a specific transaction or business is completed or closed, there are related costs for both the buyer and the seller or those involved in the transaction, these types of costs are known as closing costs as they mean the transaction was closed. Moreover, in the case of a home loan transaction, some of the closing costs include documentation costs, certain warranties and part of the costs for the home. According to this, the fees paid at the time of the transaction are the closing costs.

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module 3 BlockWood Inc. has been providing raw materials to Couches Corp., a furniture company. The management at Couches recent

maria [59]

The correct answer to this open question is the following.

You forgot to include the options for this question. However, we can answer the following.

This scenario best illustrates forward integration.

This is a case of forward integration because BlockWood Inc., which was facing similar difficulties with other buyers too, eventually stopped supplying raw materials and took to manufacturing furniture instead. SO they decided to fabricate their own furniture.

Companies make this decision as a process of vertical integration to expand and grow their business. In this case to produce and control their own products, eliminating the retailer that had decided to pay less money for the raw materials.

So now, Blockwood Inc. has the challenge to design and sell the products it is fabricating.

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3 years ago

Manta Ray Company manufactures diving masks with a variable cost of $31. The masks sell for $40. Budgeted fixed manufacturing ov

riadik2000 [5.3K]

Answer:

When there is no change in the beginning and ending units of inventory i.e the units sold are equal to the units produced,the income under variable and absorption costing remains the same which is the condition in the given question.

Explanation:

If we have 80,000 units produced and sold then the income under both methods will be the same.

Manta Ray Company

Income Statement Variable Costing

Sales $40*80,000= $ 3200,000

Variable Costs $ 31*80,000= $ 2480,000

Contribution Margin $ 720,000

Less Fixed Costs $ $712,800

Gross Profit $ 7200

Manta Ray Company

Income Statement Absorption Costing

Sales $40*80,000= $ 3200,000

Variable Costs $ 31*80,000= $ 2480,000

Fixed Costs $ $712,800

Gross Profit $ 7200

If there is an increase in the inventory units ( ie. production is less than the Sales) the fixed manufacturing overhead cost is released from inventory and deducted from variable income.

Similarly when the inventory units decrease ( ie. production is more than the Sales) the fixed manufacturing overhead cost is deferred from inventory and added to variable income.

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3 years ago

Suppose that a bank has loaned money to two businesses: a trustworthy computer manufacturer and a risky mining venture. Unfortun

Vladimir [108]

Answer:

The situation is called insolvency. bank is unable to pay to depositor.

Explanation:

The situation is called insolvency. insolvency is refer to the situation when debtor is unable return its debt. The same is happened in the given situation. In the above case due to not paid by manufacturing unit, bank is unable to pay to depositor.

Insolvency is refer to that critical condition when debtor unable to pay amount to depositor. In the above given case even if bank want to sell its all assets it cannot cover its liabilities.

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3 years ago

What happens if my mission statement changes in the future?

Alenkasestr [34]

<h3>It doesn't matter, things changes and people changes but atleast if it changes it should change for the BETTER.</h3>

Good luck ✅.

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2 years ago

In this problem we will consider the effect of the interest rate on loan payments. Zoe has saved enough for the down payment on

Arturiano [62]

Answer:

$583.92

Explanation:

See attached file

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3 years ago