A type of long term permanent financing for residential construction or large construction projects, that replaces the construction loan is called a takeout loan.
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What is a takeout loan?</h3>
A takeout loan is a method of financing whereby a loan that is procured later is used to replace the initial loan.
More specifically, a takeout loan, or takeout financing, is long-term financing that the lender promises to provide at a particular date or when particular criteria for completion of a project are met.
A take-out loan provides a long-term mortgage or loan on a property that "takes out" an existing loan.
The take-out loan will replace interim financing, such as replacing a construction loan with a fixed-term mortgage.
If the take-out loan is used to finance a rental or income-generating property, the take-out lender may be entitled to a portion of the rents earned.
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Answer:
Corporate earnings are subject to double taxation.
Explanation:
A corporation can be defined as a business that is owned by its shareholders. These various shareholders have the responsibility of putting in place board of directors to supervise the daily activities of the organization.
The ownership of a corporation by shareholders is fully represented by their shares of stock.
Corporate form of business organization assures the owners of their personal asset protection. Various organisations operating in a corporate form find it easier to borrow money, this provides a wide opportunity for the growth of the company.
Answer: $36,000
Explanation:
First calculate the Equivalent Units of Production;
= 21,000 + (3,000 * 40%)
= 21,000 + 1,200
= 22,200 units
Then find the cost of each units.
= Total production cost/ Equivalent units of production
= 666,000/22,200
= $30 per unit
Then the cost of ending Goods in Process Inventory is:
= Equivalent ending process inventory units * cost per unit
= 1,200 * 30
= $36,000
Answer:
The supervisors represent the company on a day-to-day basis.
Explanation:
Craig said that the supervisors take employee relations as part of their jobs.
The option that buttresses this is that supervisors represent the company on a day-to-day basis. Meaning the supervisors as owners of the company, and as if they have a stake. Supervisors taking ownership presupposes they perform tasks like handling employee relations to ensure the business and the employee work harmoniously.
CPAs provide a guarantee at the statistics for a third birthday celebration in all the following situations except management preparing the department price range for next year.
A licensed public accountant (CPA), however, is a person who has earned an expert designation thru a combination of schooling, experience and licensing.
CPAs are legal to carry out a wide range of accounting services, consisting of accounting, guidance engagement, control advisory, financial advisory, tax, and consulting services; but, no longer all CPAs are legal to signal reports on attest engagements.
It is taken into consideration as one of the maximum difficult checks for obtaining standardized professional credentials. when the countrywide pass price is about 1 in 2, those who will finally need to take the CPA examination ought to use every resource feasible to offer them an area in opposition to an almost 50% fail rate.
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