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3 years ago

(1 point)

Business

1 answer:

9966 [12]3 years ago

4 0

Answer:

The correct answer is Cash to Close number

Explanation:

Closing disclosure is the disclosure which provided by the lender to the person 3 days before closing. It states the final costs as well as the terms of the mortgage.

And the amount of money which is required to close so that loan can be processed is referred to as the Cash to close number. In other words, it is the amount needed to bring the table for closing the deal involving the closing cost and down payment.

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During year 1, albrecht sold his personal sport plane that had an adjusted basis to him of $112,000 to roy for $140,000. roy pai

Airida [17]

Answer:

$8000

Explanation:

Given that:

Adjusted basis of sport plane = $112,000

Sales price = $140,000

Down payment = $40,000

Balance paid in $20,000 installment for the nest 5 years

Gross income:

Gross income = sales price - adjusted basis

Gross income = $140,000 - $112,000

Gross income = $28,000

Based on the installment payment of $20,000:

140,000/20,000 = 7

Gross income = $28000/ 7 = $4000

With down payment being 40,000

In year 1, down payment of $40,000 was made, which is 2 times the yearly installment amount.

Hence gross profit in year 1 = $4000 × 2 = $8000

5 0

3 years ago

Both Bond Sam and Bond Dave have 10 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has three y

Softa [21]

Answer:

The percentage change in the price of Bond Sam is -4.917%

and

The percentage change in the price of Bond Dave is -14.621%

Explanation:

As both bonds are priced at par, hence the existing interest rate is equal to the coupon rate of 10%

Now increase the interest rate by 2%

Interest rate = 10% + 2% = 12%

Now use 12% to calculate the prices of both bonds by using the following formula

P = [ C x ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

Bond Sam

F = Face value = $1,000

C = Periodic coupon payment = $1,000 x 10% x 6/12 = $50

r = Periodic interest rate = 12% x 6/12 = 6%

n = Numbers of periods = 3 years x 12/6 = 6 periods

Placing values in the formula

P = [ $50 x ( 1 - ( 1 + 6% )^-6 ) / 6% ] + [ $1,000 / ( 1 + 6% )^6 ]

P = $245.87 + $704.96

P = $950.83

Bond Dave

F = Face value = $1,000

C = Periodic coupon payment = $1,000 x 10% x 6/12 = $50

r = Periodic interest rate = 12% x 6/12 = 6%

n = Numbers of periods = 18 years x 12/6 = 36 periods

Placing values in the formula

P = [ $50 x ( 1 - ( 1 + 6% )^-36 ) / 6% ] + [ $1,000 / ( 1 + 6% )^36 ]

P = $731.05 + $122.74

P = $853.79

Now calculate the percentage change

Bond Sam

Percentage Change = [ ( $950.83 - $1,000 ) / $1,000 ] x 100 = -4.917%

Bond Dave

Percentage Change = [ ( $853.79 - $1,000 ) / $1,000 ] x 100 = -14.621%

3 0

3 years ago

Forum question 1: Do you know of a situation in which a female staff person is referred to by her first name only (e.g., “See Jo

klemol [59]

umm screw tis it is odd amd very werid but this is stupid and very dumb and stupid why fo you even bote to be on brainlt this app is good but if ypu want t answer domething like this then talk y albert einstine oh wait hes dead lol ok so the answer is noting because it is hard andery not easy you van figurit out ursepf bye lol

5 0

4 years ago

Chance is a traveling marketing representative for a publishing company. He is an independent contractor and was hired without n

Yuki888 [10]

Answer:

hold Chance but not the company liable

Explanation:

In this scenario Chance is an independent contractor so his actions are not representative of the companie's.

When an independent contractor causes damages while working the company will not be held liable for his negligence.

So in this scenario where Chance negligently runs a stop sign and causes an accident and Judy is injured. Only Chance is liable

5 0

4 years ago

when the federal open market committee (fomc) directs that treasury securities be sold in the open market, this a) decreases the

RideAnS [48]

When the Federal Open Market Committee allows treasury securities to be sold in the open market, the result is a) decreases the money supply.

<h3 /><h3>What happens when treasury securities are sold?</h3>

When treasury securities are sold by the FOMC of the Federal Reserve, people will buy those securities which means that the Federal Reserve gets that money.

As a result, the money supply in the economy will decrease as the amount of money in the economy will be reduced by the amount that went to the Fed.

In conclusion, when treasury securities are sold on the open market, this decreases the money supply.

Find out more on open market operations at brainly.com/question/14256204

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3 0

1 year ago