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kogti [31]
4 years ago
12

To encourage borrowers to accept adjustable rate mortgages (ARMs) rather than level-payment mortgages, mortgage originators gene

rally offer an initial short-term introductory rate that is less than the prevailing market mortgage rate. This rate is referred to as a(n) ___________.A. margin rate
B. teaser rate
C. index rate
D. discount rate
Business
1 answer:
antiseptic1488 [7]4 years ago
3 0

Answer:

B. Teaser rate

Explanation:

Teaser rate also called introductory rate is an interest rate that is usually below market that last for a short period of time. It is the beginning rate placed on credit products. It is a form of discounted interest rate that is offered for a short period of time. The rate can be as low as 0% for that short period of time and goes back to the normal rate after the short period of time expires.

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Jose and Zola want to purchase their first home. Jose makes $23.50 an hour and works 40 hours per week. Zola makes $21.50 an hou
vovangra [49]

Answer:

$1,411.25

Explanation:

The computation of the combined gross monthly income is shown below:

The earnings of Jose = $23.50 × 40 hours = $940

And, the earnings of Zola is

= $21.50 × 40 hours + 5 hours × $21.50

= $860 + $161.25

The total earnings is

= $940 + $860 + $161.25

= $1,961.25

And, the expenses are

= $500 + $50

= $550

So the combined gross monthly income is

= $1,961.25 - $550

= $1,411.25

7 0
3 years ago
Use the below information to answer the following question.
lianna [129]

Answer:

$2,253.35

Explanation:

external financing needed = EFN = [(total assets/total sales) x ($ Δ sales)] - [(total current liabilities/total sales) x ($ Δ sales)] - [profit margin x forecasted sales in $ x (1 - dividend payout ratio)]

total assets = $48,900

total sales = $42,700

$ Δ sales = $5,978

current liabilities = $3,650

profit margin = net income / sales = 0.129

forecasted sales = $48,678

dividends payout ratio = dividends / net income = 0.35

EFN = [($48,900/$42,700) x ($5,978)] - [($3,650/$42,700) x ($5,978)] - [0.129 x $48,678 x (1 - 0.35)]

EFN = $6,846 - $511 - $4,081.65 = $2,253.35

7 0
4 years ago
someone asked me if there were 2 cities which one would I choose. I asked"what are they" they responded one black city with only
Phoenix [80]

Answer:

Smart

Explanation:

7 0
3 years ago
A dometic firm may decide to contract for the production of its goods by established foreign manufacturer. Such pricate-label ma
Monica [59]

Answer:

Contract manufacturing.

Explanation:

A domestic firm may decide to contract for the production of its goods by established foreign manufacturer. Such private-label manufacturing by a foreign company is called contract manufacturing.

Contract manufacturing involves the process of outsourcing a company's manufacturing business, such that a foreign company engages in the production of a private-label product which are then primarily marketed or distributed by a domestic company under its own brand name.

This ultimately implies that, it is a manufacturing process which involves the production of goods by a company under the brand name of another company.

8 0
3 years ago
A _____ is a person who will attest to your ability to perform a particular job.
Gnoma [55]
<span>A reference is a person who will attest to your ability to perform a particular job. A person has to face several examinations before he receives a job through an employer. Employers need to check the individual's background of previous performance, experience, and skills. A reference could provide the information needed for that examination.</span>
7 0
3 years ago
Read 2 more answers
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