How to calculate Open-to-buy:
Open-to-buy = planned purchases - (orders received + merchandise ordered)
Planned purchases = $2,500
Received orders = $1,200
Ordered merchandise = $700
Open-to-buy = $2,500 - ($1,200 + $700)
Open-to-buy = $2,500 - $1,900
Open-to-buy = $600
The type of loan that this is known to represent is what is referred to as the wraparound mortgage loan.
<h3>What is the wraparound mortgage loan?</h3>
This is the type of mortgage that has to do with the fact that the borrower is financing another loan when they have not been able to finance the original mortgage itself.
This type of loan is beneficial to a person given that they would be able to get a system of loan that may not have been possible before.
Hence we have to conclude that Jays financing a property when he has an existing mortgage is what is called the wraparound mortgage loan.
Read more on the wraparound mortgage loan here:
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Answer:
Correct option is (a), Different copyright rules for pre and post 1978 works
Explanation:
Copyright is a right given exclusively a person who has created a new work and reproduce it for a stipulated time. It is granted for a stipulated time period.
For all creations after 1978, copyright is granted for the years that the creator live and seventy years after his life.
For creations before 1978, that were not published, same rules are applicable as of post 1978 period. However, for works published before 1978, copyright was granted for total 95 years that is divided between 28 years from the date of registration of work and renewed for 67 years on expiry.
So copyright rules differ for works published pre and post 1978.
Answer: Proceeds transaction
Explanation:
In a proceeds transaction, the broker is involved in two related transactions which are the selling of one stock and the buying of another.
Proceed transactions involve a customer asking their broker to sell their stock and then use the proceeds gained from that sale to buy another stock which is what the customer did when he directed his broker to sell ABCD stock and use the proceeds to buy XPDQ stock.
Answer:
a. True
b. True
c. True
d. False
e. True
f. False
g. False
Explanation:
There are two countries which are about to enter into the free trade. Under the free trade circumstances the Home country will produce timber but it does not completely specializes in producing the timber. The labor is mobile factor which can move in the free trade therefore they will move towards their employability in the TV industry.
