1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
malfutka [58]
3 years ago
8

A real estate loan where a homeowner receives monthly payments based on accumulated equity rather than a lump sum and is repaid

upon the death of the owner or sale of the property is a (an)
Business
1 answer:
ivanzaharov [21]3 years ago
6 0

Answer:

reverse annuity mortgage

Explanation:

The term that is being described is known as a reverse annuity mortgage. Like defined in the question, this is a loan that allows you to cash in some of your home's equity without actually needing to sell the entire real estate property and move out of your home. Instead the loan is secured against the value of your home and monthly payments are paid to the owner that asked for the loan.

You might be interested in
Assembly department of Zahra Technologies had 200 units as work in process at the beginning of the month. These units were 45% c
Tomtit [17]

Answer:

Total equivalent units of material  = 900

Explanation:

<em>Equivalent units are notional whole units which represent incomplete works are used to allocate cost to work in progress and completed units</em>

<em>Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required is done in the period under consideration. So there is no separation of the completed units into opening inventory and fully worked. </em>

Equivalent unit = Degree of completion × units

Item                           units                                    Equivalent units

Completed units        600         100% × 600  =     600

Closing inventory        300        100%× 300  =      <u>300</u>

Total equivalent units of material                          <u>900</u>

Note simply because materials are added at the beginning of the process, it is assumed that all the quantity required would have been added. Hence the degree of completion for materials is 100% .

8 0
3 years ago
Gerard, a Nevada real estate licensee, has been advertising his services online to California citizens. He sells resort property
lora16 [44]

Answer:

No, Gerald should not be advertising properties to California citizens since that is considered soliciting. In order for Gerald to legally be able to solicit California citizens, he should hold a California real estate license. A Nevada license is not valid in California (nor any other state).

7 0
3 years ago
Crane Company has 900 shares of 4%, $100 par cumulative preferred stock outstanding at December 31, 2018. No dividends have been
labwork [276]

Answer:

c) $7200

Explanation:

Preference dividends have preference when it comes to payment of dividends.

This means that we pay the Preference Stock holders their dividend (which is fixed) and there after the remainder is paid up to the Common Stockholders

Preference dividend = 900 shares x $100 x 4 % =  $3600

When Preference Stock is Cumulative, it means that all previous dividends in arrears have to be paid up before any current year distributions are made.

<u>2018</u>

Cumulative Preference dividend = $3600 (2017) + $3600 (2018) = $7200

therefore,

Dividends in arrears at December 31, 2018 total $7200

8 0
3 years ago
Assuming a 12% annual interest rate, determine the present value of a five-period annual annuity of $5,000 under each of the fol
Paraphin [41]

Solution :

Annual payment = $\$ 5000$

1. The rate of interest annually = 12%

Present value $=\$5000 \times \text{PVA of} \ \$1(12\%, 5)$

                      $=\$5000 \times 3.60478$

                     = $ 18,023.90

2. The rate of interest annually = 12%

Present value $=\$5000 \times \text{PVAD of} \ \$1(12\%, 5)$

                      $=\$5000 \times 4.03735$

                     = $ 20,186.75

3. The rate of interest annually = 12%

The rate of interest quarterly = 3%

Present value = $\$5000 \times \text{PV of} \ \$1(3\%, 4) + \$5000 \times \text{PV of} \ \$1(3\%, 8) +\$5000 \times \text{PV of} \ \$1(3\%, 12) $ $+\$5000 \times \text{PV of} \ \$1(3\%, 16) + \$5000 \times \text{PV of} \ \$1(3\%, 16)$

$= \$5000 \times 0.88849 + \$5000 \times 0.78941 + \$5000 \times 0.70138 + \$5000 \times 0.62317 + \$5000 \times 0.55368$$=\$ 17,780.65$

4 0
3 years ago
Most managers get very little uninterrupted time to work on their priority tasks.
Pavlova-9 [17]
True.

This is because managers are responsible for the overall performance of a branch and its personnel. Managers have people under their supervision and any problem that may arise in the course of a business day, they have to deal and solve in as little amount of time as possible.


8 0
4 years ago
Read 2 more answers
Other questions:
  • Suppose that over the last twenty-five years a country's nominal GDP grew to three times its former size. In the meantime, popul
    14·1 answer
  • The management of Kabanuck Corporation is considering dropping product V41B. Data from the company's accounting system appear be
    10·1 answer
  • Start by clearly defining your topic with a thesis statement.
    15·2 answers
  • Cullumber Company reports the following information (in millions) during a recent year: net sales, $12,105.0; net earnings, $355
    9·1 answer
  • An increase in long-run average costs resulting from decreases in output is attributed to the law of diminishing marginal produc
    12·1 answer
  • Existence value is closely related to Question 9 options: a) Valuation use b) Consumptive use c) Estimated use d) Non-consumptiv
    10·1 answer
  • Sanitizing a surface is defined as the process of
    14·1 answer
  • Jasmine is looking at career options for her future. She would like to be able to rent a house and live in a city near her famil
    7·1 answer
  • Bagrov Corporation had a net decrease in cash of $10,500 for the current year. Net cash used in investing activities was $52,500
    13·1 answer
  • Sylvia is a budget analyst for the state of Kentucky. her job is to look over the state government's spending and suggest and su
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!