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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.

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Marisol recently put her house on the market at an asking price of $260,000. She realizes, however, that in order to sell the ho
lukranit [14]

Maria recently put her house on the market at an asking price of $260,000. She realizes, however, that in order to sell the house, she may have to use price skimming

<h3>What is price skimming?</h3>

Price skimming is a pricing strategy that a company can use when launching a new product or service.

Price skimming is commonly used for new technologies. DVD players are an excellent example of this. When DVD players first became available in the late 1990s, they could cost up to $1,000. If you do a quick search on Amazon, you'll find that a new DVD player costs only $33.

The pricing strategy will be influenced by the stage of the product's life cycle. The process of charging a relatively high price for a product is referred to as price skimming. When a product is new to the market, skimming is commonly used (in its introduction or growth phase)

To know more about price skimming follow the link:

brainly.com/question/24263055

#SPJ4

3 0
1 year ago
Suppose that a monopoly computer chip maker increases production from 10 microchips to 11 microchips. If the market price declin
Sergeu [11.5K]

Answer:

$19

Explanation:

Marginal revenue is the change in revenue when production increases by one unit

Marginal revenue = change in total revenue / change in quantity produced

total revenue 1 = $30 x 10 = $300

Total revenue 2 = $29 x 11 = $319

change in total revenue = $319 - $3000 = $19

Change in quantity produced = 11 - 10 = 1

Marginal revenue = $19 / 1 = 19

5 0
3 years ago
Jojo drives a truck for a living but is attending Ashford to earn a degree in business administration because what he really wan
bixtya [17]

Answer:

The correct answer is letter "A": Wait until he enters an area with an available wired network.

Explanation:

It is common that while driving on the road there might be some areas where internet connection can be lost because the antennas of the service provider our mobile lines work with are not nearby. Then, just like in Jojo's case, we should wait to enter into an area where there is enough signal so we can use our mobile internet as usual.

5 0
3 years ago
The Starr Theater, owned by Meg Vargo, will begin operations in March. The Starr will be unique in that it will show only triple
skelet666 [1.2K]

Answer:

Mar. 2 Rented the three Indiana Jones movies to be shown for the first 3 weeks of March. The film rental was $3,000; $1,600 was paid in cash and $1,400 will be paid on March 10.

Dr Movie rental expense 3,000

    Cr Cash 1,600

    Cr Accounts payable 1,400

3 Ordered the Lord of the Rings movies to be shown the last 10 days of March. It will cost $160 per night.

No journal entry required

9 Received $4,400 cash from admissions.

Dr Cash 4,400

    Cr Service revenue 4,400

10 Paid balance due on Indiana Jones movies rental and $2,200 on March 1 accounts payable.

Dr Accounts payable 3,600

    Cr cash 3,600

11 Starr Theater contracted with Adam Ladd to operate the concession stand. Ladd is to pay 15% of gross concession receipts, payable monthly, for the rental of the concession stand.

No journal entry required

12 Paid advertising expenses $800.

Dr Advertising expense 800

    Cr Cash 800

20 Received $5,500 cash from customers for admissions.

Dr Cash 5,500

    Cr Service revenue 5,500

20 Received the Lord of the Rings movies and paid the rental fee of $1,600.

Dr Movie rental expense 1,600

    Cr Cash 1,600

31 Paid salaries of $2,900.

Dr Wages expense 2,900

    Cr Cash 2,900

31 Received statement from Adam Ladd showing gross receipts from concessions of $5,000 and the balance due to Starr Theater of $750 ($5,000 × 15%) for March. Ladd paid one-half the balance due and will remit the remainder on April 5.

Dr Cash 375

Dr Accounts receivable 375

    Cr Concessions revenue 750

31 Received $9,700 cash from customers for admissions.

Dr Cash 9,700

    Cr Service revenue 9,700

Since there is not enough room here, I prepared a general ledger in an excel spreadsheet and attached it.

Download pdf
8 0
3 years ago
Identify each of the following statements about linear programming problems as true or false, and then justify your answer.
nika2105 [10]

Answer and Explanation:

a. The given statement is true as the corner point at the objective function should be feasible solution which is no longer as compared with the value for every adjacent CPF solution as compared with its optimal

b. The given statement is false as the solution can be an edge

c. The given statement is true as it shows the direct relation between the two things

3 0
3 years ago
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