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ELEN [110]
4 years ago
7

What is the main difference between ballon mortgage and arm

Business
2 answers:
LenKa [72]4 years ago
4 0

Answer:

A balloon mortgage is a type of a loan that requires the borrower to make the payment as a lump-sum at the maturity period while under the ARM the borrower is allowed to choose the small periodic payments suitable for both the lender and the borrower.  

ARM is the abbreviation for Adjustable Rate Mortgage. therefore the loan repayment changes according to agreement between the lender and the  borrower.

OverLord2011 [107]4 years ago
3 0

Explanation:

Mortgages is a legal document between the lender and the borrower. Lender can be a bank or a financial institution which takes the borrower's property as a collateral and charge a percentage of interest on the money. A Balloon mortgage is a loan in which the borrower has to pay the lump sum amount to fulfill repayment. Balloon loans are short term duration loans. These are interest only installment payments. ARM Mortgage is the Adjustable Rate mortgage in which the percentage of interest is adjusted periodically on the basis of index

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An optimizing consumer currently spends money on many goods. The last ticket to a baseball game she bought cost $15 and gave her
OLga [1]

Answer:

Number of utils that will be received from the purchase is 6.667 utils.

Explanation:

At Optimum:

Pa / Pb = MUa / MUb

Where;

Pa = Price of the baseball game = 15

Pb = Price of the movie ticket = 10

Now,

15/10 = 10/MUb

1.5 = 10/MUb

MUb = 6.667 utils

Thus, the number of utils that will be received from the purchase is 6.667 utils.

7 0
4 years ago
Which of the following statements are true of local taxes? (Choose all that apply)
Andrew [12]
Local taxes can be sales taxes
4 0
3 years ago
A. Why is the healthcare industry perceived as being less proactive than other industries in the area of computerized informatio
Mrrafil [7]

Answer:

Explanation:

(A) (i) The healthcare industry is perceived that way because most of the training & advancement programs for health practitioners do not shed light on information technology.

(ii) This perception can be changed, by introducing the idea and practice of computerized information systems.

(B) The three concepts are related, such that

- E-health has to do with the offering of health care via electronic means.

- E-commerce is the electronic provision for traders (buyers, sellers, investors, etc) which extends the market place from land to electronic devices.

- Electronic Data Interchange (EDI) is a kind of e-commerce tool or infrastructure which enables the availability and spread of information.

(C) What is driving the increased use of computerized care protocols in healthcare?

The driver of this is the increase in the use of internet technology. Businesses (health or non-health related) have grown through this medium and healthcare givers have had to resort to this.

(D) Key public infrastructure are the social amenities which are considered crucial to the lives of citizens.

This is receiving much attention in the healthcare industry because primary healthcare is a key public infrastructure! Others include stable electricity, pipe borne water, good roads, security, etc. These infrastructure improve the living standard of people.

8 0
4 years ago
An unfavorable​ production-volume variance​ ________. A. is not a good measure of a lost production opportunity B. indicates tha
antiseptic1488 [7]

Answer:

d) measures the amount of extra fixed costs planned for but not used

Explanation:

An unfavorable​ production-volume variance <u>measures the amount of extra fixed costs planned for but not used</u>. As per production-volume variance extra fixed costs planned for but not used has unfavorable production-volume variance.

When production-volume variance is unfavorable, that means the fixed cost are allocated on lesser number of manufactured units, hence it indicates that the fixed costs are not controlled well.

8 0
3 years ago
Sheridan Company has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting Goods and 35% for Sports G
BigorU [14]

Answer:

b. $19500000.

Explanation:

Break-even point is the level of sales on which business has no profit no loss situation. The business only covers the variable and fixed cost at this point.

Total Contribution can be determined by calculating adding estimated contribution of each division.

Total Contribution ratio = (65% x 30%) + (35% x 50%) = 19.5% + 17.5% = 37%

Fixed cost = $7,215,000

Break-even point = Fixed cost / Contribution margin ratio = $7,215,000 / 37% = $19,500,000

7 0
3 years ago
Read 2 more answers
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