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4 years ago

What is the latest date that a settlement agent is allowed to provide the seller with the Closing Disclosure?

Business

1 answer:

Naily [24]4 years ago

7 0

Answer:

At consummation of the mortgage. Consummation of the mortgage takes place when the buyer signs the loan papers. The closing disclosure must include all the relevant information about the mortgage loan, including closing costs and the agreement on who pays them. The rest of the information about the loan (monthly payment, interest rate, etc.) is not important for the seller, but the closing costs and who pays for them is important.

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Last year, Alfred's Automotive had a price-earnings ratio of 15 and earnings per share of $1.20. This year, the price earnings r

drek231 [11]

Answer:

Investors’ outlook for the firm has improved.

Explanation:

Computation of Market price.

MPS = PE ratio × EPS

⇒ MPS (Previous) = $1.20 × 15

⇒ MPS (Previous) = $18

⇒ MPS (Current) = $1.20 × 18

⇒ MPS (Current) = $21.60

So, we say that the market price has increased.

Investors’ outlook for the firm has improved.

6 0

4 years ago

Hi-Tek is a young start-up company. No dividends will be paid on the stock over the next 15 years, because the firm needs to plo

Zolol [24]

Answer:

current share price = $5.40

so correct option is C. $5.40

Explanation:

given data

dividends paid = 15 years

pay = $6 per share

increase = 4%

to find out

current share price

solution

we know that Value after year 15 will be = ( D15 × Growth rate) ÷ (required return - growth rate) ......................1

put here value

Value after year 15 = $\frac{6*(1+0.4)}{0.16 - 0.04}$

Value after year 15 = $52

so here current share price will be

current share price = Future dividends × Present value of discounting factor

current share price = $\frac{6}{(1+0.16)^{16}}+\frac{52}{(1+0.16)^{16}}$

current share price = $5.40

so correct option is C. $5.40

4 0

3 years ago

Anita is an entrepreneur who is interested in starting a hair salon. Anita consulted her friend Ali, who is a businessman, to ge

Varvara68 [4.7K]

ANSWER 1. Capital

EXPLANATION: Calculating capital is necessary for a business. It is the basic duty of an entrepreneur to calculate capital before starting any business to check the financial capacity of the entrepreneur. Calculating capital also helps to estimate if any outside finance is necessary to start the business.

ANSWER 2: Set of Services

EXPLANATION: Choosing and categorizing set of services is necessary before starting any business. This will help in acquiring expert and trained set of labors to carry out the work. The clients will also come to know of the services that are available in the business. Expert and trained set of labors are difficult to find in any market.

ANSWER 3: Total Cost of Ownership

EXPLANATION: Total cost of ownership is a financial estimate intended to help buyers and owners determine the direct and indirect costs of a product or system. Each and every piece of equipment that Anita buys is added to the cost of the ownership of the business.

4 0

3 years ago

Read 2 more answers

When qualifying a buyer using the Fannie Mae guidelines, what is the ratio allowed for the amount of money for housing expense c

vfiekz [6]

Answer:

28%

Explanation:

Most mortgage lenders, including Fannie Mae, use the 28/36 rule. That rule states that a family should spend no more than 28% of the gross monthly income (GMI) on housing expenses, and pay no more than 36% of GMI to cover debts (mortgage payments are included in this 36%).

Statistics show that households that do not comply with the 28/36 rule, tend to have difficulty paying back loans.

8 0

3 years ago

In 2020, the Merkel Company had revenues of $2,650,000 and costs of $2,150,000. During 2021, Merkel will be introducing a new pr

Neporo4naja [7]

Answer:

$92.000

Explanation:

<h2>1. The first step is to calculte the operating profits for the year 2020, following the next formula </h2>

(Revenues - costs) = Operating Profits.

Revenues 2.650.000

Costs 2.150.000

--------

Operating profits 500.000

<h2>2. Same indications for the next year.</h2>

Revenues 2.915.000

Costs 2.323.000

--------

Operating profits 592.000

<h2>3. Calculate the diference between 2021 and 2020. </h2>

8 0

3 years ago