Answer:
C. counseled a borrower about loan terms
Explanation:
Jerry works for mortgage broker Sue. Jerry would need to be state licensed Mortgage Loan Originator (MLO) if he counseled a borrower about loan terms.
Mortgage loan originator is an individual or institution who is the original lender, ensures the loan falls through and closing it. They are usually saddled with the responsibility of persuading and counseling a borrower in getting a mortgage loan.
Answer:
(d) Reimbursement
Explanation:
A reimbursement is a repayment for cash you've just spent. At the point when you travel for work, you get a repayment for your business related costs, similar to inn bills and boarding passes, however you'll need to pay for that outing to the bazaar yourself.
The cost repayment process enables bosses to take care of workers who have gone through their own cash for business-related costs. At the point when representatives get a cost repayment, commonly they won't be required to report such installments as wages or pay
Answer:
Budgeted cost of the goods will be $10100
So option (c) will be the correct answer
Explanation:
We have given purchased price of the goods = $9450
Inventory at the beginning of October, that is beginning inventory = $4050
And inventory at the ending of October, that is ending inventory = $3400
We have to find the budgeted cost for goods sold in October
Budgeted cost for goods is given by
Budgeted cost = beginning inventory + purchase - ending inventory = $4050+$9450-$3400 = $10100
So option (c) is the correct option
Answer:
P.Ed at p = 5 :- 0.26
Revenue maximising price = 8.5 ; Maximum Total Revenue = 1222
Explanation:
Price Elasticity of Demand shows responsive change in demand, due to change in price. P.Ed = ( dq / dp ) x ( p / q )
q = 216 - p^2
dq / dp = - 2p
P.Ed = dq / dp x ( p / q )
So, PEd = ( -2p ) x ( p / q )
[ (- 2p) (p) ] / [ 216 - p^2 ]
(- 2p^2 ) / ( 216 - p^2 )
Putting value of P = 5 in P.Ed
<u>- 2(25) </u>
216 - 25
= - 50 / 191
P.Ed = 0.26
Revenue is the total value of receipts from sale of goods & services. TR = p x q
q = 216 - p^2
TR = 216p - p^3
To find price maximising TR , we will derivate TR function with respect to 'p'
d TR / d p = 216 - 3p^2
d TR / d p = 216 - 3p^2 = 0
3p^2 = 216
p^2 = 216 / 3
p^2 = 72
p = √ 72
p = 8.5
Finding maximum revenue ; Putting price = 8.5 in TR function
TR = 216p - p^3
216 (8.5) - (8.5)^3
1836 - 614
1222