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3 years ago

How old do you have to be to get a reverse mortgage

Business

1 answer:

Murljashka [212]3 years ago

6 0

Answer: Minimum 62 years

Explanation: As per the rules, the youngest borrower must have attained the age of 62 years to qualify for reverse mortgage loan. There are several other requirements as well.

HUD financial criteria also needs to be fulfilled by the borrower. The home in which borrowers be living must be their prime residence and the required home equity will also be required.

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Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $74,000 and $3,900, r

Nadya [2.5K]

Answer:

The 9,300 should Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement

Explanation:

The non-collectible accounts expenses on its Year 2 income statement is shown below:

= Ending balance + write off balance - opening balance

= $6,000 + $7,200 - $3,900

=$9,300

The accounts receivable is not to be considered because we have to find out the uncollectible accounts expense, so the account receivable balance should not be taken in the computation part.

Hence, the 9,300 should Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement

5 0

3 years ago

Based on the following adjusted trial balance: Peak Corporation Adjusted Trial Balance As of December 31, 2018 Debit Credit Cash

ivanzaharov [21]

Answer:

Determine the amount that will be reported as retained earnings on the post-closing trial balance.

Retainend earnings final___________30000

Explanation:

Cash__________________800

Account Receivable______ 200

Inventory_______________2500

Building________________30000

Accunulated depreciation_______________ 3000

Notes payable_________________________ 500

Common stock_________________________21000

Retainend Earnings_____________________ 5000

Dividens________________1000

Revenue_____________________________ 7000

Selling and administration_ 1000

Insurance expense_______ 1000

36500 36500

Retainend earnings______ 1000 26000

Retainend earnings initial_________ 25000

Net income_____________2000____7000

5000

Retainend earnings final___________30000

8 0

3 years ago

Janice developed a media plan for a client that recommended 10 commercials in a television program that delivered 4 million targ

Kisachek [45]

Answer:

49 million impressions

Explanation:

In media gross impressions are defined as the total number of people that represented in a media schedule. When a media campaign is launched unique impressions are counted to make up gross impression.

For example on digital marketing a visit from a customer is counted as one impression by cookies. Once a new user logs in a new impression is created.

In this instance for the television program total number of impressions for one advert can be calculated as

Impression = Average persons * Number of spots (commercials)

Impression= 4 million persons * 10

Impression = 40 million

For the magazine it aims to target 3 million people with 3 full page adverts

Impression = 3million * 3

Impression = 9 million

Therefore total impression of the campaign

Gross impression= 40 million + 9 million

Gross impression= 49 million

5 0

3 years ago

A good file system depends on easy retrieval of information, so it is important that _______.

nataly862011 [7]

It is important that you are able to organize and classify your files so that it would be fast and simple to retrieve them when they are needed. Classify them by topics and arranged them by date as well as by alphabetical order and create a database so that you retrieve them quickly.

8 0

3 years ago

What is a significant part of the step of evaluating controls and determining which controls to implement?

Kisachek [45]

Answer:

"CBAs" would be the appropriate answer.

Explanation:

The CBAs system was intended to incorporate various business practices and knowledge across multiple security experts as well as provide a structured process to match application development policies and procedures with either the institution's threat analysis.
As either a consequence, a structure is developed to enhance their safety infrastructure of business process development.

6 0

2 years ago