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Burka [1]
3 years ago
10

What are the 3 documents mortgage lenders are required to give you by law?

Business
1 answer:
Paul [167]3 years ago
4 0

Answer: The Loan Estimate, The Closing Disclosure, and The Notice of the Right to Rescind

Explanation:

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A rightward shift of the investment demand curve will:
victus00 [196]

A rightward shift of the investment demand curve will suggest an increase in demand. The reasons for this shift in the right would depend on the situation of the economy. The shifting of the curve may be affected by the following: 

1. Level of economic activity 

The increase in production would increase the demand thus the curve will shift to the right. 

2. Expectations 

T<span>he forecasting would also affect the shifting of the curve since they may have forecasted </span>an increase sale<span> of the company</span> 

3. Capacity utilization 

The larger the utilization of the capacity of the stocks, the larger would be the demand. 

4. Cost of capital goods 

T<span>he cost of constructing or producing capital would also affect the investment demand since investors would always look at the potential returns.</span>

5 0
3 years ago
How will taxation influence the circular flow model
Usimov [2.4K]

Answer:

TMS

Explanation:

Taxes (T) imposed by the government reduced the flow of income.

Money paid to foreign companies for imports (M) also constitutes a leakage.

Savings (S) by businesses that would have been put to use are a decrease in the circular flow of an economy's income.

7 0
3 years ago
Midshipmen Company borrows $11,500 from Falcon Company on July 1, 2018. Midshipmen repays the amount borrowed and pays interest
hoa [83]

Answer:

Part 1:

Account                                                          Debit                        Credit

Cash                                                              $11,500

Notes Payable                                                                                $11,500

(On 12% Interest)

Part 2:

Account                                                          Debit                         Credit

Interest Expense                                           $690

   Interest Payable                                                                             $690

Part 3:

Interest Expense = $690

Interest Payable = $690

Explanation:

Part 1:

July 1, 2018 Midshipmen borrows $11,500 from Falcon Company.

Account                                                          Debit                        Credit

Cash                                                              $11,500

Notes Payable                                                                                $11,500

(On 12% Interest)

Part 2:

From july 1,2018 to Dec 31,2018, Interest expense has accumulated for 6 months. Since each month the interest is 1% so For each month interest is

($11500 * 1% = $115).

For 6 months Interest expense = $115 * 6

For 6 months Interest expense = $690

General Entry:

Account                                                          Debit                         Credit

Interest Expense                                           $690

   Interest Payable                                                                           $690

Part 3:

Same as Part 2 i.e

From july 1,2018 to Dec 31,2018, Interest expense has accumulated for 6 months. Since each month the interest is 1% so For each month interest is

($11500 * 1% = $115).

For 6 months Interest expense = $115 * 6

For 6 months Interest expense = $690

Interest Expense = $690

Interest Payable = $690

5 0
3 years ago
Mr. Smith has an income of $40,000 this year and $60,000 next year. He can invest in a project that costs $30,000 this year, whi
____ [38]

Answer:

"$52,000" is the correct answer.

Explanation:

Given:

This year income,

= $40,000

Next year income,

= $60,000

Market interest rate,

= 10%

or,

= 0.1

Now,

The next year consumption will be:

= [40,000 - 30,000 - 50,000]\times 1.1 + (60,000 + 36,000)

= -40,000\times 1.1+96000

= -44000+96000

= 52000 ($)

8 0
3 years ago
Morgan and Flynn owned a partnership business that was facing financial difficulties. The debts of the business were getting out
ahrayia [7]
<span>They can file the bankruptcy code under chapter 11. 

</span>This chapter of the Bankruptcy Code generally provides for reorganization, usually involving a corporation or partnership. A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in chapter 11<span>.
</span>
I hope my answer has come to your help. God bless and have a nice day ahead!
8 0
3 years ago
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