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3 years ago

What is home equity?

Business

2 answers:

mariarad [96]3 years ago

5 0

Answer:

A proportion of your property that you truly own.

Explanation:

Home equity is a homeowner's interest in a home. It can increase over time if the property value increases or the mortgage loan balance is paid down.Put another way, home equity is the portion of your property that you truly “own.” You're certainly considered to own your home, but if you borrowed money to buy it, your lender also has an interest in it until you pay off the loan.

Btw I found this in a website

Hope this helps

astra-53 [7]3 years ago

4 0

Answer:

A home equity is the total value of your home, having discounted all debts the house owns.

This value may increase depending on the economy of a country, the demand that exists, any remodeling or arrangement that the owner makes in his house, etc.

It can also decrease if the economy of a country is bad or has little demand, or the house is damaged, mortgaged, etc.

If your house is mortgaged and you would like to sell it, then the home equity will be less than if it were not.

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Martinez Co. borrowed $75,600 on March 1 of the current year by signing a 60-day, 9%, interest-bearing note. Assuming a 360-day

guajiro [1.7K]

Answer:

Note payable 75,600 debit

Interest expense 1,134 debit

Cash 76,734 credit

Explanation:

NOTE: it semes you paste possible answer for a differnt questions.However it is possible to determiante a correct answer:

interest will be calculate as follows:

principal x rate x time = interest

we should match rate and time in the same metric, in this case portion of a 360 days years:

75,600 x 0.09 x 60/360 = 1.134‬

As we take the debt, this interst are expense.

To record this, we will write-off the note principal, post the interest expense and credit the total amount of cash disbursements to pay up the debt.

Note payable 75,600 debit

Interest expense 1,134 debit

Cash 76,734 credit

4 0

3 years ago

According to the sticky-price model, other things being equal, the greater the proportion s of firms that follow the sticky-pric

Lelu [443]

Answer:

The correct answer is c. greater; increase.

Explanation:

The models follow one another by altering the assumptions about the flexible or rigid nature of the prices determined in the different markets.

• Flexible price: the price varies, increasing when there is excess demand and decreasing when there is excess supply.

• Rigid price: it does not follow the logic of the mentioned variation because it responds to other factors or because although it varies according to the logic described above, it does not do so sufficiently for the market to balance instantly. (IMP .: do not confuse rigid price with constant price).

5 0

3 years ago

a. is borrowed money invested in start-up businesses and provided by the Small Business Administration b. includes all the money

kolezko [41]

Complete Question:

Venture capital:

Answer:

c. is financing obtained from investment firms that specialize in financing small, high-growth companies.

Explanation:

Venture capital can be defined as a form of financing through which an investor provide capital for small, early-stage and high-growth companies in exchange for an equity stake or partial ownership of the company.

This ultimately implies that, venture capital is a type of financing obtained from investment firms that mainly specialize in providing finance for small, high-growth companies. Also, these small, high-growth companies or businesses are typically owned by individuals or a small group of people.

In conclusion, venture capital involves making capital investment in a small business with high growth potential in exchange for partial ownership or an equity stake in the business.

8 0

3 years ago

Gaw Company owns 15% of the common stock of Trace Corporation and used the fair-value method to account for this investment. Tra

Marizza181 [45]

Answer:

It is $9,000 (B)

Explanation:

Total paid dividends paid = $60,000

Return on Investment = $60,000 *15%

=$9,000.

Gaw Company investment in Trace Corporation will be treated as Investment Assets. In its book ,it can only recognize its share of dividend paid as return on investment.

Gaw Company cannot recognize its share of entire net income of Trace because it doesn't have controlling interest (i.e subsidiary) in the company neither does it have significant influence (i.e associate).

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3 years ago

Encouraging customers to switch brands is most likely the objective of

noname [10]

An advertisement. Advertisements are always trying to get you to switch brands.

8 0

3 years ago