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3 years ago

Failure to pay on a mortgage is called

Business

2 answers:

gladu [14]3 years ago

8 0

Answer:

Defualt

Explanation:

worty [1.4K]3 years ago

6 0

The failure to pay on a mortgage is default. Basically, the default is the failure to meet legal responsibilities in a contract, including the failure to pay back a loan. A mortgage is considered a default when a payment is late for 30 days or more.

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Paulson Company began the year with retained earnings of $500,000. During the year, the company issued $720,000 of common stock,

Murljashka [212]

Answer:

Revenue for the period = $2,100,000

Explanation:

Provided information,

Opening balance of retained earnings = $500,000

Expenses recorded for the period = $2,000,000

Dividends paid during the period = $80,000

Closing balance of retained earnings = $520,000

Therefore increase in retained earnings = $520,000 - $500,000 = $20,000

Earnings for the period - Expenses for the period - Dividend for the period = $20,000

Now, putting values in above,

Earnings - $2,000,000 - $80,000 = $20,000

Earnings = $20,000 + $80,000 + $2,000,000 = $2,100,000

Revenue for the period = $2,100,000

6 0

3 years ago

If the price elasticity of demand for a product is -2.5, then a price cut from $2.00 to $1.80 will _________ the quantity demand

UkoKoshka [18]

If the price elasticity of demand for a product is -2.5, then a price cut from $2.00 to $1.80 will increase the quantity demanded by about 2.5%.

Price elasticity of call for is a measurement of the trade in the intake of a product on the subject of exchange in its price. Expressed mathematically, it's miles: charge Elasticity of demand = percent trade-in quantity Demanded / percentage trade-in rate.

we are saying a great is price elastic whilst growth in prices causes a bigger % fall in demand. e.g. if fee rises 20% and demand falls 50%, the PED = -2.five. Examples consist of Heinz soup.

Learn more about Price elasticity here: brainly.com/question/24384825

#SPJ4

6 0

2 years ago

Microsoft project is the most widely used project management software today and is an example of a ________ tool.

fomenos

Software documents tools

6 0

3 years ago

If you have employees you’ll have to pay the ____ tax which is used to pay compensation to workers who lose their jobs

Olenka [21]

Answer:

B. FUTA will be the correct answer which means Federal Unemployment Tax Act.

Explanation:

If your google the meaning of FUTA it will bring up the meaning

3 0

3 years ago

Read 2 more answers

First,label the following scenarios as to whether they would create a producer or consumer surplus. Then, after you have labeled

Iteru [2.4K]

Alice is willing to spend $30 on a pair of jeans, and has a coupon for $10 off she found online. She selects and purchases a $35 pair of jeans, pre-discount.
(Alice's consumer surplus, $5)

Jeff finds some steaks for $16 for which he would have been willing to pay $20. The butcher notices the meat is near the expiration date and gives him an extra 75% off. 
(Jeff's consumer surplus, $16)

Nicole has in her possession a hockey puck from the 2010 Winter Olympic Games and sells it on eBay. She will only sell the puck if the winning bid is greater than or equal to $500. After bidding closes, the last bid stands at $500. 
(Nicole's producer surplus, $0)

Claire is trying to sell her used calculus textbook online. She asks for $150 or best offer and is willing to sell for anything over $100. She is able to sell it for $125. 
(Claire's producer surplus, $25)

Roy is willing to pay $2.50 for a sports drink. He notices the price is $2.79 and chooses not to purchase a sports drink. (Roy's consumer surplus, $0)

8 0

3 years ago