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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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3 years ago

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Evergreen Corporation distributes land with a fair market value of $200,000 to its sole shareholder. Evergreen's tax basis in th

Lady_Fox [76]

Answer:

True

Explanation:

As for calculating the gain or loss on distribution of any asset, in any case the company shall consider the fair market value at the time of distribution, and accordingly, the gain or loss shall be:

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Here, in the given instance

Fair market value of land = $200,000

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3 years ago

Blackwelder factory produces two similar products-small lamps and desk lamps. the total plant overhead budget is $640,000 with 4

olasank [31]

Answer: b. $188,800 Blackwelder Company will allocates $188,800 to desk lamp production if the actual direct hours is 118,000.

We have the following:

Total Plant Overhead = $640,000

Total Estimated Direct labour hours = 400,000 hours

Actual labour hours for desk lamp = 118, 000 hours

$Overhead allocation rate = \frac{Total overhead}{Total estimated direct labor hours}$

$Overhead allocation rate = \frac{640,000}{400,000}$

$Overhead Allocation Rate = $1.6$

$Factory overhead allocated = Overhead allocation Rate * Actual labour hours [/tex] [tex] Factory overhead allocated = $188,800 (1.6 * 118,000)$

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3 years ago

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Alexandra [31]

Answer:

D. They result in new situations that are not covered by old laws

Explanation:

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Read more on medicaid here: brainly.com/question/517714

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1 year ago