Answer:
B. planning on selling their homes before the term of the loan ends.
Explanation:
just took the test
Once a loan application is received, a creditor may not require additional information or verification until The Loan Estimate is provided.
What is a Loan Estimate?
After submitting a mortgage application, you will receive a three-page document called a Loan Estimate.
You can learn vital information about the loan you've asked for from the Loan Estimate. After receiving your application, the lender has three business days to give you a Loan Estimate.
You can see key details on the form, such as the expected interest rate, monthly payment, and total loan closing expenses. You can find out more about the expected expenses of taxes and insurance in the loan estimate, as well as any future changes to the interest rate and payments. The application also discloses any unique terms of the loan that you should be aware of, such as prepayment penalties for early loan repayment.
So, the creatir must wait till The Loan Estimate is provided.
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According to deming, Good quality means a predictable
degree of uniformity and dependability with
a quality standard suited to the customer.
For a monopolist b. price is above marginal revenue.
<h3>What Is Marginal Revenue? </h3>
Marginal revenue can be regarded as increase in revenue which is been gotten from the sale of one additional unit of output.
As a monopolist that is the the only seller in the market, then their marginal revenue is usually above price because they don't have a competitor that is close enough.
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Answer: The answer is given below
Explanation:
The schedule showing the amount recorded goes thus:
Particulars Amount($)
Purchase price 697000
Freight costs 33500
Electrical connection 4700
labor costs 36300
Bread dough used in testing oven
870
Safety Guards 1470
Total cost of equipment = 773840
The repairs cost 4700 is excluded because it is not a normal cost of the installation, therefore, it should be recorded as an expense in the income statement.
