The answer is <u>"equity in a home that a debtor is permitted to retain".</u>
A homestead exemption shields the estimation of a home from property expenses and lenders following the demise of a mortgage holder life partner. A homestead exemption can be found in state resolutions and sacred arrangements over the U.S. also, is a programmed advantage in a few states. In states where the estate insurance isn't programmed, mortgage holders must document a case which must be re-recorded while moving main living places
Answer:
31-Aug-22
Dr Bank Account 60
Cr Interest Received for the month of Aug22 60
31-Aug-22
Dr Sundry Creditors 360
Cr Bank Account 360
31-Aug-22
Dr Bank Charges Dr 105
Cr Bank Account Cr 105
Explanation:
Preparation of the adjusting entries to be made by Sage Hill Inc. at August 31
31-Aug-22
Dr Bank Account 60
Cr Interest Received for the month of Aug22 60
(To record Interest earned)
31-Aug-22
Dr Sundry Creditors 360
Cr Bank Account 360
($400-40)
(To correct error in recording check)
31-Aug-22
Dr Bank Charges Dr 105
Cr Bank Account Cr 105
($65+40)
(To record service charge and safety deposit box fee)
The Export-Import Bank finances the export activities of companies in the United States and offers insurance on foreign accounts receivable.
<h3>Export-Import Bank</h3>
- A federal organization called the Export-Import Bank of the United States (EXIM) offers a range of resources to support the export of American products and services.
- The Bank's goal is to finance the selling of American exports to foreign customers in order to create and maintain jobs in the United States.
- EXIM provides solutions like buyer financing, export credit insurance, and working capital access to American exporters and their clients.
- Second, EXIM offers buyer finance to match or compete with the financing provided by over 96 ECAs throughout the world when U.S. exporters face foreign competition supported by other governments.\
To learn more about Export-Import Bank refer to:
brainly.com/question/27399614
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Answer:
The firm's cost of preferred stock is 17.44%
Explanation:
For computing the cost of preferred stock, first, we have to calculate the dividend per share. The formula of dividend per share is shown below:
Dividend per share = Preferred stock percentage × par value per share
= 7.5 % × $100
=$7.5 per share
Now we can easily compute the cost of preferred stock. The formula is shown below:
= Dividend per share ÷ Price of preferred stock
= $7.5 ÷ $43
= 17.44%
The tax rate should be ignored because the tax rate is used for debt calculation , not for preferred stock.
Hence, the firm's cost of preferred stock is 17.44%
