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harkovskaia [24]
3 years ago
13

Sandra is purchasing a home with a first mortgage loan for $548,250, which is the conforming loan limit for the area where she l

ives at the time that she secures approval. Her interest rate is not a prime rate, and in order to determine if it triggers the threshold for higher-priced mortgage loans, her creditor must determine if the APR for the loan exceeds the average prime offer rate by:
Business
1 answer:
Lostsunrise [7]3 years ago
7 0

Question Completion with Options:

2.5 percentage points

1.5 percentage points

3.5 percentage points

6.5 percentage points

Answer:

Sandra's creditor must determine if the APR for the loan exceeds the average prime offer rate by:

1.5 percentage points

Explanation:

The first mortgage loan principal should not exceed the conforming loan limit for the area where Sandra lives at the time that she secures the loan approval. It behooves on Sandra’s creditor to determine if the annual percentage rate (APR) for the mortgage loan exceeds the average prime offer rate (or the sample rate that is a representative of the APRs charged by creditors for mortgage loans that have low-risk pricing characteristics) by 1.5 percentage points.

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The following amounts represent totals from the first three years of operations. Calculate the balance of Retained Earnings at t
LiRa [457]

Answer:

B) $2,600

Explanation:

Retained earnings in each is computed as net income minus dividends

In year 2016 retained earnings=$1200-$200=$1000

In year 2017 retained earnings=2016 retained earnings+net income-dividends

2017 retained earnings=$1000-$500+$0=$500

2018 retained earnings=2017 retained earnings+net income-dividends

2018 retained earnings=$500+$2,300-$200

2018 retained earnings=$2,600

6 0
3 years ago
Edward's Manufactured Homes purchased some machinery 3 years ago for $319,000. These assets are classified as 5-year property fo
9966 [12]

Answer:

$144,592  

Explanation:

The computation of the after tax salvage value is shown below;

We assume that after 2 years, 52% of the equipment cost would be written off so the remaining basis i.e.

= $319,000 × 48%

= $153,120

The tax loss is

= $153,120 - $140,000

= $13,120

ANd, the tax rate is 35%

So,  

= $13,120 × 0.35

= $4,592

Now the after tax salvage value is

= $140,000 + $4,592

= $144,592  

7 0
3 years ago
Is a put option on a high-beta stock worth more than one on a low-beta stock? the stocks have identical firm-specific risk.
Leona [35]

The stocks have identical firm-specific risks. Holding firm-specific risk constant, higher beta implies higher total stock volatility. Thus, the value of the put option increases as the beta increases.

Firm-precise risk is the diversifiable danger of an asset. This is the component of threat that is specific to a selected company that does not have an effect on different companies. Efficient diversification can remove this sort of threat.

As soon as different, buyers are nonetheless issued to market-wide systematic risk. Total hazard is unsystematic chance plus systematic risk. Systematic change is attributed to vast marketplace factors and is the investment portfolio threat that isn't always based totally on character investments.

Learn more about stocks here brainly.com/question/25765493

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8 0
1 year ago
Antonio would like to replace his golf clubs with a​ custom-measured set. A local sporting goods megastore is advertising custom
AlexFokin [52]

Answer:

Antonio and Replacement of Golf Clubs

a. He should cash the CD and use the proceeds to finance part of the golf clubs.

b. The reason is that he would pay more in in-store financing totaling $37.06 per annum than the net interest he would generate from the CD totaling $23.18 per annum.  And Antonio would incur a net loss of $13.88 if the CD was renewed unlike the $5.74 if the CD were not renewed.

Explanation:

Option 1: Renew Certificate of Deposit (CD):

Interest earned  = $33.48 ($600 * 5.58%)

Taxes                  =   10.30 ($33.48 * 30.75%)

Net Income         = $23.18

Cost of in-store financing = $37.06 ($710 * 5.22%)

Net Loss(overall) = $13.88 ($37.06 - $23.18)

Option 2:

Sale-off of CD = $600

Net financing required = $110 ($710 - $600)

Cost of financing = $5.74 ($110 * 5.22%)

6 0
4 years ago
according to the law of supply: group of answer choices there is an inverse relationship between price and the quantity supplied
NeX [460]

Answer:

there is a direct relationship between price and the quantity supplied.

Explanation:

If price rises, supply will rise because suppliers will see the opportunity to earn more profit.

If price falls, supply will fall due to low opportunity of profit to the suppliers.

8 0
2 years ago
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