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LenaWriter [7]
3 years ago
12

Mary and Larry are purchasing a house for $198,000. They are making a down payment of $20,000, and they are approved for a confo

rming loan. How much should they expect to receive in seller help if the seller agrees to contribute the maximum amount
Business
1 answer:
Amiraneli [1.4K]3 years ago
7 0

Answer:

$11,880

Explanation:

The computation of the amount that should be expected to recieve in seller is shown below:

The maximum seller contribution should be 6% for confirming the loan as the down payment is more than 10%

So, the amount should be

= $6% of $198,000

= $11,880

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6 0
2 years ago
When bonds are converted into common stock____.
nexus9112 [7]

Answer:

When bonds are converted into common stock____.

a. the market price of the stock and the bonds is ignored when recording the conversion.

Explanation:

This is because the conversion price, which is the price at which the convertible bond is converted into the common stock of the entity, is usually set initially when the conversion ratio is first decided on.  Therefore, the market prices of the stock and the bonds are not taken into account when the conversion recording is being done.

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3 years ago
Minor Electric has received a special one-time order for 600 light fixtures (units) at $8 per unit. Minor currently produces and
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Answer:

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