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Natali [406]
3 years ago
12

enny has applied for a loan to purchase a home and learns that she is unable to qualify for any loan other than a high-cost mort

gage. Her lender, MortgageMax, tells her that she must complete pre-loan counseling to obtain the loan. MortgageMax also tells her that it will pay for the counseling if she uses a counselor from its affiliate company, MortgageMax Counseling, and obtains her certification from this company. Which statement is the most accurate assessment of this arrangement
Business
1 answer:
nataly862011 [7]3 years ago
5 0

Answer: C. MortgageMax may pay the counseling fees, but is prohibited from steering Jenny towards a particular counselor or allowing her to complete counseling from one of its affiliates.

Explanation:

MortgageMax is violating the law in recommending a particular counselor and recommending one of its affiliates. Lenders are not allowed to direct a loan candidate to a certain counselor in order to avoid any unfortunate situations that arise from the counselor being partial to the lender.

Lenders are also prohibited from offering the counselling via an affiliate for the same reason above. They are however, allowed to pay for the counselling.

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The flow of information and ideas from one person to another involving a sender method of transmitting the idea or content and r
Deffense [45]

Answer:

Communication

Explanation:

Communication is the exchange and flow of information and ideas from one person to another; it involves a sender transmitting an idea, information, or feeling to a receiver

5 0
2 years ago
Suppose you win a small lottery and have the choice of two ways to be paid: You can accept the money in a lump sum or in a serie
Paraphin [41]

Answer:

The correct answer would be option A, The lump sum is always better.

Explanation:

If I would have to give advice to my friend who is in the same situation as i was in some time back, I would recommend him to go for the Lump sum choice. This is because of the fact that the interest rate compounded in three years payment schedule will result in the less value of what I am getting today. Accepting the lump sum value in contrast with accepting the yearly payments on 9% interest rate would be better off because it has more value at present.

5 0
3 years ago
The expense recognition (matching) principle requires that expenses (expenses/assets/liabilities) be recorded in the same accoun
Tju [1.3M]

Answer:

Expenses ; revenues ; adjusting

Explanation:

According to the expense recognition or matching principle, the expenses that are incurred in a particular period should be matched with the revenues that are earned in that particular period.

This principle major part is of the adjustments so that the adjustment entries are passed so that the financial statements represents the true and fair view to the users of the accounting information

8 0
3 years ago
suppose you pay $9,400 for a $10,000 par treasury bill maturing in 6 months. what is the annualized holding period return for th
Leni [432]

The annualized holding period return for this investment is 13.17%.

<h3>Define annualized total return.</h3>

The fund's annual return is calculated using the annualized total return to show the rate of return required to generate a cumulative return. A holding period is the duration of time an investor keeps an investment in their portfolio or the interval between buying and selling a security.

The geometric average of yearly returns for each year during the investment period is known as the annualized return. When comparing two investments with different time periods or examining an investment's performance over time, the annualized return can be helpful.

Annualized Return =(Future value + Present value) ^ (1 / N) - 1

= [10,000/9,400]^12/6 - 1

= (1.0638298)²-1

= 1.1317 - 1

= 13.17%

To learn more about to calculate annual return, visit:

brainly.com/question/17023498

#SPJ4

4 0
1 year ago
The price of popcorn is $0.50 per box and the price of peanuts is $0.25 per bag, and eddie has $10 to spend on both goods. the m
marysya [2.9K]

If peanuts cost .25 per bag, you would divide $10 by .25 to determine how many bags you are able to buy.

3 0
3 years ago
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