The correct option is C) Washington, D.C.
By 2015, the foreclosure rate was down by 20%. The metropolitan statistical areas showing the highest percentage of improvement included all of the following except "Washington, D.C".
<h3>What is
foreclosure rate?</h3>
The process of foreclosure starts when a borrower is unable to make their mortgage payments. When a mortgage is foreclosed, the lender normally seizes the property and makes an effort to sell it. This occurs when real estate is utilised as security for mortgage loans, making your house a form of security.
The given are the ways to avoid Foreclosure-
- Ask For Forbearance: As you may remember, forbearance enables borrowers to temporarily suspend mortgage payments while they recover their savings, boost their income, or pay down debt in the wake of financial troubles.
- Apply For A Refinance: Refinancing into a more manageable payment can prevent you from going into default on the loan if you're worried about going through with a foreclosure. This regrettably isn't a possibility for everyone since it can only really be done if you haven't missed a payment.
- Ask For A Mortgage Reinstatement: If you experienced temporary financial issues that have subsequently disappeared, speak with your servicer to learn about your alternatives.
- Apply For A Short Sale: Selling your house for less than what is owed on the mortgage is known as a short sale. This requires the lender's approval, and all of the sale's proceeds will go to the lender.
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The complete question is -
By 2015, the foreclosure rate was down by 20%. The metropolitan statistical areas showing the highest percentage of improvement included all of the following EXCEPT
A) Los Angeles.
B) Miami.
C) Washington, D.C.
D) Atlanta.
Washington, D.C.
Answer:
The answers are:
- continuous reinforcement
- partial reinforcement
Explanation:
Continuous reinforcement regularly affects behavior. In this type of reinforcement schedule, every desired or correct response is reinforced or rewarded every single time.
Partial reinforcement occurs only at certain intervals of time (e.g. weekly).
Answer:
Explanation:
The journal entries are shown below:
1. Retained earnings A/c Dr $59,680
To Dividend payable A/c $59,680
(Being the declaration of the cash dividend is recorded)
The computation is shown below:
= Preferred stock × cash dividend percentage + common stock shares × cash dividend per share
= $128,000 × 6% + 52,000 shares + $1
= $7,680 + $52,000
= $59,680
2. Dividend payable A/c Dr $59,680
To Cash A/c $59,680
(Being the dividend is paid for cash)
Answer:
The amount of expenses reported for the period is $1,200
Explanation:
For computing the amount of expense, we have to apply the formula which is shown below:
Ending retained earning balance = Beginning retained earning balance + revenues earned - cash dividend paid - expenses incurred
$1,400 = $650 + $2,500 - $550 - expenses incurred
$1,400 = $2,600 - expenses incurred
So, the expenses incurred would be
= $2,600 - $1,400
= $1,200
