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Simora [160]
3 years ago
13

Alex applies for a home loan. The bank asks him to furnish a document as residential proof for processing the loan. Which docume

nt should he provide to facilitate the loan process?
A. paystub
B. personal account register
C. bank reconciliation statement
D. social security card
Business
2 answers:
djverab [1.8K]3 years ago
7 0

I think the awnser is C but i'm not for sure or it could be D but i'm going to go with C and if that's not the awnser then it's D

klio [65]3 years ago
5 0

When you are asked to furnish something, you are being asked to provide something that is needed. Furnishing is another word for filling a need with no limit as to what the need is. When you are furnishing a loan document for a home, a paystub is needed so that they can have proof of where you work, live and what you make to see if you qualify for the loan and at what interest rate. The correct answer is: A. Paystub.

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Sales-Oriented Pricing objective

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Sales-oriented pricing objective focuses on increasing sales and gaining a greater market share.

This strategy prioritizes increasing sales over increasing profits, and it can be achieved by cutting costs and reducing prices to attract more customers.

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The In ternet is a worldwide communications network. Which device connects computer networks and computer fa cilit ies? The Inte
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On January ​1, 2018​, the Cook​'s Restaurant decides to invest in Lake Topsey bonds. The bonds mature on December​ 31, 2021​, an
charle [14.2K]

Answer and Explanation:

The Journal Entry is shown below:-

Investment in bonds is at face value, no question about discount or premium.

Investment is rendered from the time the bonds mature before 2023. Hence, it is an investment as Working for Profit "Held until maturity"

Jan 1, 2018

Bonds receivables  Dr, $140,000

      To Cash  $140,000

(Being Investment in bonds is recorded)

30 June 2018

Cash Dr, $2,400

       To interest income $2,400

(Being six months interest received is recorded)

31 Dec 2018

3. Cash Dr, $2,400

       To interest income $2,400

(Being six months interest received is recorded)

Working note:-

Bond Value                         $140,000

Interest rate                          4%  

Interest earned half

yearly, effective rate

(4% × 6 ÷ 12)                            2%

Half Yearly interest amount

($140,000 × 2%)                     $2,800

3 0
3 years ago
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6 0
3 years ago
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A furnace repair team services a design capacity of 6 furnaces per day with an effective capacity of 5 furnaces per day. What is
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Answer:

66.7%

Explanation:

Given that,

Design capacity = 6 furnaces per day

Effective capacity = 5 furnaces per day

Efficiency ratio if it repairs an average of 4 furnaces per day:

= (Actual capacity ÷ Possible capacity) × 100

= (4 per day ÷ 6 per day) × 100

= 0.667 × 100

= 66.7%

Therefore, the efficiency ratio is 66.7 percent.

6 0
3 years ago
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