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3 years ago

Which loan created a habit where the borrower kept coming back to request an extension?

Business

1 answer:

Anna35 [415]3 years ago

4 0

Answer:

Extension proposals are not rare because of the buyer's perspective of bridging finance as well as the explanations for both the requirements can indeed be broad. The much more common explanations are.

Explanation:

It has required longer than planned to secure planning approvals.
When a transaction has been negotiated, the borrower awaits an exchange of contracts.
Additional resources as well as time are needed by the creditor to accomplish his project.
Refurbishment analysis was suddenly postponed.
Before actually refinancing the debt, the creditor waits for something like a new lender to conclude his thorough research.
Throughout the final moment, the buyer of the creditor's property backs out, causing the borrower to bring the estate back into the marketplace.
Throughout the last minute, the previous buyer refinancing the property backs out, obliging the creditor to find some mortgage company.

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Net income was $450,000. Beginning and ending stockholders' equity was $4,000,000 and $4,800,000, respectively. Beginning total

Blababa [14]

Answer:

The correct answer is B. 7.143 %.

Explanation:

Return on assets is a profitability ratio that provides how much profit a company is able to generate from its assets. In other words, return on assets (ROA) measures how efficient a company's management is in generating earnings from their economic resources or assets on their balance sheet. ROA is shown as a percentage, and the higher the number, the more efficient a company's management is at managing its balance sheet to generate income.

The formula to calculate it is given below.

ROA = Net Income/Average total asset * 100

= 450,000/ 6,300,000*

= 7.14 %

*= (6,000,000 + 6,300,000)/2

7 0

3 years ago

Your parents have accumulated a $120,000 nest egg. They have been planning to use this money to pay college costs to be incurred

mafiozo [28]

Answer and Explanation:

The computation is shown below:

a. For computing the number of money required at the end of four years first we need to find out the present value i.e to be shown in the attachment

Given that,

Future value = $0

Rate of interest = 7%

NPER = 4 years

PMT = $10,000

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after applying this, the present value is $33,872.11

Now the net nest egg is

= $120,000 - $33,000 - $33,872.11

= $53,127.89

Now the future value is

= Present value × (1 + interest rate)^number of years

= $53,127.89 × (1 + 0.07)^4

= $69,639.83

b. Now to find out the number of years required to stay in school we need to use the NPER formula i.e be to shown in the attachment

Given that,

Present value = $69,639.83

Future value = $0

Rate of interest = 7%

PMT = $24,060

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after applying this, the answer would be 3.35 years

6 0

4 years ago

Susan Daniels works for an event management company and is discontent with her job because she was passed over for a promotion.

Verdich [7]

Answer:

The correct answer is Voice.

Explanation:

Taking into account the framework of exit, voice, loyalty and negligence, voice means directly raising comments on a particular situation that influences within the work team, so that superiors are aware of situations and can ask themselves solutions for the benefit of all.

4 0

4 years ago

On May 27, Hydro Clothing Inc. reacquired 65,000 shares of its common stock at $6 per share. On August 3, Hydro Clothing sold 48

Musya8 [376]

Answer:

May 27

Dr Treasury Stock $390,000

Cr Cash $390,000

Aug. 3

Dr Cash $432,000

Cr Treasury Stock $288,000

Cr Paid-In Capital from Sale of Treasury Stock $144,000

Nov. 14

Dr Cash $85,000

Dr Paid-In Capital from Sale of

Treasury Stock $17,000

Cr Treasury Stock $102,000

Explanation:

Preparation of the journal entries of May 27, August 3, and November 14.

May 27

Dr Treasury Stock $390,000

(65,000 shares × $6)

Cr Cash $390,000

Aug. 3

Dr Cash $432,000

(48,000 shares × $9)

Cr Treasury Stock $288,000

(48,000 shares × $6)

Cr Paid-In Capital from Sale of Treasury Stock $144,000

[48,000 shares × ($9– $6)]

Nov. 14

Dr Cash $85,000

(17,000 shares × $5)

Dr Paid-In Capital from Sale of

Treasury Stock $17,000

[17,000 shares × ($6 – $5)]

Cr Treasury Stock $102,000

(17,000 shares *$6)

(65,000 shares-48,000 shares=17,000 shares )

7 0

3 years ago

Which Response core capability includes delivering essential commodities, equipment, and services in support of impacted communi

Tanya [424]

Answer: the correct answer is A. Logistics and Supply Chain Management

Explanation:

Logistics and Supply Chain Management has to do with delivering and managing essential commodities, equipment, and services whether it is in an emergency or a routine operation in a company.

6 0

4 years ago

Read 2 more answers