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Ugo [173]
3 years ago
10

Greg Hall is a developer who secured a loan for 15 homes he is building. As each home is completed, Greg must be able to give cl

ear title to each purchaser. To keep from having to pay off the whole mortgage before he can sell each parcel, which clause will he need to have in his mortgage document? Release clause Subordination clause Acceleration clause Prepayment Privilege
Business
1 answer:
cupoosta [38]3 years ago
7 0

Answer:

Release clause

Explanation:

A release clause is a word used to describe a stipulation in a mortgage deal. After a proportionate amount of the mortgages has been repaid, the release clause provides for the release of some or all of portion of an estate from a purchaser's claim.

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A single bond with a face value of $1,000 has a stated annual interest rate of 7.6%. The last bond traded on this day was 98.45%
Drupady [299]

The cost of the bond at costing is $984.50.

<h3>What is a bond?</h3>
  • A bond is a type of financial security in which the issuer (the debtor) owes the holder (the creditor) a debt and is obligated to repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified period of time, depending on the terms.
  • Interest is usually paid at regular intervals (semiannual, annual, and less often at other periods).
  • As a result, a bond is a type of loan or IOU.
  • Bonds provide the borrower with external funds to finance long-term investments or, in the case of government bonds, current expenditures.

To determine the cost of the bond at costing:

  • $1,000 is the face value.
  • Multiply this by the closing rate to find the cost of the bond at closing.
  • $1,000 × .9845 = $984.50

Therefore, the cost of the bond at costing is $984.50.

Know more about bonds here:

brainly.com/question/25965295

#SPJ4

7 0
2 years ago
2lm²n³ ÷ 3l³m²n <br><br>please help :)) ​
Anvisha [2.4K]

Answer:

\frac{2}{3} {l}^{ - 2} {m}^{0}  {n}^{2}

{m}^{0}  = 1

8 0
3 years ago
Bottum Corporation, a manufacturing Corporation, has provided data concerning its operations for May. The beginning balance in t
inna [77]

Answer:

the direct material cost is $47,000

Explanation:

The computation of the direct material cost is shown below:

= Opening balance + purchase made - indirect material - closing balance

= $22,500 + $68,000 - $2,500 - $41,000

= $47,000

hence, the direct material cost is $47,000

The same should be considered and relevant too

4 0
3 years ago
When the economy is in short-run equilibrium, Group of answer choices there are increases in inventory. people want to buy more
deff fn [24]

Answer:

total expenditures equal total production.

Explanation:

In the case when the economy is in the short-run equilibrium that means the total expenditures should be equivalent to the total production. In other words, we can say that the expenditure that can be incurred should be equal to the production

Hence, the last option is correct

7 0
3 years ago
Charging high prices to earn large profits during a time when there is little competitionrepresents a ________ strategy:________
Olin [163]

Answer:

Skimming

Explanation:

Price skimming, also known as skim pricing, is a pricing strategy used by those who face little or no competion, what normally happens is that a firm charges a high price and then gradually may need to lowes the price to attract more customers.

Price skimming is used to earn large profits especiallyn when a new product or service is introduced into the market. The pricing strategy is largely useful iwhen the firm is the first to enter the marketplace. The aim of this is to generate the large profit in the shortest time possible.

6 0
4 years ago
Read 2 more answers
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