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Sergio [31]
3 years ago
7

Maury and Bev have saved all their lives and they have been able to pay off their mortgage on their home. Bev is getting elderly

and frail and Maury needs to put her into a nursing home where they can give her round-the-clock care. Maury intends to finance this arrangement by getting a loan where the lender makes payments to the homeowner each month, based on accumulated equity. What type of loan does Maury want to get?
Business
1 answer:
klemol [59]3 years ago
6 0

Answer:

Reverse Mortgage Loan

Explanation:

Banks allow older people above the age of 62 to use their home's value to obtain a reverse mortgage loan.  The bank values the home and extends credit facilities to its elderly owners. The loan amount is usually a part of the home's value and is paid as a lump sum or fixed monthly payments.

Maury wants to apply for a reverse mortgage loan. He will use the value of their home to obtain a credit facility to care for Bev. Maury does not need to repay the loan. The bank will recover its money by selling the house once the couple dies or relocates.

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Suppose a professional basketball game is to be played at a suburban arena, which increases demand for parking on the night of t
marta [7]

Answer:

A. the supply of parking will be more elastic and the price of parking will increase by a relatively large amount the night of the game.

4 0
4 years ago
Which would be an example of a retailer capitalizing on product width?
olasank [31]

Answer:

A convenience store that sells milk, beer, lottery tickets, snacks, and flashlights

Explanation:

Product width is an aspect of overall product mix, or the products a company offers. Think of product width as categories- if they offer a lot of different categories of items they are using <u>more product width</u>.  If they offer a lot of products in one type (health &beauty, local produce, types of pants, etc) this is known as product <em>length</em>.

Width is the number of categories, length is the number of items in each category.

7 0
3 years ago
Suppose that the global crude oil price has risen due to refinery breakdowns caused by middle-east politics and warfare. Crude o
Sergeu [11.5K]

Answer:

"Definitely increase" is the correct approach.

Explanation:

  • As fuel demand rises, consumption exceeds the amount, as manufacturers are unable to cope with either the surge in demand whenever the profit margin is still rising.
  • We could perhaps state precisely that consumption overtakes the output of petrol or the curve of availability to that same right as well as would therefore be at that same greater degree.

Thus the above is the correct answer.

8 0
3 years ago
You were recently promoted to the head of the machine shop. As you start to look around, you notice that there are many machines
galina1969 [7]

Answer:

Here we can use a approach which is know as 5 S PLUS 1 S.

Explanation:

This approach of 5 S PLUS 1 S means sort, set in order, shine, standardize,sustain and safety, this is a very common method that corporations uses to increase both their efficiency and productivity with decreasing the wastage of materials.

In this organization workplace method, we start with sorting out all the unnecessary material that we don't need  and then we start organizing the workplace, as it is important to keep all the inventories and other useful materials or tools properly and then comes the step of keeping useful stuff tidier and would help in maintaining a certain level of standard in the production and by keeping doing all these things an organization can maintain sustainability and keep the company free from any hazards.

7 0
3 years ago
A rise in the foreign interest rate will Group of answer choices
Margaret [11]

Answer:

raise the value of foreign‑currency put options and lower the value of foreign‑currency call options

Explanation:

Options are the ability of an investor to buy or sell an asset. A call option is the choice to buy an asset at a particular price on or before a particular date.

A put option is the choice to sell an asset on or before a particular date.

As foreign interest rate increases and exchange rate is constant, the value of the foreign currency decreases therefore resulting in a decrease in value of call options.

This also results in an increase in value of put options

4 0
3 years ago
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