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nirvana33 [79]
3 years ago
13

A lender offers an investor a maximum 85% LTV loan on the appraised value of a property. If the investor pays $160,000 for the p

roperty how much will the investor have to pay as a down payment
Business
1 answer:
svetlana [45]3 years ago
6 0

Answer:

the amount that have to pay as a down payment is $24,000

Explanation:

The computation of the down payment is as follows;

Loan = LTV ratio × price

And, the down payment is

= Price - loan

So, the loan is

= 85% × $160,000

= $136,000

Now the down payment is

= $160,000 - $136,000

= $24,000

Hence, the amount that have to pay as a down payment is $24,000

You might be interested in
The power to grant or withhold budget requests of agencies may be one of ________ most potent weapon in controlling the bureaucr
skad [1K]

Answer:

_Congress's_

Explanation:

The power to grant or withhold budget requests of agencies may be one of __Congress's______ most potent weapon in controlling the bureaucracy.

It the Congress who is responsible for the the budget allocation and distribution for the agencies according to The american constitution. This how they control the bureaucracy.  

6 0
3 years ago
Uniform Supply accepted a $12,000, 90-day, 7% note from Tracy Janitorial on October 17. What entry should Uniform Supply make on
Zielflug [23.3K]

Answer:

- Credit (decrease) cash account (112): $12,207

- Debit (decrease) loan account (341): $12,000

- Debit (increase) interest expenses (635): $207

Explanation:

The interest occurred = $12000*7%/365*90=$207

The note to be paid = $12,000

Total paid out: $12,207

If Uniform Supply use cash to pay off the note then the entries include:

- Credit (decrease) cash (112): $12,207

- Debit (decrease) loan account (341): $12,000

- Debit (increase) interest expenses (635): $207

6 0
3 years ago
Woody Corp. had taxable income of $8,000 in the current year. The amount of MACRS depreciation was $3,000, while the amount of d
Andrew [12]

Answer:

Option C $10,000

Explanation:

Taxable income is $8000 and the tax allowable depreciation (MACRS) is $3000. To arrive at accounting income we have to deduct Tax allowable depreciation from the taxable income and add the accounting depreciation which is $1000.

This implies:

Accounting profit = Taxable Income + Tax allowable depreciation - Tax disallowed expense + Tax disallowed income

By putting values we have:

Accounting profit = $8000 + $3000 - $1000 = $10,000

8 0
3 years ago
The process used to accomplish organizational goals through planning, organizing, leading, and controlling people and other orga
klio [65]

Answer:

Management

Explanation:

Management is an important part of the business organization. It focuses on manages the activities of the business organization. There are mainly five managerial functions that help the organization to run in a smooth manner and accomplish its goals and objectives in an efficient and effective manner.  

The five managerial functions are planning, organizing, directing, controlling and the staffing, Each one is played an important role while managing the business activities.  

Hence, the most appropriate word is management

5 0
3 years ago
Sandra is hired by a sparkling water manufacturer. Her primary function at the company is transforming resources into goods and
marshall27 [118]

Sandra is involved in production.

Production can be described as the process of transforming or converting resources into goods and services.

In any organization, the depart that is in charge of production is the production or operation department.

Therefore, Sandra is involved in production.

The reason is that the transformation of resources into goods and services is her key job role at the company.

Learn more here: brainly.com/question/1462114.

4 0
2 years ago
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