1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
marysya [2.9K]
3 years ago
14

Anderson Mortgage Company has decided to outsource its loan processing activities to Total Processing, Inc. Pursuant to their ag

reement, Anderson pays Total $300 per file when the loan closes and nothing for files that do not close. Is this a violation of RESPA?
Business
1 answer:
SpyIntel [72]3 years ago
3 0

Answer: No, it is not a violation of RESPA

Explanation:

No, the scenario in this question is not a violation of the RESPA conduct because there is no penalization if an organization pays an individual for the  services performed.  The RESPA violations of bribery, referrals, and the fee splitting proscription are therefore subject to the severe penalties which further includes fines and imprisonment.

You might be interested in
Mercury Company sells tickets in advance for its weekly productions and records the proceeds as Unearned Revenue. At the end of
sattari [20]

Answer:I did the calculations and i believe i got it right.

Explanation:

Mercury sold 500 tickets at $40 a piece, okay, still with me, good. Yet, only 450 tickets were used during the month. What that mean is to minus 50 tickets. 50 multiplied by $40 is $2000. 500 multiplied by $40 equals to $20000. $20000 minus $2000 is equaled to $18000. They also had a Unearned Revenue account that had a credit balance of $5000. So, that means they should be in "debt." They should have $-15000. Add $2000, it is equaled to $-13000. So it should be $-13000. If wrong, i'm sorry.

8 0
3 years ago
Miser Materials paid $27,500 in dividends and $28,311 in interest over the past year while net working capital increased from $1
Maksim231197 [3]

Answer:

Cash flow from assets = $51,800

Explanation:

Cash flow from assets = Cash flow to Creditors + Cash flow to Shareholders

Cash flow to creditors = Interest Paid – (New loans taken – Paid Loans)

                                     = $28,311 - ($0 - $21,000)

                                     = $28,311 + $21,000

                                      = $49,311

Cash flow to shareholders = Dividends paid – Net new equity

                                            = $27,500 – $25,000

                                            = $2,500

Cash flow from assets = $49,311 + $2,500 = $51,811

6 0
3 years ago
RTP Corp. is developing a new computer processor to compete against Intel's successful product
Alenkinab [10]

Answer: Target Costing

Explanation:

Target Costing is a method of costing on a product done while it's still being produced to determine the best price at which the product can be sold that would be able to compete with price of other similar products in the market and still make profit for the company.

RTP Corp needs to apply target costing for it's new computer processor in order for it to be profitable and beat the price of other processors in the market.

6 0
3 years ago
Is defined as information containing? patterns, relationships, and trends of various forms of data?
DerKrebs [107]
Business Intelligence. Business intelligence is a broad term that covers basically any information in any format that may be relevant to business strategies. This can include, transaction info, product info, trends, app statistics and so much more. 
4 0
3 years ago
TIME REMAINING
Otrada [13]

Answer:

based on the economics , the one that should be the most influential in making the decisions is : the value of resources The value of resources refer the one's capability in spending their resource to get what they want. An entity with low amount of resources , tend to be more careful about how they spent their resource Hope this helps. Let me know if you need additional help!

Explanation:

3 0
3 years ago
Other questions:
  • January budgeted selling and administrative expenses for the retail shoe store that Craig Shea plans to open on January 1, year
    13·1 answer
  • In the week about to begin, a bank expects $30 million in incoming deposits, $20 million in deposit withdrawals, $15 million in
    5·1 answer
  • John would like to move from the suburbs into the city, but the rent in the city is very high . John ha found an apartment he re
    14·1 answer
  • How to succeed in business?
    9·1 answer
  • The Miller Company earned $133,000 of revenue on account during Year 2. There was no beginning balance in the accounts receivabl
    14·1 answer
  • Which practice should you follow while interfacing with customers?
    12·2 answers
  • The supply curve for watches
    13·1 answer
  • Capital market securities have short-term maturities with less than one year and therefore can be sold for cash quickly and easi
    5·1 answer
  • Match each component of a mortgage with its definition.
    11·1 answer
  • At Mighty-Tuf Industrial Products Group, 30 percent of its employees are neither a citizen of the parent company nation nor the
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!