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valina [46]
3 years ago
13

A real estate broker has a computerized loan origination (CLO) terminal in her office. Because there are more than a dozen lendi

ng institutions in the city, the broker has found that the CLO greatly streamlines the application process for her clients. She sits down at the terminal with a homebuyer and these three events take place:
1. The broker explains that there is a fee for using the terminal of one-half point, based on the loan amount, and that the homebuyer may choose to finance the fee.
2. The broker explains only the different kinds of services offered by the two local lenders who pay her a monthly screen fee to be included on the CLO system.
3. The broker helps the homeowner answer the on-screen qualification questions.

Which of these events is an improper use of a CLO system?

a. 1 only
b. 2 only
c. 2 and 3
d. 1
Business
1 answer:
pashok25 [27]3 years ago
7 0

Answer:

d because d is the best answe

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Hammerhead Inc. uses practical capacity as the denominator to set the cost of supplying capacity and for the current period the
bogdanovich [222]

Answer:

the value of the manufacturing resources not used is $252,000

Explanation:

The computation of the value of the manufacturing resources not used is shown below

= (practical capacity - number of units produced) ×  budgeted cost per unit of supplying capacity

= (10,000 units - 4,000 units) × $42

= 6,000 units × $42

= $252,000

Hence, the value of the manufacturing resources not used is $252,000

7 0
3 years ago
An aging of Bicycle Company's accounts receivable indicates that $20,000 is estimated to be uncollectible. If Allowance for Doub
V125BC [204]

Answer:

The adjustment to record bad debts for the period will be:

Debit Bad debt expense ($20,000 - $3,000)                    $17,000

Credit Allowance for doubtful accounts                            $17,000

<em>(Bad debt expense required)</em>

Explanation:

Bicylce Company adopts the aging of accounts receivable method. The aging of accounts receivable is a criterion for apportioning the balance in the accounts receivable into different buckets (aging), for example: Not due, 1 - 30 days, 30 - 60 days, over 60 days, based on historical information and assigning a credit loss percentage to each bucket.

Since the Allowance for Doubtful Accounts has a $3,000 credit, to calculate the required bad debt expense, we need to back out this amount from the amount that is deemed uncollectible, that is $20,000 - $3,000 = $17,000.

4 0
3 years ago
18. Acidic foods, such as tomatoes or wine, are important in a braise to
Ksivusya [100]

A. thicken the sauce.

Acidic foods, such as tomatoes or wine, are important in a braise to thicken the sauce.

5 0
3 years ago
Read 2 more answers
A potential CB project has the following cash flows: CF0 = -$500, CF1 = $300, CF2 = $200, CF3 = $150. WACC = 6%. Compute the fol
lisov135 [29]

Answer:

A. 2 years

B. 86.96

C. 16.46%

Explanation:

Payback period calculates the amount of time taken to recoup the initial investment made on a project.

The net present value substracts the present value of tax adjusted cash flows from the amount invested in the project.

Using the financial calculator to find the NPV:

Cash flow for year 0 = -500

Cash flow for year 1 = 300

Cash flow for year 2 = 200

Cash flow for year 3 = 150

Interest rate = 6%

NPV = $86.96

Internal rate of return is the discount rate that equates the tax adjusted cash flows from a project to the original amount invested.

Using the financial calculator to find the NPV:

Cash flow for year 0 = -500

Cash flow for year 1 = 300

Cash flow for year 2 = 200

Cash flow for year 3 = 150

Interest rate = 6%

IRR = 16.46%

4 0
3 years ago
Sanibel Autos Inc. merged with its competitor Vroom Autos Inc. This allowed Sanibel Autos to use its technological competencies
Nimfa-mama [501]

Answer:

Horizontal integration

Explanation:

Integration is a strategy used by businesses to gain a better market share. It involves cooperating with other business owners to increase sales for both parties.

Horizontal integration is when businesses bate the same level in the value chain collaborate to increase profits.

In the give scenario Sanibel Autos Inc. merged with its competitor Vroom Autos Inc, and Sanibel Autos to use its technological competencies along with Vroom Autos' marketing capabilities to capture a larger market share.

The stage of value chain is when businesses prospect for customers. This interpretation enables them gain more customers.

8 0
3 years ago
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