In the field of organizational behavior, organizations are described as

A mortgage of $80,000 with 2 points means the borrower would have to pay at closing $800. Group startsTrue or FalseTrue, unselec

zavuch27 [327]

A mortgage of $80,000 with 2 points means the borrower would have to pay at closing $800 is false because the real pay at closing is $1,600.

<h3>What is mortgage?</h3>

A mortgage is a loan that is used to buy or to maintain a land, home, or other sort of real estate.

The borrower checks to refund the lender over a period of time, usually in an ordination of regular installments divided into principal and interest. The property is used as security for the loan.

According to the given information,

Mortgage Amount = $80,000

Points = 2

Let the 2 points is taken as a percentage:

Point 1 = 1%, and

Point 2 = 2%

Now, as we know that in the loan process, the amount of point is cyphered at the closing. Then, the closing cost is commuted as:

$\text{Closing Cost Amount} =\text{Mortgage} \times \text{Points}\\\\\text{Closing Cost Amount} =$80,000 \times 2\%\\\\\text{Closing Cost Amount} =\$1,600$

Therefore, the given problem is false, that the borrower have to pay $800, he would have to pay only $1,600.

Learn more about the mortgage, refer to:

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3 0

2 years ago

The ending inventory of finished goods has a total cost of $9,000 and consists of 600 units. If

horsena [70]

Answer:

B. $2,000

Explanation:

Given;

Total cost of ending inventory = $9,000

Total number of units = 600

Over heads cost = $3,000 and the overhead rate is 75% of direct labor

Let direct labour cost be y

75% × y = 3000

3y/4 = 3000

y = 4 × 3000/3

y = $4,000

Total Inventory cost = direct material cost + direct labour cost + overheads

9000 = direct material cost + 4000 + 3000

direct material cost = 9000 - 7000

= $2,000

8 0

4 years ago

Swifty Company purchased a delivery truck for $26,000 on January 1, 2020. The truck has an expected salvage value of $1,000, and

Olegator [25]

Answer:

$0.25 per mile

Explanation:

The computation of the depreciation expense per mile under units-of-activity method is shown below;

= (Purchase cost - expected salvage value) ÷ estimated driven miles

= ($26,000 - $1,000) ÷ 100,000 miles

= $0.25 per mile

Hence, the depreciation expense per mile under units-of-activity method is $0.25 per mile

4 0

3 years ago

Intelligent Tool Corp. is planning to set up a production plant abroad. It has selected five potential countries based on their

Marysya12 [62]

Answer:

Country B, where education is well-developed and social stratification is lacking.

Explanation:

As in country B people are well educated they understand the concept of advancement and growth. As there is no social stratification people are not biased or do not perform racism.

Accordingly, the people in that country will contribute actively and participate actively in the process of production. As people are well versed with education, they will readily accept the change of growth.

It is expected from them to perform better than any other country, as because of positive standards of the country.

7 0

4 years ago

n the context of competing in the global economy, globalization suggests that: a. an organization's nationality is held strongly

Debora [2.8K]

Answer:

d. the world is free from national boundaries and is borderless

Explanation:

Globalisation is defined as the increase in connectivity between different nations as a result of increased volume of trade and culture exchange that occurs between the nations.

Such increase in inter connectivity leads to a global economy where national borders do not seem to exist.

Globalisation reduces the cumbersome process of having to pay various charges when transacting between countires

8 0

3 years ago