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Burka [1]
3 years ago
13

What type of mortgage loan allows a borrower who has an existing loan to get another loan from a second lender without paying of

f the first loan
Business
1 answer:
Marina CMI [18]3 years ago
5 0

Answer:

A second mortgage or junior-lien

Explanation:

A second mortgage or junior-lien is a loan you take out using your house as collateral while you still have another loan secured by your house. Home equity loans and home equity lines of credit (HELOCs) are common examples of second mortgages.

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You pay $21,600 to a mutual fund, which has a NAV of $18 per share at the beginning of the year. The fund deducted a front-end l
Tomtit [17]

Answer:

4.23%

Explanation:

For computing the rate of return on the fund, we need to do following calculations

1. The fund after deducting the front-end load is

= $21,600 - $21,600 × 4%

= $21,600 - $864

= $20,736

2. Now number of bought is

= $20,736 ÷ $18 per share

= $1,152

3. The closed NAV is

= $18 + $18 × 10%

= $18 + $.8

= $19.8

4. So, the end year asset value is

= Closed NAV × number of shares bought

= $19.8 × 1,152

= $22,809.60

5. Now the year end investment value after considering the expense ratio is

= $22,809.60 × (1 - 1.3%)

= $22,513.0752

6. Now the rate of the return is

= ($22,513.0752 - $21,600) ÷ ($21,600)

= 4.23%

8 0
4 years ago
American Chemical Company manufactures a chemical compound that is sold for $52 per gallon. A new variant of the chemical has be
Leona [35]

Answer:

a. The total profit would be positively affected as it increases

Explanation:

1. We calculate the value of revenue per 8000 gallons with the initial chemical compound and processed into the new variant

Revenue Initial Chemical Compound= 8000 gallons X ($52/gallon)

Revenue Initial Chemical Compound=<em><u> $ 416.000</u></em>

Revenue Chemical compound processed into the new variant=8000 gallons X ($83/gallon)

Revenue Chemical compound  processed into the new variant= <u><em>$ 664.000</em></u>

2. If we consider that the other production costs will be the same for the two chemical compounds, then the only difference will be the processing cost to refine the basic compound into the new variant. For this reason, we substract only the value of processing the basic compound into the new variant for the revenue of this.

<u><em>$ 664.000 - $160.000= $504.000</em></u>

3. The benefit values for each case are:

Initial Chemical Compound: $416.000

Chemical compound  processed into the new variant: $504.000

In conclusion, greater benefit is obtained by processing the basic compound in the new variant than if the basic compound were sold only

3 0
3 years ago
In Germany, one worker can produce one cuckoo clock or one beer mug. In Taiwan, one worker can produce two cuckoo clocks or thre
vichka [17]

The country that has a  comparative advantage in the production of cuckoos is Germany.

The country that has a  comparative advantage in the production of beer mugs is Taiwan.

A country has a comparative advantage in the production of a good if it produces a good at a lower opportunity cost when compared with other countries.

Germany:

Opportunity cost in the production of cuckoo = 1/1 = 1

Opportunity cost in the production of beer mug = 1 /1 = 1

Taiwan:

Opportunity cost in the production of cuckoo = 3/2 = 1.5

Opportunity cost in the production of beer mug = 2/3 = 0.7

A similar question was answered here: brainly.com/question/14822137

5 0
3 years ago
Lee worked on a global team for an American company, and all her work had to be completed in her second language, English. Somet
Sergeu [11.5K]

Answer:

E. Encoding

Explanation:

Communication involves passing and sharing of information to people.

Encoding barrier of communication deals with the receiver of the information having difficulties in understanding the message . This happens when the sender has problems in choosing the appropriate words needed and arranging the words to make it grammatically correct.

Lee was asked to complete her work in English language which was her second language. She wasn’t really conversant with the language which is why her colleagues found it difficult to understand what she wrote.

5 0
3 years ago
Why is the net profit margin expressed as a percentage?
omeli [17]
It's usually expressed as a percentage because the net profit is the remaining revenue after the costs are deducted, it's better to use a percentage to know if you're either making a profit or loss.
6 0
4 years ago
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