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ioda
2 years ago
8

For a conventional, conforming loan, the borrower is making a down payment of 12%. The seller wishes to contribute to closing co

sts for the transaction. What is the most that the seller can contribute
Business
1 answer:
maxonik [38]2 years ago
5 0

In such a scenario, the most the seller can contribute to the closing costs is up to<u> 6%. </u>

<h3>When can seller contribute to closing costs?</h3>
  • The borrower must make a down payment of an amount between 10% and 24.9%.
  • The loan must be conforming.

As the down payment of 12% falls within the 10% and 24.9% range, the seller can make a contribution of up to 6% should they please.

In conclusion, they can contribute 6%.

Find out more on conventional loans at brainly.com/question/1130069.

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Q: In about 200 words, write an essay analyzing the STEEPLE Module .
Kaylis [27]

The STEEPLE model is a very complete model that can be used to analyze the factors that affect a specific situation.

<h3>What is the STEEPLE model?</h3>

This is an analysis model in which each letter represents a factor to be analyzed:

  • Social
  • Technology
  • Economic
  • Environmental
  • Political
  • Legal
  • Ethical

<h3>What is an example of this model?</h3>

Let's analyze a war between two countries:

  • Social: The families are negatively affected by the war.
  • Technology: Weapons and other technologies are used as part of the war.
  • Economic: The economy of the countries involved and other nearby countries can be negatively or positively affected.
  • Environmental: There is pollution due to waste derived from weapons.
  • Political: Most wars are the result of political conflicts.
  • Legal: There are specific international rules that regulate wars.
  • Ethical: The use of weapons against a population rises ethical concerns and dilemmas.

Learn more about analysis in: brainly.com/question/5040600

4 0
2 years ago
6. On February 1, Ann sends Bob a letter offering to employ Bob at Ann’s auto dealership. On February 5, Bob mails Ann a letter
Radda [10]

Answer: A Contract was formed on February 5th

Explanation:

The contract was formed the very day that Bob mailed Ann his acceptance which was on the 5th of February.

Ann attempted to revoke the acceptance too late as she did it a day after he had emailed his acceptance even though she only received it on the 7th.

The date she received the acceptance is of no consequence because this falls under the Posting Rule. This rule in Common Law countries essentially states an agreement is made as soon as the letter is posted even if it never gets to it's destination.

6 0
3 years ago
The following accounts were taken from the Adjusted Trial Balance columns of the work sheet: Accumulated Depreciation $3,200 Fee
koban [17]

Answer:

$12,100

Explanation:

Data provided;

Accumulated Depreciation = $3,200

Fees Earned = $17,400

Depreciation expense = $1,300

Insurance Expense = $200

Prepaid Insurance = $4,800

Supplies = $900

Supplies Expense = $3,800

Now,

The Net income

= Fees Earned - Depreciation Expense - Insurance Expense - Supplies Expense

= $17,400 - $1,300 - $200 - $3,800

= $12,100

5 0
3 years ago
The value of what a Canadian-owned Tim Hortons produces in South Korea is included in the Canadian ________ and the South Korean
Illusion [34]

Answer: GNP; GDP

Explanation:

<em>The value of what a Canadian-owned Tim Hortons produces in South Korea is included in the Canadian </em><em><u>GNP </u></em><em>and the South Korean </em><em><u>GDP</u></em><em>. </em>

Gross National Product refers to the total amount of domestic production and foreign production that can be attributed to the residents of a nation.

This means that GNP includes the GDP and income earned by residents of the country in other countries but less the income earned by foreigners in the country. For Canada therefore, the value of goods produced by the Canadian company in South Korea will be added to the GNP.

Gross Domestic Product (GDP) on the other hand is simply the total final value of goods and services produced in a country regardless of if it was foreigners or residents doing the production. The value of what a Canadian-owned Tim Hortons produces in South Korea is therefore included in South Korea's GDP.

7 0
2 years ago
If a manager rates an employee higher than he or she deserves in order to look good as a manager in the eyes of his or her own s
Reika [66]

Answer:

b.

Explanation:

Based on the information provided within the question it can be said that this scenario best illustrates the concept known as organizational politics. This refers to self-serving behaviors that individuals within a company use in order to increase the likely-hood of obtaining positive results in an organization. Which is what would happen if a manager rates an employee higher, they would end up looking like a good manager that is doing their job correctly because the employees are performing efficiently.

4 0
3 years ago
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