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Darya [45]
2 years ago
14

Were all loan proceeds used to purchase, build, or improve the home secured by this loan?.

Business
1 answer:
8_murik_8 [283]2 years ago
7 0

A loan is usually gotten from a financial institution to solve a financial emergency which was unplanned for.

<h3>What is a Loan?</h3>

This refers to the obtaining of money from a financial institution and a formal agreement is made for the repayment of the money after a given period of time and with interest.

With this in mind, we can see that loan proceeds can be used to:

  • Buy a house
  • Go on a trip, etc

Please note that your question is incomplete so I gave you a general overview to help you get better understanding of the concept.

Read more about loans ere:

brainly.com/question/25239160

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2 years ago
"Davcher, Inc. is considering a project for next year, which will cost $5 million. Davcher plans to use the following combinatio
AfilCa [17]

Based on the U.S. Treasury bond rate, the market return and the beta, Davcher's expected rate of return would be 6.5%.

<h3>What is the expected rate of return?</h3>

Using the Capital Asset Pricing Model (CAPM), the expected rate of return would be:

= Risk free rate + Beta x Market premium

Market premium:

= Market return - risk free rate

= 8% - 3% rate of treasury bonds

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= 3% + 0.70 x 5%

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Find out more on the Capital Asset Pricing Model at brainly.com/question/15851284.

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Technician A says that a spark test should be performed on an engine that will not start. Technician B says that a spark test sh
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3 0
2 years ago
Find the present value of $19,000 in 11 months at 5.1% interest
dem82 [27]

Answer:

$19,886.396

Explanation:

Given :

Interest rate = 5.1% = 5.1

Principal = $19000

Period = 11 months = (11/12)year

The present value of 19000 in 11 months at 5.1% interest Can be obtained using the relation:

PV = P(1 + r)^n

PV = 19000(1 + 0.051)^(11/12)

PV = 19000(1.051)^(11/12)

PV = 19000 * 1.0466524

PV = 19886.396

Hence, the present value is $19,886.396

5 0
3 years ago
A company incurs costs of $38 per unit ($27 variable and $11 fixed) to make a product that normally sells for $56. A wholesaler
Vladimir79 [104]

Answer:

It should accept the special order at the price of $36 as the total marginal cost will be $28.5 (27 variable cost + 1.15 shipping cost).

Explanation:

Special orders are accepted only if marginal revenue increases the marginal cost. Marginal cost is the total cost incurred to fulfill any order.

In the given scenario, since the Company already has adequate capacity and it will not incur any additional fixed cost, therefore the order can be accepted by taking variable cost in to consideration.

Marginal Revenue               36

Less: Marginal Cost

Variable Cost                      (27)

Shipping Cost                   <u> (1.15)</u>

Total Profit from Order   <u> 7.85</u>

4 0
3 years ago
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