1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Darya [45]
3 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]3 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

You might be interested in
Assume that there are two nations, alpha and beta. each nation produces two products, wheat and steel. alpha has a comparative a
Klio2033 [76]

If the two nations trade, the trade price of wheat in terms of steel will be "greater than the domestic opportunity cost of wheat in alpha and less than the domestic opportunity cost of wheat in beta".

Opportunity cost speaks to the advantages an individual, financial specialist or business misses out while picking one option over another. While financial reports don't demonstrate opportunity cost, entrepreneurs can utilize it to settle on wise choices when they have different choices available to them.

8 0
4 years ago
reventive action ____________. a. realigns the performance of the project work with the project management plan b. seeks to ensu
torisob [31]

Answer:

The correct answer is letter "B": seeks to ensure the future performance of the project work is aligned with the project management plan.

Explanation:

Preventive actions are defined as those that aim to mitigate risks inherent in the operations of a business. Preventive actions lead to entities creating contingency plans that allow them to have certain strategies in front of unexpected situations that could harm the firm's operations.

<em>The project risk management plan is the reference that prevention actions take at the moment of recognizing the set of activities that should be followed to ensure the optimal future performance of a project.</em>

8 0
3 years ago
The capital account records Question 2 options:
Paraphin [41]

Answer:

c. transactions involving foreign investment in the United States and U.S investment abroad.

Explanation:

The capital account provides the record of foreign investment transactions occurring between a country and another country. It gives an idea of money coming in and out of the state. A surplus in the capital account record is indicative of the inflow of money in the country, while a deficit indicates the loss of money.

Debt accrued by a country, banking, loans and investment are all reflected in the capital account record. So, for a person to determine a nations assets and liabilities, the capital account would provide an accurate insight to that information.

3 0
3 years ago
Michael receives a monthly salary of $2500 plus a commission of 2% of total orders written. If his orders for the month were $34
Bumek [7]

Answer:

$3,180

Explanation:

Monthly salary would be the base salary = $2500

Since he would earn 2% of all orders, calculate the dollar value of the commission when total orders amount to $34000;

Commission = 2% *34000 = $680

His total pay would be calculated by adding the base salary to the commission amount;

Total pay = base salary + commission

Total pay = $2500 + $680

Total pay = $3,180

7 0
3 years ago
Question Mode Multiple Choice Question In a ______, members of the channel pursue their own goals and maximize their own profits
joja [24]

Answer:

b. Warehouses

c. Stores

4 0
3 years ago
Other questions:
  • On July 10, Pet Supply Store orders fifty small dog collars from Quality Collars, Inc. to be delivered by July 15. On July 13, Q
    9·2 answers
  • Karen’s monthly cell phone bill is $75. What type of budget item would her cell phone bill be?
    11·2 answers
  • IM.72 The Candy Shack has a monthly demand of 150 bags of Watermelon Slices. They pay $10.97 for each box of candy which contain
    10·1 answer
  • Thomas Malthus’s predictions turned out to be wrong due to:
    14·1 answer
  • Which statement best describes how the International Ethics Standards Board for Accountants' (IESBA) Code impacts the U.S. accou
    11·1 answer
  • The purpose of insurance is to..
    8·2 answers
  • Under the classic gold standard, if prices began rising in the U.S.a.the dollar value of the pound would riseb.the dollar value
    8·1 answer
  • There is no nation involved in global trade that still maintains a fixed value of their currency relative to a key currency or g
    15·1 answer
  • The number and characteristics of sellers and buyers are known as _____.
    12·1 answer
  • uppose the government wants to limit imports of a certain good. Is it preferable to use an import quota or a​ tariff? Why? A.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!