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
olya-2409 [2.1K]
2 years ago
10

Kristen's current credit score does not qualify her for a conforming conventional loan, but she is eager to purchase a house. Wh

ich lender practice would be the most likely indication of predatory lending? charging points to get a lower interest rate bundling unneeded life insurance premiums into the mortgage requiring a 20% down payment charging a one-point loan origination fee
Business
1 answer:
Over [174]2 years ago
3 0

A lender practice that would be an indication of predatory lending would be bundling unneeded life insurance premiums into the mortgage.

<h3>What is predatory lending?</h3>

This is a practice by some lenders where they loan money to people with low credit worthiness with the intention of making back a lot of money from charging those people outrageous interest rates.

When life insurance premiums that are unnecessary are added to the mortgage, it is done to increase the amount that Kristen will pay back. This is therefore predatory lending.

In conclusion, option B is correct.

Find out more on predatory lending at brainly.com/question/1821936.

You might be interested in
Discount Travel has the following current assets: cash, $102 million; receivables, $94 million; inventory, $182 million; and oth
BARSIC [14]

Answer:

The current ratio is 2.98

Explanation:

total current assets = cash + receivables + inventory + other current assets

                                = $102 million + 94 million + 182 million + 18 million

                                = $396 million

total current liabilities = accounts payable + current portion of long term debt

                                     = $98 million + $35 million

                                     = $133 million

current ratio = current assets/current liabilities

                     = [$396 million]/[$133 million]

                     = 2.98

Therefore, The current ratio is 2.98

6 0
3 years ago
a publisher has orders for 600 copies of a certain text from san francisco and 400 copies from sacramento. the company has 700 c
BaLLatris [955]

The publisher wants to fill both orders at <u>the least cost is $4600</u>

<u></u>

<h3>What is publisher?</h3>

Publishers are establishing a more significant position in the customer journey as customers utilize media content to discover and explore products and brands online. Publishers are implementing ecommerce strategies that place them in a position where they can work with retailers and brands to increase conversions. And marketers are realizing the value of publisher alliances as a method to shorten the funnel.

mostly through affiliate commerce agreements with companies and retailers. However, brand-new content techniques and use cases are appearing, such as those provided by affiliate-driven online marketplaces and social commerce.

mostly through affiliate commerce agreements with companies and retailers. However, brand-new content techniques and use cases are appearing, such as those provided by affiliate-driven online marketplaces and social commerce.

Learn more about Publishers

brainly.com/question/26695020

#SPJ4

3 0
1 year ago
When the demand curve for a good is unit elastic, raising the price of the good by 25 percent will change the revenue of the fir
san4es73 [151]

Answer: 0%

Explanation:

Elasticity measures the change in demand resulting from a change in price. The law of demand holds that when prices increase, quantity demand would decrease and elasticity is meant to show the magnitude of this change.

A unit elastic good means that prices and quantity demanded change by the same amount. This means that for a unit elastic good, if the price change is a 5% increase, the quantity demanded will decrease by 5%.

In terms of revenue, if the price increases by the same amount that quantity demanded decreases, the effects will cancel out so there will be no revenue effect.

4 0
3 years ago
Performance Bike Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31 and a
maw [93]

Answer:

$36,648

Explanation:

age                                      balance     % uncollectible           total

Not past due                   $890,000               3/4%                 $ 6,675

1-30 days past due           $97,900                   2%                   $ 1,958

31-60 days past due         $44,500                   6%                  $2,670

61-90 days past due         $32,000                 16%                  $ 5,120

91-180 days past due         $23,100                40%                 $ 9,240

<u>Over 180 days past due    $16,900                65%                $10,985  </u>

Total                                  $1,104,400                                    $36,648

journal entry should be:

December 31, 202x, bad debt expense

Dr Bad debt expense 36,648

    Cr Allowance for doubtful accounts 36,648

8 0
3 years ago
O’Connell &amp; Co. expects its EBIT to be $83,000 every year forever. The firm can borrow at 11 percent. O’Connell currently ha
andrew11 [14]

Answer:

1. $3,59,666.66

2. $4,10,066.66

Explanation:

1. The computation of value of firm is shown below:-

As the Earning before interest and tax given remains the same, this impact that there is no growth rate in the earnings to consider.

= Earning before interest and tax × (1 - Tax) ÷ Cost of equity

= $83,000 × (1 - 0.35) ÷ (0.15)

= $53,950 ÷ 0.15

= $3,59,666.66

2. The computation of value of levered firm is shown below:-

Value of unlevered firm + Debt × Tax rate

= 3,59,666.66 + ($144,000 × 35%)

= $4,10,066.66

7 0
3 years ago
Other questions:
  • When employee performance measures are ambiguous and vary from time to time, but the organization's performance is fairly stable
    8·1 answer
  • ​________ is defined as the extent to which your authority is accepted on grounds of​ competence, vision, or other qualities. A.
    7·2 answers
  • What is the difference between a layoff and being fired?
    8·2 answers
  • Suppose the price index was 105 in 2017, 126 in 2018, and the inflation rate was lower between 2018 and 2019 than it was between
    8·1 answer
  • I have $65,000 that I need to invest but I want to make more than the bank is offering. Where can I get a high return on a short
    5·1 answer
  • Prepare journal entries to record the following four separate issuances of stock. A corporation issued 7,000 shares of $10 par v
    10·1 answer
  • The highest level of LEED certification is _________.
    14·1 answer
  • Cory owns a custom purse-design business. He launched an advertising campaign featuring purses made of environmentally friendly
    6·1 answer
  • Samson Manufacturing Company, a calendar-year company, purchased a machine for $65,000 on January 1, 20X0. At the date of purcha
    15·1 answer
  • You are given the following information with respect to a bond: par value: 1000 term to maturity: 3 years annual coupon rate 6%
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!