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3 years ago

A mortgage is a legal agreement between a borrower and a

Business

2 answers:

Karo-lina-s [1.5K]3 years ago

8 0

A mortgage is a legal agreement between a borrower and a lender.

The mortgage loan agreement sets the terms of the contract between a lender and a borrower: it gives the borrower access to the money but also grants the lender the right to take possession of the mortgaged property if the borrower does not pay the loan's installments.

djyliett [7]3 years ago

7 0

Lender
which is usually the bank

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On December 1, 2018, Marigold Corp. issued at 102, 750 of its 7%, $1,000 bonds. Attached to each bond was one detachable stock w

balu736 [363]

Answer:

$726,750

Explanation:

According to the given problem,

Bonds issued at 103% of the face value.

Face value of the bonds = $1000

Coupon rate = 7%

Number of bonds issued = 750

The data indicates that each bond is issued with a separate stock warrant which has a market value of $50.

However the question was provided that the value of the proceeds from issuing the bonds should be found.

At 102 per cent of the bond's face value, each bond is issued.

Request bond price along with stock warrant.

= 102% ($1000) = $1020

Total number of bonds = 750

Proceeds from the issuance of total number of bonds

= 750 * $1020 = $765 000

The value of the proceeds from issuing the bonds therefore is $765 000.

You deduct the $50 stock purchase warrant at 102 per cent initial market value.

50 * 1.03 = 51

51*750 = 38250

$765,000 - $38,250 = $72,6750

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3 years ago

Q 17.1: ________ is not considered a step in activity-based costing.

Ierofanga [76]

Identifying a single overhead rate as the predetermined overhead rate (b)

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4 years ago

How do life expectancy at birth and political freedom change the relative ranking of living standards that real GDP per person

irina [24]

Answer:

Answer is A.

Explanation:

they don't change

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3 years ago

Han Products manufactures 21,000 units of part S-6 each year for use on its production line. At this level of activity, the cost

Shalnov [3]

Answer:

Net savings of buying from outside supplier $ 29,000

Explanation:

Computations from buying S 6 from outside supplier.

Costs to produce in house - $ 24 per unit

Units produced 21,000 units

Total costs to produce in house ( 21,000 units * $ 24) $ 504,000

Total costs to buy from outside ( 21,000 units * $ 20) $ 420,000

Savings on buying from outside $ 84,000

Adjustments of costs

Continuing Fixed manufacturing overhead

( $ 9 * 21,000 units) * 2/3 $ 126,000

Rental Income of manufacturing facilities $ 71,000

Continuing costs $ 55,000

Net savings of buying from outside supplier $ 29,000

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3 years ago

You are cautiously bullish on the common stock of the Wildwood Corporation over the next several months. The current price of th

lys-0071 [83]

Answer:

650

Explanation:

A call option is an option to buy a product or asset at a stated price at a later date. The risk of call option is capped at premium for buying the option. Wildwood corporation will incur cost of 650 to establish the bull money spreads with calls.

8.5 +4.5 = 13

13 * $50.00 = $650

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3 years ago