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jeka94
2 years ago
7

What is the definition of REO

Business
2 answers:
ozzi2 years ago
3 0

Answer:

Real estate owned

Explanation:

It is property owned by a lender, such as a bank, that has not been successfully sold at a foreclosure auction.

stealth61 [152]2 years ago
3 0

Answer:

REO stands for real estate owned

Explanation:

Real estate owned, a property owned by a lender because it failed to sell in a foreclosure auction after the borrower defaulted on their mortgage.

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Given the following information, prepare an income statement for the Dental Drilling Company.
dmitriy555 [2]

Answer:

Results are below.

Explanation:

<u>Giving the following information:</u>

Selling and administrative expense $90,000

Depreciation expense 75,000

Sales 621,000

Interest expense 46,000

Cost of goods sold 231,000

Taxes 50,000

<u>With the information listed above, we need to make an income statement following the structure below:</u>

<u></u>

Sales= 621,000

COGS= (231,000)

Gross profit= 390,000

Selling and administrative expense= (90,000)

Depreciation expense= (75,000)

Interest expense= (46,000)

Eearning before taxes (EBT)= 179,000

Taxes= (50,000)

Net operating income= 129,000

8 0
3 years ago
When the balance of an equity account, like Capital Stock, increases, it means that the account has been: Multiple Choice Deposi
Soloha48 [4]

Answer:

Credited

Explanation:

Equity Account <em>increase</em> on the credit side and <em>decrease </em>on the debit side.

So, when the account increased, we say it has been credited. This means further stock has been issued to new or existing owners.

8 0
3 years ago
When a company is able to expand its operations by exporting globally, it can often achieve greater economies of scale which res
gogolik [260]

When a business is able to grow by exporting its products around the world, it can frequently attain larger economies of scale, which leads to reduced unit costs.

A company's production unit cost often goes down as it grows. This reduction is the result of economies of scale. By employing the least expensive production techniques, profits will be maximized.

Consumers' prices are lowered as a result of lower cost-per-unit, which increases their real wages overall and makes it easier for them to locate affordable goods.

Businesses from one country offer their goods and services to clients or consumers in another country through the exporting process.

When a company produces more goods at a larger scale while paying less money on average per unit of output, this is a phenomenon known as economies of scale.

Learn more about economies of scale here:

brainly.com/question/23633985

#SPJ4

8 0
9 months ago
Whitney has an A.A. in early childhood education and wants a full-time job. She is a social person and wants to work in a fun en
dangina [55]

Answer:

C. She wants to work with a different group of adults.

Explanation:

Whitney has an associate degree in early childhood education, so she is qualified for the job, the pay is $35,000 which is above her least requirement and she likes to work with children which the company does so, however she does not want to work with such group of adults (employees) who are not comfortable working with the children as she is a social person and wants to work in a fun environment with happy people.

5 0
3 years ago
Zippy had cash inflows from operations of $65,500; cash outflows from investing activities of $50,000; and cash inflows from fin
Diano4ka-milaya [45]

Answer:

$45,500

Explanation:

$65,500+$28,000= $95,500

$95,500 - $50,000 = $45,500

6 0
2 years ago
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