The maximum commission that Broker Claire can charge for securing a $50,000 first mortgage is $2,500.
Basically, a broker is entitled to a commission as a compensation.
The law governing mortgage loan brokers states that the maximum commissions for loans of a period of 2 years is 5% of the principal of a loan of less than 3 years.
Since the broker secure a $50,000 first mortgage.
Commission = $50,000 * 5%
Commission = $2,500
In conclusion, the maximum commission that Broker Claire can charge for securing a $50,000 first mortgage is $2,500.
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Considering the rules and regulations, the maximum commission Broker Claire can charge for securing a $50,000 first mortgage for a period of 2 years is $700.00.
This is based on Article 7 of the Mortgage Loan Broker rule and regulation.
The Article 7 stated among the thing that for first loans, the maximum commissions is a 5 percent of the principal of a loan of less than 3 years.
However since there is also a caveat which says the charges made to a borrower cannot exceed 5% of the loan or $390.00, whichever is greater, to a maximum of $700.00.
Therefore, since 5 percent of $50,000 is $2,500, therefore, the maximum commission is $700.
Hence, in this case, it is concluded that the correct answer is $700.
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Discuss problems associated with trade deficit
Answer:
A trade deficit creates downward pressure on a country's currency under a floating exchange rate regime. With a cheaper domestic currency, imports become more expensive in the country with the trade deficit. Consumers react by reducing their consumption of imports and shifting toward domestically produced alternatives.
how does credit utilization affect your credit score?
If Congress lowered taxes, then the FED would
Answer: A decrease in taxes has the opposite effect on income, demand, and GDP. It will boost all three, which is why people cry out for a tax cut when the economy is sluggish. When the government decreases taxes, disposable income increases. That translates to higher demand (spending) and increased production (GDP).
the amount of output in a specific amount of time with a given amount of resources is referred to as:
Based on the definition described above, the best answer would be Productivity.
Productivity in business is:
The amount of goods produced in a certain amount of time.Based on a limited number of resources.The productivity of a company is what most impacts its success because the higher the productivity, the more goods can be produced and sold to make more profit.
In conclusion, the answer is productivity.
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How familiar does a publicist need to be to do their job effectively?
Very familiar. It's the publicists job to make their client or company look good, with knowing past discrepancies of their client, they must do everything to keep up their client's image, as well as handling all their affairs in regards to, well, publicity, and getting their client known.
____ is a disadvantage of capital intensive production
Skilled workers will be paid more than unskilled workers
Customized products are easier to make
Quality can be standardized, the same every time
Employees may become demotivated
quality can be standardized the same every time
Answer:
Quality can be standardized, the same every time
Explanation:
Capital intensive production has direct impact on quantity of production
There are basically two types of production
Labour intensivecapital intensiveShaquil receives total employee benefits that are 13. 5% of his gross annual pay. If Shaquil has a gross annual pay of $40,000, how much in total employee benefits does he receive? a. $5. 40 b. $54. 00 c. $540. 00 d. $5,400. 0.
The annual total employee benefits that are received by Shaquil are $5400 during the course of an entire year's salary. So the correct option matching the quoted statements is D.
The calculation of the total employee benefits derived are simple, as all such benefits are to be summed up in total by putting the values given under the summation.
Calculation of employee benefits The annual total employee can be calculated by using the formula for the same as given below,[tex]\rm Total\ annual\ employee\ benefits= Annual\ Salary\ x\ Percentage\ of\ Benefits\ Received[/tex]We have been given the information that the employee benefits derived are as 13.5%. Now we put the values given in the formula assuming that the salary $40000 remains constant.[tex]\rm Total\ Annual\ Employee\ Benefits= \$40000\ x\ 0.135\\\\\\\rm Total\ Annual\ Employee\ Benefits= \$5400[/tex]So we get the values that the total annual benefits of being an employee received by Shaquil will be $5400.Hence, the correct option is D that the total annual employee benefits derived by Shaquil will be $5400.
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Mary, who is licensed as an agent in State A, got a promotion and will turn her clients over to Julie, who is licensed only in State B. Before Julie can take over the accounts, she must A) register with State A B) receive permission from each of those clients C) register with FINRA D) register with the NYSE
Julie, who is taking over the clients of Mary in State A, but registered in State B, must first A) register with State A.
Julie does not need permission from all the clients in State A. It is not required that she must register with FINRA or the NYSE because she was registered before.
Thus, Julie only needs to register with State A to take over Mary's clients in State A.
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Most people are very sensitive to risks and therefore will avoid them whenever possible. Please select the best answer from the choices provided T F.
The statement that the people very sensitive in taking risks totally avoid risks whenever possible is a TRUE statement. Such people do not fall under the category of risk-takers.
Risk ability is referred to as the desire to take risk based upon their risk profile and factors contributing to such decision like age, financial stability, responsibilities, etc.
Risk profile The person who are willing to take risks and move ahead are called the risk-takers. Whereas, people who are very reluctant and hesitant in taking risks are referred as the risk aversers in business terms.Risk aversion is the condition in which the person might not accept the difficult and extra rewarding alternative as there is a risk involved given that factors like age, stability, responsibilities, etc. also apply.To explain this, it can be stated that a risky investor doesn't sell off his securities if their market value is declining, however a risk sensitive person will sell them early to avoid further losses.Hence, the statement regarding the risk sensitive person's ability to avoid risk whenever possible is TRUE.
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Answer:
TRUE
Explanation:
EDGE2022
wang wants to purchase a new computer from best buy. after he purchases the computer, the local best buy store notifies the buyer at corporate headquarters through the:
Answer:
Wang wants to purchase a new computer from Best Buy. After he purchases the computer, the local Best Buy store notifies the buyer at corporate headquarters through the
Explanation:
A government securities dealer quotes a 3 month Treasury Bill at 6.00 Bid - 5.90 Ask. A customer who wishes to sell 1 Treasury Bill will receive:
The customer who wishes to sell one (1) Treasury Bill will receive $5.90 if a government securities dealer quotes a 3 month Treasury Bill at 6.00 Bid - 5.90 Ask.
The "bid" price is the rate at which the buyer will purchase the security, while the "ask" (offer) price is the rate at which the seller will be willing to sell.
Thus, in this situation, the selling customer will receive $5.90 per Treasury Bill while the dealer will sell it for $6.00, making profit of $0.10 ($6.00 - $5.90).
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Each department within an organization should develop a _______ strategy to outline how the department will improve its ability to perform task-specific activities in ways that add value to the organization's goods and services.
The type of strategy that each department within an organization develop to outline how the department will improve its ability in order to perform specific tasks in contributing value to the goods and services of the organization is: functional level strategy.
What is Functional Level Strategy?Functional level strategies can be defined as the goals and actions that are assigned to each department in an organization.The goals and actions in functional level strategy of every department are to support the business organization's business level and corporate level strategies. They form part of the daily operations of the various specific departments of the business organization.Therefore, the type of strategy that each department within an organization develop to outline how the department will improve its ability in order to perform specific tasks in contributing value to the goods and services of the organization is: functional level strategy.
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listed below are several transactions. for each transaction, indicate whether the cash effect of each transaction is reported in a statement of cash flows as an operating, investing, financing, or noncash activity. also, indicate whether the transaction is a cash inflow or cash outflow, or has no effect on cash. the first answer is provided as an example.
Operating cash flow simply means the measure of the amount of cash that's generated by the normal business operations of a company.
Cashflow from investing activities refers to the cash that has been generated on non-current assets that are intended to produce a profit in the future.
Cash flow from financing activities is a section of a company's cash flow statement, that shows the net flows of cash that are used to fund the company.
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A broker offered to list a prospective client's home only if the client agreed to let the broker find a new home for him. This is an example of A) a good deal for the prospective client. B) smart marketing by the broker. C) an illegal tie-in agreement. D) an acceptable arrangement if any cooperating broker in either transaction agrees to accept a reduced commission.
An example of illegal agreement is when the broker offered to list the prospective client's home if the client agreed to let him find a new home for him.
An illegal agreement refers to when a contract is agreed upon for an illegal reason where such reason are against the law.
The act of the broker in this case is seen as illegal because he is only suppose to negotiate and bargain.
Hence, the example of illegal agreement is when the broker offered to list the prospective client's home if the client agreed to let him find a new home for him.
Therefore, the Option C is correct.
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It takes six weeks for a tire order to be delivered to the Auto & Tire Center in the Walmart Supercenter in Wisconsin. Tires are ordered every five weeks. Currently, there are 90 tires on hand and another 340 on order. Sales are expected to use 120 tires per week and the department maintains a reserve of 40 tires. It's time to reorder tires.
How many tires is the department open to receive?
If the tires that are ordered cost the company $43 per tire, and the retail price of the tires is determined by marking up the cost by 57%, what is the total retail value of the tires being ordered?
The department should be open to receive 760 tires with a total retail value of $51,307.60.
Data and Calculations:
Beginning inventory = 90
New order of tires = 340
Total units available = 430 (90 + 340)
Sales of tires per week = 120
Expected ending inventory = 40
Therefore, the number of tires the department should be open to receive is 760 (40 + (120 x 6).
Cost per tire = $43
Markup = 57%
Retail price per tire = $67.51 ($43 x 1.57)
Thus, the total retail value of the 760 tires being ordered is $51,307.60.
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Vanessa uses credit cards because she likes to earn airline miles and cash-back rewards. She always pays off her balances in full each month and never has to pay interest or any finance charges. What is Vanessa in this scenario?
A.
a cosigner
B.
a credit counselor
C.
a convenience user
D.
a borrower
Answer:
c. a convenience user
Explanation:
i took test
Answer: c. a convenience user
Explanation:
what is consumer's Equilibrium?
Answer:
[tex] \huge{ \red{A} \green{N} \blue{S} \orange{W} \pink{E} \red{R} \blue{:-}}[/tex]
When consumers make choices about the quantity of goods and services to consume, it is presumed that their objective is to maximize total utility. In maximizing total utility, the consumer faces a number of constraints, the most important of which are the consumer's income and the prices of the goods and services that the consumer wishes to consume. The consumer's effort to maximize total utility, subject to these constraints, is referred to as the consumer's problem. The solution to the consumer's problem, which entails decisions about how much the consumer will consume of a number of goods and services, is referred to as consumer equilibrium.
as susie left for work, she said "goodbye" to her husband and slammed the door. the loud sound of the door made her husband flinch. after many mornings of hearing "goodbye" followed by a door slam, her husband flinches when he hears her say "goodbye." in this scenario, hearing the word "goodbye" is the
In this scenario, hearing the word "goodbye" is the: conditioned stimulus.
Classical conditioning can be defined as a learning process through which two (2) stimuli are paired together repeatedly. Thus, it is a learning process which typically involves pairing two (2) stimuli, so as to help an individual anticipate an event that he or she has a reaction for.
In classical conditioning, the two (2) stimuli that are paired repeatedly include the following:
Unconditioned stimulusConditioned stimulusA conditioned stimulus refers to a neutral stimulus that eventually triggers a conditioned response, after it is repeatedly paired (associated) with the unconditioned stimulus.
In this example, hearing the word "goodbye" is the conditioned stimulus because it made Susie's husband to elicit a response, which is flinching.
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Revenues and expenses arising from activities that are not part of the company's operations are classified as ______ revenues and expenses.
Answer:
Nonoperating
Explanation:
The activities through which revenue and expenses occur which do not take part in the operations of business is consider as nonoperating.
how often should a financial checkup be completed
Answer:
a financial checkup should be completed annually.
How might a recent college graduates investment portfolio differ from someone who is nearing retirement?
Answer: someone who is retiring has more experience on what to invest in than someone who is still getting used to knowing what to invest in
Explanation:
In AHP procedure, can you explain the reason why we need to check the consistency and briefly explain the method of consistency checking?
In AHP Procedure, the reason why we need to check the consistency is:
To make sure that the pairwise comparison results are accurateThe brief explanation of the method of consistency checking is:
The weights of the individual elements are are calculated using pairwise comparison so that there would be a comparison of two advantagesThe AHP which means Analytical Hierarchy Process has to do with the organization of the various processes that is responsible for the analysis of complex decisions making use of mathematics and psychology.
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Joey bought a dozen oranges for $3. 50 and several bananas for $0. 25 each at the grocery store. Joey spent a total of $5. 75 on the fruit. Which number line best represents the number of bananas Joey purchased?.
The number of bananas that Joey purchased would be represented on a number line with digits 0 to 10 by marking point 9 with a dot (circle) as shown in the image attached.
Let the number of bananas be B.Given the following data:
A dozen oranges = $3. 50Bananas = $0. 25Total cost = $5.75Note: A dozen oranges is equal to 12 oranges.
To determine the number line that best represents the number of bananas Joey purchased:
First of all, we would calculate the number of bananas that Joey purchased:
[tex]3.50 +0.25B =5.75\\\\0.25B =5.75-3.50\\\\0.25B =2.25\\\\B=\frac{2.25}{0.25}[/tex]
B = 9 bananas.
For the number line:
The number of bananas that Joey purchased would be represented on a number line with digits 0 to 10 by marking point 9 with a dot (circle) as shown in the image attached.
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Salmon, Incorporated issues 500,000 shares of preferred stock for $60 a share. The stock has a fixed annual dividend rate of 5% and a par value of $18 per share. The current price of the preferred stock is $64 a share. If sufficient dividends are declared, preferred stockholders can anticipate receiving annual dividends of: _________
If sufficient dividends are declared, preferred stockholders can anticipate receiving annual dividends of: $0.90 per share.
Using this formula
Annual dividends= Par value × Fixed Annual dividend rate
Where:
Par value= $18 per share
Fixed Annual dividend rate= 5% or 0.05
Let plug in the formula
Annual dividends= $18 per share × 0.05
Annual dividends= $0.90 per share
Inconclusion if sufficient dividends are declared, preferred stockholders can anticipate receiving annual dividends of: $0.90 per share.
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Consider Australian football, cricket, and field hockey. Of the three, list which of those sports you find the most interesting, why it interests you, and a few rules of the game.
Answer:
Basic Rules Of Cricket
Cricket is played between two teams each made up of eleven players. ...
Games comprise of at least one innings where each team will take turns in batting and fielding/bowling.
The fielding team will have a bowler bowl the ball to the batsman who tries to hit the ball with their bat.
Explanation:
hope this helps
Sample Response: Students should select one of the listed sports and be able to describe some unique features of the sport highlighted in the test. Their interest in the sport can be pretty much anything including their relative obscurity in the US mainstream, past experience playing with family, or because they seem uniquely challenging.
How much does it cost to fly a dog internationally
Answer:
at least 3 watts
in what fast food company do this famous tag line belongs " I'm loving 'it"
Explanation:
McDonald's
I'm loving it
Calculate the monthly payment for a 5-year car loan of $23,570 at 10. 43% interest, compounded monthly. A. $247. 44 b. $337. 56 c. $433. 88 d. $505. 79.
The monthly payment for this car loan is equal to: D. $505. 79.
Given the following data:
Time = 5 yearsPrincipal = $23,570Interest rate = 10.43%To calculate the monthly payment for this car loan:
Mathematically, the monthly payment on a loan is given by this formula:
[tex]M = \frac{P(\frac{r}{12})(1 \;+\; \frac{r}{12})^{12t}}{(1 \;+ \; \frac{r}{12})^{12t} -1}[/tex]
Where:
P is the principal or amount borrowed.r is the interest rate.M is the monthly payment.t is the number of years.Substituting the given parameters into the formula, we have;
[tex]M = \frac{23570(\frac{0.1043}{12})(1 \;+\; \frac{0.1043}{12})^{12 \times 5}}{(1 \;+\; \frac{0.1043}{12})^{12 \times 5}\; -\;1}\\\\M = \frac{23570(0.008692)(1 \;+\; 0.008692)^{60}}{(1 \;+\; 0.008692)^{60}\; -\;1}\\\\M = \frac{23570(0.008692)(1.008692)^{60}}{(1.008692)^{60}\; -\;1}\\\\M = \frac{23570(0.008692)(1.6808)}{1.6808\; -\;1}\\\\M = \frac{344.34}{0.6808}[/tex]
Monthly payment, M = $505.79
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why is getting a large tax refund or having to pay a large tax bill at the end of the year a sign of poor planning?
Considering the financial implication, getting a large tax refund or paying a large tax bill at the end of the year is considered a sign of poor planning because you are overpaying taxes to IRS, thereby reducing your take-home paycheck.
Also, it is poor planning when you pay a large tax bill at the end of the year because there would be a risk of owing the IRS the subsequent year, which would affect your paycheck.
Typically, it is recommended that individuals should calculate their taxes very well and aim for zero refund or additional taxes owed.
Hence, in this case, it is concluded that it is poor planning to get a large tax refund or pay a large tax bill at the end of the year.
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35. Eighteen percent of a circle graph is shown by a section of (1 point)
O 36 degrees.
O 64.8 degrees
O 18 degrees
0 48 degrees
Answer:
I looked it up and it said 68.4 percent, but I'm taking the test right now so I'll come back when I'm done