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2 years ago

Which two of these are essential for completing an initial mortgage loan application?

1 answer:

3 0

The two things that should be important for finishing the initial mortgage loan application are the purchase price of the home, present debts & credit history.

The following information should be considered:

The above two things should be important as it helps in determining the loan amount & credit history for determining the credit score.
Also, the insurance money & money in the saving account should not be important also the income proof is required at a later stage for the loan security.

Therefore we can conclude that the two things that should be important for finishing the initial mortgage loan application are the purchase price of the home, present debts & credit history.

Learn more about the loan here: brainly.com/question/11794123

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When Anhueser Busch InBev sells Budweiser beer made in St. Louis, MO, to Germany, the sales of its product would be classified a

kvasek [131]

Answer:

Export.

Explanation:

When a company sells its assets to a buyer in another country it is considered an export as the company is no longer considered an asset of the country of origin.

So when Anhueser Busch InBev sold Budweiser beer made in St. Louis, MO, to Germany, it carried out a United States export to Germany.

6 0

2 years ago

You receive five annual cash flows of $10,000 with the first cash flow being received today and the last cash flow occurring 4 y

ivanzaharov [21]

Answer:

FV= $75,437.02

Explanation:

Giving the following information:

Number of cash flows= 5

Cash flow= $10,000

Total number of periods= 10 years

Interest rate= 6% compounded annually

First, we need to calculate the future value of the 5 cash flows in 5 years using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {10,000*[(1.06^5) - 1]} / 0.06

FV= $56,370.93

Now, the value at the end of 10 years:

FV= PV*(1+i)^n

FV= 56,370.93*(1.06^5)

FV= $75,437.02

7 0

2 years ago

When managers disregard ethical concerns, the likely result is:?

sergeinik [125]

The most likely result is that there would be a general mistrust because they are disregarding what you need.

5 0

3 years ago

Catamount Company had current and accumulated E&P of $500,000 at December 31, 20X3. On December 31, the company made a distr

lapo4ka [179]

Answer:

D. No loss recognized and a reduction in E&P of $200,000

Explanation:

Given that:

Current and accumulated E&P : $500,000
A distribution of land to its sole shareholder: $200,000
E&P basis to Catamount : $250,000

From that, we can see that the current and accumulated E&P is greater than its distribution of land so no loss would be reported so there will be reduction in earning and profits of the company of $200,000.

Hope it will find you well.

5 0

2 years ago

Enterprises buys a warehouse for $ 570 comma 000$570,000 to use for its East Coast distribution operations. On the date of theâp

Nitella [24]

Answer:

$570,000

Explanation:

At the time of recording of the fixed assets, the fixed assets should be reported at purchase cost or historical price or originally cost or acquiring cost, whether all other values are given i.e appraisal value, the seller purchased value, similar warehouse book value, etc

So, in the given case, it would be recorded at $570,000 as the buyer purchase the building at this cost only.

7 0

2 years ago