Many financial institutions hesitate to make loans on second or third mortgages True or False

Answers

Answer 1
Answer: The answer to this question is TRUE.

It is true that many financial institutions hesitate to make loans on second or third mortgages. 
 Second mortgages are riskier for lenders because they come with a higher interest rate than the first mortgages. 

Additional information:
>
 Second mortgage is a security interest on a property which is subordinate to a more senior mortgage or loan.
>
third mortgage is a security interest on property subordinate to the first and second mortgages

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Which of these investments may pay dividends?

Answers

Since you provide no options, Stock investment may pay dividend

The amount of dividend will be depended on how many stocks you own and how much is that's company net income in that year

for example, if you own 10 % of the company, and the company announced that they will pay $ 10,000 as dividend this year, you will get dividend payment of $ 1,000 

Dividends may be paid by stocks as a return on investment. Therefore, option d is correct.

A dividend is a payment made by a corporation to its shareholders as a distribution of profits. It represents a portion of the company's earnings that is distributed to shareholders based on the number of shares they own.

Dividends are typically paid in cash, but they can also be issued as additional shares of stock or other forms of property.

Dividends serve as a reward to shareholders for their investment in the company and provide them with a direct return on their ownership. They are often seen as a sign of financial stability and profitability for the company.

Therefore, option d is correct.

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Most probably, your complete question is this:

Which of these investments may pay dividends?

a. Bonds

b. Savings accounts

c. Certificates of deposit

d. Stocks

Increased interest in cultural diversity can be attributed to all of the following except __________.a. personal travel
b. advances in communication
c. natural selection
d. international trade

Answers

The answer Is Natural Selection.

Increased interests in cultural diversity can be attributed to personal travel, advances in communication and international trade, except natural selection. Cultural diversity refers to having a respect to different cultures and natural selections is not part of this.

Arnez Company’s annual accounting period ends on December 31, 2019. The following information concerns the adjusting entries to be recorded as of that date.The Office Supplies account started the year with a $3,075 balance. During 2019, the company purchased supplies for $12,700, which was added to the Office Supplies account. The inventory of supplies available at December 31, 2019, totaled $2,706.An analysis of the company's insurance policies provided the following facts.Policy Date of Purchase Months of Coverage CostA April 1, 2017 24 $ 10,824B April 1, 2018 36 $ 9,576C August 1, 2019 12 $ 8,4The total premium for each policy was paid in full (for all months) at the purchase date, and the Prepaid Insurance account was debited for the full cost. (Year-end adjusting entries for Prepaid Insurance were properly recorded in all prior years.)The company has 15 employees, who earn a total of $1,900 in salaries each working day. They are paid each Monday for their work in the five-day workweek ending on the previous Friday. Assume that December 31, 2019, is a Tuesday, and all 15 employees worked the first two days of that week. Because New Year’s Day is a paid holiday, they will be paid salaries for five full days on Monday, January 6, 2020.
The company purchased a building on January 1, 2019. It cost $700,000 and is expected to have a $45,000 salvage value at the end of its predicted 40-year life. Annual depreciation is $16,375.
Since the company is not large enough to occupy the entire building it owns, it rented space to a tenant at $2,000 per month, starting on November 1, 2019. The rent was paid on time on November 1, and the amount received was credited to the Rent Earned account. However, the tenant has not paid the December rent. The company has worked out an agreement with the tenant, who has promised to pay both December and January rent in full on January 15. The tenant has agreed not to fall behind again.
On November 1, the company rented space to another tenant for $1,812 per month. The tenant paid five months' rent in advance on that date. The payment was recorded with a credit to the Unearned Rent account. Assume no other adjusting entries are made during the year.

Required:
1. Use the information to prepare adjusting entries as of December 31, 2019.
2. Prepare journal entries to record the first subsequent cash transaction in 2020 for parts c and e.

Answers

The preparation of the adjusting entries for Arnez Company is as follows:

Adjusting Journal Entries

Debit Supplies Expenses $13,069

Credit Supplies $13,069

Debit Insurance Expense $8,045

Credit Prepaid Insurance $8,045

Debit Salaries Expense $3,800

Credit Salaries Payable $3,800

Debit Depreciation Expense $16,375

Credit Accumulated Depreciation $16,375

Debit Rent Receivable $2,000

Credit Rent Revenue $2,000

Debit Unearned Rent $3,624

Credit Rent Revenue $3,624

Data Analysis and Calculations:

1. Supplies expenses = $13,069 ($3,075 + $12,700 - $2,706)

Supplies Expenses $13,069 Supplies $13,069

2. Insurance Policies:

Policy   Date of Purchase     Months      Cost          Insurance

                                         of Coverage                     Expense

A           April 1, 2017                24          $ 10,824        $1,353 ($10,824/24 x 3)

B           April 1, 2018                36           $ 9,576        $3,192

($9,576/36 x 12)

C           August 1, 2019            12           $ 8,400       $3,500

($8,400/12 x 5)

Total Insurance Expense for 2019                           $8,045

Insurance Expense $8,045 Prepaid Insurance $8,045

3. Salaries Expense $3,800 Salaries Payable $3,800 ($1,900 x 2)

4. Depreciation Expense $16,375 Accumulated Depreciation $16,375

5. Rent Receivable $2,000 Rent Revenue $2,000

6. Unearned Rent $3,624 Rent Revenue $3,624 ($1,812 x 2)

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Answer:

supplies expense 13069 debit

             supplies          13069 credit

insurance expense 12,844 debit

          prepaid insurance  12,844 credit

depreciation expense  16,375 debit

        acc dep- building       16,375 credit

rent receivable    2,000 debit

   rent revenue              2,000 credit

unearned revenue  3,624 debit

   rent revenue             3,624 credit

Explanation:

cosumption of supplies:

beginning   3,075

purchases  12,700

ending        (2,706)

expense   13,069

insurance:

April 1st 24 months  10,824

April 1st 36 months    9,576

August 1st 12 months 8,400

expired insurance:

10,824 x 8/24 =    7,216

9,576 x  8/36 =   2,128

8,400 x  5/12 =  3,500  

total                    12,844‬

for depreicaiton we recognize the amount per year

the rent earned is only Decemeber so we recognize for that amount

then we have the other tenant which pais 5 months, 2 has expired so we accrued for that:

1,812 x 2 = 3,624

Gabrielle is the first person in her family to attend university. As an accounting major her relatives look to her for financial information and guidance. During a recent family dinner, her relatives asked the following questions.Uncle Louis: My 8-year-old grandson will be attending college in 10 years. As a result, I just opened a savings for him and deposited $7,000 into it. What will be the value of the account in 10 years if the interest rate is 4.0 percent compounded annually? My brokerage firm offers two different savings accounts. One savings account provides a tax-free yield of 7%, while another savings account provides a taxable yield of 9.5%. If I am in the 28% marginal tax bracket, which account provides a better return on my savings?

Answers

Gabrielle should recommend that Uncle Louis open the tax-free savings account. Gabrielle should inform Uncle Louis that the value of the account after ten years would be approximately $10,996.31 if the interestrate is 4.0 percent compounded annually.

Gabrielle must calculate which of the accounts offers a better return on his savings given that he is in the 28 percent marginal tax bracket. Firstly, the taxable savings account provides a yield of 9.5 percent. After accounting for taxes, the after-tax yield would be: 9.5% × (1 – 0.28) = 6.84 percent.

As the name implies, this account is tax-free, which means there is no tax liability. As a result, the after-tax yield is 7 percent. Given the above, the tax-free savings account offers a better return on Uncle Louis' savings.

Therefore, Gabrielle should recommend that Uncle Louis open the tax-free savings account.

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Identify three challenges bricks constructions may encounter when trying to implement their corporate social investment plan in the local community

Answers

The right answer for the question that is being asked and shown above is that: "Bricks Construction might not have enough funds to implement a project int he community. It also includes the employees' difficulty in managing the program. Because of this, it will be a difficult to sustain most especially economic's downside."

X Inc. expects net cash flow from operating activities to be $ 110 comma 000​, and the company plans purchases of equipment of $ 80 comma 000 and repurchases of stock of $ 18 comma 000. What is Duckalo's free cash​ flow?

Answers

Answer:  Duckalo's free cash​ flow = $30,000

Given:

Net cash flow from operating activities =  $110,000​

Purchases of equipment = $80,000

Repurchases of stock = $18,000

We can compute free cash flow as :

Free cash flow  = Net cash provided by operating activities - cash payments for planned investments in long-term assets - cash dividends

Free cash flow  = $110,000 - $80,000 - $0 =$ 30,000