Which of the following refers to business activities that change the accounting equation?A) transactions
B) liabilities
C) purchases
D) on account
Answers
Business exercises that modify the accounting equation are alluded to as transactions. Subsequently, choice (A) is exact response.
These are the essential monetary occasions that influence an organization's monetary position and are kept in its bookkeeping records. Transactions include changes in resources, liabilities, and value, and they are the reason for staying with track of a's monetary presentation and position.
Liabilities, buys, and on account - are connected terms, however they are not the particular term that includes a wide range of business exercises that influence the accounting condition.
Consequently, choice (A) is precise response.
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Answer:
A
Explanation:
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Explanation:
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Complete Question:
Under Article 7 on “hard money loans” (cash) of $30,000.00 and over for first trust deed loans, and $20,000.00 and over for junior deeds of trust, except where the new usury laws apply, the loan broker’s commission maximum is:
Group of answer choices
A. 10%.
B. 12%
C. 20%
D. As much commission as her borrower will agree to pay her.
Answer:
D. As much commission as her borrower will agree to pay her.
Explanation:
Under Article 7 on "hard money loans" (cash) of $30,000.00 and over for first trust deed loans, and $20,000.00 and over for junior deeds of trust, except where the new usury laws apply, the loan broker’s commission maximum is as much commission as her borrower will agree to pay her.
However, in some states a usury law has been passed to define the maximum rate of interest that may be charged on some hard money loans.
In real estate transactions, a hard money loan can be defined as a short-term loan or loans of last resort which is secured by a real property. These type of loans are mainly issued by the private investors (individuals or companies) rather than the common lenders such as credit union or a bank.
Final answer:
The maximum commission for loan brokers in the case of hard money loans is not universally defined and may be a matter of negotiation between the borrower and lender. However, specific local legislation might apply.
Explanation:
The question pertains specifically to the loan broker’s maximum commission under Article 7 for hard money loans (cash) of $30,000.00 and over for first trust deed loans, and $20,000.00 and over for junior deeds of trust. In most jurisdictions, the maximum commission percentage is not specifically defined in the law that broadly covers these loans. Instead, it would traditionally be a matter of negotiation between the borrower and the lender (or the lender’s representative, the broker). However, there might be specific state or regional legislation that sets a maximum percentage for commission in the circumstances mentioned above. To get the accurate answer you should refer to the local legislation or consult with a legal expert.
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b) unaffected is US interest rates increase and euro interest rates decrease
c) adversely affected if European interest rates increase and US rates decrease
d) adversely affect if US interest rates increase and euro rates decrease
e) A and B
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Answer:
Search it for the best answer
Answer:
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