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valkas
1 month ago
7

Maury and Bev have saved all their lives and they have been able to pay off their mortgage on their home. Bev is getting elderly

and frail and Maury needs to put her into a nursing home where they can give her round-the-clock care. Maury intends to finance this arrangement by getting a loan where the lender makes payments to the homeowner each month, based on accumulated equity. What type of loan does Maury want to get?
Business
1 answer:
Free_Kalibri [3.1K]1 month ago
6 0

Answer:

Reverse Mortgage Loan

Explanation:

Individuals over 62 are permitted by banks to leverage their property’s equity for a reverse mortgage loan. The financial institution assesses the home's value and provides credit to the senior owners. Generally, the loan amount represents a portion of the home’s equity, issued either as a lump sum or fixed monthly payments.

Maury aims to secure a reverse mortgage loan, utilizing the value of his home to access funds for Bev's care. There is no repayment required on Maury’s part. The bank recoups its investment by selling the home upon the couple’s passing or relocation.

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7) Krizun Industries makes heavy construction equipment. The standard for a particular crane calls for 20 direct labor-hours at
Mariulka [3175]

Answer:

Total hours worked = 17,550 hours

Explanation:

Labour hours efficiency variance = labour efficiency variance/standard labour cost per hour

The hourly standard labour cost = $24

= 1,200/24= 50 hours

Labour variance (in hours) = Actual labour hours - Standard hours for actual units produced

The standard labour hours allowed for the production of 875 cranes is:

= 20 × 875 = 17,500 hours

Let the actual hours be "y"

50 = y - 17500

y = 50 + 17500

y= 17,550 hours

Total hours worked = 17,550 hours

7 0
20 days ago
Scenario: mary ling works for xyz corporation, llc and they have just merged with abc, inc. mary’s job, supervisor, and work loc
arsen [2965]

Answer:

Mary must submit official paperwork related to the merger or name change to the DSO, ensuring her records are updated.

Explanation:

Since the firm has merged and changed its name from XYZ Corporation to ABCXYZ Inc, Mary needs to draft a formal notification to her DSO regarding this change and the merger.

The DSO will then amend her records with the University of the Cumberlands.

4 0
1 month ago
A Swedish tour guide has devised a clever way for his clients to recognize him. He owns 13 pairs of shoes of the same style, cus
Mariulka [3175]
P(13,2) = 169 Explanation: We need to determine the combinations for left and right shoes, as having a right shoe in blue and a left in red is not the same as a right shoe in red and a left in blue. There are 13 pairs, and she will select one from each pair. Where: n = number of pairs = 13 and r = shoes = 2 (one for each foot). Therefore, P(13,2) = 169.
5 0
16 days ago
A movie studio has some costs it incurs even if it produces no movies at all in a given year. Think of these as the costs of hav
Katen [2907]

Explanation:

Part 1: True, the information given about the total costs incurred by the movie studio from last year shows that after the adjustments for the differences in totals

3rd movie cost - 2nd = 132-84 = 48 million

Thus, the variable costs must be at least $47 million but less than $255 million as well.

Part 2:  False, the marginal cost for producing the first movie was $45 million, while the studio produced three films during that period.

In conclusion, the variable costs for all three films last year were

45 x 3 = 135 million

3 0
10 days ago
Delta cabinets has 13,000 shares of stock outstanding at a market price of $19 a share. the earnings per share are $1.34. the fi
Katen [2907]

After the dividend, the company's:

a. book value per share will become $6.31.

b. price-earnings ratio will adjust to 13.88.

c. shareholder value per share will amount to $18.60.

d. stock price will be $19.00.

e. earnings per share will equal $.94.

The result is: b

To determine the ex-dividend price per share on the day the dividend is distributed, we follow this method:

Ex-dividend Price = Share price before dividend - dividend amount per share

Ex-dividend price = $18.6 ($19 - $0.40)

Using this ex-dividend price, we can calculate the P/E ratio after the dividend.

P/E = $18.6/$1.34 = 13.88059

8 0
19 days ago
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