Loan repayments Study guides, Class notes & Summaries

BNU1501 Assessment 4 Semester 2 2023-Due Date: 15 September 2023 . 100% CORRECT questions, answers, workings and explanations.Question 1 If a vertical and horizontal number line intersect perpendicularly, they form right angles (of 90%) with each other and a co-ordinate system of axes is formed, the horizontal line is called: [1] Quadrants [2] y-axis [3] Co-ordinates [4] x-axis Question 2 The point at which the two axes intersect (cross each other) is called: [1] Centre [2] Vertex [...

AS BUSINESS Paper 2 Business 2 2 IB/G/Jun23/7131/2/INS Boss Balloons Ltd Boss Balloons Ltd (BB) creates balloon displays for events such as children’s parties, weddings and store openings. BB is owned by Zoe, who set the business up after seeing a gap in the local market. BB sells its products through its website and via social media, which it also uses for its marketing. BB’s prices range from £50 for the smallest balloon display to £950 for large displays for events such as wed...

Mutually owned co-operative financial institutions offering benefits to members through a trust-like structure" describes which type of Insurer/Fund Manager? - Answer- Friendly Society Which is the decision-making process of framing? - Answer- To remove the 'noise' from an issue to allow us to see the problem for what it is Under the RG271 what is the maximum timeframes for IDR response for a Superannuation trustee complaints? - Answer- 45 days after receiving the complaint In the se...

FAC1601 Assignment 2 Semester 1 2023 () 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on +25479 811 9845 . Which of the following statements is correct: 1. W hen revaluing an asset or liability in terms of a change in ownership structure, the current account is used. The current account is then closed off to the accounts of theexisting partners according to their existing profit-sharing ratio. 2. The selling price of a partnership is determined by the cos...

AQA A-level ACCOUNTING Paper 2 Accounting for analysis and decision-making Tuesday 6 June 2023 Morning Time allowed: 3 hours Materials For this paper you must have: • a calculator. Instructions • Use black ink or black ball-point pen. • Fill in the boxes at the top of this page. • Answer all questions. • You must answer the questions in the spaces provided. Do not write outside the box around each page or on blank pages. • If you need extra space for your a...

HECM Exam questions and correct answers A reverse mortgage is... - ANSWERS a loan against the value of a home that provides cash advances to a borrower, requiring no repayment until a future time. A reverse mortgage is different from a home equity loan because - ANSWERS You do not have to make monthly repayments on a reverse mortgage A reverse mortgage must be repaid - ANSWERS When the last eligible borrower dies, sells, or permanently moves away The purpose of a reverse mortgage is mo...

LBO Model Quiz Advanced Questions With Solutions All of the following types of debt are typically "floating-rate" instruments used to finance an LBO EXCEPT: a. Subordinated Notes b. Term Loan A c. Term Loan B d. Revolver e. None of the above - ANS Explanation: The correct answer choice is A. All of the answer choices listed above with the exception of A are floating-rate debt instruments, meaning that its interest rate is not fixed (e.g. 8% each year until maturity) but rat...

HECM Exam questions and correct answers A reverse mortgage is... - ANSWERS a loan against the value of a home that provides cash advances to a borrower, requiring no repayment until a future time. A reverse mortgage is different from a home equity loan because - ANSWERS You do not have to make monthly repayments on a reverse mortgage A reverse mortgage must be repaid - ANSWERS When the last eligible borrower dies, sells, or permanently moves away The purpose of a reverse mortgage is mo...

All of the following types of debt are typically "floating-rate" instruments used to finance an LBO EXCEPT: a. Subordinated Notes b. Term Loan A c. Term Loan B d. Revolver e. None of the above -ANSWER Explanation: The correct answer choice is A. All of the answer choices listed above with the exception of A are floating-rate debt instruments, meaning that its interest rate is not fixed (e.g. 8% each year until maturity) but rather tied to something like LIBOR (e.g. LIBOR + 3%)...

HECM Exam questions and correct answers A reverse mortgage is... - ANSWERS a loan against the value of a home that provides cash advances to a borrower, requiring no repayment until a future time. A reverse mortgage is different from a home equity loan because - ANSWERS You do not have to make monthly repayments on a reverse mortgage A reverse mortgage must be repaid - ANSWERS When the last eligible borrower dies, sells, or permanently moves away The purpose of a reverse mortgage is mo...

LML4807 Semester 1 Assignment 01 Submission date and time: 05 April 2024 : 21h00 Briefly discuss the following prescribed case: Standard Bank of South Africa Ltd v Ech o Petroleum 2012 (5) SA 283 (SCA) The allocation of marks for the discussion is as follows: 1. Facts of the case (3) 2. 3. 4. Issue before the court (1) The decision of the court (4) A critical comment on the decision (2) PLEASE NOTE: A CRITICAL COMMENT DO ES NOT NECESSARILY MEAN THAT THE COURT CAME TO A WRONG DECISION. IT REQUIRE...