When new college graduate Sami Hensen goes to visit her Great-Aunt Gertrude, she is surprised when the older relative tells her she is soon leaving on a cruise with friends. Sami cannot imagine how her great-aunt can afford such luxury, while living in a nice house in a peaceful neighborhood, and wonders if her aunt’s mental capacities are failing her. At her gentle inquiry about the costs, her Great-Aunt Gertrude laughs away her concern, telling her that she has been receiving monthly checks out of the equity she has in the home. Now Sami really thinks her old aunt is off her rocker! If Great-Aunt Gertrude is correct, which of the following statements is true of this situation?A. Gertrude has a Package Mortgage, which is commonly used in situations of people who are "house rich, cash poor." This type of loan is common for senior citizens.B. Gertrude has a Wraparound Mortgage, which provides for extra cash-in-hand.C. Gertrude has a fully-amortized loan, so she receives a monthly dividend.D. Gertrude has a Reverse Annuity Mortgage, which is a loan that must be repaid upon the owner’s death, if she moves elsewhere, or upon the sale of the property.

Answers

Answer 1

Answer: Gertrude has a Reverse Annuity Mortgage, which is a loan that must be repaid upon the owner’s death, if she moves elsewhere, or upon the sale of the property.

Explanation:

A reverse annuity mortgage is referred to as a loan secured against the value of the home of a person which allows the owner cash in on some of the equity of the home without the person selling the house. This is what Simi's aunt is enjoying.

Therefore, the correct option is D "Gertrude has a Reverse Annuity Mortgage, which is a loan that must be repaid upon the owner’s death, if she moves elsewhere, or upon the sale of the property".


Related Questions

Which type of manager would most likely be responsible for researching customers' purchasing habits?

A. Operations manager

B. Marketing manager

C. Finance manager

D. Human resources manager

Answers

Answer:

Operations manger i think someone said that

Division P of Launch Corporation has the capacity for making 78,500 wheel sets per year and regularly sells 63,500 each year on the outside market. The regular sales price is $135 per wheel set, and the variable production cost per unit is $93. Division Q of Launch Corporation currently buys 33,500 wheel sets (of the kind made by Division P) yearly from an outside supplier at a price of $125 per wheel set. If Division Q were to buy the 33,500 wheel sets it needs annually from Division P at $115 per wheel set, the change in annual net operating income for the company as a whole, compared to what it is currently, would be:

Answers

Answer:

$295,000

Explanation:

Calculation to determine what the change in annual net operating income for the company as a whole, compared to what it is currently, would be:

Price paid by Division Q for 33,500 wheel sets: $4,187,500

(33,500*$125 per)

Less: Cost for Division P to produce 33,500 wheel sets × $93 per wheel set ($3,115,500)

Less: Lost profit for Division P to cut back sales to the outside ($777,000)

[($135 per wheel set − $93 per wheel set) × ( 78,500 wheel-63,500-33,500=18,500wheel sets):

Change in net annual operating income for the company as a whole $295,000

($4,187,500-$3,115,500-$777,000)

Therefore the change in annual net operating income for the company as a whole, compared to what it is currently, would be:$295,000

Other than the requirement that has been
describe Two other criteria that are in
bachelor degree studies
021​

Answers

Answer:

point system

Explanation:

need credentials and lots of point being that there's a point system

The two requirements for getting admitted to study for a Bachelor's Degree are:

One must pass the admission test scoresOne may be required to demonstrate an interest in committing to extracurricular activities such as sports. How do Admission Test Scores help with admission?

Some schools usually administer admission tests or exams. This is true for Universities where admission is very competitive. When a student passes these exams, it increases their chances of getting admitted.

Extracurricular Activities and Admission

Many colleges in the US see sports (especially basketball) as one of the strategies that help them remain relevant. Such schools, during admission, will favor students who are exceptionally talented in such sports or their preferred extracurricular activity.

See the link below for more about Bachelor Degree:

https://brainly.com/question/17496239

name and explain two factors that contribute to a detrimental relationship?​

Answers

Answer:

The two factors that contribute to a detrimental relationship are infidelity and lack of communication. Further Explanation: Detrimental relationship is a type of harmful relationship that may hurt a person in a relationship. Detrimental is something that has a damaging and harmful effect on someone or something

Explanation:

(a) What kinds of financial assets are traded in capital markets? (b) How are these different from the financial assets traded in money markets?

Answers

Answer: See explanation

Explanation:

Capital market is a market where securities are being sold such as stocks, bonds etc. The financial assets traded in capital markets are usually bonds, and stocks.

On the other hand, money market refers to the market where short term debt investments are traded. The financial assets traded include promissory notes, treasury bills, commercial papers, certificates of deposit, etc.

Considering the financial analysis, the kinds of financial assets traded in capital markets include bonds and stocks.

The stocks are known to be a form of shares in the ownership of a business or company.

On the other hand, bonds are the debt that the issuing entity pledges to repay at an agreed date.

The capital market is different from the financial assets traded in money markets because the Capital market is riskier and of long term assets. In contrast, money markets are less riskier, and they are short-term assets.

Financial assets that are traded in the money market include the following:

Treasury bills, Certificates of deposit,Commercial paper, Federal funds, Bills of exchange, etc.

Hence, in this case, it is concluded that the capital market is different from financial assets in many ways.

Learn more about the capital market here: https://brainly.com/question/21863998

explain the role of the board of directors in a public company.provide four points​

Answers

Answer:

A group of people who make decisions that determine the future of a company.

Explanation:

Board of Directors are basically the ones calling all the shots in a company. They decide all the major decisions relating to their business and it could affect every employee and employer of the company. They can decide anything from who gets fired and who stays on their team to new ways to produce the product that they sell.

Hope this helps.

On March 5 PV Inc purchased $3,300 worth of merchandise from Panther Supply with the terms 2/10,n/30 On March 14, PV Inc paid Panther Supply the amount owed less the discount. Show the journal entry for March 5 and March 14 a

Answers

I need help on my question

An employee who works from home is participating in what activity?​

Answers

Answer:

TELECOMMUTING

Explanation:

the name, or answer to an employee working from home would be called: a telecommuting employee
hope this helps!! <3

Unlike savings accounts, banks expect people to make frequent withdrawals and deposits to checking accounts.

True

False


Answers

I’m pretty sure it’s false!

Answer:

true

Explanation:

Whether to see your charges every withdrawals and deposits you make

Which of the following activities is not associated with the final stage of production? *

1 point

A. Distribution of goods to final consumers

B. Exchange of goods between buyers and sellers

C. Marketing of goods and services to prospective customers

D. Sourcing of raw materials

E. Warehousing of manufactured​

Answers

Answer:

the answer is sourcing of raw materials

it depends if it is direct or indirect

Compare these two sections of resumes. Which is more appropriate? a. - Completed nine-hour training course • Ran simulation software, • Used test probe to test over one hundred parts - Started a test plan document. b. Completed nine-hour training course • Ran simulation software • Used test probe to test over one hundred parts • Started a test plan document JURG Fil, Ir. Ob a​

Answers

Answer:

the second one

Explanation:

Able orally agreed to pay Carr $800 to restore Able's antique car within 18 months, even though it was possible for him to complete the restoration in 10 months. The agreement is: a. unenforceable, because it covers services with a value in excess of $500. b. unenforceable, because it covers a time period in excess of one year. c. enforceable, because personal service contracts are exempt from the Statute of Frauds. d. enforceable, because the work could be completed within one year.

Answers

Answer:

Enforceable because the work could be completed within one year.

Explanation:

An enforceable contract is a contract between two parties that is legally binding.

Carr could complete the restoration of the car in 10 months but Able paid Carr $800 to restore Able's antique car within 18 months.

The agreement is enforceable because the work could be completed within one year.

Option d. is correct.

Match the financial institution with its definition.

1. Brokerage Firm

2. Credit Union

3. Bank

a. An organization chartered by either the state where it is headquartered or by the federal government.

b. A non-profit company that is owned by its stockholders and provides checking accounts and other financial services.

c. A business where stocks, bonds or mutual funds are sold. They can be found in your hometown or on the internet.

Answers

Answer:

1. C

2. B

3. A

Explanation:

a. Bank: An organization chartered by either the state where it is headquartered or by the federal government.

A bank is said to be federally chartered when it is appropriately authorized and regulated by the federal government of a country with recourse to statutory laws but not the state government. Some examples of federally chartered banks are Wells Fargo Bank, Bank of England, Swiss National Bank, Citizen National Bank, Bank of Japan, PNC Bank, First National Bank, U.S. Bank, Reserve Bank of Australia, etc.

b. Credit Union: A non-profit company that is owned by its stockholders and provides checking accounts and other financial services.

A credit union can be defined as a non-profit making financial cooperative that is typically controlled by its members (employees, church groups, labour unions etc) and it is saddled with the responsibility of providing financial services like the traditional banks.

Generally, the profit made from the amount of money that is being deposited by the members of a credit union are usually returned to the members as a form of better interest rates. Some examples of credit unions are SchoolsFirst Credit Union, New York University Federal Credit Union, Consumers Credit Union, etc.

c. Brokerage Firm: A business where stocks, bonds or mutual funds are sold. They can be found in your hometown or on the internet.

In which of the following professions did the top 10% of earners make less than $100,000 in 2012?

A. Graphic designers

B. Copywriters

C. Market research analysts

D. Advertising sales agents

Answers

The answer Is A!! Graphic designers

​Use the following to answer the questions. ​ Suppose that Ray-Ban is considering a new line of sunglasses that would be sold in major department stores. The new line would be positioned as a more distinctive brand than the typical glasses sold through department stores, and would be priced higher than other brands in the store, but a lower price line than the current Ray-Ban lines that are sold through more selective stores. In determining the price for this sunglass line, Ray-Ban wants to gather information about all brands sold in department stores and about customers' perceptions of those brands. ​Refer to Scenario 12.3. Ray-Ban's plan of gathering information about the other brands sold in department stores, including their prices, would most likely be used in a ____ basis for pricing.

Answers

Answer: Demand based pricing

Explanation:

Ray-Ban's plan of gathering information about the other brands sold in department stores, which includes their prices, would most likely be used in a demand based basis for pricing

Demand-based pricing, refers to the method of pricing whereby the fluctuations in the demand of consumers is considered.

Due to the flctuations, the prices are adjusted in a way that fits the changes in the values of the product.

1. Which of the following is a dynamic industry covering a wide range of
job roles?
A. Bread and Pastry C. Handicrafts
B. Food and Beverage Service D. Public Director
________ 2. Which is not one of the main goals of Food and Beverage Services?
A. Impart value for money.
B. Promotes the heritage of a country with the use of
indigenous materials and it preserves traditional knowledge and
talents.
C. Provide friendly and welcoming atmosphere.
D. Provide professional, hygienic, and attentive service.
________ 3. Which job titles is similar to Wine maker?
A. Cookbook Author C. Line Chef
B. Food Entrepreneur D. Vineyard Manager
________ 4. Which of the following is NOT the primary duties of Chef?
A. Formulating original recipes
B. Overseeing kitchen management
C. Preparing meals
D. Satisfying patron requests in a timely manner

________ 5. Which career role includes overseeing the entire facility from the
accommodation to food services and be involved in many operations?
A. Baker C. Food and Beverage owner/manager
B. Chef D. Pastry artist
________ 6. Which job title is not similar to Service crew?
A. Bartender C. Front Desk Clerk
B. Culinary Historian D. Housekeeper
________ 7. Which career functions include creating new food and beverage
products, improving food processing methods and performing research for food
manufacturing companies?
A. Clinical Dietician C. Research Chef
B. Food Photographer D. Waiter
________ 8. Which is true about Food and Beverage Services?
A. Contributes a great deal to the profits in hospitality industry
B. Produce things with hands to meet the needs of the people in their
locality without using machines.
C. Refers to the grain-based food industry
D. Transformation of agricultural products into food, or of one form
of food into other forms.

________ 9. Which job title is similar to Food Photographer, Public Relations
Director and Social Media Specialist?
A. Culinary art instructor C. Restaurant Publicist
B. Nutritionist D. Wine Maker
________ 10. Which of the following job titles is included in unique careers?
A. Chef C. Food and Beverage Manager
B. Culinary Arts Instructor D. Service Crew

Answers

2=C because we don't produce beverages and food to welcome friends

[ANSWERED] Complete the sentence about a presentation delivery method.

A(n) ____ allows you to transmit your presentations over the Internet using ____.


A WEBCAST allows you to transmit your presentations over the Internet using STREAMING TECHNOLOGY.

lmk if this works

Answers

Answer:

Explanation:

A Presentation software allows you to transmit your presentation over the internet using CDs

Answer:

A WEBCAST allows you to transmit your presentations over the Internet using STREAMING TECHNOLOGY.

Explanation:

If the customer owes $12.55 and hands you a $20.00 bill, how much is her change?

A) $8.25
B) $8.45
C) $7.55
D) $7.45

Answers

The answer is D) $7.45
The awnser is D can I get brainlyist

Do you think employees should be given a reason for being fired? Explain your answer.

Answers

Answer:

MOST DEFINETLY!!

Explanation:

If they never find out what they did wrong they can never learn from their mistake(s)! if your given a warning, that means to stop!

YESSSSSSS ITS KINDA MESSED UP NGL

Environmental scanning is conducted only when a new business is opened. True or False?

Answers

The answer to this question is false

Help need ASAP!

Anita wants to start an online business and not use her real name. What type of form will Anita need to complete when opening a business?

A. Franchise
B. DBA (doing business as)
C. Trademark
D. Corporation

Answers

Answer:

C. Trademark

Explanation:

.

do you still have to pay the PS plus even though you have Auto-renew off?

Answers

Answer:

if u want to

Explanation:

Nooooooooooooooooooooo

In a model with two large open economies, the world real interest rate is such that A. desired international lending by one country equals desired international borrowing by the other country. B. desired international borrowing will be the same in both countries. C. desired international lending will be the same in both countries. D. desired international lending and borrowing will be zero in both countries.

Answers

Answer:

A. desired international lending by one country equals desired international borrowing by the other country.

Explanation:

Rate of return can be defined as the percentage of interest or dividends earned on money that is invested.

In Financial accounting, a return refers to the amount of profit generated by an investor on an investment over a specific period of time.

Basically, the rate of return which is typically expressed as a percentage of the initial costs of an investment can either be a gain or a loss on an investment. Therefore, a positive rate of return on an investment over a specific period of time, simply means that an investor is making a profit (gains) while a negative rate of return on an investment over a specific period of time, indicates that the investor is running at a loss.

In a model with two large open economies, the world real interest rate is such that desired international lending by one country equals desired international borrowing by the other country.

Thus, the willingness of one country to lend is met by an equal willingness of another country to borrow.

Select the correct answer from each drop-down menu.

Fill in the correct terms to complete the description of Mischa going through the home-buying process

Mischa wants to buy a home. She has looked at the housing market. Now she needs to find a ______ to become _______ for a mortgage. By doing so, Mischa will know how much she has to spend on a house.

A.real estate agent B.lender C.closeing company D.title company

a.eligible b.wait listed c.credit checked d.prequalified ​

Answers

Answer:

B. lender

d. prequalified ​

Explanation:

Mortgage brokering can be defined as a process which typically involves a mortgage broker acting as an intermediary between a financial institution (mortgage bank) offering loans and an individual that seeks to collect a loan.

Generally, all financial assets or securities can be securitized i.e turned into a tradable item that can be used to generate money for a potential investor or the owner of the financial asset. For example, a mortgage backed security can be used as securitization.

In the home-buying process, sellers usually require the buyer to present a mortgage pre-qualification in order to have an estimate of their financial capacity to buy a house. This qualification or approval determines the amount of money a lender can lend to a home-buyer who wishes to buy a house.

Additionally, some of the requirements to obtain a pre-qualification letter from a lender includes employment status, good credit score, proof of income and assets, etc.

In this scenario, Mischa wants to buy a home. She has looked at the housing market. Now she needs to find a lender to become prequalified for a mortgage. By doing so, Mischa will know how much she has to spend on a house.

I want to become either a rapper or an artist in arts. how do i follow my dream.

Answers

Answer:

tottally do it

Explanation:

Answer:

practice practice practice

Explanation:

cute copy and paste ☏ ♡ ☆⋆◦★◦⋆°*•°

. * . . ° . ● ° .

¸ . ★ ° :. . • ° . * :. ☆

° :. ° .☆ . ● .° °★

★ ★°★ . * . °☆ . ● . ★ ° . • ○ ● . ☆ ★ ° ☆ ¸. ¸ ★ . • ° . *

¸ . ★ ° :. :. . ¸ . ● ¸ ° ¸. * ● ¸ °☆

☆ °☆ . * ● ¸ . ★¸ .

. * . . ° . ● ° .

° :. ° . ☆ . . • . ● .° °★ Not sure how to copy and paste? Just right click your mouse and choose copy in options, to release repeat the process and just paste it. No mouse? Select the text with your computer pad and use ctrl c to release, ctrl v. On mobile? Press on your screen and select the text, use the option copy and paste wherever you would like!

Quotes to say your paper airplane is the best?

Answers

Answer:

my paper airplane is the best .

Explanation:

The Aerodynamic lift of my airplane gives it the power to move through the air smoothly.

Give examples of B2C,B2B,C2C and social,mobile and local e-commerce besides those listed in the book

Answers

Explanation:

Full meaning of acronyms:

B2C = Business to Consumer.B2B = Business to Business.C2C = Consumer to Consumer.

Business to Consumer: This involves businesses that directly deal (sell to) with consumers. For example, Amazon, etc.

Business to Business: These businesses directly service or sell to other businesses, not to the final consumer. For example, Microsoft and Intel (in this case Intel sells its microchips to Microsoft).

Consumer to Consumer: These business transactions are carried between consumers only. For example, Craigslist website.

what is example of an interest leading to a career choice

Answers

Answer:

"I have always been interested in cars so I became a auto mechanic." or "I have always been interested in cars so I decided to work at a car dealership."

Explanation: A big interest that you have that leads you to pick a job related to that interest.

Which type of manager would most likely be responsible for researching customers' purchasing habits?

A. Operations manager

B. Marketing manager

C. Finance manager

D. Human resources manager

Answers

B. Marketing Manager

In the month of June, a department had 20,000 units in beginning work in process that were 70% complete. During June, 90,000 units were transferred into production from another department. At the end of June there were 10,000 units in ending work in process that were 40% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. The equivalent units of production for conversion costs for June were

Answers

Answer:

Equivalent units of production for conversion costs for June were :

104,000 units  - Weighted Average Cost method

90,000 units   - FIFO method

Explanation:

If Weighted Average Cost method is used for this question.

Conversion Costs

Units Completed and Transferred (100,000 x 100%)      100,000

Units In Ending Work In Process (10,000 x 40%)                4,000

Total Equivalent units of production                                104,000

If FIFO method is used for this question.

Conversion Costs

To finish Opening Work In Process (20,000 x 30%)          6,000

Started and Completed  (80,000 x 100%)                        80,000

Units In Ending Work In Process (10,000 x 40%)               4,000

Total Equivalent units of production                                 90,000

 

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