With respect to #58, suppose that the foreclosure sale brings $80,000. How will this amount be distributed?
A)?$76,000 to the original mortgagor and $4,000 for costs
B)?A split of the $80,000 on a pro rate basis between the costs, the original mortgagee, and the second mortgagee
C)?A split on a pro rate basis among the contractor and the two mortgagees
D)?The original mortgagee receives a portion of the $80,000 or 80,000/92,000With respect to #58, for Questions #60 - #64, suppose that the foreclosure sale brings $110,000, how much will each party receive?
A
You might also like to view...
Accounts receivable from sales to customers amounted to $40,000 and $32,000 at the beginning and end of theyear, respectively. Income reported on the income statement for the year was $110,000 . Exclusive of the effect ofother adjustments, the net cash flows from operating activities to be reported on the statement of cash flows usingthe indirect method is
a. $118,000 b. $110,000 c. $102,000 d. $150,000
In planning a sponsorship or event marketing program, after the marketing team matches the event with the company's customers, vendors, or employees, the next step would be:
A) promote the sponsorship or event B) differentiate the sponsorship or event C) create objectives D) track results
What is the benefit of an interviewee being prepared with facts and statistics?
A) using external experts to establish credibility with the reporter B) requiring the reporter to set the tone and agenda for the interview C) providing supporting material for points being conveyed to the reporter D) offering memorable and adaptable information that shapes attitudes E) eliminating doubt by using technical terminology and complex explanations
Which of the following is the correct formula for calculating days' sales in raw materials inventory for a manufacturer?
A. Raw materials used/Beginning raw materials inventory × 365. B. Average raw materials inventory/Raw materials used. C. Ending raw materials inventory/Raw materials used × 365. D. Raw materials purchased/Average raw materials inventory. E. Raw materials used/Average raw materials inventory.