Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 26, 2024

What is the debt service coverage ratio for a loan based on the information below? Building Value $170,000 Loan Amount $130,000 NOI $20,000 Annually Mortgage

What is the debt service coverage ratio for a loan based on the information below?

Building Value $170,000

Loan Amount $130,000

NOI $20,000 Annually

Mortgage Payments $1000 per month

A. 0.8

B. 1.7

C. 6.5

D. 8.5

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Concepts And Applications

Authors: K. Fred Skousen, James D. Stice, Earl Kay. Stice, W. Steve Albrecht

7th Edition

0538876255, 978-0538876254

More Books

Students also viewed these Accounting questions

Question

★★★★★

First Display Inc. manufactures and assembles automobile instrument panels for both Yokohama Motors and Detroit Motors. The process consists of a just-in-time product cell for each customers...

Answered: 1 week ago

Question

★★★★★

Compute trend percents for the following accounts, using 2011 as the base year (round the percents to whole numbers). State whether the situation as revealed by the trends appears to be favorable or...

Answered: 1 week ago

Question

★★★★★

List one of the facultys publications in APA style.

Answered: 1 week ago

Question

★★★★★

A clinic is considering the possibility of two new purchases: new MRI equipment and new biopsy equipment. Each project requires an investment of $425,000. The expected life for each is five years...

Answered: 1 week ago

Question

★★★★★

Networking: Describe what happens at every step of our network model when a node on one network establishes a TCP connection with a node on another network. You can assume that the two networks are...

Answered: 1 week ago

Question

★★★★★

_ _ _ _ _ _ _ _ reflects the idea in e - commerce that large numbers of people can make better decisions about a wide range of topics or products than a single person or even a small committee of...

Answered: 1 week ago

Question

★★★★★

5. Sharon plans to contribute $400 to an RRSP every quarter for the next 28 years. During this time, the 3. Consider the sketch below and fill in the blanks: (5 marks) RRSP is expected to earn 9.8%...

Answered: 1 week ago

Question

★★★★★

5. Philosophers and scientists alike would argue that humans have: Only hedonic goals and purposes Only eudaimonic goals and purposes Neither hedonic nor eudaimonic goals and purposes A mixture of...

Answered: 1 week ago

Question

★★★★★

Mike was the policy owner and life insured of a 20-year term life insurance policy, with a $500,000 face value, on which he had named his spouse, Rachel, as the beneficiary. Unfortunately, Mike was...

Answered: 1 week ago

Question

★★★★★

sheridan co issued 700,000 of 5-year,6% bonds at 96 on Jan 1 2027. the bonds pay interest annually. compute the total cost of borrowing for these bonds compute the total cost of borrowing for these...

Answered: 1 week ago

Question

★★★★★

Endor Company begins the year with $180,000 of goods in inventory. At year-end, the amount in inventory has increased to $197,000. Cost of goods sold for the year is $1,300,000. Compute Endor's...

Answered: 1 week ago

Question

★★★★★

Becoming interculturally competent requires that you approach and initiate communication with persons from your culture that differ in some way. Microcultural groups represent those groups of persons...

Answered: 1 week ago

Question

★★★★★

How does your perception of time (i.e., monochronic or polychronic) affect your daily life? Your study schedule? Your free time?

Answered: 1 week ago

Question

★★★★★

What are some of the common stereotypes in your community of microcultural group members?

Answered: 1 week ago

Previous Question Next Question