Sandra's son starts college soon. She has lived in her home for 10 years. What financing option would be preferable for Sandra to obtain funds to pay for her son's schooling?
A) participation financing
B) open end loan
C) wraparound loan
D) home equity loan
Answer: D) home equity loan
Business
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Liberty Corporation reported beginning and ending total assets of $25,000 and $22,000, respectively. Its net sales for the year were $18,800. What was Liberty's asset turnover ratio?
a.) 0.75 b.) 0.85 c.) 0.80 d.) 1.25
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If a salesperson is let go due to poor performance, what does the broker do with their license?
a. Cancels it. b. Tears it up. c. Gives it back to the salesperson. d. Send it to the DRE.
Business