Thomas is applying to refinance his mortgage. his first mortgage is $25,000 at a 9% rate. he plans to get cash out, up to $40,000. he qualifies for an 80% ltv and his house appraises for $100,000. shortly before closing, the title exam shows $23,000 in mechanics liens. closing costs total $6,000. how much cash will he receive at closing?

Ancho corp. is an automobile company whose core competency lies in manufacturing petrol- and diesel- based cars. the company realizes that more of its potential customers are switching to electric cars. the r& d department of the company acquires competencies in developing electric cars and launches its first hybrid car, which uses both gas and electricity. in this scenario, ancho is primarilya. leveraging new core competencies to improve current market position. b. redeploying existing core competencies to compete in future markets. c. unlearning existing core competencies to create and compete in markets of the future. d. building new core competencies to protect and extend current market position