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1 year ago

Fannie Mae and Freddie Mac are responsible for creating most of the commonly-used residential appraisal report forms.

1 answer:

5 0

Fannie Mae and Freddie Mac are responsible for creating most of the commonly-used residential appraisal report forms: TRUE

<h3>Who are Fannie Mae and Freddie Mac?</h3>

Congress established Fannie Mae and Freddie Mac.
They play a vital role in the nation's home finance system, supplying the mortgage market with liquidity, stability, and affordability.
They provide liquidity (quick access to cash on acceptable conditions) to thousands of banks, savings and loans, and mortgage businesses that make home loans.
Fannie Mae and Freddie Mac can also help stabilize mortgage markets and protect housing during times of extreme stress or volatility in the broader financial system.
The Enterprises' assistance with mortgage loans to finance affordable housing lowers the cost of such borrowing.
The majority of the regularly used home appraisal report types were developed by Fannie Mae and Freddie Mac.

As the description itself says, the majority of the regularly used home appraisal report types were developed by Fannie Mae and Freddie Mac.

Therefore the statement "Fannie Mae and Freddie Mac are responsible for creating most of the commonly-used residential appraisal report forms" is TRUE.

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Complete question:

Fannie Mae and Freddie Mac are responsible for creating most of the commonly-used residential appraisal report forms. True or False

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Answer: C. Work in Process Inventory.

Explanation:

When Raw Materials are purchased they are simply put into the Materials Account.

When the company needs to start working on them however, they will transfer the raw materials to the Work in Progress account which records the Direct Materials and Direct Labor that are used in the Production process. By Debuting this account they indicate that the materials in it have increased.

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3 years ago

If the interest rates on all bonds rise from 5 to 6 percent over the course of the year, which bond would you prefer to have bee

kirza4 [7]

If the interest rates on all bonds rise from 5 to 6 percent over the course of the year, a bond with one year to maturity would be preferred to have been holding.

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Simply put, a bond is a loan from an investor to a borrower, such as a corporation or government. Borrowers use the money to fund their businesses, and investors earn interest on their investments. The market value of bonds can change over time.

Bonds are issued when governments and companies want to raise money. By purchasing a bond, you are providing a loan to the issuer, who agrees to repay the face value of the loan by a specified date and pay periodic interest, usually twice a year pay.

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2 years ago

A company issues $15,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2019. Interest is paid on June 30 and December 31. T

shutvik [7]

Answer:

$14,747,642

Explanation:

Data provided in the question

Issued amount = $15,000,000

Coupon rate = 7.8%

Time period = 20 years

Yield to maturity is 8%

So for computing the carrying value of the bonds

First we have to compute the discount amortization for 3 years which is shown below:

= ($15,000,000 - $14,703,108) ÷ 20 years × 3 years

= $44,533.80

So, the carrying value of the bonds

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= $14,747,642

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2 years ago

At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales $ 914,000 Credit sales 31

Lyrx [107]

Answer:

Date Account Title Debit Credit

Dec, 31 Bad debt expense $15,700

Allowance for doubtful expense account $15,700

<u>Working</u>

= 5% * 314,000

= $15,700

Date Account Title Debit Credit

Dec, 31 Bad debt expense $‭36,840‬

Allowance for doubtful expense account $‭36,840‬

<u>Working </u>

= 3% * (Cash sales + Credit sales)

= 3% * (914,000 + 314,000)

= $‭36,840‬

Date Account Title Debit Credit

Dec, 31 Bad debt expense $‭‭17,520

Allowance for doubtful expense account $‭‭17,520

<u>Working</u>

= (8% * Year end accounts receivable) + Debit balance for Allowance for doubtful account

= (8% * 139,000) + 6,400

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2 years ago

34s left The National Income Accounts Unanswered GNP equals GDP A. minus net receipts of factor income from the rest of the worl

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Answer:

D. plus net receipts of factor income from the rest of the world

Explanation:

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