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navik [9.2K]
1 year ago
9

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

Business
1 answer:
Nat2105 [25]1 year ago
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.

Know more about Fannie Mae and Freddie Mac here:

brainly.com/question/981504

#SPJ4

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:

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5 0
2 years ago
The income statements for Federer Sports Apparel for 2019 and 2018 are presented below Required Prepare a horizontal analysis fo
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Answer:

FEDERER SPORTS APPAREL  

Income Statement  For the Years Ended December 31

                                                   Years                        Increase /(Decrease)

                                         2019            2018                    Amount      %

Net sales                      18,800,000    15,500,000      3,300,000    21.29%  

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Gross profit                   5,600,000     8,500,000     (2,900,000)   -34.12%

Operating expenses     1,600,000      1,200,000         400,000     33.33%

Depreciation expense  1,000,000      1,000,000       0                   0

Inventory write-down     200,000       0                      200,000      100%

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Explanation:

a) Federer Sports Apparel can use horizontal analysis as a technique for analyzing the financial statement changes over a period of time.  It is a useful tool for Federer to evaluate its trend situations, using the financial statements of two years with the earlier year serving as the base year (or independent variable) while the latter year is the dependent variable.

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Answer:

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Suppose two cities are considering tearing down their stadiums to build new ones. In one city, the old stadium cost $5 million t
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Answer:

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B. They should be more willing to tear down the $50 million stadium, because it cost more to build.

C. The cost to build the old stadium shouldn’t be considered.

And this is the correct answer:

A. They should be more willing to tear down the $5 million stadium, because it cost less to build.

Explanation:

City A will likely be more willing to tear down its old stadium because it costed $5 million to build. City B, on the other hand, will have to think twice because a stadium that costed $50 billion to build could have more value than it seems, or the City could simply not have enough money to build a better new stadium (something that would probably cost more than $50 billion to do).

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3 years ago
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