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3 years ago

Katie is buying a house and is looking for the best home loan to pay for her purchase. What loan should she choose?

Business

2 answers:

timurjin [86]3 years ago

6 0

loan with the lowest APR

umka2103 [35]3 years ago

5 0

The correct option is C. APR stands for Annual Percentage Rate. APR is the interest rate that one has to pay on a loan in a year. APR rate can be high or low depending on the investment type and the parties involved. But the best thing to do when one want to get a loan is to go for a loan with the lowest interest rate [APR]. So, the best thing for Katie to do is to choose a loan with the lowest APR.
APY stands for Annual Percentage Yield and is only use in savings; it refers to how much one earns on his savings.

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When the auditors express an opinion on financial statements their responsibilities extend to:

Westkost [7]

When the auditors express an opinion on financial statements their responsibilities extend to : Whether the results of their client's operating decisions are fairly presented in the financial statements.

Explanation:

An auditor is a person or corporation assigned to conduct an audit by a client. To order to be an auditor, a person should have a credential or relevant credentials of the regulatory authority for accounting and auditing.

The auditor is someone who reviews financial records and checks them. They ensure consistency of financial records and correct payment of taxes. We monitor financial activities to ensure that companies operate efficiently.

A statement that somehow the auditor is liable for expressing an opinion on the audit's financial statements. Examining details of the sums and reports in the financial statements on a test basis; evaluating the accounting standards used and relevant management estimates;

4 0

3 years ago

Suppose the working-age population of a fictional economy falls into the following categories: 60 have full-time employment; 20

iogann1982 [59]

Answer:

1) What is the size of Labor force

60 people are full time employed + 20 people who are part-time employed + 20 people who are unemployed = 100 people

2) What is the Unemployment rate?

20 people who are unemployed / 100 people = 0.2 or 20%

the unemployment rate includes only those people who do not have a job but are willing and able to work, and are currently looking for one.

5 0

3 years ago

What does the price elasticity of supply measure? Click or tap a choice to answer the question. how income affects spending the

Zolol [24]

You didn't put all the alternatives, but I understand economics and I know exactly that concept.

Supply price elasticity measures how price changes impact the supply of goods and services. If the elasticity of supply is elastic, it means that supply is very sensitive to price changes. If the price goes down even slightly, the supply of goods will fall sharply. If the price increases, even if little, the offer will increase much. Conversely, if supply is inelastic, price changes will have little effect on supply for the good. If the price goes down, there will be little impact on the supply of the good. If the price increases, there will also be little impact on supply.

4 0

3 years ago

An accounting clerk for Chesner Co. prepared the following bank reconciliation:

cricket20 [7]

Answer:

A. Adjusted balance $17,760

Adjusted balance $17,760

B. $17,760

Explanation:

A. Preparation of a new bank reconciliation for Chesner Co.

Cash balance according to bank statement l

$14,220

Add Deposit in transit on August 31 $6,690

Deduct Outstanding checks $3,150

Adjusted balance $17,760

Cash balance according to company's records $6,570

Add Error by Chesner Co. in recording Check No. 1056 as $820 instead of $280 540

Add Note for $10,300 collected by bank, including interest 10,710

Less Bank service charges 60

Adjusted balance $17,760

B. Based on the above bank reconciliation If a balance sheet were prepared for Chesner Co. on July 31, 2016 the amount that should be reported for cash is $17,760

From the data prepared by the accounting clerk,

b. If a balance sheet were prepared for Chesner Co. on July 31, 2016, what amount should be reported for cash?

5 0

3 years ago

Carter co. sells two products, arks and bins. last year, carter sold 14,000 units of arks and 56,000 units of bins. related data

grigory [225]

The answer to the problem below is:

Carter Corporation sells two products, one is Arks and the other one is Bins. Last year, Carter Corporation was able to sell 14,000 units of Arks and 56,000 units of Bins. The related data are the following listed below:
1. unit contribution, selling, unit variable and product
2. price cost margin

6 0

3 years ago