All categories

4 years ago

An adjustable-rate mortgage is one that....

Business

2 answers:

neonofarm [45]4 years ago

6 0

Can change
Hope this helps :)

kvasek [131]4 years ago

5 0

An adjustable-rate mortgage (ARM) is one that can change. An adjustable-rate mortgage, is a home loan with an interest rate that can change periodically. A fixed-rate mortgage on the other hand has an interest rate that remains the same for the life of the loan. The initial interest rate for ARM is however lower than that of a comparable fixed-rate mortgage.

You might be interested in

Can you think of any way that Gig workers might preserve their worker flexibility while attaining minimum wage standards, health

cluponka [151]

They wouldn’t want to pay someone as much

6 0

4 years ago

Winston Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that the

Anton [14]

Solution :

a).

Estimated overhead 1,250,000

Divide by the estimated machine hours 50,000

Predetermined overhead rate 25

Actual machine hours 54,300

Multiply by predetermined overhead rate 25

The factory overhead amount applied $ 1,357,500

b).

Actual factory overhead 1,348,800

Less : factory overhead amount applied 1,357,500

The underapplied amount is $ 8700

4 0

3 years ago

Katie, a single taxpayer, is a shareholder in Engineers One, a civil engineering company. This year, Katie’s share of net busine

scoray [572]

Answer:

A) Katie's maximum deduction is $200,000 x 20% = $40,000

But we must check that her deduction meets 3 requirements:

cannot exceed 50% of her earned wages = $300,000 x 50% = $150,000 ✓ requirement met
cannot exceed 25% of her earned wages + 2.5% of qualified property = ($300,000 x 25%) + ($150,000 x 2.5%) = $78,750 ✓ requirement met
cannot exceed 20% of taxable income = $400,000 x 20% = $80,000 ✓ requirement met

B) Katie's maximum deduction is $400,000 x 20% = $80,000, but since her net business income is higher than her taxable income, she must calculate 20% x $350,000 (taxable income) = $70,000 (same as requirement 3 in previous answer)

3 0

3 years ago

Utopia Corporation provides $6,000 worth of lawn care on account during the month. Experience suggests that about 3% of net cred

photoshop1234 [79]

Answer:

The answer is C.

Explanation:

Credit sales is $6,000

Bad debt is 3% of net credit sales which is $180($6,000 x3%)

Creating allowance for doubtful debt entry is one of the prudent method and it tells us that some customers won't pay part of what they are owing. And it is also a contra account that offset bad debt.

According to the accounting rule, debit increases asset and expenses and vice-versa while credit decreases liability, equity, income and vice versa.

So we have have:

Dr Bad debt expense $180

Cr Allowance for Doubtful Accounts $180

6 0

3 years ago

Suppose the American Medical Association announces that men who shave their heads are less likely to die of heart failure. We co

insens350 [35]

Answer:

b) razors to increase.

Explanation:

The announcement by the American Medical Association will cause an increase in demand for razors since the perception will be men that shave their hair are less likely to die of heart attack.

There will be a shift in demand to the right, resulting in increase in demand at all prices.

A shift in demand occurs when other factors except for price causes a change in demand of a good.

The shift in demand is illustrated in the attached diagram.

6 0

3 years ago