Answer:
a. Items that are important to double check before submitting a loan application to underwriting:
- Personal ID Documents
- Proof of Income
- Personal Credit Bureau Report
b. Things you would be sure to tell a borrower in preparation for closing:
- Proof of Property Ownership or Guarantee Pledge
- Contact details of 2-3 relatives or guarantors
c. Calculations that are typically used during the course of a mortgage loan transaction:
- Loan to Value ratio
- Debt to Income ratio
- House expense ratio
Explanation:
Answer:
The correct option is D
Explanation:
Cutting the number of truckloads of refuse in half must reduce the amount of residual ash by half of last year's level. However, if the removal of the recycled refuse does not proportionately reduce the amount of ash, this will not happen.
So, the answer D states a requirement for the collection program to achieve its aim.
A tariff is a tax on exported goods, if a tariff is too high then it will increase the cost of the item so the people who are buying have to pay more.
Answer:
The revenue that the investment in the company would increase by $100,000.
Explanation:
Though the International Accounting Standard IAS 2 Inventories says that the inventory must be recorded at lower of:
- Cost
- Net Realizable Value (Fair Value less Cost to Sell)
This means though the Net realizable value increases but the cost remains the lower. This means their must not be any changes made to inventory account.
The profit earned from the increase in inventory value will be reflected in the income which will increase the net worth of the investment. So the increase in investment revenue would be by $100,000.
