The statements regarding Fannie Mae loan are true except that A. Fannie Mae lends money directly to homebuyers.
<h3>How to illustrate the information?</h3>
It should be noted that Federal National Mortgage Association (Fannie Mae) was established to provide a secondary market for FHA-insured and VA-guaranteed loans.
Fannie Mae fully guarantees timely payment of interest and principal to investors and is authorized to buy both conventional home loans and government-sponsored
In conclusion, the correct option is A.
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Answer: d. revenues to be understated.
If the services have been rendered but the revenue is not recorded it means that your accounts will show less revenue than you have actually earned as in accounting revenue is recognized as soon as the service is rendered, thus not recognizing the revenue when the service is rendered will understate the revenues.
Explanation:
Answer:
the adjustment for estimated uncollectible accounts will require
b. Debit to Bad Debt Expense for $10,000.
Explanation:
There are two primary methods for estimating bad-debt expense. The first is an income-statement approach that measures bad debt as a percentage of sales.
Accout receivable at the end_ 80000
Credit sales_______________400000
Estimate________________ 2,50%
Debit bas debt expense______10000
I will create a combination of functional and project-based organizational structures. I have selected the combination due to the following rationale.
- There are different types and categories of iPhone applications. So, the development of each application is a project. Accordingly, competent professionals will be used and they will move from one project to another project.
- Selling of applications as well as taking care of HR operational aspects of the business will require people with expertise in these functional areas also. So, getting good sales as well as HR retention is the top priority for the business.
- A combination of these two structures will create a mix of back end and front end without any departmental inclination. So, the company will succeed.
Opting for other structures will either focus on applications or sales. But, it will be ineffective as sales will not happen without applications and applications alone cannot generate good sales without proper marketing.
Besides, there can be role confusion and conflict of interest with other organizational structure such as line only or staff only structures. Even, the selection of project-only or functional-only organizational structures will create problems and employee turnover will also increase.
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Answer:
$4,350
Explanation:
Calculation to determine your net profit or loss on this investment
Net profit = (-$0.60 - $42.70 + $52) × 100 × 5
Net profit= $4,350
Therefore your net profit or loss on this investment is $4,350
