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laila [671]
3 years ago
5

What does "ARM" stand for? A. Adjustable-rate mortgage B. Advised mortgage rate C. Adjusted-rate mortgage D. Amortized real mort

gage
2b2t
Business
1 answer:
disa [49]3 years ago
4 0

Answer:

A. Adjustable-rate mortgage

Explanation:

An Adjustable-rate mortgage in which the interest rate applied on the out standing balance varies throughout the life of the loan

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John invested $12,000 in the stock of Hyper Cyber. Eight years later, Hyper Cyber's shares reached $125,000, but John held onto
Nata [24]

Answer:

B. $12,000 is a sunk cost

Explanation:

By considering the given information, the cost that is correct is a sunk cost for $12,000

The sunk cost is the cost already incurred and will not be retrieved in the future. Plus, it's also termed a past cost.  

It is a useless cost and it can be avoided also.  

It is that cost that is not considered at the time of decisions making.

So, option B is correct

5 0
3 years ago
Read 2 more answers
The following transactions took place for Smart Solutions Inc. 2017 a. July 1 Loaned $79,000 to an employee of the company and r
OLEGan [10]

Answer:

a.

1 July 2017  Notes receivable      $79000 Dr

                           Cash                           $79000 Cr

b.

31 Dec 2017  Interest receivable   $3950 Dr

                           Interest revenue        $3950 Cr

c.

30 June 2018  Interest receivable     $3950 Dr

                              Interest Revenue       $3950 Cr

1 July 2018       Cash                             $7900 Dr

                             Interest receivable       $7900 Cr

d.

1 July 2018   Cash                                   $79000 Dr

                             Notes receivable             $79000 Cr

Explanation:

a.

The receipt of note against issuing loan will cause a credit to cash against notes receivable.

b.

The interest from July to Dec 2017 relates to 2017. Following accrual principle it will be recorded as interest revenue and as it is not received so an asset Interest receivable will be debited.

The interest expense for 6 months is = 79000 * 0.1 * 6/12 = 3950

c.

First we will record the remaining interest on 30 June 2017. Remaining interest = 7900 - 3950 = 3950

Then we will debit cash on July 1 when interest is received and credit interest receivable to close the account.

d.

The cash will be debited and notes receivable account will be closed by crediting it.

8 0
3 years ago
According to Michael Porter, a firm practicing a niche strategy:
Maslowich

Answer:

b. Dominates a particular target market although its overall market share may be low.

Explanation:

  • A niche strategy of the porter was to come with the product that fills the market segment and is characterized by the narrow specialization of the services focusing on a specific need.
4 0
3 years ago
All of the following are true of the effect of fair value accounting on the financial statements except a.changes in the fair va
Anna71 [15]

Option C

<u>Explanation:</u>

All of the following are true of the effect of fair value accounting on the financial statements :

<u>option c. changes in the fair value of available-for-sale securities are recognized on the income statement. is correct .</u>

Reasonable worth bookkeeping is a monetary detailing approach, otherwise called the "mark-to-advertise" bookkeeping practice, under proper accounting rules (GAAP). Utilizing reasonable worth bookkeeping, organizations measure and report the estimation of specific resources and liabilities based on their real or assessed reasonable market costs. Changes in resource or risk esteems after some time produce hidden additions or misfortunes for the advantages held and liabilities extraordinary, expanding or diminishing total compensation, just as value to be determined sheet.

4 0
3 years ago
​a capitalist system depends on fair competition among businesses to:
lina2011 [118]

A capitalist system will depend on fair completion among business with the following; driving lower quality, higher quality or other choices in which will affect the system. With this, it is namely referred to as the right to fair competition which is being done by people competing in business.

7 0
3 years ago
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