The answer is the Real Estate Settlement Procedures Act or
RESPA. This act was intended to defend possible property holders and allow them
to become more intelligent consumers. RESPA necessitates that creditors provide
bigger amounts of information to potential borrowers at certain points in the
loan settlement process. It also forbids the innumerable parties involved from
paying kickbacks to each other.
He made the decision to try the lawn care business for three months because he was unable to find a job with a suitable compensation. James spent $1,160 on a used pickup truck on June 1 after researching the market. He painted "James Cook Lawn Service, Phone 471-4487" on each door. Additionally, he spent $680 on tools, trimmers, and mowers. He signed a note payable agreeing to pay the $2,520 borrowed plus interest of $65 at the end of the three months in order to purchase these products (ending August 31). We can determine James' profit for the summer
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Revenue is calculated by the number of goods sold times the price of those goods. It is different from profit, which is revenue minus costs.
Higher prices will likely not lead to increased revenue because as prices rise, demand falls and therefore the number of units sold changes.
The present value of an expected future payment "<em><u>falls</u></em>" as the interest rate increases.
This is based on the idea that the bond is paid at a fixed interest rate. Thus as the interest rate increases, the value of the bond decreases or falls because investors would certainly stay away from such bonds, therefore, making its value reduce or fall.
Similarly, if the interest falls, a bond with a fixed interest rate becomes more attractive to investors.
Hence, in this case, it is concluded that the interest rates determine the value of the bond.
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