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Amanda [17]
4 years ago
12

What is one difference between fixed-rate mortgages and variable-rate mortgages?

Business
1 answer:
satela [25.4K]4 years ago
6 0
The correct answer should be <span>B. The interest rate may change depending on the condition of the economy.

Fixed-rate mortgages keep the same rates as they were declared at the time of the contract signing, which can either be great for the person or the bank depending on the economy fluctuations. Variable-rate mortgages change based on the economy which means that the conditions are always kept to a certain standard.</span>
You might be interested in
4. the interest is computed on the principal and also on the accumulated past interests.
torisob [31]

Answer:

d. compound interest​

Explanation:

Compound interest basically means that previously earned interests will earn interests on their own. For example, you invest $100 and receive a 5% yield. At the end of year 1 you will have $105. At the end of year 2 you will have $105 x 1.05 = $110.25. The $5 in interests previously earned during year 1 will earn $0.25 interest during year 2.

8 0
3 years ago
Materials used in product $125,700 Advertising expense $51,700 Depreciation on plant 63,400 Property taxes on plant 23,100 Prope
Elodia [21]

Answer:

cost of goods manufactured= $356,200

Explanation:

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

<u></u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

Overhead:

Depreciation on plant 63,400

Property taxes on plant 23,100

Factory supplies used 31,700

Total overhead= $118,200

cost of goods manufactured= 13,800 + 125,700 + 116,100 + 118,200 - 17,600

cost of goods manufactured= $356,200

4 0
3 years ago
What was the stated purpose of the Food Administration during the Great War? A. It was to set up food banks for Americans B. It
Ulleksa [173]

Answer: The stated purpose of the food administration during the great war was to reduce food consumption by civilians (B)

Explanation:

The U. S. Food Administration was the department responsible for the administration of the United States army abroad and food reserves of its allies during the World War 1. An important role of the United States Food Administration was the regulation of the price of wheat in the market.

During the war, the United States was short of commodities because the commodities were sold to their allies hence, every citizen were asked to donate horses, weapons and ammunition they had to help supply the army. It was done so that food for soldiers wouldn't be an issue.

6 0
4 years ago
Read 2 more answers
All of the following except ________ will help you integrate visuals and text in business documents.
elena-14-01-66 [18.8K]

The options are:

maintaining a balance between text and visuals

identifying the visuals with titles, captions, and legends

referring to visuals in the text

putting the visuals into a separate section, such as an appendix

Answer:

putting the visuals into a separate section, such as an appendix

Explanation:

In business documents making use of visuals is a great way to pass accross information.

When the visuals are integrated with text that further explains the concept being communicated it is easier to understand by the reader.

All the options given make use of various methods of integrated visuals and text except the following:

Putting the visuals into a separate section, such as an appendix.

When visuals are put in a seperate section away from other text it does not immediately give the reader an impression not what is being communicated. It does not effectively integrate text and visuals.

7 0
3 years ago
In a general partnership: no partner can be held legally responsible for decisions since the partnership itself is a legal entit
djyliett [7]

Answer:

Each partner is held responsible for an agreement/decision made by any one of the partner.

Explanation:

Partnership can be defined as a business agreement between two or more individuals. This individuals share ownership of the business and as such are responsible for managing the activities of the company. The profit gotten from the company are shared among the business partners.

General partnership is a form of partnership in which all the partners involved contribute significantly to the daily activities of the organization.

General partnership is very easy to establish and it does not require any form of taxes on profits generated from the business.

7 0
4 years ago
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