Answer:
1. Assets = Equity + Liability
Equity = Assets - Liability
Opening Equity = 14,000 - 9,000
= $5,000
Closing Equity = 19,000 - 11,000
= $8,000
Increase ( Decrease) = 8,000 - 5,000
= Increased by $3,000
2. Four ways Equity can change.
- Equity will increase if Common Stock is issued
- Equity will increase if the company makes a profit ( Net Income ) as this will go to the Equity account as Retained earnings
- Equity will decrease if the company pays Dividends as those are paid from retained earnings
- Equity will decrease if there is a net loss.
Answer:
All of the above
Explanation:
A Library is an accumulation of resources, materials and educational documents for the purpose of knowledge sourcing. It can be a physical building loaded with materials, journals, publications, etc, or an online platform.
A public library is a library open to everyone basically for the acquisition of knowledge online or offline. It also provides services such as access to internet facility, a quite environment, library staffs helping to sort for documents, photocopying borrowing of books, little entertainment, research resources, etc
"SWOT analysis is an objective process" is TRUE.
<u>Answer:</u> Option A
<u>Explanation:</u>
A management tool used to comprehend the strengths, weaknesses, opportunities, and threats included in any programme or corporation is understood as a "SWOT analysis". This includes defining the company or project objective and recognizing with horizontal pairings of internal (strengths and weakness) and external (opportunities and threats) variables that are beneficial or adverse to achieving that objective. While vertical pairings of helpful (strengths and opportunities) and harmful (weaknesses and threats). Final analytical results will assist the institution to evaluate whether the goals, products, services, projects or goals are a tactical fit.
The main sources of funding are retained earnings, debt capital, and equity capital. Companies use retained earnings from business operations to expand or distribute dividends to their shareholders. Businesses raise funds by borrowing debt privately from a bank or by going public (issuing debt securities).
Complete question:
Under the TILA-RESPA Integrated Disclosure Rule (TRID), a lender must extend the closing how many days if the annual percentage rate (APR) has changed more than 0.125% before closing?
A) Two business days
B) Three business days
C) Five business days
D) Four business days
Answer:
A lender must extend the closing Three business days if the annual percentage rate (APR) has changed more than 0.125% before closing.
Explanation:
TRID is the standardized divulgation law for TILA-RESPA. The current RESPA and TILA regulation replaces a previous, detailed closing declaration and credit calculations for HUD-1 and Good Faith Calculations (GFE).
When the loan's interest rate is not locked when the loan estimate is issued and the rate of interest and credits for the hypothecary loan that adjust when it is locked many time later. A revised loan estimate is expected by the borrower no more than three working days after the date the interest rate is locked and the equate the revised loan estimate with the products and loan credits paid.
