Recovery, Prosperity, Recession and Depression
Answer:
It compare the difference among the actual performance and budgeted performance grounds on the volume of actual sales.
Explanation:
Flexible budget performance report is the report which is used for comparing or analyzing the actual results or outcomes for the period with the budgeted outcomes and it is generated through the flexible budget.
In short, it is that report which is the management report and compares the actual revenues as well as costs for the year with the budgeted revenues as well as costs grounded on the volume of actual sales.
Answer:
Tuiton real cost incrased by 640%
Explanation:
We divide the nominal cost of each year by the CPI index to get the real cost on each year (adjusted by inflation)
250 / 0.48 = 520,8333
8,000 / 2.40 = 3.333,33
The real price of tuiton increase from 520.83 to 3,333.33 which stnad for a percentage increase of:
3,333.33 / 520.83 = 6,4 = 640%
Answer:
7.3%
Explanation:
Bond price is the sum of present value of coupon payment and face value of the bond. If the price is available the coupon payment can be calculated by following formula
As per given data
n= 18 years
Par value = $1,000
Price = $965
YTM = 7.7%
As we have the value of the bond we need to calculate the coupon payment using following formula:
Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]
$965 = C x [ ( 1 - ( 1 + 7.7% )^-18 ) / 7.7% ] + [ $1,000 / ( 1 + 7.7% )^18 ]
$965 = C x 9.57 + $263.10
$965 - 263.10 = C x 9.57
701.9 = C x 9.57
C = 701.9 / 9.57 = 73.34
Coupon rate = 73.34 / 1000 = 7.334%
Once a loan application is received, a creditor may not require additional information or verification until The Loan Estimate is provided.
What is a Loan Estimate?
After submitting a mortgage application, you will receive a three-page document called a Loan Estimate.
You can learn vital information about the loan you've asked for from the Loan Estimate. After receiving your application, the lender has three business days to give you a Loan Estimate.
You can see key details on the form, such as the expected interest rate, monthly payment, and total loan closing expenses. You can find out more about the expected expenses of taxes and insurance in the loan estimate, as well as any future changes to the interest rate and payments. The application also discloses any unique terms of the loan that you should be aware of, such as prepayment penalties for early loan repayment.
So, the creatir must wait till The Loan Estimate is provided.
To learn more about Loan Estimate:
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