This loan is best classify as a <u>conventional mortgage loan</u>.
<h3>What is a conventional mortgage loan?</h3>
This refers to a conforming loan which simply means that it meets the requirements for Fannie Mae or Freddie Mac.
This type of mortgages have a fixed rate of interest and means that the interest rate does not change throughout the life of the loan. Also, they are not guaranteed by the federal government and as a result have stricter lending requirements by banks and creditors.
In conclusion, the entities Fannie Mae and Freddie Mac are government-sponsored enterprises that purchase mortgages from lenders and sell them to investors.
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Answer:
FCF years 1 is $43,000
NPV is $13,300
Explanation:
The free cash flow for the first year=net income+depreciation-Capital exp
net income is $13,000
depreciation is $30,000
capital exp for the first year is nil
the free cash flow=$13,000+$30,000+$0=$43,000
FCF year zero=-$90,000
the FCF for year1 applies to years 2 and 3 as well
NPV=-$90,000+$43,000/(1+12%)^1+$43,000/(1+12%)^2+$43,000/(1+12%)^3=
$13,278.74
The closest option is $13,300
Answer:
c.be prepared in accordance with generally accepted accounting principles.
Explanation:
Managerial accounting involves the use of accounting information by managers to make business decisions, this aids in management and control functions in a business.
Managerial accounting does not follow normal generally naccepted accounting practice but is ather tailored to the needs of the user. It is focused on how managers can plan for the future, develop plans for the company, and check if their earlier decisions were accurate.
Financial accounting on the other hand focuses on following accounting standards in reporting financial activity of a business.
Examples of areas of application of managerial accounting include job order costing, process costing, understanding cost behaviour, operational budgeting, and so on.
Answer:
Exporting
Explanation:
Exporting is a common and relatively easy way to break in to a foreign market by selling your goods to that country.
