The primary regulator over the mortgage banking industry in the United States is the Office of the Comptroller of the Currency (OCC).
<h3>What does the Office of the Comptroller of the Currency (OCC) do?</h3>
It was established by the U.S. government to oversee all national banks in the United States.
This means that it is the regulatory agency for any type of banking on the national level including mortgage banks.
Find out more on the Office of the Comptroller of the Currency (OCC) at brainly.com/question/1075384.
Essentially, your net worth is the value of what you own, minus what you owe. Or, as a formula: assets – liabilities = net worth
Answer:
manage the business by finding new customers and investors
Explanation:
Out of the available options, this one would be the best possible answer. But in my opinion it is not the best answer. The entrepreneur is responsible for developing a product or service that can be sold to as many customers as possible. Without the main product or service, the entrepreneur has nothing. After he/she has developed or created his product or service, then the entrepreneur must go out and find customers and investors.
For e.g. Mark Zuckerberg had to develop FB before finding investors or even having any people use it. The same applies to all time genius Steve Jobs who needed to finish the Apple 1 before it could be sold.
After the product or service is ready probably comes the hardest part which is to get enough money to get your project running and get people to use it.
All the other options are important parts of owning a business, e.g. arriving early in the morning (develops a proper work culture) or training employees, but they are not the primary responsibility.
Answer:
Total cost= $5,000
Explanation:
Giving the following information:
Job 731:
Direct Materials= $2,500
Direct Labor hours= 100
Direct Labor wage rate: $10.00 per hour
First, we need to calculate the direct labor cost and then allocate overhead:
Direct labor= 100*10= $1,000
Allocated overhead= 1,000*1.5= $1,500
Total cost= 2,500 + 1,000 + 1,500
Total cost= $5,000
Answer and Explanation:
The transactions 3 6 and 8 represents that the expenses are incurred which results in increased and expenses and the transaction 4 and 5 shows that there is an increased in revenue
The journal entry is shown below:
For transaction 3
Rent expense
To Cash
(Being the rent expense is paid for cash is recorded)
As the expense has debit balance so it would be increased
For transaction 6
Electricity expenses Dr
To Cash
(Being the energy usage is paid for cash is recorded)
As the expense has debit balance so it would be increased
For transaction 8
Advertising expense Dr
To Account payable
(Being the advertising expense is recorded)
As the expense has debit balance so it would be increased
For transaction 4
Account receivable Dr
To Service revenue
(Being the service is provided)
As the revenue has credit balance so it would be increased
For transaction 5
Cash Dr
To Service revenue
(Being the service provided is recorded)
As the revenue has credit balance so it would be increased
The attachment is provided for better understanding
The other transactions represent the assets, liabilities and stockholder equity
