Answer:
The earnest money must be returned to the buyer.
Explanation:
The loan objection deadline sets a specific by which the buyer must present a written notification to the seller stating that he/she will not be able to purchase the property due to problems related to obtaining a mortgage loan (or really any other reason, since only the buyer knows about his/her loan status). After this date, if the buyer cannot secure the mortgage loan and finish the purchase, the earnest money will be lost and must be given to the seller.
Answer:
Corporate-level managers use data dashboards to summarize sales by region, current inventory levels and other company-wide metrics all in a single screen.
Explanation:
A data dashboard is an information technology tool used to summarize sales, current inventory level and other performance indicators relevant to a business all in a single screen.
Answer:
Liability that is settled in the future when a company delivers its products or services.
Explanation:
Unearned revenue is money received for a service that is yet to be provided or a product that is yet to be delivered.
Unearned revenue is recorded as a liability on the balance sheet. The reason for this is because unearned revenue represents debts owed.
Once the service is rendered, the unearned revenue is recorded on the income statement as a revenue.
Example of unearned revenue : a company offers a one year subscription to consumers. The company is earning revenue for services that is yet to be rendered
Compound interest formula:
A = P (1+r/n)^(nt)
Where:
A = the future value of the investment/loan, including interest
P = the principal investment amount (the initial deposit or loan amount)
r = the annual interest rate (decimal)
n = the number of times that interest is compounded per year
t = the number of years the money is invested or borrowed for
Compounding Interest simply means that the interest earned for a certain interest period also earns an interest.
Let us assume the following:
Principal = 1,000
rate = 0.12 per annum
term/time = 5 years
if n = annual compounding it is equal to 1 ; <span>A = 1,762.34</span>
if n = semi annual compounding it is equal to 2 ; A = 1,790.85
if n = quarterly compounding, it is equal to 4 ; A = 1,806.11
if n = monthly compounding, it is equal to 12 ; A = 1,816.70
Based on the sample computation, Anthony will earn more interest from monthly compounding.