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Natalka [10]
3 years ago
13

Which of the following statements is TRUE? *

Business
1 answer:
strojnjashka [21]3 years ago
7 0

Answer:

None

Explanation:

  • A home equity load is secured by the equity the owner has in the home.  Renters don't have equity and can not borrow against a property they do not own
  • Home equity loans only require a certain LTV (loan-to-value) ratio.  If there's equity available after the existing mortage that fits in the LTV, a home equity load is possible
  • While states regulate home equity loans, no state outlaws then
  • While home equity loans are useful for home improvement, they can be used for other purposes too such as debt consolidation
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Zeta Corporation is a manufacturer of sports caps, which require soft fabric. The standards for each cap allow 2.00 yards of sof
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Answer:

Direct material price variance= $2,500 favorable

Explanation:

Giving the following information:

The standards for each cap allow 2.00 yards of soft for $2.00 per yard. During January, the company purchased 25,000 yards of soft fabric at $2.10 per yard, to produce 12,000 caps.

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Answer:

That statement is true.

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Most companies require this type of procedures to ensure that the employees wouldn't scam the customers during the transaction process.

Restating the total and the total changes allow the guests to conduct a self-calculation for the purchase, ensuring whether the price is suitable to the price tag that provided on the counter.  This prevent the employees from giving a higher price to the customers and taking the additional amount for themselves.

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