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marysya [2.9K]
2 years ago
15

What impact might an economic downturn have on a borrower’s fixed-rate mortgage?

Business
2 answers:
Alik [6]2 years ago
9 0

Correct Answer is Option C - It has no impact because a fixed-rate mortgage cannot change.


Economic Downturn is the general slowdown in the economy over the period of time. During economic downturn, there is less demand for money and as a result there is fall in the price of credit. But in case of fixed rate mortgage the rate is always fixed irrespective of the economic scenario.


So, economic downturn has no impact on borrowers fixed rate mortgage because a fixed-rate mortgage cannot change.

rosijanka [135]2 years ago
7 0

Answer: C

Explanation: trust;)

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Assume the following information pertaining to Moonbeam Company:
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Answer:

<u>d. Material Purchases =  $ 169,000</u>

Explanation:

Cost Of Goods Statement.

Beginning Direct Materials =         $117,000

Add Material Purchases =            $ 169,000

Less Ending Direct Materials =     <u>$130,000 </u>

Direct Materials Used =                 $156,000 ( given)

Direct Labor=                                    $ 697,000

Factory Overhead =                         $199,000

Total Manufacturing Costs =           $896,000

Beginning WIP Inventory =              $85,000

Ending WIP Inventory =                 $104,000

Cost of Goods Manufactured=      $ 1033,000

Beginning Finished Goods Inventory = $130,000

Ending Finished Goods Inventory = $124,000

Cost Of Goods Statement               = $ 1039,000

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Why should a persuasive letter like this focus on audience benefits?A) People are selfish and won't be interested in the message
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A summary of cash flows for Adventure Travel Service for the year ended April 30, 2019, follows:
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Answer:

<u>Adventure Travel Service</u>

<u>Statement of cash flows for the year ended April 30, 2019</u>

<u>Cash flow from Operating Activities</u>

Cash receipts from customers                                 $2,080,000

Cash payments for operating expenses                 ($1,706,000)

Net Cash from Operating Activities                            $374,000

<u>Cash flow from Investing Activities</u>

Purchase of land                                                        ($400,000)

Net Cash from Investing Activities                            ($400,000)

<u>Cash flow from Financing Activities</u>

Cash receipt from owner as investment                      $60,000

Drawings                                                                       ($40,000)

Net Cash from Financing Activities                              $20,000

Movement in Cash and Cash Equivalents                   ($6,000)

Beginning Cash and Cash Equivalents                      $203,000

Ending Cash and Cash Equivalents                            $197,000

Explanation:

The Statement of Cash flows shows the results of cash from the following sources : Cashflow from Operating Activities, Cashflow from Investing Activities and Cashflow from Financing Activities.

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2 years ago
Using the data set below, what would be the forecast for period 5 using a four period weighted moving average? The weights for e
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Answer:

13,710

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= Weights of period 1 × Period 1 + Weights of period 2 × Period 2 + Weight of period 3 × Period 3 + Weights of period 4 × Period 4

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Which of the following does not influence the consumer when he or she
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