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3 years ago

Contents of a statement account

1 answer:

7 0

A statement of accounts is a document that reflects all transactions that took place between you and a particular customer for a given period of time. Generally business owners send statements of accounts to their customers to let them know how much they owe for sales that took place on credit during that period.

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When qualifying a buyer using the Fannie Mae guidelines, what is the ratio allowed for the amount of money for housing expense c

vfiekz [6]

Answer:

28%

Explanation:

Most mortgage lenders, including Fannie Mae, use the 28/36 rule. That rule states that a family should spend no more than 28% of the gross monthly income (GMI) on housing expenses, and pay no more than 36% of GMI to cover debts (mortgage payments are included in this 36%).

Statistics show that households that do not comply with the 28/36 rule, tend to have difficulty paying back loans.

8 0

3 years ago

A company wants to generate a forecast for unit demand for year 2018 using exponential smoothing. The actual demand in year 2017

kondor19780726 [428]

Answer:

d. 111

Explanation:

Calculation to determine which of the following is the resulting year 2018 forecast value

Using this formula

2018 Forecast value = Ft= Ft - 1+ (At - 1- Ft - 1)

Let plug in the formula

2018 Forecast value = 110 + 0.1 (120 - 110)

2018 Forecast value=110+0.1(10)

2018 Forecast value=110+1

2018 Forecast value= 111

Therefore the resulting year 2018 forecast value

will be 111

6 0

3 years ago

Anjou Company had 10,000 shares of common stock outstanding at December 31, 2018 and 14,000 shares of common stock outstanding a

mixas84 [53]

Answer:

The correct answer is $23,33 per share.

Explanation:

According to the scenario, the given data are as follows:

Net income for 2019 = $280,000

Number of shares in 2018 = 10,000

Number of shares in 2019 = 14,000

So weighted average number of shares = (10,000 + 14,000) ÷ 2

= 12,000

So, we can calculate the earnings per share by using following formula:

Earning per share = Net income for 2019 ÷ weighted average number of shares

By putting the value, we get

$280,000 ÷ 12,000

= $23.33 per share

8 0

3 years ago

Which of the following best describes a trial balance?

Lubov Fominskaja [6]

Answer:

Explanation:

In the accounting process extracting a trial balance is the final step.

8 0

3 years ago

The population of the world in 1987 was 5 billion and the relative growth rate was estimated at 2 percent per year. assuming tha

scoundrel [369]

A = Pe^(rt)
<span>A = 5e^(0.02)(8) = 5.87 billion </span>

6 0

3 years ago

Contents of a statement account ​

Contents of a statement account