Answer:
a. After the initial fixed rate period, your rate may increase.
Explanation:
An adjustable-rate mortgage (ARM) is a mortgage whose interest rate applied to the outstanding balance keeps changing throughout the loan's life. At the sign -up, the ARM will have a relatively long fixed-rate period before interest rates begin to change.
With the adjustable-rate mortgage, the lender is at liberty to change the interest rate after the lapse of a certain period. The interest rate will keep changing from time-to-time until the entire debt is paid. This type of mortgage usually starts with a low-interest rate, at times, below the market rates. Nonetheless, the interest rate can increase or decrease significantly over the life of the loan. A significant increase in the interest rate is a worry to customers.
Answer:
A. total assets of the company remain constant
Explanation:
Mainly there are three stages to make the final product. These are
1. Raw material
2. Work in progress
3. Finished goods
When the product is finished in all respects. It is ready for sale.
According to the given situation, when work in progress inventory is transferred to the finished goods, the inventory part or we can say the asset part remains constant. As a raw material, work in progress, and the finished goods are the inventory.
The work in progress balance will get reduced by the same amount as finished goods increased.
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