(I) ARMs offer lower initial rates and the rate may fall during the life of the loan. (II) Conventional mortgages do not allow a borrower to take advantage of falling interest rates
A) (I) is true, (II) is false.
B) (I) is false, (II) is true.
C) Both are true.
D) Both are false.
A
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A call provision gives the issuing company the option to recall the debt issue at an effective interest rate less than the contract rate
Indicate whether the statement is true or false
During 2012, the accounts receivable turnover ratio for Upward Company increased from 10 to 15 times per year. Which one of the following statements is the most likely explanation for the change?
A) The company's credit department has followed up with customers whose account balances are past due in order to generate quicker collections. B) The company has decreased sales to its most credit worthy customers. C) The company has increased the amount of time customers have to pay their accounts before they are past due. D) The company has extended credit to more risky customers in order to increase the accounts receivable turnover ratio.
Cameroon Corp. manufactures and sells electric staplers for $16 each. If 10,000 units were sold in December, and management forecasts 4% growth in sales each month, the dollar amount of electric stapler sales budgeted for February should be:
A. $160,000 B. $187,177 C. $179,978 D. $173,056 E. $166,400
The Super Bowl is right around the corner and Gowgem Hotels is aquiver with anticipation
They'd like to price their rooms at their three city locations, next to the stadium, near the airport, and in the suburbs, as high as possible but still achieve 100% occupancy. The approach they should take to this opportunity is: A) yield management. B) a tiered workforce. C) a load profile. D) a chase plan.