The Federal Housing Administration (FHA)
A) was set up to buy mortgages from thrifts so that these institutions could make more loans.
B) funds purchases of mortgages by selling bonds to the public.
C) provides insurance for certain mortgage contracts.
D) does all of the above.
E) does only A and B of the above.
C
You might also like to view...
Small businesses make less use of DCF capital budgeting techniques than large businesses. This may reflect a lack of knowledge on the part of small firms' managers, but it may also reflect a rational conclusion that the costs of using DCF analysis outweigh the benefits of these methods for very small firms.
Answer the following statement true (T) or false (F)
Summer leisure Unlimited purchased a color laser printer for $1,194. Delivery costs totaled $47 and handling costs were $77. The useful life is 5 years and the salvage value is $298. Using the sum-of-the-years' digit depreciation method, calculate the book value at the end of year 2
A) $408 B) $582 C) $612 D) $706
Which of the following is a real option with respect to a capital budgeting decision?
A) A call option on the company's stock. B) A put option on securities sold to finance the project. C) An option to expand the scale of the project. D) An option to purchase land that will be used for a manufacturing facility.
Jeremy's Jewels is a retail store that specializes in medium-quality, medium-priced jewelry. It is located in a mall in downtown Yosako, Kansas. Jeremy is concerned about his inventory costs. He has several questions concerning purchasing, choosing suppliers, and how much inventory he actually needs. Lately, his cash flow has been severely strained due to the fact too much cash is being tied up
in inventory. Jeremy is currently the only employee of his small business. advantages of choosing one supplier over having many suppliers are all but which of the following? a. Mutual dependence b. Savings in decreased paperwork c. Competition between vendors d. Development of a mutual long-term relationship