To prevent major swings in your mortgage rate, most variable-rate mortgages have what?

A) Inflation
B) Minimum Payments
C) Money back guarantee
D) Partner Payment options
E) Annual Caps


E) Annual Caps

Business

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Every business must manage its costs, but not every business can have a cost advantage

Indicate whether the statement is true or false

Business

Which should be the correct formula in cell B7?



a) =((B2-B5)*(C2-C5)+(B3-B5)*(C3-C5)+(B4-B5)*(C4-C5))/(B6*C6*3)
b) =((B2-B6)*(C2-C6)+(B3-B6)*(C3-C6)+(B4-B6)*(C4-C6))/(B5*C5*3)
c) =(B2-B5)*(C2-C5)+(B3-B5)*(C3-C5)+(B4-B5)*(C4-C5)/B6*C6*3
d) =((B2-C2)*(B5-C5)+(B3-C3)*(B5-C5)+(B4-C4)*(B5-C5))/(B6*C6*3)
e) =((B2+B5)*(C2+C5)-(B3+B5)*(C3+C5)-(B4+B5)*(C4+C5))/(B6*C6*3)

Business

The accrual basis of accounting is often contrasted with the cash basis of accounting. Which of the following is true of the cash basis of accounting?

a. The cash basis is not subject to manipulation b. Most larger companies use the cash basis of accounting c. The cash basis of accounting provides a strong basis to determine the total assets of the company d. The cash basis provides an inferior picture of operating performance e. The cash basis provides an superior picture of operating performance

Business

A probate can be defined as a verification of a company's books and records by a certified accountant

Indicate whether the statement is true or false

Business