____ are small pictures that can be clicked to issue a command.
A. Icons
B. Logos
C. Hyperlinks
D. Callouts
Answer: A
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You want to buy a house, but you still need to pay your car loan of $15,000 over the next 3 years. Your annual income is $50,000 and the bank estimates that your monthly mortgage payments should not represent more than 28% of your monthly income. You have decided to use that percentage of your current income to repay your car loan and to save for the down payment on the house. In this way you will adjust your current monthly expenses to be ready to make the same monthly payments for 30 years. You estimate that you can get a fixed interest rate of 6.5% on a 15-year mortgage. Closing costs are estimated to be 3% of the loan value and you can invest at an average rate of 5%. If the interest on the auto loan is 8%, determine the following:
a) What is the monthly payment on the car loan? How much can you invest each month? b) If you decide to repay your car loan and invest the rest for the down payment at the same time, how much money will the bank loan you in five years? How much can you offer for the house? c) Is there any change in your answers for part (a) if you decide to pay off the car before you begin to investment for the down payment?
Which of the following guidelines is correct?
A) Dollar signs ($) are required in all financial statements and other schedules. B) Account names are capitalized when referenced in text or listed in work documents like the journal or ledger. C) In financial statements only the first word of an account name is capitalized. D) All of these choices.
Under the FIFO accounting method, it is assumed that old stock is sold last and the new stock remains on the shelves
Indicate whether the statement is true or false
Title insurance may not protect against:
a. claims against the property that were not known in the public records at the time the title search was done b. claims against the property that were known in the public records at the time the title search was done c. claims against the property that were not known in the public records until the title search was done d. claims against the property made by a third party e. none of the other choices are correct