What is a hybrid home mortgage?
What will be an ideal response?
A hybrid mortgage combines the characteristics of a fixed-rate and an adjustable-rate mortgage, the initial interest rate is fixed for a specified period of time, such as 5 years, and then begins to adjust periodically.
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The common law held that property owners own the rights to the air and light for up to 100 feet above their property.
Answer the following statement true (T) or false (F)
When two or more individuals engage in an enterprise as co-owners, the organization is known as a
a. single proprietorship. b. corporation. c. partnership. d. closed corporation.
Prospective adjustments are expected to
A) impact financial statements of only previous years. B) impact financial statements of previous years and current years as if the accounting principle had always been used. C) produce no impact on the financial statements of previous years. D) impact the financial statements of the current year only.
For a factory worker, all of the following are charged to Factory Overhead except:
a. the shift premium paid because the worker works the "graveyard" shift. b. the payroll taxes related to direct labor time. c. the overtime premium paid as a result of a "rush" job stipulated by the customer contract. d. the make-up guarantee paid because the employee did not reach the quota set forth in a modified wage plan.