Housing affordability is defined as rent or mortgages that do not exceed:
a. 30% of household income.
b. 50% of average rent level.
c. median income for the community.
d. 50% of the poverty level.
a. 30% of household income.
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Dylan Corporation issues for cash $2,000,000 of 8%, 15-year bonds, interest payable annually, at a time when themarket rate of interest is 9%. The straight-line method is adopted for the amortization of bond discount orpremium. Which of the following statements is true?
a. The amount of annual interest paid to bondholders remains the same over the life of the bonds. b. The amount of annual interest expense decreases as the bonds approach maturity. c. The amount of annual interest paid to bondholders increases over the 15-year life of the bonds. d. The carrying amount decreases from its amount at issuance date to $2,000,000 at maturity.
Inter-market segmentation refers to forming segments of consumers who have different needs and buying behaviors in a given geographical region
Indicate whether the statement is true or false
Logrolling refers to:
A) selling customers new products B) expanding sales territories and shifting customers C) asking customers to pay full price in the short term D) offering an alternate solution to a negotiation problem E) increasing customer service to reach a win-win solution
If actual overhead is greater than applied overhead, the variance is called overapplied overhead
Indicate whether the statement is true or false