Narrative 14-1For problems in this section, use Table 14-1 from your text to find the monthly mortgage payments, when necessary.
Suppose you earn a gross income of $2,730 per month and apply for a mortgage with a monthly PITI of $510.51. You have other financial obligations totaling $431.34 per month. (Use the ratio guidelines from your text) What type of mortgage, if any, would you qualify for?
A. FHA only
B. FHA and Conventional
C. Conventional only
D. None
Answer: B
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The entry to record a purchase of $6,000 in merchandise assuming terms of 2/10, n/30 and a periodic inventory system would include a(n)
a. increase to Accounts Payable for $6,000. b. increase to Purchases Discounts for $120. c. decrease to Purchases for $6,000. d. decrease to Accounts Payable for $5,880.
Of the major consumer promotion tools, which is the most effective for introducing a new product?
A) sponsorships B) sampling C) loyalty programs D) lobbying E) advertising
If a person believes that he or she has been discriminated against in the workplace, he or she cannot immediately file a lawsuit against the employer
Indicate whether the statement is true or false
Which of the following is an incorrect statement regarding trademarks?
A) There has been substantial litigation over precisely what features can and cannot serve as a trademark. B) Phrases cannot be trademarked. C) A sound has been found to constitute a trademark. D) A scent has been found to constitute a trademark.