Home equity/second mortgage loans have two important advantages over most other types of loans. They are
A) tax deductibility of payments and longer terms.
B) tax deductibility of interest and lower interest rates.
C) no risk for borrower and less amortization.
D) increase in future financing flexibility and no recourse clause.
E) none of the above.
Answer: B
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The syntax of the following code fragment is correct.IF rec_order.state = 'VA' THEN lv_tax_num := rec_order.sub * .06;ELS IF rec_order.state = 'ME' THEN lv_tax_num := rec_order.sub * .05;END IF
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The term ease of doing business refers to
A. the amount of effort required on the part of a customer when dealing with a firm. B. the ease with which a product can be promoted effectively. C. the ease with which a business can secure financing to start operating its business. D. how quickly a firm can recoup its costs and begin making a profit. E. how complicated the process is for producing and delivering a product.
A limited liability company:
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Answer the following statement true (T) or false (F)