You have an option on an ARM that has a two-year adjustment interval, 4% margin, 2% periodic rate cap and a 6% lifetime cap. The current initial rate is 5.35%. You can also get a 30-year, fixed-rate mortgage for 6.65%
You plan on staying in this home for at least 10 years. What would be your best choice?
A) Probably the ARM loan since your PITI would be lower.
B) Probably the ARM loan since your PITI would be lower and the market rates of interest could get lower.
C) Probably the fixed-rate loan because your PITI will be lower.
D) Probably the fixed-rate loan because it is easier to budget for and it is less risky for you.
Answer: D
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Concerning the foreign exchange market, which of the following is FALSE?
a. Most foreign exchange transactions involve the transfer of electronic balances between commercial banks or foreign exchange dealers. b. The worldwide amount of foreign exchange transactions is about $4 trillion a day. c. Unlike the stock or commodity exchanges, the foreign exchange market is not an organized structure. d. Virtually all foreign exchange trading occurs among banks located in New York City.
The ______________________________ is the primary key for the relational table for inventory
Fill in the blank(s) with correct word
The following information was presented in the balance sheet of Gloria Company as of December 31, 2014: Trade accounts receivable, net of allowance for uncollectibles of $100,000 $1,600,000 Which one of the following statements is true?
a. Gloria expects that $1,700,000 of accounts receivable will be collected after year end. b. The balance in the Accounts Receivable account in Gloria's general ledger is $1,600,000. c. The net realizable value of Gloria's accounts receivable is $1,600,000. d. Gloria expects to collect only $1,500,000 from its customers.
Intraperiod tax allocation
A) is used to allocate a company's total income tax expense to the components of net income and comprehensive income. B) involves temporary (timing) differences between financial and taxable incomes. C) requires allocation of deferred taxes across accounting periods. D) results from differences between tax regulations and the principles followed to determine financial income.