RESPA:
A)?Does not apply to FHA or VA loans
B)?Applies to settlement charges and not the costs of loans.
C)?Applies to brokers and title companies, but not to mortgage lenders.
D)?None of the above
D
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Hill Company entered into the following inventory transactions with its investees during 2018: Sold inventory to Grant Inc. for $150,000. The inventory originally cost Hill $120,000. Grant sold 75% of the inventory during 2018. Hill owns 15% of the voting stock of Grant and does not use the equity method to account for the Grant investment. Sold inventory to Thornton Inc. for $400,000. The inventory originally cost Hill $320,000. Thornton sold all of this inventory during 2018. Hill owns 100% of the voting stock of Thornton. Which of the following adjustments is correct with respect to preparing Hill's 2018 consolidated financial statements?
A. Cost of goods sold will be decreased $338,000. B. Sales will be decreased $400,000. C. Inventory will be decreased $40,000. D. Gross profit will be decreased $110,000.
Examples of manufacturer promotions include price cuts and feature advertising
Indicate whether the statement is true or false
An example of an item that should be evaluated by a retailer that uses inspection is _____
a. college textbooks b. antique furniture c. color televisions d. file cabinets
Which of the following is NOT an element in a project charter?
a. the project’s objective b. expected timeline c. budget and scope d. actual hours spent on a project