Are there any advantages in government-backed loans? Any disadvantages?
What will be an ideal response?
Answer: Yes, there are three advantages. One, the interest rate typically is less. Two, a smaller down payment is required. Three, there are less strict financial requirements. There are also three drawbacks. One, there is more paperwork required to qualify for the loan. Second, the closing costs are higher. Third, there are limits on the amount of funding that can be obtained.
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Dallas Company uses the indirect method of preparing the statement of cash flows and has the following current liabilities at the beginning of the period: Accounts Payable, $35,000; Taxes Payable, $15,000 . At the end of the period, the balances of the
account are as follows: Accounts Payable, $25,000; Taxes Payable, $20,000 . What amounts will appear in the cash flow statement? In what category of the statement will they appear?
On January 1, Year 1, Stratton Company borrowed $180,000 on a 10-year, 8% installment note payable. The terms of the note require Stratton to pay 10 equal payments of $26,825 each December 31 for 10 years. The required general journal entry to record the payment on the note on December 31, Year 2 is:
A. Debit Notes Payable $14,400; debit Interest Expense $12,425; credit Cash $26,825. B. Debit Interest Expense $14,400; debit Notes Payable $12,425; credit Cash $26,825. C. Debit Interest Expense $13,406; debit Notes Payable $13,419; credit Cash $26,825. D. Debit Notes Payable $26,825; credit Cash $26,825. E. Debit Notes Payable $180,000; debit Interest Expense $8825; credit Cash $26,825.
The ________ is a univariate hypothesis test using the t distribution, which is used when the standard deviation is unknown and the sample size is small
A) z test B) t test C) paired samples test D) F test
Research has shown that more creative teams also spent more time ______.
A. socializing B. brainstorming C. synergizing D. thinking