Option and 2/28 mortgages
A)
have contributed to the subprime mortgage crisis.
B)
are used by high income individuals in need of jumbo financing.
C)
are subsidized by the federal government.
D)
have a high initial rate that declines when the borrowers credit rating improves.
A
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_____________ is the set of techniques used for implementing planned change to make people and organizations more effective.
A. Corporate transformation B. Organizational development C. Revitalization D. Continuous improvement E. Incremental innovation
The price that would be received to sell an asset or pay off a liability is
a. the fair value b. the market value c. the investing value d. the historical value
Canned tuna fish is most likely to have:
A) high promotional elasticity and high holding cost. B) high promotional elasticity and low holding cost. C) low promotional elasticity and high holding cost. D) low promotional elasticity and low holding cost.
Bingo Corporation has acquired a property that included both land and a building for $500,000
The corporation hired an appraiser who has determined that the market value of the land is $360,000 and that of the building is $420,000. At what amount should the corporation record the cost of the building? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) A) $226,800 B) $270,000 C) $250,000 D) $320,000