From 2000 to 2005, housing prices increased, on average, by over 40%. This run up in prices was caused by
A) speculators.
B) an increase in subprime loans, which increased demand for new and existing houses.
C) both A and B.
D) None of the above are correct.
C
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Sales reported on the income statement were $372,000 . The accounts receivable balance declined $4,500 over theyear. The amount of cash received from customers was $367,500
a. True b. False Indicate whether the statement is true or false
A company produces 1000 packages of chicken feed per month. The sales price is $5 per pack. Variable cost is $1.50 per unit, and fixed costs are $1800 per month. Management is considering adding a vitamin supplement to improve the value of the product. The variable cost will increase from $1.50 to $1.80 per unit, and fixed costs will increase by 20%. The CEO wants to price the new product at a level that will bring operating income up to $3000 per month. What sales price should be charged? (Round your answer to the nearest cent.)
A) $3.50 B) $6.96 C) $5.00 D) $3.20
Which of the following is an instance of a mortgage?
A) Richard pays Ellen $1000 a month to live in her apartment. B) Richard pays Ellen $12,000 a year to live in her apartment. C) Richard gives his country estate as collateral to a bank from where he has borrowed money to buy an apartment. D) Richard has been living in an apartment for thirty years and upon his death, the apartment will be transferred to somebody else.
What is a credit default swap? What happens in the event of default?
What will be an ideal response?