Introductory finance - Study guides, Revision notes & Summaries

DSC1630 EXAM PACK 2022. Introductory Financial Mathematics. The amount of money you have to invest at a simple interest rate of 15% per annum, to earn R5 250 interest after three years, is [1] R3 620,69. [2] R10 000,00. [3] R5 249,48. [4] R122 500,00. [5] R11 666,67. Question 2 A bank’s simple discount rate is 12% per annum. You need to pay the bank R5 000 in six months’ time. The amount of money that you will receive from the bank now is [1] R4 700,00. [2] R4 716,98. [3] R4 72...

HUD Counseling Exam - Module 5 Avoiding Foreclosure SOLUTIONS 100% PASS what is a servicer? - ANSWER a company that handles all the administrative aspects of a loan from the closing to mortgage payoff, including handling all payments, escrow, and all documentation for records when was the most recent foreclosure crisis? - ANSWER 2007 what caused the most recent foreclosure process? - ANSWER 1. negative amortization 2. aggressive marketing of HELOC loans 3. subprime lending 4. q...

Loan Signing Test 5 Questions and Answers 100% Pass The consumer Financial Protection Bureau is responsible for implementing the "TILA- RESPA Integrated Disclosure" (TRID) rule. True What is an Adjustable Rate Mortgage- ARM? A loan that offers a short introductory period with a low, fixed interest rate. After that period usually two to five years, sometimes more the rate becomes adjustable, up to a certain limit. What is a balloon loan? Short term loan with payments amortized over a longer ...

what is a servicer? - ANSWER a company that handles all the administrative aspects of a loan from the closing to mortgage payoff, including handling all payments, escrow, and all documentation for records when was the most recent foreclosure crisis? - ANSWER 2007 what caused the most recent foreclosure process? - ANSWER 1. negative amortization 2. aggressive marketing of HELOC loans 3. subprime lending 4. qualifying borrowers based on teaser rates 5. qualifying borrowers based on introdu...

Chapter 01 Introduction to Accounting and Financial Reporting for Governmental and Not-for-Profit Entities True / False Questions 1. Special purpose governments generally provide a wider range of services to their residents than do general purpose governments. True False 2. Examples of general purpose governments include cities, towns, and public schools that receive tax revenue to finance the services they provide. True False 3. The Governmental Accounti...

This is a comprehensive and detailed practice material on accounting for business combination for Acct 200. U'll need it for effective practice to ace your exams

Principal Accountant Civil Service Test 22 Questions with Verified Answers Accumulated Depreciation - CORRECT ANSWER Accumulated Depreciation is a contra asset, or negative asset, which has a normal credit balance. Accumulated Deprecation decreases upon the sale or donation of a fixed asset and increases when the company recognizes depreciation. The balance can only increase when the company recognizes depreciation. GAAP - CORRECT ANSWER Generally Accepted Accounting Principles (GAAP) are ...

Test Bank For Accounting for Governmental and Nonprofit Entities 19th edition by Jacqueline L Reck, Daniel Neely, Suzanne Lowensohn, Explain the essential differences between general purpose and special purpose governments and give several examples of each. 2) Identify and explain the characteristics that distinguish governments and not-for-profit entities from business entities. 3) GASB and FASB standards are concerned only with external financial reporting; whereas, FASAB standards are co...

Test Bank for Accounting for Governmental & Nonprofit Entities 19th Edition By Jacqueline Reck Version 1 2 Student name:__________ 1) Explain the essential differences between general purpose and special purpose governments and give several examples of each. 2) Identify and explain the characteristics that distinguish governments and not-for-profit entities from business entities. 3) GASB and FASB standards are concerned only with external financial reporting; whereas, FASAB standar...

Accounting Associate Degree General Education Core (Required minimum: 15 Semester Credit Hours) Area I - Language Arts/Communication ENGL 1101 Composition and Rhetoric 3 180 Explores the analysis of literature and articles about issues in the humanities and in society. Students practice various modes of writing, ranging from exposition to argumentation and persuasion. The course includes a review of standard grammatical and stylistic usage in proofreading and editing. An introduction to...