1 Exam (elaborations) Chapter 15 Vocab Written Exam With Questions And Correct Answers. 2 Exam (elaborations) Mortgage Guaranty Insurance - Negative Amortization Complete Assignment Questions Fully Solved. 3 Exam (elaborations) Depreciation, Amortization, Depletion Complete Questionsl 4 Exam (el...
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Original loan is a - correct answer PVA The PVA - correct answer is the amount the bank is willing to "give" me in exchange for my stream of future payments. Loan amortization schedule is useful for... - correct an...
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Add to cartOriginal loan is a - correct answer PVA The PVA - correct answer is the amount the bank is willing to "give" me in exchange for my stream of future payments. Loan amortization schedule is useful for... - correct an...
loan amortization - correct answer occurs when a borrower pays back the principal over the life of the loan amortized loans are repaid in: - correct answer equal periodic payments (annual, monthly...) to amortize a loan,...
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Add to cartloan amortization - correct answer occurs when a borrower pays back the principal over the life of the loan amortized loans are repaid in: - correct answer equal periodic payments (annual, monthly...) to amortize a loan,...
1. Amortization is the process that allocates the cost of assets - correct answer that have no physical structure, but will last for more than one year Assets that provide service of one year or longer are called - correct answer ...
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Add to cart1. Amortization is the process that allocates the cost of assets - correct answer that have no physical structure, but will last for more than one year Assets that provide service of one year or longer are called - correct answer ...
Example of finite geometric sequence - correct answer 1+ 1/3 + (1/3)^2 + (1/3)^7= (1/3)^8 - 1 ------------- 1/3 - 1 = 1.49977 What is the value of N? - correct answer the last exponent value in the set P=? R=? Y=...
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Add to cartExample of finite geometric sequence - correct answer 1+ 1/3 + (1/3)^2 + (1/3)^7= (1/3)^8 - 1 ------------- 1/3 - 1 = 1.49977 What is the value of N? - correct answer the last exponent value in the set P=? R=? Y=...
What is the APR on a 30 year, $500,000 loan at 4%, plus a half a point? - correct answer 4.04 What is the APR on a 15 year, $300,000 loan at 3%, plus 4 points? - correct answer 3.57 What is the APR on a 20 year, $400,000...
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Add to cartWhat is the APR on a 30 year, $500,000 loan at 4%, plus a half a point? - correct answer 4.04 What is the APR on a 15 year, $300,000 loan at 3%, plus 4 points? - correct answer 3.57 What is the APR on a 20 year, $400,000...
4 categories of long-lived assets: - correct answer land, land improvements, buildings, equipment` Three characteristics: - correct answer physical substance, used in operations, not for sale to customers Operating expen...
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Add to cart4 categories of long-lived assets: - correct answer land, land improvements, buildings, equipment` Three characteristics: - correct answer physical substance, used in operations, not for sale to customers Operating expen...
If you make monthly payments of $2,500 for 8 years, determine the total payment over the lifetime of the loan. a. $20,000 c. $200,000 b. $30,000 d. $240,000 - correct answer d. $240,000 You have just inherited $150,261 from a trust that has matured. Yo...
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Add to cartIf you make monthly payments of $2,500 for 8 years, determine the total payment over the lifetime of the loan. a. $20,000 c. $200,000 b. $30,000 d. $240,000 - correct answer d. $240,000 You have just inherited $150,261 from a trust that has matured. Yo...
In a constant payment loan calculation using PMT in Excel™, _______ represents the number of payments required in the loan schedule. - correct answer Nper One helpful use of an amortization schedule is to check off each payment as you make it and therefore a...
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Add to cartIn a constant payment loan calculation using PMT in Excel™, _______ represents the number of payments required in the loan schedule. - correct answer Nper One helpful use of an amortization schedule is to check off each payment as you make it and therefore a...
formula - correct answer A(n) ________ in Excel™ is a software instruction to the program to calculate the quantities in cells on the worksheet. Answers: formula square root argument matrix true - correct answer One...
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Add to cartformula - correct answer A(n) ________ in Excel™ is a software instruction to the program to calculate the quantities in cells on the worksheet. Answers: formula square root argument matrix true - correct answer One...
Three basic types of loans - correct answer 1. Pure discount loans 2. Interest-only loans 3. Amortized loans Pure discount loans - correct answer Loan in which the borrower receives money today and repays a single lump su...
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Add to cartThree basic types of loans - correct answer 1. Pure discount loans 2. Interest-only loans 3. Amortized loans Pure discount loans - correct answer Loan in which the borrower receives money today and repays a single lump su...
Which of the following best describes a borrower obtaining a loan where the payment includes principal, interest, taxes and insurance? - correct answer Answer: Budget Loan Explanation: A lender prefers a budget mortgage as real property taxes have a higher pri...
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Add to cartWhich of the following best describes a borrower obtaining a loan where the payment includes principal, interest, taxes and insurance? - correct answer Answer: Budget Loan Explanation: A lender prefers a budget mortgage as real property taxes have a higher pri...
Accounting for The Use of Non-Current Assets - correct answer Non-current assets are purchased or sometimes leased for use in the ordinary activities of the business in order to generate sales revenue. Businesses must take into account the fact thar their non-cur...
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Add to cartAccounting for The Use of Non-Current Assets - correct answer Non-current assets are purchased or sometimes leased for use in the ordinary activities of the business in order to generate sales revenue. Businesses must take into account the fact thar their non-cur...
fully amortizing loan - correct answer fully repaid at maturity by periodic reduction of the principal. When a loan is fully amortized, the payments the borrower makes are equal over the duration of the loan. Any mortgage other than a 30-year, fully amortiz...
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Add to cartfully amortizing loan - correct answer fully repaid at maturity by periodic reduction of the principal. When a loan is fully amortized, the payments the borrower makes are equal over the duration of the loan. Any mortgage other than a 30-year, fully amortiz...
Amortization is the process of paying off loans by regularly reducing the - correct answer principal Which of the following is the simplest form of loan - correct answer pure discount loan an interest rate expressed in t...
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Add to cartAmortization is the process of paying off loans by regularly reducing the - correct answer principal Which of the following is the simplest form of loan - correct answer pure discount loan an interest rate expressed in t...
Suppose that you borrow $200,000 in the form of a 12-year loan with an annual interest rate of 6% with monthly payments and monthly compounding. How much interest will you pay in the first year of the loan? - correct answer $11,680.6453 Suppose that you borrow...
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Add to cartSuppose that you borrow $200,000 in the form of a 12-year loan with an annual interest rate of 6% with monthly payments and monthly compounding. How much interest will you pay in the first year of the loan? - correct answer $11,680.6453 Suppose that you borrow...
What is the most common method of depletion? - correct answer Units of production Depletion formula? - correct answer Cost less residual value or salvage value divided by estimated total amount to be extracted. What is t...
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Add to cartWhat is the most common method of depletion? - correct answer Units of production Depletion formula? - correct answer Cost less residual value or salvage value divided by estimated total amount to be extracted. What is t...
Give some examples of long term assets? - correct answer Property, Plant, Equipment, and Intangibles What makes an asset long-term? - correct answer They have benefits over a prolonged period of time. When should the cos...
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Add to cartGive some examples of long term assets? - correct answer Property, Plant, Equipment, and Intangibles What makes an asset long-term? - correct answer They have benefits over a prolonged period of time. When should the cos...
What is the order columns of the Amortization Table? - correct answer A: Interest Payment B: Interest Expense C. Discount Amortization D. Discount Balance E. Carrying Value A: Interest Payment - correct answer Face Valu...
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Add to cartWhat is the order columns of the Amortization Table? - correct answer A: Interest Payment B: Interest Expense C. Discount Amortization D. Discount Balance E. Carrying Value A: Interest Payment - correct answer Face Valu...
Amortize - correct answer pay down debt through payments over time Amortization Schedule - correct answer table of numbers underlying the balance and payment graphs, namely the loan balance over time and the payment split i...
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Add to cartAmortize - correct answer pay down debt through payments over time Amortization Schedule - correct answer table of numbers underlying the balance and payment graphs, namely the loan balance over time and the payment split i...
Open-End Credit - correct answer A common way of buying on credit that has no fixed payments. Credit Limit - correct answer The maximum amount of credit that can be charged to a card. Credit Accounts - correct answer ...
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Add to cartOpen-End Credit - correct answer A common way of buying on credit that has no fixed payments. Credit Limit - correct answer The maximum amount of credit that can be charged to a card. Credit Accounts - correct answer ...
characteristics of intangible assets - correct answer - lack physical substance - provide future economic benefit when do we recognize intangible assets on the balance sheet? - correct answer - internally-generated intangi...
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Add to cartcharacteristics of intangible assets - correct answer - lack physical substance - provide future economic benefit when do we recognize intangible assets on the balance sheet? - correct answer - internally-generated intangi...
Premium (straight-line) - correct answer Bond carrying value is adjusted downward to par and its amortized premium downward to zero (carrying value - amortized bond premium= par) Unamortized Bond Premium/Discount - correct answer ...
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Add to cartPremium (straight-line) - correct answer Bond carrying value is adjusted downward to par and its amortized premium downward to zero (carrying value - amortized bond premium= par) Unamortized Bond Premium/Discount - correct answer ...
Which of the following best defines negative amortization: A. It is the same as interest only, with no interest being paid. B. Not only is no principal being paid, but not all of the interest due is being paid, hence the loan balance is growing due to this deferred interest. C. It is the same as ...
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Add to cartWhich of the following best defines negative amortization: A. It is the same as interest only, with no interest being paid. B. Not only is no principal being paid, but not all of the interest due is being paid, hence the loan balance is growing due to this deferred interest. C. It is the same as ...
Cost allocation overview: what is the logical allocation of acquiring property, plant and quipment and intangible assets - correct answer Property plant and equipment and intangible assets are purchased with the expectation that they will provide future benefits ...
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Add to cartCost allocation overview: what is the logical allocation of acquiring property, plant and quipment and intangible assets - correct answer Property plant and equipment and intangible assets are purchased with the expectation that they will provide future benefits ...
Bond - correct answer Debt security in which bondholder is a creditor and issuer is a debtor Bond indenture - correct answer Certificate which evidences bond True - correct answer T/F...
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Add to cartBond - correct answer Debt security in which bondholder is a creditor and issuer is a debtor Bond indenture - correct answer Certificate which evidences bond True - correct answer T/F...
Capital (AHA definition) - correct answer any single item with purchase price of $5k or more intended to be used more than once. fixed assets - correct answer assets that are relatively permanent, such as land, buildings, a...
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Add to cartCapital (AHA definition) - correct answer any single item with purchase price of $5k or more intended to be used more than once. fixed assets - correct answer assets that are relatively permanent, such as land, buildings, a...
T/F: You can depreciate personal property. - correct answer False T/F: You can depreciate inventory. - correct answer False - Inventory is technically held primarily for the sale to customers in the ordinary course of busin...
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Add to cartT/F: You can depreciate personal property. - correct answer False T/F: You can depreciate inventory. - correct answer False - Inventory is technically held primarily for the sale to customers in the ordinary course of busin...
MORTGAGE GUARANTY INSURANCE... - correct answer Insurance for lender against lost from private mortgage insurance companies (PMICs). Mortgagee... - correct answer Lender or creditor Mortgagor... - correct answer ...
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Add to cartMORTGAGE GUARANTY INSURANCE... - correct answer Insurance for lender against lost from private mortgage insurance companies (PMICs). Mortgagee... - correct answer Lender or creditor Mortgagor... - correct answer ...
Accelerated mortgages - correct answer An Acceleration Mortgages clause outlines the reasons that the lender can demand loan repayment. adjustable-rate mmortgages (ARM) - correct answer A variable-rate mortgage, adjustable-...
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Add to cartAccelerated mortgages - correct answer An Acceleration Mortgages clause outlines the reasons that the lender can demand loan repayment. adjustable-rate mmortgages (ARM) - correct answer A variable-rate mortgage, adjustable-...
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