Track income item - Study guides, Class notes & Summaries

HUD Housing Counseling Questions and Answers (Graded A) HUD Housing Counseling Questions and Answers (Graded A) HUD Housing Counseling Questions and Answers (Graded A) Which document should the counselor review with the client to identify spending habits and track expenses? A. Credit report B. Pay stubs C. Bank Statement D. Tax returns - ANSWER-Bank Statement Which additional information would the housing counselor need to prepare a household budget for this client? ...

Which inventory method results in the lowest cost of goods sold and highest net income in a period of rising prices?Answer - First in, first out A seller of recreational vehicles (RVs) wants to keep track of the actual cost of each item sold. Which inventory costing method should this business use to meet this goal?Answer - Specific identification $10,989 (50x$105 + 100x$108 + 100x$110 + 200x$112)/450 x (50 + 100 + 100 + 200 - 350)Answer - $10,989 (50*$105 + 100*$108 + 100*$110...

HUD Housing Exam Questions and Answers 100% Pass Which document should the counselor review with the client to identify spending habits and track expenses: - Correct Answer ️️ -Bank statement Which additional information would the housing counselor need to prepare a household budget for this client? - Correct Answer ️️ -Net income Which item in the client's budget is a fixed expense? - Correct Answer ️️ -Car lease payment What is the maximum percent of area medium income allo...

Which document should the counselor review with the client to identify spending habits and track expenses: - Bank statement Which additional information would the housing counselor need to prepare a household budget for this client? - Net income Which item in the client's budget is a fixed expense? - Car lease payment What is the maximum percent of area medium income allowable for a household to qualify for a Housing Choice Voucher? - 50% Which is the maximum recommended housing ratio fo...

What should be included in a committee report? - ️️Matters to be decided, recommendations, and supporting research. What is included in a financial report? - ️️Information on the community's financial condition and activities, such as general ledger, variance, income statement, and balance sheet. What does it mean to amend a motion? - ️️To modify another motion by adding, striking out, or substituting words or paragraphs. What is abstention? - ️️Not voting or not castin...

HUD Housing Counseling Exam Questions and Answers 100% Pass Which document should the counselor review with the client to identify spending habits and track expenses? A. Credit report B. Pay stubs C. Bank Statement D. Tax returns - Correct Answer ️️ -Bank Statement Which additional information would the housing counselor need to prepare a household budget for this client? A. Net Income B. Lease Documentation C. Credit Score D. Bankruptcy Discharge - Correct Answer ️️ -Net In...

Which document should the counselor review with the client to identify spending habits and track expenses? - Answer Bank Statement Which additional information would the housing counselor need to prepare a household budget for this client? - Answer Net income Which item in the client's budget is a fixed expense? - Answer Car lease payment What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? - Answer 50% Whic...

What is the definition of vertical analysis of financial statements? Restricting attention to companies only in certain strategic industries Displaying each line item as a percentage of another for comparison to other companies in the industry Looking across time at a common-size financial statement and noting how relationships are changing Expressing each amount as a percentage of net income for the year correct answers Displaying each line item as a percentage of another for comparison to ...

HUD Housing Exam Questions and Answers 100% CorrectHUD Housing Exam Questions and Answers 100% CorrectHUD Housing Exam Questions and Answers 100% CorrectHUD Housing Exam Questions and Answers 100% CorrectHUD Housing Exam Questions and Answers 100% Correct Which document should the counselor review with the client to identify spending habits and track expenses: - ANSWER-Bank statement Which additional information would the housing counselor need to prepare a household budget for this cli...

HUD Housing Counselors Module 1.1 Financial Management/Budget with Complete SolutionsHUD Housing Counselors Module 1.1 Financial Management/Budget with Complete SolutionsHUD Housing Counselors Module 1.1 Financial Management/Budget with Complete SolutionsHUD Housing Counselors Module 1.1 Financial Management/Budget with Complete Solutions Track Income Item to include in budget - ANSWER-Regular Salary, Temporary Jobs, Unemployment compensation, Public assistance Track Income Items not to incl...