Not typically included in a house payment

Assignment Help Accounting Basics

Reference no: EM13788662

1. Which of the following financial statements would answer the question, "What did the company decide to use their profit for?"

a. Income statement

b. Statement of cash flows

c. Statement of retained earnings

d. Balance Sheet

2. You borrow $20,000 to purchase a small cottage. If your loan rate is 8.5% interest per year and you are paying it over 60 months what is your loan payment amount?

a. $520.43

b. $410.33

c. $626.25

d. $333.33

3. Your housing expense ratio, the percentage of your monthly income that you can use for all your house expenses, must be less than which of the following percentages?

a. 15%

b. 22%

c. 28%

d. 36%

4. Which of the following is not typically included in a house payment?

a. Interest

b. Insurance

c. Realtor commission

d. Property taxes

Reference no: EM13788662

Questions Cloud

Licensure-certification requirements and career enhancement : Over the course of the past few modules you have learned about the theories of substance abuse counseling. This includes the ethical principles of counseling, ways to apply these principles, and the development of treatment plans, as well as many ..

Relationship between total liabilities and total assets : The relationship between total liabilities and total assets is the definition for which following ratio?

Contract for a sale of seventy-six made motion detectors : Mitch and Nadine enter into a contract for a sale of seventy-six specially made motion detectors. When Nadine does not deliver within a reasonable time after the agreed delivery date, Mitch files a suit for breach. Nadine asserts the doctrine of c..

Health concerns or disease associated with poor nutrition : Identify health concerns or disease associated with poor nutrition during the gestation period.

Not typically included in a house payment : Which of the following is not typically included in a house payment?

Determine which food sources made people sick : Recently, Earl attended a picnic at his daughter's school. The picnic was a potluck, and the food was served outdoors. Contributions included hamburgers, hot dogs, baked beans, potato chips, potato salad, coleslaw, apple pie, and vanilla ice cream..

Difference in the total mortgage payments : You plan to buy a $200,000 home. The bank suggests two options: (1) 10% down payment, $100/month PMI for the first 4 years, 30-year mortgage at 6% APR, and (2) 20% down payment, 30-year mortgage at 5% APR. What is the difference in the total mortg..

The decision logic of strategy development : What are the steps involved in the decision logic of strategy development. How would you employ these steps in planning for your own health care organization or one which you may someday lead

User Account

All Pages