Answer:
The dept-to-income ratio. If someone is high risk, they have trouble paying off their debts, and are less likely to pay it back.
Explanation:
Answer: D. Whether the gift was reasonable in the circumstances
Explanation:
One of the code of American Institute of Certified Public Accountants is that members should maintain their integrity and be objective in carrying out their duties.
In the situation above, the major consideration should be whether or not the gift is appropriate and reasonable in the circumstances.
Answer:
Explanation:
Before preparing the income statement, first, we have to compute the net income or net loss. So, the calculation is shown below:
In the simplest form, the net income = Total revenue - total expenses
= Fees earned - office expenses - miscellaneous expense - wages expense
= $935,665 - $215,205 - $18,715 - $449,120
= $256,625
The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:
b. the amount for your mortgage payments will decline over the life of your loan.
c. the amount of interest paid per mortgage payment will remain the same over the life of your loan.
d. the amount of prin?
Answer:
(a). At the beginning of your loan, your payments are covering mostly interest. At the end of your loan, your payments are covering mostly principal.