Which accounting method records transactions only when cash is received or paid? Select one: a. Accrual Accounting b. Profit Accounting c. Leverage Accounting d. Cash Accounting What are the benefits and risks of a closed mortgage? Select one: a. Benefits: flexibility, lower interest rate. Risks: prepayment penalties, lack of portability. b. Benefits: high prepayment limits, no penalties. Risks: higher interest rate. lack of flexibility. c. Benefits: flexibility, no prepayment penalties. Risks: higher interest rate. penalties when selling the property. d. Benefits: lower interest rate, no penalties. Risks: lack of flexibility, penalties when selling the property.

COMPREHENSIVE MICROSOFT OFFICE 365 EXCE
1st Edition
ISBN:9780357392676
Author:FREUND, Steven
Publisher:FREUND, Steven
Chapter5: Working With Multiple Worksheets And Workbooks
Section: Chapter Questions
Problem 10AYK
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Which accounting method records transactions only when cash is received or paid?
Select one:
a. Accrual Accounting
b. Profit Accounting
c. Leverage Accounting
d. Cash Accounting
Transcribed Image Text:Which accounting method records transactions only when cash is received or paid? Select one: a. Accrual Accounting b. Profit Accounting c. Leverage Accounting d. Cash Accounting
What are the benefits and risks of a closed mortgage?
Select one:
a. Benefits: flexibility, lower interest rate. Risks: prepayment penalties, lack of
portability.
b. Benefits: high prepayment limits, no penalties. Risks: higher interest rate.
lack of flexibility.
c. Benefits: flexibility, no prepayment penalties. Risks: higher interest rate.
penalties when selling the property.
d. Benefits: lower interest rate, no penalties. Risks: lack of flexibility, penalties
when selling the property.
Transcribed Image Text:What are the benefits and risks of a closed mortgage? Select one: a. Benefits: flexibility, lower interest rate. Risks: prepayment penalties, lack of portability. b. Benefits: high prepayment limits, no penalties. Risks: higher interest rate. lack of flexibility. c. Benefits: flexibility, no prepayment penalties. Risks: higher interest rate. penalties when selling the property. d. Benefits: lower interest rate, no penalties. Risks: lack of flexibility, penalties when selling the property.
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