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.
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.
Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
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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
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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