A borrower on a conventional mortgage makes a 25% down payment. With that amount of down payment, she will be required to obtain ________.

A.        FHA insurance
B.         VA insurance
C.         private mortgage insurance
D.        GNMA payment guarantees
E.         none of the above

A dress is marked down 15%, and then it is marked down 25% from the discounted price. By what percent is the dress marked down from the original price after both discounts? Show all work. Why is the discount not equal to 40% off of the original price?

The following table depicts statistics on GDP per capita (ie, GDP/population) in column (1) and its growth rate for the country groups (column 2) defined by GDP levels (High-income, Middle-income and Low-income). They are all expressed as real (constant) GDP.

Source: The World Bank,

http://databank.worldbank.org/data/reports.aspx?source=world-development-indicators

Throughout this question, assume constant growth rates for each of the country groups that are equal to their average value between year 2000 and 2010 (column 2 of Table). Answer the following questions (show all the calculation steps to get the partial marks):

Compute the ratio of GDP per capita of the different income groups in year 2010 (expressed in the one decimal point in %): (1.5 mark, 0.5 each)

Middle- to High-income group

Low- to High-income group

Low- to Middle income group

Compute the approximate number of years it will take the Low-income and Middle-income countries to double their GDP per capita. (1 mark)

Approximate the GDP per capita for High-income, Middle-income and Low-income groups for the year 2088, and fill in column 3 of the Table. (1.5 mark, 0.5 each)

Repeat part a) of the question with the computed GDP per capita in year 2088 (1.5 mark, 0.5 each)

Now compare your answers in part a) and part d). Comment on any changes occurred between year 2010 and 2088. (2 mark)

True Financial corporation is a financial services holding company headquartered in ithaca new york, that offers banking insurance and wealth management service. It pays cash dividends quarterly and also issues stock dividends periodically.

1. At March 31, 2012, True had 9,726,700 shares issued with a par value of $7.00 per share and $75,00 share held in treasury. On April 25, 2012, the company announced that its Board of Directors approved payment of a regular quarterly cash dividend of 3.50 per share , payable on May 15, 2012, to common shareholder of record on May 7,2012. Assume no shares were acquired or sold by the company after March 31. Give the journal entry to record the declaration of the cash dividend.

2. At December 31, 2009, True reported 5,918,200 shares issued with a par value of $7.00 per share and 11,200 share held in treasury. On January 27,2010, the company announced that its board of directors approved payment of a regular quarterly cash dividend of $3.60 per share, payable on February 25, 2010 to common shareholders of record on February 5, 2010. The board also approved the payment of 5% stock dividend distributable on February 25, 2010, to common shareholders of record on February 5, 2010. The share price was $50 when the stock dividend was issued. Assume no treasury shares were acquired or sold after June 30. Prepare the journal entry to record true 's stock dividend.

3. True issued 5% stock dividends in 1995, 2003, 2005, 2006, 2010. In 1998, True issued a three-for-one split. If an investor purchased 1,200 shares in 1994, how many shares would the investor have in 2012?

Hershey Company is one of the world’s leading producers of chocolates, candies, and confections. The company sells chocolates and candies, mints and gums, baking ingredients, toppings, and beverages. Hershey’s consolidated balance sheets for 2009 and 2010 follow:

Additional information for 2010:    Total sales                        $5,671.0

                                                  Costs of goods sold           $3,255.8

                                                  Net income                       $   509.8

REQUIRED:

1. Compute the common-size balance sheet for 2010 and the rate of change balance sheet for 2010.

In early January 2010​, you purchased ​$19 comma 000 worth of some​ high-grade corporate bonds. The bonds carried a coupon of 7 4/8% and mature in 2024.

You paid 95.463 when you bought the bonds. Over the five years from 2010 through 2014​, the bonds were priced in the market as​ follows:

Coupon payments were made on schedule throughout the​ 5-year period.

a. Find the annual holding period returns for 2010 through 2014.

b. Use the average return information in the given table to evaluate the investment performance of this bond. How do you think it stacks up against the​ market? Explain.

a. The holding period return for 2010 is nothing​%. ​(Round to two decimal​ places.)

The holding period return for 2011 is nothing​%. ​(Round to two decimal​ places.)

The holding period return for 2012 is nothing ​%. ​(Round to two decimal​ places.)

The holding period return for 2013 is nothing​%. ​(Round to two decimal​ places.)

The holding period return for 2014 is nothing​%. ​(Round to two decimal​ places.)

b. Use the average return information in the given table to evaluate the investment performance of this bond. How do you think it stacks up against the​ market? Explain.  ​

The​ high-grade corporate bond investment has outperformed the market. The average rate of return for the investment is 13.21​% versus the average market rate of 5.83​%.

The market has outperformed the corporate bond investment. The average rate of return for the investment is 5.83​% versus the average market rate of 13.21​%.

which of the following accounts is not closed at the end of the accounting period

a. depreciation expense

b. deferred service revenue

c. sales

d. cost of good sold