Discounted utility Samenvattingen, Aantekeningen en Examens

Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...

Intermediate Accounting - Chapter 9Which of the following is true about lower-of-cost-or-market? a. It is inconsistent because losses are recognized but not gains. b. It usually understates assets. c. It can increase future income. d. All of these. - correct answer d. All of these. The primary basis of accounting for inventories is cost. A departure from the cost basis of pricing the inventory is required where there is evidence that when the goods are sold in the ordinary course of b...

what is the industry term used to describe the sum of prices paid by a business's customers? -daily receipts -profit -profits less expenses -total revenues -total revenues historically, what concept have hospitality managers chiefly used to calculate their selling prices? -income -revenue -costs -profits -costs what is an algebraic equivalent of the formula: sales=costs+profit? -profit=sales-costs -costs=sales+profits -costs=profit-sales -prof...

Intermediate Accounting - Chapter 9Which of the following is true about lower-of-cost-or-market? a. It is inconsistent because losses are recognized but not gains. b. It usually understates assets. c. It can increase future income. d. All of these. - correct answer d. All of these. The primary basis of accounting for inventories is cost. A departure from the cost basis of pricing the inventory is required where there is evidence that when the goods are sold in the ordinary course of b...

The Economic Principle of Anticipation states that value is created by the expectation of benefits to be derived in the future. The Economic Principle of Substitution states that a property's maximum value tends to be set by the lowest cost or price at which another property of equivalent utility can be acquired. Chattel A mortgage on personal property. Balloon payment A payment on the balance due of a note at the end of the loan term that is in excess of the regular pa...

Term: What are the 8 steps of the valuation process? Definition: 1. Define the problem, 2. scope of work, 3. data collection & property description, 4. data analysis, 5. land value opinion, 6. application of the approaches to value, 7. reconciliation of value indications and final opinion of value, 8. report of defined value. Term: Valuation process Definition: A systematic procedure employed to provide the answer to a clients question about the value of real prope...

CHPA Industry Terms Exam 107 Questions with Verified Answers Additional Living Expense (ALE) Coverage - CORRECT ANSWER A type of insurance included within homeowners' policies. ALE coverage reimburses the insured for the cost of maintaining a comparable standard of living following a covered loss that exceeds the insured's normal expenses prior to the loss. For example, additional living expense insurance would cover an insured's motel bill while fire damage to the home is being repaired, ...

Your firm is the managing underwriter of an initial public offering. How many days must the firm's research analyst wait before issuing a research report on this IPO? A. There is no waiting period and research may begin anytime after the effective date B. Three days C. 10 days D. 25 days - Answer- C. 10 days If a firm is involved in an underwriting of an initial public offering and is the manager or comanager, it must maintain a quiet period of 10 days following an IPO or three days follow...

CCM Exam 90 Questions with Verified Answers Precertification is also known as: - CORRECT ANSWER prospective review The CCM is with a patient who is discussing suicidal thoughts. The MOST important question to ask the patient is - CORRECT ANSWER Do you have a plan The Health Effectiveness Data and Information Set (HEDIS) is - CORRECT ANSWER a widely used set of performance measures developed and maintained by the National Committee for Quality Assurance (NCQA) Telephonic case managers...

Basic Appraisal Procedures Exam Questions With 100% Correct Answers 8 Steps in the Valuation Process - answer1) Define the problem 2) Determine scope of work 3) Gather, record and verify the data 4) Determine the highest and best use 5) Estimate the land value 6) Estimate value by each of the 3 approaches (if applicable) 7) Reconcile the estimated values into the final opinion of value 8) Report the final opinion of value Defining the Problem: 6 Sub-steps within - answer-Identification...