What is the difference between a mortgage and a mortgage-backed security?
a. mortgages are usually used to create a portfolio, whereas mortgage-backed securities are held separately.
b. mortgages are provided to households or firms, whereas mortgage-backed securities are provided mainly to financial institutions.
c. no interest is paid on mortgage-backed securities, whereas interest and principal payments are paid on mortgages.
d. mortgages are loans, whereas mortgage-backed securities are bond-like debt instruments.

In three to four sentences, explain the effect of a price ceiling on the quantity of a good and who this intervention intends to assist

Which statement is true about the elements of the interface of a presentation program? a. the status bar appears at the top of the page and displays options to style your slides. b. the tool bar displays the thumbnails of your presentation slides in the order they will appear in the presentation. c. rulers indicate the margins, tabs, and indents in a presentation slide. d. the document area provides a list of commands to create, format, and edit presentations.

Elliott company produces large quantities of a standardized product. the following information is available for its production activities for march. units costs beginning work in process inventory 2,500 beginning work in process inventory started 25,000 direct materials $ 3,725 ending work in process inventory 5,000 conversion 11,580 $ 15,305 status of ending work in process inventory direct materials added 185,750 materials—percent complete 100 % direct labor added 182,375 conversion—percent complete 30 % overhead applied (140% of direct labor) 255,325 total costs to account for $ 638,755 ending work in process inventory $ 62,530 prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per eup, and its cost assignment and reconciliation. use the weighted-average method. (round "cost per eup" to 2 decimal places.)