Which of the following statements about mortgages is incorrect? Question 11 options:

The rate for an adjustable-rate mortgage usually starts higher than the current rates for a fixed-rate mortgage.

Many adjustable-rate mortgages specify maximum rate increases and ceilings.

If you obtain a fixed-rate mortgage at 6 percent today, the rate will still be 6 percent 20 years from now.

The rate on an adjustable-rate mortgage may go up or down based on changes in the economy.

Hanna intends to give her granddaughter, melodee, her antique hat pin. this heirloom has been kept under lock and key in the wall vault in the library of hanna's house in virginia. the hat pin is currently the only item in the vault. when hanna is visiting melodee in connecticut, hanna gives melodee the only key to the vault. melodee is grateful for the present and excitedly accepts. in this situation has there been a completed gift?

When the amount for land is 36,000 and the amount paid for expenses is 10,000, the balance of total asset is

howard, fine, & howard is an advertising agency. the firm uses an activity-based costing system to allocate overhead costs to its services. information about the firm's activity cost pool rates follows: stooge company was a client of howard, fine, & howard. recently, 7 administrative assistant hours, 3 new ad campaigns, and 8 meeting hours were incurred for the stooge company account. using the activity-based costing system, how much overhead cost would be allocated to the stooge company account?