Which One of the Following Is NOT a Reason Why

question 64

Multiple Choice

Which one of the following is NOT a reason why mortgage prepayments occur?

• A)house securing the mortgage is sold
• B)increase in interest rates
• C)homeowner's spouse dies
• D)homeowner faces job transfer
• E)home is refinanced

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Break-even Point

The point where total sales revenue is equal to total expenses, yielding neither profit nor loss.

Sales Mix

Sales mix is the proportion of different products or services that a business sells, impacting the overall profitability based on the differing margins of each item.

Operating Income

Profit realized from a business's core operations, calculated before taxes and interest.