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.

Which of the following statements is correct? a. two firms with identical sales and operating costs but with different amounts of debt and tax rates will have different operating incomes by definition. b. free cash flow (fcf) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. c. retained earnings as reported on the balance sheet represent cash and, therefore, are available to distribute to stockholders as dividends or any other required cash payments to creditors and suppliers. d. if a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported on the income statement should be equal to its free cash flow. e. after-tax operating income is calculated as ebit(1 - t) + depreciation.

Increases in output and increases in the inflation rate have been linked to

Labor unions have used which of the following to win passage of favorable laws such as shorter work weeks and the minimum wage? a. strikes b. collective bargaining c. lobbying d. lockouts