A person is applying for a 20-year bank mortgage in order to purchase a house. When will this person become the sole owner of the home without the bank having any claim on the property?
o As soon as the application for the mortgage is approved by the bank.
O As soon as the mortgage company makes the down payment.
O When more than one-half of the mortgage payments have been made.
When all the mortgage payments have been made.

Archangel manufacturing calculated a predetermined overhead allocation rate at the beginning of the year based on a percentage of direct labor costs. the production details for the year are given below. calculate the manufacturing overhead allocation rate for the year based on the above data. (round your final answer to two decimal places.) a) 42.42% b) 257.14% c) 235.71% d) 1, 206.90% archangel production details.

For each of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both: 1. sec examiner 2. bookkeeping department 3. division controller 4. external auditor (public accounting firm) 5. loan officer at the company's bank 6. state tax agency auditor 7. board of directors 8. manager of the service department 9. wall street analyst 10. internal auditor 11. potential investors 12, current stockholders 13. reporter from the wall street journal 14. regional division managers

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