Explain whether you agree or disagree with the following statement: "The largest sector of the CMBS market is securities issued by agency and government-sponsored securities."
What will be an ideal response?
One would not agree with the statement. Although securities backed by Ginnie Mae and issued by the two government-sponsored enterprises constitute the largest sector of the RMBS market, it is the securities issued by private entities that are by far the largest sector of the CMBS market. Typically, agency and government-sponsored securities are less than 3% of the CMBS market.
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If a corporation purchases a lot and building and subsequently tears down the building and uses the property as a parking lot, the proper accounting treatment of the cost of the building would depend on
a. the significance of the cost allocated to the building in relation to the combined cost of the lot and building. b. the length of time for which the building was held prior to its demolition. c. the contemplated future use of the parking lot. d. the intention of management for the property when the building was acquired.
Explain the importance of the requirements analysis phase of the systems development lifecycle (SDLC)
What will be an ideal response?