Answer:
Zach's annual opportunity cost of the financial capital(implicit + explicit)that has been invested in the business is $700.
Explanation:
opportunity cost = 3%($10,000) +8%($5,000)
= $300 + $400
= $700
Therefore, Zach's annual opportunity cost of the financial capital(implicit + explicit)that has been invested in the business is $700.
Zach's annual opportunity cost of the financial capital invested in his business is $700.
Explanation:To calculate Zach's annual opportunity cost of the financial capital invested in his business, we need to consider both the explicit and implicit costs. Explicit costs refer to the actual expenses incurred, while implicit costs include the opportunity cost of using the capital in another productive way.
For the explicit cost, Zach withdrew $10,000 from his savings account, which is not earning any interest in his business. This is the actual monetary cost incurred.For the implicit cost, the $5,000 borrowed from the bank at an 8% interest rate needs to be considered. This represents the opportunity cost of using that $5,000 in an alternative investment that could have earned a return.Therefore, Zach's annual opportunity cost would be the interest earned on the $10,000 savings account and the interest paid on the $5,000 bank loan. The calculation would be:
Opportunity Cost = (10,000 imes 0.03) + (5,000 imes 0.08)
Opportunity Cost = $300 + $400
Opportunity Cost = $700
Which type of organizational purchase situation is characterized by high purchase importance and complexity, a large and evolving decision-making unit that includes the top of the organization, a long time to decision, extensive information search and analysis techniques, and a dominant strategic focus?
Answer:
New Task
Explanation:
The new task is a company purchasing scenario where the purchaser initially buys a products or services for the first time with no testing experience.
An comprehensive search is performed to assess alternatives, however. The higher the price or risk concerned, the more decision-making participants ' knowledge is required.
For instance, an organization that purchases raw resources for the first time to produce devices.
Brad, a project manager, wants to build a database to integrate information about employees and tasks that they handle. Brad wants to track information such as task name, percentage completed, and employee name. These aspects that Brad wants to track are called ______________.
a) identifiers
b) records
c) primary keys
d) entities
Answer:
Explanation:
D.entities
Shelly offers to sell Jane goods that Shelly, but not Jane, knows are stolen. Jane accepts the offer, and agrees to pay for the goods. Later, Jane refuses to accept or pay for the goods. If knowledge is not an element of this crime, and Shelly sues Jane for breach of contract, what is the probable result?
Answer:
Probably, Shelly's sue doesn't get to much effect.
Explanation:
First of all, we need to know what is a breach of contract.
Breach of contract refers to failing perform any agreement or contract term, without a legal excuse (means that if Jane has a legal excuse, she have the right to decline the agreement, and she could have it.).
A important element is that they didn't write any contract. So, there's no physical prove against Jane. Since that goods are stolen, if Shelly wants to appeal, it could be found the true, because obviously Shelly doesn't have any prove to demonstrate goods are hers.
So, the probably result is nothing happens. Shelly's sue doesn't get affect Jane.
The dollar appreciates against foreign currencies. This makes foreign-produced goods __________ for Americans and U.S.-produced goods __________ for foreigners. As a result, U.S. __________ fall and U.S. __________ rise
Answer:
The correct answers that fills the gaps are: cheaper; more expensive; exports; imports.
Explanation:
In general terms, a revaluation means a deliberate adjustment of the official exchange rate of a country in relation to a chosen baseline. The baseline can be anything from salary rates to the gold price of a foreign currency. In a fixed exchange rate regime, only a decision of a country's government (that is, the central bank) can alter the official value of the currency.
In the event that a government has established that 10 units of its currency are equal to one United States dollar, upon revaluation, the government may change the rate to only five units per dollar. This would result in the local currency becoming twice as expensive for people who buy it with dollars as before and the dollar would cost only half for those who buy it with foreign currency.
Before the Chinese government revalued the yuan, it was linked to the United States dollar. It is now linked to a basket of world currencies.
When trading with more developed countries, less developed countries have a comparative advantage in the production of all goods or services. less developed countries do not have a comparative advantage in the production of any goods or services. less developed countries have a comparative advantage in the production of some goods or services.
Answer:
less developed countries do not have a comparative advantage in the production of any goods or services.
Explanation:
Usually less developed countries do not have a full developed production
As the regional sales manager of a pet food distribution company, Anjala implements plans designed by upper management and coordinates the activities of lower-level sales managers. Anjala is an example of a ______ manager.
Answer:
The correct answer is Middle.
Explanation:
The middle level managers or middle managers are one step above the top managers. They serve as intermediaries between managers of the lowest level and the highest level within the management hierarchy. These administrators may still be involved in the daily operations of the company, but they often depend on the entry of the first level administrators. Mid-level managers are generally operations managers or general managers, but they can also serve as regional managers.
As the regional sales manager of a pet food distribution company, Anjala implements plans designed by upper management and coordinates the activities of lower-level sales managers. Anjala is an example of a middle manage
Middle managers serve as a crucial link between the upper management and lower-level managers, ensuring that the strategies and directives from the top are effectively carried out at the operational level.
In this hierarchical structure, senior management. or upper management, makes strategic decisions and develops broad plans. Middle managers like Anjala translate these strategies into actionable plans and oversee their execution by the lower-level managers. This system allows for a coordinated effort throughout the company, enhancing both communication and accountability across different levels of the organization. For example, in a company like Nestlé, middle managers play a vital role in both top-down and bottom-up planning approaches, contributing to the corporate agenda while ensuring local managers are involved in the decision-making process. This enables a shared understanding and commitment towards achieving the business's goals and vision.When the formal regime in the country of Zoalia collapsed, the growth of many entrepreneurial firms was facilitated by informal constraints based on personal relationships and connections among managers and officials. This is an example of _____.
a) informal constraints providing constancy for managers and firms in situations where formal constraints are unclear
b) firms’ behavior being exclusively controlled by formal institutions
c) firms’ behavior being exclusively controlled by informal institutions
d) informal constraints increasing uncertainty for managers and firms in situations where formal constraints are unclear
Answer:
The answer is D) informal constraints increasing uncertainty for managers and firms in situations where formal constraints are unclear.
Explanation:
When you don´t have formal restraints and the same rules that apply for all, uncertainty among managers and their firms will increase.
This is a clear example of corruption taking place in a country where formal institutions or governments have collapsed or have been overthrown and the "new leaders" benefit from the situation. In this case the companies or firms which are "friendly" to the new government will flourish because no formal institutions or constraints remain. Instead they are replaced by informal constraints setup to favor specific firms and companies. That means that the "new leaders" may establish new rules for the companies or firms to follow at their will in order to favor whoever they want.
This may benefit the "new leaders" and their "friends" but it hurts all the other companies and firms. In order for a company to keep on doing business as usual, or get a new contract or license, it will probably need to become friends with the new regime and that usually means payments and other types of bribes.
Multinational enterprises (MNEs) are firms, both for profit companies and not-for-profit organizations, that have operations in more than one country, and conduct their business through foreign subsidiaries, branches, or joint ventures with host country firms. True or false?
Answer:
True
Explanation:
As we know, the word national is used for representing single nationality of any person, individual or an enterprise.
When we use the word multinational it represents the companies having their branches and operational offices, not only in one nation, but in multiple nations.
For this organizations prefer, subsidiaries joint venture investments, or simply branches.
Therefore, the statement is:
True
The excess of the fair value of the consideration received over the stated value of no par common stock should be credited to _____________
a) Common stock.
b) Additional paid‐in capital.
c) Retained earnings.
d) A liability account.
Answer:
b) Additional paid‐in capital.
Explanation:
Common stock: When the stock is issued at the par or stated value is recorded under the common stock.
Additional paid-in capital: When the excess value received over the stated value than it is credited to the additional paid-in capital
Retained earning: The earning which is left after paying the dividend to the shareholders. It is shown under the liabilities account
Liability account: The account in which the due amount is recorded. Like: Bill payable, accounts payable.
So, all other options are wrong except b option
Frank Barlowe is retiring soon, so he is concerned about his investments providing him steady income every year. He is aware that if interest rates _____, the potential earnings power of the cash flow from his investments will icrease. In particular, he is concerned that a decline in interest rates might lead to _____ annual income from investments. What kind of risk is Frank most concerned about protecting against?a. interest rate riskb. reinvestment rate riskTrue or false: assuming all else is equal, short-term securities are exposed to higher reinvestment rate risk than long-term securities.a. trueb. falso
Answer: He is aware that if interest rates increase, the potential earnings power of the cash flow from his investments will increase. In particular, he is concerned that a decline in interest rates might lead to less annual income from investments.
Frank is most concerned about protecting agains the "b. reinvestment rate risk" because it is the risk that interest rates will fall and therefore the investor must reinvest the cash flows of current assets at a lower rate than he did at the beginning. And as a consequence there is a decrease in income.
True or false: TRUE. Because Cash flows receivable in the short term are closer to being reinvested than cash flows receivable in the long term.
Frank Barlowe is worried about reinvestment rate risk, which is a concern when interest rates decline and reduce future investment income. The statement that short-term securities have higher reinvestment rate risk than long-term securities is false.
Explanation:Frank Barlowe is primarily concerned about reinvestment rate risk. This risk arises when the interest rates decline, and the future cash flows from his investments potentially generate less income when they are reinvested. In the case of a decline in interest rates, Frank is worried that his annual income from investments could decrease, indicating that he is trying to protect against reinvestment rate risk.
For the true or false question, the statement is false. Assuming all else is equal, short-term securities are exposed to lower reinvestment rate risk compared to long-term securities. This is because short-term securities mature more quickly, which provides more frequent opportunities to reinvest at potentially higher rates, while long-term securities lock in the interest rate for a longer period, hence higher risk of rates falling during this time.
During his conference with Lynn, Michael listens carefully to Lynn's complaints about anything and everything, identifies and writes down specific problems, and finally tells Lynn that they will talk again when Lynn is ready to discuss solutions. Judging by his handling of Lynn, Michael believes that Lynn is a
a. bully.
b. backstabber.
c. whiner.
d. know-it-all
Answer: Option C
Explanation: Whiner term is used for individuals, who have complaint about everything around them. In other words, these are the individuals who keeps complaining all the time and blame the situations for their failures.
In the given case, Lynn is complaining about everything and anything. Michael on the other hand wants to end the meeting with her by asking her to come back with solutions.
Thus, from the above we can conclude that Michael believes that Lynn is a whiner. He believes that she cannot be satisfied no matter what actions he take.
Answer:c.
Explanation:
whiner
Burglar Bob breaks into Vince Victim’s house. Bob steals a flat-screen television and laptop and does a significant amount of damage to the property before he leaves. Fortunately, Vince has a state-of-the-art security system. It captures excellent images of Bob, who is soon caught by police. Assume that two legal actions follow, one civil and one criminal. Who will be responsible for bringing the civil case? What will be the outcome if the jury believes that Bob burgled Vince’s house? Who will be responsible for bringing the criminal case? What will be the outcome if the jury believes that Bob burgled Vince’s house?
Answer:
The answers are:
Vince Victim´s lawyerBurglar Bob will have to pay a monetary compensation.The District AttorneyBurglar Bob will have to spend some time in jail.Explanation:
Vince Victim´s lawyer is responsible for bringing the civil case against Burglar Bob. If Vince wins, then Burglar Bob will probably have to pay a certain amount of money to Vince Victim in compensation for the damages he caused.
The District Attorney´s office is responsible for bringing the criminal case against Burglar Bob. If the jury finds Burglar Bob guilty then he will probably spend some time in jail.
Identical products, as well as a large number of buyers and sellers, are characteristics of a (perfectly competitive or monopolistic) market. In such markets, sellers of goods(cannot or can) influence the prevailing market price, giving them the role of price (takers or makers) in the market.
True or False: The market for tomatoes does exhibit the two primary characteristics that define perfectly competitive markets.
Answer:
The correct answer is: perfectly competitive; cannot; takers.
Explanation:
The two main characteristics of a perfectly competitive market is a large number of buyers and sellers and homogenous products.
Because of a large number of sellers, any single firm is not able to influence the market price. This makes the firms in a perfectly competitive market to be price takers.
It is true that the market for tomatoes has these two main characteristics i.e homogeneous products and a large number of buyers and sellers.
Jones Financial Services Company performed accounting services for a client in December. A bill was mailed to the client on December 30. The company received the client's check by mail on January 5. Which of the following accounts should appear on the income statement for the year ended December 31 as related to the services performed?
A) Unearned Revenue
B) Prepaid Expen inDeember.
C) Accounts Receivable
D) None, there is no entry in December.
Answer:
The correct answer is C) Accounts Receivable.
Explanation:
Accounts receivable is the name of the account where the increases and cuts linked to the sale of different items to products or services are recorded. This account is made up of bills of exchange, credit titles and promissory notes in favor of the company.
Accounts receivable, therefore, grant the right to the organization to require subscribers of credit titles to pay the documented debt. This is a future benefit accredited by the account holder.
Among the accounts receivable, one can speak of accounts receivable from the client (when the latter takes credit with the company) and accounts receivable from employees and officials (record salary advances and other criteria). Another distinction between accounts receivable is given by the time in which said credit can be converted into cash (short-term accounts receivable, long-term accounts receivable, etc.).
Fiona shares an office with her exminus−husband. Her share of the rent and utilities is $625 per month. She is considering moving to a home office which she will not have to share with anyone. The home office will not cost her anything as far as extra rent or utilities. Recently, you ran into Fiona at the gym and she tells you that she has moved into her home office. Fiona is as rational as any other person. As an economics major, you rightly conclude that ______
Answer:
Th answer is: She definitely made the right choice.
Explanation:
As an economics major and a rational human being I can firmly state that Fiona is not only saving $625 per month in rent and utilities, but also on several different aspects of her life that will probably boost her productivity. She is not only saving money on the rent, she probably is also saving some money (and time) in transportation costs. Also she´ll probably save money on other expenses that are usually not considered important but can be significant, for example:
Food and beverages: it´s always cheaper to eat at home.Clothing: if her work doesn´t require clients to personally visit her office, she can save money by wearing regular daily clothes instead of more fancy office type garments. Etc.Besides the previous advantages, not seeing and dealing your ex-anything again, as Mastercard said it, is PRICELESS.
In 2022, Spencer Realty considered conducting a survey of every home to determine which homes may be put on the market within the next year. This information would be included in their financial statements as a predictor of potential future revenue. The cost of the survey would be $2.6 million, and the results would not differentiate potential business for Spencer Realty compared to other realtor companies. If Spencer Realty decided to not conduct the survey, that decision is likely based on which concept?
Answer:
The correct answer would be, Cost Constraint.
Explanation:
Cost Constraint is a concept of accounting, which states that the cost of providing information must be measured against the benefits attained or achieved from the use of the same information.
So in this question, If Spencer Realty decides not to conduct the survey, it would be the cost constraint that is restricting them to do it, as it is requiring a huge amount of 2.6 million dollars to do the survey and they know that the results derived from this survey would not differentiate potential business for them as compared to other realtor companies. So they can stop themselves just because of the cost constraint.
Providing an analysis for a company regarding adding a particular product line, retracting sales markets, or dealing with risks or opportunities are some of the responsibilities of managerial accountants.True / False.
Answer:
The answer is true.
Explanation:
The managerial accounting must do:
-planning and desition support.
For example, fully absorbed and incremental costing, adaptive operation and cost-based planning, product process channel and customer strategic adaptatios, enterprise optimization.
-Performance evaluation and analysis.
Assessment of current strategy and plans, integrated cost operational performance measures, profitability reporting, process analysis.
John is the head of the insurance claims department. John works for longer hours than his subordinates. However, John is not paid overtime for working more than 40 hours per week. Under the FLSA, which of the following will justify the organization's decision not to give John overtime pay?
A. John is not a U.S. citizen.
B. John comes from an economically strong background.
C. John is unmarried.
D.John is considered as an exempt employee.
E. John has lower educational qualifications than his subordinates.
Answer:
The correct answer is D.John is considered as an exempt employee.
Explanation:
Some employees are exempt from overtime pay provisions, even when they are covered by other FLSA provisions. Although the actual determination of the exempt and non-exempt status is complex, exempt employees usually meet three tests: payments greater than US $ 455 per week, receive a salary instead of an hourly rate and perform a job in an exempt category listed by the US Department of Labor. Exempt categories include supervisors, managers, professional services and some administrative jobs.
"Which of the following assumptions means that money is the common denominator of economic activity and provides an appropriate basis for accounting measurement and analysis?
a. Monetary unit.
b. Periodicity.
c..Economic entity.
d. Going concern."
Answer:
Which of the following assumptions means that money is the common denominator of economic activity and provides an appropriate basis for accounting measurement and analysis?
a. Monetary unit
Explanation:
Monetary unit assumption (also known as money measurement concept) states that only those events and transactions are recorded in books of accounts of the business which can be measured and expressed in monetary terms.
The monetary unit is a simple and universally recognized basis of communicating financial information
Match each term with the correct definition.
Private
Property
Freedom of enterprise
mutually agreeable
freedom of choice
self-interest
Competition
Market
a. An institution that brings buyers and sellers together: .
b. The right of private persons and firms to obtain, control, employ, dispose of, and bequeath land, capital, and other property: .
c. The presence in a market of independent buyers and sellers who compete with one another and who are free to enter and exit the market as they each see fit: .
d. The freedom of firms to obtain economic resources, decide what products to produce with those resources, and sell those products in markets of their choice: .
e. What each individual or firm believes is best for itself and seeks to obtain: .
f. Economic transactions willingly undertaken by both the buyer and the seller because each feels that the transaction will make him or her better off: .
g. The freedom of resource owners to dispose of their resources as they think best; of workers to enter any line of work for which they are qualified; and of consumers to spend their incomes in whatever way they feel is most appropriate: .
Answer:
Private Property - The right of private persons and firms to obtain, control, employ, dispose of, and bequeath land, capital, and other property.
Freedom of enterprise - The freedom of firms to obtain economic resources, decide what products to produce with those resources, and sell those products in markets of their choice.
Mutually agreeable - Economic transactions willingly undertaken by both the buyer and the seller because each feels that the transaction will make him or her better off.
Freedom of choice - The freedom of resource owners to dispose of their resources as they think best; of workers to enter any line of work for which they are qualified; and of consumers to spend their incomes in whatever way they feel is most appropriate.
Self-interest - What each individual or firm believes is best for itself and seeks to obtain.
Competition - The presence in a market of independent buyers and sellers who compete with one another and who are free to enter and exit the market as they each see fit.
Market - An institution that brings buyers and sellers together.
Based on the concept of economics and the available information, the correct words and their meanings include A= Market, B = Property, C = Competition, etc.
Matching Each Term with Correct Definitiona. An institution that attracts buyers and sellers together: Market.
b. The right of private persons and firms to obtain, control, employ, dispose of, and bequeath land, capital, and other property: Property.
c. The presence in a market of independent buyers and sellers who compete with one another and who are free to enter and exit the market as they each see fit: Competition.
d. The freedom of firms to obtain economic resources, decide what products to produce with those resources, and sell those products in markets of their choice: Freedom of enterprise.
e. What each individual or firm believes is best for itself and seeks to obtain: Self-interest.
f. Economic transactions willingly undertaken by both the buyer and the seller because each feels that the transaction will make him or her better off: Mutually agreeable.
g. The freedom of resource owners to dispose of their resources as they think best; of workers to enter any line of work for which they are qualified; and of consumers to spend their incomes in whatever way they feel is most appropriate: Freedom of choice.
Hence, in this case, it is concluded that each terms have different meanings that is peculiar to them.
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Bloom's Garden Center Company Selected data from the financial statements of Bloom's Garden Center are provided below. 2012 2011 Accounts receivable $ 70,000 $ 56,000 Inventory 15,000 20,000 Total assets 450,000 380,000 Net sales 400,000 300,000 Cost of goods sold 200,000 180,000 Refer to the selected data provided for Bloom's Garden Center. Which of the following would result from a horizontal analysis of Bloom's balance sheet?a. Accounts receivable increased $14,000 or 25% during 2012.
b. The accounts receivable turnover ratio is 6.35 times in 2012.
c. Accounts receivable is around five times larger than inventory in 2012.
d. Accounts receivable is 15.6% of total assets in 2012.
Answer:
a. Accounts receivable increased $14,000 or 25% during 2012.
Explanation:
The horizontal analysis of Bloom's will compare each account with the same account of a base previous year.
The 2012 accounts receivables will be compared with the 2011 accounts receivable.
The nominal increase: 70,000 - 56,000 = 14,000
The percent increase: 14,000/56,000 = 0.25
So the account receivable increases by 14,000 which is 25% of the 011 of the 2011 AR
The Caucasus Mountains along the northeastern border of Georgia (one of the former Soviet republics) makes it difficult for the nation to trade with other former Soviet republics that are to its north and east. The mountain range acts as _________________
Answer:
The answer is: natural barrier
Explanation:
The Caucasus Mountains are a natural barrier since it interferes with travel and trade between country of Georgia and its northern neighbors. Other types of natural trade barriers are different languages and long distances.
The other two types of trade barriers are tariff barriers (taxes, etc.) and non-tariff barriers (e.g. import quotas, embargoes, etc.).
The Caucasus Mountains serve as a geographical barrier that makes trade difficult between Georgia and other former Soviet republics to its north and east. The region's rugged terrain has historically impacted trade routes, political borders, and cultural exchanges.
Explanation:The Caucasus Mountains act as a significant geographical barrier that complicates trade and travel between Georgia and the former Soviet republics located to its north and east. This mountain range encompasses the region between the Black Sea and the Caspian Sea and includes countries such as Armenia, Georgia, and Azerbaijan. It has served as a strategic and cultural crossroads throughout history, but its rugged terrain and significant elevation changes can hinder easy movement and communication.
The Caucasus region, due to its mountainous geography, has often formed a natural barrier much like the historic Iron Curtain, influencing political, social, and economic interactions. Georgia's location in the Caucasus Mountains offered pathways between various empires and facilitated trade and conquest; however, the same terrain now presents challenges for establishing efficient trade routes with neighboring regions.
Overall, the geography of the Caucasus Mountains region has had a profound impact on the historical and contemporary relationships between the countries of the area, including the complexities of trade, politics, and cultural exchange.
The National Honor Society is an example of a CTSO.
True or False?
Answer:
The answer to your question is False.
Answer:
The answer to that question is false
True or false. The functional organization is the oldest and most basic form of organization, and it is the type of organization most often represented in corporation shareholder reports and organizational reports.
Answer:
True
Explanation:
Functional Organization is the most basic, simple and oldest form of organization as it clearly bifurcates the operations of organization on the basis of different departments and functions.
These are bifurcated as follows:
Information IT, Marketing, Finance, Production, Etc:
In this manner the shareholder and organizational reports are prepared, as this simplifies the understanding of reports, for the users of reports.
Porches, Inc. sells lawn furniture. Selected financial information for the most recent year is as follows: Beginning merchandise inventory on January 1 was $ 33 comma 100. Ending merchandise inventory on December 31 was $ 35 comma 400. Purchases during the year were $ 92 comma 800. Selling and administrative expenses were $ 75 comma 700. Sales for year were $ 262 comma 900. What was operating income for the year?
Answer:
Operating Loss: -3,200
Explanation:
1 - First, let's calculates the cost of goods sold:
Cost of Sold Good: Beginning inventory + Purchases - Ending inventory
Cost of Sold Good: 133,100 + 92,800 - 35,400
Cost of Sold Good: 190,500
2 - Then we can calculated the Operating Income:
Operating Income: Sales - Cost of Sold Good - Selling and administrative expenses
Operating Income: 262,900 - 190,500 - 75,700
Operating Income: - 3,300
We will call it Operating Loss because is negative. The company expends more than its sales.
Operating Loss: -3,300
Shoshanna, the regional manager of a global sales organization, gives freedom to the sales representatives on the amount spent on gifts for prospective Asian and European customers. Shoshanna is managing for ____.A. Global diversityB. International PoliticsC. Ethical StandardsD. Dilemma ResolutionE. Global Standards
Answer:
C. Ethical Standards
Explanation:
According to my research on different managerial responsibilities and tasks, I can say that based on the information provided within the question Shoshanna is managing for ethical standards. This term refers to an action or principle that when acted upon, promotes values such as trust, good behavior, fairness, and/or kindness. Which is what Shoshanna is doing.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Earned net income of $65,000 after deducting depreciation of $8,000 and all other expenses. Current assets decreased by $7,000, and current liabilities increased by $9,000. How much was Salem Nursery's cash provided by operating activities (indirect method)?
Answer:
Cash provided by operating activities is 89.000
Explanation:
The indirect method involves the adjustment of net income with changes in balance sheet accounts to arrive at the amount of cash generated by operating activities.
It depends on the account if it is added or subtracted to net income. Below you will find the added account with a plus (+) and the subtracted ones with a minus (-)
Notice the amounts of any decreases are in parentheses.
Net income 65.000
Adjustment to reconcile the net income to cash
+ Depreciation expense 8.000
+ Current assets decrease 7.000
+ Current liabilities increase 9.000
Net cash 89.000
A __________________ is a residential mortgage financing option in which a property is purchased using more than one mortgage from one or more mortgages. Very often, a second mortgage is secured from a lender different from the one providing the first mortgage.
Answer: Piggyback loan
Explanation: Also known as second trust loan, piggy back loans refers to the borrowings when a borrower takes two loans simultaneously. In such a case, the first loan is taken at 80 percent of the home value and the second for covering the rest 20 percent down payment.
These are considered an alternative for private mortgages.
An agent of a broker-dealer that works out of a branch office during the week sends e-mails to customers about potential investment ideas from his home when he works during weekends. Which statement is TRUE?
A. These e-mails are not required to be retained because they originate from the agent's home and not from the agent's regular place of business
B. These e-mails are not required to be retained because only physical, not electronic, records are subject to the record retention requirements
C. These e-mails must be retained for a minimum of 1 year
D. These e-mails must be retained for a minimum of 3 years
Answer:
The correct answer is D. These e-mails must be retained for a minimum of 3 years.
Explanation:
One of the most comprehensive data protection laws in the United States is the (Health Insurance Transferability and Accountability Act (HIPAA). This federal law enacted in 1996 creates protections for health-related information specifically, HIPAA specifies who may have access to your health information.This information is generally only available to medical professionals who are using it for care and treatment coordination purposes. Information that is subject to protection includes the notes of your medical providers and records, records of your health insurer, information and conversations that your doctor has with other professionals about your care and treatment services.
All of the following statements about the economic philosophy in Texas are true EXCEPT
A. Texas is a Right-to-Work state and is proud of its pro-business climate.
B. The median wage in Texas is much higher than the national average.
C. While Texas has a high poverty rate, it also has a high number of billionaires living within its boundaries.
D. Texas has one of the most regressive tax structures in the nation.
E. A regressive tax structure is one that places a higher tax rate on the poor than the wealthy.
Answer:
The answer is: B) The median wage in Texas is much higher than the national average. THIS STATEMENT IS FALSE.
Explanation:
If you take the facts from the Census ACS 1 year survey, the median household income in Texas is $59,206 (2017 data) and a median hourly wage of $17,06 (2016 data from the Bureau of Labor Statistics).
If you compare those numbers with the national average, the US median household income is $60,336 (the national average is $1,130 higher than the Texas median household income). Historically the Texas median household income has been lower than the national average.
If we consider the median hourly wage in Texas of $17,06 (2016 data) and we compare to the national hourly wage of $17,81 (2016 data from the Bureau of Labor Statistics) we can clearly see it´s also lower. The top ten states with the highest median hourly wage are: Alaska, Massachusetts, Connecticut, Washington, Maryland, New York, New Jersey, California, Minnesota, Hawaii, with hourly wages ranging from $22.68 to $19.24