For a loan to be within the scope of the Truth in Lending Act, it needs to be $25,000 or less. Unless secured by a mortgage on real easte.
What does the Truth in Lending Act do?It is a federal act that was passed to stop creditors from using the lack of knowledge of debtors to make them heavily indebted by offering huge loans.
As a result of that act, loans now have to be $25,000 or less unless there is a mortgage on a real estate property that the creditor can use to recoup the loan in case of a default.
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George and Betty, a middle-aged couple, have watched their savings account dwindle over the years. They both make good incomes and can't understand why they aren't saving more each month. Below is their financial information to complete an income statement. Gross monthly income: $8,000 Income taxes withheld monthly: $2,300 Monthly interest income from investments: $100 Monthly insurance payments: $700 Monthly housing expenses: $4,500 Monthly food expenses: $800 Miscellaneous expenses: $400 What is George and Betty's net income
The net income of George and Betty has been calculated to be $600.
What is net income?This is the term that is used to describe a person's gross income minus all other expenses which are to be accounted for.
In other to solve for the net income, we have to first determine the pay that Betty and George have.
revenue = Gross income + interest income
= 8000 + 100
= 8100
Next we solve for the expenses
taxes withheld + insurance payments + housing + food + miscellaneous
= 2300 + 700 + 4500 + 800 + 400
= 8700
Net income = 8700 - 8100
= $600
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Dvds are an example of a product in the _______ stage. the demand for dvds has now been surpassed by the demand for blu-ray discs and online streaming of content. this stage is governed by the change in consumer tastes and the rate at which new products enter the market.
Dvds are an example of a product in the decline stage in which the demand for dvds has now been surpassed by the demand for blu-ray discs and online streaming of content.
What is a product life cycle?A product's life cycle refers to the process a product goes through right from its introduction to the market, until it declines or people stop buying it.
It is to be noted that no matter how amazing a product is, it must follow the product life cycle.
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from a company's viewpoint, the existence of an active, liquid, well-organised market in existing shares:
The existence of an active, liquid, well-organized market in existing shares A. facilitates the raising of further capital in the secondary market.
What is a secondary market?A secondary market is a securities market for the exchange of securities and assets among investors rather than with the issuing entities.
The types of secondary markets include:
Over-The-Counter MarketsStock ExchangesAuction marketsDealer markets.Thus, from a company's viewpoint, the existence of an active, liquid, well-organized market in existing shares A. facilitates the raising of further capital in the secondary market.
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Abe Wilson works as a city councilman in large city on the east coast. As part of his duties, he negotiated the purchase of some land in order to build a new water treatment plant for the city. The land was sold to the city by Jake Bryan for terms that were favorable to the city. After the sale was finalized, Bryan treated Abe and his wife to an all-expenses-paid Alaskan cruise. This type of fraud is known as:
This type of fraud by Abe Wilson is known as c. An illegal gratuity.
What is an illegal gratuity?An illegal gratuity results from the giving and acceptance of a gift in response to an action or decision by a public official.
Illegal gratuity is not the same as bribery or economic extortion, which are usually pre-agreed in exchange for performance or decision.
Like bribery and economic extortion, illegal gratuity creates a conflict of interest for the public official.
Question Completion with Answer Options:a. A conflict of interest
b. Bribery
c. An illegal gratuity
d. Economic extortion
Thus, this type of fraud by Abe Wilson is known as c. An illegal gratuity.
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bundling products makes sense for the seller when:
Bundling of product is a tactic to sell the products and usually the sellers use this type of marketing techniques to sell their products.
What is a Product?A product is a commodity that is produced by a seller and is then sold to the consumer, at a market price.
Bundle of products are made when there are products that have low demand and are not sold separately, these type of products are bundled with the products that have high demand and are presented as a bundle on a relatively cheaper price to attract the customer.
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Suppose a severe drought results in a poor harvest and leads to higher overall food prices. This situation is a _____ shock and is likely to lead to _____ inflation.
Suppose a severe drought results in a poor harvest and leads to higher overall food prices. This situation is a "supply" shock and is likely to lead to "cost-push" inflation.
What is cost-push inflation?Cost-push inflation happens when a good or service's supply changes but its demand remains the same. Cost push is one of the two causes of inflation. The other is demand-pull inflation.
The causes of cost-push inflation are-
The most frequent causes of it include
monopolies, wage increases, natural disasters, the introduction of regulations, and changes in exchange rates.In this situation, the supply levels fall down due to loss of harvest and demand remains the same. This will drive up the prices, leading to inflation.
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Christopher just received his checking account statement from his bank. He has a NOW account with free checking that pays 0.75% APR on the balance and requires a $500 minimum balance. His statement shows that he currently has a balance of $3,950. In looking at his statement he notices that his car payment check for $400 is still outstanding, and that his recently received payroll deposit of $3,600 had not posted at the time the statement was created. His normal living expenses average $1,500 per month including his car payment. Other than his car loan, he rarely writes any checks as he prefers to use his debit card and ATM card for day-to-day living expenses. He pays his credit card balance in full every month. Other than his checking account he does not own any investments. He has always dreamed of owning a house, and would like to buy one within the next five years. He has access to a 401(k) pension plan at work where his employer will match contributions up to 6% of his salary. He currently contributes 2% of his salary to this plan. Christopher has not received an Income Tax refund in 4 years. Is there anything you could recommend to him
Yes, I would recommend that Christopher should increase his 401(k) contributions to 6% of his salary.
What is 401(k)?A 401(k) refers to a type of savings plan that is sponsored by a business firm (employer), so as to avail its employees an opportunity to contribute a certain amount of money into.
In this scenario, I would recommend that Christopher should increase his 401(k) contributions to 6% of his salary because it would reduce his income tax for the next five years while taxing only his withdrawals.
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ways in wich painting is an innovative idea
Answer:
ExplanationThey say that it is possible to resist an army of men but not an idea whose time has come. For an artist, generating maritime painting ideas or ideas for any other form of painting is critical. However, no artist flows in continuous inspiration because we have times when the “well” of inspiration dries. But how can you maintain a steady flow of oil painting ideas to express your artistic genius when the occasion demands? The remaining sections of this post will expose some of the ways of doing so.
Look Behind You:
Look Around You
Ask, and You Will Receive
Enhance Your Previous Ideas
in the purchase process, once the company's needs have been identified and product specifications have been outlined, the next step would involve ________.
The next step in the purchase process will be to identify and determine the potential suppliers.
What is a purchase process?It should be noted that that purchasing process simply has to do with the buying of goods and services.
In this case, in the purchase process, once the company's needs have been identified and product specifications have been outlined, the next step would be to identify and determine the potential suppliers.
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In the semi-strong-form of market efficiency, fundamental analysis most likely requires the analyst to:
The fundamental analysis will most likely requires the analyst to extrapolate historical data to estimate future values and make investment decisions in the semi-strong-form of market efficiency.
What is the market efficiency?This refers to how the current prices reflect the present, available, relevant information about the actual value of the underlying assets.
Hence, in the semi-strong-form of market efficiency the fundamental analysis will most likely requires the analyst to extrapolate historical data to estimate future values and make investment decisions.
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Meng Company maintains a $375 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $95 for office supplies, $190 for merchandise inventory, and $35 for miscellaneous expenses. There is a cash shortage of $9. The journal entry to replenish the fund on January 31 is:
The journal entry to replenish the fund on January 31 is $46.
What is a replenishment?In a journal entry, this refers to refilling up a depleted cash box in a petty cash system.
The replenishment = $375- $190 - $95 - $35 - $9
The replenishment = $46
Therefore, the journal entry to replenish the fund on January 31 is $46.
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What is the summary of the podcast "Go after what you want before it's too late with" by Rich Cardona
Answer:
The podcast is about how to go after what you want in life before it's too late. Rich Cardona interviews people who have done just that and shares their stories.
A management perspective that suggests jobs should be designed to meet higher-level needs by allowing workers to use their full potential is called a
Perspective that shows jobs have to be designed to satisfy better degree wishes to permit employees to apply their complete ability is known as Human Resources perspective.
What is the Human resource perspective?
Human Resource Management is the region of administrative awareness coping with an organization's personnel. Therefore, locating and preserving desirable personnel is essential for a agency to transport in the direction of success.
Human Resource management (HRM) has received speedy and giant popularity as a brand new time period for dealing with employment. It is greater express in each areas; its evaluation of commercial enterprise strategy, an related employment strategy, and exposition of an underlying philosophy. Human Resource Management (or more modern ones, like International Human Resource Management) manifestly does now no longer emerge through accident. There isn't any any popular settlement at the that means of Human Resource Management.
In fact, there are various and contradictory models; but they encompass not unusual place factors that distinguish them from preceding procedures to dealing with people – specifically, employees management.
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Substitution and income effects of a change in price of a good may be used to explain the:
Substitution and income effects of a change in price of a good may be used to explain the: Price Effect, income effect, and substitution effect.
What is the substitution and the income effect?The substitution effect has to do with the replacement of cheaper goods with the ones that are more expensive.
The income effect is the result of consumption that a person engages in based on their income changes.
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How does a mutual fund differ from an index
fund?
---
a. Mutual funds group the stocks in their
funds together while index funds do
not.
b. Mutual funds are passively managed
while index funds are actively managed.
c. Mutual funds typically have lower fees
than index funds.
d. Mutual funds are actively managed by a
professional while index funds are not.
Answer:
i will for D because that is the right answer
Brad is a cardiovascular surgeon in a group practice at Emory University. Within his practice, Brad is the surgeon who puts in stent grafts. Other group members are transplant surgeons and surgeons. This example shows that, unlike goods, services are _______. a. more heterogeneous and less standardized and uniform b. stored, warehoused, and inventoried c. tangible performances d. produced in a centralized location and consumed in decentralized locations
Based on the role that Brad plays and the roles played by the other group members who are transplant surgeons, services are a. more heterogeneous and less standardized and uniform.
How do services differ from goods?Services are not as standardized as goods because they often need to be tailored to the needs of the customer.
Brad puts in stent grafts depending on the injury, and the other transplant surgeons have to customize their services as well. This shows that services are heterogenous for the most part.
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Spock Enterprises has a market value of $100 million in debt outstanding. They also have a market value of equity of $400 million. Shareholders require a 12% return on their shares and creditors require a 7% before-tax return on their investment. The weighted average return required by investors in Spock Enterprises is Blank______%.
The weighted average return required by investors in Spock Enterprises is Blank 0.11%. The answer is 0.11%. Read below about weighted average return.
How does one calculate weighted average return?One calculate a weighted average by multiplying its relative proportion or percentage by its value in sequence and adding those sums together. Consequently, supposing a portfolio has 65% stocks, 50% bonds, and 10% cash, those weights would be multiplied by their annual performance to get a weighted average return.
Therefore, (0.2x0.07) + (0.8x0.12) = 0.11 and as a result the answer is 0.11%
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Jessica always thought the grace-period feature of her credit card was a wonderful idea because her charges were interest-free during the grace period. After taking Dr. Art Keown's personal finance course, she learned this startling truth about grace periods. Question 16 options: Grace periods are actually beneficial to the credit card company. There are higher fees associated with grace periods. Most banks eliminate their grace period on new purchases if you don't pay your balance in full. All credit cards carry a grace period.
The truth that Jessica is going to have to learn about Grace period is the fact that Most banks eliminate their grace period on new purchases if you don't pay your balance in full.
What is a credit card grace period?The grace period in the card is that time that exists between the end of the billing cycle and when the payment is due to be made by the customer.
If the customer pays in full before the date they may not be asked to pay any form of interest.
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1. Under which type of law would a dispute concerning copyrights be addressed?
common law
contract law
civil law
statutory law
2. A neighbor hires his son’s friend to mow his grass once a week. His son’s friend is 14 years old. This implied contract would be deemed invalid because it did not meet which component of a valid contract?
capacity
mutual agreement
consideration
legal purpose
3. A police officer pulls you over on the Interstate and gives you a ticket because you broke the law by failing to signal a lane change. What type of law did you break?
common law
statutory law
code law
civil law
1. (D) Statutory law
Statutory laws are written laws that have been approved by a legislature (either a state or federal legislature).Statutes may require specific action, prohibit them act as declarations of intention or lay out the ways in which government will act in certain circumstancesSo, this proves that if any dispute related to copyright be addressed in Statutory law with all rules and regulations.
2. (A) Capacity
Valid contract is a written or expressed agreement between two parties to provide a product or service.An age of a person is defined i.e. 18 years to come in valid contract but if a contract made with a minor is considered as a void contract.3. (A) Statutory law
Statutory laws are written laws that have been approved by a legislature (either a state or federal legislature).Statutes may require specific action, prohibit them act as declarations of intention or lay out the ways in which government will act in certain circumstances.learn more about this here-
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what is the primary target market for a best cost-provider?
The primary target market for a best cost-provider is the value-conscious buyers.
What is this value-conscious buyers about?Value consciousness is a term that connote that consumers often pay more attention to deals and any kind of unique offers and are prepared to buy in bulk to be able to get discounts.
Therefore, The primary target market for a best cost-provider is the value-conscious buyers.
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a modified endowment contract is best described as
A modified endowment contract is best described as a life insurance contract that has accumulated cash values higher than the IRS allows.
What is modified endowment contract?This refers to the highest amount of premium that can be paid into a policy and still have it recognized as a life insurance contract.
Hence, a modified endowment contract is best described as a life insurance contract that has accumulated cash values higher than the IRS allows.
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Transaction exposure reflects: a.the exposure of a firm's financial statements to exchange rate fluctuations. b.the exposure of a firm's cash flows to exchange rate fluctuations. c.the exposure of a firm's local currency value to transactions between foreign exchange traders. d.the exposure of a firm's international transactions to exchange rate fluctuations.
Most times, the transaction exposure reflects the exposure of a firm's international contractual transactions to exchange rate fluctuations
What is a transaction exposure?This refers to the level of uncertainty that a firm involved in an international trade faces because of the risk that fluctuation of currency exchange rates presents.
Hence, its reflects the exposure of a firm's international contractual transactions to exchange rate fluctuations
Therefore, the Option A is correct.
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at the household level, higher saving rates lead to ______ and greater economic security.
At the household level, higher saving rates lead to greater wealth and greater economic security. This is further explained below.
What is savings?Generally, Saving is simply defined as the share of income not spent on current expenses. In other words, it is the money held away for future use and not spent immediately.
In conclusion, Increased wealth and financial stability are the results of increased personal savings.
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On January 1, 2020, Archer, Incorporated, paid $100,000 for a 30% interest in Harley Corporation. This investee had assets with a book value of $550,000 and liabilities of $300,000. A patent held by Harley having a book value of $10,000 was actually worth $40,000 with a six-year remaining life. Any goodwill associated with this acquisition is considered to have an indefinite life. During 2020, Harley reported net income of $50,000 and paid dividends of $20,000 while in 2021 it reported net income of $75,000 and dividends of $30,000. Assume Archer has the ability to significantly influence the operations of Harley. The amount allocated to goodwill at January 1, 2020, is
The amount allocated to goodwill at January 1, 2020, is $16,000.
GoodwillFirst step
Book value purchased = (550,000 - 300,000) ×30%
Book value purchased= 250,000 ×30%
Book value purchased= 75,000
Excess=75,000 × 30%
Excess= 25,000
Second step
Allocated to patent= (40,000 - 10,000)×30%
Allocated to patent= 30,000×30%
Allocated to patent= 9,000
Third step
Goodwill = 25,000 - 9,000
Goodwill=$16,000
Therefore the amount allocated to goodwill at January 1, 2020, is $16,000.
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Suppose your main competitor has just introduced a new technology by which customers are really delighted about that technology. the customers are increasing substantially after introducing that new technology in the market. as a top-level manager, what should you do at this moment for your organization?
As a top-level manager of the organization, the duty of the manager is to come up with a business strategy that can be effectively applied to the situation so that it works in favor of the organization.
How a company can conquer technological challenges?Sustaining in the market by lowing the prices of the products.Introducing discounts and combo offers to attract customers.Creating better customer-business relationships so that a business rapport can be built.Working with the team, brainstorming some ideas which can bring positive results for the organization with the existing products available in the market.Thus, these are some of the ways a manager can adapt to survive through a technological threat.
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Which of the following is the least profitable investment for a candy shop that earns $1 revenue per pound of candy? (5 points) Group of answer choices Worker at $10 per hour, producing eight pounds of candy per hour Worker at $12 per hour, producing 16 pounds of candy per hour Machine with $5 per hour operating cost, producing 10 pounds of candy per hour Machine with $8 per hour operating cost, producing 14 pounds of candy per hour
Answer:
d
Explanation:
it was on the test really simple
Answer:
Worker at 10 dollars per hour, producing 8 pounds of candy
Explanation:
Got it right on the test
Suppose you work in Management and are collaborating with Human Resources to create a regression equation to predict turnover (people quitting their jobs). You believe that job satisfaction (as measured on a 50-point scale), age of the employee (in years), and the current unemployment rate will all be useful predictors and you want to test your model. When building the Complete 2nd Order Model, you will need to do all EXCEPT which of the following:
We can actually deduce here that when building the Complete 2nd Order Model, one can do all except: C. Create an interaction between age and each of the levels of job satisfaction.
What is Complete Second Order Model?The complete second degree (order) model is actually known to be a polynomial model that includes the linear terms, second degree terms and the interaction term.
The options that complete the question are:
A. Create a curvilinear term for job satisfaction
B. Create an interaction between unemployment rate and age
C. Create an interaction between age and each of the levels of job satisfaction
D. Create a curvilinear term for age.
Thus, options C is the one that wouldn't be carried out in the Complete Second Order Model.
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g The international Fisher effect: Group of answer choices is an example of absolute PPP focuses on changes over time in the relative price of traded baskets of goods and services between two countries none of the answers is correct is the difference in nominal interest rates across countries reflecting the difference in expected rates of inflation in those countries explains how the financial market prices one country's currency in terms of another's
The international Fisher effect is the difference in nominal interest rates across countries reflecting the difference in expected rates of inflation in those countries.
What does the Fisher effect show?It shows that the nominal rate of interest in a nation usually follows the inflation rate because an inflation-adjusted rate needs to be formed.
This then leads to a change in exchange rates between countries because the difference in nominal rates shows the difference in inflation which is what devalues or appreciates a currency.
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Changes in an individual's behavior resulting from previous experiences is:
Changes in an individual's behavior resulting from previous experiences is: Learning.
What is learning?This can be described as the changes that are evident in a person as a result of instructions that they received.
Learning is only said to have taken place when there is a difference between what was and what now exists.
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A credit balance in cash over and short is reported as a(n)
When there is a credit balance in the cash over and short account this is reported as Revenue.
What is the cash over and short account?This is an expense account which shows the variance between cash balance than the company expects, and the actual cash balance that is seen.
A credit balance means that it is revenue because a debit balance would be an expense.
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