Based on the factual information provided on Joe's Machine Shop, we calculated the following answers to the five questions.
a.) The economic order quantity (EOQ) for the brackets is 767.
b.) The average inventory for the brackets would be 383.5 and the annual inventory holding cost would be $492.45.
c.) The number of orders that would be made each year would be 4, and the annual order cost would be $75.00.
d.) The total annual cost of managing the inventory would be $567.45.
e.) The time between orders would be 62.5 days.
f.) The reorder point (ROP) for the brackets would be 767.
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"A system of performance measures, including nonfinancial measures, used to assess company and division manager performance is:_______. Multiple Choice
Hurdle rate.
Return on investment
Balanced Scorecard.
Residual income
Investment turnover"
Answer:
it is balanced scorecard
During the year, Lox, Stock and Bagel Inc.'s net income was $60,000. Its average stockholders' equity was $240,000, and it had 120,000 shares outstanding the entire year. Its stock was selling for $10 per share. Its P/E ratio equals ______. The company has no preferred stock.
20.00
Lox, Stock, and Bagel Inc. earned $60,000 in net profits over the course of the year. In the course of the year, it had 120,000 outstanding shares and an average shareholders' equity of $240,000. Shares of the stock were trading for $10 each. It has a 20 Price earning ratio.
But many value investors would use the 20 to 25 range as the typical P/E ratio range to give you an idea of what the market average is. And once more, just as in golf, the lower the P/E ratio, the better an investment the firm is said to be.
P/E Ratio = Market Value per Share / EPS
Now,
Market Price of the Share = $10 per share (given)
EPS (Earnings Per Share) = Net Income / Average Share Outstanding
EPS = $60,000 / 120,000
= $0.5
So
P/E Ratio = $10 / $0.5
= 20
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for which of the following taxes is there no limit on the amount of annual earnings subject to the tax? multiple choice federal unemployment tax social security tax federal income tax state unemployment tax
There is no limit on the amount of annual earnings subject to the tax known as Federal Income Tax, which means option C is correct.
Federal income tax is the tax levied by federal government on the annual income of the person in a financial year. The taxes on food, clothes, gifts, salaries etc. also comes under Income Tax. In most countries, these taxes are progressive in nature, which means more the income, more will be the taxes. This is done to prevent low wage workers from spending their most money in the form of taxes, with which they might earn a daily bread for an extra day. All the employees working in formal sector, organizations and trusts are liable to pay income taxes. There are several brackets made for income taxes based on the salary.
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When a specific account receivable is determined to be uncollectible, which of the following occur? (Select all that apply.)Bad debt expense is recognizedSales revenue is recognizedAllowance account is reducedAccount receivable is reduced
The correct option is C : The allowance account is reduced. You must reverse the write-off item and record the payment when you receive money that you wrote off as uncollectable.
Increase the accounts receivable account with a debit and decrease the allowances for doubtful accounts account with a credit to reverse the write-off entry.
It is an accounting technique in which the value of accounts receivable (AR) on a company's balance sheet is discounted in exchange for cash balances.
When a certain customer's account is determined to be uncollectible, the journal entry used to write off the account is as follows: Accounts Receivable credit (to remove the amount that will not be collected) A reduction in the Allowance for Doubtful Accounts (to reduce the Allowance balance that was previously established)
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Full Question ;
When a specific account receivable is determined to be uncollectible, which of the following occur? (Select all that apply.
A Net income is reduced.
B The gross amount of accounts receivables is reduced.
C The allowance account is reduced.
D Bad debt expense is increased.
When recording journal entries for production costs using a standard cost accounting system, the favorable variances are recorded as ____ and the unfavorable variances are recorded as ______.
credits; debits
When recording journal entries for production costs using a standard cost accounting system, the favorable variances are recorded as credit and the unfavorable variances are recorded as debit.
Due to the fact that manufacturers are unable to estimate exact costs in advance, standard costing is the technique of estimating costs during the production process. This methodology is used by manufacturers to forecast future costs for a variety of factors, including labour, materials, production, and overhead.
The production team uses this information to estimate anticipated expenses and create budgets and plans accordingly. The terms projected cost, predetermined cost, expected cost, and budgeted cost are all used to describe standard costs. Even before the production process is finished, standard costing aids manufacturers in setting the prices of the finished goods.
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Which of the following correctly identifies a fiscal policy and a monetary policy that would be used to combat inflation?
Fiscal policy aims to reduce consumer spending and industry investment in inflationary times by increasing taxes or cutting government spending.
Which philosophy has a significant tendency to support the right to school prayer?Contrary to what is known as social liberalism, the word "social conservatism" refers to conservative viewpoints on social and cultural problems such abortion, same-sex marriage, and school prayer (cultural liberalism).
Which fiscal or monetary strategy is better at stabilizing a recession-hit economy?He explains that the conventional wisdom has been to rely on monetary policy by decreasing interest rates during a recession. When that strategy fails, the focus usually shifts to fiscal policy, such issuing stimulus cheques. He observes that once rates fall too low, further reductions are impossible.
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If the demand for loanable funds shifts right and the supply of loanable funds shift right, then
a) the real interest rate falls and the equilibrium quantity of loanable funds rises.
b) the real interest rate and the equilibrium quantity of loanable funds both rise.
c) the real interest rate is indeterminate but the equilibrium quantity of loanable funds rises.
d) the real interest rate and the equilibrium quantity of loanable funds both fall.
e) the real interest rate rises and the equilibrium quantify of loanable funds falls.
If both the supply and the demand of loanable funds shift to the right, then (c) the actual interest rate is deterministic but the maximum level of loanable funds advances. IS THE CORRECT Response
What causes the rightward movement in the quantity of loanable funds?
The availability of loanable cash rises as households become more frugal, that is, as households decide to save more. The production schedule for loanable funds in Figure is shifted down and to the right as a result of the increase in supply, ceteris paribus, which lowers the optimum interest rate
.What will occur if the market forces for loanable funds transform?
The necessity for loanable funds has changed. As a result, there will be a greater demand for loanable funds, which raises the current interest rate. In other words, when the industry is performing well, we would anticipate seeing an increase in real interest rates and the number of funding provided.
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a company issues 1,000 shares of its $5 par common stock that has a market value of $10 and 1,000 shares of its $20 par preferred stock that has no established market value for a lump sum of $50,000. therefore, $10,000 of the proceeds will be allocated to the common stock accounts and $40,000 to the preferred accounts.
The amount to be allocated to the common stock is $6000. The given statement is false.
Given that,:
Number of common stocks issued = 1000
Value of common stock = $5
Market value per share = $10
Number of shares of $20 par value = 1,000
Preferred stock having a fair value of $20 per share = $50,000
Total market value of the stocks = 1,000 × $10 + 1,000 × 20 = $30,000
Now,
The proceeds that should be allocated to the common stock will be:
(Total market value of the common stocks/total market value of the shares)*Preferred value of total stocks
= (1000*10/50000)*30000
=$6000
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she made the loan, but the corporation has been unable to repay her. slick told her that he is sorry, but that her only avenue of recovery is through the corporation. assuming abc's corporate status is in place, which of the following is bernice's best theory in order to hold slick personally liable to her?
Helen's attempt to hold the corporation liable for her debt will likely be successful. Hence, option (d) will be the relevant answer choice.
What is a corporation?A corporation can be regarded as a group of people or a company that the government has authorized to act as a single unit (a legal person in the sense of a legal entity acknowledged by both private and public law and "formed out of legislation") and is acknowledged as such in law for specific purposes. Charters were used to establish early corporations. The majority of jurisdictions currently allow for the registration of new corporations. Despite the fact that there are many different types of corporations, they are frequently grouped by the law of the nation in which they were founded based on one of two aspects. : if they are permitted to issue shares and whether they were founded with the goal of producing money.
A corporation can be categorized as sole or aggregate, depending on how many owners it has.
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The complete question is mentioned below :
Shaky Bicycles. Rhonda, an incorporator who filed the articles of incorporation for ABC Corporation, a corporation set up to sell bicycles, listed the correct town and street but incorrectly put the wrong street number in the document. Helen, a manufacturer of bicycle parts, had sold a number of parts to ABC Corporation. Unfortunately, the corporation was not making any profit, and Helen was not paid in a timely manner. Rhonda told her that the corporation was not liable because it was not validly formed due to the address mistake. Bernice, another creditor of ABC Corporation, also claimed that a shareholder of Shaky Bicycles, Slick, was personally liable to her. Bernice alleged that Slick committed fraud against her when he told her that ABC Corporation was making large amounts of money, that if she would only lend $50,000 to the corporation he would marry her, and that the corporation would make so much money that she would be wealthy in six months. She made the loan, but the corporation has been unable to repay her. Slick told her that he is sorry, but that her only avenue of recovery is through the corporation. Which of the following is the likely result of Helen's attempt to hold the corporation liable for her debt?
a. She will be successful, but only if ABC Corporation removes its de jure status.
b. She will be successful, but only if ABC Corporation has at least 50 shareholders.
c. She will be successful, but only if ABC Corporation removes its de facto status.
d. She will likely be successful.
e. She will likely be unsuccessful.
the media in which advertising messages will be placed to reach the desired target audience a broad class category of media, such as television, radio, or newspapers a particular option for placement within a media class the blend of different media that will be used to effectively reach the target audience
The media in which advertising messages will be placed to reach the desired target audience is a broad-class category of the media plan
Marketing media is a huge range of channels aimed toward merchandising. brands use various advertising and marketing media to communicate their message to capable customers. The proper channels help corporations boom income and build lengthy-lasting relationships with their target audience.
The reason for advertising is to tell the clients approximately their product and persuade customers that an agency's products or services are fine, decorate the photo of the company, point out and create a want for services or products, show new uses for hooked-up products, announce new merchandise and applications, ...
One of the fundamental dreams behind classified ads is to persuade or persuade a target audience to take a specific action. often that movement is to make a purchase. marketers may also create classified ads that spotlight specific products or services, function discount codes, or announce flash sales to help them accomplish this goal.
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the most common type of business bankruptcy is……., which accounted for about two-thirds of the total in 2017.
The most common type of business bankruptcy is chapter 7 which accounted for about two-thirds of the total in 2017.
The most prevalent form of bankruptcy filed by businesses in the US is Chapter 7. A firm may file for Chapter 7 bankruptcy, sometimes referred to as a liquidation bankruptcy, in which case its assets may be sold to satisfy obligations. Following the sale of various types of assets, the remaining debts are often discharged or forgiven, and the company is then shut down.
About two-thirds of all the business bankruptcies filed in the US in 2017 involved Chapter 7 bankruptcy, according to information from the Administrative Office of the U.S. Courts. Businesses that are unable to pay their bills and don't have a workable plan to restructure or reorganize their finances frequently employ this type of bankruptcy.
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this project asks you to build a graphical, playable version of columns, based on the game mechanics from the previous project. however, we'll need to make a couple of minor changes to it:
You are need to create a playable, graphical version of Columns for this project using the same game concepts as the previous one. We'll need to make a few small adjustments to it, though: The field will always have 13 rows and 6 columns, and it will always be empty when you first open it.
For this project, you must produce a playable, graphical version of Columns utilizing the same game mechanics as the previous one. There are a few minor changes we must make to it: When you initially open the field, it will always be empty and have 6 columns and 13 rows. The seven different gem hue variants were previously represented by uppercase letters. Instead, choose seven colors; they can be any shades as long as they can be identified from one another at a glance. There must be some form of visual cue to show where fallers land. If you support matching, it would be excellent to have a visual cue before the matching diamonds go.
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which of the following types of property are ineligible for like-kind treatment? (check all that apply.)Inventory held for resale.
Partnership interests are types of property that are ineligible for like-kind treatment
What is a like-kind treatment?Generally, In general, a like-kind swap may be done with any real estate property that is held for productive use in the trade or company, or that is held for investment purposes.
A taxpayer will not have to pay tax on the first disposal of investment property if they sell one piece of property and acquire another within the allotted amount of time after the initial sale.
If two properties have the same nature or character, although having different grades or qualities, then those properties are said to be of the same "kind."
Whether a piece of real estate has been developed or left in its natural state, it is still considered to be of the same sort. For instance, a similar-kind structure, such as an apartment building, is often analogous to another apartment building.
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CQ
Which of the following types of property are INELIGIBLE for like-kind treatment? Can be more than one answer
A) Land held outside the U.S
B) Equipment used in a trade or business
C) Stocks and bonds held for investment
D) Inventory held for resale
E) Partnership interests
F) Land held for investment
G) Real property used in a trade or business
use figure: short-run determination of the interest rate. if the money supply is represented by ms2, and the central bank sells treasury bills, then in the short run, the interest rate will:
If the money supply is represented by MS2, and the central bank sells treasury bills, then in the short run, the interest rate will increase to r1.
All the money and other liquid assets present in an economy on the measurement date are referred to as the money supply. The money supply roughly consists of deposits that can be used almost as easily as cash in addition to actual cash.
Governments issue coin and paper money through a combination of their treasuries and central banks. By dictating to banks what reserves they must hold, how to extend credit, and other financial issues, bank regulators have an impact on the amount of money that is available to the general public.
By regulating interest rates and altering the amount of money flowing through the economy, economists study the money supply and create policies based on it.
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Complete question is attached below:
assume that company a makes a $40-per-share offer for company b. company b now trades at $30 per share. also assume that the deal is expected to close in 90 days. if the deal closes, then the risk arbitrager's return would be:
To get a job in the skilled trades, you normally need a bachelor's degree or higher in the trades. Many construction supervisors, electricians, and welders make an average yearly salary of over $100,000.
There is no requirement for two years or less of advanced education for vocational skills. managers of factories. quality control professionals. technicians for general maintenance. engineering mechanics. One of the professions in the skilled crafts that is simple to learn is welding. With enough hands-on experience, you can learn how to weld in less than six months. Let's say you find a job you like that pays well and has reasonable hours. You may dig your teeth into welding and have opportunities for promotion. Agent for real estate. You may start selling real estate right now, and the possibilities is endless.
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Match each inequality or equality to the corresponding term for the monopolistic competitor operating at optimal, short-run production levels. Drag each item on the left to its matching item on the right. short-run economic profit price = average total cost" price > marginal revenue short-run economic loss price < average total cost" market power price > average total cost (ATC) zero economic profit price > marginal cost markup
Pure monopoly and pure competition are the opposing limiting cases. Monopolistic competition exists between those two.
Monopolistic competition is distinguished by the fact that, despite being closely related to one another, the products of various firms are not all the same but rather differ from one another. As numerous businesses compete to sell their products, there is also a component of competition.
Price=Average Total Cost Total Revenue is equal to total cost so there
is zero economic profit.
Price>ATC It means that firm is earning short run
economic profit.
Price<ATC It means firm is earning Short Run Economic
Loss
Price> Marginal Revenue It means firm has market power
Price>Marginal Cost Mark up
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which of the following are secondary stakeholders? workers in the company's factories suppliers of the company customers of the company workers in an outsourcing factory making the company's products
Workers in an outsourcing factory making the company's products are secondary stakeholders.
What are stakeholders ?A stakeholder is both an individual, institution or business enterprise that is impacted via way of means of the final results of a undertaking or a commercial enterprise venture. Stakeholders have an hobby within side the fulfillment of the undertaking and may be inside or outdoor the business enterprise that is sponsoring the undertaking. As a well known rule, stakeholder precedence may be divided into 3 levels. The first and maximum critical contains employees, customers, and investors, with out whom the commercial enterprise will now no longer be capable of operate. For example, the essential stakeholders in a organization normally consist of its customers, employees, investors, suppliers, and the neighborhood community. Depending at the scope of your undertaking, you could now no longer want to contain all stakeholders, or you would possibly locate that a few companies of stakeholders are greater impacted than others.To learn more about stakeholders from the given link :
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Entrepreneurs are goal-oriented and tend to cite which of the following as a reason for going into business?
Entrepreneurs are goal-oriented and tend to cite control as a reason for going into business.
What should a business person expect while beginning a strategy?
The key supposition we should make in business venture is the possibility that the best way to do things right is to do them yourself. This implies that we want to face challenges and furthermore need trust in our range of abilities so we can deliver quality work while keeping an uplifting outlook.
What is business person business venture?
A business person is a person who makes another business, bearing the vast majority of the dangers and appreciating a large portion of the prizes. The method involved with setting up a business is known as business venture. The business visionary is usually viewed as a pioneer, a wellspring of groundbreaking thoughts, products, administrations, and business/or systems.
What makes a business person?
However, research shows that best business visionaries share specific individual ascribes, including inventiveness, commitment, assurance, adaptability, initiative, enthusiasm, self-assurance, and "smarts". Innovativeness is the flash that drives the improvement of new items, administrations, or ways of carrying on with work.
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which of the following types of real property will qualify as like-kind property? (check all that apply.)Inventory held for resale
Personal use of real property types of real property will qualify as like-kind property.
What is a like-kind treatment?In general, any real estate holding that is kept for investment or for productive use in the trade or business is eligible for a like-kind exchange.
If a taxpayer sells one piece of investment property and buys another within the specified period following the original sale, the taxpayer will not be required to pay tax on the first disposition of investment property.
Two properties are considered to be of the same "kind" if they have the same type or character but vary in terms of their grades or other characteristics.
A piece of real estate is still regarded as being of the same kind whether it has been developed or left in its natural form. An apartment building, for instance, is often compared to another apartment building as an example of a similar-kind construction.
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CQ not found
Expenditures classified as _______________ involve the replacement of a major component of an asset
The replacement of a significant component of an asset is included in expenditures categorized as enhancements.
What verb best encapsulates the process of documenting a cost as an asset?An item is said to be capitalized when it is recorded as an asset rather than an expense. This implies that the expense will appear on the balance sheet rather than the income statement. An expense is normally capitalized when it meets both of the following criteria.
Which of the following expenses are made after an asset has been purchased?The expenses made to purchase an asset are the costs incurred after acquisition. They consist of the purchase price, additional costs, and installation fees.
Which phrase describes the sum a business anticipates making when selling a long-lasting asset at the conclusion of its useful life?The carrying value that remains on the balance sheet after all depreciation is accounted for is known as the salvage value. This value is used until the asset is disposed of or sold. It is predicated on what a business anticipates getting in return for the asset when its useful life is over.
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Which of the following statements about the classifications of interest and dividends on the statement of cash flow are true? (Select all that apply.) Check All That Apply Under US GAAP, cash outflows for interest payments and cash inflows from interest and dividends received as classified as operating cash flows. Under US GAAP. cash outflows for interest and dividend payments and cash inflows from interest and dividends received as classified as operating cash flows. Under IFRS, interest and dividends paid are classified as either operating or financing cash flows and Interest and dividends received as classified as either operating or investing cash flows. Under U.S. GAAP, cash outflows for interest payments and cash inflows from interest and dividends received as classified as operating cash flows. Under U.S. GAAP. cash outflows for interest and dividend payments and cash inflows from interest and dividends received as classified as operating cash flows. Under IFRS, Interest and dividends paid are classified as either operating or financing cash flows and interest and dividends received as classified as either operating or investing cash flows. Under IFRS, interest and dividends paid are classified as either operating or investing cash flows and interest and dividends received as classified as either operating or financing cash flows.
The conditions for Interest and dividend in cash flow statements under IFRS and US GAAP are as below:
IFRS:
C. interest and dividends paid are classified as either operating or financing cash flows, and Interest and dividends received as classified as either operating or investing cash flows.
US GAAP:
A. cash outflows for interest payments and cash inflows from interest and dividends received as classified as operating cash flows.
What is GAAP?A unified collection of accounting regulations, guidelines, and practices published by the Financial Accounting Standards Board are known as generally accepted accounting principles (GAAP) (FASB). When assembling their financial accounts, American public firms' accountants are required to adhere to GAAP.
GAAP is a system of rules-based standards that is guided by 10 key principles. It frequently contrasts with the International Financial Reporting Standards (IFRS), which are seen as more of a standards-based standard. There have been recent efforts to switch from GAAP reporting to IFRS since IFRS is a more global standard.
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Question:
Which of the following statements about the classifications of interest and dividends on the statement of cash flow are true? (Select all that apply.) Check All That Apply
A. Under US GAAP, cash outflows for interest payments and cash inflows from interest and dividends received as classified as operating cash flows.
B. Under US GAAP. cash outflows for interest and dividend payments and cash inflows from interest and dividends received as classified as operating cash flows.
C. Under IFRS, interest, and dividends paid are classified as either operating or financing cash flows, and Interest and dividends received as classified as either operating or investing cash flows.
D. Under U.S. GAAP, cash outflows for interest payments and cash inflows from interest and dividends received as classified as operating cash flows.
E. Under U.S. GAAP. cash outflows for interest and dividend payments and cash inflows from interest and dividends received as classified as operating cash flows.
F. Under IFRS, Interest, and dividends paid are classified as either operating or financing cash flows, and interest and dividends received as classified as either operating or investing cash flows.
G. Under IFRS, interest, and dividends paid are classified as either operating or investing cash flows, and interest and dividends received as classified as either operating or financing cash flows.
when a firm experiences continually declining average total costs, group of answer choices a. society is better served by having one firm supply the product. b. the firm will earn higher profits than if average total costs are increasing. c. the firm is a price taker. d. all of the above are correct.
If the price is less than the average variable cost in the short term, a profit-maximizing firm in a price-taker market will unquestionably discontinue output.
A price-taker is a person or organization that must accept market pricing because it lacks the market share to do it independently. Due to market competition, the majority of producers are also price takers. A business in a price-taker market that seeks to maximize profits would undoubtedly stop producing if the price were to fall below the average variable cost in the short term. Since they all adhere to the same principle of profit maximization, perfect competition, pure monopoly, and monopolistic competition are all comparable to one another. In each of the aforementioned market configurations, businesses set their marginal revenue and marginal cost to equal levels in an effort to maximize profits.
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In which of the following situations would a taxpayer be better off to take the foreign taxes paid as an itemized deduction rather than as a foreign tax credit?
a. The foreign tax paid was less than 10% of AGI.
b. The foreign tax paid was to a South American country.
c. The foreign tax paid was a property tax.
d. The foreign tax paid was an income tax.
a. The foreign tax paid was less than 10% of AGI. he following situations would a taxpayer be better off to take the foreign taxes paid as an itemized deduction rather than as a foreign tax credit
One who pays taxes is often referred to as a "taxpayer". A taxpayer is a person or a business that must pay taxes to local or federal taxing authorities. [1] In addition to many other types, taxes can take the form of income taxes or property taxes levied against owners of real property (such as homes and automobiles). When people purchase taxable products and services, they may be required to pay taxes. The workforce of a nation is sometimes referred to as a "taxpayer" since taxes are used to fund government programs and services.
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Considered the most common type of home loan, which of the following refers to any standard home loan that is not insured or guaranteed by an agency of the U.S. government?
A. Conventional home loan
B. Federal Housing Administration loan
C. Veterans Affairs loan
D. Section 203 loan
A. Conventional home loan is Considered the most common type of home loan, which of the following refers to any standard home loan that is not insured or guaranteed by an agency of the U.S. government.
What is home loan?A home loan can be described as the secured loan that is obtained to purchase a property by offering it as collateral.
It should be noted that the Home loans offer high-value funding at economical interest rates which can be dgiven for long tenors however they will be repaid through EMIs then the property's title is transferred back to the borrower once payment is done.
Therefore, option A is correct.
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jane is investigating the prospects for a vista ridge mall outlet that would sell only silk ties. which of these is treated as sunk cost
Your consultation fee is a "Sunk Cost" that shouldn't be included as a fixed cost in a breakeven analysis because it is unrelated to the analysis.
All other expenses ARE pertinent fixed expenditures. An unrecoverable expense that has already been made is referred to as a sunk cost. Sunk costs are a manifestation of the business principle that you must "spend money to make money."
Sunk costs are distinct from potential expenses that a company may incur in the future, such as choices on the price of products or the cost of purchasing inventories. Sunk expenses are not considered in future business choices since they will not change regardless of the outcome.
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Jane is investigating the prospects for a Vista Ridge mall outlet in 2018 that would sell only silk ties. As her professional consultant, please help her, as she tries to figure first year breakeven sales for her store. Which of these is treated as a sunk cost?
(a) utility
(b) flier
(c) salary
(d) consulting fee
An auditor was unable to obtain audited financial statements or other evidence supporting an entity's investment in a large foreign subsidiary. Between which of the following reports should the auditor choose? A. Adverse and unqualified with an explanatory/emphasis-of-matter paragraph added.B. Disclaimer and unqualified with an explanatory/emphasis-of-matter paragraph added.C. Qualified and adverse.D. Qualified and disclaimer.
An auditor was unable to obtain audited financial statements or other evidence supporting an entity's investment in a large foreign subsidiary. The auditor should choose between D. qualified and disclaimer.
An auditor's inability to provide an unqualified, or clean, audit opinion is reflected in a qualified opinion. If it is believed that there are no major misstatements in the financial statements, an unqualified opinion is given. It is the kind of auditor's view that is most typical.
The view changes to a negative one if the problems found during the audit lead to significant misstatements that might influence how users of the financial statements make decisions.
The corporation must restate its financial statements and conduct a new audit as a result of the negative assessment. The majority of lenders, creditors, and investors will nevertheless accept a qualified opinion.
The auditor makes a disclaimer of opinion if he or she is unable to finish the audit report because of a lack of financial records or inadequate management support. This shows that it was impossible to form an opinion regarding the financial accounts.
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Industries that have ______ tasks and operate in a ______ environment demonstrated the greatest need for project management.A. Simple; dynamic
B. Simple; static
C. Complex; dynamic
D. Complex; static
Industries that have complex tasks and operate in a dynamic environment demonstrated the greatest need for project management. Hence, option (C) will be regarded as suitable.
Give a brief account on project management.The practice of arranging a team's work to fulfill all project goals within the specified time and financial constraints is regarded as project management. In-depth descriptions of this information are often provided in the project documentation prepared at the start of the development period. Scope, time, and financial restrictions are the main ones. Utilizing resources as efficiently as feasible to carry out specified aims represents the second challenge.
The objective of project management is to provide a final product that satisfies the client's objectives. The aim of project management is frequently to additionally restructure or alter the client's brief so that it may genuinely achieve the client's objectives. Once the client's goals are made apparent, they should have a bearing on any choices that other project participants make.
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A comparison of two portfolios shows the following asset allocation:
Portfolio A: 70% stocks; 20% bonds; 10% money market
Portfolio B: 30% stocks; 40% bonds; 30% money market
Which of the following statements best describes the portfolios?
Portfolio A would be more appropriate for a person in their 60s than Portfolio B because it will give them higher returns.
Portfolio B would be more appropriate for a person in their 30s than for a person in their 50s.
Portfolio A would be more appropriate for a person in their 30s than a person in their 50s.
Portfolio B is recommended for most people because it is lower risk.
A someone in their 30s would be more suited for Portfolio A than that of a somebody in their 50s.
What exactly is a portfolio?A portfolio is an accumulation of financial assets, such as securities, bonds, commodities, financial, and cash equivalents, such as closed-end funds and exchange-traded funds (ETFs). Most people think that a portfolio's core consists on equities, bonds, and cash.
Briefing:Since 70% of Portfolio A is made up of stocks, it is riskier than Portfolio B. People in their 30s much should take on much more risk for gain more return as they're going to be earning over the following, say, 30 years. As risk is high, return is likewise high. People in thier 60s should invest in a diversified portfolio where their money is secure.
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No national economy produces all the goods and services that its people ______.
No national economy produces all the goods and services that its people need.
which of the following principles best describes the current method of accounting for research and development costs? group of answer choices associating cause and effect systematic and rational allocation income tax minimization immediate recognition as an expense
Immediate recognition as an expense best describes the current method of accounting for research and development costs.
The US generally accepted accounting rules include a minor but crucial component known as the expense recognition principle (GAAP). Income statements and balance sheet numbers can be distorted by improper expense recognition, resulting in restated financial results.
The most natural way to record an expense is through immediate recognition. With this approach, we count an expense as soon as it is incurred. For instance, we are able to rapidly identify fixed recurring costs like rent, utilities, and selling prices.
Those companies that use accrual accounting apply the matching concept. Since you will record expenses and revenues as cash comes into or leaves your accounts, the expense recognition principle does not apply to you if you utilize cash accounting.
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