Speculation and government intervention both contribute to the foreign currency market's growth.
What do you mean when you say a worldwide monetary system for managing currencies?The operational system of the financial environment, which comprises of financial institutions, multinational enterprises, and investors, is referred to as the global monetary system.The managed fixed exchange rate, free float, managed float, and specie standard are the four main categories of currency management regimes. They differ in how they approach the problematic trifecta. There are four components to it: international reserves, international capital flows, international payments and transfers related to ongoing international transactions, and exchange agreements and exchange rates.
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why does he offer nick an opportunity to make money? why is it confidential and why does nick decline?
Gatsby offers Nick the opportunity to make money through illegal activities because he wants to use Nick's connections and reputation to further his own criminal enterprise.
Nick declines the offer because he is uncomfortable with the illegal and unethical nature of the proposal, and does not want to compromise his own integrity.
Gatsby is a wealthy and powerful criminal figure, and he sees Nick as a valuable asset in his illegal activities. He recognizes that Nick has connections and a reputation that could be useful in furthering his own criminal enterprise, and thus offers him the opportunity to make money through illegal means.
However, Nick is uncomfortable with the illegal and unethical nature of the proposal and does not want to compromise his own integrity by participating in such activities.
He is also aware that Gatsby's criminal activities are dangerous and could lead to serious consequences, and he does not want to be caught up in them. Therefore, he declines the offer, preferring to maintain his own honesty and reputation.
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chang corp. has $375,000 of assets, and it uses only common equity capital (zero debt). its sales for the last year were $645,000, and its net income was $25,000. stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15%. what profit margin would the firm need to achieve the 15% roe, holding everything else constant? do not round your intermediate calculations.
The profit margin would be 10.23% the firm need to achieve the 15% roe, holding everything else constant
Calculating the problem:Equity = Total assets = $375000
Net Income at 15% = 15% × 375000 = $56250
Assuming the sales amount to be constant at 550,000, the profit margin required = Net Income/ Sales
= 56250/550000
= 10.23%
Profit margin:
Profitability is measured by the profit margin. It is determined by determining the profit as a proportion of revenue. Profit margins come in three varieties: margins of gross profit, operating profit, and net profit. The Gross Profit Margin is determined by dividing gross profit by net sales.
How can I determine my profit margin?By dividing the cost of goods sold (COGS) by the company's total revenue and subtracting the result, you can easily calculate the profit margin. You can get a percentage by multiplying that number by 100.
What's the significance of profit margin?A company's profitability is fundamentally shown by its net profit margin, which also serves as a predictor of its likelihood of loan default. It shows how much profit is made for every dollar of goods or services sold as a proxy for efficiency.
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globally, a(n) _____ in trade costs would _____ manufacturing trade significantly.
Globally, a(n) decrease in trade costs would increase manufacturing trade significantly.
Trade costs have a significant impact on the global manufacturing trade. When trade costs are reduced, it opens up new opportunities for businesses across the world to buy and sell goods and services with ease.
This increased accessibility to the global market can lead to more efficient production, cost savings and increased profitability. Lower trade costs can also lead to an increase in the variety of goods available and more competition, which can ultimately benefit the consumer.
By reducing trade costs, countries can open up their markets to the world, leading to increased growth and prosperity.
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what happened in the 1990s that explains the small decrease in the size of the u.s. treasury markets pre-2000?
By many standards, the U.S. Treasury securities market is the biggest and busiest debt market in the world. The sum was at the finish of September 1999.
What does an Indian Treasury do?The India government issues Treasury Bills, which are term deposit instruments in the form of promissory notes that are guaranteed to be repaid at a later time. The money raised through such measures is often utilized to fund the government's immediate needs, hence lowering the overall public debt of the nation.
The Treasury market: what is it?The Treasury market, which trades in U.S. government bonds, provides forecasts for the direction of interest rates and the state of the economy.
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the international monetary fund, or imf, assists nations in their international environmental affairs. true false
The statement is false. The correct statement is the International Monetary Fund (IMF) assists nations with financial stability, economic growth, and poverty reduction.
What is international environmental affairs? International environmental affairs is a field of study that focuses on the intersection of international relations and environmental protection.It studies how international politics, law, and economics affect environmental policy and how environmental issues, such as climate change, biodiversity loss, and pollution, are addressed on a global level. It also studies the international governance of the environment, including organizations and treaties that are formed to protect the environment. International environmental affairs is a rapidly evolving field of study with an emphasis on finding solutions to global environmental problems. It is a critical tool for creating a more sustainable future for the planet and its inhabitants.To learn more about international monetary fund refer to:
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which of the following is a typical ground rule for virtual meetings? a. outlining the procedure for asking and answering questions b. reminding participants to turn off all phones, alarms, and electronic reminders c. asking participants not to multitask during the meeting d. all of these are typical virtual meeting ground rules.
Typical ground rules include procedures for asking and answering questions. Reminder to turn off phone, alarm, electronic reminder. Request to avoid multitasking during virtual meetings.
Virtual meetings are a great way to connect with remote teams, customers, and stakeholders. However, these meetings are often difficult to conduct due to lack of face-to-face communication, software bugs, and other technical glitches.
To overcome these problems and conduct effective meetings in a virtual environment, it is necessary to pay attention to meeting etiquette.
In this article, we'll cover 15 important virtual meeting ground rules to consider in order to host a great virtual meeting. Meeting ground rules can include a variety of terms such as team consensus, adherence to norms, and rules of success. Whatever you call it, ground rules are pre-established standards or guidelines that meeting participants should follow to make the meeting as productive and successful as possible.
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an asset was purchased for 5000 on january 1 using the straight line method for 10 years and sold for 4000 2.5 years later what is the gain or loss
An asset was purchased for 5000 on January 1, The gain is mathematically given as 250.
What is the gain or loss?Generally, To put it another way, a growth in the value of an asset is considered a gain, while a decrease in value is considered a loss. Gains and losses, alike, may be broken down into realized and unrealized categories. When an investor sells an item, they may experience a gain or a loss depending on whether the realized price is more or lower than what they paid for the asset.
The gain or loss on the sale of the asset would be a loss of 1000. This is calculated by taking the difference between the sale price (4000) and the remaining book value of the asset
(5000 - (2.5/10)*5000 =3750).
4000 - 3750= 250.
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on the other hand, a(n) a) fiscal policy could be used to slow the economy down by shifting the ad curve to the b) . this would require that the government receive more in c) than it injected into the economy through government d) . the government would want to slow the economy down in order to fight e) . the result of this policy would be a budgetary f) .
The correct response is a) fiscal policy could be used to slow the economy down by shifting the ad curve to the a(n).
Fiscal policy is the use of government revenue collection (taxes or tax cuts) and expenditure to affect a nation's economy in economics and political science. Following the Great Depression of the 1930s, when the previous laissez-faire method of managing the economy proved inadequate, the use of government revenue spending to influence macroeconomic variables arose as a remedy. Fiscal policy is based on the ideas of British economist John Maynard Keynes, whose Keynesian economics proposed that variations in the volume of government spending and taxation have an impact on the level of aggregate demand and economic activity. Fiscal and monetary policy are the main tools a government and central bank employ to further their nation's economic goals. These policies work together to give these authorities the ability to target inflation (which is regarded as "healthy" at a level in the range of 2%-3%) and boost employment. It is also intended to attempt to maintain GDP growth at 2% to 3% and unemployment rates close to the natural range of 4% to 5%. This suggests that during the course of the business cycle, fiscal policy is utilized to stabilize the economy.
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23. in the short run, an expansionary monetary policy would most likely result in which of the following changes in the price level and real gross domestic product (gdp) ? price level real gdp (a) decrease increase (b) no change decrease (c) increase no change (d) increase decrease (e) increase increase
in the short run, an expansionary monetary policy would most likely result in which of the following changes in the price level and real gross domestic product (gdp) : increase decrease
The monetary authority of a nation employs a strategy known as monetary policy in order to maintain price stability and public trust in the value and stability of the nation's currency. The goal of this policy is to limit the amount of money in circulation or the interest rate charged on extremely short-term borrowing, which is when banks borrow money from one another to cover urgent requirements. Monetary policy may modify the amount of money in circulation by changing interest rates or removing excess reserves. This strategy employs government expenditure, taxation, and borrowing instead of fiscal policy, which relies on taxes, government spending, and borrowing as instruments for a government to influence business cycle events like recessions.
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prohibiting employees from drinking open beverages near exposed food helps to prevent which type of contamination?
The answer is Bacterial contamination.
What is Bacterial contamination?
When bacteria build up on food and make it spoil, this is called bacterial contamination. You may become ill after consuming that food, either because of the germs or because of the poisons those bacteria release.
Food that has been contaminated by microorganisms such as bacteria, viruses, mould, fungi, and poisons is said to have undergone microbial contamination. This can happen in a number of ways, like:A particular type of bacterium called campylobacter can grow on undercooked chicken.Salmonella can spread to food products during the rearing and killing of animals because it dwells in animal intestines.Cross-contamination can occur when high-risk raw foods are prepared and stored next to ready-to-eat items.Fish and shellfish may consume organisms that produce toxins that are harmful to humans if consumed.The most frequent cause of food poisoning outbreaks is microbial contamination. Adhering to stringent, high-standard food hygiene procedures is the best method to avoid this kind of contamination. This implies:
maintaining excellent personal hygiene and calling in sick to work.Keeping raw and prepared food separate throughout the whole food handling process, from delivery through serving.Always wash produce that is still raw.preventing pests from entering the property and controlling them.To know more about Bacterial contamination refer to:
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this clause in a commercial lease allows the landlord to restrict tenants from conducting certain business activities in their space, which may affect other tenants in the building....?
Use clause in a commercial lease allows the landlord to restrict tenants from conducting certain business activities in their space.
Use clause:A use clause can be either a prescription that specifies what you must do or a restriction on how you conduct business. If the landlord's lease does not include a use clause, you can count yourself lucky because you will generally want to avoid imposing severe restrictions on your use of the rented space.
What is activity in the business?It describes the actions that a company takes to remain operational and generate revenue. An entity gathers or makes use of its resources through these activities. Manufacturing activities, for instance, transform input products into products, sales generate revenue, and logistics involves product transportation and warehousing.
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what concept is based on two well-known principles of behavioral economics: people don't always do what they claim they want to do, and incentives get people to do things.
Behavioral economics is the study of psychology in connection to how individuals and organizations make decisions about the economy. There is a lot of crossover between normative and behavioral economics.
What area of psychology is the primary study?
Psychology is the scientific study of the mind and behavior, according to the American Psychological Association. Numerous themes are covered by the study of psychology, such as human development, sports, health, clinical, social behavior, and cognitive processes.
Being a relatively new discipline, psychology has seen most of its developments in the previous 150 years or so. But it dates back to 400–500 BC in Classical Greece.
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manny has a client who wants to purchase a commercial building. manny doesn't have any experience negotiating commercial purchases. which action should manny take to demonstrate his good faith and most ethical behavior toward his client?
While acknowledging the client's lack of expertise, stating that he would like to maintain the relationship and will consult with a seasoned commercial broker throughout the transaction is sufficient.
What tactics does Mcq use in negotiations?
Planning and preparation.The definition of the ground rulesJustification as well as clarificationNegotiation and problem-solvingAgreement and closure.Why are these the three most important skills for negotiating?
Preparation and planning.Intelligence Emotional.Creative solutions to problems.How much can a licensee be fined by the Alabama Real Estate Commission?
When a licensee is found to have committed any of the offenses outlined in this section, the commission is obligated to either reprimand the licensee or impose a fine of at least $100 or 2,500 dollars, or both, depending on the severity of the offense.
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Teloxy Engineering has received a one-time contract to design and build 10,000 units of a new product. During the proposal process, management felt that the new product could be designed and manufactured at a low cost. One of the ingredients necessary to build the product was a small components plus scrap. During the design stage, your engineering team informs you that the final design will require a somewhat higher-grade component that sells for $72 with quantity discounts. The new price is substantially higher than you had budgeted for. This will create a cost overrun. You meet with your manufacturing team to see if they can manufacture the component at a cheaper price than buying it from the outside. Your manufacturing team informs you that they can produce a maximum of 10,000 and the raw material cost is $40 per component. Since Teloxy has never manufactured this product before, manufacturing expects the following defects: All defective parts must be removed and repaired at a cost of $120 per part. Using expected value, is it economically better to make or buy the component? Strategically thinking, why might management opt for other than the most economical choice?
Production costs are equal to ($100,000 + 40*10000). Cost/10000 = Total Cost/Parts = $50.
Which of the following qualifies as a company attribute?
Centralized administration and a brief lifespan are not typical attributes of a firm. A corporation's stockholders are completely liable. A shareholder of a firm is personally responsible for the corporation's debt. The resources of the corporation are only as great as what the stockholders can provide. The definition of a corporation is an incorporated association, which is an artificial person constituted by law with limited liability, a common seal, perpetual succession, and a separate legal existence.
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buying things on credit was extremely rare before which year?
Prior to 1917, it was uncommon to purchase items on credit. As a result of the fact that it was never acceptable for lenders to impose interest rates that were high enough to generate a profit.
The term "purchase" means what exactly?
Cash or its equivalent is required to achieve something. To acquire real land by means other than descent, such as via labour, risk, or sacrifice, is to buy. d.
In order to reach the top deck, he purchased a ticket. A large portion of those shares were bought through brokers. There were some auto-related receipts among them. Opening the box of ties, she looked over her acquisition.
each and every product or service bought for resale.
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Globalization has led to increased ___ with countries such as China and India
Globalization has led to increased competition with countries such as China and India.
This is due to the increase in free trade among nations and technological changes that have created globalization. This increased competition can have both benefits and drawbacks. One benefit is the improved living standards in developing countries, but it also means companies have to compete with cheaper goods and services provided by these countries. This can lead to companies outsourcing their production to these countries, leading to job loss in the domestic economy. As seen in the sources.
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Which cost will increase or decrease with increase in production? A. Marginal Cost B. Fixed Vost C. Fnancial Cost D. All of the Above
Marginal Cost, Fixed Cost, and Financial Cost are the three types of costs that change with production level.
Which cost decreases with increase in production?An expense known as a variable cost is one that varies according to production output or sales. Variable costs change according to changes in production or sales; they also change according to changes in production or sales. With increased output, the fixed cost per unit does, however, go down as the same fixed costs are spread out over a greater number of units. The link between output volume and fixed costs is shown in the two charts below.
Costs that vary according to changes in production levels are known as variable costs. They therefore change in response to changes in output volume, rising as they do and falling as they do. There are no variable costs if there is no production volume. The law of increasing opportunity cost states that if you generate more of one item, you will have less opportunity to produce more of the other good.
Therefore the correct answer is option D) All of the Above
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What are the positive environmental trends seen today?
Many industries are taking measures to reduce the use( _gold,carbon dioxide,ozone_) of -depleting substances and are turning to(_scarce,renewable,non-recyclable_) energy sources though they may seem expensive.
choose one of those 3 option to fill the blank(___)
Although they may seem pricey, many sectors are moving toward renewable energy sources in an effort to limit their use of ozone-depleting compounds as seen in environmental trends.
Renewable energy is energy that is derived from resources that can be renewed naturally through time, on a human timescale. It comes from a variety of sources, including sunlight, wind, water currents, and geothermal heat. Some renewable energy sources are not sustainable, despite the fact that most of them are.
For instance, certain biomass sources are regarded as non-sustainable at the present rate of extraction. Air and water heating and cooling, as well as stand-alone power systems, are frequently powered by renewable energy. Although initiatives involving renewable energy are often large-scale, they are also suitable for rural, distant, and underdeveloped nations, where energy is frequently essential for human growth. It has various advantages when renewable energy is used in conjunction with increased electrification.
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buying a car reading quiz question 3 of 10: depreciated value can best be defined as: a) an unappreciated car b) a gently used car c) a car that has already lost some resale value d) none of the above
Depreciated value is best described as: a car that has already lost part of its resale value (option c).
What is depreciation, and how does it work?Depreciation, which spreads an asset's cost across its useful life, acknowledges that assets lose value over time. A fixed asset's cost can be methodically written off through depreciation over the length of its useful life.
What is depreciation and how is it used?Depreciation is the gradual lowering of a fixed asset's recorded cost over time, until the asset's value is zero or insignificant, according to accounting terminology. Buildings, furniture, office supplies, machinery, etc. are examples of fixed assets.
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Consider a small country that exports steel. Suppose the following graph depicts the domestic demand and supply for steel in this country. One of the two price lines represents the world price of steel. Use the following graph to help you answer the questions below. You will not be graded on any changes made to this graph. ? Supply 100 Demand 90 Triangle 80 70 P2 60 Polygon Price of Steel (Dollars per ton) 50 P1 40 30 20 10 0 0 100 200 800 900 1000 300 400 500 600 700 Quantity of Steel (Tons) P1/P2 Because this country exports steel, the world price is represented by Suppose that a "pro-trade" government decides to subsidize the export of steel by paying $10 for each ton sold abroad. With this export subsidy, the price paid by domestic consumers is $ ton. The quantity of steel consumed by domestic consumers and the quantity of steel exported per ton, and the price received by domestic producers is $ per the quantity of steel produced by domestic producers increases True or False: With the export subsidy, this country will start im bad. remains unchanged True decreases False Increases/ decreases and producer surplus is $ Government revenue by Under the export subsidy, consumer surplus is $ $ As a result, total surplus
Considering the query Wealth tax is a charge placed on the taxpayer's stock portfolio.
What does a wealth tax mean?In contrast to other duties, such as taxation, that a person must pay each year, an asset tax is levied on their net worth. It is regarded as a wealth tax because its rates increase in proportion to a taxpayer's net worth. Your net worth is calculated as your asset value less your liability value.
Why was wealth tax eliminated?As was indicated at the opening, wealth tax is levied on the wealthier class with the goal of achieving parity among taxpayers. However, such tax was eliminated in 2015 for the straightforward reason that it was more expensive to recover taxes than it was worthwhile.
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Who did first recognize the importance of human resources of an organization?
Peter Drucker was the first to understand the value of human resources in a organisation. Peter Drucker was an author, educator, and business consultant of Austrian descent.
Peter Drucker is revered as the founder of modern management and is recognised as one of the first to understand the significance of human resources in businesses. The most valuable resource in an organisation, according to Drucker, are its employees, who should be developed and managed in a way that fully realises their potential. He placed a strong emphasis on finding, keeping, and developing outstanding people and held that an organization's capacity to successfully manage its human resources played a significant role in its success. Human resource management has benefited greatly from Drucker's ideas, which still have an effect on organisations today.
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1. when a firm is producing zero output, the total cost equals a. zero. b. the variable cost. c. the fixed cost. d. the average total cost. e. the marginal cost.
When a firm is producing zero output, the total cost equals the fixed cost.
Fixed costs are those costs that do not change with the level of output, such as rent, salaries, and insurance. These costs must be paid regardless of whether the firm is producing any output or not.
Variable costs, on the other hand, are costs that vary with the level of output, such as raw materials and labor. Since the firm is not producing any output, variable costs would be zero.
Average total cost, marginal cost and zero are not the correct option as they are not applicable when the firm is producing zero output.
Average total cost is the total cost divided by the quantity of output and since the quantity of output is zero, it is not applicable.
Marginal cost is the change in total cost that results from producing one more unit of output and since the firm is not producing any output, it is not applicable.
In summary, when a firm is producing zero output, the total cost equals the fixed cost as it is the only cost that the firm must pay regardless of whether it is producing any output or not.
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under us gaap, public companies cannot amortize goodwill and an impairment test for such goodwill comprises a two-step approach. how does this process differ for private companies?
Goodwill amortization is permitted for private enterprises over a 10-year period, and impairment is assessed in a single step.
What is meant by Private Company Council?In order to reduce the administrative load on private enterprises, the Private Company Council (PCC) published a Decision-Making Framework that relaxes some of the criteria. One such clause said that goodwill for private corporations might be amortized on a straight-line basis over a period of ten years and that impairment would be evaluated in a single step.
In terms of private company issues, the PCC serves as the FASB's main advisory body. When advising the FASB on topics on its technical agenda that are currently being actively considered, the PCC makes use of the Private Company Decision-Making Framework to determine the proper accounting treatment for private companies.
The Financial Accounting Foundation's Board of Trustees gave the Private Company Council (PCC), a new entity to enhance the process of creating accounting standards for private companies, their blessing on May 23, 2012.
Therefore, the correct answer is option D) Private companies are allowed to amortize goodwill over 10 years and impairment is tested using a single step.
The complete question is:
Under US GAAP, public companies cannot amortize goodwill and an impairment test for such goodwill comprises a two-step approach. How does this process differ for private companies?
A Private companies can amortize goodwill over 10 years and the impairment method is the same as for public companies
B Private companies, too, cannot amortize goodwill but impairment is just a single step approach
C Private companies are allowed to amortize goodwill over the greater of 10 years or their estimated life
D Private companies are allowed to amortize goodwill over 10 years and impairment is tested using a single step
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In most cases, demand for products or services can be broken into several components. Which of the following is considered a component of demand?
Choose matching definition
Forecast error
Autocorrelation
Previous demand
Consistent demand
Repeat demand
In most cases, demand for products or services can be broken into several components. Autocorrelation is considered a component of demand. So option b. is correct.
Autocorrelation depicts the degree of similarity between a given time series and a lagged version of itself over successive time intervals. Autocorrelation measures the relationship between a variable's current value and its past values. An autocorrelation of +1 represents a perfect positive correlation, while an autocorrelation of negative 1 illustrates a perfect negative correlation. Technical analysts can use autocorrelation to estimate how much influence past expenses for security have on its future price.
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Complete question:
In most cases, demand for products or services can be broken into several components. Which of the following is considered a component of demand?
a. Forecast error
b. Autocorrelation
c. Previous demand
d. Consistent demand
e. Repeat demand
which of the following, also called procurement, is considered to be at the heart of effective supply chain management? a. purchasing management b. materials control c. inventory management d. automation e. quality control
Also recognised as procurement, provide management includes the buy of bodily goods, information, services, and any other indispensable resources that enable a organisation to proceed working and growing.
What is the function of procurement in furnish chain management?Procurement can also involve the administration of interior strategies such as adding new suppliers and making sure they are compliant. A key element of a position within provide chain and procurement is provider relations. It's important to make sure that suppliers are joyful however also turning in on their guarantees and price.
How do I ignore a procurement interview?Must have properly negotiation skills. Must have splendid problem-solving skills. Must recognize cost reduction tactics to ensure cost-efficiency. Must be appropriate at planning and imposing correct procurement strategies.
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https://brainly.com/question/21011661#SPJ4directions: after reading this case study, answer questions 93 through 100. a married couple is purchasing a home for $198,000 and gave the broker a $10,000 earnest money deposit. the buyers will finance the purchase with a new 80% loan-to-value mortgage loan. the closing date is march 18, with the closing day charged to the buyer. homeowners association dues are $325 monthly and were paid in advance by the seller. property taxes are $2,416. prorations should be made using the 365-day method. the sellers will pay the 6% brokerage fee, the documentary stamp tax on the deed, and title insurance of $1,789. the buyers will pay the appropriate state taxes on the note and mortgage, $72 in recording fees, and for a survey costing $475. what are the documentary stamp taxes and intangible taxes on the deed and mortgage and how are they shown on the closing disclosure?
The purchase price is shown as $198,000 credit seller, debit buyer on the Closing Disclosure. $ 198,000 will be debited from the buyer's account and credited to the seller's account.. Thus, Option (D) is correct.
Give a brief account on Closing Disclosure.The final information concerning the mortgage loan you have chosen is provided on a five-page document known as a closing disclosure. The conditions of the loan, your anticipated monthly payments, and the total amount of fees and other costs associated with obtaining a mortgage are all included (closing costs). You must receive the Closing Disclosure from the lender at least three working days before the mortgage loan closes. This three-day window gives you the chance to assess how your actual terms and expenses compare to those projected in the Loan Estimate that you previously acquired from the lender. Additionally, you have three days to ask your lender any questions before the closing.
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The complete question is mentioned below :
A married couple is purchasing a home for $198,000 and gave the broker a $10,000 earnest money deposit. The buyers will finance the purchase with a new 80% loan-to-value mortgage loan.
The closing date is March 18, with the closing day charged to the buyer. Homeowners association dues are $325 monthly and were paid in advance by the seller. Property taxes are $2,416. Prorations should be made using the 365-day method.
The sellers will pay the 6% brokerage fee, the documentary stamp tax on the deed, and title insurance of $1,789. The buyers will pay the appropriate state taxes on the note and mortgage, $72 in recording fees, and for a survey costing of $475.
How is the purchase price shown on the Closing Disclosure?
A)$198,000 debit seller, credit buyer; page 3
B)$198,000 credit buyer only; page 3
C)$198,000 debit buyer only; page 3
D)$198,000 credit seller, debit buyer; page 3
simone borrowed 13,500 from the bank to purchase a used car. if the interest rate on this 72-onth loan is 5.9%, how much will somone pay in total back to the bank
Simone will pay back to the bank a total of $18,868.50. This consists of the original loan amount of $13,500 plus an interest payment of $5,368.50. The interest payment is calculated using the formula principal x rate x maturity in months/12.
In this case, the principal is $13,500, the rate is 5.9%, and the term (or loan length) is 72 months. So the interest payment is $13,500 x 0.059 x 72/12, which equals $5,368.50. When added to the original loan amount of $13,500, the total payment Simone will make to the bank is $18,868.50. This amount will be repaid in equal monthly installments over the 72-month duration of the loan.
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Wise users of credit have a no-annual-fee card for convenience purchases and a low-APR card for purchases where they carry a balance.
Yes, having a no-annual-fee card for everyday purchases and a low-APR card for larger purchases or balances can be a wise strategy for managing credit.
This allows individuals to take advantage of convenience and rewards offered by the no-annual-fee card while minimizing interest charges on balances carried on the low-APR card. It is important to keep in mind that paying off balances in full and on time every month is always the best way to avoid interest charges and maintain a good credit score A low-APR card should be used for larger purchases where the balance may be carried over multiple months, as this will result in less interest accruing over time. Additionally, having different credit cards with different benefits can also be beneficial for maximizing rewards and benefits.
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Which of the following is an example of a marketing source when searching for information of a product?answer choicesFriendsSchool LibraryProduct Advertisements
Answer:
product advertisement
a large retailer obtains merchandise under the credit terms of 1/10, net 35, but routinely takes 65 days to pay its bills. (because the retailer is an important customer, suppliers allow the firm to stretch its credit terms.) what is the retailer's effective cost of trade credit? assume a 365-day year. do not round intermediate calculations. round your answer to two decimal places
The effective cost of trade credit for the large retailer is 8.21%.
What is the effective cost of trade credit to the retailer?The effective cost of trade credit is 2.17%.
Calculation: (1/35) x (365/65) x 100 = 2.17%.
Trade credit is an important form of financing for a business. It allows a business to purchase goods and pay for them later. The retailer in this case is obtaining merchandise under the credit terms of 1/10, net 35, which means that they can purchase the merchandise with a 10% down payment and pay the remaining balance within 35 days. However, the retailer routinely takes 65 days to pay its bills. This means that the supplier is allowing the retailer to stretch its credit terms, which is a common practice for important customers.To calculate the effective cost of trade credit for the retailer, we must first calculate the number of days in which the retailer is taking to pay its bills. The retailer is taking 65 days to pay its bills, which is 30 days longer than the original 35 day payment period. Thus, the retailer has an additional 30 days of credit.Next, we must calculate the interest rate that the retailer is charged for the additional credit period. To do this, we can use the formula for the effective annual rate (EAR) of interest:EAR = [(1 + (i/n))^n] - 1
Where "i" is the interest rate per period, and "n" is the number of periods in a year. In this case, the interest rate per period is 10% (1/10) and the number of periods in a year is 365.Plugging these numbers into the formula, we get:EAR = [(1 + (0.1/365))^365] - 1
EAR = [(1 + 0.0002739726)^365] - 1
EAR = [(1.0002739726)^365] - 1
EAR = 1.082080542 - 1
EAR = 0.082080542
Effective cost of trade credit = 8.21% x 65 days
Effective cost of trade credit = 5.36%.
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