Certain obligations, such as mortgages and auto loans, include repayment terms that call for ongoing monthly payments after the first year. Hence unearned subscription revenues ; notes payable accounts.
What is Multi-period known liability ?
In this instance, the balance sheet category for the debt principal that is due the next year is current liability.
Liability typically denotes being accountable for something, but it can also imply owing someone money or services. A homeowner's tax obligation, for instance, may be the amount of property taxes due to the city or the amount of income taxes due to the federal government.
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a fraudulent cash scheme to overstate cash assets at year end by recording deposits in transit in both the account from which the cash is withdrawn and the account to which it is tranferred is
A fraudulent cash scheme to overstate cash assets at year end by recording deposits in transit in both the account from which the cash is withdrawn and the account to which it is transferred is kiting of cash.
Kiting is the dishonest use of a financial tool to gain more, unauthorized credit. Kiting includes two primary forms of fraud: writing or changing a check or bank draught with insufficient amounts.
Until the offender is apprehended, this procedure goes on. It involves banking financial instruments and may also be done with securities when any securities firm does not honor the settlement of the buying-selling transaction or floating with timetables imposed by regulatory bodies, i.e., three days settlement period.
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National retailers often purchase _____________, fill in the blank, that offer specials in thousands of local newspapers.
Circulars that advertise specials in thousands of local newspapers are frequently purchased by national retailers.
What are advertisements?Advertising sometimes referred to as an advert or ad, is typically seen as a form of public discourse that supports a good, service, organization, or event. Some others consider the concept to be far broader than that, including any sort of sponsored advertisement intended to inform or influence
Local news in journalism refers to news coverage of occurrences in a local setting that would not otherwise be of national or worldwide significance or be of interest to another locality.
Therefore, advertise specials in thousands of local newspapers
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2. would the management of fairmont division have been more likely to accept the investment opportunity it had in 20x1 if residual income were used as a performance measure instead of roi?
The Fairmont Division's 20x1 performance metrics are as follows:
A) The ROI now stands at 11.09%.
B) $1,108,000 is the residual income.
A performance measure is what?An approach to measuring outcomes or results is known as a performance measure, which enables management, lenders, and investors to assess the efficacy and efficiency of their investments. The following resources could be subject to a performance measure:
People resourcesWorker timeFundingInvestments.Calculations:
The minimum return required is equal to 16% before taxes.
Finished productive assets = $23,100,000
($23,100,000/1.05) = $22,000,000 for first producing assets.
Average productive assets are equal to $22,550,000 ($23,100,000 + $22,00,000) divided by two.
Return on Investment is calculated as Income from Operations (pre-tax)/Median Productive Assets (x 100).
= $2,500/$22,550 x 100
= 11.09%
Income before taxes minus the cost of capital, or (Average productive assets x Minimum Required Returns)
= $2,500,000- ($22,550,000 x 16%)
= $2,500,000 - $3,608,000
= ($1,108,000)
As a result, the residual income is $1,108,000 while the return on investment (ROI) is 11.09%.
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Correct Question:
Wyalusing Industries has manufactured prefabricated houses for over 20 years. The houses are constructed in sections to be assembled on customers’ lots. Wyalusing expanded into the precut housing market when it acquired Fairmont Company, one of its suppliers. In this market, various types of lumber are precut into the appropriate lengths, banded into packages, and shipped to customers’ lots for assembly. Wyalusing designated the Fairmont Division as an investment center. Wyalusing uses return on investment (ROI) as a performance measure with investment defined as average productive assets. Management bonuses are based in part on ROI. All investments are expected to earn a minimum return of 16 percent before income taxes. Fairmont’s ROI has ranged from 29. 2 to 32. 4 percent since it was acquired. Fairmont had an investment opportunity in 20x1 that had an estimated ROI of 28 percent. Fairmont’s management decided against the investment because it believed the investment would decrease the division’s overall ROI. The 20x1 income statement for Fairmont Division follows. The division’s productive assets were $23,100,000 at the end of 20x1, a 5 percent increase over the balance at the beginning of the year.
Fairmont Division Income Statement For the Year Ended December 31, 20x1 (in thousands) Sales revenue 22,500 Cost of goods sold 13,900 Gross margin 8,600 Operating Expenses: Administrative 1,800 Selling 4,300 6,100 Income from operations before income taxes 2,500.
Required:
1. Calculate the following performance measures for 20x1 for the Fairmont Division.
A) Return on Investment (ROI)
B) Residual Income
2. Would the management of Fairmont Division have been more likely to accept the investment opportunity it had in 20X1 if residual income were used as a performance measure instead of ROI? Explain your answer
true or false: advanced planning and scheduling systems evaluate different scenarios of changes in customer demand and material delays.
The given statement is true. Modern scheduling and advanced planning tools assess various client demand and material delay scenarios.
What is advanced planning and scheduling system ?A system known as advanced planning and scheduling (APS) tracks expenses based on the activities that are the main drivers of costs in the creation of manufactured goods. An APS balances demand and plant capacity by allocating raw materials and production capacity optimally.After decades of trying to manually coordinate thousands of production resources, such as machinery, staffing, raw materials, and work in progress (WIP), advanced planning and scheduling software is a operations management system that enables planners and schedulers save what is left of their sanity.The sophisticated application of legal, regulatory, or financial expertise is known as advanced planning, and it is done in order to increase and protect the net worth of an individual or family. Advanced planning has clear goals and rewards that are difficult to argue against.To learn more about advanced planning and scheduling refer to :
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Answer:
True
Explanation:
APS software is typically enhanced by (or limited by) the data it has available at the time of scenario evaluation.
Given an assumption of more data, based on the phrasing of your question, the answer is True.
Walker Enterprises Co. is evaluating a proposed capital budgeting project that will require an initial investment of $1,550,000. The project is expected to generate the following net cash flows:
Year Net Cash Flow
1 $350,000
2 $475,000
3 $400,000
4 $475,000
Walker Enterprises Co. has been basing capital budgeting decisions on a project’s NPV; however, its new CFO wants to start using the internal rate of return (IRR) method for capital budgeting decisions. The CFO says that the IRR is a better method, because percentages and returns are easier to understand and to compare to required returns. Walker Enterprises Co.’s desired rate of return is 7%.
Which of the following is the IRR of the project?
4.66%
3.66%
7.00%
108.68%
5.80%
If this is an independent project, the IRR method states that the firm should the project.
If the project’s desired rate of return decreased, how would that affect the IRR?
The IRR will not change.
The IRR will increase.
The IRR will decrease.
The IRR of the project from what is calculated is 3.66%. Option B.
If this is an independent project, the IRR method states that the firm should reject the project.
If the project’s desired rate of return decreased, the effect on the IRR is that The IRR will not change. Option A.
What is the IRR?In financial analysis, the internal rate of return (IRR) is a statistic used to calculate the profitability of possible investments. IRR is a discount rate that, in a discounted cash flow analysis, reduces all cash flows' net present values (NPV) to zero.
The same formula is used for NPV calculations and IRR calculations. Remember that the project's true financial value is not represented by the IRR. The annual return is what brings the NPV to a negative value.
The solution is in the excel file attached.
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deposit claims with a face value of $100,000 or more that pay a fixed interest rate and have a fixed maturity of at least 14 days are called
The deposit claims are known as negotiable certificates of deposit
A bank certificate of deposit (CD) is a secured type of time-bound deposit and a unique type of low-risk savings account where money is kept with the bank for a set amount of time in exchange for a higher interest rate. Because the banks invest the money in a business, it typically offers its holder a better interest rate than a standard savings account.
A negotiable certificate of deposit is a form of a certificate of deposit with a minimum face or par value of $100,000 that cannot be redeemed before its maturity date, preventing the holder from taking money out of the account before that time. Thus, a negotiable certificate of deposit is an interest-bearing time deposit issued by a bank that is marketable and has a predetermined maturity date as well as a specified interest rate.
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What is a system in which the government plans and determines the production of goods and services?.
A command economy is an economic system in which the government plans and determines the production of goods and services.
What is a command economy ?A command economy is a crucial component of a political system in which the degree of output that is permitted and the prices that may be paid for products and services are set by a central governing body. Most industries are owned by the public.The principal alternative to a command economy is a free market economy where supply and demand determine prices and output.A communist political system includes a command economy, whereas capitalist countries have a free market.In a command economy, the central authority establishes the amount of output, manages the flow of products, and sets the pricing.Government control, as opposed to private enterprise, according to proponents of command economies, can guarantee a just distribution of commodities and services.Learn more about Command economy refer :
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a bank that is looking at your past payment records on your loans is most likely examining which aspect of the 5 c's of lending?
A bank that is reviewing your past loan repayment history is probably also looking at the character component of the five c's of lending.
Lenders assess your loan application based on your collateral, capacity, capital, conditions, and character. Find out what they are to improve your eligibility when approaching lenders.
The usage of the five Cs of credit is not mandated by regulation, but the majority of lenders look at the majority of this data before enabling a borrower to incur debt.
To assess a borrower's character, a lender will consider the applicant's general reliability, credibility, and personality. This is done to ascertain whether the applicant is trustworthy and likely to pay back loans and other debts on schedule.
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Which means of record keeping is the least effective when using a perpetual
inventory system?
OA. hand-written inventory cards
B. point-of-sale terminals
C. computerized database
D. bar code scanners
Answer:
A
Explanation:
A periodic inventory system is the least effective when using a perpetual inventory system. This is because a periodic inventory system does not track inventory levels on a continual basis.
mattel, inc. selects suppliers and obtains raw materials to make toys. the company is engaged in which function of marketing?
Mattel, inc. selects suppliers and obtains raw materials to make toys. The company is engaged in buying function of marketing.
A product is a great, provider, or idea which includes a package of tangible and intangible attributes that satisfies consumers and is obtained in exchange for cash or a few other units of the fee.
Product knowledge is a vital sales talent. Know-how your products' features permit you to provide their benefits correctly and persuasively. Customers reply to enthusiastic sales groups of workers who're captivated by their products and keen to percentage the benefits with them.
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suppose that tax revenue is $300 billion and that government spending is $250 billion. the budget is:
Suppose that tax revenue is $300 billion and that government spending is $250 billion. the budget is $25 billion.
ΔAD = Tax Multiplier × ΔTaxes. Rearranging: ΔTaxes = ΔAD/Tax Multiplier. ΔTaxes = $25 billion/(-9) = - ($25 billion/9) = - $2.78 billion. Thus, we should cut taxes by $25 billion.
Tax revenue is defined as the earnings collected from levies on income and gains, social security benefactions, levies levied on goods and services, payroll levies, levies on the power and transfer of property, and other taxes.
Tax profit is defined as the finances collected from levies on income and gains; Social Security levies or “ benefactions ”; levies levied on goods and services, generally distributed as “ consumption levies ”; payroll levies; levies on the power and transfer of property; and other taxes. Tax profit is the bone quantum of duty collected. For an excise( or, per unit) duty, this is volume vended multiplied by the value of the per unit duty. duty profit is counted as part of total fat. Some of the patron fat from before the duty will now be part of the duty profit.Learn more about Tax here: https://brainly.com/question/26316390
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a $50 dress reduced from $100 can seem like a better deal to stephanie than the same dress priced regularly at $50. this best illustrates the importance of
The correct answer is framing.
A $100 dress is down to $50. Comparing it to the $50 usual price of the identical outfit, it seems like a better deal.
This is the ideal illustration for framing.
The term "framing" describes the circumstance in which something is only marginally more acceptable than it would otherwise be.
For instance, no one would notice this garment if it were normally $50. However, to many, it seems like a better deal if it is sold for $50 instead of $100. That is framing.
Framing is a method of profit-maximizing psychological manipulation of people. It takes use of the fact that people are judgmental and will accept a given option if it is presented in a more advantageous way.
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Companies are doing less ________ and more ________ as a result of the explosive developments in communication technologies to better target smaller customer segments.
'Companies are doing less mass marketing and more digital marketing as a result of the explosive developments in communication technologies to better target smaller customer segments.
Digital marketing is the component of marketing that uses the Internet and online-based digital technologies such as desktop computers, mobile phones and other digital media and platforms to promote products and services.
Digital marketing can be broadly divided into eight main categories including search engine optimization, cost per click, social media marketing, content marketing, email marketing, mobile marketing, marketing analytics and affiliate marketing.
Modern marketing is a comprehensive, agile, data-driven way to connect brands with their ideal customers and drive targeted business outcomes. To achieve this level of personalization, as a modern marketer, you need a deep understanding of your customers.
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In advertising response models, a typical source of nonlinearity is a decreasing marginal effect, where each extra ad gains fewer exposures than the previous ad.
true
In advertising response models, a typical source of nonlinearity is a decreasing marginal effect, where each extra ad gains fewer exposures than the previous ad.
The above statement is True.
What do you mean by Advertisement Response model?
Advertising Response Model can be defined as a conceptual model which is intended to explain how advertising is completed. It helps in evaluating advertising performance by various measures.It helps to measure advertising and sales promotion.It increases the sales or market share.There are various measures including Mission, Money, Message and Media.It helps to explain how the information is processed, how customers can process their information.It targets the specific audience and helps in gaining revenue.Hence, the above statement is True.
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if the price of windmills rises by 20%, and the quantity supplied rises by 2%, what is the price elasticity of supply of windmills?
The quantity supplied changes in reaction to a change in price, and this is measured by the price elasticity of supply.
The calculations and interpretations are similar to those for the price elasticity of demand that we previously described. The only distinction is that we are focusing on producers' reactions to a price shift rather than customers' reactions. The quantity of a good or service supplied divided by the price change as a percentage represents price elasticity of supply. The law of supply applies because this elasticity is measured along the supply curve, so price elasticities of supply are always positive numbers. The point elasticity approach and the mid-point elasticity approach are the two methods for calculating elasticities, in case you forgot.
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a. apologize to his customers. b. explain the reasons and hook the increase to benefits. c. promise a rate decrease in the future when the economy improves. d. prove that all his competitors are raising prices too.
The reason would be "explain the reasons and hook the increase to benefits."
Whatever the motivation, rising prices has many positive effects. Higher costs frequently boost consumers' perceptions of the quality of your products. It seems obvious that if you charge more, you'll have more funds to devote to your business and your endeavors. To compensate for rising operating costs, businesses frequently increase the pricing of the goods and services they offer. For instance, a product reseller may raise prices only as a result of its supplier raising costs for raw materials or completed items.We are all aware of words' influence. The appropriate phrases may convey personality and generate interest in your company's product. They can establish a relationship of trust and loyalty with your audience. Your messaging is crucial when creating a strategy for pricing increases.Thus the correct option is B.
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Here's the full question-
Roger's company will be raising the prices of its basic services, and Roger must write to customers to inform them of these increases. What is the most important thing he should do when writing this message?
Prove that all his competitors are raising prices too.
Explain the reasons and hook the increase to benefits.
Apologize to his customers.
Promise a rate decrease in the future when the economy improves.
the idea that investors, on average, have earned a higher return from common stocks than from treasury bills supports the view that:
The idea that investors on average have earned a higher return from common stocks than from Treasury bills supports the view that: there is a relationship between risk and return.
Which investment kind normally yields the highest return?Stocks have historically yielded investments with the highest average rate of return. However, stock is one of the riskiest investments because there are no assurances of earnings when you purchase shares.
What is the relationship between an investment's risk and projected return?The return needed to entice investors to buy an asset is higher the riskier the investment is, and vice versa. It is clear from the link between risk and return that investors are risk averse; they need HIGHER rates of return to be persuaded to invest in riskier securities.
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What type of spending funds the federal bureau of investigations and defense programs?.
Expenditures on necessities like food, FDI, and defense programs are referred to as "mandatory spending." Discretionary spending is all other spendings.
What is Discretionary and Mandatory Spending?The government budgeting process involves two categories of spending: required and discretionary. Spending that is subject to the appropriations process, in which Congress sets a new funding level each fiscal year (which starts on October 1st), is referred to as discretionary spending. Appropriations laws provide funding for around one-third, or $1 trillion, of the federal government's operations.
Mandatory spending is used to describe all expenditures that do not result from appropriations legislation. Spending that is necessary includes contributions to entitlement systems like Social Security and Medicare as well as required interest payments on the national debt. About two-thirds of all federal spending is accounted for by mandatory spending.
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yovanka has diabetes and she will pay any amount of money to buy the insulin she needs to stay alive. yovanka's price elasticity of demand for insulin is:
Yovanka has diabetes and she will pay any amount of money to buy insulin she needs to stay alive. Yovanka's price elasticity of demand for insulin is perfectly inelastic.
What is Price Elasticity of Demand?
Price elasticity of demand measures how much a product's consumption changes in response to price changes. Price elasticity is a tool used by economists to analyze how supply and demand for a product change in response to price changes.
If a good's price elasticity is infinite, it is perfectly elastic (if demand changes substantially even with minimal price change).
The good is elastic if price elasticity is more than 1, and inelastic if it is less than 1.
The elasticity of a product is impacted by the accessibility of a substitute. Demand won't change as the price increases if the product is necessary and there are no suitable alternatives, making it inelastic.
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Evaluating the quality of services before making a purchase is harder than evaluating the quality of goods because, compared to goods, services tend to exhibit fewer __________ qualities
Evaluating the quality of services before making a purchase is harder than evaluating the quality of goods because, compared to goods, services tend to exhibit fewer working qualities.
The contribution focuses on measuring and assessing service quality. It is carried out using the suggested quality standards for the range of educational and informational services that clients of the institution received. Customers rate suggested criteria using questionnaires and a five-grade rating system, which reflects how satisfied or unsatisfied they are with the criterion. The analysis of each quality criterion identifies the areas where the service delivery process needs to be improved. The measurement findings are analyzed statistically, visually, and by correlation analysis, which can be used to establish the relationship between the quality standards.
These data are crucial for assessing the quality management process since they enable assessment of the impact.
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An individual contributes p 200 per month to a retirement account. The account earns interest at a nominal annual rate of 8% with interest being credited monthly. What is the value of the account after 35 years?.
$449,866.95 is the Future value of the account after 35 yerars.
What is amount future value?Future value (FV) is a term used to describe how much, at some future date and with a given interest rate, a sequence of regular payments will be worth.As a result, it will show you how much you will have accumulated as of a future date if you, for instance, plan to invest a set amount each month or year.The formula to compute the future value is shown below:
Future value = Amount (1+i)^n -1 ÷ i)
where,
Interest rate = 8% ÷ 12 months = 0.6666%
And, the number of months = 35 years × 12 months = 420
Now put this value to the above formula
F = $200 × (1 + 0.6666)^420 - 1 ÷ 0.6666%
After solving this,
Future Value: $449,866.95
N (Number of Periods) 420.000
(Interest Rate) 0.660
PMT (Periodic Deposit) $200.00
Starting Amount $0.00
Total Periodic Deposits $84,000.00
Total Interest $365,866.95
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Anita is a top manager at z-tech. She has the formal authority to control and use z-tech resources because of her hierarchical position in the firm. Given only this information, what type of power can we say anita has?.
Anita has Legitimate power.
Legitimate power is the formal authority given to someone within an organization.
As it comes from a position or process name, legitimate power is the shape of positional power. In any efficient gadget, there are distinctive tiers of power.
This creates a sense of order and provides structure to the working environment.
Legitimate power is the power that comes from one's organizational function or position. For instance, a chairman can assign initiatives, a policeman can arrest a citizen, and a teacher assigns grades.
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if the production function exhibits increasing returns to scale in the steady state, an increase in the rate of growth of population leads to
Increases in the rate of population growth result in increases in total output but decreases in output per worker if the production function exhibits rising returns to scale in the steady state.
A production function in economics describes the technological relationship between the amounts of physical inputs and the amounts of output of commodities. One of the core ideas of traditional neoclassical theories is the production function, which is used to define marginal product and distinguish allocative efficiency, a crucial area of economics study.
To address allocative efficiency in the use of factor inputs in production and the ensuing distribution of income to those factors, while abstracting from the technological challenges of achieving technical efficiency, as an engineer or professional manager might understand it, is one of the key goals of the production function.
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how might an interactive leader like mary barra communicate a policy change that impacts all gm employees from executive-level managers to assembly line workers? check all that apply.
A dynamic leader must establish task teams at various organizational levels to communicate the advantages of a policy change, organize a series of town hall meetings to discuss the change and hear employee concerns, and hold informal meetings with senior managers, department heads, and staff members.
What is a policy?A purposeful set of rules designed to direct behavior and produce logical results is called a policy. A policy is a declaration of intent that is carried out through a method or protocol. Typically, a governance board inside a company adopts policies. Both subjective and objective decision-making can benefit from policies. Policies used in subjective decision-making typically help senior management with choices that must be based on the relative merits of a variety of variables and, as a result, are frequently challenging to assess objectively, such as work-life balance policies. In addition, governments and other institutions have policies in the form of laws, rules, guidelines, administrative procedures, rewards, and voluntary practises. Resources are frequently distributed in accordance with policy choices. A policy is a guideline for recurring or routine organizational actions.
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tutankhamen, aged 12, contracts to purchase a burial plot from valley of the kings cemetery. can tutankhamen enforce the contract? (hint: see page 287 in text)
Yes, even though the valley of the kinds cannot, since the contract is voidable tut's option. (since he is minor).
A contract is a legally enforceable agreement that creates, defines, and governs the common rights and obligations of the parties. A contract usually involves the delivery of goods, services, money, or the promise to deliver any of these at a later date.
The basic elements necessary for an agreement to become a legally enforceable contract are the consent of both parties, represented by a valid offer and acceptance; due consideration; ability; and legitimacy. In some states, considerations may be met with a valid alternative. A contract is, in its simplest definition, a legally enforceable promise. A promise can be to do something or not to do something. The conclusion of a contract requires the consent of two or more people, one of whom usually makes an offer and the other accepts it.Learn more about the contract here: https://brainly.com/question/984979
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the difference between an actual and budgeted revenue or cost is called multiple choice pro forma. liquidity. financial flexibility. variance.
The correct answer is pro forma.
What is pro forma?
Pro forma is Latin for "as a matter of form" or "for the sake of form." It shows that a method of calculating financial outcomes utilising specific assumptions or predictions has been employed when it appears in financial statements.
Pro forma financials are not calculated in accordance with generally accepted accounting standards (GAAP) and typically exclude one-time costs that are not related to ongoing business operations, such as costs associated with restructuring after a merger.
A pro forma financial statement can be used to examine a company's future prospects and can be used to remove whatever the firm feels obscures the accuracy of its financial outlook.
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if you have a $150,000, 30-year, 5 percent mortgage, how much of your first monthly payment of $805.23 would go toward principal?
Principal is the principal minus interest. For example, you buy a house for $350,000 and invest $50,000 in cash.
This means that you will be borrowing $300,000 in principal from your lender, which you will have to repay over the life of the loan. Principal is the amount you borrowed when you first took out the mortgage. To calculate your mortgage amount, simply subtract your down payment from the final sale price of your home. The key is to tell the lender that the additional payment will be applied to the principal. If you don't clarify this, you may find that your additional payments are used for the interest you owe, not the principal.
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When adding another unit of labor leads to an increase in output that is smaller than increases in output that resulted from adding previous units of labor, we have the property of.
When adding another unit of Labor Leads to an increase in output that is smaller than the increases in output that resulted from adding previous units of labor, we observe the property of diminishing Labor.
Also called the law of diminishing returns.
The truth regularly said as a law or precept is that when any factor of manufacturing, such as exertions, is improved at the same time as different elements, such as capital and land, are held constant in amount, the output in step with a unit of the variable thing will sooner or later diminish.
Diminishing returns occur when the margin made of the variable entered is negative.
This is whilst a unit increase within the variable input causes the total product to fall.
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brad and jennifer plan to marry. before their marriage, they agree that if they divorce, brad will pay jennifer only $100,000 as a settlement. under the statute of frauds, this agreement:
Jennifer and Brad intend to wed. Before getting hitched, they decide that Brad will give Jennifer only $100,000 in the settlement if they get divorced. This Agreement shall be in writing to be enforceable under the statute of frauds.
Describe the statute of fraud.A legal principle is known as the statute of fraud mandates that certain kinds of transactions be completed in writing. The law covers agreements involving the sale of real estate, transactions involving items valued at more than $500, and agreements lasting a year or longer.
The statute of fraud was predominantly established in the United States as common law or unwritten law. In most states, it has since been institutionalized by statutes. The defendant may assert it as a defense in a breach of contract proceeding when the statute of fraud is relevant.
In fact, for the defense to be effective, they frequently must do so positively. In this situation, the plaintiff has the burden of proof. It is the burden of the plaintiff to prove that a legal contract actually existed.
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bao, a production manager, works with a human resource consultant to design a new work flow for the production unit. together they define the necessary inputs. these include raw materials, information, human resources, and
In the 21st century, talent is essential for organizations to adapt to the rapidly changing business environment and increasing demand for skilled workers.
Human resources : what is that?The department of a company responsible for finding, screening, recruiting, and training applicants is known as Human Resources (HR). It also manages employee benefits plans. People are an important aspect of running any company, regardless of its size. His responsibilities include increasing employee productivity and protecting the company from problems that may arise within the workforce.
Compensation and benefits, hiring, firing, and keeping abreast of laws that may affect the company and its employees are just some of the Human Resources department's responsibilities.
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