The first step in making a choice is to define the issue at hand. When making judgments, related costs and benefits should be evaluated. When making judgments, extraneous costs and advantages should be overlooked.
Not managing your debt wisely can result in ________.
Answer:
A decrease in your credit score.
Explanation:
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During the current year, Ecru Corporation is liquidated and distributes its only asset, land, to Kena, the sole shareholder. On the date of distribution, the land has a basis of $250,000, a fair market value of $650,000, and is subject to a liability of $500,000. Kena, who takes the land subject to the liability, has a basis of $120,000 in the Ecru stock. With respect to the distribution of the land, which of the following statements is correct?
a. Kena recognizes a gain of $530,000.
b. Ecru Corporation recognizes a gain of $250,000.
c. Kena recognizes a gain of $30,000.
d. Kena has a basis of $250,000 in the land.
Accruing a liability always involves ______ expenses and ______ liabilities.
Which inventory costing method uses the oldest cost for cost of goods sold on the income statement and the newest cost for inventory on the balance sheet?.
Answer:
the method used for the oldest cost is FIFO (first in first out)
Conroy Company uses the allowance method to account for bad debts. During the year, Conroy determined that a balance of $200 from Alegia Co. was uncollectible and wrote the balance off. What is the total decrease to net income related to this entry
Because the balance of $200 from Alegia Co. was uncollectible and wrote off, then, the total decrease to net income related to this entry will be $0
What are Uncollectible debt?
An uncollectible debt also called an accounts uncollectible refers tp receivables, loans or debts that have no chance of being paid.
In conclusion, the total decrease to net income related to this entry will be $0 as the balance of $200 from Alegia Co. was uncollectible and wrote off.
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Which person would most likely purchase a life insurance policy with a $1 million death benefit?
A. Walid is elderly and has no close living relatives.
B. Hang is single and just starting his career, and his parents are
financially stable.
C. Carlos has three young children and a large mortgage.
D. Josi owns her home and is debt-free, and her children are grown
with careers of their own.
Individual that is likely to buy a life insurance policy which allows in benefit of 1 million after death is the person who owns his house and is dead free and had the grown up children with their own career. Thus, option (D) is correct.
What is insurance?Insurance can be defined as an agreement or the contract between the insurance and the insurance company in which the losses of the insurance are beard by the company.
It is the way in which the risk of the individual is managed by the insurance company so that he is protected against any kind of the financial losses.
Individuals who own their own home, are debt-free, and have grown-up children with their own careers are more likely to get a life insurance policy with a benefit of $1 million after death. Therefore, it can be computer that option (d) is correct.
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Answer:
It's C. Carlos has three young children and a large mortgage.
Explanation: Just got it wrong thanks to the other answer, correct option was carlos
The Marketing Plan identifies all but which of the following:A.necessary market shareB.qualityC.flexibilityD.resourcesE.targeted market segments
Service providers must offer cues to help their customers experience and perceive their service more positively because the service is Multiple Choice inseparable. heterogeneous. perishable. intangible. unexaminable.
It should be noted that service providers must offer cues to help their customers experience because the service is intangible.
What is a service provider?It should be noted that a service provider simply means an entity that provides service to another party.
In this case, service providers must offer cues to help their customers experience because the service is intangible.
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On behalf of the jazz group Fusion, their manager Greg agrees to a performance in Hillside Amphitheatre on July 4. Greg and Hillside sign a written copy of the agreement. These parties have
The type of contract by the parties when manager Greg agrees to a performance in Hillside Amphitheatre on July 4. is An express.
What is an express?An express contract can be regarded as an exchange of promises in where there is oral declaration or written by the parties on a particular term of agreement.
This agreement is been done under the law and bound on both parties.
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80-85% of the world's natural vanilla is supplied by Madagascar, an island nation off the coast of Africa. Linda read a recent article online in one of the main ingredients for the ice cream that she and Cathal will produce in 'Sligo Scoops'. (i) What effect will a shortage of vanilla have on each of the following:
The price of vanilla:
Answer:
Climate change, crime and speculation mean the price of the fragrant spice has skyrocketed from $20 a kilo five years ago to $515 now.
On January 2, 2021, Hernandez, Inc. signed a ten-year noncancelable lease for a heavy duty drill press. The lease stipulated annual payments of $300,000 starting at the beginning of the first year, with title passing to Hernandez at the expiration of the lease. Hernandez treated this transaction as a finance lease. The drill press has an estimated useful life of 15 years, with no salvage value. Hernandez uses straight-line depreciation for all of its plant assets. Aggregate lease payments were determined to have a present value of $1,800,000, based on implicit interest of 10%. In its 2021 income statement, what amount of interest expense should Hernandez report from this lease transaction
The amount of interest expense should Hernandez report from this lease transaction is $150,000.
Interest expenseDepreciation expenses=Present value-Scrap value/Estimated useful life
Depreciation expenses=$1,800,000-$0/15
Depreciation expenses=$120,000
Interest expenses
Interest expenses=Depreciation expenses+(Annual payments×Implicit interest)
Interest expenses=$120,000+($300,000×10%)
Interest expenses=$120,000+$30,000
Interest expenses=$150,000
Inconclusion the amount of interest expense should Hernandez report from this lease transaction is $150,000.
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The toxic condition caused by excessive waste products in the bloodstream is known as.
Answer:
uremia or uremic poisoning
Explanation:
What are two key takeaways from using auto-drafting to pay your bills?.
The two key takeaways from using auto-drafting to pay your bills are:
Payment is faster.There is less hassle making payments for multiple bills.What is Auto Drafting?This refers to setting up of periodic payments for a particular set of bills which deducts an amount from a checking account.
Some of the advantages of making use of auto-drafting to pay your bills includes:
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Ted's property is in foreclosure, but he has some equity in his property. An investor suggests that she and Ted enter into a sales contract for a substantially higher price than the investor would actually pay. The investor pockets the cash and allows the house to be foreclosed on. What sort of scheme is this
Based on the given information the sort of scheme is: Equity skimming.
What is Equity skimming?Equity skimming can be defined as the way in which an investor defraud or steal a person property equity because the property is in foreclosure.
Since the investor pockets the cash he received from Ted and allow the house to be foreclosed the investor is engaging in what is called equity skimming which is fraudulent acts.
Inconclusion the sort of scheme is: Equity skimming.
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Smith, Taylor, and Jones is a law firm specializing in medical malpractice. Each owner has unlimited liability for the debts of the business and all owners share in the management of the firm. This law firm is an example of a:______.
A. corporation.
B. joint venture.
C. general partnership.
D. strategic alliance.
E. limited partnership.
Answer:
C general partnership I hope this helps
The passage of the pieces of legislation in this list resulted in -- A) the regulation of cabinet-level agencies B) federal guarantees of income C) limitations on government expenditures D) the creation of programs to alleviate poverty
The passage of the Piece of legislation helped in: Limitations of government expenditure.
What is Government Expenditure?Government expenditure also known as government spending is the expense of government that covers consumption, their investments including all the transfer and statements.
These expenditure is always captured in the piece of legislations and are always there to guide the government. A number of things must be captured in the legislation and the government expenditure is on of them.
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True or False: Some financial professionals prefer as-reported data, because they like to apply their own standardization techniques.
Answer:
That is true as far as I can tell
Explanation:
As Reported Data is published at a daily frequency (regardless of the frequency of the underlying indicator) allowing correlations to be made easily between macroeconomic indicators and daily financial series
Now that Amazon does collect sales tax in most states, what other loopholes has Amazon found to evade other taxes?
(In depth response)
Another area in which Amazon has found another tax loophole in order to evade taxes is:
They make use of foreign based companies to receive payments from customers in another country.What is a Tax Loophole?This refers to the legal clauses which the rich people and corporations exploit in order to evade paying tax or paying as much as other people.
One tax loophole which is being used by Amazon to evade tax is the use of foreign based companies to receive payments from customers in another country and bypass HMRC.
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Banner enters into a contract with Sylvia to buy her house for $150,000. Sylvia decides later not to sell because she is so emotionally attached to the house. Banner insists that he is entitled to the house. Banner can successfully sue for specific performance.
a. True
b. False
Managers use the four levers of targeting elements of change to ______.
A. learn more about the competition
B. diagnose problems
C. create new products
D. release products to consumers
Under the optional method for calculating a single-family dwelling service, general loads beyond the initial 10 kVA are assessed at a _____ percent demand factor.
Under the optional method for calculating a single-family dwelling service, general loads beyond the initial 10 kVA are assessed at a 40 percent demand factor.
What is the Demand Factor?In physics, the demand factor is, the ratio of maximum demand of a system in relation to the total connected load that is placed on that system.
The unit for demand factor is always less than 1.
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A fixed interest rates is generally a better option than a variable rate in which
situation?
A. A business owner is seeking a short-term loan to cover emergency
expenses and expects to pay it off quickly.
B. A married couple is seeking a 30-year mortgage for a house that they plan to live in for a long time.
C. A contractor is seeking a mortgage on a home that he plans to "flip," or renovate to sell, within 18 months.
D. A student is seeking a credit card to use for daily expenses and plans to pay off the balance each month.
A fixed interest rates is generally a better option than a variable rate in situation of A. A business owner is seeking a short-term loan to cover emergency expenses and expects to pay it off quickly.
What is fixed interest rates?A fixed interest rate can be described as the unchanging rate that is been charged with respect to the liability.
It should be noted that this can be on the loan or mortgage and the charges is been made by the financial institution or the lender at large, and this can be seen to be apply during the entire term of the loan which is been agreed between the lender and the person that took the loan, hence in the case of A business owner is seeking a short-term loan to cover emergency expenses and expects to pay it off quickly is correct.
Therefore option A is correct.
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Answer:
B. A married couple is seeking a 30-year mortgage for a house that they plan to live in for a long time.
Explanation:
I originally got the wrong answer (I thought it was A), but it was actually B.
A large city zoo provides jobs for over 370 full-time employees and about 600 seasonal workers. The zoo consists of traditional functional units, which include management, marketing, and finance, as well as veterinarians who specialize in caring for the various animals living in the zoo. Although the zoo operates with a CEO, COO, CFO, and a director of marketing, it relies on the veterinarians to make decisions on the appropriate care and environment for the animals. Sometimes the veterinary decisions override marketing and financial concerns even though they operate at a lower level in the organization structure. The zoo operates as a(n) _________ organization.
The zoo above operates as a(n) inverted organization.
What is inverted pyramid organization?The inverted structure is known to be a kind of placing where the most vita information is placed in the lead paragraph of the event, and then there is a kind of arranging of the other or remaining details, from most most important to least important.
In an inverted organization, the aim of management is so as to aid and support their first-line employees, and not to order or boss them around as with the Zoo structure.
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Tom is exchanging money for his trip to India. The exchange rate of US dollars to Indian rupees is 1:45.897. Tom needs 11,550 rupees. The currency exchange service he is using charges a fee of 7.25% after the exchange is made. How many US dollars will it cost Tom to get the rupees he wants?
Answer:
D. $270
Explanation:
$271 cost to Tom to get the rupees, tom wants in exchange of the money for the trip to India as exchange rate of US dollars to Indian rupees is 1:45.897.
What is exchange rate?The value of currency or the money used in one country and the money which is used in other country , the difference amount is called exchange rate.
When countries use gold or another agreed-upon standard, the exchange rate is "fixed," and each currency is worth a specific amount of the metal or other standard.
When supply and demand or speculation determine the value of an exchange rate, it is said to be "floating."
Thus, $271 costs tom to get the rupees.
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True or False: A debate is a discussion between two people who have opposing views.
Answer:
True
Explanation:
Answer:
true
Explanation:
cuz the person is having opposite views
An example of a cost is _____.
revenues
principal and interest on loans
tornadoes
profits
Your company is introducing a new line of activewear for teenagers and invites the members of the high school track team to a private showing of the line. This group consists of __________ for activewear clothing.
It can be deduced that the group consists of opinion leaders for activewear clothing.
What are opinion leaders?It should be noted that opinion leaders are the individuals that are experts within a particular industry.
In this case, the company invites the members of the high school track team to a private showing of the line and this group consists of the opinion leaders.
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A bat and a ball cost $1. 10 in total. The bat costs $1. 00 more than the ball. How much does the ball cost, in cents?.
bat and ball cost =$1.10
cost of bat=$1
cost of ball= $1.10-$1
=$0.10
an individual who scores high on holland's _____ dimension enjoys working with people in order to persuade, lead, or manage them to reach organizational goals.
It should be noted that scoring high on holland's model influence how people lead and manage things.
What is holland's model?The holland's model explain how people lead and manage things around them, it explains that been a leader is inbuilt.
Therefore, individual who scores high on holland's model dimension enjoys working with people.
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When Linda McAnem began Stirya, a New York-based computer services company, she ran it as a sole proprietorship. As a sole proprietor, McAnem:
As a sole proprietor, McAnem will find the business to be easy and inexpensive to form.
What is a sole proprietor?It should be noted that a sole proprietor simply means an individual who owns and manages a business on his or her own.
In this case, as a sole proprietor, McAnem will find the business to be easy and inexpensive to form. This is an advantage of this form of business.
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