Sally, a lender with a banking, has received a loan application from a prospective buyer hoping to purchase a four-bedroom house. sally would verify the information she has received.
To assess applicants' creditworthiness and ability to repay a mortgage loan, mortgage bankers are required to confirm or verify applicants' work status, salary, credit history, and other financial information. Bankers make sure that applicants complete all necessary loan forms, and they respond to any queries that applicants may have regarding the mortgage procedure.
When you apply for a mortgage to buy real estate, you must submit a loan application to the lender. The data in a loan application is what lenders use to determine whether or not to approve the loan.
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Under which of the following circumstances may investment bankers review an equity research report prior to publication
(B) To verify the factual accuracy investment bankers review an equity research report prior to publication.
What are investment bankers?A financial institution's investment banker is largely responsible for obtaining cash for firms, governments, or other entities.The investment banking industry is attractive because it pays handsomely.Investment bankers must have great verbal and writing communication skills, as well as the ability to work long and demanding hours.Prior to publication, investment bankers analyze an equities research report to ensure its accuracy.Large, complex financial transactions are facilitated by investment bankers. These transactions may include arranging for a client's acquisition, merger, or sale. Another duty of investment bankers is to issue securities in order to raise capital.As the description itself says, prior to publication, investment bankers analyze an equities research report to ensure its accuracy.
Therefore, (B) to verify the factual accuracy investment bankers review an equity research report prior to publication.
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Complete question:
Under what circumstances may investment banking personnel review an equity research report prior to publication?
A) To prevent a recommendation that may alienate a client company
B) To verify its factual accuracy
C) Under no circumstances
D) To ensure a favorable recommendation
A plumbing company prides itself on excellent customer service, especially during after-hours service calls. Its owners want to connect with people who need emergency plumbing services in the middle of the night. Which setting could help the owners achieve these goals
Ad scheduling could help the owners achieve these goals.
Ad scheduling:
You can define when you want your ads to appear using the ad scheduling tool, such as during regular business hours or on particular days of the week. By doing this, you can avoid paying for ads to appear when you are unable to respond to consumer inquiries. Additionally, you can specify bid adjustments using the ad schedule. This implies that you have the option of raising or lowering your bids for particular dates and times. For instance, during weekends when more people shop online, you might wish to up your bidding.
In this situation, ad scheduling is the best way to reach potential customers looking for emergency plumbing services late at night.
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A small business owner with an egalitarian view of race who nonetheless refuses to hire people of a minority race out of deference to her customers is practicing
Answer: discrimination without prejudice
Explanation: The owner respects her customer's practice against Latinos.
A British grocery chain uses previously obtained U.S. dollars to purchase apples from the United States. This transaction
A British grocery chain uses previously obtained U.S. dollars to purchase apples from the United States. This transaction increases British net capital outflow and increases U.S. net exports. This is further explained below.
What is a grocery chain?Generally, Fresh or packaged food is sold at grocery stores, which are sometimes known as "grocery shops" (AE), "grocery stores" (BE), or simply "grocery" (AE).
In conclusion, Apples from the U.S. are purchased by a British supermarket chain using U.S. money that was previously purchased. This deal raises net capital outflow from the United Kingdom and boosts net exports from the United States.
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The Family Inventory of Life Events and Changes (FILE) measures the severity of different stressors. The most severe of all is _____.
The most severe of all is the death of a child.
What is the Family Inventory of Life Events and Changes (FILE)?
Hamilton McCubbin, Joan Patterson, and Lance Wilson (1983) developed the Family Inventory of Life Events and Changes (FILE) as an index of family stress. It assesses the accumulation of life events encountered by a family (the AA factor of the Resiliency Model). The concept of life stress has gained traction in public and scholarly journals. Stress, as defined here, is derived from two bodies of scientific literature: psychobiological stress research and family stress theory.The death of a kid is the most serious of all.As it is given in the description itself, the death of a kid is the most serious of all.
Therefore, the most severe of all is the death of a child.
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Fennick Company reports net income of $92,000 in 2022. However, ending inventory was understated by $7,000. What is the correct net income for 2022
The correct net income for 2022 is $99,000.
Given,
In 2022, the Fennick Company reported a net income of $92,000.
Nevertheless, ending inventory was $7000 underestimated.
Since it is given that the closing inventory was understated.
It would mean that the net income will also be understated by the same amount.
Therefore to calculate the amount of correct net income we will add $7,000 which is the amount by which inventory was understated to the incorrect net income,
Which means, correct net income = incorrect net income + understated amount of ending inventory
correct net income = $92,000 + $7,000
= $99,000
Hence, the correct net income for the year 2022 is $99,000.
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A journal with a debit and credit column for recording transactions is known as a___________.
A journal with a debit and credit column for recording transactions is known as a General journal. All other financial reports are built on top of journal entries. They offer crucial data that auditors use to assess how financial transactions affect a corporation. A diary is an example of a journal because it allows you to record your thoughts and events.
Scholarly, popular, and trade periodicals are the three categories into which the majority of journals and magazines fall. General ledger, which is then used to produce financial statements of a business, is created using entries in an accounting journal.
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What is the core content included in each section of the report?
Title page, Table of contents, Executive summary, Introduction, Discussion, Conclusion, Recommendations and References are the core content included in each section of the report.
A report is a written document that organizes information for a particular audience and use. Complete reports are nearly always supplied in the form of written papers, despite the fact that summaries of reports may be given verbally.
Report writing is a formal way of writing in-depth about a subject. Reports always have an official tone. Always consider who the intended audience is before writing a section. Writing a report about a school event, a business case, etc. are a few examples.
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Which are considered to be the working areas of accounting?
The five main working areas of accounting. They are - managerial accounting, financial accounting, auditing, tax accounting, and accounting for governmental and not-for-profit organisations.
Business transactions are recorded and categorised as part of financial accounting. Here majority of the information is historical, or from the past. Managerial accounting is about a company’s operations to managers.
Internal and external auditing are the two distinct forms of auditing. An impartial third party examines a company's financial accounts during an external audit. Examining an organization's accounting division of labour is a component of internal auditing. Additionally, what standards and processes are in place, as well as who is qualified to do whatever accounting tasks.
Tax accounting include making preparations for tax season and filing tax returns. This area of accounting supports firms in adhering to IRS requirements. Public accounting, sometimes referred to as government accounting, manages all state and federal money distributions. Climate change, the utilisation of welfare money, social accounting, and the estimation of the cost to humanity are only a few examples.
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Arguing that globalization is ultimately driven by joint gains from mutually beneficial trade is an argument from which perspective
Arguing that globalization is ultimately driven by joint gains from mutually beneficial trade is an argument from the liberal perspective.
What does the liberal viewpoint entail?Liberal beliefs regarding the nature and purpose of law are centered on defending individual freedom. Liberals, following John Stuart Mill, argue against enforcing morality on the grounds that the use of coercion or control is not justified by society's conception of what is ethically appropriate. According to the liberal perspective, acts that damage or wrong people but to which they consent—often referred to as victimless crimes—are not properly criminalized. Thus, for a liberal, the border between the sex that ought to be criminalized and sex that shouldn't is the line between uninvited sex and sex that ought to be allowed.
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The goal of investing $50 per month for the next 12 years for your nephew's college fund is a(n):______goal.
An investment vehicle known as a mutual fund pools the money of its shareholders and uses it to buy securities like stocks, bonds, money market instruments, and other assets. Professional money managers who specialize in managing mutual funds deploy the assets of the fund to produce capital gains or income for the fund's investors.
The portfolio of a mutual fund is structured and managed to meet the investment objectives stated in the prospectus. Mutual funds provide access to professionally managed portfolios of stocks, bonds, and other securities to small and individual investors. As a result, each shareholder shares in the fund's profits or losses in proportion.
Mutual funds invest in a wide range of securities, and their performance is typically measured by the change in the fund's total market capitalization.
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A manufacturer's raw-material purchasing department would likely be classified as a: Select one: a. investment center. b. cost center. c. profit center. d. contribution center. e. revenue center.
b. cost center
The department responsible for buying raw materials for a manufacturing would probably be categorized as a cost center.
What are cost centers and how do they differ?There are primarily two categories of cost centers: centers for production costs, where goods are made or processed. An assembly area is an illustration of this. Cost centers for services, where goods and services are delivered to other cost centers. The canteen or the personnel office are two examples of this.
What sort of thing would be a cost center?The accounting, human resources, IT, maintenance, and research and development departments are a few examples of cost centers. In comparison to a department, a cost center can be defined at a lower level. It might have to do with a certain machine, manufacturing line, or work role.
Why is a cost center created?Cost centers' main duty is to maintain a record of the costs incurred. The managers or other high-level officials are tasked with keeping expenditures in line with the allotted budget; they are not responsible for the use of the earnings that are earned.
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In pricing a property, what might expired listings tell the real estate professional?
The price at which a property won't sell.
What are expired listings?
The listing agreement has a specified end date when a homeowner hires an agent to sell a house. When this deadline passes without the house selling and without the owner renewing the listing agreement with the real estate agency, the listing expires. Similar to how potential buyers frequently include offer expiration dates when submitting offers to sellers. The offer "expires" and can no longer be accepted by the seller if the offer expiration date passes before the seller accepts.
These are four methods for obtaining leads from expired listings:
Make Use of the Multiple Listing Service (MLS) to find expired listings Buy Expired ListingsAsk Other Real Estate AgentsAccess public records.Learn more about expired listings with the help of the given link:
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There are many account representatives who can help you with your order is an example of a cliche.
a. true
b. false
The statement"There are many account representatives who can help you with your order is an example of a cliche." is FALSE. This is further explained below.
What are account representatives?Generally, A professional who typically works on teams that are responsible for providing customer support and creating relationships is known as an Account Representative. They bring in revenue through establishing new customer connections and fostering those that are already in existence. They collaborate with clients on an as-needed basis throughout each step of the development process.
In conclusion, The convenience factor is one of the many benefits that listeners may get from podcasting as a form of advertising.
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Assume that aggregated fact table B is based on the detailed fact table A. Which of the following is FALSE
The false statement is E) Table B has more records than Table A
A detailed table is one in which a single record refers to a single fact while in the case of an aggregated table, a single record may refer to more than one fact. In the given case Table B is aggregated table that's why it is not possible that it has more records than table A.
A truth table shops quantitative facts for analysis and is regularly denormalized. A fact desk works with size tables. A reality desk holds the facts to be analyzed, and a measurement table shops facts about the methods in which the statistics in the fact table can be analyzed.
Tables are database items that incorporate all of the records in a database. In tables, records are logically prepared in a row-and-column format much like a spreadsheet. Every row represents a unique record, and every column represents a field inside the report.
Your question is incomplete. Please read below to find the complete question.
Assume that aggregate fact Table B is based on the detailed fact table A. Which of the following is false?
A) a number of dimensions that Table B is connected to are equal to or less than the number of dimensions that Table A is connected to.
B) a number of records in Table B are equal to or less than the number of records in Table A.
C) table B provides an aggregated view of facts in Table A.
D) all dimensions connected to Table B are connected to Table A.
E) table B has more records than Table A.
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A decrease in private sector borrowing and spending caused by increased government borrowing is:.
A decrease in private sector borrowing and spending caused by increased government borrowing is crowding out.
What is crowding out?Crowding out is a phenomenon in economics that occurs when increased government participation in a sector of the market economy has a significant impact on the rest of the market, either on the supply or demand side of the market.One type that is commonly discussed is when expansionary fiscal policy reduces private-sector investment spending. Government spending is "crowding out" investment because it requires more loanable money, raising interest rates, and limiting investment spending. This fundamental study has been expanded to include numerous channels, which may result in little or no change in total output.Therefore, a decrease in private sector borrowing and spending caused by increased government borrowing is crowding out.
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In year 1, Heron Corp. has depreciation expense for income statement purposes of $10,000. The depreciation deduction on the tax return was $14,000. The enacted tax rate is 30%. Heron's pretax income for the year was $80,000, and its taxable income was $76,000. If this is the only difference between pretax income and taxable income, the journal entry to record tax expense for the year would include which of the following entries? a) debit tax expense of $22,800
b) credit deferred tax liability of $4,000
c) debit tax expense of $24,000
d) credit taxes payable of $22,800
e) credit deferred tax liability of $1,200
The main reason price ceilings are set is so that consumer prices
Answer:
The main reason for imposing price ceilings is to protect the interests of the consumers in situations in which they are not able to afford needed commodities.
Explanation:
According to Porter's model of business activities, interactions across value activities are called ________.
According to Porter's model of business activities, interactions across value activities are called linkages.
What was Porter's model of business activities?
A tool for analyzing a company's competitive environment is Porter's Five Forces Framework. It uses industrial organization economics to extract five forces that control the level of competition and, consequently, the profitability of an industry.
Five Forces in Porter the competition's model
The threat of brand-new competitors.The threat of using different goods or services.supplier bargaining strength.Buyer bargaining strength.The rivalry between contemporary rivals.The goal of Porter's Five Forces Model is to assess a market, or business sector potential's for profit. According to Michael Porter, there are five forces that have the ability to affect each business sector.
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Suppose the economy is in long-run equilibrium. if there is a sharp increase in the minimum wage as well as an increase in taxes, then in the short run, real gdp will:______
If there is a sharp increase in the minimum wage as well as an increase in taxes, then in the short run, real gdp will fall & price level might rise, fall, or stay the same and in the long run, the price level might rise, fall, or stay the same but real GDP will be lower.
What is a minimum wage?This refers to the lowest remuneration that an employers can legally pay their employee as the the price floor below which employees may not sell their labor.
The effect of this on economy is noted as a sharp increase in the minimum wage as well as an increase in taxes, then in the short run, real gdp will fall & price level might rise, fall, or stay the same and in the long run, the price level might rise, fall, or stay the same but real GDP will be lower.
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In the case of distributive bargaining, the ________ point indicates what a person would like to achieve out of a negotiation.
In the case of distributive bargaining, the target point indicates what a person would like to achieve out of a negotiation.
What is collective bargaining?This is when an agreement is reached between employer and employees in an organization on issues that requires urgent attention.
Collective bargaining involves employees working together in an organization coming together to agree about some important matters.
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Suppose that a bank's actual reserves are $5 million, its checkable deposits are $5 million, and its excess reserves are $3 million. the reserve requirement must be:_______
The reserve requirement is 40%.
What is the reserve requirement?Reserve requirement is the percentage of deposits that is required of commercial banks to keep as reserves with the Central Bank. The reserve requirement is a told that is used by the Central Bank of a country to control the level of money supply in the economy.
The first step is to determine the reserves of the bank.
Reserves = checkable deposits - excess reserves
$5 million - $3million = $2 million
Reserve requirement : (reserves / checkable deposits) x 100
($2 million / $5 million ) x 100 = 40%
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Which of the following financing types involves the sale of personal property with the real property
A package loan is the following financing type that involves the sale of personal property with real property.
Property is any item that someone or a business has criminal title over. property is a system of rights that gives human beings felony manipulation of valuable matters, and also refers to the treasured matters themselves.
property may be tangible objects, which include houses, motors, or home equipment, or it can talk to intangible gadgets that carry the promise of destiny well worth, such as stock and bond certificates.
Types of Property
Movable and Immovable Property.Tangible and Intangible Property.Private and Public Property.Personal and Real Property.Corporeal and Incorporeal Property.learn more about property here
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The journal entry to close the fees earned, $115, and rent revenue, $20, accounts during the year-end closing process would involve:_________.
The closing account for Fees earned and Rent revenue is Profit or loss account.
What is Rent?Rent is the cash compensation for occupying a property of an owner for a specific period of time, the rental expense is paid by the occupier to the owner of the property.
The rent is paid monthly, semi annually or annually as per the agreed duration of time in the contract also the amount of the rent is also agreed and mentioned in the contract, the contract is a legal document and can be challenged in court of law if any party breaches the clause(s).
The fees earned and rental income is reflected in the other income head of the Profit or loss account and that is why its closing entry contains this account. The fees earned and the rental income is not reported directly in the statement of Financial position.
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hich of the following conditions is characteristic of a monopolistically competitive firm in both the short run and the long run
The conditions are numerous businesses, distinctive products, and open admission.
What is monopolistic competition?
An industry with a lot of companies offering similar (but not identical) replacement goods or services is known as one with monopolistic competition. In a monopolistic competitive industry, there are few barriers to entry and exit, and no firm's decisions directly affect those of its rivals.
Consumers are likely to be familiar with a variety of industries that exhibit monopolistic competition in their daily lives. Restaurants, hair salons, apparel, and consumer gadgets are a few examples. We'll take the case of home cleaning supplies to demonstrate the features of monopolistic competition.
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A company has current assets (cash, property, inventory, and accounts receivable) of $200,000 and current liabilities (taxes, loans, and accounts payable) of $50,000. How much can it borrow if it wants its ratio of assets to liabilities to be no less than 2
Based on the current assets and the current liabilities, the amount that can be borrowed to about exceeding the ratio of assets to liabilities is $100,000.
How much can the company borrow?= Assets / Liabilities
If the value that can be borrowed is x, the formula would be:
2 = (200,000 + x) / (50,000 + x)
x = $10,000
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The company can borrow $100,000 if it wants its ratio of assets to liabilities to be no less than 2.
What is the ratio of assets to liabilities called?The ratio of assets to liabilities or liabilities to assets is called the debt-to-asset ratio.
The debt-to-asset ratio shows the degree to which assets are funded by debts, the level of the financial risk faced by the company, and how capital-intensive a company is.
Data and Calculations:Before Borrowing:
Assets Liabilities
Amount $200,000 $50,000
Debt ratio 4 : 1
After Borrowing:
Amount $300,000 $150,000 ($50,000 + $100,000)
New Debt ratio 2 : 1
Thus, the company can borrow $100,000 if it wants its ratio of assets to liabilities to be no less than 2.
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The theory of rational expectations indicates that households and businesses’ expectations change ________ and therefore ________ the effectiveness of monetary or fiscal policy.
The theory of rational expectations indicates that households and businesses’ expectations change immediately and therefore preclude the effectiveness of monetary or fiscal policy.
What is the theory of rational expectations?This is the term that is used in Economics to refer to the fact that the individuals and the people are known to base their decisions on their experiences, available information and their ability to make rational decisions.
This theory tells us that people do not just act. They have to consider these factors first in order to make the best choice that they need. Hence the The theory of rational expectations indicates that households and businesses’ expectations change immediately and therefore preclude the effectiveness of monetary or fiscal policy.
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During the summer of 2014, uber cut the price of its uberx service 20-25 percent. the success of such a pricing strategy depends on:_____.
a. an increase in the demand for rides.
b. the demand for rides being highly inelastic.
c. the demand for rides being highly elastic.
d. the demand for rides being unit elastic.
The correct answer the demand for rides being highly elastic.
When demand is very elastic, lowering the price leads to an increase in overall income. The elasticity of demand is the change in demand that occurs when another economic component, such as price or income, changes.
Inelastic demand occurs when the demand for a commodity or the service stays constant despite price changes. Elastic commodities include luxury items as well as some foods and beverages because price variations impact demand. An elastic demand curve is one in which the amount sought for a particular commodity is responsive to price fluctuations.
Therefore, the correct answer is c. the demand for rides being highly elastic.
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The salary of a vice president of an organization is an example of a(n)________ cost while the salary of an electrician hired to work on a construction project is an example of a(n) ________ cost
The salary of a vice president of an organization is an example of an indirect cost while the salary of an electrician hired to work on a construction project is an example of a direct cost.
Direct costs are those business expenses which can be directly applied to producing a specific cost object, like a particular good or service. Cost objects are those items to which that expenses are assigned.
Different examples of direct costs include:
Direct labor
Manufacturing supplies
Direct materials
Indirect costs are those expenses which are applied to more than one business activity. Indirect cost are not like the direct cost, They cannot assign indirect expenses to specific cost objects rather they assign those expenses in total.
Examples of indirect costs include:
Rent
Other overhead costs
Utilities
Professional expenses
General office expenses
Employee salaries (e.g., administrative)
Direct costs are those expenses that directly go into producing goods or providing services, while indirect costs are those general business expenses that keep you operating.
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11. The Federal statute that was intended to reduce the number of repetitive NFIP claims while also reducing flood losses and costs associated with insurance claims is the:
he Flood Insurance Reform Act of 2004 is the statute that was intended to reduce the number of repetitive NFIP claims.
What was the Federal flood institute?This was the institute that was started in the United States due to the havoc that was caused by floods.
The goal of this was to check the claims that people were making based on the situation.
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