Answer:
c
Explanation:
20 points
Joshua is the junior accountant of a construction company. He pays rent for its office building for the month of January. He credits the bank account and debits the rent account. What will be the change in the balance sheet on account of this transaction? A. total current liabilities increase
B. total current assets decrease
C. total fixed assets increase
D. long term liabilities decrease
E. total current liabilities decrease
Answer:
Hi!
The correct answer is E. total current liabilities decrease.
When Joshua credits the bank account and debits the rent account, it means that the company paid rent for its office building. Rent is considered an expense and is recorded as a debit to the rent account. At the same time, the bank account is credited, which means that money has been paid out of the account. This transaction will result in a decrease in the company's total current liabilities because rent is considered a current liability. Current liabilities are debts that are due within a year or less. By paying the rent for January, the company has reduced its current liabilities, resulting in a decrease in the total amount of money owed by the company in the short term.
hope this helps!
Which of the following statements is TRUE?
A. Your portfolio should have a higher allocation toward bonds
and cash equivalents right before you retire.
B. You should try to maximize your investment earnings right
before you retire.
C. Both A and B
D. Neither A nor B
When opening an account What are the 3 things you need to do?
You must decide on a bank and give it the required documentation, such as identification and proof of address, in order to opening an account.
Usually, in order to be eligible, you must be 18 years old. Finally, in order to avoid costs, you might need to fund the account or maintain a minimum level. You will require a government-issued ID, your ID number, and your physical and mailing addresses in order to open an account.
You should read the disclosures before choosing an account so that you are aware of any account fees or minimum balance requirements. Depending on the characteristics you need, such as high interest rates, low minimum balance requirements, no ATM fees, or something else, you can choose the bank or account you desire. You must provide the bank or credit union with paperwork when you open a new bank account so they can confirm your identity.
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companies that adopt the global model tend to base their global competitive strategy on
Companies that adopt the global model tend to base their global competitive strategy on standardizing their products or services across all their international markets.
This approach focuses on leveraging economies of scale and reducing costs by producing a single product or service that can be marketed globally with minor adaptations to local markets. This strategy is particularly effective for companies that sell products or services with high consumer demand that have similar needs and preferences across different regions.
Another aspect of the global competitive strategy is to maintain a centralized control structure with key decisions made at the headquarters level. This allows companies to maintain consistency and coherence in their global operations. Additionally, global companies tend to invest heavily in marketing and branding to create a strong global image that resonates with their target audience. By establishing a strong global brand, companies can build a loyal customer base across different regions, which can translate into increased sales and market share.
Companies that adopt the global model tend to base their global competitive strategy on standardization, cost efficiency, and economies of scale. By standardizing products and services across different markets, these companies can achieve greater operational efficiency, which leads to cost savings. Standardization also enables firms to create a consistent brand image and customer experience, which can be beneficial in enhancing their global reputation.
Moreover, companies following a global competitive strategy often focus on achieving economies of scale, which allows them to lower their per-unit production costs by spreading fixed costs across a larger output. This, in turn, can help them to price their products and services more competitively in the global market, giving them an advantage over their rivals.
Additionally, global companies typically leverage their extensive networks and resources to identify best practices and innovations from around the world. By incorporating these elements into their products and operations, they can continuously improve their offerings, enhancing their overall competitiveness.
In summary, companies adopting a global model base their competitive strategy on standardization, cost efficiency, and economies of scale. These factors enable them to provide consistent, high-quality products at competitive prices, ultimately allowing them to maintain a strong position in the global market.
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Using the information in Extract B, calculate, to 2 decimal places, the profit for the year (net profit) margin for Fevertree Drinks plc in 2016. You are advised to show your working
Based on the information in Extract B, Fevertree Drinks plc net profit margin in 2016 is 33.6%.
What is the net profit margin?This can be found by the formula:
= Net profit / Sales x 100%
Solving gives:
= 34,301,880 / 102,237,354 x 100%
= 33.6%
In conclusion, the net profit margin for Fevertree Drinks is 33.6%.
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The school Spanish Club is sponsoring a trip to Mexico that will cost $1000 per student. Your parents will contribute $300 but you need to save the remaining $700 over the next four months. You currently work seven hours a week babysitting for $10 per hour. The following are your monthly expenses.
Variable Expenses (Clothes, CS’s, Movie Tickets etc. ) $180.00
Fixed Expenses (school fees, buss pass) $65.00
Calculate your monthly earnings and expenses
Compute how much you will need to earn and/or reduce your expenses to meet your goal.
Real World Application
You want to save $2000 for college by working over the summer. You can find a job that will pay you for 40 hours per week at a regular rates plus an average of 10 hours per week at Overtime rates at 1.5 times your regular rate. You can work fro 10 weeks. You figure that you need to spend $150 per week to pay miscellaneous variable expenses.
Calculate how much you will need to earn per hour to save at least $2000 in addition to meeting your weekly expenses?
Think Critically, is $150.00 in weely expenses a realistic estimate? What are you not including?
My monthly earnings and expenses are: $245
Amount I would need to earn more per month is: $120
What are expenses?An expenditure is a business's operational cost incurred to produce income. It may be simply described as the price one must pay to acquire something. It takes money to make money, as the adage goes.
Supplier payments, staff salaries, manufacturing leases, and equipment depreciation are examples of frequent costs. Firms are permitted to write off tax-deductible costs on their income tax returns to decrease their taxable income and hence their tax burden; however, the Internal Revenue Service (IRS) has tight limits on which expenses businesses are allowed to claim as a deduction. Profit maximization is one of the top priorities for management teams in businesses. By increasing income while controlling costs, this is accomplished. Cutting expenses might enable businesses to increase their sales revenue.
However, if expenditures are lowered too much, it could also be harmful. For instance, cutting back on advertising might cut expenses but also affect a company's exposure and capacity to connect with potential clients.
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relative to less successful franchises, how much can successful sports franchises often charge for concessions?
Successful sports franchises often charge for more concessions
What Is a Concession Agreement?A concession agreement is a contract that grants a corporation the permission to carry out a specific activity within the purview of a government or on the premises of another company, subject to certain conditions. Contracts between a concession owner, often known as a concessionaire, and the nongovernmental owner of a facility are frequently included in concession agreements. The concessionaire is given exclusive permission to run their business at the facility for the duration of the agreement and subject to certain restrictions. At their best, concession agreements are a type of outsourcing that enables all parties to take advantage of their comparative advantages.
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Answer: b)more
Explanation:
What was one benefit and one cost of the Fed’s unusual step of buying long-term securities following the financial crisis of 2008–2009? pls I need is asap for my economic class
Federal bought good quality securities at lower prices during financial crisis. They also had to bear the cost of losing money on some stocks that lost capitalization due to the crisis.
What is financial crisis?Financial crisis in the economy refers to increased prices of goods and decrease in the market capitalization due to a decline in the economy. Federal bought securities for long-term during 2008 financial crisis.
The benefit of buying this dip was that federal was able to invest in quality stocks at discounted prices. However, it also lost money in companies which could not survive after the end of the financial crisis.
Hence, the benefits and costs of Federal's purchases during the financial crisis of 2008-09 are as aforementioned.
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In a defined-benefit plan, the process of funding refers toa. determining the projected benefit obligation.b. determining the accumulated benefit obligation.c. making the periodic contributions to a funding agency to ensure that funds are available to meet retirees' claims.d. determining the amount that might be reported for pension expense.
In a defined-benefit plan, the process of funding refers to making the periodic contributions to a funding agency to ensure that funds are available to meet retirees' claims. The right option answer is C
This is necessary because the plan promises a specific benefit amount to retirees, which must be funded by the employer or plan sponsor. The contributions made by the employer are based on actuarial calculations that take into account factors such as the number of participants, their ages and service years, and the expected rate of return on plan assets. The goal of funding is to ensure that the plan has sufficient assets to pay the promised benefits when they become due, and to minimize the risk of underfunding or unfunded liabilities.
Hence, the answer with right option is C.
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Select the correct answer.
Ahmed has been running a laundry service in his neighborhood for the past eight years. He picks up soiled clothes and delivers washed and ironed clothes at the customers’ doorsteps. A transporter who offers to pick and deliver customer clothes at a cheaper rate than his current transporter approaches him for a business deal. What do you think Ahmed should do in such a case?
A.
immediately discontinue services of the current transport person
B.
continue the services of the current transport person forever
C.
delay the payments of the current transport person so that he willingly discontinues his services
D.
wait until the contract with the current transport person ends before using the new transport person
Answer:
D) wait until the contract has ended
throughout history, most managers operated on a trial-and-error basis. during the industrial revolution in the 18th and 19th centuries, major advances in manufacturing and transportation technologies occurred, such as the steam engine, cotton gin, and railway networks. and with the availability of large numbers of low-skilled laborers, businesses and factories grew in size, becoming more complex to operate. managers who made minor improvements in management tactics were .
Managers who made minor improvements in management tactics were able to achieve impressive increases in production quality and quantity. option (C) is correct.
The time of 18th and 19th centuries was a period having very carelessness in the executive's abilities period. Firms couldn't deal with the framework of mass creation and mass worker system. At that period, the chiefs who made minor upgrades in administration strategies supposedly got a weighty expansion in quality and amount underway similarly.
The Modern Unrest is known to bring about the coming of better and quicker innovation that assists firms with doing the task all the more productively. It additionally assists the board with extraordinarily expanding its output.
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This question is not complete , Here I am attaching the complete question:
throughout history, most managers operated on a trial-and-error basis. during the industrial revolution in the 18th and 19th centuries, major advances in manufacturing and transportation technologies occurred, such as the steam engine, cotton gin, and railway networks. and with the availability of large numbers of low-skilled laborers, businesses and factories grew in size, becoming more complex to operate. managers who made minor improvements in management tactics were .
(A) Unable to achieve mass production.
(B) not able to bring about increases in production quality.
(C) able to achieve impression increases in productivity quantity and quality.
(D) able to hasten the emergence of management as an informal art.
(E) Unable to achieve economies of scale.
If the population of a country is 1,000,000 people, its labor force consists of 500,000, and 40,000 people are unemployed, the unemployment rate is:
Answer:
8.0 percent
Explanation:
To find the unemployment rate you:
Divide the number of people unemployed by the number of people in labor force (Employed and Unemployed)Then, multiply the number by 100Hope this Helps
The cpi is a measure of the overall cost of the goods and services bought by.
The cpi is a measure of the overall cost of the goods and services bought by a typical consumer.
What is the CPI?
The consumer price index is a measure of inflation. It measure the price changes of a basket of goods bought by consumers.
CPI = (cost of basket of goods in current period / cost of basket of goods in base period) x 100
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John is a registered agent with ABC Brokerage, a registered securities broker-dealer in the State. Mike is a registered agent of XYZ Insurance Brokerage, a registered insurance agency in the State. John is not registered with the State to sell insurance and Mike is not registered with the State to sell securities. Mike verbally agrees with John that Mike will tell his insurance clients to do their securities trades with John, for which John will pay Mike 25% of the commission charged to the customer. This is a violation known as:
In this question the violation that is committed here is what is called splitting commission.
What is splitting commission?
This can be described to be a commission that is split between two people or more.
The commission is split when the person that got the job decides to split with the other party that linked him up with a client.
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The table in this question shows total cost and total revenue information for perfectly or purely competitive firms.
Quantity Total Cost Total Revenue
0 500 0
1 600 135
2 710 270
3 830 405
4 960 540
5 1100 675
6 1250 810
7 1410 945
8 1580 1080
9 1760 1215
10 1950 1350
Firms earning a loss will sometimes shut down in the short run/ What will the profits be if this firm shuts down?
$ _____
Firms sometimes prefer to minimize losses by continuing to operate in the short run, what will its profits equal? Enter a negative number for a loss
$ _____
What quantity will the firm produce if it shut down in the short run?
_____ Units
What quantity will the firm produce to minimizes losses in the short run?
_____ Units
If the cost and revenue numbers in the table will continue forever permanently, is it better for this firm to:
a. Shut down immediately
b. Continue to operate indefinitely
c. Continue to operate in the short run, and exit the market in the long run
The firm can minimize its losses to -$420 by producing 4 units in the short run, but in the long run, it should exit the market since it's unable to make a profit with the given cost and revenue numbers.
What will be the revenue numbers?
1. If the firm shuts down, the profits will be:
Total Revenue (TR) - Total Cost (TC) = 0 - 500 = -$500
2. To minimize losses, the firm should operate where the difference between Total Revenue and Total Cost is the smallest. Let's find the smallest difference in the table:
- (600-135) = -$465
- (710-270) = -$440
- (830-405) = -$425
- (960-540) = -$420
- (1100-675) = -$425
- (1250-810) = -$440
- (1410-945) = -$465
- (1580-1080) = -$500
- (1760-1215) = -$545
- (1950-1350) = -$600
The smallest difference is -$420 when producing 4 units. Thus, the profits will equal -$420 when minimizing losses.
3. The quantity the firm will produce if it shuts down in the short run is 0 units.
4. The quantity the firm will produce to minimize losses in the short run is 4 units.
5. Considering the cost and revenue numbers in the table, the firm should:
c. Continue to operate in the short run, and exit the market in the long run
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During the last year, Cold Goose Metal Works Inc. generated $702 million in cash flow from operating activities and had negative cash flow generated from investing activities (-$384 million). At the end of the first year, Cold Goose Metal Works Inc. had $120 million in cash on its balance sheet, and the firm had $330 million in cash at the end of the second year. What was the
To calculate the change in cash, we need to consider the cash flows from operating activities, investing activities, and the beginning and ending cash balances.
At the beginning of the first year, the cash balance was $120 million. During the year, the company generated $702 million in cash flow from operating activities. Additionally, it had negative cash flow generated from investing activities of -$384 million.
To determine the ending cash balance for the first year, we can calculate:
Beginning Cash + Cash Flow from Operating Activities + Cash Flow from Investing Activities = Ending Cash
$120 million + $702 million - $384 million = Ending Cash
The ending cash balance for the first year is:
$120 million + $702 million - $384 million = $438 million
Moving to the second year, we are given that the cash at the end of the second year was $330 million.
To calculate the change in cash from the beginning of the first year to the end of the second year, we subtract the beginning cash from the ending cash of the second year:
Ending Cash (Year 2) - Beginning Cash (Year 1) = Change in Cash
$330 million - $120 million = $210 million
Therefore, the change in cash from the beginning of the first year to the end of the second year for Cold Goose Metal Works Inc. is $210 million.
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Generally, it is a sound business practice to take advantage of cash discounts. the money saved by paying invoices promptly is free to be used elsewhere. conversely, there is an implicit (opportunity) cost of foregoing a cash discount. by forgoing a cash discount, the small business owner is, in effect, paying an annual interest rate to retain the use of the discounted amount for the remainder of the credit period.
For example, assume that Jill anticipates she will receive invoices for $500 from the vendors offering cash discounts of 3/10, net 45.
a) how much will Jill save by paying within the discount period?
b) what will it cost Jill to retain the use of credit for 45 days?
c) what is the annual interest rate of the "loan" (ie. what is the annual rate of 3/10, net 45)?
Answer: a. $485
b. $15
c. 32.28%
Explanation:
a. how much will Jill save by paying within the discount period?
3% × $500 = 3/100 × $500 = 0.03 × $500 = $15
The amount saved will be:
= $500 - $15.
= $485
b) what will it cost Jill to retain the use of credit for 45 days?
This will be:
= 3% × $500
= 3/100 × $500
= 0.03 × $500
= $15
c) what is the annual interest rate of the "loan" (ie. what is the annual rate of 3/10, net 45)?
c) The annual interest will be calculated using:
= P x R x T
where,
I = interest = $15
P = principal = $485
R= rate of interest = Unknown
T= time factor = 15/365 = 0.0958
Then, annual Interest rate will be:
R = 15/ (485 x 0.0958)
R = 32.28%
Annual Interest rate is 32.28%
For each of the following assets, indicate which, if any, of the monetary aggregates includes them. Asset a. Currency b. Money market mutual funds (noninstitutional) c. U.S. T-bills (with maturities of less than 90 days) d. Small-denomination time deposits e. Large-cap mutual funds f Checkable deposits
A. Currency: Currency is included in the monetary aggregates M1 and M2.
b. Money market mutual funds (non-institutional): Money market mutual funds (non-institutional) are included in the monetary aggregate M2.
C. US Treasury Bills (with a maturity of less than 90 days): US Treasury Bills (with a maturity of less than 90 days) are included in both M1 and M2 monetary aggregates.
d. Time deposits in small nominal value: Time deposits in small nominal value are included in the monetary aggregate M2.
E. Large-cap mutual funds: Large-cap mutual funds are not included in the monetary aggregates M1 or M2.
F. Checkable deposits: Checkable deposits are included in the monetary aggregate M1.
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shoe companies can use influencer marketing to build brand recognition to gain credibility and familiarity. t or f
"Shoe companies can use influencer marketing to build brand recognition to gain credibility and familiarity." Option A True
What is marketing?Generally, Marketing creates, communicates, delivers, and exchanges products and services that benefit consumers, clients, partners, and society.
Marketing informs consumers, engages them, and helps them decide to purchase. Your company plan's marketing strategy helps create and sustain demand, relevance, reputation, competitiveness, etc.
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Click this link to view O*NET’s Skills section for Postal Service Mail Carriers. Note that common skills are listed toward the top and less common skills are listed toward the bottom. According to O*NET, which common skills are needed by Postal Service Mail Carriers? Select two options.
active listening
critical thinking
repairing
instructing
equipment maintenance
Answer:
AB
Explanation:
got it right
An international business is a firm that
Part 2
A. hires non-U.S. citizens.
B. produces a wide range of products.
C. is not from the United States.
D. engages in international trade or investment.
Option D: An international business is a firm that engages in international trade or investment.
Therefore, the correct answer is option D. An international business is a company that conducts business across national borders. This can include importing and exporting goods, investing in foreign markets, and operating in multiple countries.
It is not necessarily defined by the nationality of its employees, the range of products it produces, or the country in which it is headquartered. International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. It involves cross-border transactions of goods and services between two or more countries.
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What causes hyperinflation to occur?
Overly rapid and excessive money supply expansion Value and pricing are diametrically opposed. As a result, the price level is related to the money supply. these reasons for hyperinflation.
Hyperinflation is the term used to describe a rapid, disproportionate, and unchecked increase in general prices in an economy. Inflation measures how quickly prices are rising for goods and services, whereas hyperinflation is defined as a surge in inflation that generally exceeds 50% each month. Hyperinflation is an uncommon occurrence in Western countries, but it has occurred regularly historically in places like China, Germany, Russia, Hungary, and Georgia. Hyperinflation is the word used to characterise unrestrained, rapid price increases that are consistently high on a monthly basis in an economy. Hyperinflation results from damage to the underlying productive economy.
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gastroenterology job outlook
All of the digestive system's organs, including the GI tract (esophagus, stomach, and intestines) and biliary organs, are cared for by gastroenterologists (your liver, bile ducts, pancreas and gallbladder.)
What test is most effective for gastroenterology?Upper gastrointestinal series (UGI), ultrasounds, MRIs, CT scans, and X-rays are examples of common imaging examinations used to diagnose gastric disorders. A barium swallow or barium enema may be performed in addition to an X-ray to provide an even sharper image of the gastrointestinal tract.
What are the three digestive diseases?some examplesof a digestive disease (IBS)
a. Irritable Bowel Syndrome
b. the illness Crohn's.
c. Gluten intolerance
What is a gastroenterologist's area of specialization?ERCP, Endoscopy, Colonoscopy, Stomach Slimming Balloon, Liver Diseases, Hepatitis Treatment
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In
, people invest money in a company in exchange for the company’s
.
Answer:
In equity crowdfunding, people invest money in a company in exchange for the company’s shares
Explanation:
Equity crowdfunding is the process in which people invest in start up companies and early stage companies that have not been listed on a stock market in exchange for shares in that company. As a result of the investment, the person becomes a shareholder and makes profit when the company do well but if the company fails, shareholders make losses.
Startups and early-stage companies use this method to raise capital.
As children, we just have one or two things, but as adults, we have a complete bag of balls that we are attempting to maintain in the aif. Consider all the roles you may be playingwife, mother, daughter, employee, student, military spouse fwhich, while technically a "wife" role, has its own unique issues, so I think we can call it out individuallyl. PTA member, church conmittee chair, blopeer, bock dub member, etc. In addition, the upcoming holiday saason will make you further busier. Last year, during the fall I was attending classes and learning a new job which was very complex. Being a full-time student along with working a full-time job can be chatlenging. Being able to balance work and school can be challenging because i feel like l've been prioritizing work above study. I need to earn money for school, so I must work. For scholarships and decent grades, I still need to continue my education. College is largely dependent on finances. You cannot obtain an education without money. In my case, not working will prevent me from having money or a good education. But I have found that being organized can make it a bit better. However, when learning a new job that is complex you can tend to get overwhelmed. Which happened to me, I felt like every time I completed an assignment at school that was difficult and time-consuming. I was faced with even a more difficult task at work. At times I felt like giving up and hiding trom the world and my responsibilities. The painful reminders that there Through completing the Business Writing Assignment, you constructed a workplace document and engaged in the writing process by taking your instructor's feedback and employing it to improve your assignment. It is important to take time to reflect on your own writing process to hone the process and use it to empower you to improve your process over time. Locate your Business Writing Assignment and evaluate what you wrote. Since this is a reflection, you can include your emotions and reactions, and use the first person ("I′′ ) to write your reflection. In a 550-word reflective response, complete the following elements:
- Discuss your experience writing your assignment, reviewing your instructor's initial feedback, and revising your response.
- Explain some of your writing process and what you thought worked well. - Also, detail some of what in your process you will look to improve for next time.
Writing the Business Writing Assignment was a challenging yet valuable experience. Receiving and implementing feedback from my instructor helped me improve my work, and I realized the importance of reflection and continuous improvement in my writing process.
Writing the Business Writing Assignment was a journey that involved multiple stages. Initially, I invested time and effort into constructing a workplace document, aiming to meet the assignment requirements. However, it was the process of reviewing my instructor's initial feedback that truly enhanced my understanding and propelled me towards improvement.
By carefully considering the feedback, I gained valuable insights into the strengths and weaknesses of my writing. It allowed me to identify areas that required refinement, such as clarity, organization, or the inclusion of specific details. Armed with this knowledge, I embarked on the revision phase, diligently incorporating the suggestions and making necessary adjustments.
Throughout the writing process, I found certain aspects of my approach to be effective. For instance, I appreciated the value of planning and outlining before diving into the actual writing. This allowed me to structure my ideas and ensure a logical flow in the document. Additionally, seeking feedback from peers or colleagues provided valuable perspectives and helped me fine-tune my work.
However, I recognize the need for improvement in certain areas of my writing process. One aspect I aim to enhance is time management. As the assignment coincided with a busy period in my life, I realized the importance of allocating dedicated time for writing, revising, and incorporating feedback. Improving this aspect will ensure a more balanced and efficient writing process in the future.
In conclusion, the experience of writing the Business Writing Assignment, coupled with the invaluable feedback from my instructor, taught me the significance of reflection and continuous improvement. Through careful analysis of my writing process, I identified strengths to build upon and areas to refine, emphasizing the importance of time management and seeking constructive feedback for future assignments.
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How much should someone’s loan payment be if their total income is $100?
Someone’s loan payment if their total income is $100 should be 30 times their monthly income.
The loan payments means the amounts required to be paid by the borrower in repayment of the loan pursuant to the provisions of the loan agreement, the note and the bond mortgage.
In most cases, lenders consider approximately 50-75% of the net income as instalments. In case your expenses exceed the percentage, banks either increase the tenure of the loan or reduce the amount sanctioned.
Additionally, to minimise the risk of default, lenders keep the EMIs of the loan to about 45-60% of your monthly income.
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Christopher has a collection of 20 video games and will buy 4 more each month. Peter has a collection of 92 video games and will sell 5 each month. After how many months will they have the same number of video games? How many will that be?.
Answer:
It would be 8 months and they each would have 52 games.
Explanation:
The number of months after both will have the same number of video games will be 8.
How to form an equation?Determine the known quantities and designate the unknown quantity as a variable while trying to set up or construct a linear equation to fit a real-world application.
In other words, an equation is a set of variables that are constrained through a situation or case.
As per the given,
Christopher has a collection of 20 video games and will buy 4 more each month.
The number of video games after x number of months,
⇒ 20 + 4x
As per the given,
Peter has a collection of 92 video games and will sell 5 each month.
The number of video games after x number of months,
⇒ 92 - 5x
The number of months when both will have the same number of video games will be as,
20 + 4x = 92 - 5x
4x + 5x = 92 - 20
9x = 72
x = 8
Hence "Eight months will pass after each has an equal quantity of video games".
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jerry, a partner with 30 percent capital and profits interest, received his schedule k-1 from plush pillows, lp. at the beginning of the year, jerry's tax basis in his partnership interest was $54,000. his current-year schedule k-1 reported an ordinary loss of $19,000, long-term capital gain of $3,400, qualified dividends of $2,400, $900 of non-deductible expenses, a $14,000 cash contribution, and a reduction of $4,400 in his share of partnership debt. what is jerry's adjusted basis in his partnership interest at the end of the year?
At the end of the year, Jerry's adjusted basis in his partnership interest is $44,600. It is important to note that these calculations assume no other adjustments or transactions occurred during the year that would affect his basis.
Jerry's adjusted basis in his partnership interest at the end of the year can be calculated by considering the various components that affect his basis. Let's break down each element:
Beginning Tax Basis: Jerry's starting tax basis in his partnership interest was $54,000.
Ordinary Loss: The reported ordinary loss of $19,000 decreases Jerry's tax basis. Therefore, his basis is now $54,000 - $19,000 = $35,000.
Long-Term Capital Gain: The long-term capital gain of $3,400 does not affect the tax basis since it is a gain, not a loss.
Qualified Dividends: Similarly, the qualified dividends of $2,400 do not impact Jerry's tax basis.
Non-Deductible Expenses: The $900 non-deductible expenses also do not affect Jerry's basis.
Cash Contribution: Jerry's $14,000 cash contribution increases his tax basis. Therefore, the basis is now $35,000 + $14,000 = $49,000.
Reduction in Partnership Debt: The $4,400 reduction in Jerry's share of partnership debt further decreases his basis. Consequently, his basis is $49,000 - $4,400 = $44,600.
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What is a Target Market ? A Marketing with a bullseye goal . B Customers to whom a company wants to sell its products and services
Answer:
Customers to whom a company wants to sell its products and services
Explanation:
When I decided to set up my own business, I decided to focus on just those customers who wanted just the product I invented. They are my target customers and I'll focus my advertising on just their needs and interests. That will be my target market.
he left the clinic. start's with that
Answer:
sí, salió de la clínica
Explanation: