Answer:
Hard money loan
Explanation:
Options "A) no interest loan, B) adjustable-rate loan, C) Convertible loan, D) Hard money Loan"
Hard money loan is a way to raise money quickly, usually taken out for a short time but at a higher cost and lower LTV ratio. The terms of hard money loans are often negotiated between the lender and the borrower. This type of loans use the property of the borrower as collateral and does not rely on the creditworthiness of the borrower.
Which of the following best describes a team? A. Two or more people with a shared commitment and collaboration towards a common goal B. Two or more people with a similar skill set working towards the completion of a predetermined goal C. All employees who report to the same supervisor D. A defined unit within a division or department, within an organization E. Two or more people with a common goal
Answer:
A. Two or more people with a shared commitment and collaboration towards a common goal
Explanation:
A team can be defined as a group of people or set of individuals with various skill set, knowledge and experience coming together to work on a project or task in order to successfully achieve a set goal and objective. This ultimately implies that, a team comprises of individuals, workers or employees having complementary skills, knowledge and experience needed to execute a project or task successfully. Therefore, workers working as a team usually interact with the other team members and as a result, this enhances performance and strengthen the level of relationship they share.
Hence, the statement which best describes a team is, two or more people with a shared commitment and collaboration towards a common goal.
Additionally, one of the advantages of working as a team is that the team members get to know each other better in the course of brainstorming, interaction and sharing of ideas.
Brainstorming is a creativity and problem-solving technique adopted by individuals or group of people by spontaneously gathering ideas through intensive thinking.
At the beginning of the year, Rocket Racer Company's liabilities equal $149,000. During the year, assets increase by $35,000, and at year-end assets equal $215,000. Liabilities decreased $50,000 during the year. What are the beginning and ending amounts of Stockholders’ Equity? Group of answer choices
Answer:
Beginning Equity is $31,000
Ending Equity is $116,000
Explanation:
First, we need to determine the available value
Beginning company's liabilities = $149,000
Ending Company's Asset = $215,000
Increase in Asset during the year = $35,000
Decrease in liabilities during the year = $50,000
Now we need to determine the beginning Assets value
Ending Company's Asset = Beginning company's Assets + Increase in Asset during the year
$215,000 = Beginning company's Assets + $35,000
Beginning company's Assets = $215,000 - $35,000
Beginning company's Assets = $180,000
Now calculate the beginning equity of the company
Beginning Equity = Beginning company's Assets - Beginning company's Liabilities = $180,000 - $149,000 = $31,000
Now calculate the ending comapnies liabilities
Ennding comapnies liabilities = Beginning company's Liabilities - Decrease in liabilities during the year = $149,000 - $50,000 = $99,000
Now calculate the ending equity of the company
Ending Equity = Ending Company's Asset - Ennding comapnies liabilities = $215,000 - $99,000 = $116,000
All of the following are weaknesses of the payback period: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) check all that apply it uses cash flows, not income,unanswered it is easy to use.unanswered it ignores all cash flows after the payback period.unanswered it ignores the time value of money.
Answer:
it ignores all cash flows after the payback period.
it ignores the time value of money.
Explanation:
Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows
example of the payback method.
10,000 is invested in a project. The cash flows in year 1 is 10,000. The cash flow in year 2 and 3 is 5000.
The payback period is 1 year because 10,000 is recovered in the first year.
The cash flows in year 2 and 3 are ignored in this calculation.
The payback method using cash flows and not income is an advantage.
The payback method ignores the time value of money but the discounted cash flow method doesn't
What is policy vacuum? Why is it difficult to fill policy vacuums?
Answer:
A policy vacuums is said to exist when there is no sufficiently standard policy to govern a given situation
Explanation:
filling policy vacuums is not a simple process of applying known lows and principles to entities that can be subsumed under them ... to fill policy vacuums created by computer and information technology with traditional norms may prevent the creation of new ways of doing things
Dairy Days Ice Cream sells ice cream cones for $4 per customer. Variable costs are $3 per cone. Fixed costs are $2,500 per month. What is Dairy Days' contribution margin ratio
Answer:
0.25 or 25 %
Explanation:
Contribution Margin ratio is defined as contribution expressed as a percentage or decimal of the sales revenue.
Where
Contribution = Sales - Variable Cost
= $4 - $3
= $ 1
Therefore,
Contribution Margin ratio = Contribution ÷ Sales
= ($4 - $3) ÷ $3
= 0.25 or 25 %
6. Last month seven homes sold in the 91106 zip code and the median home price was $725,000. Did a home actually sell for $725,000
Answer:
Yes
Explanation:
As we know that the median is the middle value so there is 7 months
Now the mid value would be
= (7 + 1) ÷ 2
= 8 ÷ 2
= 4th home
Also the median would be the actual price of the house
So in the given case, the home would be actually sell for the $725,000
Hence, the given statement is true
Luther Corporation Consolidated Income Statement Year ended December 31 (in $ millions) 2009 2008 Total sales 610.1 578.3 Cost of sales (500.2) (481.9) Gross profit 109.9 96.4 Selling, general, and administrative expenses (40.5) (39.0) Research and development (24.6) (22.8) Depreciation and amortization (3.6) (3.3) Operating income 41.2 31.3 Other income --- --- Earnings before interest and taxes (EBIT) 41.2 31.3 Interest income (expense) (25.1) (15.8) Pre-tax income 16.1 15.5 Taxes (5.5) (5.3) Net income 10.6 10.2 Price per share $16 $15 Shares outstanding (millions) 10.2 8.0 Stock options outstanding (millions) 0.3 0.2 Stockholders' Equity 126.6 63.6 Total Liabilities and Stockholders' Equity 533.1 386.7 Luther's Operating Margin for the year ending December 31, 2008 is closest to:
Answer:
the operating margin for the year ended is 5.4%
Explanation:
The computation of the operating margin for the year ended is shown below;
Operating Margin = Operating Income ÷ Sales
= $31.3 / $578.3
= 5.4%
By dividing the operating income or earning before interest and taxes from the sales we can get the operating margin
hence, the operating margin for the year ended is 5.4%
can frictional unemployment by itself explain the fact that the late 2010s saw more job openings than unemployed workers
Answer:
Frictional unemployment cannot by itself explain the fact that the late 2010s saw more job openings than unemployed workers.
Instead, frictional unemployment points to the fact that some people are unemployed because they are just entering the labor market for the first time after a long period of absence.
Explanation:
As a part of natural unemployment, frictional unemployment arises when workers search for new jobs or transition from one job to another. During economic recession, there is no increase in frictional unemployment. Typical examples of frictional unemployment are caused by graduating students who join the labor force and are unemployed until they find work and parents who rejoin the workforce after taking sometime to stay at home and raise their children.
A rise in the price of Pepsi that causes a household to shift its purchasing pattern toward Coke and away from Pepsi is the ________ effect of a price change. A) income B) substitution
Answer:Substitution ---B
Explanation:
When goods are closely related together such that they both give similar purpose , they are called Substitute goods.
Therefore when any of the substitute goods prices rises, Consumers will go for the cheaper alternatives which will provide more value for thier money.
Here, the rise in the price of Pepsi caused consumers to shift to a cheaper alternative which is Coke. Other substitute goods that can have the Substitution effect include beef and chicken, butter and margarine etc
Firms are organizations that A) take advantage of the public. B) transform resources into products. C) transform outputs into inputs. D) demand consumer outputs
Answer:
B
Explanation:
A firm is an organisation that is created to make profit. They transform resources into products
They include :
corporations limited liabilitiespartnershipsDescribe a decision that you or your company made that involved opportunity costs that should have been considered. Why did your company make the decision
Answer:
Explanation:
My E-Commerce business has two main decision-makers. As a team, we had a budget of $1000 USD which we decided to use on marketing. We ultimately decided on placing banner ads on 2 popular sites that matched our products. Doing this we missed out on other opportunity costs such as adding another product line and marketing sample products to popular influencers. Both of which should have been considered because they could have just as easily brought as many or even more customers than having placed the ads.
The percentage of accounts receivable method multiplies the current accounts receivable balance by the estimated uncollectible percentage to arrive at ________.
Answer: Adjusted allowance for bad debts
Explanation:
The Percentage of Accounts receivable method estimates the allowance for bad debt in a period by multiplying the current receivable balance by an uncollectible percentage which is estimated by the business based on its history with bad debts.
This allowance is then posted to the Allowance for doubtful debt accounts and removed from the Accounts receivable.
When are winner-take-all markets good for consumers?
Chilly Company is considering investing $110,000 in a new refrigerator, designed to keep food extra crispy. The refrigerator will have a useful life of 10 years, a salvage value of $10,000, and is expected to generate an annual after tax net income of $15,000 in each year of its useful life. Chilly will use the straight-line method of depreciation. What is the accounting rate of return
Answer:
25%
Explanation:
depreciation expense per year = ($110,000 - $10,000) / 10 = $10,000
average annual investment = $60,000 (carrying value after the end of year 5 or half the life of the project)
average net profit per year = $15,000
accounting rate of return = average net profit per year / average investment = $15,000 / $60,000 = 0.25 = 25%
Indirect labor includes: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) check all that apply labor of employees working directly on the product.unanswered labor of the maintenance employees.unanswered labor of the clerical staff.
Answer:
labor of the maintenance employees
labor of the clerical staff.
Explanation:
As we know that the labor cost would be classified into two cost i.e.
1. Direct labor cost where the cost is directly include in the production process like payment made to assembly worker
2. The indirect labor cost where the cost is not directly include in the production process like salaries made to admin staff
So the above represents the answer
BE6.10 (LO 4) Henry Quincy wants to withdraw $30,000 each year for 10 years from a fund that earns 8% interest. How much must he invest today if the first withdrawal is at year-end
Answer:
$201,302
Explanation:
Calculation for How much must he invest today if the first withdrawal is at year-end
First step is to calculate (FVF-OAn,i) using financial calculation
R = 30,000
n = 10
i = 8%
(FVF-OAn,i)=(6.71008)
Now let calculate the amount to be Invested today using this formula
Investment today = R (FVF-OAn,i)
Let plug in the formula
Investment today= 30,000 (6.71008)
Investment today = $201,302
Therefore the amount he must invest today if the first withdrawal is at year-end is $201,302
Beth and Bob Martin have total take-home pay of $5,000 a month. Their monthly expenses total $4,360. Calculate the minimum amount this couple needs to establish an emergency fund.
Answer:
the minimum amount that required to create an emergency fund is $13,080
Explanation:
The computation of the minimum amount that required to create an emergency fund is as follows:
= Monthly expenses × minimum months
= $4,360 × 3 months
= $13,080
hence, the minimum amount that required to create an emergency fund is $13,080
The same is relevant and considered too
g A bank offers to lend you for 1 year on a loan contract that calls for you to make interest payments of at the end of each month and then pay off the principal amount at the end of the year. What is the effective annual rate on the loan
Answer: 12.68%
Explanation:
First find the nominal interest rate per month:
= Interest payment/Loan
= 100/ 10,000
= 1%
Effective annual rate is:
= (1 + Interest rate per quarter)^no. of compounding periods - 1
= (1 + 1%)¹² - 1
= 12.68%
Describe how each of the following would affect the U.S. production possibilities frontier: (a) an increase in the number of illegal immigrants entering the country, (b) a war that takes place on U.S. soil, (c) the discovery of a new oil field, (d) a decrease in the unemployment rate, and (e) a law that requires individuals to enter lines of work for which they are not suited.
Answer:
A. The production possibilities frontier would shift outward. As a result of the increase in the number of illegal immigrants entering the country, there would be more labour available. As a result, production would increase shifting the PPC outward.
B. The production possibilities frontier would shift inward. A war would lead to the diversion of resources to the war. Also, production facilities might be destroyed as a result of the war. This would lead to an inward shift of the PPC
C. The production possibilities frontier would shift outward. The discovery would increase the resources that can be used in production. This would lead to an outward shift of the PPC
D. The production possibilities frontier would not change. This is because production was below the PPC as a result of unemployment. The decrease in unemployment will increase production back to a level on the PPC
E. production would take place at a point inside the production possibility frontier. This law would lead to an under-utilization of resources. This would lead to production taking place at a point inside the PPC
Explanation:
The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised
The Big Black Bird Company (BBBC) has a large order for special plastic-lined military uniforms to be used in an urgent military operation. Working the normal two shifts of 40hours each per week, the BBBC production process usually produces 2 comma 600uniforms per week at a standard cost of $125each. 72 employees work the first shift and 32the second. The contract price is $240per uniform. Because of the urgent need, BBBC is authorized to use around-the-clock production six days per week. When each of the two shifts works 72hours per week, production increases to 3 comma 800 uniforms per week but at a cost of $152 each.
a. Did the multifactor productivity ratio increase, decrease or remain the same? If it changed, by what percentage did it change?
b. Did the labor productivity ratio increase decrease or remain the same? If it changed, by what percentage did it change?
c. Did weekly profits increase decrease, or remain the same?
Answer:
first we must calculate the original value of the goods produced = $240 x 2,600 = $624,000
original cost = $125 x 2,600 = $325,000
original amount of labor used = (72 + 32) x 40 = 4,160 hours
value of goods after change = 3,800 x $240 = $912,000
cost after change = 3,800 x $152 = $577,600
labor used after change = (72 + 32) x 72 = 7,488 hours
a) original multifactor productivity = $624,000 / $325,000 = $1.92 per dollar spent
multifactor productivity after change = $912,000 / $577,600 = $1.58 per dollar spent
multifactor productivity decreased by 17.71%
b) original labor productivity = $624,000 / 4,160 hours = $150 per labor hour
labor productivity after change = $912,000 / 7,488 hours = $121.79 per labor hour
labor productivity decreased by 18.81%
c) change in weekly profits = ($912,000 - $577,600) - ($624,000 - $325,000 = $35,400 increase
I know that Stephen has a lot of money. His parents drive Mercedes. His dogs wear cashmere sweaters, and he paid cash for his Hummer. The conclusion of the argument is ____________
Answer: I know that Stephen has a lot of money.
Explanation:
The whole point of the reasoning behind this thought by the speaker was to prove that Stephen had a lot of money.
This is why the speaker explained why they believed that Stephen had a lot of money. They talked about the car his parents drove, the cashmere sweaters his dogs wear and his use of cash to pay for his Hummer all to come to the conclusion that Stephen has a lot of money.
Prior to the launch of its financial service, Mint made extensive use of ______ which helped search engines view this business as a credible authority for personal financial topics
Answer:
Blogs
Explanation:
Blogs are information websites that provides relevant information for a target group in a diary style arranged according to date.
The most recent posts appear first in the website.
Mint has used blogs to provide relevant information to users.
Search engines analyse the contents of websites to determine of they are relevant sources of information.
Mint's blogs have help search engines identify the company as a relevant source of personal financial topics
Carmen Company has an asset that cost $5,000 and currently has accumulated depreciation of $2,000. Suppose the firm sold the asset for $2,500 and is subject to a 30% income tax rate. The loss on disposal would be: $500. $350. $2,500. None, because the transaction produced a gain. $650.
Answer:
The loss on disposal would be: $500
Explanation:
The computation is shown below;
= Cost of the asset - accumulate depreciation - sale value
= $5,000 - $2,000 - $2,500
= $500
This $500 represent the short term capital loss
So the $500 would be loss on disposal
Hence, the first option is correct
And, the same is relevant
Distinguish between a plant, a firm, and an industry. Con- trast a vertically integrated firm, a horizontally integrated firm, and a conglomerate. Cite an example of a horizontally integrated firm from which you have recently made a purchase.
Answer: A plant is a subsection of a firm and a firm is subsection of an industry, an industry is a collection of similar or diverse kind of firms
Explanation:
Plant - is an institution that performs more than one function relating to the production of goods and services
Firm - is an organization that uses diverse resources for the production of goods and services to earn a profit. They operate more than one plant
Industry - is a collection of firms that in into similar or diverse kind of goods and services.
On December 31, 2020, Patel Company purchased debt securities as trading securities. Pertinent data are as follows: Security Cost Fair Value at 12/31/21 A $132,000 $119,000 B 172,000 186,000 C 288,000 263,000 On December 31, 2021, Patel transferred its investment in security C from trading to available-for-sale because Patel intends to retain security C as a long-term investment. What total amount of gain or loss on its securities should be included in Patel's income statement for the year ended December 31, 2021
Answer:
the loss on the securities that should be included in the income statement is -$24,000
Explanation:
The computation of the total amount or gain or loss that included in the income statement is shown below;
Security Fair value cost Gain or loss
A $119,000 $132,000 ($13,000)
B $186,000 $172,000 $14,000
C $263,000 $288,000 ($25,000)
Net loss ($24,000)
Hence, the loss on the securities that should be included in the income statement is -$24,000
The total amount of loss that will be included in Patel's income statement for the year ended Dec 31st 2021 will be $24000. This loss will be transferred to the P and L accounts of Patel.
Patel has incurred this loss on trading of investments like A, B and C as the differences between the cost of purchase and realizable value is in a deficit of total $24000 after calculations.
Patel Co. standings on investments in A stood as 132000 cost price and realizable value of 119000 which leads to a loss of 13000 on investments realized after sale. So, A equals to (13000)Whereas there is a gain of 14000 on investments in B as the cost of purchase was 172000 and realized value was 186000 after the sale of investments in B. So, B equals 14000.However, investments in C had a variably higher losses as the cost of purchase of C was 288000 and it was realizable at a value of 263000 leading to loss of 25000. So, C equals to (25000).
Hence after adding the values of A+B+C i.e., (-13000)+ 14000 + (-25000) we can conclude that the total loss on sale of securities to be included in Patel Co. will be $24000.
To know more about investments in securities, please click the link below.
https://brainly.com/question/8346590
when investors doubt the creditworthiness of a borrower, what should happen to the price and yield of a bond
Answer:
Prices go down, yield go up
Explanation:
As we know that there is an opposite relationship between the price of the bond and the yield that means if the creditworthiness comes in a doubt so it reduced the price of the bond and at the same time it increased the yield
So as per the given situation as the investor doubt the borrower creditworthiness so the price would fall and yield would go up
hence, the same is to be considered
Manufacturing overhead was applied to production at 60 percent of the direct labor cost of $10,000. The entry under perpetual inventory procedure is
Answer:
Dr Work in Process Inventory for $6,000
Cr Manufacturing $6,000
Explanation:
Preparation of The journal entry under perpetual inventory procedure
Based on the information given if the Manufacturing overhead was applied to production at 60% of the direct labor cost of the amount of $10,000 which means that The journal entry under perpetual inventory procedure is :
Dr. Work in Process Inventory for $6,000
Cr Manufacturing $6,000
(60%*$10,000)
Which of the following statements best describes the difference between net income and gross profit?
a. Gross profit considers operating expenses while net income does not
b. Net income considers operating expenses while gross profit does not.
C.Gross profit deducts taxes while net income does not
d. Net income deducts taxes while gross profit does not.
Answer:
Option B
Explanation:
Gross profit is only gotten after subtracting cost of goods and distribution while net income is a company's profits after deducting all its expenses from revenue
Most professional organizations in the accessory design field are defined by:
ОА.
the region of the United States where the accessories are popular.
OB.
those that work with minerals and those that do not.
C.
how long one has been in the accessory design business.
OD
the type of accessory made.
Answer:
the type of accessory made
Explanation:
Accessories, are hard to hard produce. This difficulties exist in product that relied a lot on its artistic sense to determine their value.
Because of this, a lot of professional organizations in the accessory designed field relied a lot on brand awareness of the consumers to increase the value of their product in the market.
By focusing on one specific type of accessory, a company can associate the name of their brand with that specific type of items. This will create a niche segmentation in the consumers' head that make them remember the company every time they felt that they're seeking for that one specific type of accessory.
In a market economy, why must the government play a primary role in dealing with pollution, vaccinations, and medical research
Answer:
Explanation:
The government needs to be on top of these situations because each of these factors plays a huge role in the wellness and size of a population. A market economy needs a certain healthy and large population in order to function correctly. The population needs to produce the products and services while at the same time purchasing those products and services from one another in order for the market cycle to function. If such factors as disease and pollution make people sick it will severely cripple the market economy.