a. The cost of supplies used during the month is $3400 and it is reported as an expense on the Income Statement.
b. The ending balance of supplies is reported on the Balance Sheet under Current Assets.
c. The adjusting entry to update the Supplies account at the end of the month is: Supplies Expense 3400, Supplies 3400.
The cost of supplies used during the month can be calculated by subtracting the ending balance of supplies from the total supplies available, which gives the amount of supplies used during the month. In this case, the total supplies available is the sum of the beginning balance of supplies and the supplies purchased during the month, which is $500 + $400 = $900. Therefore, the cost of supplies used during the month is $900 - $5600 = $3400. This amount is reported as an expense on the Income Statement.
The ending balance of supplies is reported on the Balance Sheet under Current Assets. It represents the amount of supplies that are still available at the end of the month and have not been used.
The adjusting entry to update the Supplies account at the end of the month is made to reflect the cost of supplies used during the month. This is done by debiting Supplies Expense for the cost of supplies used during the month, which reduces the balance of the Supplies account, and crediting Supplies for the same amount. This entry ensures that the balance of the Supplies account is accurate and reflects the actual amount of supplies on hand at the end of the month.
Know more about Balance Sheet under Current Assets here:
https://brainly.com/question/32148841
#SPJ11
FoxFirst Consulting recently installed networking gear and virtual servers for a client and is
responsible for managing the environment. An Urgent request ticket has come in, and the client is
extremely upset.
The ticket has the following information:
WE ARE DOWN! Nothing is working!!! Some users can’t log in at all, and none of us can access the
servers. No internet (I had to use my phone to contact you). We need support immediately.
• Following Incident Management Activities discussed in previous slides, outline the
steps you would take after reading this ticket.
• What is your plan of action?
Hint: You do not need to know about Networking or Virtual Servers for this activity. It is about
Incident Managemen
When faced with an urgent request ticket from a client experiencing severe issues, the following steps can be taken in the incident management process Initiate troubleshooting and resolution, Document the incident, etc.
Acknowledge the ticket: Respond promptly to the client, acknowledging the urgency of the issue and assuring them that their concerns are being addressed.
Gather additional information: Contact the client for more details about the problem. Request specific error messages, impacted systems or users, and any recent changes or events that might have triggered the issue. It is essential to gather as much information as possible to diagnose and resolve the problem effectively.
Prioritize and categorize the incident: Assess the severity and impact of the incident based on the provided information. Categorize the incident according to predefined criteria, such as urgency and impact on business operations. This step helps in determining the appropriate level of response and resource allocation.
Escalate if necessary: If the issue requires immediate attention and cannot be resolved by the initial support team, escalate it to a higher level of support or involve relevant technical experts. This ensures that the incident receives the attention and expertise required for a swift resolution.
Initiate troubleshooting and resolution: Based on the information gathered, begin troubleshooting the issue. Follow established protocols or procedures to identify the root cause of the problem. Utilize available resources, knowledge bases, and expertise within the team to address the incident and restore the services as quickly as possible.
Communicate updates to the client: Maintain regular communication with the client throughout the incident resolution process. Keep them informed about the progress, actions being taken, and estimated time to resolution. Transparency and proactive updates help manage client expectations and reduce frustration.
Resolve the incident: Once the issue has been identified and resolved, confirm with the client that the services have been restored and are functioning as expected. Ensure that all affected systems, applications, and users are back to normal operations.
Document the incident: Record detailed information about the incident, including the steps taken to resolve it, the root cause, and any preventive measures implemented. This documentation serves as a reference for future incidents and helps improve the incident management process.
To learn more about troubleshooting click here
https://brainly.com/question/29736842
#SPJ11
The purpose of ______ is to match supply and demand among the producers and consumers of society as a whole.
The purpose of Microeconomics is to match supply and demand among the producers and consumers of society as a whole.
What is microeconomics?Microeconomics is the study of decisions made by people and businesses regarding the allocation of resources, and prices at which they trade goods and services.
Examples of microeconomics include:
SupplyDemandCompetitionPrices of goodsHence, Microeconomics aims at matching supply and demand among the producers and consumers of society as a whole.
Learn more about microeconomics here : https://brainly.com/question/8648375
4. How do dependent tasks differ from primary tasks?
Answer:
The answer is below
Explanation:
Dependent task is a term used to describe a type of task that is associated with the main or independent task under a particular scope of work. It is usually a sub-task of the whole task that needs to be executed.
On the other hand, a Primary task is a term used to describe a type of task that takes the center stage or the major task with priority. It takes the largest or most resources in its execution.
After 7 years of working for a company that installed underground sprinkler systems for homeowners, terrance was ready to venture into his own business. As he prepared his swot analysis, he evaluated where he stood at this time. He was fortunate to have $120,000 financing to get the business under way. He knew of three skilled installers who were willing and interested to work for him, and he was aware that new construction was at an all-time low, with several residential properties being foreclosed. In reviewing his list, you would categorize these events as.
In reviewing his SWOT analysis, Terrance, who was ready to venture into his own business after working for 7 years as an underground sprinkler installer, has two strengths and one threat.
What is a SWOT analysis?A SWOT analysis is a framework for analyzing a company's competitive position to enable the development of competitive strategies.
A SWOT analysis includes Strengths, Weaknesses, Opportunities, and Threats.
Thus, for Terrance, he has two strengths ($120,000 financing and three skilled installers who were willing and interested in working for him) and one threat (low construction activities) with increasing foreclosures.
Learn more about SWOT analysis at https://brainly.com/question/6954185
_____________are expenses incurred when a customer stops buying a product or service from one business and starts buying it from another.
Answer:
Switching cost
Explanation:
Switching costs are the costs when the consumer paid for switching the brands or products. It can be in terms of effort based, time based, etc
It can employ the high switching cost in order to protect the customers from shifting to the another brand
Therefore the switching cost should be considered
The schedule of cost of goods __________ summarizes the portions of those costs that remain in ending Finished Goods inventory and that are transferred out of Finished Goods into Cost of Goods Sold.
The schedule of cost of goods manufactured summarizes the portions of those costs that remain in ending Finished Goods inventory and that are transferred out of Finished Goods into Cost of Goods Sold.
The schedule of cost of goods manufactured (COGM) is a schedule that demonstrates the total production costs during a given period of time. It includes all costs associated with the production of a specific item, such as direct labor, direct materials, and overhead costs.
The COGM is used to calculate the cost of goods sold and ending inventory. It is also used to determine how much inventory was manufactured during the period. The following is a list of the elements of the COGM schedule:
Direct Materials Beginning inventory of raw materials + Purchases of raw materials = Raw materials available for use – Ending inventory of raw materials = Direct materials used Direct Labor Total labor hours x labor rate = Direct labor costs Manufacturing Overhead Predetermined overhead rate x actual activity = Total manufacturing overhead allocated = Manufacturing overhead applied to work in process
For such more question on manufactured:
https://brainly.com/question/13782497
#SPJ11
businesses with less risk and less complexity are the most wanted candidates for acquisitions.T/F
False.
Businesses with less risk and less complexity are not necessarily the most wanted candidates for acquisitions. The desirability of a business for acquisition depends on various factors, including the strategic goals and objectives of the acquiring company. While some acquirers may prefer businesses with lower risk and complexity, others may seek out opportunities with higher growth potential or those that complement their existing operations.
Acquisitions can be driven by a range of factors such as market expansion, access to new technologies or markets, synergies, competitive advantages, or diversification. The specific characteristics and qualities sought in an acquisition target can vary widely depending on the acquirer's strategic priorities and the industry in which they operate. Therefore, it is not accurate to state that businesses with less risk and complexity are universally the most desired candidates for acquisitions.
To know more about acquisitions refer here
https://brainly.com/question/32032021#
#SPJ11
Select all that apply.
Which of the following questions would you expect to see on an interest inventory?
Would you enjoy playing soccer?
Do you enjoy music?
Do you like science experiments?
Would you enjoy reading a fashion magazine?
i think "do you enjoy music"
Suppose you have been hired as a financial consultant to Defense Electronics, Inc. (DEI), a large, publicly traded firm that is the market share leader in radar detection systems (RDSs). The company is looking at setting up a manufacturing plant overseas to produce a new line of RDSs. This will be a five-year project. The company bought some land three years ago for $4.4 million in anticipation of using it as a toxic dump site for waste chemicals, but it built a piping system to safely discard the chemicals instead. The land was appraised last week for $5.2 million. In five years, the aftertax value of the land will be $5.6 million, but the company expects to keep the land for a future project. The company wants to build its new manufacturing plant on this land; the plant and equipment will cost $31.92 million to build. The following market data on DEI’s securities is current:
Debt:
229,000 7 percent coupon bonds outstanding, 25 years to maturity, selling for 107 percent of par; the bonds have a $1,000 par value each and make semiannual payments.
Common stock:
8,700,000 shares outstanding, selling for $70.90 per share; the beta is 1.3.
Preferred stock:
449,000 shares of 4 percent preferred stock outstanding, selling for $80.90 per share and and having a par value of $100.
Market:
6 percent expected market risk premium; 4 percent risk-free rate.
DEI uses G.M. Wharton as its lead underwriter. Wharton charges DEI spreads of 7 percent on new common stock issues, 5 percent on new preferred stock issues, and 3 percent on new debt issues. Wharton has included all direct and indirect issuance costs (along with its profit) in setting these spreads. Wharton has recommended to DEI that it raise the funds needed to build the plant by issuing new shares of common stock. DEI’s tax rate is 40 percent. The project requires $1,275,000 in initial net working capital investment to get operational. Assume Wharton raises all equity for new projects externally.
a.
Calculate the project’s initial Time 0 cash flow, taking into account all side effects. Assume that the net working capital will not require flotation costs. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).)
Cash flow $
b.
The new RDS project is somewhat riskier than a typical project for DEI, primarily because the plant is being located overseas. Management has told you to use an adjustment factor of 1 percent to account for this increased riskiness. Calculate the appropriate discount rate to use when evaluating DEI’s project. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)
Discount rate
%
c.
The manufacturing plant has an eight-year tax life, and DEI uses straight-line depreciation. At the end of the project (that is, the end of Year 5), the plant and equipment can be scrapped for $4.4 million. What is the aftertax salvage value of this plant and equipment? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).)
Aftertax salvage value $
d.
The company will incur $6,700,000 in annual fixed costs. The plan is to manufacture 16,500 RDSs per year and sell them at $10,750 per machine; the variable production costs are $9,350 per RDS. What is the annual operating cash flow (OCF) from this project? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).)
Operating cash flow $
e.
DEI’s comptroller is primarily interested in the impact of DEI’s investments on the bottom line of reported accounting statements. What will you tell her is the accounting break-even quantity of RDSs sold for this project? (Do not round intermediate calculations and round your final answer to the nearest whole number.)
Break-even quantity
units
f.
Finally, DEI’s president wants you to throw all your calculations, assumptions, and everything else into the report for the chief financial officer; all he wants to know is what the RDS project’s internal rate of return (IRR) and net present value (NPV) are. Assume that the net working capital will not require flotation costs. (Enter your NPV answer in dollars, not millions of dollars (e.g., 1,234,567). Enter your IRR answer as a percent. Do not round intermediate calculations and round your final answers to 2 decimal places (e.g., 32.16).)
IRR
%
NPV $
A.the initial time 0 cash flow is $28,805,000. B.the appropriate discount rate is 6.62%. C.the aftertax salvage value of the plant and equipment is $376,000. D.the annual operating cash flow from this project is $13,830,000.
a.
The initial time 0 cash flow is calculated as follows:
Initial investment:
Land cost = $5,200,000
Plant and equipment cost = $31,920,000
Initial net working capital investment = $1,275,000
Total initial investment = $38,395,000
Side effects:
Tax benefit from depreciation = $3,990,000 (calculated as ($31,920,000 - $4,400,000) / 8 * 0.4)
Sale of land at the end of Year 5 = $5,600,000
Total side effects = $9,590,000
Initial time 0 cash flow:
= Total initial investment - Total side effects
= $38,395,000 - $9,590,000
= $28,805,000
Therefore, the initial time 0 cash flow is $28,805,000.
b.
The appropriate discount rate can be calculated using the following formula:
Discount rate = Risk-free rate + Beta × Market risk premium + Risk premium for increased riskiness
Risk premium for increased riskiness = 1% of the market risk premium
Market risk premium = 6% - 4% = 2%
Discount rate = 4% + 1.3 × 2% + 1% × 2%
= 4% + 2.6% + 0.02%
= 6.62%
Therefore, the appropriate discount rate is 6.62%.
c.
The aftertax salvage value of the plant and equipment can be calculated as follows:
Book value of the plant and equipment at the end of Year 5:
= Initial cost - (Annual depreciation × Number of years)
= $31,920,000 - ($31,920,000 / 8 × 5)
= $15,960,000
Tax on sale:
= (Sale price - Book value) × Tax rate
= ($4,400,000 - $15,960,000) × 40%
= -$4,024,000 (negative because it is a tax benefit)
Aftertax salvage value:
= Sale price + Tax on sale
= $4,400,000 - $4,024,000
= $376,000
Therefore, the aftertax salvage value of the plant and equipment is $376,000.
d.
The annual operating cash flow can be calculated as follows:
Revenue:
= Quantity sold × Selling price
= 16,500 × $10,750
= $177,375,000
Variable costs:
= Quantity sold × Variable cost per unit
= 16,500 × $9,350
= $154,275,000
Fixed costs = $6,700,000
Earnings before interest and taxes (EBIT):
= Revenue - Variable costs - Fixed costs
= $177,375,000 - $154,275,000 - $6,700,000
= $16,400,000
Tax:
= EBIT × Tax rate
= $16,400,000 × 40%
= $6,560,000
Net income:
= EBIT - Tax
= $16,400,000 - $6,560,000
= $9,840,000
Depreciation:
= Plant and equipment cost / Number of years
= $31,920,000 / 8
= $3,990,000
Operating cash flow:
= Net income + Depreciation
= $9,840,000 + $3,990,000
= $13,830,000
Therefore, the annual operating cash flow from this project is $13,830,000.
Learn more about discount rate here:
#SPJ11
importance of Technical profession
Answer:
The technical profession has always been important as it has replaced the society from nomadic to the modern era. ... The facilities of medicines, surgical works, communication, computer technology, transportation system, etc are the result of technical professions.
what your name answer in 1 minute
Answer:
Adrean :)
Explanation:
eugh
Which of the following is not a step in the marketing research process?
O a. Estimate sales
O b. Interpret the information
O c. Make a preliminary investigation
O d. Gather factual information
The correct answer is option (a) Estimate sales.
The practice of assessing the viability of a new good or service through interviews with prospective customers is known as market research. With the aid of this technique, businesses and organizations may identify their target market, gather and record customer feedback, and arrive at well-informed conclusions.
In a marketing research process, it includes only the steps involving the study of the market and interpreting information based on that.
In the given question, a market research process always includes the steps like gathering factual information, making a preliminary investigation and interpreting the information that was achieved through the market study. But, in a market research process, there is no work of sale estimation. Sales estimation is an end process and marketing research is a beginning process. Sales value may fluctuate and to derive a correct sales estimation, there needs to be a proper marketing research.
Therefore, estimating sales is not a part of a marketing process, hence, option (a) is the correct answer for this question.
Learn more about Market Research here: https://brainly.com/question/24906199
#SPJ9
52. The greatest advantage of using a credit card is that it provides
A. An easy way to establish a personal credit history.
B. An easy way to avoid going into debt.
C. A less expensive way to pay for college.
D. A safe way to improve one's credit score.
The greatest advantage of using a credit card is that it provides a safe way to improve one's credit score. Option D
What is a credit card score?A credit score is a three-digit figure that lenders use to determine how hazardous lending money to someone is. A good credit score indicates that a person is a low-risk borrower, which may result in cheaper loan interest rates in the future.
A poor credit score indicates a high-risk borrower, which may result in higher interest rates and less favorable loan terms.
Learn more about credit card at https://brainly.com/question/26867415
#SPJ1
Theoretically, a company comparing multiple projects with similar investment requirements and durations would select projects with __________.
A.)
the IRR that is closest to zero
B.)
a negative IRR
C.)
the lowest IRR
D.)
the highest IRR
Theoretically, a company comparing multiple projects with similar investment requirements and durations would select projects with the highest IRR.
IRR or Internal Rate of Return is a financial metric that measures the profitability of an investment by calculating the rate at which the investment will break even. In other words, it is the rate at which the net present value of cash inflows equals the net present value of cash outflows.
A higher IRR indicates a higher return on investment and therefore, projects with higher IRRs would be preferred by companies. However, it is important to note that IRR should not be the only factor considered in the decision-making process, and other factors such as risk, market conditions, and strategic alignment should also be taken into account.
To know more about investment,refer to the link:
https://brainly.com/question/15353704#
#SPJ11
you are on a busy road. what is the first thing you must do to better manage your space?
Mention any there objectives of Accounting
Answer:
objectives of accounting in any business are:-
systematically record transactions sort and analysing them, prepare financial statements position, and aid in decision making with financial data and information about the business.
hope it is helpful....
Which statement best describes the current price for the good shown in this
Answer:
The Current price will result in a low supply for the good.
Explanation:
what annual interest rate would you need to earn if you wanted a 2175 per month contribution starting 1 month from toda
Assuming a fixed period of 10 years, the annual interest rate required to earn a $2175 monthly contribution starting one month from today is approximately 6.98%.
To determine the annual interest rate required to earn a $2175 monthly contribution starting one month from today, we need more information about the duration of the contributions and the compounding frequency.
Assuming that the contributions will continue for a fixed period and are compounded monthly, we can use the formula for the present value of an annuity to solve for the interest rate:
PV = PMT x [(1 - (1 + r/12)^(-n)) / (r/12)]
Where PV is the present value of the annuity, PMT is the monthly contribution, r is the interest rate (in decimal form), and n is the number of months.
Substituting the given values, we have:
PV = $2,175 x [(1 - (1 + r/12)^(-12)) / (r/12)]
Solving for r, we can use trial and error or an iterative method to find the interest rate that makes the present value of the annuity equal to zero.
Assuming a fixed period of 10 years, the annual interest rate required to earn a $2175 monthly contribution starting one month from today is approximately 6.98% (rounded to two decimal places). However, the exact interest rate required would depend on the duration of the contributions and the compounding frequency.
Learn more about the interest rate :
brainly.com/question/30573341
#SPJ4
Good evening! Did you eat today? Did you drink water today? Did you get outside for some fresh air or even anytime to chill? Did you make sure you are healthy? If you answer no to any of these questions.. please get some to food, water, fresh air or even time to chill. Please take care of yourself! Bye! :)
Answer:
I ate an egg sandwich. I drank some water. I went outside for a short walk.
Explanation:
Thanks for asking :)
Marlo publishes a book titled no equals, which includes a chapter from paige’s copyrighted book olympic champions. Marlo’s use of the chapter is actionable provided that.
If Marlo uses the chapter without Paige's consent, there will be legal consequences.
Marlo publishes a book titled no equals, which includes a chapter from Paige’s copyrighted book Olympic Champions.
Marlo's use of the chapter is actionable provided that the use is without Paige's permission. According to the United States Copyright Law, copyright owners have the exclusive right to authorize or prohibit the use of their work. This right enables the owner of the copyright to control how their work is used, reproduced, or displayed. In this case, Marlo has used a chapter from Paige’s copyrighted book Olympic Champions without her permission.
Such use is referred to as copyright infringement, which is actionable. It is therefore essential for Marlo to seek Paige's consent and request permission to use the copyrighted chapter. This way, Marlo will be able to use the chapter lawfully while respecting Paige's rights and ownership to her work.
Failure to seek permission may result in legal action against Marlo. Therefore, it is crucial for authors to seek permission before using any work that is copyrighted.
Learn more about Olympic Champions Here.
https://brainly.com/question/31032366
#SPJ11
Marcus started the brainstorming process by jotting down some ideas. What is his next step?
Redo the brainstorming process.
Find the first solution.
Organize his ideas into categories.
Create a list of pros and cons.
Answer:
Organize his ideas into categories.
Explanation:
I just did it ;)
Marcus started the brainstorming process by jotting down some ideas and his next step is organizing his ideas into categories. The correct option is c.
What is the brainstorming process?Brainstorming is a method of generating ideas and sharing knowledge to solve a particular commercial or technical problem, in which participants are encouraged to think without interruption.
Brainstorming is a group activity where each participant shares their ideas as soon as they come to mind. After the session, ideas are categorised and ranked for follow-on action. When planning a brainstorming session it is important to define clearly the topic to be addressed. A topic which is too specific can constrict thinking, while an ill-defined topic will not generate enough directly applicable ideas. The composition of the brainstorming group is important too.
It should include people linked directly with the subject as well as those who can contribute novel and unexpected ideas.
Learn more about brainstorming, here:
https://brainly.com/question/26684333
#SPJ6
THESE ANSWQERS I AM ASKING RE ALL CORRECT., THESE ARE FOR YOU
The steps in an indirect message include which of these? *
4/4
The buffer
The apology
The Rationale
A good will attempt
The bad news
In an indirect message, the actual bad news should be given in which paragraph? *
1/1
First
Second
Third
Fourth
Make sure your entire message is as negative as possible so you don't give the person receiving the message mixed signals. *
1/1
True
False
When providing reasons for the bad news, which of the following are things you need to consider? *
2/2
What date will you deliver the bad news?
Who is the message intended for?
How severe is the message?
Will giving the bad news cause problems for you?
When giving an explanation for the bad news, which of these are things should you NOT do? *
1/1
Explain company policy
Be as vague as possible
Give the complete explanation before the bad news, don't split it.
Be clear and logical
Severe or life-changing bad news should be given face-to-face. *
1/1
True
False
Which of the following is the best wording to use in a bad news message? *
1/1
We regret that the beds have failed and will be discontinued and recalled but we will not be taking the beds back or replacing the beds.
The beds have been discontinued and recalled but there will be no returns accepted or replacements offered.
Unfortunately, the beds will be discontinued and recalled with no refunds, returns or replacements offered.
The beds have been discontinued and recalled and we are unable to offer refunds, returns or replacements.
Offering a coupon or some other alternative might help cushion bad news for customers and keep good will for the company. *
1/1
True
False
Repeat the bad news in your closing to be sure the message was received. *
1/1
True
False
In giving the bad news, make sure you mention all the impacts to the company. *
1/1
True
False
If there are benefits to the reader/receiver of the bad news message, mestion them but do NOT make any up. *
1/1
True
False
Answer:
number 1
The buffer The Rationale, A good will attempt, and the bad news.
Number 2= Second
Number 3= False
Number 4= Who is the message intended for and How severe is the message
Number 5= Be as vague as possible
Number 6= True
Number 7= The Beds have been discounted and recalled but there will be no returns accepted or replacements OFFERED
Number 8= True
Number 9= False
Number 10= False
Number 11=True
Explanation:
What is one major function of retail banks?
A. Keeping all deposits in reserve at all times
B. Offering loans that use car titles as collateral
C. Providing credit and debit cards to customers
D. Managing the payroll of major corporations
SUBMIT
Answer:
The role of retail banking is to help individual consumers manage their money, gain access to credit, and deposit their money in a secure way.
Explanation:
Providing credit and debit cards to customers is a major function of retail banks. Hence, the correct answer is option C.
What are retail banks?Retail banks are financial institutions that provide banking services to individuals and small businesses. These services include deposit accounts, such as savings and checking accounts, as well as loans, mortgages, credit and debit cards, and other financial products.
Providing credit and debit cards to customers is a major function of retail banks because it allows customers to make purchases without the need for cash and helps facilitate online and mobile payments. Credit and debit cards also generate revenue for retail banks through fees and interest charged on balances, making them an important source of income for banks.
Hence, providing credit and debit cards to customers is a major function of retail banks. Therefore, the correct answer is option C.
Learn more about retail banks, here:
https://brainly.com/question/29797792
#SPJ5
robert obtained a $350,000 interest-only loan at a 4.5% interest rate. how much will robert pay in interest each year?
Robert will pay $15,750 in interest each year ($350,000 * 0.045).
Robert will pay $15,750 in interest each year on his $350,000 interest-only loan.
To calculate the annual interest payment, we multiply the loan amount by the interest rate. In this case, the loan amount is $350,000 and the interest rate is 4.5% (or 0.045 as a decimal).
Therefore, the calculation is $350,000 * 0.045 = $15,750. This means that Robert will need to make interest payments of $15,750 per year to the lender. It's important to note that with an interest-only loan, the borrower is only required to pay the interest portion for a specified period, typically a few years.
After the interest-only period ends, the borrower may be required to start making principal payments as well.
To learn more about “loans” refer to the https://brainly.com/question/20688650
#SPJ11
If your lifestyle budget is fifty thousand dollars a year, selecting a career earning seventy-five thousand dollars a year will most likely allow you to meet your lifestyle budget
Answer:
True
Explanation:
If one budgets to spend 50 thousand per year for the kind of lifestyle he wishes for then estimating a higher amount than the projected amount or budget for his lifestyle would enable him comfortably live this lifestyle. This is because his budgeted amount-50k might not be exactly the amount or may increase as a result of inflation and so making provisions for any errors by looking for pay which adds 20k to his annual earnings would be very much needed to reach his lifestyle expenses
QUESTION 15 One of the benefits of downsizing is: higher customer satisfaction. improved efficiency. a more loyal and productive workforce. that it is a recruiting edge.
suppose that nominal gdp is $1000 in 2006 and nominal gdp is $1500 in 2007. if the overall price level between 2006 and 2007, we could say that real gdp . a increased by 50%; increased. b increased by less than 50%; decreased. c increased by 50%; stayed constant. d increased by more than 50%; increased. e increased by more than 50%; stayed constant.
If the overall price level increased by 50% between 2006 and 2007, we could say that real GDP stayed constant. The correct option is c.
What is GDP?GDP is a monetary measure of the market value of all the final goods and services produced and sold in a specific period by countries. Due to its complex and subjective nature, this measure is often revised before being considered a reliable indicator. GDP per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful when comparing living standards between nations.
While nominal GDP is more useful comparing national economies on the international market.
Learn more about GDP, here:
https://brainly.com/question/15682765
#SPJ1
Yair explains to an attorney that he wants some of his assets to be released to his grandson when his grandson turns 18 years old. What should the attorney do next?
A. Write a will
B. Release the assets
C. Create a trust
D. Name an executor
Answer: create a trust
Explanation:
I took the quiz
The attorney should do next as asked by Yair to create a trust in the name of his grand son.
Option C is correct.
What is a trust?A trust is a lawful act where the owner allowed his/her related party to get the benefits and rights acquired by the owner.
According to the situation, the attorney has to create a trust in the name of Yair. He gives the permit of his assets and properties to his grand son when he attains the age of 18 years old.
Therefore, the correct option is option C.
Learn more about the trust in the related link:
https://brainly.com/question/14298825
#SPJ5
What does the federal gov spend the most on?
The U.S. government has spent $406.37 billion in fiscal year 2023 to ensure the well-being of the people of the United States.
The federal government burns through cash on different products, projects, and administrations to help the American public and pay revenue caused from acquiring. In monetary year (FY) 2022, the public authority burned through $6.27 trillion, which was more than it gathered (income), bringing about a shortage.
Federal Government most expenditure is on -
Government DebtSocial SecurityMedicareOther Health CareNational DefenseVeterans BenefitsSafety Net ProgramsEducationInfrastructureSalaries and WagesKnow more about Federal Govt Monetary Policy - https://brainly.com/question/11771627
#SPJ4
Suppose you work for a bank and are responsible for determining whether you should give someone credit. Create a list of the top three questions you would
ask prospective borrowers and post them to the discussion board. Make sure to explain why you think these three questions are important in determining
whether or not a potential customer is a good credit risk.
Answer:
-How much money do you need?
-How much income do you make?
-How much debt do you have?
Explanation:
The top three questions that I would ask prospective borrowers are:
-How much money do you need?
This question allows the lender to know the amount of money the borrower requires and this is crucial to make an evaluation with the income and debts to determine if the lender would approve the loan. For example, a borrower may need an amount that he can easily pay back with his salary.
-How much income do you make?
This question is important to the lender because it allows to find out if the borrower's income would allow him/her to make the monthly payments which decreases the risk.
-How much debt do you have?
It is important to know the amount of debt the borrower has because the higher amount of debt he/she has, it would be harder to pay the loan and evaluating this allows to decrease the risk of the borrower not paying back.