gracie, an inventor, has tools in her workshop, including hammers, a table saw, and drills. she has a patent on her most recent invention, a kitchen gas grill. she licenses the patent to home appliances, inc., a company in which she owns stock, and according to that license agreement, home appliances must pay gracie regularly a percentage of the profits the business earns from selling items that use the patent. her tangible personal property includes the . . .
Answers
Gracie, an inventor, has tools in her workshop, including hammers, a table saw, and drills.
She has a patent on her most recent invention, a kitchen gas grill. She licenses the patent to home appliances, Inc., a company in which she owns stock, and according to that license agreement, Home
Appliances must pay Gracie regularly a percentage of the profits the business earns from selling items that use the patent.
Her tangible personal property includes the tools in her workshop, like hammers, a table saw, and drills.
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Related Questions
You form a company with two other partners. You put in $5,000 and they each put in $3,000. The company only makes $20,000 in the first year and distributes profits equally to each partner how much do you get.
Answers
Answer:
you will recive 8,000$
Explanation:
How is the restaurant manager’s experience different from the customer’s experience?
Answers
Answer:
The restaurant Manager has in-depth knowledge of their business, workers, and income. While a customer might know a workers name a restaurant Manager knows their past record, their education level, and connections.
A manager also might deal with the money, meaning counting bills, change, while a customer simply pays.
Explanation:
Sorry if the question is looking for more specifics.
Which situation would most likely take place in a command economy?
A.
A worker is assigned to work in a government-owned refinery.
B.
Farmers grow just enough corn to eat throughout the year.
C.
Two car companies compete to make the cheapest electric car.
D.
A worker quits his job to start his own business.
Answers
Answer:
1.) C. two car companies compete to make the cheapest electric car
Internet is both boon and curse. Justify the statement
Answers
Why Internet is a boon :-
Because of internet, world has became a global village.
Internet encourages freedom of speech.
Internet is empowering everyone including those who are residing at remotest places.
Internet has created a lot of opportunities that weren’t there before. It created a lot of jobs.
Education got globalized. Students can take any course in any college through E-learning.
New innovations and resources can now be shared easily.
Transfer of files was made easy.
There is no limit to store information in the internet.
Communication has never been this easier.
We can pay bills or buy items from home, that would have required to go outside otherwise.
We can find information about anything.
We can develop our skills through many free courses available in internet.
Internet can be used for entertainment such as playing video games, watching movies etc.
The scope of gossips on celebrities is reducing because now celebrities are able interact with fans directly through social media.
Why Internet is a bane :-
According to researchers, our concentration levels are decreasing with the overwhelming usage of internet as we are concentrating on a lot of things at the same time.
Our memory power is reducing. With the growing usage of internet, we are not using our minds as much as we did when there was no internet. We used to store a lot of information in our minds and we used do simple math without using our phones etc.
The present generation has way too many distractions because of internet.
Lack of security, because hackers can easily theft data or can manipulate it.
Face to face communication has reduced.
Everyone can express their own views. But lots of misleading information too available in the internet. Children and youth can easily be misled by that.
Through Internet, viruses and malware spread easily and total data can get corrupted.
Many waste their precious time on internet.
Gossips spread easily. The privacy of celebrities is diminishing.
Internet addiction is now one of the modern world problems.
Conclusion :-
Internet is definitely a boon. It brought the world closer and made our lives easier. We should utilize technology to compete with this fast world. But every coin has two sides. It’s up to us to receive good and to leave bad.
.Sold merchandise on account to Dorris Edwards, plus sales tax
1. Sales Journal
2. Debit: Accounts Receivable/ Dorris Edwards
3. Credit: Sales/Sales Tax Payable
Answers
To record the sale of merchandise on account to Dorris Edwards, you would use the Sales Journal. In the Sales Journal, you would debit the Accounts Receivable account for Dorris Edwards for the amount of the sale, including sales tax, and credit the Sales and Sales Tax Payable accounts.
This entry would increase your Accounts Receivable balance and increase your Sales and Sales Tax Payable balances.The debit to Accounts Receivable represents the increase in the amount owed to the business by the customer, while the credit to Sales represents the revenue earned from the sale. The credit to Sales Tax Payable represents the liability to remit the collected sales tax to the appropriate tax authority.
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can anyone please help me please.
At the zoo, Brooke learn that one of the rhinos weighs 4,897 pounds, one of the giraffes weighs 2,667 pounds, one of the African elephants 12,456 pound and one of the Komodo dragons weighs 123 pounds.
A. What is the combined weight of the zoo's African elephant and the giraffe?
B.What is the combined weight of the zoo's African elephant and the rhino?
C. What is the combined weight of the zoo's African elephant, the rhino and the giraffe
D. what is the combined weight of the zoo's Komodo dragon and the rhino?
E. How do you found the answer.
Answers
Answer:
A=15,123
B=17353
Explanation:
A = 12456+4897=15,123
B= 4897+12456=17,353
the three major factors associated with corporate social responsibility are
Answers
Based on the socio-economic analysis, the three primary factors associated with corporate social responsibility include "society."
The other two significant factors associated with corporate social responsibility include the following:
EthicsEnvironment.Corporate social responsibility is a term used to describe the practices and policies of business firms or companies to operate in a way that benefits their environment at large, instead of degrading or affecting the environment.
Corporate Social Responsibility involves economic and philanthropic responsibilities, all of which form the social-environmental and ethical responsibilities.
Hence, in this case, it is concluded that the correct answer is society, ethics, and the environment.
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The marginal revenue (MR) for a firm is a constant $45, and the firm's marginal cost (MC) is given by MC=1.5Q (where Q is the quantity of output). What is the firm's profit-maximizing level of output?
45
30
3.33
67.5
33.33
Answers
A firm's marginal revenue MR is always $45, and the marginal cost is calculated as MC is 1.5Q, where Q is the output amount that the firm must produce in order to maximize profits, which is 45.
What is the Mr. Marginal Revenue formula?The sale price for each further item sold is equal to the margin of profit. A corporation divides the fluctuation in its overall revenue by the increase in its total output quantities to determine its marginal revenue. The cost of sale of a single more item that has been traded in makes up marginal revenue.
What makes MC and MR equal?The greatest profit is the output at which MC and MR are equal. When the cost of manufacturing another unit of output reaches a certain threshold in the production level When the cost of creating a further unit of output exceeds the income from that unit of product profit is decreased. As a result, the company won't make that unit.
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Six mutually exclusive alternatives, A-F, are being examined. For an 8% interest rate, which alternative should be selected? What is the highest present worth? Each alternative has a 6-year useful life.
Alternative Initial Cost Uniform Annual Benefit
A 20,000 6,000
B 35,000 9,250
C 55,000 13,380
D 60,000 13,780
E 80,000 24,320
F 100,000 24,320
Please show full work for this Q
Answers
The best alternative to select is Alternative A, which has the highest present worth of -$6,538.71. However, all alternatives have negative present worths, indicating that none of them are economically viable at an 8% interest rate.
The calculation of the present worth (PW) for each alternative reveals that all options have negative present worths, meaning that the benefits they generate are not sufficient to outweigh their costs at an 8% interest rate over a 6-year period. Despite Alternative A having the highest (least negative) present worth, it still results in a negative value of -$6,538.71. This implies that none of the alternatives should be selected as they would not provide a positive return on investment or meet the desired financial criteria.
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Which of the following influences the price elasticity of demand?
1. percentage of a consumer's budget
2. amount of time available to adjust to price changes
3. number and availability of substitutes
4. all of the above
-
thank you!!
Answers
Explanation:
1. percentage of a consumer's budget
The given factor that determines the price elasticity of demand is 3. number and availability of substitutes.
What determines price elasticity of demand?The price elasticity of demand refers to how much demand can change as a result of a change in price.
If a good has several available substitutes, it would have a higher price elasticity of demand because people who switch to other products if prices rise.
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Scott and Laura are married and file a joint tax return. Laura owns a sole proprietorship (not a "specified services" business) that incurs qualified business income of $300,000. The proprietorship pays W–2 wages of $40,000 and holds property with an unadjusted basis of $10,000. Scott is employed by a local school district. Their taxable income before the QBI deduction is $381,400 (this is also their modified taxable income What is their tentative QBI based on the W-2 Wages/Capital Investment Limit? 20,000 Determine their allowable QBI deduction. 75,000 X
Answers
Solution :
QBI 300000 W-2 wages 40000
Taxable 3814000 QBP 10000
income
W-2 limit
Phase greater of
out MFJ
Start 315000 50% of W-2 20000
Finish 415000 or 25% of W-2 10250
+ 2.5% of QBP
Selected 20000 Being higher As part 1
Taxable income above phase out
\($\frac{381,400-315000}{100000}$\) 66%
Now applying gross deduction and phase out
Gross deduction Being 20% of QBI = 66000
Less : wage limit of QBI - 20000
Phase out % x 66%
Phase out amount 30,360
Final deduction = gross deduction- phase out amount
= 66,000 - 30,360
= 35,640
all other things being equal, if kitts company increases its total fixed cost, the number of units necessary to reach the break-even point will
Answers
Assuming all other factors remain constant, Kitts Company's higher total fixed cost will result in more units needed to break even.
What are fixed costs?
A fixed cost is an expense that a business incurs that remains the same regardless of how many goods and services are produced or sold. Fixed costs are frequently associated with ongoing costs like rent, interest payments, and insurance that are not directly tied to productivity.
Fixed costs are typically indirect because they have nothing to do with how a company produces any goods or services. Shutdown points are frequently used to cut fixed costs. Their overall costs are the consequence of two separate forms of business expenses, the other being variable costs.
Given that the break-even point equals total fixed costs divided by the contribution margin per unit, the number of units needed to break even rises as total fixed costs rise.
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Douglas pays Selena $43,900 for her 28% interest in a partnership with net assets of $125,600. Following this transaction, Douglas's capital account should have a credit balance of a. $43,900 Ob. $35,168 Oc. $125,600 Od. $12,292
Answers
To determine the credit balance of Douglas's capital account after paying Selena for her interest in the partnership, we need to calculate Douglas's capital account balance before the transaction and then adjust it accordingly.
The net assets of the partnership are given as $125,600, and Selena owns a 28% interest in the partnership. Therefore, Selena's share of the net assets can be calculated as:
Selena's share = 28% of net assets = 0.28 * $125,600 = $35,168
This means that Selena's interest is valued at $35,168.
Now, let's calculate the balance of Douglas's capital account before the transaction. Since Selena is selling her interest to Douglas, the total value of the partnership's net assets remains the same.
Douglas's capital account before the transaction = Net assets - Selena's interest
Douglas's capital account before the transaction = $125,600 - $35,168 = $90,432
Finally, we can determine the credit balance of Douglas's capital account after the transaction by subtracting the amount paid to Selena ($43,900) from the balance before the transaction:
Douglas's capital account after the transaction = Douglas's capital account before the transaction - Amount paid to Selena
Douglas's capital account after the transaction = $90,432 - $43,900 = $46,532
Therefore, the correct answer is:
c. $125,600
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how did the industrial revolution affect economic relationships among nations?
Answers
The Industrial Revolution had a profound effect on the economic relations between nations. Some of the ways this relationship affects include:
Expansion of trade: The growth of manufacturing and the emergence of new industries led to an increase in international trade and the exchange of goods and services between countries.Creation of new markets: The expansion of trade creates new markets for goods, which allows countries to specialize in the production of certain products and increases their economic competitiveness.Rise of colonialism: The Industrial Revolution also led to the expansion of European colonial empires as countries sought new markets and sources of raw materials.Changes in labor patterns: The Industrial Revolution brought about significant changes in the way work was organized and performed, leading to new forms of labor exploitation and growth of the wage workforce.Development of financial systems: The growth in international trade and investment led to the development of new financial systems, such as banks and stock exchanges, which allowed cross-border capital flows.Overall, the Industrial Revolution changed economic relations between countries, leading to increased globalization and the establishment of new economic systems and patterns of trade and investment.
The Industrial Revolution was a period of rapid economic and social change that occurred between the late 18th and early 19th centuries. It is characterized by a shift from manual labour-intensive production methods to machine-based manufacturing processes and the widespread use of new technologies and innovations.
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Suppose the demand for toxic waste disposal is very elastic. The government imposes an excise tax on waste disposal. The deadweight loss associated with the production of toxic waste disposal will be:a-relatively small.b-relatively large.c-zero.d-a deadweight gain.
Answers
The correct answer is b- relatively large.
When the demand for toxic waste disposal is very elastic, a small increase in the price of disposal due to the excise tax will cause a significant decrease in the quantity demanded. As a result, the producers will reduce their production, and the market will experience a deadweight loss.
This loss occurs because some mutually beneficial transactions will not occur due to the tax, leading to a reduction in economic efficiency. Therefore, the deadweight loss associated with the production of toxic waste disposal will be relatively large.
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Anh is single, owns a car, and works full time. She is buying a home and has student loans and other debts to pay. What should she do to protect herself from the risks she might face in the future?
Answers
Answer:
She should do her financial planning properly.
Explanation:
In the context, it is given that Anh who is a full time employee in a firm owns a car and she is single. She has some debts to pay and also has a student loans. She is currently buying a home. In this way she might face financial problems in her future. She will in huge debts where she will not be able to pay off the loans and the debts.
So Anh must consult a financial expert who will help her or guide her to plan her finances properly. She must pay off the debts and the loans as soon as possible. The more delay she does the more debt she will be pulled into as she will have to pay more as the interest increase.
So she should invest properly and clear off her loan first.
A company sells a plant asset that originally
cost $528000 for $194000 on December
31, 2017. The accumulated depreciation
account had a balance of $264000 after
the current year's depreciation of $44000
had been recorded. The company should
recognize a
Answers
Answer:
The company should recognize a loss of $70,000
Explanation:
Here in this question, we shall be evaluating what should be recognized in the transaction books of the company as a result of the sales of one of its plant asset.
The first thing to do here is to calculate the book value of the plant asset.
Mathematically, the book value of the plant asset = Original cost of plant asset - Accumulated depreciation value
from the question; the original cost is $528,000
while the depreciation value is $264,000
Thus, the book value of the plant asset = $528,000 - $264,000 = $264,000
Now since the company sold the plant asset at a value of $194,000, which is less than the book value of the plant asset, the company should recognize a loss
The amount of the loss = Amount at which the sold - book value of the plant asset
= 194,000 -264,000 = -70,000
Thus the company should recognize a loss of $70,000
A group of four friends spends a day at a local theme park, which has just opened a new attraction with very popular rides featuring new technology. They board one of the rides after waiting for over an hour in line, but about five minutes into the ride the electricity fails, and they are stuck on the ride for a half hour. When the ride finally resumes and concludes, they go to the theme park’s guest services department to complain.
What are the facts?
How does the guest feel?
How would you acknowledge the guest’s feelings?
What would be your solution?
How would you follow up with the guest?
Answers
firstly it was totally the system's fault because they can't take risks with electricity in a local theme park as it is a must factor. even if the incident occurred they must have a good backup.
we have already discussed the facts, it was very unpleasant for the guests as they came for enjoying the moment but wasted their time due to system failure and it was very disheartening for all the people gathered there.
acknowledging guests' feelings seems to be very disheartening as they suffered because of the department's negligence and everything that happened was unexpected.
the department should be aware of every basic facility present at that moment and must have options for immediate action if something happens.
An architect’s functions may include which of the following? (SELECT ALL THAT APPLY.)
-planning and designing houses, commercial buildings, and other structures
-ensuring worksite safety
-collaborating with engineers
-acting as a construction manager and supervising contractors
Answers
Answer:
the answer is planning, ensuring, and acting
International businesses have to engage in market __________, or identifying different groups of consumers by their purchasing behavior.
Answers
International businesses have to engage in market Segmentation or identifying different groups of consumers by their purchasing behavior.
What is market SegmentationMarket segmentation refers to the process of dividing a large consumer or business market which usually consists of existing and potential customers, into smaller groups of consumers characterised by their shared consumer behaviour.
For international businesses to survive in a market, there is need to perform Market segmentation in order to make informed decisions.
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The owner of Nuts2U Snack Shack mixes cashews worth $6. 25 a pound with peanuts worth $2. 10 a pound to get a half-pound mixed nut bag worth $1. 90. How much of each kind of nut is included in the mixed bag?.
Answers
To create a half-pound mixed nut bag worth $1.90, the owner of Nuts2U Snack Shack includes approximately 0.22 pounds of cashews and 0.28 pounds of peanuts.
Let's assume the amount of cashews in pounds is represented by 'x' and the amount of peanuts in pounds is represented by 'y'. We can set up a system of equations based on the given information:
Equation 1: x + y = 0.5 (since the bag is half a pound)
Equation 2: 6.25x + 2.10y = 1.90 (the total cost of the nuts in the bag)
We have two equations with two unknowns. To solve this system of equations, we can use substitution or elimination. Let's use the elimination method.
Multiply Equation 1 by 6.25 to make the coefficients of x in both equations the same:
6.25(x + y) = 6.25(0.5)
6.25x + 6.25y = 3.125
Now we can subtract Equation 2 from this new equation:
(6.25x + 6.25y) - (6.25x + 2.10y) = 3.125 - 1.90
This simplifies to:
6.25x + 6.25y - 6.25x - 2.10y = 1.225
Combine like terms:
4.15y = 1.225
Divide both sides by 4.15:
y = 1.225 / 4.15
y ≈ 0.2957
Now substitute the value of y back into Equation 1:
x + 0.2957 = 0.5
Subtract 0.2957 from both sides:
x = 0.5 - 0.2957
x ≈ 0.2043
Therefore, the approximate amounts of cashews and peanuts in the mixed nut bag are x ≈ 0.2043 pounds of cashews and y ≈ 0.2957 pounds of peanuts.
By solving this system of equations, we find that x ≈ 0.22 and y ≈ 0.28. This means that approximately 0.22 pounds of cashews and 0.28 pounds of peanuts are included in the mixed bag.
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during the free-look period, the premium for a variable annuity_____.
Answers
During the free-look period, the premium for a variable annuity is fully refundable if the policyholder cancels the policy within that period. The free-look period typically lasts 10 to 30 days after the policy's date of delivery.
What is a free-look period?
A free-look period is a specific number of days during which a new life insurance policy or annuity contract may be returned for a full refund of premium if the policyholder changes their mind for any reason. The free-look period may differ depending on the type of policy or annuity you buy.
Variable Annuities: Variable annuities are investment contracts with an insurance company that allow you to invest in a variety of investment choices known as subaccounts. Your contract's investment return is directly linked to the investment success of the subaccounts you choose. The annuity contract's worth fluctuates depending on the investment results of the subaccounts. Variable annuities are usually more expensive than fixed annuities because they provide the potential for a greater investment return.
How to Cancel the Variable Annuity Contract? During the free-look period, the policyholder may cancel the variable annuity contract without incurring any penalties. The premium will be completely refunded to the policyholder.
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Which of the following things can help you get a lower interest rate when you receive a loan?
A. A low credit score
B. A history of defaulting
C. Using all of your available credit
D. Collateral
Answers
Answer:
D. Collateral
Explanation:
Collateral refers to an asset offered to a lender to secure a loan. Borrowers use properties, motor vehicles, or other valuable items to convince lenders to advance credit facilities. Collateral reduces the risk of lending. If the borrower default, lenders have the option of selling the collateral to recover their money.
Because collateral makes a loan less risky, the interest charged is low. A high-interest rate reflects a high-risk borrower.
Answer:
D. Collateral
Explanation:
True or false?
The law of diminishing returns states that as more variable inputs are added to production, the productivity of these inputs increases.
Answers
Answer:
that would be true
Explanation:
Assume a homeowner currently has 95% of its original mortgage balance outstanding? If he made no prepayments, the mortgage balance would decline to 94% of the original mortgage balance outstanding nex
Answers
If the homeowner currently has 95% of their original mortgage balance outstanding and makes no prepayments, the mortgage balance would decline to 94% of the original mortgage balance outstanding next.
To calculate the new mortgage balance, you can multiply the current balance by the remaining percentage. Here's the calculation:
New Mortgage Balance = Current Mortgage Balance * Remaining Percentage
Let's assume the original mortgage balance was $100,000.
Current Mortgage Balance = 95% of $100,000 = $95,000
New Mortgage Balance = $95,000 * 94% = $89,300
Therefore, if the homeowner makes no prepayments, the mortgage balance would decline to $89,300, which is 94% of the original mortgage balance outstanding.
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Refer to the table above. Country A has a comparative advantage in • wine. • beer. • both beer and wine.• neither beer nor wine.
Answers
In order for commerce to benefit both Austria and France, the price of trade (the cost of wine relative to the cost of beer) should be: per bottle of wine.
The ability of an economy to produce a specific commodity or service at a lower opportunity cost is known as comparative advantage. A country's or company's comparative advantage is frequently cited as the driver of trade. The potential benefits that a company forgoes when choosing one alternative over another are known as opportunity costs. We can infer from the fact that when France and Austria make beer and wine according to their individual capabilities, they can: France Austria. 1 bottle of wine. Beer for 4 to 10 barrels. The opportunity cost of producing 1 barrel of beer for each nation is as follows: 0.25 a bottle of wine from France. Austria: one wine bottle.
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A company reported that its bonds with a par value of $50,000 and a carrying value of $67,000 are retired for $72,000 cash, resulting in a loss of $5,000. The amount to be reported under cash flows from financing activities is:
Answers
When a company decides to retire its bonds, it means that the company is paying off the bonds before their maturity date. This can happen for various reasons, such as refinancing the debt at more favorable terms or simply fulfilling the contractual obligation to repay the bondholders. In this case, the company reported that its bonds, which had a par value of $50,000, were retired.
The carrying value of the bonds refers to the book value of the bonds on the company's balance sheet. It takes into account any premiums or discounts associated with the bonds. In this scenario, the carrying value of the bonds was $67,000. It is important to note that the carrying value may differ from the par value if the bonds were issued at a premium or a discount.
Now, let's focus on the cash aspect of the bond retirement. The company received $72,000 in cash upon retiring the bonds. This cash inflow is the amount that should be reported under the cash flows from financing activities section of the company's cash flow statement.
It's worth mentioning that the loss of $5,000 mentioned in the question is not directly related to the cash flows from financing activities. This loss represents a non-cash expense that is reported in the income statement and affects the net income of the company. It arises from the difference between the carrying value of the bonds and the amount paid to retire them.
To calculate the loss, we can subtract the cash received from the carrying value of the bonds.
Loss = Carrying Value - Cash Received
= $67,000 - $72,000
= -$5,000
The negative sign indicates a loss, meaning that the company had to pay more than the carrying value of the bonds to retire them. This loss is recorded in the income statement and is considered an expense.
However, when it comes to the cash flow statement, only the actual cash flows from financing activities are reported. In this case, the company received $72,000 in cash, which is the relevant amount for the cash flows from financing activities section.
The amount to be reported under cash flows from financing activities is $72,000. This figure represents the cash received by the company upon retiring its bonds. The loss of $5,000 is a non-cash expense that is recorded in the income statement but does not impact the cash flow.
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The US Supreme Court did what in Piscataway Board of Education v. Taxman, 521 U.S. 1117, 117 S.Ct. 2506 (1997)?
Answers
Answer:
The case was never heard in the United States Supreme Court.
Explanation:
The board of education of Piscataway High School, New Jersey desired to remove one teaching position from the Business Education department. A hindrance to this was the fact that the two teachers being considered had indefinite appointments, and were equal in seniority. According to the state law, tenured teachers can be relieved of their duties in reverse order of seniority. Either Sharon Taxman, a white teacher, or Debra Williams an African-American teacher were to be relieved of their positions.
Taxman was chosen because African-Americans were a minority. Taxman contested this in the court. The case was never heard at the U.S Supreme court because some civil rights group wanted the case to be settled out of court. The United States Court of Appeal ruled in favor of Taxman.
Bank telers need a community college degree.
A. True
B. False
Answers
Which of the following is not required by lenders and investors?
master plan
b. organization plan
c. market analysis
d. financial analysis
a. master plan
Answers
Answer:
Master plan
Explanation:
The master plan of the following is not required by lenders and investors. The correct option is a.
What is the difference between an investor and lender?An accredited investor must make an investment in the housing loans that we write. The Fund has received a loan from a lender. He has a lower risk and thus a lower return.
It is not accurate to say that a master plan is not required by lenders and investors, as this can depend on the specific project and the preferences of the lender or investor. However, out of the given options, the organization plan is the one that is not typically required by lenders and investors.
A well-developed organizational plan can be helpful in outlining the structure and management of a company or project, but it is not a core component of financial analysis or investment decision-making.
Thus, the ideal selection is option a.
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