a building was purchased for $850 000 with 10 down and the lender charged the buyer 2 discount points. How much cash did the buyer need to come up with at closing a loan for the balance
The cash that the buyer need to come up with at closing a loan for the balance is: $833,000.
Cash amountUsing this formula
Cash amount=Cost of building-(Cost of building × Discount point)
Let plug in the formula
Cash amount=$850,000-($850,000×2%)
Cash amount=$850,000-$17,000
Cash amount=$833,000
Therefore the cash that the buyer need to come up with at closing a loan for the balance is: $833,000.
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When a banker accepts a deposit of $1,000 in cash and puts $200 aside as required reserves and then makes a loan of $800 to a new borrower, this set of transactions
The act of providing a loan by the banker to the borrower amounting to $800 after setting aside the reserve amount of $200 contributes to the increase of the money supply by $800.
What is the money supply?The money supply is the amount that a public held at a point in time including currency notes, coins, and the bank account balances.
When the banker is giving the loan to the borrower at $800 then it infuses the money into the economy as this amount is further given as a loan by another bank to another borrower. This whole cycle goes on to continue till the amount reaches zero.
Therefore, the money supply increases by $800 when the banker gives loans to the borrower for the amount of $800.
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A current liability is a debt that is reasonably expected to be paid.
Answer:
If you were asking for true or false, that statement is true.
Suppose a self-regulating economy is in a recessionary gap at the time the Fed enacts expansionary monetary policy. Furthermore, suppose the Fed is able to enact expansionary monetary policy in such a precise way that the economy moves from a recessionary gap into long-run equilibrium, if there are no other changes in the economy. The combination of expansionary monetary policy and a self-regulating economy will cause
The combination of expansionary monetary policy and a self-regulating economy will cause real GDP will rise to the level above natural real GDP and the recessionary gap would hence turn into an inflationary gap situation.
What do you mean by monetary policy?Monetary Policy refers to the control of the quantity of money available in an economy through which new money is supplied.
The self-regulating economy experiences a recessionary gap. The real GDP is less than the level of natural real GDP. The gap is been corrected by the rightward shift in the short-run aggregate supply curve.
Due to interplay, real GDP will rise to the level above natural real GDP and the recessionary gap turn into an inflationary gap.
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The interest rate applied to the net lease receivable is the rate that amortizes the gross lease receivable to zero at the end of the lease term. the rate that amortizes the net lease receivable to zero at the end of the lease term. the implicit interest rate. the incremental borrowing rate.
The implicit interest rate is used when an interest rate applies to the net lease receivable that amortizes the gross lease receivable to zero at the end of the lease term.
What is an implicit interest rate?This refers to the interest rate that are not specifically stated in a business transaction.
This kind of interest rate applies to the net lease receivable that amortizes the gross lease receivable to zero at the end of the lease term.
Therefore, the Option D is correct.
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How is a mutual fund different than an index fund?
Answer:
Index funds are mutual funds, but instead of owning maybe twenty or fifty stocks, they own the entire market. (Or, if it's an index fund that tracks a specific portion of the market, they own that portion of the market:)
What are concerns of risk of Sovereignty? Include some examples.
An individual participates in the 401(k) plan offered by the employer. Every two weeks, 4% of the employee's salary is deferred into the plan. The contributions are made into several different mutual funds. This practice is using
The practice is of 401(k) plan offered by the employer is using a deferred compensation.
What is a Deferred compensation?This plan involves an employee holding the pay for disbursement at a later time which often provides a tax deferred benefit to the employee.
Hence, the practice is of 401(k) plan offered by the employer is using a deferred compensation.
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Which of the following is a key difference between the cases of Gutter v. Bollinger and Hernandez v. Texas?
a)Pete Hernandez committed a crime, and Barbara Grutter was innocent.
b)Barbara Grutter was a woman, and Pete Hernandez was a man.
c)Grutter v. Bollinger upheld exclusion to promote diversity, while Hernandez v. Texas denounced exclusion to promote diversity.
d)Grutter v. Bollinger upheld inclusion to promote diversity, while Hernandez v. Texas denounced inclusion to promote diversity.
Answer:
the correct answer for this question is this one 'D.' Grutter v.Bollinger upheld inclusion to promote diversity, while Hernandez v.Texas denounced Inclusion to promote diversity...
this is the key difference between the cases of Grutter v.Bollinger and Hernandez v.Texas
To what extent does woolworths have over the macro environment
On April 1, 20X1, Nelsen Inc. accepts a $100,000, 8% note. The note receivable and interest are due on March 31, 20X2 (one year later). On December 31, 20X1, Nelsen will accrue interest revenue of:
Based on the amount received as a notes receivable, and the month the interest revenue is recorded, the amount accrued would be $2,000.
What interest revenue will be accured?From December 20X1 to March 20X2 will be 3 months.
The interest revenue will therefore be:
= Amount of note receivable x Interest rate x Number of months till interest is due
= 100,000 x 8% x 3/12 months
= $2,000
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When diagnosing a clutch problem, Technician A says the first steps are gathering as much information as possible from the customer. Technician B says the first step is performing a visual inspection. Who is correct
The Technician A is correct because the gathered information from the driver will give them an insight of the clutch problem.
What is a vehicle clutch problem?This mechanical problem involves difficulties in changing the vehicle's transmission.
Hence, the Technician A is correct because the gathered information from the driver will give them an insight of the clutch problem.
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A national ice cream chain asked its 30 highest paid employees to take a 15% pay cut. Doing this, in response to the recent sales decline, meant no store closures and no downsizing. This could b
Based on the fact that there were no store closures or downsizing, but only a pay cut, this is a Utilitarian approach.
What is a utilitarian approach?When moral decisions are decided based on which option will benefit the greatest number of people, this is referred to as utilitarianism.
Cutting salaries to avoid layoffs as a result of closures and downsizing benefits a larger number of employees, as opposed to the smaller number of executives hence it is utilitarian.
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Question Mode Multiple Choice Question Remaining ______ is the key to an organization's success in changing times. Multiple choice question. consistent inflexible flexible stable
If an organization is to be successful in changing times, the key to this is to remain flexible.
What is the benefit of organization flexibility?When a company is flexible, it is able to adapt to whatever changing situation that it finds itself in.
This means that in changing times, it adapts such that it remains profitable regardless of the new challenges it faces.
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How is a 401k different from an individual retirement account (IRA)?
A 401k is a good long-term investment strategy.
A 401k allows people to contribute before taxes.
A 401k is created by an individual who deposits money.
A 401k is created by an employer who may match contributions.
Vietnam is the ___ largest exporter of coffee, accounting for about 10. 5% of the world’s export?.
Vietnam is the exported 5th largest largest exporter of coffee, accounting for about 10. 5% of the world’s exports.
What is Exportation?Exportation can be regarded as the process of moving goods and services from one country to another with the aim of trading.
Therefore, in term of exportation of goods and services, Vietnam is one of the country that export coffee in the world and it serves as their major export.
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ii) What incentives would you suggest to each of the institutions to attract competent employees?
Explanation:
[tex]\huge{\color{black}{\fbox{\color{pink}{\colorbox{pink}{\color{red}{Answer ✨☑️}}}}}}[/tex]
Offer Extra Vacation Time for Hitting Goals. Lack of vacation time is the number one factor that leads to employee burnout. ...
Offer Extra Vacation Time for Hitting Goals. Lack of vacation time is the number one factor that leads to employee burnout. ... Set Up Department-Wide Competitions. ...
Offer Extra Vacation Time for Hitting Goals. Lack of vacation time is the number one factor that leads to employee burnout. ... Set Up Department-Wide Competitions. ... Put Together a Team Outing for Top Performers. ...
Offer Extra Vacation Time for Hitting Goals. Lack of vacation time is the number one factor that leads to employee burnout. ... Set Up Department-Wide Competitions. ... Put Together a Team Outing for Top Performers. ... Provide Custom Rewards.
Explanation:
10 must-have employee incentive programs
Recognition and rewards. ...
Referral programs. ...
Professional development. ...
Profit sharing. ...
Health and wellness. ...
Tuition reimbursement. ...
Bonuses and raises. ...
Fun gifts.
You have a small business. your first-year financials are as follows.
start-up costs $60,800
gross sales $65,800
total expenses $28, 500
income taxes $6, 370
what is the return on investment (roi)for your business?
The return on investment for the business with the given financials are as follows,
Start-up costs $60,800
Gross sales $65,800
Total expenses $28, 500
Income taxes $6, 370
Overall expenditure $95670
Return on investment, $65800- $95670
= $-29870.
What is Return on investment?Return on investment is a financial ratio used to calculate the benefit an investor will receive in relation to their investment cost. It is most commonly measured as net income divided by the original capital cost of the investment.
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A commenced his cloth business on 1st April, 2018 with a capital of ₩30,000. On 31st March 2019, his assets were worth ₩50,000 and liabilities of ₩10,000. Find out his closing capital and profits earned during the year.
[tex] \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: [/tex]
Help me with this question ~
Answer:
Profits = ₩10,000
Closing Capital = ₩40,000
Explanation:
Let's note down the given information at first.
Opening capital = ₩30,000Worth of assests after 1 year = ₩50,000Liabilities = ₩10,000Now,
Profits
= (Worth of assets after 1 year - Liabilities) - Opening capital
= (₩50,000 - ₩10,000) - ₩30,000
= ₩10,000
Next, let's find the closing capital
= Assets - Liabilities
Assets ₩50,000
Liabilities ₩10,000
[tex]\rule{150pt}{1pt}[/tex]
Closing capital ₩40,000
[tex]\rule{150pt}{2pt}[/tex]
______ may be merely a stage in the evolution of international companies, and that increased globalization of sales and other value chain activities will occur over time as companies accumulate international experience.
The complete statement reads "Semi globalization may be merely a stage in the evolution of international companies, and that increased...".This is further explained below.
What is Semi globalization?Generally, Semi globalization is simply defined as a situation of imperfect cross-border integration.
In conclusion, To some extent, semi-globalization is only the beginning of a process that will eventually lead to a greater degree of globalization of sales and other value chain operations.
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How does scarcity of resources affect the nations of the world?.
Answer:
Development work will be less
public will be less
many population of people may loss their life
will suffer from different diseases
Explanation:
......
Giorgio had cost of goods sold of $9,101 million, ending inventory of $2,089 million, and average inventory of $1,900 million. Its inventory turnover equals: Multiple Choice 0.21. 4.36. 4.79. 76.2 days. 83.8 days.
Based on the scenario given above, the inventory turnover equals 4.79. Check more about the term below.
What is inventory?Inventory is a term that is used for all items, goods, and materials held by a business that are meant to be sold in the market to get a profit.
Based on the scenario given above, since Giorgio had cost of goods sold of $9,101 million, ending inventory of $2,089 million, and average inventory of $1,900 million. Its inventory turnover equals, the inventory turnover equals 4.79.
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As consumers respond to climate change and environmental concerns, both General Motors and Tesla are offering fully electric vehicles. This issue represents which of the macroenvironmental variables
Social macroenvironmental variables can be felt and seen in the way of response by different consumers to the climate change.
What are macroenvironmental variables?Macro-environment is a term that describes those factors that can alter the decision of a consumer towards a product.
These factor could be ;
Economic factorsSocial factorTechnological factor.Therefore all these mentioned factors affect the way product is been decided on by different types of consumers.
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Please select the word from the list that best fits the definition under this program, parents may receive a voucher equal to the amount their state spends on education for their child.
The program that allowed for parents to receive a voucher for the amount their state spent on education for their child referred to School choice.
How did the government encourage home schooling?Under the concept of school choice, the state government would give a voucher to parents who elected to use homeschooling.
This voucher would be of the same amount that the government would have spent on educating the child if they had gone to public school.
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Selling skills: mastery test
submit test
5
type the correct answer in the box.
identify the approach method in the given scenario.
laura works for a company that sells luxury yachts. laura approaches a customer by offering the keys to a yacht and encouraging them to take it
a
out for a test drive around the marina and out into the harbor. laura has adopted the
approach method.
reset
next
When Laura encourages the buyer to test drive the yacht, she has adopted the Personality Approach Method.
What is the Personality Approach Method?The personality approach method occurs when the seller studies the buyer to determine what will be most suited to their needs.
He studies the buyer and to instill trust, he might encourage them to test the item that they intend to acquire. This is the approach Laura used.
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Why would a business prefer to keep an invention secret instead of applying for a patent
who is the fastest typist ever recorded and how many words per minute did she type?
Explanation:
The fastest typist ever recorded is Stella Pajunas-Garnand.
She typed 216 words in a minute.
She's from Chicago, US.If the price is raised to $7, what would be the result in the market place? (Surplus, Shortage, or Equilibrium).
In order to construct a reliable price index, government accountants must assign a ______ to each of several categories of goods and services. Multiple choice question.
To build a reliable price index, government accountants must assign a weight to each of several categories of goods and services.
What is the Consumer Price Index?The CPI is an average used to measure the variation in prices that consumers will pay for a product or service over a period of time.
Therefore, the CPI is the most used index for measuring inflation and deflation in the American economy, through the prices and weights of goods and services.
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On October 1, 2021, Eagle Company forecasts thepurchase of inventory from a British supplier on February 1,2022, at a price of 100,000 British pounds. On October 1,2021, Eagle pays $1,800 for a three-month call option on100,000 pounds with a strike price of $2.00 per pound. Theoption is considered to be a cash flow hedge of a forecastedforeign currency transaction. On December 31, 2021, theoption has a fair value of $1,600. The following spotexchange rates apply:DateOctober 1, 2021December 31, 2021February 1, 2022
The journal entry that Eagle should prepare on October 1, 2021 is:
Debit Foreign Currency Option $1,800; Credit Cash $1,800.
What is Journal entries?Since Eagle pays the amount of $1,800 for a three-month call option and on December 31, 2021, the option has a fair value of $1,600. The journal entry that Eagle should prepare on October 1, 2021 December 31, 2021 are:
Eagle company
October 1, 2021
Debit Foreign Currency Option $1,800
Credit Cash $1,800
December 31, 2021
Debit Option Expense $200
Credit Foreign Currency Option $200
($1,800-$1,600)
Therefore entry that Eagle should prepare on October 1, 2021 is: Debit Foreign Currency Option $1,800; Credit Cash $1,800.
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