One of the benefits to lenders from the secondary mortgage markets is that they tend to raise the interest rate charged to borrowers. Group of answer choices True False

Answers

Answer 1

Answer:

true

Explanation:

the mortgage is riskier for the lender as the first mortgage takes priority and getting paid off in a foreclosure


Related Questions

We may request personal information when you register to receive additional information ________ our products and services.
A. regards
B. regarded
C. regarding
D. regarding to

Answers

Regarding because it makes sense

Answer:

D) Regarding to

Which of the following protects the brokers commission

Answers

The Safety clause is the options that protects the brokers commission.

What is the Safety clause?

This is a legal clause that states that a real estate broker is entitled to a commission if a sale occurs after the listing agreement expires.

Hence, among the options, the Safety clause is clause that offers protection to the brokers commission.

Therefore, the Option A is correct.

Missing options "a. Safety clause b. Listing price. c. Mediation d. MLS"

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Jimmie is purchasing a home with a purchase price of $350,000. He has been approved for a loan with an 85% LTV. What is his down payment

Answers

Based on the information given the down payment is $52,500.

Using this formula

Down payment=(100%-Approved loan percentage)×Purchase price

Where:

Approved loan percentage=85%

Purchase price=$350,000

Let plug in the formula

Down payment=(100%-85%)×$350,000

Down payment=15%×$350,000

Down payment=$52,500

Inconclusion the down payment is $52,500.

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Firm I has been selling its products through a distributor for some time. It has become the market share leader. Unfortunately, this distributor has not been able to keep up with the evolving technology and customers are complaining. There are no alternative distributors available. Should Firm I keep its current distributor or should it begin distribution on its own?

Answers

Firm I should  begin distribution on its own in order to prevent loss and

liquidation of the company.

It is best for the company to become vertically integrated in instances such

as this. Vertical integration involves companies controlling more than one

stage of production.

By so doing, the company can restrategize and ensure its products satisfy

the customers through the adoption of the technology they are complaining

about. This helps to ensure increased profit made from the goods.

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example of globalization as internalization and liberalization

Answers

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Example of Liberalization : - European Union has liberalized gas and electricity market.

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Example of globalization : - trading of commodities such as coffee or avocados.

❤Hope it's helpful↑(◍•ᴗ•◍)❤࿐

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Presented below are selected transactions for Werley Company for 2021. Jan. 1 Received $9,000 scrap value on retirement of machinery that was purchased on January 1, 2011. The machine cost $90,000 on that date, and had a useful life of 10 years with no salvage value. April 30 Sold equipment for $34,000 that was purchased on January 1, 2018. The equipment cost $90,000, and had a useful life of 5 years with no salvage value. Dec. 31 Discarded a business truck that was purchased on April 1, 2017. The truck cost $27,000 and was depreciated on a 5-year useful life with a salvage value of $2,000. Journalize all entries required as a result of the above transactions. Werley Company uses the straight-line method of depreciation and has recorded depreciation through December 31, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit choose a transaction date Jan. 1 enter an account title to record depreciation expense enter a debit amount enter a credit amount enter an account title to record depreciation expense enter a debit amount enter a credit amount enter an account title to record depreciation expense enter a debit amount enter a credit amount enter an account title to record depreciation expense enter a debit amount enter a credit amount choose a transaction date April 30 enter an account title to record depreciation expense enter a debit amount enter a credit amount enter an account title to record depreciation expense enter a debit amount enter a credit amount (To record depreciation expense) choose a transaction date April 30 enter an account title to record sale of equipment Cash enter a debit amount 34000 enter a credit amount enter an account title to record sale of equipment Accumulated Depreciation-Equipment enter a debit amount

Answers

Based on the information given the appropriate journal entry to record the transactions are:

Werley Company Journal entries

1. Jan 2020

Debit Cash $ 9,000

Credit Accumulated depreciation - machinery $90,000

($90,000/10×10)

Credit Machinery $ 90,000

Credit Gain on retirement of assets $9,000

($9,000+$90,000-$90,000)

2. Apr-30

Debit Depreciation expense $6,000

($90,000/5×4/12)

Credit accumulated depreciation-Equipment $6,000

Debit Cash $34,000

Debit Accumulated depreciation $60,000

($90,000/5)×3 1/3) [(2018-2021)+(Jan 2021 to April 2021)]

Credit Equipment $90,000

Credit Gain on disposal of plant assets $4,000

[$34,000-($90,000-$60,000)]

3. Dec-30

Debit Depreciation expense $5,000

[($27,000-$2,000)/5]

Credit accumulated depreciation-Equipment $5,000

Debit Accumulated depreciation- Equipment $23,750

($5,000×4 3/4)  [(2017-2021)+(April 2021 to Dec 2021)]

Debit Loss on disposal $3,250

($27,000-$23,750)

Credit Equipment $27,000

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Suppose the economy is in long-run equilibrium. If there is a sharp increase in the minimum wage as well as an increase in taxes, then in the short run, real GDP will:____.
a. rise and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be unaffected.
b. fall and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be unaffected.
c. rise and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be lower.
d. fall and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be unaffected.

Answers

Suppose the economy is in the long run equilibrium. If there is a sharp increase in the minimum wage as well as an increase in taxes then in the short run, real GDP will

fall and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be lower.

Given that this economy is in the long run equilibrium. Given a sharp increase in minimum wage and taxes, then real GDP will decrease in the short run as well as the price level.

In the long run it may stay the same. But the Real GDP will definitely be lower.

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Discuss how brainstorming can be used in developing new enterprise ideas.

Answers

Answer:

brainstorming is just about makeing imaginations inside of your mind

5 year plan example for high school seniors

Answers

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A five year plan is a list of priorities you would like to accomplish over the next several years. As well as actions you can take when you make mistakes, so that you can still meet those goals.

Hope it helps

Select True or False for each of the following statements about Types of Fraud, Scams, and Money Laundering
Red Flags.

Answers

Answer:

You Need To Provide More Information on the Question For An Answer

Explanation:

Not Information

Audra owns a rental house. She makes mortgage payments of $1,060 per month, which include insurance, and pays $2,700 per year in property taxes and maintenance. Utilities are paid by the renter. What should Audra charge for monthly rent to make $4,500 profit each year?

Answers

Answer:

A $740 cable bill for them to be able to watch shows and have internet.

Explanation:

Martin is an intern working for Tennessee Fried Chicken (TFC), an international company with over 1,000 franchised restaurants throughout the United States and in 21 other countries. TFC heavily advertises on television and in various print media that its chicken is superior due to its blend of "42 secret herbs and spices." Many have tried to duplicate the recipe unsuccessfully, and burglars have even been caught trying to steal it. One day Martin is called into the president's office for an assignment, and during their conversation, the president leaves the room, leaving Martin alone. Martin notices that the wall safe is open and looks inside, where he sees an envelope labeled "THE RECIPE." He opens it and finds that it is the list of the 42 secret herbs and spices, along with quantities and order of use. He quickly makes a copy of the recipe and returns the envelope to the safe. That afternoon, he calls Bluto's Fried Chicken, a TFC competitor, and informs Bluto's of the information he possesses, and they arrange a meeting. If Martin sells the recipe to Bluto's, who, if anyone, would be guilty of mis-appropriation?
a. If Martin sells the recipe to Bluto's, Martin is guilty of misappropriation but Bluto's is not guilty of misappropriation.
b. If Martin sells the recipe to Bluto's, Martin is not guilty of misappropriation but Bluto's is guilty of misappropriation.
c. If Martin sells the recipe to Bluto's, both Martin and Bluto's are guilty of misappropriation.
d. Neither Martin nor Bluto's is guilty of misappropriation because leaving the safe open shows that the secret was not guarded and guarding is necessary to qualify for trade secret protections.

Answers

The culprits of misappropriation would be both Martin and Bluto's Fried Chicken.

Misappropriation is a crime against wealth or property. This crime occurs when a person or group seizes someone else's property, to make a profit.

According to the foregoing, both are incurring misappropriation because:

Martin: He was not the creator or owner of the recipe, he stole it in a moment of the owner's carelessness and wanted to obtain personal gain in exchange for the product owned by TFC.

Bluto's Fried Chicken: He knows that Martin obtained the recipe illegally, yet he still decides to make the transaction to copy the recipe and make more profit in his business.

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You are considering employment opportunities after graduation. What would you look for in identifying a prospective employer's company's culture

Answers

Answer:

What would you look for in identifying a prospective employer's company's culture?

Explanation:

benchmarking the company's performance of activities and business processes against "best-in-industry" performers

We would look for the atmosphere, spirit and character that pervades the work climate and the values, business principles, and ethical standards that management preaches and practices in identifying a prospective employer's company's culture.

What do you understand about the company's culture?

A company's culture is how we do what we do in the workplace. It’s the sum of our formal and informal systems and behaviours and values, all of which create an experience for our employees and customers. At its core, company culture is how things get done around the workplace. “How” includes both the formal systems and the informal behaviours.

For example, our company may use instant messaging software to communicate throughout the day, and it may also be okay to yell at a coworker to get your point across. Our systems and behaviours give employees the rules of the road for interacting with the business, and each other.

Company culture is often something we can feel, even as an outsider.

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Using your credit card more means your debt will
A. stay the same
B. decrease
C. disappear
D. increase

Answers

Using a credit card will increase your personal debt.

Answer: D. Increase

The following were selected from among the transactions completed during the current year by Danix Co., an appliance wholesale company: Jan. 21 Sold merchandise on account to Black Tie Co., $29,400. The cost of merchandise sold was $17,640. Mar. 18 Accepted a 60-day, 6% note for $29,400 from Black Tie Co. on account. May 17 Received from Black Tie Co. the amount due on the note of March 18. June 15 Sold merchandise on account to Pioneer Co. for $15,700. The cost of merchandise sold was $9,420. 21 Loaned $6,000 cash to JR Stutts, receiving a 30-day, 8% note. 25 Received from Pioneer Co. the amount due on the invoice of June 15. July 21 Received the interest due from JR Stutts and a new 60-day, 9% note as a renewal of the loan of June 21. (Record both the debit and the credit to the notes receivable account.) Sept. 19 Received from JR Stutts the amount due on her note of July 21. 22 Sold merchandise on account to Wycoff Co., $60,000. The cost of merchandise sold was $36,000. Oct. 14 Accepted a 60-day, 6% note for $60,000 from Wycoff Co. on account. Nov. 13 Wycoff Co. dishonored the note dated October 14. Dec. 28 Received from Wycoff Co. the amount owed on the dishonored note, plus interest for 15 days at 12% computed on the maturity value of the note. Required: Journalize the entries to record the transactions. Assume 360 days in a year. If an amount box does not require an entry, leave it blank.Jan. 21-sale Jan. 21-cost Mar. 18 May 17 June 15-sale June 15-cost June 21 June 25 July 21 Sept. 19- note Sept. 22-sale Sept. 22-cost Oct. 14 Nov. 13 Dec. 28

Answers

The journal entries for the transactions by Danix co during the year, using a 360-day year are as follows:

Jan. 21 Debit Accounts Receivable (Black Tie Co.) $29,400

Credit Sales Revenue $29,400

Debit Cost of Goods Sold $17,640

Credit Inventory $17,640

Mar. 18 Debit Note Receivable (Black Tie Co.) $29,400

Credit Accounts Receivable (Black Tie Co.) $29,400

60-day, 6% note

May 17 Debit Cash $29,694

Credit Note Receivable (Black Tie Co.) $29,400

Credit Interest Revenue $294

June 15 Debit Accounts Receivable (Pioneer Co.) $15,700

Credit Sales Revenue $15,700

Debit Cost of Goods Sold $9,420

Credit Inventory $9,420

June 21 Debit 8% Note Receivable (JR Stutts) $6,000

Credit Cash $6,000

a 30-day, 8% note.

June 25 Debit Cash $15,700

Credit Accounts Receivable (Pioneer Co.) $15,700

July 21 Debit Cash $40

Credit Interest Revenue $40 ($6,000 x 8% x 30/360)

9% Note Receivable (JR Stutts) $6,000

Credit 8% Note Receivable (JR Stutts) $6,000

To record the exchange with a 60-day, 9% note.

Sept. 19 Debit Cash $6,090

Credit 9% Note Receivable (JR Stutts) $6,000

Credit Interest Revenue $90

($6,000 x 9% x 60/360)

Sept. 22 Debit Accounts Receivable (Wycoff Co.) $60,000

Credit Sales Revenue $60,000

Debit Cost of Goods Sold $36,000

Credit Inventory $36,000

Oct. 14 Debit 6% Note Receivable (Wycoff Co.) $60,000

Credit Accounts Receivable (Wycoff Co.) $60,000

Accepted a 60-day, 6%

Dec. 13 Debit Accounts Receivable (Wycoff Co.) $60,600

Credit Interest Receivable $600

Credit 6% Note Receivable (Wycoff Co.) $60,000

Dec. 28 Debit Cash $60,903

Credit Interest Receivable $600

Credit Accounts Receivable (Wycoff Co.) $60,600

Credit Interest Revenue $303

($60,600 x 12% x 15/360) interest for 15 days at 12% computed on the maturity value of the note.

Data Analysis:

Jan. 21 Accounts Receivable (Black Tie Co.) $29,400 Sales Revenue $29,400

Cost of Goods Sold $17,640 Inventory $17,640

Mar. 18 Note Receivable (Black Tie Co.) $29,400 Accounts Receivable (Black Tie Co.) $29,400 60-day, 6% note

May 17 Cash $29,694 Note Receivable (Black Tie Co.) $29,400 Interest Revenue $294

June 15 Accounts Receivable (Pioneer Co.) $15,700 Sales Revenue $15,700 Cost of Goods Sold $9,420 Inventory $9,420

June 21 8% Note Receivable (JR Stutts) $6,000 Cash $6,000 a 30-day, 8% note.

June 25 Cash $15,700 Accounts Receivable (Pioneer Co.) $15,700

July 21 Cash $40 Interest Revenue $40 ($6,000 x 8% x 30/360)

9% Note Receivable (JR Stutts) $6,000 8% Note Receivable (JR Stutts) $6,000

60-day, 9% note

Sept. 19 Cash $6,090 9% Note Receivable (JR Stutts) $6,000 Interest Revenue $90 ($6,000 x 9% x 60/360)

Sept. 22 Accounts Receivable (Wycoff Co.) $60,000 Sales Revenue $60,000

Cost of Goods Sold $36,000 Inventory $36,000

Oct. 14 6% Note Receivable (Wycoff Co.) $60,000 Accounts Receivable (Wycoff Co.) $60,000

Accepted a 60-day, 6%

Dec. 13 Accounts Receivable (Wycoff Co.) $60,600 Interest Receivable $600 6% Note Receivable (Wycoff Co.) $60,000

Dec. 28 Cash $60,903 Interest Receivable $600 Accounts Receivable (Wycoff Co.) $60,600Interest Revenue $303 ($60,600 x 12% x 15/360) interest for 15 days at 12% computed on the maturity value of the note.

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Chester has negotiated a new labor contract for the next round that will affect the cost for their product Coat. Labor costs will go from $2.95 to $3.55 per unit. Assume all period and other variable costs remain the same. If Chester were to absorb the new labor costs without passing them on in the form of higher prices, how many units of product Coat would need to be sold next round to break even on the product

Answers

Based on the fact that Chester decides to absorb the new labor cost, the units needed to breakeven would be 1,566 units.

The current fixed costs are $8,346.

The current contribution margin is $11,401

The units sold are:

= Sales / Selling price

= 30,785 / 16

= 1,924 units

The new contribution margin would be:

= Current contribution margin - Increase in labor costs

= 11,401 - ( (3.55 - 2.95) x 1,924)

= $10,255.60

Breakeven point is:

= Fixed costs / Contribution margin per unit

= 8,346 / (10,255.60÷ 1,924 units)

= 1,566 units

In conclusion, the breakeven point is 1,566 units

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Write four elements of economic objectives of business ?​

Answers

Profitability, Growth, Stability, Efficiency and Survival

Answer:

the person above this is correct

John's uncle donated a truck to his company, John's Corporation. The truck had an original cost of $95,000, a book value of $40,000, and a fair value of $60,000. The journal entry by John's Corporation to record this donated asset will include a:

a. debit Truck for $95,000 and credit Gain for $35,000.
b. debit Truck for $60,000 and credit Gain for $20,000.
c. debit Truck for $60,000 and credit Gain for $60,000.
d. debit Truck for $95,000 and credit Gain for $95,000.

Answers

Based on the information given the appropriate journal entry  by John's Corporation to record this donated asset will include a: c. debit Truck for $60,000 and credit Gain for $60,000.

Since the truck donated to his corporation has a fair value of the amount of $60,000 which is the worth of the truck (assets) which means that the appropriate journal entry to record the transaction will be:

Debit Truck  $60,000

Credit Gain $60,000

(To record asset donated)

Inconclusion the journal entry  by John's Corporation to record this donated asset will include a: c. debit Truck for $60,000 and credit Gain for $60,000.

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Harper Motors sells 32 cars per month at an average price of $24,360. The carrying cost per car is $144 and the fixed order cost is $687. How many orders should the company place per year

Answers

The number of orders that the company should place per year is 6.34 orders.

Economic order quantity (EOQ) = (2* yearly demand*per order fixed cost/carrying cost per unit)^(1/2)

Economic order quantity (EOQ) = (2*(32*12)*687/144)^(1/2)

Economic order quantity (EOQ) = (2*384*4.7708)^(1/2)

Economic order quantity (EOQ) = 60.530772339

Economic order quantity (EOQ) = 60.53

Number of orders to be placed = Yearly demand / EOQ

Number of orders to be placed = (32*12)/60.53

Number of orders to be placed = 6.3439616719

Number of orders to be placed = 6.34 orders.

Therefore, the number of orders that the company should place per year is 6.34 orders.

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20 points to anyone willing to help

Abdul works as a regulator at the Bureau of Consumer Protection. His agency makes sure that consumers are treated fairly. What task might be part of Abdul's job at his agency?
Question 6 options:


drawing up ideas for the new city park


drafting a proposal for the state government budget


recording information about a fraudulent business


meeting with heads of state to discuss trade

Answers

Answer:

it's the second to last one "recording information about a fraudulent business "

Answer:

the answer is c

Explanation:

The trade war between the USA and China has put pressure on the international supply chain. However, it also conditioned for transparency competition in world trade. Please analyse this argument point with agreement or disagreement. An example of the international supply chain is recommended to show for supporting your debated points.

Answers

it helps to you I guess

jas read it

The scope of disaster recovery is ______________ than that of generalized Business Continuity; generalized Business Continuity spans the entire organization, but disaster recovery is said to be ______________. Select one: a. Wider / mission-critical b. Narrower / IT-centric c. Wider / technically prejudiced d. Narrower / peripherally vulnerable

Answers

Based on business management, the scope of disaster recovery is Narrower than that of generalized Business Continuity; generalized Business Continuity spans the entire organization, but disaster recovery is "IT-centric."

What is the Scope of Disaster Recovery?

Scope of Disaster Recovery is a process or related activities that involve the actions performed to recover and protect a company's IT infrastructure when there is a disaster.

The scope of Disaster Recovery is limited to IT-related issues concerning business firms.

Hence, in this case, it is concluded that the correct answer is option B. "Narrower / IT-centric."

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You are starting a family pizza parlor and need to buy a motorcycle for delivery orders. You have two models in mind. Model A costs $8,200 and is expected to run for 7 years; Model B is more expensive, with a price of $13,600, and has an expected life of 9 years. The annual maintenance costs are $760 for Model A and $740 for Model B. Assume that the opportunity cost of capital is 9 percent. Calculate equivalent annual costs (EAC) of each models.

Answers

The equivalent annual costs of each model are as follows:

                                                Model A       Model B

Equivalent annual costs     $2,389.26   $3,008.47

Data and Calculations:

                                              Model A       Model B

Costs of motorcycle              $8,200        $13,600

Expected years of usage      7 years        9 years

Annual maintenance costs    $760          $740

Cost of capital = 9%

Annuity factor                       5.03295        5.99524

PV of annual maintenance  $3,825.04   $4,436.48

Total NPV of costs             $12,025.04  $18,036.48

Equivalent annual costs   $2,389.26  $3,008.47

                          ($12,025.04/5.03295)  ($18,036.48/5.99524)

Thus, the equivalent annual costs of each model are the dividend of the Total NPV costs divided by the Annuity Factor.

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duffy company has a fiscal year ending on september 30, 2020. the adjusted trial balance at the end of the year is as follows: duffy company trial balance (adjusted) 30-sep-20 debit $37,400 $4,200 $6,200 11,000 3,900 70,000 120,000 80,000 18,600 123,500 7,800 18,000 14,400 12,000 21,900 548,900 credit cash inventory supplies accounts receivable prepaid insurance land equipment patent accumulated depreciation – equipment accounts payable mortgage payable (due 2024) interest payable salaries and wages payable unearned rent revenue dividends capital retained earnings, oct 1, 2019 sales revenue rent revenue cost of goods sold depreciation expense insurance expense supplies expense interest expense salaries and wages expense required: a) prepare a classified statement of financial position. b) journalize the closing entries c) prepare a post-closing trial balance $42,000 19,600 79,000 6,000 4,100 4,800 109,700 28,800 240,500 14,400 548,900 (10 marks) (5 marks) (5 mark

Answers

The preparation of a classified statement of financial position (balance sheet), closing entries, and post-closing trial balance is as follows:

a.  Statement of Financial Position (Balance Sheet)

As of September 30, 2020

Assets:

Current Assets:

Cash                                            $37,400

Inventory                                        4,200

Supplies                                         6,200

Accounts Receivable                   11,000

Prepaid Insurance                        3,900    $62,700

Long-term Assets:

Land                                            70,000

Equipment                                120,000

Accumulated Depreciation      (18,600)

Patent                                        80,000

Other assets                               13,800  $265,200

Total assets                                             $327,900

Liabilities and Equity:

Current Liabilities:

Accounts payable                      42,000

Interest payable                          19,600

Salaries and wages payable      6,000

Unearned rent revenue               4,100    $71,700

Long-term Liabilities:

Mortgage payable (due 2024)                 79,000

Total liabilities                                        $150,700

Equity:

Capital                                     109,700

Retained earnings                   67,500 $177,200

Total liabilities and equity                 $327,900

b) Closing Journal Entries:

Debit Sales revenue $240,500

Credit Statement of Financial Performance $240,500

Debit Statement of Financial Performance $123,500

Credit Cost of goods sold $123,500

Debit Rent revenue $14,400

Credit Statement of Financial Performance $14,400

Debit Expenses:

Depreciation Expense $7,800

Insurance Expense $18,000

Supplies Expense $14,400

Interest Expense $12,000

Salaries and Wages Expense $21,900

Credit Statement of Financial Performance $74,100

Debit Credit Statement of Financial Performance $57,300

Credit Retained Earnings $57,300

c) Post-Closing Trial Balance

Account Titles                                 Debit        Credit

Cash                                            $37,400

Inventory                                        4,200

Supplies                                         6,200

Accounts Receivable                   11,000

Prepaid Insurance                        3,900

Long-term Assets:

Land                                            70,000

Equipment                                120,000

Accumulated Depreciation                         $18,600

Patent                                        80,000

Other assets                               13,800

Accounts payable                                        42,000

Interest payable                                           19,600

Salaries and wages payable                        6,000

Unearned rent revenue                                 4,100

Mortgage payable (due 2024)                  79,000

Capital                                                       109,700

Retained earnings                                     67,500

Totals                                  $327,900  $327,900

Data and Calculations:

Trial Balance

Cash                                            $37,400

Inventory                                        4,200

Supplies                                         6,200

Accounts Receivable                   11,000

Prepaid Insurance                        3,900

Land                                            70,000

Equipment                                120,000

Patent                                         80,000

Other assets                               13,800

Accumulated Depreciation- Equipment $18,600

Cost of goods sold                  123,500

Depreciation Expense                7,800

Insurance Expense                   18,000

Supplies Expense                     14,400

Interest Expense                      12,000

Salaries and Wages Expense 21,900

Accounts payable                                    42,000

Mortgage payable (due 2024)                79,000

Interest payable                                       19,600

Salaries and wages payable                    6,000

Unearned rent revenue                            4,100

Dividends                              4,800

Capital                                                   109,700

Retained earnings, Oct. 1, 2019            15,000

Sales revenue                                    240,500

Rent revenue                                        14,400

Totals                           $548,900   $548,900

Statement of Financial Performance (Income Statement)

For the year ended September 30, 2020

Sales revenue                       $240,500

Cost of goods sold                  123,500

Gross profit                             $117,000

Rent revenue                             14,400

Total income                          $131,400

Expenses:

Depreciation Expense               7,800

Insurance Expense                   18,000

Supplies Expense                     14,400

Interest Expense                      12,000

Salaries and Wages Expense 21,900

Total Expenses                      $74,100

Net Income                           $57,300

Statement of Retained Earnings:

Retained earnings, Oct. 1, 2019  $15,000

Net income                                    57,300

Dividends                                       (4,800)

Retained earnings, Sept. 30,    $67,500

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What is one major measure of economic growth?

Answers

Answer:

yo mama

Explanation:

yo mama's so ugly, she made a blind kid cry.

An asset was acquired on October 1, 2021, for $78,000 with an estimated five-year life and $13,000 residual value. The company uses units-of-production depreciation and expects the asset to produce 20,000 units. Calculate the gain or loss if the asset was sold on March 31, 2024, for $58,000. Actual production was: 2021 = 500 units; 2022 = 3,000 units; 2023 = 3,500 units; 2024 = 1,000 units.

Answers

Based on the information given  the gain or loss if the asset was sold on March 31, 2024 is $6,000 gain.

Depreciation per units= (Original cost - Residual value) ÷ (Estimated production units)

Depreciation per units= ($78,000 - $13,000) ÷ 20,000 units

Depreciation per units= $65,000 ÷ 20,000 units

Depreciation per units= $3.25 per units

Accumulated depreciation=(500 units × $3.25)+( 3,000 units × $3.25)+(3,500 units × $3.25)+( 1,000 units × $3.25)

Accumulated depreciation= $1,625 + $9,750 + $11,375 + $3,250

Accumulated depreciation= $26,000

Book value= Acquired value of an asset - Accumulated depreciation  

Book value= $78,000 - $26,000

Book value= $52,000

Gain or Loss= Sale value - Book value

Gain or Loss= $58,000 - $52,000

Gain or Loss= $6,000 gain

Inconclusion the gain or loss if the asset was sold on March 31, 2024 is $6,000 gain.

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Thaddeus is eighty-two years old and lives by himself in his rent-stabilized apartment. He is on a fixed income and has no family. He purchased a set of premium cast-iron cooking pots after meeting Henry, a salesperson, at the supermarket. Thaddeus signed the contract in the coffee shop next door after the two men left the supermarket. The cooking pot set cost $2,400 and is payable in 24 equal monthly installments. The same set retails for $1,000 elsewhere. The next day, Thaddeus decides that he cannot afford the cooking pot set.
a. The circumstances surrounding the transaction would be considered by the court, including the bargaining power of the parties.
b. The doctrine of unconscionability would probably allow Thaddeus to be released from his obligation.
c. The contract unreasonably favors Henry.
d. All of the above.

Answers

D all the above trust

The doctrine of unconscionability would probably allow Thaddeus to be released from his obligation. Option (b) is correct.

What do you mean by Transaction?

An executed contract between a buyer and a seller to trade goods, services, or financial assets in exchange for money is known as a transaction. The phrase is also frequently used in business accounting.

The exploitation component—where the stronger party takes use of the weaker party's weakness with real or constructive awareness of that weakness—is the foundation of the notion of unconscionability.

Exculpatory clauses and disclaimers / restrictions of warranty responsibility are two common categories of possibly unconscionable clauses. Exculpatory clauses absolve a party from responsibility for harms that they inflict.

Therefore, Option (b) is correct.  The doctrine of unconscionability would probably allow Thaddeus to be released from his obligation.

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#SPJ2

Debentures are paid back only when the company goes into liquidation

Answers

Answer:

true

Explanation:

because hes force for paiying beacause

because the company goes to liquidation

Paul Scott has a 2014 Cadillac that he wants to update with a satellite-based emergency response system so that he will have access to roadside assistance should he need it. Adding this feature to his car requires a flat fee of $500, and the service provider requires monthly charges of $20. In his line of work as a traveling salesperson, he estimates that this device can save him time and money, about $35 per month. He plans to keep the car for another 3 years.

Required:
a. Calculate the breakeven point for the device in months.
b. Based on a, should Paul have the GPS system installed in his car?

Answers

Answer to part A:

Cost incurred = $500

Monthly Charges = $20

Savings per month = $35

Net Savings = $35 - $20 = $15

Breakeven point for the device in months

= Point where there is no profit or loss

= Number of months required to get the investment back

= Investment / Net Savings per month

= $500 / $15

= 33.33 months

Answer to Part B:

As the investor wants to keep the GPS system for 3 years,

Profit = (36 months - 33.33 months) * net savings

= 2.67 * $15

= $ 40

As the investor is able to earn profits from GPS system, he should install it in his car.
You can ask the questions at kahoo, com and if they are still in there please send them a message o

The data given below are from the accounting records of the Kuhn Corporation:
Net Income (accrual basis) $45,000
Depreciation Expense $9,000
Decrease in Accounts Payable $2,500
Decrease in Inventory $3,000
Increase in Bonds Payable $10,000
Sale of Common Stock for cash $30,000
Increase in Accounts Receivable $4,500
Based on this information, the net cash provided by operating activities using the indirect method would be:__________.
a. $55,000
b. $58,000
c. $50,000
d. $60,000

Answers

The net cash provided by operating activities using the indirect method would be:  c. $50,000.

Net Cash From Operating Activities

Net income $45,000

Depreciation expense $9,000

Decrease in accounts payable ($2,500)

Decrease in inventory $3,000

Increase in accounts receivable ($4,500)

Net cash provided by operating activities $50,000

Inconclusion the net cash provided by operating activities using the indirect method would be: c. $50,000.

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