Jeanine is planning on making her first million dollars before she reaches 25 years of age. though still in high school, she subscribes to the wall street journal, carries a brief case, and invests her allowance with a stockbroker. moreover, she insists on wearing business suits everyday to school. Jeanine is thoroughly engaged in entrepreneurship.
Entrepreneurship is the process of creating or starting something new, and assuming the associated risks and rewards. Entrepreneurs are the individuals who identify a need in the market and develop a product or service to fulfill that need, investing time, money, and other resources in the process.
According to the given scenario, Jeanine is interested in making her first million dollars before she reaches 25 years of age. She subscribes to the Wall Street Journal, invests her allowance with a stockbroker, and carries a briefcase. Moreover, she insists on wearing business suits every day to school. This all shows that Jeanine is engaged in entrepreneurship as she is passionate about building her own business and making a mark in the business world.
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on the basis of theory and empirical evidence, economists have reached several conclusions about economic growth. which of the following is not one of these conclusions? a. a relatively simple way to increase growth rates permanently is to increase a country's saving rate. b. well-established property rights that are enforced by fair and efficient courts are important to economic growth. c. countries with few domestic natural resources still have opportunities for economic growth. d. growth is generally inhibited rather than promoted by policies like protective tariffs.
The statement that is not the conclusion of economic growth is countries with few domestic natural resources still have opportunities for economic growth. (option c).
The conclusion is that well-established property rights that are enforced by fair and efficient courts are crucial for growth.
Contrary to popular belief, countries with few domestic natural resources can still experience economic growth.
Lastly, economists have found that growth is generally inhibited rather than promoted by policies like protective tariffs.
In conclusion, understanding the various factors that contribute to economic growth is important for high school students to understand.
So, the correct option is (c).
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a firm's reply to customer questions via email would be an example of which component of the value chain?
The component of the value chain that a firm's reply to customer questions via email would be an example of is the Customer Service or Support component of the value chain.
Value creation and consumer delivery occur along the value chain.
The value chain's main goal is to increase product value and lower cost. The value chain includes customer support.
This value chain component ensures customer needs are satisfied efficiently.
It involves answering questions, settling concerns, and helping clients.
Customer service also ensures consumer satisfaction. It boosts firm reputation and consumer loyalty.
The value chain's customer service or support includes email responses to consumer questions.
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in the long run group of answer choices all of the firm's costs are variable costs. all of the firm's costs are explicit costs; there are no implicit costs of production. the firm is more profitable than it is in the short run. the firm's fixed costs are greater than its fixed costs in the short run.
In the long run, all of the firm's costs are variable costs. In this case option A is correct
In the long run, a firm has more flexibility to adjust all of its inputs, including labor, capital, and technology, to optimize its production processes and minimize costs.
As a result, there are no fixed inputs or fixed costs in the long run. Therefore, all of the costs of production are variable costs that can be adjusted by the firm. In contrast, in the short run, at least one input is typically fixed, and some costs, such as rent or salaries, are considered fixed costs that cannot be easily adjusted.
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it is not important that a support agent knows everything but that they know where they can find the answers to the questions that customers may have. what is an area where support agents can look for answers about a network, product or service? group of answer choices blog knowledge base intranet ticketing system
An area where support agents can look for answers about a network, product or service is base intranet. So, correct option is B.
When providing support for a network, product, or service, it is essential for support agents to have access to information that can help them answer customers' questions and resolve issues quickly and effectively.
One area where support agents can find answers is a ticketing system, which is a software tool used to manage customer inquiries and support requests.
A ticketing system allows support agents to log, track, and manage support requests from customers. In addition to capturing details about each request, ticketing systems often include a knowledge base that contains articles, FAQs, and other helpful resources.
This knowledge base can be a valuable source of information for support agents who need to find answers to customers' questions.
Another area where support agents can find answers is an intranet, which is an internal website used by employees to access company information and resources.
An intranet can include information about products, services, and support procedures, as well as training materials and other resources that support agents can use to enhance their knowledge and skills.
Finally, blog knowledge can also be a source of information. Blogs are typically written by experts in a particular industry or field and can provide valuable insights and information that support agents can use to improve their understanding of the products, services, and support procedures they are responsible for.
Therefore, correct option is B.
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which two actions can governments use to intervene in business with the intent of helping firms establish a competitive advantage?
Governments can use various interventions to help businesses establish a competitive advantage. Two common actions are subsidies and protectionist policies.
Subsidies are financial incentives that governments provide to certain industries or firms. These subsidies can take various forms, such as tax breaks, grants, or low-interest loans. By providing financial assistance, governments aim to help firms lower their costs and become more competitive in their industry.
Protectionist policies involve creating barriers to entry for foreign firms or products. Governments can impose tariffs or quotas on imports, which increase the cost of foreign goods or limit the amount that can be imported. This protects domestic firms by reducing competition from foreign firms and making it easier for domestic firms to capture a larger share of the market.
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abc real estate sponsors 35 agents who have a varying degree of experience in real estate. bob jones, the broker for abc real estate, has orally given the agents a list of how he wants the agents to conduct his business. if he actively supervises the agents, has he fulfilled his responsibility under the law?
No, Bob Jones has not fulfilled his responsibility under the law. The law requires that employers provide written job descriptions to their employees.
The law also mandates that companies furnish all workers with documented policies and procedures that they must abide by, including those that address harassment, discrimination, and safe work practises.
Bob Jones may be held responsible for any mistakes or improper actions carried out by his agents in the absence of defined policies and procedures.
Also, Bob Jones ought to have formal agreements with each of his agents outlining the obligations and expectations of their positions. Bob Jones cannot hold his agents to any of the instructions he has given them verbally without a written contract.
In conclusion, in order to ensure that Bob Jones is abiding by his legal obligations, he must give his agents documented job descriptions, policies and procedures, and contracts.
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which statements are true about supply chains? multiple select question. speed within the supply chain is the top consideration for organizations. choice of supply chains minimize all costs. managers must often make trade-offs between efficiency and responsiveness of their supply chains. choice of a supply chain should reflect customer needs.
The true statements about supply chains are managers must often make trade-offs between efficiency and responsiveness of their supply chains and choice of a supply chain should reflect customer needs.
A supply chain is a network of organizations, people, technology, activities, information, and resources involved in the creation and delivery of a product or service to the consumer or customer. A supply chain is a system that allows a company to transform raw materials into finished goods and deliver them to customers. In general, supply chain management includes everything from acquiring the raw materials and goods needed to produce a product or service to delivering it to consumers.There are two true statements about supply chains. One of them is that managers must often make trade-offs between efficiency and responsiveness of their supply chains. The other true statement is that the choice of a supply chain should reflect customer needs.Therefore, option C and D are the correct answer.
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indiana courts may be inclined to view a lease option as a(n) if the contract is not structured and written clearly, properly, and fairly, resulting in tenant eviction delays or denials.
Indiana courts may be inclined to view a lease option as a lease rather than a purchase if the contract is not structured and written clearly, properly, and fairly, resulting in tenant eviction delays or denials.
A lease option is a type of contract that allows a tenant to lease a property with the option to purchase it at a later time. However, if the contract is not structured and written clearly, properly, and fairly, it can lead to confusion and potential legal disputes between the landlord and tenant. In Indiana, courts may view a poorly written lease option contract as a tool for the landlord to delay or deny the tenant's eviction, which can result in further legal complications.
Therefore, it is important for both parties to ensure that the terms and conditions of the lease option contract are clearly stated and agreed upon before signing.
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which of the following costs would continue to be incurred even if a segment is eliminated? multiple choice direct fixed expenses variable cost of goods sold common fixed costs variable selling and administrative expenses
The cost that will continue to be incurred even after a segment has been removed is Common Fixed Costs.
About common fixed costWhen a segment is eliminated, common fixed costs continue to be incurred. Common fixed costs are fixed costs that are not assigned to a particular segment; instead, they are incurred for the organization as a whole.
Fixed expenses are expenses that stay the same regardless of how much revenue the company earns. Fixed costs are constant and not affected by a company's sales level.
Common fixed costs, unlike direct fixed expenses, are incurred for the company as a whole and are not linked to a particular segment. Variable selling and administrative costs and variable cost of goods sold, on the other hand, fluctuate based on the amount of goods produced or sold.
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which of the following statements is correct regarding the depreciable lives of business assets? multiple choice question. the same recovery period (or estimated life) must be used for tax purposes as for financial accounting purposes. for financial accounting, management can choose the estimated life. for tax purposes, congress has set recovery periods for various types of assets. for tax purposes, gaap has predetermined estimated lives. for financial accounting, congress has set recovery periods for various types of assets. for tax purposes, management can choose the estimated life. for financial accounting, gaap has set recovery periods for various types of assets.
The correct statement regarding the depreciable lives of business assets is c) For tax purposes, Congress has set recovery periods for various types of assets.
For tax purposes, the IRS has set recovery periods, also known as depreciable lives, for different types of assets. These recovery periods are based on the asset's useful life and are determined by Congress. The recovery period is used to calculate the depreciation deduction for the asset for each year of its useful life.
The depreciable lives for tax purposes are different from those used for financial accounting, and therefore, the depreciation expense recorded in the company's financial statements may be different from the tax depreciation deduction taken on the company's tax return. It is important for companies to understand the differences in depreciation for tax and financial accounting purposes to properly report their financial results and minimize their tax liabilities.
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The correct question is :
Which of the following statements correctly describes the depreciable lives of business assets?
a) The same recovery period (or estimated life) must be used for tax purposes as for financial accounting purposes.
b) For financial accounting, management can choose the estimated life.
c) For tax purposes, Congress has set recovery periods for various types of assets.
d) For tax purposes, GAAP has predetermined estimated lives.
e) For financial accounting, Congress has set recovery periods for various types of assets.
f) For tax purposes, management can choose the estimated life.
g) For financial accounting, GAAP has set recovery periods for various types of assets.
to increase earnings in the initial years following the purchase of a depreciable asset, would management (a) choose straight-line or double-declining balance, (b) estimate a longer or shorter service life, or (c) estimate a higher or lower residual value?
To increase earnings in the initial years following the purchase of a depreciable asset, management may choose to use the double-declining balance method of depreciation. The correct option is: a.
This method results in higher depreciation expenses in the early years of an asset's life, which reduces taxable income and increases earnings. Additionally, management may estimate a shorter service life for the asset, which also results in higher depreciation expenses and lower taxable income. However, management should not estimate an unrealistically short service life that would result in overstating depreciation expenses and understating the asset's value. Finally, management may estimate a lower residual value, which increases the amount of depreciation expense recorded each year. Correct option: a.
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the values of an organization can be understood more fully by listening to stories known as: group of answer choices a. values stories b. culture stories c. learning stories d. legends
The values of an organization can be understood more fully by listening to stories known as culture stories. Cultural stories are narratives that convey the values, beliefs, and norms of an organization. Here option B is the correct answer.
They help to shape the culture of the organization by providing a shared understanding of what is important and how things should be done. Cultural stories can take many forms, including legends, myths, and anecdotes.
They are often passed down from one generation of employees to the next and can help to create a sense of continuity and shared identity within the organization. Cultural stories play an important role in shaping the culture of an organization.
They provide a shared understanding of the values, beliefs, and norms that guide behavior within the organization. By conveying what is important and how things should be done, cultural stories help to create a sense of continuity and shared identity among employees.
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if the production possibilities frontier shown for arturo is for 100 hours of production, then how long does it take arturo to make one burrito?
We don't know how long it takes Arturo to produce one burrito, despite the fact that the output potential limit shown for Arturo is for 100 hours of production. The frontier of production options only reveals the most possible combos of two products that can be made with the available resources and technology. It does not specify the time or expense needed to manufacture each product.
We need to know the precise manufacturing method and time constraints for creating a burrito to calculate how long it takes Arturo to make one. We'd need to know how long it takes to cook the components, construct the burrito, and package it, for example. We would be able to calculate the overall time needed to create one burrito using this knowledge.
As a result, based purely on the production options horizon, we cannot calculate how long it takes Arturo to make one tortilla without additional knowledge about the particular production method for creating burritos.
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sales less variable cost of goods sold equals group of answer choices contribution margin. manufacturing margin. income from operations. none of these choices are correct.
When you subtract the variable cost of goods sold from the sales, you get the contribution margin (answer choice A). This is the correct answer among the given options.
Sales are the total revenue generated from selling goods or services.Variable cost of goods sold refers to the costs that vary depending on the quantity of goods produced or sold. These include costs such as raw materials, labor, and other expenses directly associated with producing the goods.To calculate the contribution margin, you need to subtract the variable cost of goods sold from the sales. The formula is: Contribution Margin = Sales - Variable Cost of Goods Sold.
The contribution margin represents the amount of money that is left after covering the variable costs. This amount can be used to cover fixed costs and, once those are covered, to generate profit. In summary, when you subtract the variable cost of goods sold from the sales, you get the contribution margin (answer choice A). This is the correct answer among the given options.
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first united pays for an inventory item on day x. on day y, first united receives payment from the customer who purchased that inventory item. the time period between day x and day y is called the:
"First United pays for an inventory item on day X. On day Y, First United receives payment from the customer who purchased that inventory item. The time period between day X and day Y is called the cash cycle."
The cash cycle refers to the time it takes for a business to convert its cash outflows (such as paying for inventory) into cash inflows (such as receiving payment from customers). In this scenario, First United pays for an inventory item on day X, and then receives payment from the customer who purchased that inventory item on day Y.
The period between day X and day Y is the cash cycle. A shorter cash cycle is desirable because it means that a business can quickly replenish its cash reserves and use those funds for other purposes, such as investing in growth opportunities or paying off debt. By effectively managing its cash cycle, a business can improve its cash flow and financial health.
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jack company provides for bad debts expense at the rate of 2% of credit sales. the following data are available for 2013: ch-8-q-106 the allowance for doubtful accounts balance at december 31, 2013, should be group of answer choices $3,000. $27,000. $30,000. $33,000.
The allowance for doubtful accounts balance at december 31, 2013 is $3,000 (option a).
Let's say that Jack Company had $1,000,000 in credit sales for 2013. Using the 2% rate, we can calculate that Jack Company would set aside $20,000 as an allowance for doubtful accounts. If Jack Company had $1,500,000 in credit sales, the allowance would be $30,000.
Based on the information provided in the question, we cannot say for sure. However, we can narrow down the choices. If we assume that Jack Company had at least $1,000,000 in credit sales, then the correct answer would be either $27,000 or $30,000. If we assume that Jack Company had less than $1,000,000 in credit sales, then the correct answer would be $3,000.
So, option (a) is the right choice.
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true or false: the purpose of obtaining an understanding of the company's performance measures is to look for key indicators that may affect the risk of material misstatement.
The statement "the purpose of obtaining an understanding of the company's performance measures is to look for key indicators that may affect the risk of material misstatement." is true because it include unusual fluctuations in financial ratios or significant changes in accounting policies or procedures.
When assessing the performance of a company, it's important to have a clear understanding of its performance measures. These measures can include financial ratios, such as the debt-to-equity ratio or return on investment, as well as non-financial metrics, such as customer satisfaction ratings or employee turnover rates.
However, performance measures can also be used to identify key indicators that may affect the risk of material misstatement. Material misstatement refers to errors or omissions in a company's financial statements that could potentially impact the decisions of stakeholders.
By monitoring these indicators and taking appropriate action, companies can reduce the likelihood of material misstatement and ensure that their financial statements accurately reflect their performance.
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g municipal bonds: multiple choice generally have higher coupon rates than corporate bonds. are rarely callable. are free of default risk. are totally risk free. pay interest that is free from federal taxation.
Municipal bonds are debt securities issued by state and local governments, as well as certain agencies and authorities, to raise funds for various projects and operations.
These bonds are generally considered to be lower risk than corporate bonds because they are backed by the taxing power of the issuing government entity.
Regarding the multiple-choice options, it is important to note that municipal bonds typically have lower coupon rates than corporate bonds, as the lower risk profile translates into lower yields for investors. Additionally, municipal bonds may be callable, which means the issuer has the option to redeem the bond before maturity, and they are not entirely free of default risk, although the likelihood of default is relatively low.
One key advantage of investing in municipal bonds is that the interest paid is generally exempt from federal taxation, making them a popular choice for investors seeking tax-advantaged income.
However, it is important to consider the potential impact of state and local taxes, as well as other factors such as credit quality and liquidity, when evaluating the suitability of municipal bonds for a particular investment portfolio.
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a 5.5 percent $1,000 bond matures in 7 years, pays interest semiannually, and has a yield to maturity of 6.23 percent. what is the current market price of the bond? group of answer choices $959.60 $962.40 $945.08 $947.21 $959.09
The current market price of the bond is $959.09. The correct answer is $959.09.
A bond is a financial instrument that represents debt. When an entity buys a bond, they lend money to the issuer in exchange for a fixed or variable interest rate. Bonds can be bought and sold on various markets, and they mature on a predetermined date. The issuer then pays back the principal of the bond and the interest due at maturity.
The current market price of a bond can be calculated using the following formula:
PV = PMT × [tex]\frac{\frac{1 - 1}{(1+r)^n} }{\frac{r + FV }{(1+r)^n} }[/tex]Where:
PV = Present Value (the current market price of the bond)PMT = the semi-annual interest paymentFV = the face value of the bond (in this case, $1,000)n = the number of semi-annual periods until maturityr = the semi-annual yield to maturity (YTM)In this case, the bond pays interest semi-annually, so there are 14 periods until maturity. The semi-annual interest payment is calculated by taking the face value of the bond ($1,000) and multiplying it by the coupon rate (5.5 percent) and dividing by 2.
The semi-annual interest payment is thus $27.50.
PMT = $1,000 × 5.5% / 2 = $27.50The yield to maturity is 6.23 percent, so the semi-annual yield to maturity is 3.115 percent (6.23 percent divided by 2).
r = 3.115% / 100 = 0.03115The current market price of the bond can now be calculated using the above formula as follows:
PV = $27.50 × [tex]\frac{\frac{1 - 1}{(1+0.03115)^{14})}}{\frac{0.03115 + 1,000 } {(1+0.03115)^{14}} }[/tex] = $959.09Therefore, the current market price of the bond is $959.09.
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a manufacturing company has an unfavorable volume variance. which statement is true? multiple choice question. the company did not reach its predicted operating level. the company exceeded its predicted operating level. the company met its predicted operating level. the actual operating level cannot be determined from this information.
option (a), Volatility in volume is bad for a company that makes items. The business didn't do as well as was expected.
What does a volume variance that is unfavorable mean?Unfavorable volume variance show that the amount of fixed manufacturing overhead costs that had an impact on the manufacturing company's production was lower than what was anticipated or assumed to be the amount of fixed manufacturing overhead costs during a comparable time period.
How may a volume variance be classified as positive or negative?The volume variance is regarded as favorable when fewer units are actually employed than are generally required as raw materials. If more units are consumed than were anticipated, it might be viewed favorably or unfavorably.
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The complete question is:
a manufacturing company has an unfavorable volume variance. which statement is true?
multiple choice question.
(a). the company did not reach its predicted operating level.
(b). the company exceeded its predicted operating level.
(c). the company met its predicted operating level.
(d). the actual operating level cannot be determined from this information.
How do you think the Finance & Accounts department affects the other areas?
in the short run, if average variable costs equal $60, average total costs equal $70, and output equals 100, the total fixed costs should equal group of answer choices $10. $1,000. $5,000. $13,000.
As per the given average, the total fixed costs should equal $1,000 (option b).
To begin with, it's important to understand that in the short run, a firm has both variable costs (costs that vary with the level of output) and fixed costs (costs that do not vary with the level of output).
It's important to note that AFC is constant in the short run because fixed costs do not vary with output. As a result, as output increases, AVC decreases, and ATC initially decreases at a decreasing rate and then increases at an increasing rate. This relationship is known as the short-run cost curve.
In conclusion, if the AVC is $60, the ATC is $70, and the output is 100, the total fixed costs (TFC) can be calculated by multiplying the AFC with the output.
Therefore, TFC = AFC × output = $10 × 100 = $1,000.
Hence, the correct answer is $1,000.
So, the correct choice is (b).
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when your company's ad appears on a popular news website alongside ads from several other companies, what element in the macromodel of the communication process do the other ads represent? question 17 options: messaging noise decoding encoding media
The other ads on the popular news website alongside the company's ad represent the element of media in the macromodel of the communication process. Option E is correct.
In the macromodel of the communication process, there are five key elements: source, message, encoding, media, and decoding. In this scenario, the company's ad represents the source and the message, while the other ads on the same webpage represent the media element. Media refers to the channel or medium through which the message is conveyed from the source to the receiver.
In this case, the media is the news website that hosts the ads. The other ads on the same webpage may create noise or distraction for the audience, but they are not part of the message itself. The decoding element would be the process by which the audience interprets and understands the message conveyed by the ads.
Option E holds true.
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the amount by which consumption spending increases when disposable income increases is called . answer unselected autonomous consumption unselected marginal dissaving unselected the marginal propensity to consume
The amount by which consumption spending increases when disposable income increases is called the marginal propensity to consume.
The marginal propensity to consume (MPC) refers to the fraction of an increase in income that is spent on consumption. In other words, it is the change in consumption divided by the change in income. It measures how much of an increase in income is spent on consumption rather than saving.
In economics, consumption is a component of aggregate demand, which measures the total amount of goods and services demanded by an economy. The marginal propensity to consume is an important concept in Keynesian economics, which emphasizes the role of aggregate demand in driving economic growth and stability.
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each month, nathan attends a meeting of the local chapter of the society for human resource management (shrm). nathan and other human resources professionals volunteer their time to create professional development sessions and networking opportunities that allow them to advance their careers. shrm is probably a(n) organization.
Each month, Nathan attends a meeting of the local chapter of the Society for Human Resource Management (SHRM). Nathan and other human resources professionals volunteer their time to create development sessions
SHRM is probably a professional organization. A professional organization is a nonprofit group that exists to serve the interests of professionals in a specific field. The Society for Human Resource Management (SHRM) is a professional association for human resource professionals. Its mission is to serve human resource management professionals by providing education, research, and networking opportunities. In addition to networking, professional organizations like SHRM offer a variety of benefits to their members, including access to continuing education, job boards, and professional certifications. They also provide members with a platform to advocate for their profession, connect with peers, and stay up-to-date on industry trends and best practices. In conclusion, Nathan attends a meeting of the local chapter of the Society for Human Resource Management (SHRM) each month, and SHRM is probably a professional organization.
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during its first year of operations, the mccormick company incurred the following manufacturing costs:direct materials $ 4 per unitdirect labor $ 2 per unitvariable overhead $ 3 per unitfixed overhead $ 160,000 per yearthe company produced 20,000 units, and sold 15,000 units, leaving 5,000 units in inventory at year-end. what is the value of ending inventory under absorption costing?
The value of ending inventory under absorption costing is $85,000.
To find the value of ending inventory under absorption costing for McCormick Company, we need to follow these steps:1. Calculate the total cost per unit: Add the direct materials, direct labor, and variable overhead costs per unit.
Direct materials: $4 per unit
Direct labor: $2 per unit
Variable overhead: $3 per unit
Total variable cost per unit: $4 + $2 + $3 = $9 per unit
2. Calculate the fixed overhead cost per unit: Divide the total fixed overhead costs by the number of units produced.
Fixed overhead: $160,000 per year
Units produced: 20,000 units
Fixed overhead cost per unit: $160,000 / 20,000 = $8 per unit
3. Calculate the total cost per unit under absorption costing: Add the total variable cost per unit and the fixed overhead cost per unit.
Total cost per unit under absorption costing: $9 (variable cost) + $8 (fixed cost) = $17 per unit
4. Determine the ending inventory: Multiply the total cost per unit under absorption costing by the number of unsold units (units in inventory).
Units in inventory: 5,000 units
Value of ending inventory: 5,000 units * $17 per unit = $85,000
The value of ending inventory under absorption costing for McCormick Company is $85,000.
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negligent hiring is the liability an employer may incur when a company keeps persons on the payroll whose records indicate a strong potential for wrongdoing and fails to take steps to defuse a possibly violent situation. group of answer choices true false
Negligent hiring is the liability an employer may incur when a company keeps persons on the payroll whose records indicate a strong potential for wrongdoing and fails to take steps to defuse a possibly violent situation. true
Negligent hiring is a legal concept that holds an employer responsible for the actions of their employees if the employer knew or should have known that the employee was not suitable for the job. This liability can arise when an employer keeps persons on the payroll whose records indicate a strong potential for wrongdoing, such as a history of criminal behavior or violent tendencies, and fails to take steps to prevent harm to others.
To avoid negligent hiring claims, employers must conduct thorough background checks and provide adequate training and supervision to employees. Employers may also be held liable for negligent retention if they continue to employ an individual who has exhibited dangerous behavior or engaged in misconduct.
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todd foley is applying for a $100,000 mortgage on a home that he agreed to buy for $150,000. on a 30-year fixed rate mortgage he can get a $800 monthly payment for principal and interest and no points, or a $700 monthly payment with 2 points. how many months will it take todd to cover the cost of the discount points if he takes the lower monthly payment?
The number of months it will take Todd to cover the cost of the discount points if he takes the lower monthly payment is 20 months.
To calculate how many months it will take Todd to cover the cost of the discount points if he takes the lower monthly payment, follow these steps:1. Calculate the cost of the discount points:
Since Todd is applying for a $100,000 mortgage, and each point is worth 1% of the mortgage amount, 2 points will cost him 2% of $100,000, which is $2,000.
2. Determine the monthly payment difference:
The difference between the two monthly payments is $800 (no points) - $700 (2 points) = $100.
3. Calculate the number of months to cover the cost:
Divide the cost of the discount points by the monthly payment difference: $2,000 / $100 = 20 months.
It will take Todd 20 months to cover the cost of the discount points if he takes the lower monthly payment.
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when a customer reveals confidential information about a competitor to a salesperson, the preferred course of action is for the salesperson to:
The preferred course of action for a salesperson when a customer reveals confidential information about a competitor is to not use that information to gain a competitive advantage.
The salesperson should maintain ethical standards and protect the confidentiality of the information, and not disclose it to anyone else within their organization or to others outside the organization. The salesperson can politely inform the customer that they cannot use confidential information for competitive purposes and try to redirect the conversation to the benefits of their own products or services. It is important for the salesperson to maintain trust with the customer and not engage in unethical behavior that could harm their own reputation or the reputation of their company.
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when there is an inflation tax, select an answer and submit. for keyboard navigation, use the up/down arrow keys to select an answer. a everybody loses. b all individuals in an economy feel the pressures equitably. c there is a redistribution of income from owners of real assets to income earners. d there is a redistribution of income from currency holders to owners of real assets. e the government has a lot of debt to repay.
When there is an inflation tax, there is a redistribution of income from owners of real assets to income earners. So, the answer is (c)
Inflation tax is the tax on the purchasing power of currency due to inflation. Inflation erodes the real value of money and reduces the purchasing power of an individual's savings, particularly of those holding a fixed amount of cash.
This creates a redistribution of wealth from currency holders to those who own real assets like real estate, stocks, and commodities whose prices increase with inflation.
As the prices of these assets increase, the owners of these assets benefit from the inflation while the currency holders face a decrease in purchasing power.
Therefore, inflation tax imposes a burden on those who save their money in cash or low-yield investments and benefits those who own real assets. This results in a redistribution of income and wealth from one group to another.
So, the correct answer is (c).
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