The bank can seek a deficiency judgment against B for $11,600, the difference between the total debt owed ($150,400) and the amount the bank recovered from the property sale ($138,800) after deducting the sale costs.
If B owes $145,000 on her mortgage loan and back property taxes of $5,400, and the bank sold the foreclosed property for $140,000 at a sheriff's sale with associated costs of $1,200, the bank can try to recover the balance of what B owes through a process called deficiency judgment. Here's how the calculation would work:
Total debt owed by B = Mortgage ($145,000) + Property Taxes ($5,400) = $150,400.
Total amount recovered by the bank = Sale price ($140,000) - Sale costs ($1,200) = $138,800.
Deficiency amount (what B still owes) = Total debt ($150,400) - Total amount recovered ($138,800) = $11,600.
The bank can seek a deficiency judgment against B for the deficiency amount, which is the difference between the debt owed and the amount recovered from the sale of the property.
You work for a marketing consulting firm. The company has hired two interns for the summer. You have been appointed to mentor Hilary, one of the interns. Hilary is a brilliant young woman, but she has no professional work experience. Her first day on the job, Hilary fires off an unprofessional e-mail to your supervisor, which receives a disappointing response. Recognizing her mistake, Hilary asks you for professional e-mail tips.
A) Resist humor and sarcasm.
B) Be concise.
C) Instantly respond to a sender's message.
D) Care about tone.
Answer:
A, B & D
Resist humor and sarcasm.
Be concise
Care about tone.
Explanation:
E-mail tips to give a new intern should be to resist humor and sarcasm, be concise and care about the tone of the email.
The correct options for professional email tips to provide to Hilary are: A) Resist humor and sarcasm, B) Be concise and D) Care about tone.
Important professional e-mail tips based on the options provided.
A) Resist humor and sarcasm: In a professional setting, humor and sarcasm can often be misinterpreted due to the lack of verbal and non-verbal cues. What may seem humorous or sarcastic to one person might be offensive or confusing to another. It is best to communicate in a clear and straightforward manner to avoid any misunderstandings.
B) Be concise: Professional emails should be concise and to the point. This means including all necessary information without any unnecessary details. Being concise shows respect for the recipient's time and helps ensure that the message is clear and actionable.
D) Care about tone: The tone of an email can significantly impact how the message is received. A professional tone conveys respect and seriousness about the subject matter. It is important to choose words carefully and avoid language that could be perceived as too casual, aggressive, or emotional.
Option C, Instantly respond to a sender's message, is not always practical or necessary. While timely responses are important in a professional setting, it is also crucial to ensure that the response is well thought out and contains all the necessary information. It is better to take a little time to craft a proper response than to reply instantly without due consideration.
Therefore, the best advice for Hilary to improve her professional email communication is to resist humor and sarcasm, be concise, and care about the tone of her emails. These tips will help her to communicate effectively and maintain a professional image in her correspondence.
The Federal Reserve provided a loan to finance J. P. Morgan's purchase of Bear Stearns because Bear Stearns was too: A. interconnected with other banks to let fail. B. important to the check clearing process to let fail. C. large of a holder of U.S. Treasury deposits. D. big to let fail.
Answer:
D) big to let fail.
Explanation:
Once JP Morgan decided to purchase Bear Stearns, the FED agreed to offer JP Morgan a $29 billion credit line against an estimated $30 billion worth of mortgage related assets owned by Bear Stearns.
This was a political decision since the collateral was not really worth $30 billion, a lot of it were just junk securities. But Bear Stearns was viewed as too big to fail, which means that its bankruptcy could cause a ripple effect that could damage the whole economy.
Actually the whole economy was damaged, although those who supported the idea of giving more money to those who ruined you, say that the damage would have been worse if the bailouts hadn't occurred.
Before advertising agencies emerged early advertisers would purchase sections in newspapers and magazines and sell it to various merchants for a profit. These sellers were known as space brokers.
Answer:
True
Explanation:
Space brokers can be considered a primitive type of advertising agent. Space brokers bought space in newspapers in bulk, and therefore received a discount. They assumed the risk of not being able to sell the spaces and lose money while the newspapers benefited from sure sales. When the space brokers sold the space to their clients, they could charge them the normal newspaper rate (without discount) and they would still make money. This is similar to modern day advertising agencies that collect fees from media companies for placing ads.
A central bank that follows a dual mandate A. places equal weight on two coequal objectives. B. will first achieve its primary goal before it pursues it secondary goals. C. mostly uses open-market operations and occasionally uses the discount rate. D. uses open-market operations and discount lending equally. Is it better for an economy to operate under a hierarchical mandate or a dual mandate?
Answer:
A) places equal weight on two coequal objectives.The problem a central bank may have by dealing only with a hierarchical mandate is that it may focus only on that specific goal and not properly take care of other variables; If it focuses only in unemployment, it may increase inflation too much; If it only focuses on inflation, it might increase unemployment.Explanation:
The Federal Reserve's Dual Mandate is to regulate monetary policy in order to foster economic conditions that achieve both stable prices and maximum sustainable employment.
The FED's current dual mandate was given to them by Congress through the Federal Reserve Act of 1977.
Retained earnings $52,000 Accounts Payable $15,000 Supplies 37,000 Common stock 25,000 Equipment 72,000 Note payable (due in 18 months) 35,000 Accounts Receivable 8,600 Interest payable 7,000 Unearned revenue 6,000 Cash 22,400 What is the amount of current liabilities?
Answer:
$22,000
Explanation:
Current liabilities are debts that a company must pay within a twelve month period.
This company's current liabilities are:
Accounts payable $15,000 Interest payable $7,000Total current liabilities = $15,000 + $7,000 = $22,000
Since the note payable is due in 18 months, it is not considered a current liability.
Consider a market with a positive externality. The market will tend to ________ the good because the market participants tend to ignore the ________ of their decision.
Consider a market with a positive externality. The market will tend to under produce the good because the market participants tend to ignore the external benefit of their decision.
Explanation:
If a favourable externality occurs, total social benefit dominates marginal private benefit.
For example, free markets will supply amounts Q at price P when looking at the education market. Including external advantages, economically productive efficiency rises to Q1.
There are less developed and packed with positive externalities than the socially desirable amount. In an unregulated market, where favorable externalities arise, consumers pay lower prices and spend less than the economically productive product.
Final answer:
Consider a market with a positive externality. The market will tend to underproduce the good because the market participants tend to ignore the external benefits of their decision.
Explanation:
Consider a market with a positive externality. The market will tend to underproduce the good because the market participants tend to ignore the external benefits of their decision.
Externalities will generally cause competitive markets to behave inefficiently from a social perspective, absent a mechanism to involve all the affected parties. This is because market transactions reflect only private costs and advantages, not the costs or advantages to third parties.
Governments can intervene by subsidizing positive externalities to encourage more production of the good with beneficial externalities, thereby nudging the market towards a more efficient outcome that incorporates the social benefits in the production decision.
Coverage is open peril on the Jewelers Block Floater but there is no coverage for ___________ unless added as an optional coverage.
A. Loss of market
B. Wear and tear
C. Broken or smashed show windows
D. Off-hours
Answer:
The correct answer is C
Explanation:
Coverage is open peril on the Jewelers Block Floater but there is no coverage for Broken or smashed show windows unless added as an optional coverage.
The show window optional coverage provides theft coverage for articles in a show window if the window is broken or smashed, and different limits apply when the business is open or closed or alarmed or not.
GOOD LUCK
Overton, Inc. had the following transactions in 2017, its first year of operations: • Issued 15,000 shares of common stock. Stock has par value of $0.01 per share and was issued at $39.00 per share. • Earned net income of $300,000. • Paid dividends of $15.00 per share. At the end of 2017, what is total stockholders' equity?
Answer:
total stockholders' equity = $660000
Explanation:
given data
Issued = 15,000 shares
par value = $0.01 per share
issued = $39.00 per share
net income = $300,000
Paid dividends = $15.00 per share
to find out
total stockholders' equity
solution
we get here common stock that is express as
common stock = 15,000 × $39
common stock = $585000
and
dividends is = $15 × 15000
dividends = 225000
so
total stockholders' equity will be
total stockholders' equity = common stock + net income - dividends
total stockholders' equity = $585000 + $300,000 - 225000
total stockholders' equity = $660000
B Corporation has an operating profit margin (EBIT/revenue) of 11%; an asset turnover ratio of 1.2; a financial leverage multiplier of 1.5 times; an average tax rate of 35%; and an interest burden of 0.8. B Corporation’s return on equity is closest to:
Answer:
The return on equity for B corporation is 19.8%
Explanation:
According to the Dupont formula the return on equity is a product of asset turnover ratio , financial leverage and profit margin.
So in order to find the return on equity we have to multiply the profit margin, asset turnover ratio and financial leverage multiplier.
0.11*1.2*1.5= 0.198=19.8%
The return on equity for B corporation is 19.8%
Imagine that Jack and Jill buy $500 worth of milk and $200 worth of crayons and coloring books each year for use in their day-care business. Jack and Jill also hire a day-care attendant at a salary of $14,000 per year. If Jack and Jill sell $100,000 worth of day care to parents each year, what is the contribution to GDP by Jack and Jill's Day Care? A. $114,700 B. $100,700 C. $100,000 D. $700
Answer:
The correct answer is option C.
Explanation:
The GDP of an economy includes only the final goods and services produced in the economy in the given period of time.
In the given example , the day care shows the service provided by Jack and Jill.
The crayons and color books, milk, attendants are all intermediate goods and services.
So their values will not be included in the GDP.
The GDP will only include the value of daycare sold which is $100,000.
Final answer:
The contribution to GDP by Jack and Jill's Day Care, including their expenditures and revenue from services, totals $114,700, which means option A ($114,700) is the correct answer.
Explanation:
The contribution to GDP by Jack and Jill's Day Care is calculated by adding all their expenditures and the salaries paid to their employees to the revenue generated from selling their daycare services. Jack and Jill spent $500 on milk, $200 on crayons and coloring books, and paid a $14,000 salary to their daycare attendant. Their revenue from daycare services is $100,000. Therefore, the total contribution to GDP is the sum of these amounts: $500 (milk) + $200 (crayons and coloring books) + $14,000 (salary) + $100,000 (revenue) = $114,700.
A bulk mail insurance advertising brochure sent by the insurer to every home in one zip code is an example of:_________.
Answer:
direct response marketing
Explanation:
Direct response marketing -
It is the method of sales , which require immediate response and encourages customer to take any action regarding the goods and services , is referred to as direct response marketing.
This method gives instant and quick result and not waiting is required.
Hence, from the given statement of the question, the correct term is direct response marketing.
A bulk mail insurance advertising brochure sent to every home in a zip code is an example of a direct mail advertising campaign, used to inform and persuade individuals to consider insurance products.
The bulk mail insurance advertising brochure sent by the insurer to every home in one zip code is an example of a direct mail advertising strategy. Direct mail involves sending promotional materials directly to a specific group of people to inform them about a product or service, hoping to generate interest or sales. In the context of the insurance company, the goal is often to provide enough compelling information to persuade individuals to consider purchasing insurance policies or learning more about what the company offers. This technique can be particularly effective if the mail content is tailored to appear personally relevant to the recipients, possibly offering them something like money-saving deals or newsworthy updates about insurance options relevant to their area.
A developer would most likely obtain which of the following types of mortgage on a new subdivision?
Answer:
Blanket Mortgage
Explanation:
This type of mortgage would suit developers because of their intention to create many individual parcels out of a large tract of land in order to be resold gradually. Blanket mortgage is a loan type that are used for buying more than one real estate property. This loans are popular with builders and developers because they buy huge lands and sell them in small bits over a period.
You are a CFP® designee who has been approached by the general partner of Beverage King Industries (BKI) to provide financial planning services to the top executives at BKI. Your brother has a ten percent limited partnership interest in BKI. Can you accept this engagement?
A. No, because your integrity is impaired.
B. No, because your objectivity is impaired.
C. Yes, but only after proper disclosure.
D. Yes, because your integrity and objectivity are not impaired; no disclosure is needed.
Answer:
C.
Explanation:
Yes, but only after proper disclosure.
CFP Board designee are individuals who meet and currently holding certifications of CFR Board. Beverages king Industries (BKI) otherwise refers to a client of CFP designee.
For me to accept to provide financial planning services to the top executives at BKI. There must be proper disclosure of my brother's investment at BKI as this is professional service.
Final answer:
A CFP® designee can accept a financial planning engagement with a company in which a relative has an interest, but must disclose the familial connection to the client to maintain objectivity and integrity. Proper disclosure enables the client to make an informed decision on the engagement.
Explanation:
The question regards whether a CFP® designee can accept a financial planning engagement with potential conflict of interest due to a familial connection. In this scenario, the financial planner's brother holds a ten percent limited partnership interest in Beverage King Industries (BKI), the company seeking financial planning services for its top executives.
The correct answer is C. Yes, but only after proper disclosure. The CFP Board's Standards of Professional Conduct require that potential conflicts of interest must be fully disclosed to clients. Once the planner has disclosed the relationship to the general partner and the executives at BKI, they are able to make an informed decision about whether they still want to engage the planner's services.
It is the act of disclosure that preserves the integrity and objectivity of the financial planner. Without disclosure, there would be a question of objectivity since the planner could potentially benefit indirectly through the success of their brother's investment in the company.
a. The regular payback is useful as an indicator of a project's liquidity because it gives managers an idea of how long it will take to recover the funds invested in a project.
b. The regular payback does not consider cash flows beyond the payback year, but the discounted payback overcomes this defect.
c. The discounted payback method recognizes all cash flows over a project's life, and it also adjusts these cash flows to account for the time value of money.
d. The regular payback method was, years ago, widely used, but virtually no companies even calculate the payback today.
e. The regular payback method recognizes all cash flows over a project's life.
Final answer:
The question pertains to the comparison of regular payback and discounted payback methods in business finance, where the latter accounts for the time value of money and all cash flows over the project's life, unlike the regular payback method. Net Present Value (NPV) is highlighted as the most widely used method for investment decisions despite some limitations.
Explanation:
The subject of this question is a business finance concept known as payback period, which is the time taken for a project to recoup its initial investment through its cash flows. Specifically, the question contrasts two methods: the regular payback method and the discounted payback method. The regular payback method calculates the time it will take for the initial investment to be repaid from the project's cash flows, without considering the time value of money. However, it ignores cash flows after the payback period and does not consider the time value of money (TVM). The discounted payback method, on the other hand, takes into account the time value of money by discounting future cash flows to present value before calculating the payback period. This method considers all cash flows over the project's life, adjusted for TVM.
Net Present Value (NPV) is also mentioned in the context as the most prevalent tool for investment decision-making, despite its limitations in certain decision contexts. NPV involves discounting all future cash flows back to their present value and provides a broader evaluation than payback methods, considering the entire lifespan of a project's cash flows.
_____ refer to all of the opportunity costs of using resources that belong to the firm.
Answer: Implicit costs
Explanation: Implicit costs is a form of opportunity costs that is based on resources that is already owned by the firm. They are implicit because the firm already owns them. They form part of opportunity costs because the firm needs to decide how to use them, thus losing out on other ways the firm could have used these resources. It is thus based on internal resources already owned instead of still needing to choose between alternatives to spend on resources externally.
In Texas, which judicial candidate race is considered the most expensive, where candidates are likely to raise over $1 million?
Answer:
Candidates to the Supreme Court of Texas
Explanation:
The Supreme Court of Texas is composed of a chief justice and eight justices. Supreme Court justices are elected for staggered six-year terms, that means that only a fraction of the Court is elected at each election (similar to US Senate). If a justice cannot complete his/her 6 year term, then the governor can designate a justice in order to complete the term (must be ratified by State Congress).
How can you minimize your risks of heart attack and stroke? a. Consume fewer grams of saturated and trans fats. b. Consume more fruits and vegetables and fewer servings of nuts. c. Quit smoking and consume less fish. d. Quit smoking and eat more trans fat. e. Consume more calories and get more exercise.
Answer:
a. Consume fewer grams of saturated and trans fats.
Explanation:
To minimize your risks of heart attack and stroke it is needful to consume less trans fat because eating trans fat is most likely to increase your risk of developing heart disease and stroke.
Saturated fats can also spike the risk of having heart disease because it increases the LDL cholesterol level and by extension the level of likelihood of developing stroke and/or heart disease.
Companies use infographics to provide business customers with detailed discussions of problems and solutions. deliver timely messages to business customers. raise their websites' unpaid search rankings. join a group of customers into a community. grab attention and convey complex information in a simplified form.
Answer:
Companies use infographics to grab attention, convey complex information, in a simplified form. and highlight trends or patterns
Explanation:
Infographics are visual elements that take complex information and make it easy to understand. They also highlight trends or patterns.
Infographics normally consist of images, charts, with little text. Infographics take data-rich concepts and turn them into a visualized story. These stories are rich in images, charts, and varied fonts and colors.
Answer:
Grab attention and convey complex information in a simplified form.
Explanation:
This type is called information infographics which is divided into sections with description header, numbering to give it a design flow for ease of comprehension.
With respect to market segmentation, the 80-20 principle has been applied to segmenting markets based on
Answer:
This principle is based on the idea of Vilfredo Pareto, an Italian economist that stated 80% of the results are concentrated in 20% of the activities executed. In Business, this idea is extrapolated as 80% of results come from 20% of the clients.
Explanation:
Upon the death or disability of a licensed real estate broker who was engaged in a proprietorship or who was the only licensed broker in a corporation or partnership, the estate, an adult family member, or an employee of the licensee conclude the broker’s business for ____ following the death or disability of the broker.
Answer:
180 days following the death or disability of the broker.
Explanation:
According to the real estate regulations, in the event of circumstances such as death or disability of a broker (a person who buys or sells real estate assets for others), an adult family member of the deceased can conclude the broker’s business for 180 days following the death or disability of the broker.
However If there is no adult family member available, then an employee of the deceased broker is selected.
On January 30, 2019, prior to the issuance of its financial statements for the year ended December 31, 2018, Crane declared a 100% stock dividend on its common stock. Net income for 2018 was $1130000. In its 2018 financial statements, Crane's 2018 earnings per common share should be: (rounded to the nearest penny)
Answer:
See below.
Explanation:
Assuming an initial outstanding common shares of 100,000
100% stock dividend means that another 100,000 shares have been issued,
Total outstanding shares then are = 100,000+100,000 = 200,000
Earnings per share = Net Income / Total shares
EPS = 1,130,000 / 200,000
EPS = $5.65/share
You can compute this by inputting any number of shares and increasing the total number by a 100%.
Hope that helps.
Answer:
jnjankdnakmkdamkd
Explanation:
Which of the following terms refers to the online means of communication, conveyance, and collaboration among interdependent and interconnected networks of people, communities, and organizations?a. open data partnershipb. social mediac. synchronous interactiond. asynchronous interaction
Answer:
C. Social media
Explanation:
Social media refers to the online interaction among networks of people, communities and organizations that are connected and dependent on themselves
Which are employed by a service firm and assigned to work at a business or an organization
Answer: Leased employee
Explanation:
Leased employee are employed by a service firm and assigned to work at a business or an organization.
They are contractual employee and paid on the basis of what is deemed in contract.
Under what driving conditions can 2019 Kicks’ available Rear Cross Traffic Alert (RCTA) warn the driver if a vehicle is approaching from either side?
Answer:
While backing up the vehicle.Explanation:
Nissan is a Japanese automobile manufacturing company. Kicks is its subcompact SUV currently in production since 2016. RTCs is a unique feature of this car. It is a driver assist technology, it scans both the rear sides of the car and warns the driver if a vehicle is approaching from either side while parking the vehicle. Others features offered with the car are Automatic Emergency Braking with Pedestrian Detection, Rear Automatic Braking and Blind spot warning, Lane Departure Warning, High Brake Assist
Carlo is a director of Desserts Italiano, Inc. Carlo opposes a tender offer that is in the company's best interest because its acceptance would cost his position as a director. Carlo is most likely liable for a breach of Select one:
a. the duty of loyalty.
b. the duty of care.
c. none of the choices.
d. the business judgment rule.
Coronado Industries has equipment with a carrying amount of $2590000. The expected future net cash flows from the equipment are $2620000, and its fair value is $2039000. The equipment is expected to be used in operations in the future. What amount (if any) should Coronado report as an impairment to its equipment?
Answer:
Nil or Zero impairment
Explanation:
According to IAS 36 impairment of assets, an asset is impaired when the carry amount is lower that the recoverable amount. The recoverable amount is the higher of the value in use or the fair value less cost to sell. The value in use is the present value of the future cash inflows expected from the use of the asset.
Carrying amount = $2,590,000
Fair value = $2,039,000
Expected future net cash flows from the equipment = $2,620,000
The recoverable amount equals expected future net cash flows from the equipment since this is higher than fair value. This is $2,620,000
Since this is higher than the carrying amount and as such, the asset is not impaired.
Coronado report nil as an impairment to its equipment.
Approximately how many free Americans remained loyal to the British during the war? a. 20 to 25 percent. b. 10 to 15 percent. c. 30 to 35 percent. d. 5 to 10 percent. e. 45 to 50 percent.
Answer:
The Correct Option is A: 20 to 25 percent.
Explanation:
In a report by an American historian, it was stated that about 450,000 Americans did not stop being loyal to the British during the revolutionary period. This population represents about 20 percent of Americans having European Origin, or approximately 16 percent of the entire population.
Answer:
a. 20 to 25 percent
Explanation:
The war referred to in this question is the American Revolution and the Free Americans who remained loyal to the British during the war were colonists who were in support of the British and were referred to as Tories or Loyalists.
It is estimated that about 450,000 Americans were loyalists or Tories during the American Revolution. This represented about 20-25% of the Americans who are of the European Origin.
A manufacturer of running shoes is implementing lean operation concepts into their production process. Which critical success factor would assure a smooth transition into the new program?
Answer:
Understand consumers' needs and desires
Explanation:
Lean operation concepts is a Japanese manufacturing concept that tries to eliminate or at least reduce wastes or "muda". Any activity that consumes resources without adding value to the manufacturing or sales processes is considered a waste. The main benefit of lean operations is that companies tend to search and implement continuous improvement. The process itself doesn't stop since companies and their processes continuously evolve or change since consumers' needs also change.
Fiscal policy is defined as changes in federal ________ and ________ to achieve macroeconomic objectives such as price stability, high rates of economic growth, and high employment. Group of answer choices taxes; expenditures taxes; interest rates interest rates; money supply taxes; the money supply
Final answer:
Fiscal policy involves changes in federal taxes and expenditures to achieve key macroeconomic goals. It influences aggregate demand and supply, impacting economic growth and stability. Expansionary and contractionary policies can shift economic output and adjust the pace of economic activities.
Explanation:
Fiscal Policy and Macroeconomic Objectives
Fiscal policy is defined as changes in federal taxes and expenditures to achieve macroeconomic objectives such as price stability, high rates of economic growth, and high employment. It is one of the key tools used by the government to influence the economy and manage the business cycle. When the government alters its level of spending or its tax policies, it impacts aggregate demand and supply, leading to either economic expansion or contraction.
Fiscal policy, by shifting aggregate demand and affecting aggregate supply, plays a crucial role in steering the economic growth over time. If the government increases spending or decreases taxes, it can lead to an expansionary fiscal policy, stimulating economic growth. Conversely, when the government decreases spending or increases taxes, it can result in a contractionary fiscal policy, which can slow down economic growth. These changes are illustrated graphically as shifts in the aggregate supply and demand curves.
Tim and Tammy are updating their financial plan and are concerned that they might not have enough life insurance coverage for their family, which includes two children, ages 4 and 10. They have determined that their annual income is $56,000 and their net worth is now $150,000. What is the amount of life insurance they should carry using the easy method? Multiple Choice $599,200 $274,400 $560,000 $392,000 $56,000
Answer:
$274,400
Explanation:
Data provided in the question:
Annual income of Tim and Tammy = $56,000
Net worth of Tim and Tammy = $150,000
Now,
Using the easy method
Step 1;
Multiply the annual gross income by 70%
⇒ $56,000 × 0.70
⇒ $39,200
Step 2 :
Multiply the above result with 7
⇒ $39,200 × 7
⇒ $274,400
therefore,
we get the amount of life insurance as $274,400