In this scenario, Darrell owns a piece of land that has a mortgage on it held by First National Bank. Darrell agrees to sell the land to Paul for $50,000, and they both go to the bank to discuss the sale.
How to reach agreement in this case?They reach an agreement, and all three parties sign a document stating that Paul will take over the mortgage, and Darrell will be released from any further liability on the mortgage.
This means that Paul will now be responsible for making the mortgage payments to the bank, and Darrell will no longer have any legal obligation to do so.
The agreement also ensures that the bank will continue to receive payments on the mortgage, and the transaction can proceed smoothly.
By assuming the mortgage, Paul is essentially taking over the loan and its repayment terms, and the property will be transferred to him upon completion of the sale.
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Sylvester is 57 and his company is downsizing. He knows that his position is one that will be cut so he has started to prepare his resume to look for a new job. Hunter tells him not to bother, as he will not get another job, at least not one that is equivalent to his current job. He tells Sylvester that things have changed since Sylvester went to college and that he couldn’t realistically offer too much in the workforce today. Hunter is demonstrating a(n)
Answer:Age Stereotype
Explanation:
Are any of y'all furries just wondering?
comment below :)
Answer:
Lol yep I’m a furry
Explanation:
Answer:
no
Explanation:
but there's no reason to be rude to them for just doing what they find fun :))
Income & Expenses sheet:
1. Calculate January’s Utilities expenses (B10) by multiplying the Sales Income (B6) by the Utilities % (B18)
under the assumptions heading. Remember to use Absolute and Relative referencing. Copy this
function across row 10 for February through December. (If you end up with any 0’s, you didn’t use the
correct absolute and relative referencing in your formula).
2. Calculate January’s Rent expenses (B11) using the above directions except using the Rent % (B19)
under assumptions and copy across row 11 through December.
3. Calculate January’s Staff expenses (B12) using the above directions except using the Staff % (B20)
under assumptions and copy across row 12 through December.
4. To calculate January’s Staff Bonuses (B13), use the IF function to compare January’s Income (B6) with
the Target for Bonus value in assumptions (B21). If they have met or exceed the target, then they will
get a bonus (multiplying the Bonus % under assumptions (B22) with the Income (B6). If they don’t
meet or exceed the target, they get $0. Be sure to use absolute and relative referencing. Copy this
function across through December. Note, you will get some cells with 0’s.
Payment Calculator sheet
1. In cell D7, use the function which will calculate the payment the customer will owe each month
(display the payment as a positive value).
2. Complete the two variable data table in cells F5-K20 which shows the payment based upon the number
of months by interest rate (Note, you must use the Data Table tool in Excel – there will be no
duplicated values in the Data Table. If there are then your data table is incorrect. You can highlight
cells G6 – K20 and press the Delete key to try it again. If it isn’t responding, press the Esc key once or
twice, then try again).
3. In cell D7, perform "Goal Seeking" to keep the monthly payment at $3,800 by changing the Sales Price.
Accept the goal seeking changes. Copy and paste the new Sales Price in cell B5 to cell B12 (to store for
later).
4. Change the Sales Price (B5) back to $987,000. (Note, when you do this, cell B12 should not change to
$987,000)
1. To calculate the Utilities expenses for each month (January through December), multiply the Sales Income by the Utilities % and use Absolute and Relative referencing.
2. Similarly, calculate the Rent expenses by multiplying the Sales Income by the Rent % and copy the formula across the months.
3. Calculate the Staff expenses by multiplying the Sales Income by the Staff % and copy the formula across the months.
4. Use the IF function to calculate Staff Bonuses. If the Income meets or exceeds the target, multiply it by the Bonus %; otherwise, the bonus is $0. Copy this formula across the months.
To create an Income & Expenses sheet, you need to perform several calculations. In the first step, you calculate the Utilities expenses for each month. To do this, you multiply the Sales Income by the Utilities %, using Absolute and Relative referencing. Absolute referencing ensures that the Utilities % remains constant while copying the formula across different cells, while Relative referencing adjusts the Sales Income for each month accordingly.
Next, you calculate the Rent expenses by following the same method as above, but using the Rent % instead. Copy the formula across the months to calculate Rent expenses for each month.
Similarly, calculate the Staff expenses by multiplying the Sales Income by the Staff %. Use the Absolute and Relative referencing to ensure accurate calculations across the months.
Finally, to calculate the Staff Bonuses for January through December, you utilize the IF function. Compare January's Income with the Target for Bonus value. If the Income meets or exceeds the target, multiply it by the Bonus % to calculate the bonus amount. If the target is not met, the bonus is $0. Copy this formula across the months to calculate Staff Bonuses for each month.
By following these steps and utilizing the appropriate referencing techniques, you can accurately calculate the various expenses and bonuses for each month.
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What are the costs of “freebie” items?
Answer:
The costs of a “freebie” item includes resources to make, a person's labor, and the cost to the store to offer it to us as free.
Explanation:
Answer:theres no cost its a freebie
Explanation:
What will happen to the market for video games if consumer income drops?
A. Graph 1
B. Graph 2
C. Graph 3
D. Graph 4
Answer:
a
Explanation:
what statement best illustrates an example of economic specialist
Witch of the following is a current asset?
A- Employee
B- Land
C- Supplies
D- Mortage
A company acquires land for $150,000 cash. Additional costs are as follows: Removal of shed, $200 Filling and grading, $2,000 Salvage value of lumber of shed, $80 Broker commission, $5,000 Paving of parking lot, $15,500 Closing costs, $1,200. The company should record the acquisition cost of the land as
The company should record the acquisition cost of the land as: $150,000 (cash paid) + $200 (removal of shed) + $2,000 (filling and grading) + $1,200 (closing costs) = $153,400.
The acquisition cost of the land should include all costs that are directly related to its acquisition and preparation for its intended use.
In this case, the company paid $150,000 cash to acquire the land, and additional costs of $200 for the removal of the shed, $2,000 for filling and grading, and $1,200 for closing costs should be included in the acquisition cost.
However, the salvage value of the lumber of the shed and broker commission are not considered part of the land acquisition costs since they are related to the disposal of the shed and the services of a broker, respectively. The cost of paving the parking lot is considered a cost related to improving the land, but it is not part of the land acquisition cost since it is considered a separate asset.
Therefore, the company should record the acquisition cost of the land as:
$150,000 (cash paid) + $200 (removal of shed) + $2,000 (filling and grading) + $1,200 (closing costs) = $153,400.
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A tractor for over the road hauling is purchased for $ 90,000. It is expected to
be of use to the company for 6 years, after which it will be salvaged for $ 4,000.
Calculate the depreciation deduction and the unrecovered investment during each year of the tractor’s life
a. use straight line depreciation
b. Use declining balance depreciation sing a rate that ensures the book value equals the salvage value
c.Use double declining balance depreciation
d.Use double declining balance switching to straight line depreciation
The depreciation deduction and unrecovered investment for each year of the tractor's life using different depreciation methods are as follows:
a. Straight line depreciation:
Depreciation deduction per year = (Initial cost - Salvage value) / Useful life
Unrecovered investment per year = Initial cost - Accumulated depreciation
b. Declining balance depreciation (book value equals salvage value):
Depreciation deduction per year = Book value at the beginning of the year * Declining balance rate
Unrecovered investment per year = Initial cost - Accumulated depreciation
c. Double declining balance depreciation:
Depreciation deduction per year = Book value at the beginning of the year * Double declining balance rate
Unrecovered investment per year = Initial cost - Accumulated depreciation
d. Double declining balance switching to straight line depreciation:
Depreciation deduction per year = Calculated using double declining balance until the straight line rate is greater than the double declining balance rate, then switch to straight line depreciation
Unrecovered investment per year = Initial cost - Accumulated depreciation
a. Straight line depreciation evenly distributes the depreciation expense over the useful life of the tractor. Each year, the same amount is deducted, resulting in a linear reduction in the asset's value. The unrecovered investment decreases gradually over time.
b. Declining balance depreciation front-loads the depreciation expense, with higher deductions in the earlier years. This method aims to reflect the faster wear and tear of the asset in its early life. The unrecovered investment decreases more rapidly in the beginning and then slows down over time.
c. Double declining balance depreciation is an accelerated method that allows for higher deductions in the early years, gradually reducing the depreciation expense in subsequent years. It recognizes the asset's higher utility and higher depreciation during the initial years. The unrecovered investment decreases at a faster pace initially.
d. Double declining balance switching to straight line depreciation combines the advantages of both methods. It utilizes the accelerated depreciation in the initial years and then switches to straight line depreciation when the straight line rate becomes higher than the double declining balance rate.
This ensures a fair and consistent depreciation deduction throughout the asset's useful life. The unrecovered investment decreases accordingly, reflecting the change in depreciation method.
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How does the availability of economic resources in conjunction with the law of diminishing returns affect an entrepreneur's decisions?
Answer: A
Explanation:
According to the law of diminishing returns, the increase in output that results from adding a production factor is smaller. The law of diminishing returns aids the business in determining the ideal amount of output in production. This is so that the producer can determine whether or not the output has reached its maximum potential.
Why is the law of diminishing returns important?Because economists anticipate that a firm's short-run marginal cost curves would slope upward as the number of output units rises, the law of diminishing returns is significant because it forms part of the theoretical framework.
According to the economic theory known as the law of diminishing returns, as an investment in a certain area rises, the rate of profit from that investment can no longer rise if other factors remain constant after a certain point.
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What is the interest on a $4,500 note payable that is due in 3 months with a rate of 9%?
The interest on $4,500 note payable that is due in 3 months with rate of 9% is $101.25.
What is note payable?A note payable refers to a written agreement between a borrower and a lender that outlines the terms of a loan. It is a promise to pay back the borrowed amount along with any interest or fees within a specified time period. Note payable is a type of liability for the borrower, and it appears on the balance sheet as a current or long-term liability, depending on the repayment period. The repayment terms can vary, including interest-only payments, equal payments, or a lump-sum payment at maturity. Note payable is commonly used for short-term loans, such as bank loans, or for long-term loans, such as mortgages. It is important to carefully review and understand the terms of the note payable before agreeing to it, as failure to meet the repayment terms can result in serious consequences.
Principal = $4,500
Rate = 9% (or 0.09 as decimal)
Time = 3/12 (or 0.25 as decimal, since 3 months is quarter of year)
Interest = Principal x Rate x Time
Interest = $4,500 x 0.09 x 0.25
Interest = $101.25
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Cam is moving from her childhood home in scranton, pa to an apartment with her best friend in los angeles. She plans to stay 3-6 months to test whether she likes living on the west coast, and then she may move again. Which of these is the best option for cam when opening a checking account?.
Answer: Open an account at a large national bank with lots of branch locations.
Explanation:
Why is an integrated baseline review important for earned value management implementation?
An Integrated Baseline Review (IBR): Offers a chance to contrast the expectations of the Customer Program Manager(s) with those of the Contractor Program Managers who are actually executing the project.
Why is an integrated baseline review important?The IBR creates a shared knowledge of the baseline for project performance measurement. Through this knowledge, a plan of action for assessing the risks present in the program's performance measurement baseline and the management procedures in use during project execution will be agreed upon.
Oftentimes, businesses undervalue the significance of the IBR because they have never dealt with one or never implemented an Earned Value Management System (EVMS). An IBR: Gives you the ability to compare your expectations with those of the Contractor Program Managers who are really carrying out the project.
What is earned value management?In order to monitor progress against a baseline, identify issues, and anticipate cost (and, to some extent, schedule) at completion, Earned Value Management (EVM), a project performance management technique, integrates cost, schedule, technical scope, and risk.
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Anyone play nitro type
I do, lol
I can friend u if u want?
What is the advantages of using R and RStudio as an statistical tool?
It offers a large range of linear and non-linear models, conventional statistical tests, time series analysis, machine learning capabilities and top-notch visualization techniques.
Why is R appropriate for data analysis?Because it provides static visuals that make high-quality data visualizations, R is frequently used by data scientists to analyze data. Furthermore, the programming language comes with a large collection of interactive visuals that provide quick data analysis of data visualization and representation.
Why is R useful in research?R is a statistical programming language that is open source and free. Data cleaning, statistical analysis, and visualization can all benefit from it. It enhances workflows that call for the usage of additional applications. On the R Project Website, you may read more about the language and discover documentation.
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On january 1st year 1, a company issues $410,000 of 7% bonds
Answer:
The appropriate journal entries to record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021 are:
White Water journal entries
1-Jan-21
Debit Cash $382,141
Credit Discount on Bonds Payable $27,859
($410,000-$382,141)
Credit Bonds payable $ 410,000
30-Jun
Debit Interest Expenses $ 15,286
($382,141 x 8%/2)
Debit Discount on Bonds Payable $736
Credit Cash $14,350
($410,000 x 7%/2)
31-Dec
Debit Interest Expenses $15,315.08
[($382,141 + 736) x 8%/2]
Credit Discount on Bonds Payable $965.08
($15,315.08-$14,350)
Credit Cash $14,350
($410,000 x 7%/2)
yo
which of the following organizational arrangements does not support a company taking a low-cost position? group of answer choices a multi-level structure with several tiers in the management hierarchy. measurement and control systems that focus on productivity and cost containment. a frugal company culture that emphasizes the need to control costs. clear lines of accountability and control. incentive systems that empower employees to suggest and pursue initiatives that are consistent with productivity improvements.
A) Organizational arrangements that include a multi-level structure and numerous tiers in the management hierarchy do not assist a corporation in pursuing a low-cost position.
How does management hierarchy work?An organizational structure that is hierarchical has a pyramid-shaped level of position and ranking or a chain of command. This organizational structure consists of several organizations, each of which is subordinate to another employee with the exception of one, who is typically the president or CEO.
Employees with higher ranks reside on a distinct level, with a single or group at the top and successive tiers of power below them, which are located at the base of the power pyramid. Every level is responsible for the levels under it and answers to the layers above.
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Corey Corporation manufactures joint products W and X. During a recent period, joint costs amounted to $300,000 in the production of 20,000 gallons of W and 60,000 gallons of X. Both products will be processed beyond the split-off point, giving rise to the following data: W X Separable processing costs $ 40,000 $ 160,000 Sales price (per gallon) if processed beyond split-off $ 14 $ 12 The joint cost allocated to W under the net-realizable-value method would be:
Therefore, the joint cost allocated to W under the net-realizable-value method would be $84,000.
Under the net-realizable-value method, the joint cost allocated to each joint product is based on the estimated sales value of the product after it has been processed beyond the split-off point. In this case, the total joint cost is $300,000 and the joint products W and X are produced in quantities of 20,000 gallons and 60,000 gallons respectively.
To allocate the joint cost to each product, we need to calculate the net realizable value of each product. For W, the separable processing cost is $40,000 and the sales price per gallon if processed beyond split-off is $14. Therefore, the net realizable value of W is (20,000 gallons x $14) - $40,000 = $220,000.
To allocate the joint cost to W, we need to calculate the proportion of the total net realizable value that W represents. This is calculated as follows:
W's net realizable value / (W's net realizable value + X's net realizable value)
= $220,000 / ($220,000 + X's net realizable value)
We can solve for X's net realizable value by using the same calculation, but with the given data for X:
X's net realizable value / (W's net realizable value + X's net realizable value)
= $12 per gallon x 60,000 gallons - $160,000 / ($220,000 + X's net realizable value)
Solving these equations simultaneously, we get X's net realizable value = $680,000.
Finally, we can allocate the joint cost to W using the proportion we calculated earlier:
Joint cost allocated to W = Total joint cost x (W's net realizable value / Total net realizable value)
= $300,000 x ($220,000 / ($220,000 + $680,000))
= $84,000
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. Information needed to prepare a balance sheet's Liabilities section is obtained from a work sheet's Account Title column and
Answer:
Information needed to prepare a balance sheet's Liabilities section is obtained from a work sheet's Account Title column and the Balance Sheet Credit column.
Can someone help me??
Answer:
Accuracy and attention to detail, Problem solving and critical thinking skills, Knowledge of programming language .
Explanation:
Hooe it helps..
Where is the main Federal Reserve Bank located?
please mark me brilliance
In March of 2019 PwC concluded their investigation finding a $7.4 billion accounting fraud at Steinhoff International.
1. Please Identification of pertinent key facts and major stakeholders involved in this case.
2. Please Identify the ethical dilemma and link it to relevant theories in this case.(e.g. Kholberg, Kant, Hanneman, Rest, etc.)
3. Please Identify the operational and/or accounting issues in this case
4. Please Identify the alternative options in this case
5. Please Present some recommendations for this case
In the Steinhoff International fraud case, key facts include the discovery of a $7.4 billion accounting fraud in March 2019 by PwC. Major stakeholders involved are the company, its shareholders, employees, and PwC.
The ethical dilemma involves fraudulent financial reporting, which can be linked to Kohlberg's stages of moral development, where the involved parties acted at lower stages prioritizing personal gains. Additionally, Kant's deontological ethics were breached as dishonest actions were taken.
Operational and accounting issues include inaccurate financial statements, manipulation of earnings, and a lack of proper internal controls.
Alternative options include strengthening internal controls, implementing a robust whistleblowing system, and conducting regular independent audits.
Recommendations for this case include improving corporate governance, enhancing transparency, and ensuring strict adherence to ethical principles for all stakeholders.
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A storm will hit a small town soon. Residents are advised to head out to
purchase water, canned food, and other emergency supplies. When residents
go to make their purchases, they notice that the supermarkets have greatly
raised the prices of certain items. Which price strategy is this?
Answer:
Price Gouging!
Explanation:
Price gouging occurs when a seller increases the prices of goods, services or commodities to a level much higher than is considered reasonable or fair. Usually, this event occurs after a demand or supply shock. Common examples include price increases of basic necessities after natural disasters.
When the supermarkets increased prices greatly at such a juncture, this is known as Price gouging.
Price gorging:
Refers to when prices are raised by retailers exorbitantly in response to sudden increase in demand Usually happens during disasters and emergenciesIs usually illegalThe supermarkets is engaging in price gorging by increasing the prices so greatly due to the impending storm. Authorities can come against these supermarkets for this.
In conclusion, the supermarkets are engaging in price gorging.
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Besides individuals, who else pays taxes in our country?
Answer:
Aliens?
Explanation:
HELP PLEASE!!!
1. The Building & Construction encompasses both hands-on vocations and conceptual high-end careers.
True
False
2.
What is the minimum education needed to start a career as a Cabinet maker?
A college diploma in cabinet making
An Associates degree in cabinet making
A Ph.D. in woodworking is required
Only vocational training is needed to start a career as a Cabinetmaker
3. A majority of the careers that require more education also tend to pay a higher salary.
True
False
4. Many careers require some education beyond high school even for entry level positions. The career in Section 3 that is an exception to this is:
Welder
Cabinetmaker
Electrician
Set Decorator
5. The career that encourages obtaining an APTI or CAT certification is
HVAC Installation and Maintenance
Air Pollution Control Manager
Water Quality Specialist
Building Inspector
Answer:
#1 is False
#2 Cabinet makers are not required to have completed formal education related to the trade, but most employers prefer to hire individuals with a minimum of a high school diploma or General Educational Development (GED) credential.
#3 True
Explanation:
A large farm wants to try out a new type of fertilizer to evaluate whether it will improve the farm's corn production. the land is broken into plots that produce an average of 1,215 pounds of corn with a standard deviation of 94 pounds per plot. the owner is interested in detecting any average difference of at least 40 pounds per plot. how many plots of land would be needed for the experiment if the desired power level is 90%
Answer:
sample size, n = 116 land plots
Explanation:
n = sample size = (confidence level² · standard deviation²) / standard error²
assuming that we want a two tailed bell curve, z = 0.1 / 2 = 0.5, so z score = 1.645standard deviation = 94 poundsstandard error = 14.35n = (1.645² · 94²) / 14.35² = 23,910.4369 / 205.953 = 116.1 ≈ 116 land plots
the elements of consideration, in a bilateral contract for a sale of goods, are the sale and the goods. group of answer choices false true
In a bilateral contract for the sale of goods, consideration refers to the exchange of something of value between the parties involved.
Sale: The first element of consideration is the sale itself. This refers to the agreement between the buyer and the seller to transfer ownership of goods in exchange for some form of consideration. The sale establishes the intention of the parties to enter into a contractual relationship.
Goods: The second element of consideration is the goods that are the subject of the contract. Goods typically refer to tangible, movable items that are bought or sold, such as merchandise, equipment, or commodities. The specific nature and description of the goods should be clearly defined in the contract to avoid any ambiguity or misunderstanding.
Consideration is a fundamental requirement for the formation of a valid and enforceable contract. It ensures that each party is giving something of value and creates a mutual obligation to perform their respective duties under the contract. Without consideration, a contract may be considered gratuitous and lacking the necessary elements for enforceability.
It's important to note that these elements of consideration can vary depending on the jurisdiction and specific contractual terms. Legal advice from a qualified professional should always be sought for specific contract-related matters.
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How does a company's rewards system impact its overall
performance?
Customary evaluation and adjustment of the rewards framework based on representative input and execution measurements can advance and optimize its effect on general company execution.
Company's rewards system impact its overall performance in the following ways-
Inspiration and Engagement: An viable rewards framework can spur and lock in workers, driving their commitment and commitment to perform at their best. When representatives are compensated for their accomplishments and commitments, they are more likely to feel esteemed and propelled to surpass desires, coming about in moved-forward execution.Retention and Attraction of Ability: A well-designed rewards framework can offer assistance pull in and hold beat ability inside the organization. Competitive stipend bundles, performance-based rewards, acknowledgment programs, and other rewards can make the company more engaging to potential representatives and increment worker dependability, diminishing turnover rates and guaranteeing a steady and gifted workforce.Objective Alignment and Performance Focus: By connecting rewards to particular execution objectives and goals, a rewards framework can adjust employees' endeavours with the generally vital targets of the company. It energizes representatives to center on key execution pointers and prioritize errands that contribute to the company's victory, driving t progressed execution resultsknow more about company's rewards
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2) suppose a ten-year, $1000 bond with an 8% coupon rate and semiannual coupons is trading for a price of $1034.74. a) what is the bond's yield to maturity (expressed as an apr with semiannual compounding)? b) if the bond's yield to maturity changes to 9% apr, what will the bond's price be?
The bond's YTM increases to 9% APR with semiannual compounding, its price will decrease to $941.47.
To find the bond's yield to maturity (YTM), we can use the present value formula and solve for the discount rate (YTM) that makes the present value of the bond's future cash flows equal to its current price:
The bond's YTM increases to 9% APR with semiannual compounding, its price will decrease to $941.47.
a) PV = \((C / (1+r/2)^{n} ) + (C / (1+r/2)^{n-1} ) +.... + (C + FV / (1+r/2)^{n-1} )\)
PV =1034.74
b) price= \((40 / (1+0.09/2)^{1} ) + (40 / (1+0.09/2)^{2} ) +.... + (40 + 1000 / (1+0.09/2)^{0} )\)
Price = $941.47
Thus, if the bond's YTM increases to 9% APR with semiannual compounding, its price will decrease to $941.47.
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What kind of a credit card can customers with a bad credit history get?
A. One that has a low cash advance fee
B. One with a low annual percentage rate
C. One that's secured by collateral
D. One with no annual fee
Answer:
it’s c
Explanation:
just took the test