Teresa's transportation deduction based on the standard mileage method is $ 0.56 per business mile.
What is the standard mileage method?In the standard mileage method, keep note of the miles you travel for work throughout the tax year and multiply that total by the standard mileage rate. The normal mileage rate is 58.5 cents per mile for the first half of 2022 and increases to 62.5 cents per mile for the second half.
12,000 miles x 82% = 9,840 miles
9,840 miles x $0.56 = $5,510.4
Teresa's transportation deduction based on the standard mileage method: $5,510.4
Therefore, Teresa's transportation deduction based on the standard mileage method is $0.56 per business mile.
Learn more about standard mileage, here;
https://brainly.com/question/14493178
#SPJ1
Say that bianca has take-home pay of $800, she budgets every cent out at the start of the month, and she then she needs less gas money than expected in august. She no longer spends the full $65 she budgeted there. What should she do with the leftover?.
The leftover amount in any budget is better to invest than to save as investment gives higher returns.
What it means to invest is to make a current financial commitment in the hopes of future growth. The use of capital—such as time, money, effort, etc.—with the hope of receiving a return higher interest than the initial investment is known as investing. Due to their utility in producing future income, bonds, equities, real estate, and alternative assets are all regarded as investments. The market rate of interest has a significant influence on the decisions that manufacturers make on investments, including whether to purchase new machinery. But, for the sake of simplicity, we assume that enterprises intend to invest the same sum each year.
To learn more about investment refer here:
https://brainly.com/question/14682309
#SPJ4
in monopolistic competition, compared to a firm with higher marginal cost, a firm with lower marginal cost will set a____price, produce output, and earn _____profits.
In monopolistic competition, compared to a firm with a higher marginal cost, a firm with a lower marginal cost will set a lower price, produce more output, and earn higher profits.
Why is profit so high in a monopolistic firm compared with a competitive firm?A monopolist's desire to maximize profits is one of its traits. A monopolist can regulate the price and the quantity required because there is no competition in a monopolistic market. By equating a monopoly's marginal cost and marginal revenue, the level of output that maximizes profit can be determined.
The markup is the distinction between the price and the marginal cost. A perfect competition structure has a price that is equal to the marginal cost, hence there is no markup. Although the price is always higher than the marginal cost, monopolistic competition does, however, result in a product markup.
Learn more about the monopolistic competition here:
https://brainly.com/question/29407851
#SPJ1
Presented below is the adjusted trial balance of Sunland Corporation at December 31, 2017. Debit Credit Cash $ ? Supplies 1,560 Prepaid Insurance 1,360 Equipment 48,360 Accumulated Depreciation-Equipment $ 4,360 Trademarks 1,310 Accounts Payable 10,360 Salaries and Wages Payable 860 Unearned Service Revenue 2,360 Bonds Payable (due 2024) 9,360 Common Stock 10,360 Retained Earnings 25,360 Service Revenue 10,360 Salaries and Wages Expense 9,360 Insurance Expense 1,760 Rent Expense 1,560 Interest Expense 1,260 Total $ ? $ ? Additional information: 1. Net loss for the year was $3,580. 2. No dividends were declared during 2017. Prepare a classified balance sheet as of December 31, 2017.
A balance sheet is a financial statement that provides a snapshot of a company's financial position at a particular point in time. It reports the company's assets, liabilities, and equity, which are the resources, obligations, and ownership interests of the company, respectively.
Prepare a classified balance sheet as of December 31, 2017?To prepare a classified balance sheet as of December 31, 2017, we need to categorize the above accounts into the following sections: assets, liabilities, and equity.
Assets:
Cash: ?
Supplies: 1,560
Prepaid Insurance: 1,360
Equipment: 48,360
Less: Accumulated Depreciation-Equipment: (4,360)
Total Assets: ?
Liabilities:
Accounts Payable: 10,360
Salaries and Wages Payable: 860
Unearned Service Revenue: 2,360
Bonds Payable (due 2024): 9,360
Total Liabilities: 22,940
Equity:
Common Stock: 10,360
Retained Earnings: 25,360
Less: Net Loss for the year: (3,580)
Total Equity: 32,140
Total Liabilities and Equity: ?
To complete the balance sheet, we need to find the missing amounts for Cash and Total Assets and Total Liabilities and Equity by solving for them based on the given information and the balance sheet equation:
Total Assets = Total Liabilities + Equity
Total Liabilities and Equity = 55,080 (calculated)
Therefore:
Cash = Total Assets - (Supplies + Prepaid Insurance + Equipment - Accumulated Depreciation-Equipment)
Cash = 55,080 - (1,560 + 1,360 + 48,360 - 4,360)
Cash = 55,080 - 44,800
Cash = 10,280
Total Assets = 55,080 (calculated)
Using the above information, we can now prepare the classified balance sheet as of December 31, 2017 for Sunland Corporation:
Sunland Corporation
Balance Sheet
December 31, 2017
Assets
Cash $10,280
Supplies $1,560
Prepaid Insurance $1,360
Equipment $48,360
Less: Accumulated Depreciation-Equipment ($4,360)
Total Assets $55,080
Liabilities
Accounts Payable $10,360
Salaries and Wages Payable $860
Unearned Service Revenue $2,360
Bonds Payable (due 2024) $9,360
Total Liabilities $22,940
Equity
Common Stock $10,360
Retained Earnings $25,360
Less: Net Loss for the year ($3,580)
Total Equity $32,140
Total Liabilities and Equity $55,080
To know more about balance sheet visit:
https://brainly.com/question/26323001
#SPJ1
9. Sample size for an interval estimate of a population proportion
Suppose the Council of Economic Advisers is conducting a study to estimate the proportion of U.S. households that are eligible for the earned income tax credit. The project manager desires a 0.05 margin of error at 99% confidence. The planning value for p is p* = 0.13.
Use the following Distributions tool to help you answer the question that follows.
To satisfy the desired margin of error, a sample size no smaller than ______ is needed.
A sample size no smaller than 1454 is needed to satisfy the desired margin of error.
What is margin of error?Margin of error is a measure of the uncertainty associated with an estimate of a population parameter, such as a mean, proportion, or percentage. It is typically expressed as a percentage of the estimate and is derived from the standard error of the statistic, the sample size, and the confidence level. Margin of error provides an indication of the range of values that a statistic might have if the same sample were to be repeated multiple times.
The required sample size can be calculated using the formula n = (zα/2/E)2p*(1-p*), where zα/2 is the critical value for a 99% confidence level (2.576), E is the desired margin of error (0.05), and p* is the planning value for the population proportion (0.13). Plugging in the given values, we get:
n = (2.576/0.05)2*0.13*(1-0.13)
n = 1453.9
Therefore, a sample size no smaller than 1454 is needed to satisfy the desired margin of error.
To learn more about margin of error
https://brainly.com/question/30355854
#SPJ1
During 2021, Sleepy rented his vacation home for 75 days and stayed in his vacation home for 25 days. Gross rental income from the property was $10,850. Sleepy incurred the following expenses: mortgage interest, $6,180; real estate taxes, $2,200; utilities, $1,950; maintenance, $750; and depreciation, $4,000. You might find Chapter 6, Example 38 in the textbook helpful in completing this problem!
Using the IRS’s approach, compute:
(1) Sleepy’s net rent income or loss, showing all calculations (his realized amount).
(2) The amount(s), if any, that Sleepy will report on his Schedule A as an itemized deduction.
(3) Any carryover amounts.
Answer:
(1) Sleepy's net rental income or loss can be computed as follows:
Gross Rental Income = $10,850
Expenses:
Mortgage Interest = $6,180
Real Estate Taxes = $2,200
Utilities = $1,950
Maintenance = $750
Depreciation = $4,000
Total Expenses = $15,080
Net Rental Income/Loss = Gross Rental Income - Total Expenses
= $10,850 - $15,080
= -$4,230
Since the net rental income is negative, Sleepy incurred a loss from renting his vacation home during 2021.
(2) Sleepy can report the following expenses as itemized deductions on his Schedule A:
Mortgage Interest = $6,180
Real Estate Taxes = $2,200
(3) Sleepy cannot carry over the rental loss of $4,230 to the next year because he does not meet the income and participation requirements for real estate professionals.
Suppose an economy produces only two goods, consumer goods and capital goods. Its current combination of production involves a higher level of capital goods than consumer goods. Which of the following can be inferred from this current choice on its production possibilities curve? That its ____ choice in production may result in ____ future prospects for economic growth.
Present
Higher
That its Present choice in production may result in Higher future prospects for economic growth.
What impact does a country generating more capital goods have?Consumables are produced by capital goods. When an economy produces more capital goods, it improves its technology and productivity. This implies that it will be able to produce more consumer items in the future at a cheaper cost.
What connection is there between capital and consumer goods?Capital goods are manufactured items that are utilized by a company to create consumer or other capital goods. Consumer goods are things that people buy and utilize. Buildings, equipment, and tools are examples of capital goods.
To know more about economic growth visit :-
https://brainly.com/question/9751211
#SPJ1
cash flows occurring in different periods should not be compared unless:interest rates are expected to be stable.the cash flows occur no more than one year from each other.high rates of interest can be earned on the flows.the cash flows have been discounted to a common date.
Option (d), It is not recommended to compare cash flows from various eras unless the cash flows have been discounted to the same date.
Is a measurement of the present value of a future cash flow or the future value of an investment that is used to compare cash flows over time.Present value (PV) is the current value of a future financial asset or stream of cash flows with a specific rate of return. The present value is calculated by applying a discount rate or the interest rate that could be attained through investing to the future value.
Why does discounted cash flow beat out undiscounted cash flow?Discounted cash flows are highly exact because they take into account the value of time. Undiscounted cash flows are less accurate since they don't account for the value of time.
Learn more about Present value (PV): https://brainly.com/question/16554334
#SPJ1
Which of the following provides protection for and regulates brand names, brand marks, trade names, and trademarks?
a) Sherman Act
b) Clayton Act
c) Robinson-Patman Act
d) Lanham Act
e) Celler-Kefauver Act
The correct answer is d) Lanham Act.
Brand names, brand marks, trade names, and trademarks are protected and governed under the Lanham Act, commonly known as the Trademark Act of 1946. It outlines procedures for the registration and protection of trademarks, and it enables trademark owners to file infringement lawsuits and seek monetary damages, restraining orders, and other forms of redress.
What is the 1890 Sherman Antitrust Act?Antitrust legislation like the Celler-Kefauver Act, the Robinson-Patman Act, the Clayton Act, and the Sherman Act aim to stop monopolies, price fixing, and other unethical commercial practises. Despite the fact that these rules may have unintended effects on branding and trademarks, they do not specifically govern or protect them.
Price fixing and bid rigging are examples of agreements that are prohibited by the Sherman Antitrust Act. So are other agreements that entail the use of power to affect trade. Because of its limitations on corporate mergers and shoddy drafting, which made it difficult for people to comprehend its intended objectives, the Sherman Act did not last very long.
To know more about Sherman Act visit:
brainly.com/question/14435015
#SPJ1
which of the following factors, listed in a situation analysis for a major u.s. auto manufacturer, is the best example of a threat?
A New York law firm has filed a $10 million class action suit against the company on behalf of car owners whose gas tanks exploded is the best example of a threat.
Option C is correct.
What exactly does the term "economic" mean?Economics is the study of scarcity and how it affects the use of resources, the production of goods and services, the growth of production and welfare over time, and a wide range of other complicated issues that are crucial to society.
What is an acceptable definition of economics?Products are materials and goods that satisfy customers' needs and wants. A good could be something tangible, a service, or a combination of the two. If something gives customers an advantage, it might be considered useful.
Incomplete question :
Which of the following factors, listed in a situation analysis for a major U.S. auto manufacturer, is the best example of a threat?
A. The factory that manufactures a new, popular car cannot build enough vehicles to meet the demand, while other factories have excess capacity.
B.Recent consumer studies have indicated that Chinese consumers prefer American cars.
C. A New York law firm has filed a $10 million class action suit against the company on behalf of car owners whose gas tanks exploded.
D. Due to outdated engine technology, the company's cars get lower gas mileage than those of major competitors.
E.The company has lower manufacturing costs than its key competitors, allowing it to sell its cars at low prices.
Learn more about economic :
brainly.com/question/14787713
#SPJ1
Xander has plans to start a tutoring company but is considering asking a former classmate to become a partner in the business. Which of the following is an advantage of partnerships over sole proprietorships that Xander should consider?
Multiple Choice
In partnerships, the owners have access to more funds than in sole proprietorships.
In partnerships, the owners have complete control of the business, whereas in sole proprietorships, they do not.
Partnerships are easy to form, whereas sole proprietorships are not.
In partnerships, all owners have limited liability, whereas in sole proprietorships, they have unlimited liability.
Partnerships make possible the greatest degree of secrecy, whereas sole proprietorships do not.
In partnerships, all owners have limited liability, whereas, in sole proprietorships, they have unlimited liability. Thus, option 'D' is the correct option.
What is a partnership business?By definition, a partnership firm consists of two or more individuals who pool their resources to create a company and agree to split the risks, rewards, and losses. Law companies, medical groups, real estate investment firms, and accountancy groups are typical instances of partnership businesses.
A partnership agreement (or partnership contract) is a legally binding agreement between two or more people or other legal entities with the aim of establishing a business entity. The rights and obligations of each partner or corporation are outlined in this partnership agreement.
Learn more about the partnership here:
https://brainly.com/question/2494726
#SPJ1
100 POINTS HELP Which of the following line items might be on a financial statement of shareholder's equity?
A. Operating cash flow
B. Expenses
C. Withdrawals
D. Liabilities
Answer:
C. WITHDRAWALS
Explanation:
Try to read this and to give you some understanding and answers
Shareholder's equity represents the residual value of a company's assets after all liabilities have been paid off. It includes the initial investment made by the shareholders, as well as any additional contributions, retained earnings, and dividends paid out to shareholders.
Withdrawals, also known as dividends, represent a reduction in the retained earnings of the company and therefore affect the total shareholder's equity. Operating cash flow, expenses, and liabilities are not typically included in the financial statement of shareholder's equity.
Answer and Explanation:
I believe the answer is D. Liabilities but it may be C. Withdrawals
please let me know if me wrong
Suppose a stock had an initial price of $74 per share, paid a dividend of $1.65 per share during the year, and had an ending share price of $83. What was the dividend yield and the capital gains yield? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Dividend yield _______% Capital gains yleld _______ %
The dividend yield and the capital gains yield will be 2.29% and 12.16% respectively.
What is dividend yield?
A share's dividend yield or dividend-price ratio is the dividend per share divided by the share price. It is also the total annual dividend payments of a company divided by its market capitalization, assuming the number of shares remains constant. It's usually expressed as a percentage.
The dividend yield is calculated as follows:-
Dividend Yield(%) = D / P0
Where,
D = Dividend = $1.65
P0 = Initial price of the stock = $74
Dividend Yield(%) = 1.65/74
= 2.29%
The capital gain yield is calculated as:-
Capital Gains Yield(%) = (P1 - P0) / P0
Where,
P1 = Ending price of the share = $83
Capital Gains Yield = (83-74) / 74
= 12.16%
Therefore, the dividend yield is 2.29% and the capital gains yield is 12.16%.
To learn more about dividend yield, click here:
https://brainly.com/question/29308195
#SPJ1
data in a form of a series of letters, numbers, and other characters whose combined meaning does not depend upon a prespecified format or definition of individual items is called
Data in a form of a series of letters, numbers, and other characters whose combined meaning does not depend upon a prespecified format or definition of individual items is called unstructured data.
What is unstructured vs structured data?
Structured data is very specific and is kept in a set format, whereas unstructured data is a collection of many different forms of data that are kept in their original formats. Thus, structured data benefits from schema-on-write whereas unstructured data uses schema-on-read.
Datasets (often enormous collections of files) that aren't stored in a structured database format are simply referred to as unstructured. Although it is not established by data models, unstructured data does have an inherent structure. It could be created manually or automatically, in a textual or non-textual format.
Learn more about unstructured data here:
https://brainly.com/question/28333364
#SPJ1
It is frequently the companies rather than courts or legislatures that are defining the privacy rights of their online users. T/F.
Answer: true
Explanation:
no
external analysis helps a firm understand which of its resources and capabilities are likely to be sources of competitive advantage
The resources and capabilities are likely to be sources of competitive advantage and Internal analysis.
What is Analysis?A thorough investigation of something complex in order to comprehend it or identify its key components: comprehensive research. Conducting a thorough analysis of the issue.
As in the Internal analysis helps a firm interpret which of its resourcefulnesses and capabilities are likely to be sources of competitive asset. As resources and capabilities are likely to be sources of competitive advantage.
Therefore, As a result, the internal analysis is there in the competitive advantage.
Learn more about the Analysis here:
https://brainly.com/question/18723483
#SPJ1
two examples of non tax income
Non-tax income refers to any income that is not subject to taxation. Here are two examples:
1 Interest earned on tax-exempt bonds: Interest earned on certain bonds, such as municipal bonds, is exempt from federal income tax. This means that the income generated from these bonds is not subject to taxation, making it a form of non-tax income.
2 Gifts and inheritance: Money received as a gift or inheritance is not considered taxable income by the recipient. However, the giver or estate may be subject to gift or estate taxes, respectively, if the gift or inheritance exceeds a certain threshold.
_____trade is the economic policy of not discriminating against exports to or imports from foreign countries. multiple choice question. a. restricted b. balanced c. fair
d. free
Free trade is the economic policy of not discriminating against exports to or imports from foreign countries. Thus the correct option is D.
What is Trade?The term "trade" refers to the exchange of goods and services for cash in order to carry out an economic transaction. Trade that crosses international borders is referred to as international trade.
Free trade is a form of economic policy that does not impose import or export restrictions, lowers trade restrictions between nations by wanting to get rid of all or most tariffs, quotas, subsidies, and bans, and strengthens regulations governing things like intellectual property and e-commerce.
Therefore, the option D is appropriate.
Learn more about Free trade, here:
https://brainly.com/question/24572146
#SPJ1
variability provides a quantitative measure of the differences between scores in a distribution and describes the degree to which the scores are spread out or clustered together.
Variability provides a quantitative measure of the differences between scores in a distribution and describes the degree to which the scores are spread out or clustered together. True.
Why variability is important?Variability is significant because it reveals how dispersed or grouped a set of data points is. Numerous fields, such as statistics, economics, and quality control, can benefit from this knowledge. Variability is used to calculate measures of dispersion like variance and standard deviation in statistics and aids in determining the spread of a population or sample. Variability in economics is used to forecast future trends as well as to understand the fluctuations of economic variables like prices and incomes. Variability is used to enhance product quality and lower defects in manufacturing processes by assisting in the identification of the sources of variation.
To Know more about Variability Visit:
brainly.com/question/15740935
#SPJ1
Oakwood Company had accounts receivable of $750,000 and an allowance for doubtful accounts of $21,500 just prior to writing off as worthless a customer's $5,000 account receivable. Calculate the net realizable value of Oakwood's accounts receivable before and after the write off. (Hint: Net Realizable Value of AR Gross AR- Allowance for Bad Debts) Net Realizable Value of Accounts Net Realizable Value of Accounts Receivable before the write off Receivable after the write ott
Net Realisable Value is the difference between an asset's average wholesale cost and all additional expenses that are expected to be paid during its sale (NRV). When valuing goods, NRV is extremely important.
Credit-based purchases produce individual balances. The amount shown on a balance sheet for receivable accounts is its net realisable value, or the amount of cash the business anticipates will be received over time from these accounts, in accordance with U.S. GAAP.
Before the write-off, the accounts receivable's net realisable worth is
750000-21500 = 728500
After the write-off, the account's net realisable worth is
(750000-5000)-(21500-5000) = 728500
To know more about Credit, visit:
https://brainly.com/question/13964348
#SPJ1
Suppose Gilberto requires a 6 percent annualized return on a 26-Week Treasury bill with a $10,000 par value. The price that Bob is willing to pay is: O $8,543.69 O $8,737.87 O $9,320.39 O $9,708.74
Treasury bills or T-bills, which are money market instruments, are short-term debt instruments
What is the meaning of Debt?Debt is an obligation that forces one person, the debtor, to pay another party, the creditor, money, or another agreed-upon value. Debt differs from an immediate purchase in that it requires a deferred payment or series of payments.
The sum that the borrower owes to the lender is the simplest definition of debt. A debt is an amount of money that is borrowed for a specific amount of time and must be paid back together with interest. The borrower's creditworthiness affects both the size and the approval of the debt.
Learn more about Debt here:
https://brainly.com/question/17286021
#SPJ1
identify the population being studied and the sample chosen. the midterm exam scores of 5 out of the 22 students in your economics class.
In the given case, The midterm exam scores of 5 out of the 22 students in your economics class are identified as a sample.
What is the population?The number of individuals that reside in a nation or specific area is referred to as its population. The population will typically be determined based on the local living creatures. For instance, as of 2020, there were 329.5 million people living in the United States.
To use a sample refers to a fraction drawn at unexpected times from a larger whole and assumed to be representative of its qualities in examinations or for gathering data about the entire group.
The midterm exam scores of 5 out of the 22 students in your economics class" is a sample denoting a fraction of students from the whole group.
Learn more about Population, here:
https://brainly.com/question/27991860
#SPJ1
which of the following would result in peer ratings being a successful method of internal assessment in a firm?
There are several factors that can contribute to making peer ratings a successful method of internal assessment in a firm. Some of these factors include: Clear evaluation criteria, Trust and respect among employees, Consistent and fair rating process, etc.
What is Peer Rating?Peer rating is a form of internal evaluation in which coworkers rather than managers or supervisors judge employees. Using this approach, staff members are requested to submit feedback and ratings on the performance of their peers based on predetermined standards set by the company.
Peer rating can be used for a number of things, including gauging communication abilities, teamwork, and collaboration, as well as giving feedback on specific assignments or tasks. Employees are generally asked to rate their coworkers using a scale, such as a numerical rating or a Likert scale, depending on the predetermined standards.
To know more about Peer Rating visit:
brainly.com/question/14667851
#SPJ1
SOMEONE PLEASE HELP THIS IS URGENT
this is the best i could do for you
Explanation:
1.Small Business Administration (SBA) | Entrepreneurs can acquire a loan from SBA by visiting their website, filling out an application form, and submitting it to an SBA-approved lender. The lender will then review the application and make a decision on whether or not to provide the loan. SBA guarantees a portion of the loan, which reduces the lender's risk and makes it easier for entrepreneurs to secure financing.
2.Crowdfunding | Entrepreneurs can acquire a loan from crowdfunding by creating a campaign on a crowdfunding platform and sharing it with their network and the wider public. Backers can then contribute to the campaign and receive rewards in return. Once the campaign has reached its funding goal, the entrepreneur can access the funds and use them to start their business.
3.Angel Investors | Entrepreneurs can acquire a loan from angel investors by pitching their business idea to a group or individual angel investor. If the investor is interested in the idea, they will provide financing in exchange for equity in the company. The entrepreneur will need to negotiate the terms of the investment, including the amount of equity to be given up and the investor's level of involvement in the business.
It is important for an entrepreneur to know how to get the money necessary to start a business because starting a business often requires significant financial resources. Without access to financing, many entrepreneurs may struggle to get their business off the ground or may have to delay their plans until they can secure the necessary funds. Additionally, knowing the different financing sources available can help entrepreneurs make informed decisions about the best way to finance their business and avoid high-interest loans or other unfavorable financing terms.
If a florist uses her credit card to pay for a new window display that costs $1,242 and does not pay on it until the second month, what will the 1. 25% monthly interest charge be at the end of the first month?.
At the end of the first month, there will be a $12.83 interest charge.
I=PRT/100=$1,242*1.25/100*1=$12.83.
Even while some interest rates are relevant over shorter time periods, such a day or a month, they are usually annualized. The interest rate has been referred to as an indicator of the preference for a dollar in the present over a dollar in the future. Borrower is willing to do whatever it takes to get what they want. The interest rate is the amount of interest that is calculated as a percentage of the amount lent, deposited, or borrowed and is due each period. The final amount of interest charged on a money lent or borrowed depends on a number of variables, including the principal, interest rate, frequency of compounding, and term of the loan, deposit, or borrowing. The interest rate that is determined over a year is the annual interest rate.
Learn more about interest rate from
brainly.com/question/25793394
#SPJ4
case study: financing and foreclosure betsy and george swanson had been married several years when they decided to buy their first home. they had four children and both betsy and george had good jobs. george worked for a large corporation and betsy was a school teacher. the economy was doing well at the time and home prices were up. they purchased a new home in mesquite, texas. they received a mortgage for the home with abc mortgage. at closing, they received a general warranty deed from and seller and they signed many loan documents including a note, deed of trust, and a closing statement. during the next three years, the economy declined and home prices were falling. then george learned that his company was moving to indiana. they offered george a promotion and an impressive increase in salary. if he turned it down, he would end up with no job. betsy was trying to think positive about getting another teaching job in indiana. betsy and george made a decision to take the transfer. they immediately put their home on the market. after making the move, they found that rental prices were a little higher than they expected. teaching jobs were hard to get, and betsy was only able to do a little substitute teaching. to make things worse, their home in mesquite had been hard to sell. the swansons still owed a high balance on their mortgage and mesquite was now in a buyers' market. there were a lot of homes on the market. eventually, the swanson's became past due on their mortgage payments for their house in mesquite. abc mortgage tried to work with them but finally decided they would have to foreclose to protect their investment. when the payments were a couple of months delinquent, abc accelerated the note and the trustee posted the property for foreclosure. after the required time frame, the property was sold to a new owner at the foreclosure auction held at the county court house.
Yes, Swanson failed to make the required payments as stated in the note. When they bought this property, they executed a deed of trust that allowed the trustee to carry out a nonjudicial foreclosure.
What benefits do trust deeds have over mortgages?An advantage of a deed of trust over a mortgage, from the lender's standpoint, is quite significant. The trustee has the authority to execute a foreclosure on the asset on behalf of the beneficiary if the borrower fails on the loan.
A deed of trust, also known as a trust deed, is a legal document that is used to create a security interest in real estate in the United States. It essentially transfers legal title to a trustee, who holds the property as security for a loan between a borrower and lender.
To learn more about deed of trust, visit:
https://brainly.com/question/28199842
#SPJ1
The complete question is:
Case study: financing and foreclosure betsy and george swanson had been married several years when they decided to buy their first home. they had four children and both betsy and george had good jobs. george worked for a large corporation and betsy was a school teacher. the economy was doing well at the time and home prices were up. they purchased a new home in mesquite, texas. they received a mortgage for the home with abc mortgage. at closing, they received a general warranty deed from and seller and they signed many loan documents including a note, deed of trust, and a closing statement. during the next three years, the economy declined and home prices were falling. then george learned that his company was moving to indiana. they offered george a promotion and an impressive increase in salary. if he turned it down, he would end up with no job. betsy was trying to think positive about getting another teaching job in indiana. betsy and george made a decision to take the transfer. they immediately put their home on the market. after making the move, they found that rental prices were a little higher than they expected. teaching jobs were hard to get, and betsy was only able to do a little substitute teaching. to make things worse, their home in mesquite had been hard to sell. the swansons still owed a high balance on their mortgage and mesquite was now in a buyers' market. there were a lot of homes on the market. eventually, the swanson's became past due on their mortgage payments for their house in mesquite. abc mortgage tried to work with them but finally decided they would have to foreclose to protect their investment. when the payments were a couple of months delinquent, abc accelerated the note and the trustee posted the property for foreclosure. after the required time frame, the property was sold to a new owner at the foreclosure auction held at the county court house.
Did the Swansons fail to fulfill one of their obligations under the deed of trust?
A) Yes, they failed to pay the debt in accordance with the terms of the note.
B) Yes, they failed to pay all the real estate taxes.
C) Yes, they failed to maintain the property.
D) All of these statements are true.
Consider the market for cars. Which determinant of supply is affected by each of the following events? a. A steel tariff increases the price of steel O Prices of inputs O TechnologyO Prices of related goodsO ExpectationsO Number of sellers
Answer:
Explanation: a. A steel tariff increasing the price of steel affects the determinant of supply related to the cost of production. As the price of steel rises, the cost of producing cars increases, reducing the profitability of producing them. This, in turn, reduces the quantity of cars supplied in the market.
b. Prices of inputs, such as labor or materials, affect the cost of production and therefore the supply of cars. An increase in the prices of inputs increases the cost of producing cars, reducing the profitability of producing them, and resulting in a decrease in the supply of cars.
c. Technological advancements can increase the efficiency of the production process, reducing the cost of producing cars, and resulting in an increase in supply.
d. Prices of related goods, such as trucks or motorcycles, can affect the supply of cars. If the price of trucks increases, for example, car manufacturers may switch to producing trucks instead, reducing the supply of cars.
e. Expectations of future prices or market conditions can affect the supply of cars. If car manufacturers expect prices to rise in the future, they may reduce the supply now and hold onto inventory, anticipating greater profits later.
f. The number of sellers in the market can affect the supply of cars. An increase in the number of sellers can lead to greater competition and more supply, while a decrease in the number of sellers can lead to less competition and less supply.
Consider the following cash flows of two mutually exclusive projects for AZ-Motorcars. Assume the discount rate for AZ-Motorcars is 12 percent.
Year AZM
Mini-SUV AZF
Full-SUV
0 –$ 475,000 –$ 825,000 1 325,000 355,000 2 190,000 430,000 3 155,000 295,000 a. What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places (e.g., 32.16).)Payback period
AZM Mini-SUV years
AZF Full-SUV years
b. What is the NPV for each project? (Do not round intermediate calculations and round your answers to 2 decimal places (e.g., 32.16).)
NPV
AZM Mini-SUV $
AZF Full-SUV $
c. What is the IRR for each project? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places (e.g., 32.16).)
IRR
AZM Mini-SUV %
AZF Full-SUV %
A. The payback period for the AZM Mini-SUV is 2.41 years, and the payback period for the AZF Full-SUV is 2.70 years.
What is payback period ?Payback period is a financial metric used to determine the amount of time required for an investment to recoup its initial costs. It is calculated by dividing the initial cost of the investment by the expected cash flow from the investment, and then subtracting the total cost of the investment from the total cash flow. The payback period is the time it takes for the investment to return the initial cost. It is an important tool used by businesses to assess the feasibility of a potential investment, as it indicates how quickly the investment can be expected to return a profit. Payback periods help businesses make decisions about potential investments, as they can provide an indication of the risk associated with a project.
Payback period for AZM Mini-SUV = ($475,000 - $325,000) / $190,000 = 2.41 years
Payback period for AZF Full-SUV = ($825,000 - $355,000) / $430,000 = 2.70 years
B. The NPV for the AZM Mini-SUV is $44,857.38, and the NPV for the AZF Full-SUV is $41,212.76.
NPV for AZM Mini-SUV = -$475,000 + $325,000 / (1 + 0.12)^1 + $190,000 / (1 + 0.12)^2 + $155,000 / (1 + 0.12)^3
= -$475,000 + $325,000 x 0.893 + $190,000 x 0.797 + $155,000 x 0.712
= -$475,000 + $289,485 + $150,630 + $110,040
= $44,857.38
NPV for AZF Full-SUV = -$825,000 + $355,000 / (1 + 0.12)^1 + $430,000 / (1 + 0.12)^2 + $295,000 / (1 + 0.12)^3
= -$825,000 + $355,000 x 0.893 + $430,000 x 0.797 + $295,000 x 0.712
= -$825,000 + $316,435 + $341,910 + $210,040
= $41,212.76
C. The IRR for the AZM Mini-SUV is 16.55%, and the IRR for the AZF Full-SUV is 17.44%.
IRR for AZM Mini-SUV = 16.55%
IRR for AZF Full-SUV = 17.44%
To learn more about payback period
https://brainly.com/question/23149718
#SPJ1
In the market for gadgets, the supply curve is the typical upward-sloping straight line, and the demand curve is the typical downward-sloping straight line. The equilibrium quantity in the market for gadgets is 320 per month when there is no tax. Then a tax of $6 per gadget is imposed. As a result, the government is able to raise $1,500 per month in tax revenue. We can conclude that the equilibrium quantity of widgets has fallen by a. 70 per month b. 250 per month c. 320 per month d.76 per month
The new equilibrium price is greater than it was before due to the tax, coming in at $18 per item.
How can it be calculated in detail?Using the tax revenue formula, we can get the new equilibrium quantity: Tax revenue is calculated as tax per unit times the quantity sold. We may calculate the new quantity by using the knowledge that the tax per unit is $6 and the monthly tax revenue is $1,500:
$250 x $6 multiplied by $1,500
The new equilibrium quantity is 250 items per month as a result. From the initial equilibrium quantity of 320 devices each month, this represents a reduction of 70 devices per month.
Hence, a. 70 per month is the right response.
To learn more about equilibrium visit here:
https://brainly.com/question/30694482
#SPJ1
______ are often of high quality but are difficult to attract through conventional recruiting methods and can be more costly to hire than other types of job seekers.
Highly skilled or specialized professionals are often of high quality but are difficult to attract through conventional recruiting methods and can be more costly to hire than other types of job seekers.
Who are Highly Skilled Professionals?Those having advanced knowledge, expertise, and specific abilities in a given subject or industry are known as highly skilled professionals. These specialists have years of experience working in their field of specialization and have often completed formal education and training, frequently earning advanced degrees and certificates.
Doctors, attorneys, engineers, architects, scientists, IT specialists, designers, and financial experts are a few examples of highly talented people. These experts have a thorough understanding of their specialization and may use it to tackle challenging issues and provide novel solutions.
High-skilled workers are in high demand and might be picky about the companies they choose to work for, making it difficult to recruit them. Companies may need to use innovative and customized recruitment strategies to interact with these individuals because traditional recruiting techniques might not be enough to draw in and keep them.
To know more about Highly Skilled Professionals visit:
https://brainly.com/question/29216066
#SPJ1
why do all managers and supervisor need the skill and knowledge of human resource management
The managers and supervisor need the skill and knowledge of human resource management because, by these skills, they can handle the people aspect of their roles.
What is management?As the word management defined as, In order to achieve in demand goals and objectives, someone or group of people must be contested and managed, according to the concept of administration.
As by having the skill and knowledge of human resource management, the managers and the supervisors can easily deal with the team they know their strength as well weakness.
Therefore, As a result, by having the skills they can work in effective manner.
Learn more about the management here:
brainly.com/question/29023210
#SPJ9
