j jl Ulrich upvpici jl ljc
The seller told the listing broker that the seller's loan was assumable. Upon reviewing the seller's loan documents the listing broker found the mortgage was not assumable and the seller would have to pay off the mortgage upon sale. What clause did the listing broker discover upon reading the mortgage document
Answer:
Due on sale clause
Explanation:
A due on sale clause is the clause in which there is a promissory note or a loan that specified that the full balance could be called up at the time of sale or ownership transfer in order to protect the note
Therefore in the given situation, since it is mentioned that the seller has to pay the amount at the time of sale
So this represents the due on sale clause
Evelyn invests $5,000 in a savings account that pays interest at a rate of 6.7% compounded annually. If she withdraws half the interest earned at the end of the third year, approximately how much additional interest does she earn during the fourth year
Answer:
$371
Explanation:
The computation of additional interest during the fourth year is shown below:
but before that we need to do the following calculations
Amount = Principal × (1 + (rate of interest ÷ (1 × 100)))^(1 × number of years)
A = $5,000 × (1 + (6.7% ÷ (1 × 100)))^(1 × 3)
= $5,000 × (1 + (6.7 ÷ 100))^(1 × 3)
= $5,000 × (1 + 0.067)^3
= $5,000 × (1.067)^3
= 5000 × 1.214
= $6,070
Now, Interest gained after 3 years on the amount of Principal is
= $6,070 - $5,000
= $1,070
Here Evelyn issued interest which is half that is earned at the end of the 3rd year
Sp,
Half of the interest gained will be
= $1,070 ÷ 2
= $535
Now,
The new Principal amount for 4th year is
= $6,070 - $535
= $5,535
So, the final amount in the fourth year is
A = P × (1 + (r ÷ n))^(nt)
= $5,535 × (1 + 0.067 ÷ 1 ]^(1 × 1)
= $5,535 × 1.067
= $5.905.845
Hence the additional interest in the fourth year is
= $5,905.845 - $5,535
= $370.845
or
= $371
Therefore for computing the additional interest during the fourth year we simply applied the above formula.
In 2006, Gap Inc. ended their relationship with 23 production facilities due to code violations. Several closings occurred because of the use of child labor. In response to these events the Gap created a large team whose purpose is to travel worldwide to ensure compliance with their Code of Vendor Conduct. This is an example of
Answer: Social responsibility.
Explanation: The action portrayed by Gap Inc. demonstrates an expemplary attitude worthy of emulation which nails down the principle of social responsibility by organizations. This principle looks beyond the profits and revenue generated by the company but also aims to play it's role and ensure that it's actions does not violate or degrade social ethics. The closure of some facilities due to human right violation and subsequent enforcement of compliance with the code and conduct is a strict signal towards the company's strict stance at supporting and enforcing social responsibility.
An investigator proposes to study a market approved product sold to treat high blood pressure in individuals over age 12. This study will look at using a liquid formulation for children under age 12. The drug sponsor hopes that the information from the research can be used to change the labeling for use of the drug in children. Which of the following is the investigator’s most appropriate course of action?
A) Submit the research protocol to OHRP for their review
B) Submit the research protocol to the IRB, but do not submit an IND application to the FDA since the drug is already approved and marketed for this indication.
C) Submit the research protocol to the IRB for review and submit an IND application to the FDA before conducting research.
D) Submit an Investigational Device Exemption (IDE) application to the FDA.
Answer: Submit the research protocol to the IRB for review and submit an IND application to the FDA before conducting the research
Explanation:
From the question, we are informed that an investigator proposes to study a market approved product sold to treat high blood pressure in individuals over age 12 and that this study will look at using a liquid formulation for children under age 12.
We are further told that the drug sponsor hopes that the information from the research can be used to change the labeling for use of the drug in children.
The investigator’s most appropriate course of action will be to submit the research protocol to the IRB for review and submit an IND application to the FDA before conducting research.
Which of the following is an element of a CPA firm’s quality control policies and procedures applicable to the firm’s auditing practice? Acceptance of a client relationship. Efficiency of organizational structures. Computer information processing. Professional skepticism of management.
Answer:
The correct answer is A
Explanation:
In addition to Independence, Integrity, and Objectivity ; Personnel Management ; Engagement Performance ; and Monitoring
the Public Accounting rules of Quality Control Standards require that a firm, as a matter of policy, must continually practice the Acceptance and Continuance of Clients and Engagements .
Cheers!
A developer buys the last five vacant lots in a subdivision and constructs a large, expensive home on each lot. The homes sell for what are record-setting high prices for the area. The owners of the older, lesser-valued houses in the neighborhood may find that the values of their homes are affected by what principle
Answer:
Progression
Explanation:
Progression in real estate occurs when the property in a given area improves in value as a result of more expensive property bring built in the area.
This is one major way real estate appreciates in value. Some property owners wait for others to develop the area and naturally their own property appreciates in value.
In this scenario the developer buys the last five vacant lots in a subdivision and constructs a large, expensive home on each lot. The homes sell for what are record-setting high prices for the area.
Steve Jobs of Apple was known as a perfectionist. "My job is not to be easy on people," he said. "My jobs is to take these great people we have and to push them and make them even better." Apple probably looks to hire people who are innovative and:________.a. detail-oriented. b. aggressive. c. people-oriented.
Answer: detail oriented
Explanation:
From the analysis made in the question, we can deduce that Apple probably looks to hire people who are innovative and detail-oriented.
A detail oriented person pays attention to every little details and tries as much as possible to avoid mistakes and is very close to being described as a perfectionist.
with the help of a diagram explain types of price elasticity of supply
Answer:
...
Explanation:
...
Expensive department stores market service and atmosphere while less expensive stores market location and perceived lower prices or credit (check cashing services). This is characteristic of _______________________ .
Answer: Monopolistic competition
Explanation:
Monopolistic competition is described as a competition between firms where they offer similar services but not the same or exact services. This competition is seen in industries where differentiation is possible, example of such industries are restaurant, hairdressers, clothing, TV programs.
Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers $ 3,300 Interest on investments 220 Sale of land 110 Sale of common stock 520 Issuance of debt securities 2,300 CASH PAID FOR: Interest on debt $ 310 Income tax 90 Debt principal reduction 1,650 Purchase of equipment 4,900 Purchase of inventory 850 Dividends on common stock 280 Operating expenses 550 Bad Brad's would report net cash inflows (outflows) from investing activities in the amount of: $(2,490). $110. $(4,790). $(4,900).
Answer:
$(4,790)
Explanation:
Calculation for what Bad Brad's would report in the net cash inflows (outflows) from investing activities
CASH RECEIVED FROM:
Sale of land $110
LESS:CASH PAID FOR:
Purchase of equipment $4,900
Net cash inflows (outflows) from investing activities $(4,790)
Therefore Bad Brad's would report net cash inflows (outflows) from investing activities in the amount of:$(4,790) million.
The buyer of a futures contract is said to have a __________ position, and the seller of a futures contract is said to have a __________ position in futures. Group of answer choices margined; long short; long short; short long; short long; long
Answer: long; short
Explanation:
The buyer of a futures contract is said to have a long position, and the seller of a futures contract is said to have a short position in futures.
The buyer of a futures contract is said to have a long position as the individual wants to buy the commodity at its delivery date while the seller will deliver when it matures.
Which term best describes the business activity that occurs when website visitors buy products or services from you online?
Answer:
The answer is E-commerce
Explanation:
Nowadays, trade can occur anywhere, in the market or from the corner of your room.
The act of buying and selling goods and services through the internet is known as E-commerce. For example, Amazon. Amazon sells products through internet. Customers visit their website, search for what interests them and pay for it online through credit card or master card or might decide to pay on delivery of the product.
A method of identifying the legal description of a property is known as what...? Lot and Block Lot Number ACRIS Property Description
Answer:
Lot and Block
Explanation:
The lot and block survey system is a method often used in Real Estate, that gives a legal description used to identify lands or property in subdivided areas and cities. It is otherwise referred to as a recorded plat survey system or the recorded map survey system. It is extensively used in the United States and Canada.
Hence, the right answer to the question is LOT and BLOCK
Your 15-year-old brother comes home with the great news that he has decided to buy his first car he found on Craigs List. Your brother has just agreed to give $7,000 to a buy the car. He signed the contract and just needs to pay the stranger and pick up the car. Your dad is upset and calls the stranger to tell him your brother will not be buying the car. The stranger can:_________.
a. do nothing.
b. sue your brother for specific performance.
c. sue your brother for breach of contract.
d. sue your dad for breach of contract.
Answer:
a. do nothing.
Explanation:
In this scenario the contract to buy the car was entered by your 15 year old brother. According to the law the legal age for an individual to be able to enter into a legal contract is 18 years and above.
If a person is less than 18 years they will require the guardian to be the person entering the contract on their behalf.
Since the contract was not entered into with the father's knowledge, this is not a legally binding contract.
So the stranger cannot sue in this instance
Matt, a registered investment adviser, operates an office down the hall from Jane, a CPA. Because Jane has no interest in portfolio management, she frequently refers her clients to Matt for investment advice. When one of Jane's client signs a letter of engagement with Matt, Matt sends Jane a $200 referral fee. This occurred 5 times in the previous year. This situation is
Answer: permitted when the referral fee has been disclosed to appropriate clients.
Explanation:
From the question, we are informed that Matt, a registered investment adviser, operates an office down the hall from Jane, a CPA. We are further told that because Jane has no interest in portfolio management, she frequently refers her clients to Matt for investment advice.
When one of Jane's client signs a letter of engagement with Matt, Matt sends Jane a $200 referral fee and this occurred 5 times in the previous year.
Based on the above scenario, permitted when the referral fee has been disclosed to appropriate clients. Even though the Uniform Securities Act does not hinder the payment of referral fees by the investment advisers, it is required that the fees should be disclosed.
The Greek government decides to introduce new austerity measures, which reduce government direct spending by $16 billion. Greece has a marginal propensity to consume of 0.6. What will be the final change in real GDP as a result of this decreased spending? Please give your answer as a whole number in billions of dollars.
Answer:
-$40 billion
Explanation:
Given that
Reduction in government spending = $16 billion
Marginal propensity to consume = 0.6
Change in spending = $16 billion
Based on the above information
As we know that
Multiplier = 1 ÷ (1 - MPC)
= 1 ÷ (1 - 0.06)
= 1 ÷ 0.4
= 2.5
Now
The final change in real GDP is
= Multiplier × Change in spending
= 2.5 × -$16 billion
= -$40 billion
George wanted a home in the St. Paul area. He was willing to pay premium price for it even though there were other homes in other areas that were better values. When George was asked why he was willing to pay so much, he told the sales associate that he worked in that area and that he wanted his children to attend school in a specific school district. George's willingness to pay top dollar for a home in St. Paul is because of which characteristic of value?
Answer:
George's willingness to pay top dollar for a home in St. Paul is because of the following characteristics of Value:
"Values are a set of choices with the ability to be fluid such that may be ranked depending on the current situation."
Explanation:
In the question above, George prioritised familiarity with and emotional attachment to the St. Paul area given that he had worked there before and was convinced about the value he'd get from a school in that area.
Notice that he could have put a premium of security, access to social amenities and a host of other factors. However, those factors are not key in the ranking of values which informed George's choice.
Cheers!
Learn more about:
https://brainly.com/question/11968475
What is the expected rate of return for a stock that has a beta of 1 if the expected return on the market is 13%?A. 15%.B. More than 15%.C. Cannot be determined without the risk-free rate.
Answer:
Option C, Cannot be determined without the risk-free rate, is the right answer.
Explanation:
Given the beta value = 1
The expected return on the market = 13%
From the given information we have to find the expected rate of return but without risk-free rate, it can not be determined because if we calculate the expected return then the resulting expected rate of return is not in the options. Below is the formula for the expected return.
Expected return = risk-free interest rate + Beta value × (Market rate- risk-free rate).
As the risk-free rate is not given so as the expected return cannot be determined.
AARP is a powerful political interest group that also maintains a lucrative business providing health and life insurance to its members. What does AARP's strategy suggest about an interest group's ability to secure financial stability
Answer:
In simple word, The given case relates to the practice of saving the lobbying interest by the political groups using monetary transaction and rules. It is beneficial for such a lobby group to set up a non-profit company.
Community groups can gain financial security by establishing non-profit organisations inside the organization. AARP uses the money from its insurance company to fund its legislative activities.
Suppose the population of country ABC rises from 40 million to 44 million. If the country's Real GDP rises from $825 billion to $890 billion during this same period, the result is _________________ economic growth.
Answer: absolute economic growth but not per capita real
Explanation:
Real gross domestic product (GDP) shows the value of all the goods and services that are produced by an economy in a particular year which has been adjusted due to inflation.
Since the Real GDP has increased from $825 billion to $8990 billion, there has been absolute economic growth.
For the per capita growth, there has been a decline.
1. What types of the goods have elastic demand-
i. Non-essential or essential goods?
1. More substitutes or less substitutes?
Answer:
i.Non essential goods
ii.More substitute
Bates Inc. is an enterprise comprising three parts. Its biotech section, which is working to develop crops that are pest and disease resistant, provides about half of its sales. Pharmaceuticals from its B.D. Feller subsidiary contribute a third of its revenues; and food products, dominated by the artificial sweetener NutroSweet, make up less than 15 percent of its total revenue. These three divisions represent Bates' ________.
Answer:
Strategic business units.
Explanation:
In this scenario, Bates Inc. is an enterprise comprising three parts. Its biotech section, which is working to develop crops that are pest and disease resistant, provides about half of its sales. Pharmaceuticals from its B.D. Feller subsidiary contribute a third of its revenues; and food products, dominated by the artificial sweetener NutroSweet, make up less than 15 percent of its total revenue. These three divisions represent Bates' strategic business units.
A strategic business unit can be defined as the fully functional and autonomous unit of a business entity or firm, which is typically being operated independently and is saddled with the responsibility of producing a unique range of products and services.
This ultimately implies that, a strategic business unit has its own objectives, vision, mission, goals and direction.
The ______________ of estimating bad debts expense involves a detailed listing of each customer's outstanding account and its length of time past due i Multiple Choice Direct write-off method. Percentage of sales method.
Answer:
Aging of accounts receivable method.
Explanation:
Accounts receivable are the payments owed to a business by its customers. Bad debt occurs when there is uncertainty that an account receivable will be recovered.
The accounts receivable aging method is used to classify debts based on on the length of time past due.
Classifications such as are based on length of time past due and when to time past due is too long it will be considered to be a loss.
Lengths of time used include: 1-30 days past due, 31-60 days past due, 61-90 days past due, 91-120 days past due, and greater than 120 days past due.
An agent is discussing an equity index annuity purchase with a client. The agent explains that there are several which she feels are equally suitable for the client, but one of the companies is offering a trip for 2 to Las Vegas for reaching certain sales goals. She continues by stating that this sale will put her over the goal and win her the trip. If the client purchases that annuity, the agent
A) will probably be disciplined for failure to disclose the potential conflict of interest
B) should pack her bags for the trip; she earned it
C) should only sell what is suitable for the client based on all available information
D) should pack her bags and leave the firm before the compliance department learns of her actions
Answer:
B) should pack her bags for the trip; she earned it
Explanation:
In this scenario, it can be said that if the client purchases that annuity, the agent should pack her bags for the trip; she earned it. Since the annuity that has been recommended by the agent is offering her an incentive, and the agent fully disclosed that fact to the client, then she did her duty correctly. In the case that the client decides to purchase the annuity, they do so with full knowledge of the potential conflict of interest.
In an inert organizational culture, poor working relationships frequently develop between the organization and its employees. the organization tries to avoid layoffs. the organization emphasizes long-term employment. employees regularly receive rewards for their performance. values and norms help the organization build momentum.
Answer:
The correct answer is: the organization emphasizes long-term employment.
Explanation:
An inert organizational culture is one that does not seek to adapt to new work processes and trends whose objective is to innovate and facilitate work and processes.
They are usually organizations whose culture is focused on more inflexible and rigid internal policies, whose focus is on the establishment of processes and does not focus on the relationships and integration of workers.
This type of organization focuses on long-term employment, which can culminate in the lack of innovation in personnel, ideas, processes and the improvement of total quality.
In an inert organizational culture, poor working relationships frequently develop between the organization and its employees the organization emphasizes long-term employment. Thus, option B is correct.
An organizational culture that is inert does not attempt to change in response to emerging trends and work processes with the aim of innovating and streamlining work and procedures.
They are often businesses whose internal rules are more strict and inflexible, whose emphasis is on establishing procedures rather than on fostering connections and worker integration.
Long-term employment is the main focus of this kind of organization, which can lead to a lack of innovation in staff, concepts, procedures, and overall quality.
Learn more about the inert organization here:
https://brainly.com/question/17185464
#SPJ6
A customer places an order to buy 1,000 shares of a stock at $40. The registered representative enters the order. After execution, the registered representative notices that he had erroneously entered the wrong number of shares on the order ticket. The amount read 100 shares, and this amount was purchased. Which of the following statements are TRUE?
I. The firm is only obligated to provide 100 shares at $40
II. The firm is obligated to provide 1,000 shares at $40
III. Any additional cost of filling the remaining 900 share order is the responsibility of the firm
IV. Any additional cost of filling the remaining 900 share order is the responsibility of the customer
A. I and III
B. I and IV
C. II and III
D. II and IV
Answer: C. II and III
Explanation:
The customer ordered for 1,000 shares of a stock at $40 and so this is what the registered representative should give the customer. As such, if in the first place the order was possible to be done, then it will have to be done now and the registered representative's firm are obligated to provide the amount in question.
Any costs associated with filling the remaining 900 share order is the responsibility of the firm and not of the customer as they made the error not the customer.
Crystalize is a decorative glassware manufacturer. The company's production team takes 8 hours to produce 96 identical glass items. Which of the following is the labor productivity of Crystalize?A) 10 items per hour.
B) 12 items per hour.
C) 0.08 hours per item.
D) 0.09 hours per item.
Answer:
B) 12 items per hour.
Explanation:
Calculation for the labor productivity of Crystalize.
Using this formula
Labor productivity=Numbers of items produce/Hours to produce
Let plug in the formula
Labor productivity=96/8
Labor productivity= 12 items per hour
Therefore labor productivity of Crystalize will be 12 items per hour.
Payment for subscriptions is billed one month in advance. First month's payments are pro-rated for the amount due up until the 15th of the month plus the next month's bill amount. All monthly payments are due by the 15th of each month. Payments received after the 20th of the month will result in a late fee of $20.00. The late fee may be waived one time per year.
Answer: c. The subscription began about 10 days before the 15th of the month.
Explanation:
With the first month's payments being pro-rated for the amount due up until the 15th of the month plus the next month's bill amount payments, the likely possibility is that the customer started their first subscription 10 days before the 15th of the first month.
This would then mean that they were charged the daily rate for each of those 10 days which amounted to $15. The daily rate can be calculated by dividing $45 by 30 days because $45 is the rate for the month according to the question.
= 45/30
= $1.5 a day.
Suppose the market for a good is composed of 1,000 identical consumers. The market's demand curve is given by QM = 150,000 – 25P. What is the equation for an individual consumer's demand curve?
Answer:
Q = 150 - 0.025.
Explanation:
Given that
Number of identical consumers = 1,000
Market demand curve is given by
QM = 150,000 - 25P
Based on the above information.
The equation for an individual demand curve is shown below:
As we know that the market demand is the total of an individual demand. So, the 1,000 identical demand function would be there and also we have to divide the market demand curve by $1,000 to find out the individual demand curve
So,
Q = 150 - 0.025 as (150,000 – 25P) ÷ 1000
Q = 150 - 0.025.
The country of Cadmia is known around the world for the high-quality wine it produces. Consumers who do not know much about wine tend to rate the wines from Cadmia more favorably than the wines from Chile, even when independent analysis shows that Cadmian wines are actually inferior. Which of the following barries to international communication provides an explanation to this situation?A) Filter effects
B) Cultural barriers
C) Country of origin effects
D) Pull effects
E) Power distance
Answer:
C) Country of origin effects
Explanation:
In the above scenario, it is clear that the barriers to international communication provide an explanation for this situation is the effect of the country of origin.
This effect is caused by a psychological phenomenon of associative image very well positioned to a certain country and a specific brand, product or attitude, which causes the bias of nationality, that is, the knowledge with which people perceive such a product of origin. a country that has the image positioned as Cadmia, which is the country known throughout the world as the country that manufactures high quality wines, this will be a significant influence that will make consumers prefer to consume such products.
