Fixed Rate Loan
Installment Loan
Varible Rate Loan
Small businesses must hire professional finance managers to manage their income and expenses. True or False
True; not must, but highly recommended.
Answer:
True.
Explanation:
The Financial Manager is the professional responsible for managing taxes, forming the sale price, auditing, controlling accounts payable, controlling financial investments, controlling bank balances, managing cash flow and analyzing financial statements.
A Financial Manager manages, plans and organizes the company's controllership activities, observing legal principles, policies and guidelines adopted, to define forms of budgetary, accounting and financial control.
in Illinois Mobile homes are generally considered to wich one a. personal property b. real property c.trade fixture d. fixtures except when they been permanently affixed to their foundation?
A. personal property
Pls help! Quick!!!
Micah has been working as a fitness trainer at a gym. He plans on opening a new gym of his own three blocks down the street. However, if he does this he will be in violation of the _______ he signed when he took the job, which prevents him from starting a gym within five miles of his employer.
A) taxpayer identification form
B) 1099 form
C) noncompete agreement
D) exclusive account agreement
A partnership can be terminated by which of the following
A. Bankruptcy
B. Death of a partner
C. Agreement by partners
D. All of the above
The answer is D
Answer
A Partnership can be terminated by bankruptcy, death of a partner and agreement by partners. The answer is D. all of the above.
Explanation
Terms leading to the termination and dissolution of a partnership should be specified in a partnership agreement. The terms may include all the events that might lead to termination of the agreement. A partnership can terminate if the expiry date is reached, when the project is completed, death of a partner, bankruptcy of a partner, illegality of activities and a court application for an order of termination.
The correct answer is D, All of the above.
A partnership can be terminated by Bankruptcy, Death of a partner, Agreements by partners.
A partnership is a form of business in which two or more people come together to run a business on percentage basis. All the partners are liable for any loss that may incur. A formal agreement is signed between the partners, discussing the terms and conditions in it. There are possibilities of terminating the partnership. These could be the death of any partner, bankruptcy, or indicated by them in the agreement.
a centrally planned economy is
A. an economic system that has no government involvement.
B. an economic system in which the government regulates the production.
C. always the most efficient economic system.
D. a form of free enterprise with minimal government involvement.
It is an economic system in which Government regulates the Prices and what to produce in the particular Country .
The correct answer would be option B, An economic system in which the government government regulates the production.
A centrally planned economy is an economic system in which the government regulates the production.
Explanation:
An economic system, in which the economy(including investment, capital and allocation of capital goods) is governed by a predefined economic and production plans, is called as the Planned Economy.
The system of planning in this economic system can either be centralized, decentralized or participatory.
This economic system is regulated by the Government. All decisions about the capital, lands, buildings, machinery, or other resources are taken by the government.
The production, prices, distribution, etc of the products or services are regulated centrally by the government.
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The best conclusion that can be drawn from the graph is that the number of nonfarm jobs
B. Started going down in 2008.
Describe the key risks and return associated with investing ? What
a share of ownership in a company is known as witch of the following a) stock (b) investment (c) rebate (d) bond
The answer is d) bond.
In a pure market economy the government controls most actions
identify an industry with high fixed costs in the short run
The answer is: Car manufacturers
An industry that have high fixed costs in the short run would be the industry that has to put a high price tag for their products.
Car manufacturers need to provide a high number of capital on the early stage of investments to purchase machines and factory spaces that essential for the efficiency of the production. Due to this hard requirements, there is very little new company enter the competition in car manufacture industries in recent centuries.
If a business has a well established customer base it no longer needs to worry about marketing true or false
Despite having a well-established customer base, businesses must continue to focus on marketing to maintain customer relationships and ensure their success. Maintaining its reputation is crucial for securing repeat customers and gaining trust. The FTC monitors product claims to an extent, allowing some exaggeration but not outright lies.
Explanation:The statement 'If a business has a well-established customer base it no longer needs to worry about marketing' is false. Even with an established customer base, businesses still need to focus on marketing to maintain their customer relationships, attract new customers, and stay competitive. This is crucial for the business's survival and success.
The rationale for ongoing marketing efforts is that businesses want to maintain repeat customers, who can recommend the business to others. By focusing on its reputation, buyers trust the firm and ensure it does not provide poor-quality products or services. An analogy is a well-established grocery store that can charge a higher price for its reputation compared to a temporary stand at a local farmer’s market.
The Federal Trade Commission (FTC) often checks the factual claims about a product's performance to a certain extent. While exaggerated or ambiguous language and images are allowed in advertising, untrue facts are not permitted. Guided by the Latin saying, Caveat emptor (let the buyer beware), buyers must be aware when considering advertisements.
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As more alcohol is use the amount consumed to reach the high will become ?
You will need to consume more and more.
As a rule of thumb, how often should an entrepreneur reevaluate her compensation package?
Answer:
The answer from the textbook is, "Plan to reassess your compensation every six months."
Explanation:
The fiscal or financial years of a business stay for 12 months or one year.
How often should an entrepreneur reevaluate her compensation package?The fiscal or financial years of a business stay for 12 months or one year. It suggests that at the end of that 12 months, the business conditions its financial statement to decide its profitability. The business sets its development, success, and loss for the period.
After evaluating implementation, planning for the following period of 12 months starts. The entrepreneur formulates a budget for the year, including their compensation. Compensation for the entrepreneur should be budgeted and inspected every year together with the other funding items.
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What is often the first sign of a stolen identity?
The first sign of a stolen identity is often financial theft, which can lead to sudden changes in banking practices.
Explanation:The first sign of a stolen identity is often financial theft. When someone's identity is stolen, the thief may use their personal information to make unauthorized transactions, withdraw money from their bank accounts, or apply for credit in their name. This can lead to sudden and unexplained changes in banking practices, such as unfamiliar charges or withdrawals.
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what would have happened to Damien if the family did not have health insurance and had not taken him to the hospital, because they couldn't afford the care
Damien would've gotten seriously ill, and waited until his death.
What are the elements of a compensation package
A compensation package consists of the various rewards an employee receives for their work, primarily the base salary, bonuses, benefits, stock options, and perks.
Explanation:The elements of a compensation package refer to the different ways an employer rewards employees for their work. These can vary greatly between industries and job roles, but typically include several key components.
Base Salary: This is the fixed amount of money that an employee earns for performing their job duties. It is typically paid biweekly or monthly. Bonuses and Commissions: These are additional forms of pay based on performance or achieving certain targets. Commissions are common in sales roles, while bonuses may be given company-wide or to specific teams or individuals. Benefits: These are non-monetary forms of compensation and may include health insurance, retirement plans, paid time off, life insurance, disability insurance, etc. Stock Options or Equity: Some companies offer stock options or equity as a part of compensation. This gives the employee a stake in the company’s success. Perks: Perks are additional benefits that make a job more attractive. These might include things like flexible working schedules, professional development opportunities, or even gym memberships or meal plans.
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A compensation package includes base salary, supplemental pay, various forms of insurance, retirement and savings plans, legally required benefits, and other perks. The total compensation package can sometimes make up for a low base salary. Moreover, there may be opportunities to renegotiate the package after proving one's value to the company.
Base Salary/Wages: The fixed income received by an employee, usually provided as an annual amount but often discussed in terms of monthly or biweekly paychecks.
Supplemental Pay: This may include bonuses, overtime pay, commissions, or incentives that are based on performance.
Insurance: This can include health, dental, vision, life, and disability insurance that the employer provides or contributes towards.
Retirement and Savings: Plans such as 401(k), defined benefit, and defined contribution plans, where employers may match contributions made by the employee.
Legally Required Benefits: These are benefits that an employer must provide by law, such as employer payments to Social Security, unemployment, and worker's compensation insurance.
Other benefits, which can encompass things like vacation pay, parental leave, childcare support, tuition reimbursement, and more.
In the context of a job offer and compensation negotiation, it is important to consider the whole package. While base salary is critical, the value of the total compensation including all benefits and perks, can significantly enhance the overall remuneration. This becomes a crucial consideration when an offer may present with a lower base salary than expected. In such cases, strong benefits can sometimes compensate for the lower pay.
As for renegotiation, depending on the employer, there may be a possibility to renegotiate parts of the compensation package after 6-12 months of employment. This is typically more successful when the employee has demonstrated significant contributions to the company that warrant a review of compensation terms.
A company has earned a large profit this year. The company’s president wants to reward certain employees for their exceptional performance.What strategy can she use to reward deserving employees?
A.
issue certificates for exceptional performance
B.
offer to present them during a board meeting
C.
provide them with longer break hours
D.
display their names on the achievers’ board
E.
offer profit sharing
Answer:
E. Offer profit sharing
Explanation:
A reward should be related to the underlying cause. The best way to reward them will be to share some of the profits with them. The company can do that by offering them a cash bonus. The bonus will serve as a motivation for them and other employees as well.
A cash reward strategy will be best as it will be a perfect match with the company's achievements. The employees have made money for the company; it is only fair they get cash a reward. Employees work to earn money, not certificates or work breaks. A monetary reward will be the most ideal as its the consideration employees seek every morning they report for duty.
Final answer:
To reward exceptional employees, the company president can utilize creative awards and gift cards, which create positive experiences linked to the company, or profit sharing, which aligns employee rewards with the company's success.
Explanation:
To reward employees for exceptional performance, a company president can employ several strategies that align with the company's culture and reflect sincere appreciation. Recognizing employee contributions can be done in creative ways, such as with symbolic awards like the seat belt award or the golden banana award, which convey a message aligned with the company's values and spirit. Offering gift cards is another effective method that allows employees to enjoy experiences like dining out or going on a vacation, creating positive associations with the company.
These rewards must be perceived as genuine and are distributed fairly, reflecting the different contribution levels of employees. This approach can foster a stronger commitment to the company. However, if monetary rewards are considered, options like profit sharing could be effective, as they tie the rewards directly to the company's overall profitability and provide an incentive for employees to contribute to the company's success.
wht is the exemption for a trust that is required to distribut all of its current income?
Answer: The income earned by the trust depends on the income of the individual. Your prosperity as a trustee lies fundamentally in your capacity to figure out what's head and what's salary. Trust is maintained to hold and invest money which can later come in the use of the beneficiaries.
A trust that disperses all its pay is viewed as a straightforward trust. However, there is some exemption on the taxable amount of trust. If the trust retains the income for more than a period of one year then it becomes liable to pay tax. Trusts are not liable for double taxation in any situation.
If reasonable accommodations are made, an employer with 15 employees or more can't legally refuse to hire someone due to
Question options:
their gender.
their sexual preference.
their ethnicity.
their disability.
The correct one to me is "Their disability" if mentally or physically unstable they can not legally hire them.
Hope this helped!
Which option represents equilibrium as it appears on this graph? 5 graphic T-shirts on sale for $6 10 graphic T-shirts on sale for $30 30 graphic T-shirts on sale for $10 55 graphic T-shirts on sale for $6
The correct answer should be Option C: 30 graphic T-shirts on sale for $10 .
The concept of equilibrium in economics signifies where supply equals demand. In this question, it isn't possible to identify which option represents equilibrium without a graph. An equilibrium price could be any value where the quantity of T-shirts supplied equals the quantity of T-shirts demand.
Explanation:In the field of economics, the concept of equilibrium represents the point where supply equals demand for a product, in this case, graphic t-shirts. It reflects the price at which the quantity of t-shirts that sellers are willing and able to sell equals the quantity that buyers are willing and able to purchase. Unfortunately, without a graph, it isn't possible to specifically identify which option signifies equilibrium.
However, typically, an equilibrium price could be $6 for a T-shirt if the point at which the quantity of T-shirts supply matches the quantity of T-shirts demand is '5' or '55'. Alternatively, it could be $10 if the balanced quantity value is '30', or even $30 if the equilibrium is at '10' T-shirts. Evaluating the correct answer would require a holistic view of the graph to understand the dynamics of T-shirt supply and demand.
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a company that adapts its product mix to meet the needs of a new market is using which of the following global marketing strategies
market development
diversification strategy
product development
undiversified
A company that adapts its product mix to meet the needs of a new market is using the global marketing strategy of diversification. Diversifing refers to developing strategies that sell the same product or service, but are changed up depending on who they are marketing to. They could also diversify the product to match the market they are trying to reach, by customizing the product to meet different needs, they have a better chance of selling to many markets.
A company that adapts its product mix to meet the needs of a new market is using a market development strategy. This strategy involves marketing existing products to new customers or into new geographic areas.
Explanation:When a company adapts its product mix to meet the needs of a new market, it is using a market development strategy. A market development strategy involves a business marketing its existing products to new customers or introducing the existing products into new geographic areas. It is different from product development, which involves introducing new products to the existing market, and diversification strategy, which would involve selling new products to new markets. The term 'undiversified' does not represent a marketing strategy, hence it is not the correct answer.
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Stear Corp. bought a machine on January 1, 2012 for $30,000. The company follows a policy of depreciating assets at 5 percent each year. What will be the closing credit total of the Accumulated depreciation account after the first year? A. $3,000 B. $1,500 C. $27,000 D. $28,500
Answer:
B.
$1,500
Explanation:
30,000x 0.5=1500
According to the condition, the closing credit total of the Accumulated depreciation account after the first year is $1500. Thus, the correct option is (B).
All reported depreciation on an asset up to a certain date is added together to form accumulated depreciation.
On the balance sheet, accumulated depreciation appears right below the associated capital asset line.
Accumulated depreciation is documented in a contra-asset account, which has a credit balance and decreases the fixed asset's gross amount. It is not documented as an asset or a liability as a result.
Here,
Calculating the amount of the closing credit total of the accumulated depreciation as follows:
$30,000 × 5% = $1500
Therefore, the correct option is "B".
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When applying for credit, what is a co-signer?
This is what a co-signer does. A co-signer is a person who is obligated to pay back the loan just as you, the borrower, are obligated to pay. A co-signer could be your spouse, a parent, or a friend. The lender cannot require your spouse to be a co-signer unless you are both applying for the loan.
When you're approved for a credit card with a co-signer, you and the co-signer become joint account owners and are both responsible for repaying the balance.
Alex applies for a home loan. The bank asks him to furnish a document as residential proof for processing the loan. Which document should he provide to facilitate the loan process?
A. paystub
B. personal account register
C. bank reconciliation statement
D. social security card
When you are asked to furnish something, you are being asked to provide something that is needed. Furnishing is another word for filling a need with no limit as to what the need is. When you are furnishing a loan document for a home, a paystub is needed so that they can have proof of where you work, live and what you make to see if you qualify for the loan and at what interest rate. The correct answer is: A. Paystub.
The document that he should provide to facilitate the loan process is a paystub. The correct option is a.
What is a paystub?A paystub is a document that’s given to an employee each payday. It shows their total amount earned, less deductions for things like tax.
Pay stubs show income from salary, hourly wages or commission. They also list things like: tax withheld, reimbursements for personal work expenses, deductions such as insurance and retirement, employer contributions toward insurance or retirement. They may also show other employee information such as the amount of vacation time owed or used. Pay stubs are also known as payslips, paycheck stubs, or pay advice. Traditionally, the pay stub was a paper document attached to a physical check or included in a wages envelope. Today, most employers prefer to use electronic pay stubs.
These can be emailed to employees or made available to them online.
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help with my job search
wheres the question? you didnt put it
Which document is first in a portfolio?
The first document in a portfolio should be a cover letter, followed by a table of contents if the portfolio contains multiple documents. The portfolio should also demonstrate growth, present final drafts in a professional manner, and reflect personal style.
Explanation:The first document in a portfolio should be the cover letter, which acts as an introduction to the collection of work included within. If the portfolio is extensive, it is advisable to include a table of contents following the cover letter. The table of contents enables easy navigation through the documents, which can be organized in a variety of logical ways, such as chronological order, reverse chronological order, or by best-first order, where the strongest pieces are featured at the beginning.
Additionally, showcasing one's growth over time is a key aspect of a portfolio, especially in writing courses. Including earlier drafts alongside final versions of the work can demonstrate your development process. It is also essential that final drafts are proofread and formatted correctly to reflect a high standard of finished work.
Finally, when presenting your portfolio, ensure that it mirrors your professionalism and incorporates personal style, while also being neatly compiled, for instance in a binder with protective covers. This meticulous preparation of the portfolio can leave a positive impression when it is evaluated, whether in an educational or professional setting.
Three reasons why people might accidentally overdraw are: they always reconcile their statement accurately they may not record an ATM withdrawal they may make a mistake in their arithmetic they forget to make a deposit
Answer:
The correct answers are B, C and D.
Explanation:
Before answering the question, we need to know what overdraw means. So overdraw is basically the drawing the excess of money which the account of a person actually holds. In simple words, when the money in someone account is more than the amount he thinks. He thinks he has more amount in his account and when he tries to withdraw, he comes to know the real amount. This could be because of many reasons, three of which are as follows:
They withdraw the amount from ATM and they may not record it. secondly they may have made a mistake in their arithmetic while estimating their equity, and thirdly, they might have forgotten to make a deposit.
All these reasons could be the reason for overdraw.
Final answer:
People may overdraw their account by not reconciling statements, forgetting ATM withdrawals, or making arithmetic errors, which can incur overdraft fees and negative balances.
Explanation:
Three reasons why people might accidentally overdraw their account include failure to reconcile their statement accurately, not recording an ATM withdrawal, and making a mistake in their arithmetic when balancing their checkbook.
This can be problematic since overdrawing can lead to additional charges, such as overdraft fees, and potentially negative balances at the bank. Balancing your checkbook regularly can help manage finances, keep track of cash flow, and avoid these fiscal issues.
Which is the best way to prepare yourself for a job in the sports industry
Answer:b. finding an internship with a team
Explanation:
The best way to prepare yourself for a job in the sports industry is to find yourself an internship in a team.
An internship is a period of time spent learning on the job. It is a very good way to get into the sports industry and any other industry.
This is because it allows a person to learn practically and be corrected by experts in the field. The learning frame is also faster compared to individuals who are not in the industry at the immediate time. Therefore, the best way to prepare yourself for a job in the sports industry is to find yourself an internship in a team.Learn more about internship here:
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when an owner records a credit for 650 for revenue earned but not yet received the amount of the debit should be
Why is it important to learn about the reality of the sports industry before finding an entry-level job.
a)You will not receive much training once you enter the industry.
b)You will be expected to be an expert on the sports industry.
c)You will be able to find a job that is not entry-level.
d)You will not be as surprised at the long hours.
The correct answer is d) You will not be as surprised at the long hours.
Learning about the reality of the sports industry before finding an entry-level job is important for several reasons:
a) You will not receive much training once you enter the industry: While this may be true in many cases, it is not the primary reason for learning about the industry beforehand. Many entry-level positions do provide some level of training, although the extent of training can vary greatly depending on the organization and the specific role.
b) You will be expected to be an expert on the sports industry: This is not a realistic expectation for someone entering an entry-level position. While having a good understanding of the industry is beneficial, being an "expert" is typically not required at the entry-level. Employers usually understand that new hires will need time to develop their expertise.
c) You will be able to find a job that is not entry-level: This statement is somewhat misleading. Learning about the industry can certainly help job seekers identify opportunities that might not be strictly entry-level, but it does not guarantee that one will secure a higher-level position without the necessary experience or qualifications.
d) You will not be as surprised at the long hours: This is the most accurate reason. The sports industry is known for its demanding work hours, which can include evenings, weekends, and holidays, especially when events and games are scheduled. Understanding this aspect of the industry in advance can help job seekers mentally prepare for the commitment required and manage their expectations regarding work-life balance.
Therefore, the knowledge gained about the sports industry beforehand can help individuals better anticipate the demands of the job, including the potential for long work hours, and make informed decisions about their career paths.