Joe borrowed $100,000 (a four-year loan at 10 percent interest) on January 2, 2020. During the course of the year, he paid back $30,000 on that debt. What would his December 31, 2020 balance sheet show for this debt
Joe's December 31, 2020 balance sheet would show a Long-term Loan Balance of $70,000.
What is the balance sheet?The balance sheet is a financial statement that shows the balances of the assets, liabilities, and equity of a person or an entity at a stated date.
The balance sheet follows the accounting equation that equates assets to liabilities and equity.
Data and Calculations:Loan receipt on Jan. 2, 2020 = $100,000
Repayment during the year = $30,000
Loan balance = $70,000 ($100,000 - $30,000)
Interest Expense = $10,000 ($100,000 x 10%)
Thus, Joe's December 31, 2020 balance sheet would show a Long-term Loan Balance of $70,000.
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Adam hopes to show the bank lending manager he is meeting with that he is aware of who the target market is, who the competition is, how much money he needs, and exactly how he intends to turn a profit by supplying him with a(n) .
Based on the fact that Adam is supplying information on his target market, and competition, as well as how much he needs, this is a Business plan.
What goes into a business plan?In order to convince an investor such as a bank to give you money, you need to give them a business plan.
This plan will include things such as who you plan to target, the amount of funding you need, and who you will be competing with. This allows the investor to assess the viability of your business.
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a building was purchased for $850 000 with 10 down and the lender charged the buyer 2 discount points. How much cash did the buyer need to come up with at closing a loan for the balance
The cash that the buyer need to come up with at closing a loan for the balance is: $833,000.
Cash amountUsing this formula
Cash amount=Cost of building-(Cost of building × Discount point)
Let plug in the formula
Cash amount=$850,000-($850,000×2%)
Cash amount=$850,000-$17,000
Cash amount=$833,000
Therefore the cash that the buyer need to come up with at closing a loan for the balance is: $833,000.
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Name the occupation in which people work for others and get rewarded in return
Answer:
Employment/Employers
Explanation:
Employers are the people who hire others in order to do work for a business, establisment or company with the bonus of payment.
Unemployment that results because some people are searching for jobs is called a. the natural rate of unemployment. b. cyclical unemployment. c. structural unemployment. d. frictional unemployment.
Answer:
D
Explanation:
Frictional unemployment naturally occurs, even in a growing, stable economy. Workers choosing to leave their jobs in search of new ones and workers entering the workforce for the first time constitute frictional unemployment.
1. Discuss the type of employees for which the application of Scientific Management work best (determine/understand purpose of Scientific Management to determine who it works best for) 2. Explain how to address the problems defined in the video using Scientific Management. 3. Discuss what can be done to fix these problems using Scientific Management.
The type of employees for which the application of Scientific Management Theory will work best are those who work as part of a production line; or those who work in a manufacturing plant.
What is the key purpose of Scientific Management?The key purpose of Scientific Management is to enhance the economic efficiency of the production process, especially the aspect that is related to the productivity of labor.
Hence, it is correct to state that the type of employees for which the application of Scientific Management Theory will work best are those who work as part of a production line; or those who work in a manufacturing plant.
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Select the correct answer. which employee do you think is sincerely trying to maintain a positive work environment? a. akash avoids interacting with his peers as far as possible. b. tim loves the work he is doing and doesn’t pay much attention to the cramped office space he has. c. liza meets up with her friends from work every weekend. d. mae often brings little presents for her manager.
The employee who is sincerely trying to maintain a positive work environment is Tim, who loves his job despite the limitations of the environment.
How to maintain a positive work environment?Through organizational culture, the habits and values of a company are created, for this it is essential that the company structure is aligned with the objectives, in addition to the policies and conduct of employees, which must be based on integration and cooperation.
Therefore, in order to strengthen the organizational culture, a joint effort by all employees is essential, in favor of a positive work environment for development and innovation.
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The law of supply indicates that other things equal:.
Answer:
The law of supply is the microeconomic law that states that, all other factors being equal, as the price of a good or service increases, the quantity of goods or services that suppliers offer will increase, and vice versa.
Examine the four different companies in the table, which shows their yearly
income and their tax rate. Which type of taxation does this table best
represent?
Answer:
ITS A PROPORTIONAL
Explanation:
Your daily budget is $650 and your ad clicks range in cost from $1.71 to $2.25. What's the maximum amount of clicks you could receive in a given day
The number of clicks that a person can receive in a given day will be ranging from 380 to 289 clicks if the cost is between $1.71 to $2.25.
What do you mean by ad clicks?Ad Clicks are an advertising metric that counts the range of instances customers have clicked on a virtual commercial to attain a web property.
In the pay-per-click model, users bid on keywords and pay for each click on their advertisements.
As per the information, we can divide the total budget by the cost given to get the maximum amount of clicks per day.
Thus, the number of clicks that a person can receive in a given day will be ranging from 380 to 289 clicks.
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Roxanne is writing an email rejecting a customer’s refund claim for a faulty kitchen blender. Which statement makes a good buffer for Roxanne’s email?
A. We regret that we are not able to offer a replacement.
B. We are glad to hear from a loyal customer.
C. We have considered your request about the kitchen blender.
D. We see that you have used the blender for nine months.
E. We hope to continue serving you in the future with the best products.
The statement that makes a good buffer for Roxanne’s email is : We have considered your request about the kitchen blender.
What is an email?This is an electronic device, used for exchange of messages between a sender and a receiver. This device connects people together.
Hence, the statement that makes a good buffer for Roxanne’s email is : We have considered your request about the kitchen blender.
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One advantage of having an ATM card is that it can be used to
O make deposits at a bank
O apply for car loans.
O change a person's credit history
O buy stocks
Answer:
It can be used to buy stocks
using a small round or needle-shaped bur or diamond rotary instrument prior to placement of a dental sealant can allow for inspection for the presence of caries, and
The dental sealant is helpful to inspect the presence of caries and cavities near the tooth.
What are cavities?A decaying element present in the tooth is known as a cavity. The detection of cavities in the tooth is done with the help of a dental sealant. This is also helpful in detection of caries.
Hence, cavity can be inspected with the help of a dental sealant.
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What does franchisor mean?
A.
a person who allows another person to use a brand name for a fee
B.
a person who rents one of the units of a hotel chain
C.
a person who owns a hotel chain and rents out a unit for a fee
D.
a person who obtains permission to use a brand name for a fee
Answer:
The correct answer is C) A person who owns a hotel chain and rents out a unit for a fee.
Answer:
The answer should be A
Explanation:
An electronics company is launching a new voice-controlled television. The company's owners decide to use broad match in their Search Ads campaign with the keywords ""voice-controlled television."" How will broad match benefit the company's campaign?
The broad match will get benefit the campaign and will reach more users by serving new, relevant queries.
What is Search advertisements marketing campaign?Search campaigns can help you location advertisements throughout a massive community seeking results. You can display advertisements to human beings actively looking online for your merchandise and services.
Thus, The broad match will get benefit the campaign and will reach more users by serving new, relevant queries.
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Each of the following financial products will help you build a credit
history EXCEPT
O Secured credit card
O Debit card
O Auto loan
O Credit card
The option B, Debit card is true as it does not help in building a credit
history.
What is a debit card?A debit card is a payment card that can be used in place of cash to make purchases. It deducts money directly from a consumer's checking account when it is used.
Debit cards allow you to spend money by drawing on funds you have deposited at the bank. Credit cards allow you to borrow money from the card issuer up to a particular limit.
Thus, option B debit card is true because to build a credit history it is necessary to borrow from a bank.
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If a monopolist's marginal costs increase by $1 for all levels of output, then the monopoly price will Group of answer choices rise by $1. rise by more than $1. rise by less than $1. not change, but profits will decrease.
If the marginal cost of a monopolist rises by $1 across all levels of output, then their price will rise by less than $1.
What happens when a monopoly's marginal cost rises?When monopolies go through a situation where their marginal costs rise, they end up raising their prices as well.
The price rise will be less than the increase in marginal cost in order to prevent losing too much demand for their goods.
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The US Economy is experiencing a huge trade deficit over last few decades. Explain the causes and consequences of this trade deficit on the US economy. g
The consequences of the trade deficit are that it cut down the incomes of domestic someone, and moving numerous into devalued income sets, and the main causes of the trade deficit are the lower productivity and the lower trade barriers.
What is trade deficit?The trade deficit occurs at the time if the value of a country's imports oversteps the value of its exports. The Imports and exports associate to both tangible commodities and services.
The trade deficit has the effect of reducing domestic earnings and pushing many people into devalued income groups, and the major drivers of the trade deficit are reduced productivity and lower trade barriers.
Therefore, the trade barriers arise due to the lower productivity and trade barriers.
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How does a bank enforce the requirement of safeguarding your money?
The use of Mobile banking and electronic means of sending money is a requirement for safeguarding your money.
How does bank help to safeguarding your money?Individual keep or safe money in the bank to avoid the risk of the money been stolen or loss due to improper way for handling.
Online transactions is one of the safeguard method's used by banks and electronic funds transfer (EFT).
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To effectively prioritize client needs during an interdisciplinary conference, what qualities by the team are required
The qualities needed are the establishment of team goals, in addition to cohesion, leadership and developed communication.
What are the characteristics of an effective team?For a sales team, it is essential that the customer's needs are prioritized, for this it is important to have an integrated team, where communication is the strong point, providing a high quality service.
Therefore, it is essential that the team focus on achieving objectives and goals through integration, direction and communication.
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How the government has implemented measures to prevent anti_competitive behavior by firms
The quick ratio provides a more reliable measure of liquidity than the current ratio especially when the company's inventory takes Blank______ to sell.
Consumer behavior intersects with public policy in a number of ways including those revolving around ______________, because many people are unable to navigate the marketplace as a result of disabilities, illiteracy, or other conditions.
Consumer behavior intersects with public policy in a number of ways including those revolving around market access.
What is Consumer behavior?Consumer behavior serves as the activities of the consumer which is associated with the purchase of goods.
Therefore, these behavior is needed for
disposal of goods and services and this intersects with public policy.
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Taylor gives up a 5 hour shift at work to attend a concert. The ticket price is $30. At work, Taylor makes $15.00 an hour. To an economist, what is the cost to Taylor of attending this concert
The cost to Taylor of attending this concert is $105.
What is the cost?
The amount of money that an establishment spends on the creation or manufacturing of goods or services is referred to as cost.
The formula of calculating the cost are:
Attending the cost of the concert = Total implicit + Total explicit costs.
According to the given information,
Explicit cost is the price of ticket= $30
Implicit cost is the forgone wage =$15×5 = $75
Then,
Attending the cost of the concert =$30+$75=$105
Therefore, the attending cost of the concert is $105.
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Which of the following is not one of the four basic financial statements? a.income statement b.statement of cash flows c.statement of changes in financial position d.balance sheet
Financial statements are written records that indicate the business activities and the financial performance of a company. Hence, the document that is not a financial statement is option C.
What are the four types of financial statements?The four main financial statements are:
balance sheets; income statements; cash flow statements; and statements of shareholders' equity.Therefore, only option C. statement of changes in financial position is not among.
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You have been hired as an assistant to the head network administrator in an ISP (Internet service provider). While setting up the network for one of your clients, he wants you to check whether sufficient security precautions have been taken to ensure none of the customer's switches becomes the ISP's root bridge. Which of the following will you use in this scenario to ensure that the appropriate security measures have been taken?
a) A BPDU guard
b) A root bridge
c) A root guard
d) A BPDU filter
"You have been hired as an assistant to the head network administrator in an ISP (Internet service provider)...." to ensure that the appropriate security measures have been taken you use a root guard. Option C. This is further explained below.
What is a root guard?Generally, a root guard is simply defined as on a port-by-port basis, root guard is an STP characteristic that prevents a specified port from being the root of the network.
In conclusion, In order to guarantee that the proper security measures have been performed, you utilize a root guard as an assistant to the chief network administrator in an ISP.
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Widgets, Inc. makes a $300 on Widhets, Inc. makes a $300 account sale to Custom Motors. How is the sale recorded in the Accounts Receivable subsidiary ledger?
A. It is recorded upon payment
B. as $300 payment
C. as $300 credit
D. as $300 debit
Sam has a great paying job, has no dependents, and owns his own apartment. He wants to take out an appropriate loan to finance the rest of his graduate business degree, which he plans to study for at night, at a cost of $40,000. What type of loan would he consider if he really does not like to carry much, if any, debt
Sam would collect student loan if he really does not like to carry much, if any, debt.
What is loan?Loan involves borrowing certain amount of money usually from a lender.
The borrower and lender agree on a payment plan that will ensure the payment of the loan.
Therefore, Sam would collect student loan if he really does not like to carry much, if any, debt.
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3-Define "Pure Risk"
and provide and
provide an example
Pure risk is a risk in which there is only a possibility of loss or no loss—there is no possibility of gain. Pure risk can be categorized as personal, property, or legal risk.
Example:
→ A car accident.
If a person damages a car in a accident, there would obviously be no gain from it. The only outcome possible of this event would result in a loss, making this example a pure risk.
If the price is raised to $7, what would be the result in the market place? (Surplus, Shortage, or Equilibrium).
