Initially a prepayment for items such as rent or insurance are recorded as assets and later are recorded as a in the period the benefit expires.
What Justifies Prepaid Expenses as Assets?Because they are payments made in advance by a company in exchange for future delivery of products or services, prepaid expenses are seen as current assets. Typically, prepaid expenses involve the acquisition of an item that will benefit the organization over a number of accounting periods, such as rent or insurance (often six months or a year). Due to the fact that it indicates a future benefit owed to the company, the business records prepaid expenses as assets on the balance sheet. Amounts are expensed to the income statement as the asset's value declines over time as the benefits of the good or service are realized.
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10)
How might a mission statement help Donna with her new
business?
A mission statement can help Donna with her new business by providing clarity and direction for her venture. It serves as a guiding statement that outlines the purpose, values, and goals of the business.
It helps Donna align her decisions, actions, and strategies with the overall mission, facilitating focus and consistency in her business operations. A mission statement is a concise statement that articulates the purpose and core values of a business. It outlines what the business aims to achieve and how it intends to operate. For Donna, having a mission statement for her new business can provide several benefits.
Firstly, it helps Donna define the purpose and direction of her business. It clarifies the reason for starting the business and what it aims to accomplish, providing a sense of focus and clarity.
Secondly, a mission statement helps Donna communicate her business's values and principles to stakeholders, including employees, customers, and investors. It sets the foundation for building a strong company culture and aligning everyone's efforts toward a common goal.
Lastly, a mission statement can serve as a guide for decision-making and strategy development. When faced with choices or challenges, Donna can refer to her mission statement to ensure that her actions align with the overall purpose and values of her business.
A mission statement plays a crucial role in helping Donna with her new business by providing clarity, guiding decision-making, and aligning stakeholders toward a common vision.
In conclusion, a mission statement can significantly benefit Donna in her new business. It provides clarity and direction, communicates values to stakeholders, and guides decision-making and strategy development. By establishing a mission statement, Donna can effectively define her business's purpose and goals, foster a strong company culture, and make informed decisions that align with her business's overall mission. This helps create a solid foundation for success and growth in her new venture.
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During the process of ________, the owner may abandon the property because the rents that can be collected are less than the costs involved in upkeep. urban blight gentrification filtering redlining blockbusting
Gentrification is a process where neighborhoods undergo significant changes, typically characterized by the influx of more affluent residents and an increase in property values.
Blockbusting is a related term that refers to a practice where real estate agents would encourage white homeowners to sell their properties at a low price, by claiming that people of color were moving into the area and would cause property values to decline. This unethical practices was used to profit off of racial fears and prejudices and contributed to the segregation of neighborhoods. The term "redlining" refers to a practice where banks and other lenders would refuse to provide loans or other financial services to people in certain neighborhoods, often based on race or ethnicity. This practice further exacerbated economic inequality and made it difficult for people in these neighborhoods to build wealth and invest in their communities."Filtering" is a process where properties become more affordable over time, as they age and newer, more expensive properties are built. This process can lead to lower-income residents being able to access housing in areas that were previously unaffordable, but it can also lead to neglect of older properties and disinvestment in neighborhoods.
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Which questions about risk should someone ask before making a big purchase?
Answer:
what problems could be dangerous?
Explanation:
The ________ view of social responsibility is that managers today are employees with a primary responsibility to shareholders and their single focus should be on generating financial returns.
In the classical view managers nowadays are employees with a primary duty to shareholders, and their main goal should be to produce financial returns. This is what is meant by social responsibility.
More about social responsibility:
In order to be socially responsible, a company should act in a way that benefits society as a whole as well as its shareholders. Many businesses, including those with "green" initiatives, have integrated social responsibility into their business models without sacrificing profitability.
Investors and customers which desire ventures that not only are successful but also enhance the well-being of mankind and the environment place a growing emphasis on social responsibility.
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According to the video, in which areas are Accountants and Auditors involved? Select four options. budgeting hiring training planning cost control employee compensation event planning
Answer: budgeting
planning
cost control
employee compensation
Explanation:
The areas that accountants and auditors are involved in in an organization include the budgeting, planning, cost control and employee compensation.
We should note that the accountant and the auditors are involved in the financial aspect of the company, hence, the reason for the options chosen.
Hiring and training is the function of the human resource department.
Answer: 1, 4, 5, and 6
1.) budgeting
4.) planning
5.) cost control
6.) employee compensation
Explanation: i hope this helps :)
Insurance: An insurance company sells a 1 -year term life insurance policy to an 83 -year-old woman. The woman pays a premium of $4000. If she dies within 1 year, the company will pay $90,000 to her beneficiary. According to the U.S. Centers for Disease Control and Prevention, the probability that an 83 -year-old Noman will be ative 1 year later is 0,9561 . Let X be the profit made by the insurance company. Part: 0/2 Part 1 of 2 (a) Find the probability distribution, The probability distribution is
Given,An insurance company sells a 1-year term life insurance policy to an 83-year-old woman. The woman pays a premium of $4000. If she dies within 1 year, the company will pay $90,000 to her beneficiary. Let X be the profit made by the insurance company.
The profit made by the insurance company X is equal to the difference between the premium collected and the payout made.Profit (X) = Payout - Premium collectedNow, we need to find the probability distribution of profit made by the insurance company in one year, which is a random variable, given that the probability that an 83-year-old woman will be alive after one year is 0.9561.Let us calculate the probability of the woman's death in one year.
The probability of the woman's death in one year is given by:P(death in one year) = 1 - P(survival in one year)= 1 - 0.9561= 0.0439Using the probability of the woman's death, we can construct the following probability distribution table for profit: Where, if the woman dies, the profit of the insurance company will be $86,000. And if the woman survives, the profit of the insurance company will be -$4000.Profit X Probability$86,000 0.0439-$4,000 0.9561Thus, the probability distribution of profit made by the insurance company is as follows:Probability distribution of profit:Profit X Probability$86,000 0.0439-$4,000 0.9561Therefore, the probability distribution is:Profit X Probability$86,000 0.0439-$4,000 0.9561
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Exports were $200, gdp was $2000, government purchases were $300, imports were $130, and investment was $400. what was seilerville's consumption in 2008?
Seilerville's purchase in 2008 was $1,230.apologies for the confusion.
seilerville's consumption in 2008 was $1,270.
to calculate seilerville's consumption in 2008, we can use the formula:
gdp = consumption + investment + government purchases + net exports
given:
gdp = $2,000
investment = $400
government purchases = $300
net exports = exports - imports
exports = $200
imports = $130
substituting the given values into the formula, we can solve for consumption:
$2,000 = consumption + $400 + $300 + ($200 - $130)
$2,000 = consumption + $400 + $300 + $70
$2,000 = consumption + $770
subtracting $770 from both sides:
consumption = $2,000 - $770
consumption = $1,230 let's rework the calculation with additional information.
given:
gdp = $2,000
investment = $400
government purchases = $300
exports = $200
imports = $130
to determine seilerville's consumption in 2008, we need to consider the components of gdp. gdp is the sum of consumption, investment, government purchases, and net exports (exports minus imports).
net exports = exports - imports
net exports = $200 - $130
net exports = $70
now we can rearrange the gdp equation to solve for consumption:
gdp = consumption + investment + government purchase + net exports
substituting the given values:
$2,000 = consumption + $400 + $300 + $70
rearranging the equation:
consumption = $2,000 - ($400 + $300 + $70)
consumption = $2,000 - $770
consumption = $1,230
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Progressives were most concerned with the ______________ of modern industrial society.
Progressives tried to address the difficulties generated by growing industrialization, urbanization, immigration, and political corruption, as well as the large concentration of industrial ownership in monopolies.
They were concerned about the rise of slums, poverty, and what they saw to be labor exploitation. Progressive Era reformers tried to use the federal government's power to eradicate unethical and unfair economic practices, decrease corruption, and mitigate the bad social repercussions of industrialization. Progressive reformers sought to reduce political corruption, improve people's lives, and enhance government intervention to safeguard citizens. The suffrage movement was part of this wave of Progressive Era reforms. Other progressive campaigns were led by prominent suffragists.
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Sunland Company owns equipment that cost $73,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on an estimated salvage value of $13,000 and an estimated useful life of 5 years. Prepare Sunland Company's journal entries to record the sale of the equipment in these four independent situations. (a) Sold for $39,000 on January 1, 2022. (b) Sold for $39,000 on May 1, 2022. (c) Sold for $22,000 on January 1, 2022. (d) Sold for $22,000 on October 1, 2022.
Answer and Explanation:
The journal entries are shown below;
(a)
Cash $39,000
Accumulated Depreciation $36,000 [($73,000 - $13,000) × 3 ÷ 5]
To Equipment $73,000
To Gain on Sale of Equipment $2,000
(being the sale of equipment is recorded)
(b)
Depreciation $4,000 [($73,000 - $13,000) ÷ 5 × 4 ÷12]
To Accumulated Depreciation $4,000
(being depreciation expense is recorded)
Cash $39,000
Accumulated Depreciation $40,000 ($36,000 + $4,000)
To Equipment $73,000
To Gain on Sale of Equipment $6,000
(being the sale of equipment is recorded)
(c)
Cash $22,000
Accumulated Depreciation $36,000
Loss on Sale of Equipment $15,000
To Equipment $73,000
(being the sale of equipment is recorded)
(d)
Depreciation $9,000 [($73,000 - $13,000) ÷ 5 × 9 ÷ 12]
To Accumulated Depreciation $9,000
(Being depreciation expense is recorded)
Cash $22,000
Accumulated Depreciation $45,000 ($36,000 + $9,000)
Loss on Sale of Equipment $6,000
To Equipment $73,000
(being sale of equipment is recorded)
.Over the business cycle, factors such as the quantity of capital, human capital and technology
A) grow but do not fluctuate as much as the quantity of labor employed.
B) change drastically, fluctuating more than the quantity of labor employed. C) fluctuate about the same amount as the quantity of labor employed.
D) do not grow and are therefore not the source of economic growth. E) change randomly, sometimes growing, sometimes falling.
Over the business cycle, factors such as the quantity of capital, human capital, and technology (A) grow but do not fluctuate as much as the quantity of labor employed. The correct option is A.
During the different phases of the business cycle, the quantity of capital, human capital, and technology tend to experience steady growth. However, these factors generally do not fluctuate as significantly as the quantity of labor employed. The labor market is often more volatile, with changes in employment levels happening more frequently due to shifts in demand, production, and economic conditions.
On the other hand, the quantity of capital, human capital, and technology may experience more gradual changes, as they are influenced by long-term investments and innovations. These factors contribute to economic growth, but their impact is more stable and less prone to sudden fluctuations in comparison to labor employment levels.
In conclusion, while the quantity of capital, human capital, and technology are essential components of economic growth, their fluctuations are generally less pronounced than those of the quantity of labor employed over the business cycle.
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Select the four principles that underlie the strategic marketing process.
The four principles that underlie the strategic marketing process are market orientation, market segmentation, product differentiation and market positioning.
1. Market Orientation: Companies need to have a customer-centric approach to marketing and be willing to adjust their marketing strategies to meet customer needs. This means that companies should focus on understanding their target audience, developing an effective positioning strategy, and building relationships with customers.
2. Market Segmentation: Companies should divide their markets into distinct groups of customers who have similar needs and preferences. By understanding different customer segments, companies can tailor their offerings to meet their needs.
3. Product Differentiation: Companies should differentiate their products and services from those of their competitors in order to stand out in the marketplace. This can be achieved through innovation, pricing strategies, and marketing tactics such as advertising and promotions.
4. Market Positioning: Companies should position their products and services in the minds of their target customers in order to gain a competitive advantage. This requires a clear understanding of the competition and the ability to communicate a unique message that resonates with customers.
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ace electronics signed a 10-year, $100,000, 4% note payable on january 1. when the note is signed, ace should record a liability of . multiple choice question. $104,000 $100,000 $140,000 $1,000,000
Ace electronics should record a liability of $100,000. Thus, option second is correct.
What is Liability?Liabilities are any obligations owed by the organization, such as borrowed funds, mortgages, unpaid payments, Promissory notes, or any other quantity of money owed to another person.
The obligation is must be recorded at the face amount when a note is signed. Because no interest was accumulated prior to the date of signing, the complete note value will be recognized as liability.
Therefore, it can be concluded that option second is correct.
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List two effects of the invention of the cotton gin.
Answer:
While it was true that the cotton gin reduced the labor of removing seeds, it did not reduce the need for slaves to grow and pick the cotton. In fact, the opposite occurred. Cotton growing became so profitable for the planters that it greatly increased their demand for both land and slave labor.
Answer:
Explanation:
reduced the time and labor required to produce cotton for market
enabled farmers to meet higher demand
cemented slavery in the South
made cotton the dominant crop in the South
we use photodiodes to track our orientation relative to the sun. briefly describe a possible signal chain from a photodiode to a microcontroller.
A possible signal chain from a photodiode to a microcontroller can involve several stages to convert the photodiode's analog output into a digital signal that can be processed by the microcontroller.
Here's a brief description of the signal chain:
Photodiode: The photodiode is a semiconductor device that generates a current proportional to the amount of light falling on it. It acts as a light sensor and converts incident light into an electrical signal.
Transimpedance Amplifier (TIA): The output current from the photodiode is typically very small. To amplify this current into a measurable voltage, a transimpedance amplifier is commonly used. The TIA converts the current from the photodiode into a voltage signal, with the gain of the amplifier being determined by the feedback resistor connected to the amplifier's input.
Signal Conditioning: Depending on the specific requirements and characteristics of the photodiode, additional signal conditioning circuitry may be employed. This could include filters to remove unwanted noise or interference, amplifiers for further gain adjustment, or voltage regulators to ensure stable power supply for the circuit.
Analog-to-Digital Converter (ADC): The analog voltage signal from the previous stages needs to be converted into a digital format for processing by the microcontroller. An ADC is used to sample the analog signal and convert it into a discrete digital representation.
Microcontroller: The digital signal output from the ADC is then fed into the microcontroller. The microcontroller is a programmable device that can process the digital data and perform various calculations or make decisions based on the received information.
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a) What is E-Banking? Talk about the Evolution of E-banking b) Why Is e-Banking Important?
E-banking plays a crucial role in enhancing customer experience, improving banking efficiency, and expanding financial inclusion by providing access to banking services to a wider population. It has become an integral part of the modern banking landscape and continues to evolve with advancements in technology.
a) E-Banking, also known as electronic banking or online banking, refers to the provision of banking services and transactions through electronic channels such as the internet, mobile devices, or other electronic platforms. It allows customers to access and manage their financial accounts remotely without the need to visit a physical bank branch. E-Banking has significantly transformed the way banking services are delivered and has revolutionized the banking industry.
The evolution of E-Banking can be traced back to the 1980s when banks started using computer networks for internal operations. The development of internet technology in the 1990s paved the way for the emergence of online banking services. Initially, e-banking primarily focused on providing basic functions like account balance inquiry and fund transfers.
b) E-Banking is important for several reasons:
1. Convenience: E-Banking provides customers with the convenience of accessing their accounts and conducting various banking transactions from the comfort of their homes, offices, or anywhere with an internet connection. It eliminates the need to visit physical bank branches, saving time and effort.
2. 24/7 Accessibility: Unlike traditional banking, e-banking services are available round the clock. Customers can check their account balances, make transfers, and pay bills at any time, even outside of normal banking hours.
3. Cost Savings: E-Banking reduces operational costs for both banks and customers. Banks can save on infrastructure and staff expenses associated with physical branches, which can result in cost-effective services and better interest rates for customers.
4. Speed and Efficiency: E-Banking enables faster and more efficient transaction processing. Funds can be transferred instantly, and payments can be made quickly, reducing the time and delays associated with traditional paper-based transactions.
5. Access to Services: E-Banking provides access to a wide range of banking services and products. Customers can apply for loans, open new accounts, invest in financial instruments, and access personalized financial advice, all through the online platform.
6. Enhanced Security: E-Banking has significantly improved security measures to protect customer information and transactions. Advanced encryption techniques, secure login procedures, and transaction monitoring systems help safeguard against fraud and unauthorized access.
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*ECONOMICS* please help
thank you to whoever answers
Answer:
I think B
Explanation:
I don't know much about economics, but don't you need to have decent credit to take a loan (borrow) from the bank?
look at the picture
Okay, Lets get started.
For number one lets make a company named "Bluberry"
One way we use technology is for creating our websites, Employing people, and to talk to our workers.
2. BlueberryBoss and BerryPIcker
The rest I have no Idea how to help with.
import all of the fields from the assets worksheet in the accounting excel file to a new table. Use the first row as column headings. Do not change any field information. Use the AccountID field as the primary key. Accept the new table Assets. Do not save the import steps.
To import all of the fields from the Assets worksheet in the accounting Excel file to a new table using the first row as column headings,
You can follow these steps:
Open the accounting Excel file and select the Assets worksheet.
Click on the "Data" tab in the Excel ribbon and select "From Other Sources."
In the "From Other Sources" dialog box, select "Microsoft Query."
In the "From Microsoft Query" dialog box, select the Assets worksheet and click "OK."
In the "Microsoft Query" dialog box, select the first row as the column headings.
Click "OK" to close the "Microsoft Query" dialog box.
Click "Close" to close the "From Other Sources" dialog box.
Click "OK" to close the Excel file.
Open a new table in the accounting software that you are using.
Click on the "Data" tab in the ribbon and select "Import."
In the "Import" dialog box, select the Assets worksheet from the Excel file that you just opened and click "OK."
The new table will be populated with the data from the Assets worksheet, and the AccountID field will be used as the primary key.
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Which marketing component
addresses the outward-facing
message of the product?
A. Branding
B. Promoting
C. Pricing
D. Packaging
Answer: B
Explanation: I think it is B because it is when all customers are seeing and launching your product.
the south african rand has a one-year forward premium of 2 percent. one-year interest rates in the u.s. are 3 percentage points higher than in south africa. based on this information, is covered interest arbitrage possible for a u.s. investor if interest rate parity holds?, covered interest arbitrage possible for a u.s. investor because the interest rate differential is than the forward premium.
Investors need to carefully monitor market conditions and adjust their strategies accordingly to minimize their risks and maximize their returns.
Based on the given information, covered interest arbitrage is possible for a U.S. investor if interest rate parity holds. This is because the one-year interest rates in the U.S. are 3 percentage points higher than in South Africa, which means that U.S. investors can earn higher returns on their investments in the U.S.
To take advantage of this situation, a U.S. investor can borrow in the U.S. at the higher interest rate, convert the dollars into rand, invest in South Africa at the lower interest rate, and then sell the rand forward to lock in the 2 percent forward premium. This strategy would result in a risk-free profit of 2 percent.
However, it is important to note that covered interest arbitrage is only possible if interest rate parity holds. If there are any deviations from interest rate parity, such as transaction costs, capital controls, or political risks, then the arbitrage opportunity may disappear. Therefore, investors need to carefully monitor market conditions and adjust their strategies accordingly to minimize their risks and maximize their returns.
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The Berlin airlift operation, nicknamed "Operation Vittles," provided food, fuel, and basic supplies for Allied forces stationed in Berlin during World War II.
True
False
Answer:
False.
Explanation:
After the end of World War II, Germany was separated into four sectors, according to the nations controlling it. The nation was divided into four parts- Soviet, American, British, and French-controlled zones. This division was further taken in the case of Berlin, the capital city, dividing it among the four nations.
And the Soviets, in an attempt to drive the other three nations away from the capital city, blocked all forms of road access. The plan was to stop any flow of resources and necessities and it will result in France, Britain, and America abandoning their sections of Berlin.
But, taking advantage of the free airspace, the three nations began using their aircraft to drop basic supplies to the people living in their parts of Berlin. This operation was codenamed "Operation Vittles".
Thus, the correct answer is false. For, the airlift operation was to provide the basic necessities to the people, not the Allied forces station in Berlin.
What role does product/service management play in marketing?.
Answer:
El Marketing de Servicios es un conjunto de tácticas que tienen como objetivo agregarle valor al servicio ofrecido, con el fin de persuadir al cliente para que opte por una determinada empresa. A través de una estrategia de Marketing de Servicios, es posible garantizar la máxima satisfacción de consumidores y usuarios
Explanation:
Answer:
✒️Answer:Product/service management is a marketing function that involves obtaining, developing, maintaining, and improving a product or service mix in response to market opportunities.
Explanation:
#CarryOnLearning\(watch.some.anime\)
1 , what are the agent of socialization
Answer:
Agents of socialization, or institutions that can impress social norms upon an individual, include the family, religion, peer groups, economic systems, legal systems, penal systems, language, and the media.
Explanation:
which of the following is the systematic process through which managers regulate organizational activities? a. organizational leading b. organizational control c. strategic planning d. strategic regulation e. organizational goal setting
b. Organizational control is the systematic process through which managers regulate organizational activities. It involves monitoring performance, comparing actual results to desired outcomes, and taking corrective action as necessary to ensure that goals are achieved.
Organizational control encompasses a range of activities, including setting standards, measuring performance, and making adjustments to improve performance. Effective organizational control is critical to the success of any organization. It enables managers to ensure that resources are being used efficiently and effectively, that employees are performing their jobs in accordance with established standards, and that the organization is meeting its goals and objectives. Without effective control mechanisms in place, an organization can quickly become inefficient and ineffective, and may fail to achieve its objectives.
In order to establish effective organizational control, managers must first establish clear goals and objectives, develop appropriate performance measures, and establish mechanisms for monitoring performance. They must also be willing to take corrective action when necessary, and to make adjustments to their strategies as circumstances change. By doing so, they can ensure that their organizations are well-managed, efficient, and effective, and that they are able to achieve their goals and objectives over the long-term.
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Explain the criticisms of labor unions today. 25 POINTSS
One major criticism of labor unions today is that they have become too large and are out of touch with workers’ needs. In the past, union leadership has shown a pattern of corruption and many people worry that this trend continues today. Some people argue that union activity has hurt the US economy; higher union wages have meant higher prices for consumer goods and the introduction of improved technology has been slow as unions fear it will result in fewer employees.
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On December 28, Kerr Manufacturing Co. purchased goods costing $50,000. The terms were F.0.B. destination. Some of the costs incurred in connection with the sale and delivery of the goods were as follows.
Packaging for shipment $1,000
Shipping 4,500
Special handling charges 2,000
These goods were received on December 31. In Kerr's December 31 balance sheet, what amount of cost for these goods should be included in inventory?
Which of the following should show a profit in order for a financial institution to give a the company a loan
a) income statement
b) rent expense
c) accelerated depreciation
d) accounts receivable
Answer:
A I think not really sure hope this helps you
Which of the following is a disadvantage to Linux?
Olearning curve
O customizability
O cost
Ofreedom
Answer:
Learning curve
Explanation:
A company using public relations sends information to media outlets such as newspapers and ratio stations. Who decides what Information about the company the outlets will publish?
Answer:
The media outlets should be correct
Explanation:
A P E X
write a story about what could happen if you purchase a home without a
financial plan in action. In other words, what could go wrong, what could
happen as a result, and how could it have been handled differently?
i'm not going to write the whole story but i'll give you a few details :)
- the person ends up buying a house that was falling apart, pipes breaking/leakage, roof falling apart, floorboards splitting.
- goes for a loan to fix the house but doesn't know the process of the loan and gets put into debt.
- tries to fix the house himself cheaply, it works for a week then it goes back to what it was. a lot more holes and breaks show up. hires someone to come fix the things that were breaking and gets put farther into debt and loses a lot of money.
- falls behind on his mortgage and eventually, the house gets repossessed (sorry if i spelt that wrong)