The RESPA Uniform Settlement Statement must be used to illustrate all settlement charges for residential transactions financed by federally related mortgage loans.
More about RESPA Uniform Settlement Statement:
The United States passed the Real Estate Settlement Procedures Act (RESPA). Congress mandated full disclosure of settlement costs to purchasers and sellers in 1975.
RESPA was also developed in order to limit the usage of escrow accounts, forbid kickbacks, and remove abusive tactics in the real estate settlement process. The Consumer Financial Protection Bureau is now in charge of enforcing the federal law known as RESPA (CFPB).
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demand is said to be inelastic if question 5 options: a) demand shifts only slightly when the price of the good changes. b) buyers respond substantially to changes in the price of the good. c) the quantity demanded changes only slightly when the price of the good changes. d) the price of the good responds only slightly to changes in demand
Demand is said to be inelastic if the quantity demanded changes only slightly when the price of the good changes (option C).
What is inelastic demand?Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand is the ratio of percentage change in the quantity demanded to the percentage change in the price of the good. Demand can either be elastic, inelastic or unit elastic.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
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Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
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A country usually imposes an embargo on another country for economic reasons rather than political reasons.
True or False
Answer:
True
Explanation:
Hopefully this helps.
Answer:
False
Explanation:
Took test
If compensation for senior management is based on short-term performance of the firm, in the short run the firm is likely to:
a. overstate its earnings
b. understate its earnings
If compensation for senior management is based on the short-term performance of the firm, in the short run, the firm is likely to overstate its earnings. Hence, the correct option is (A).
In such a scenario, the senior management focuses more on short-term benefits that can be achieved by manipulating the company's financial results. This can lead to a distortion of the financial statements of the firm. Overstating earnings can increase the value of the company's stock and result in higher compensation for senior management. However, this practice is not sustainable in the long term, as it may result in negative long-term effects for the company, such as a decrease in shareholder value, loss of investor confidence, and potential legal repercussions. Thus, it is important for companies to focus on long-term growth and stability rather than short-term gains.
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the cost of estimated accounts receivable that will not be collected is referred to as
Answer: bad debt expense
In LMX theory, what ultimately determines whether the follower becomes a member of an in-group or an out-group?
Answer:
d. the leader's perception of the follower
Explanation:
LMX theory stands for leader-member exchange theory and is an approach to leadership that focuses on the two-way relationship that exists between the leaders and followers of a group. Therefore the whether the follower becomes a member of an in-group or an out-group depends on the leader's perception of the follower. Mainly because the leader makes this decision and bases it around what they ultimately think about the follower.
Estevan received a questionnaire in the mail asking about his general buying habits. He was asked to identify the specific products that he typically buys, and the amount of each product that he typically uses. If Estevan completes the questionnaire and returns it, he will have taken part in research that incorporates...
a. the survey method
b. naturalistic observation
c. a case study approach
d. archival research
If Estevan completes the questionnaire and returns it, he will have taken part in research that incorporates the survey method (option a).
What is Survey Method?The survey method involves using questionnaires to gather information from a large group of people about their opinions, behaviors, or experiences.
If Estevan completes the questionnaire and returns it, he will have taken part in research that incorporates the survey method. A survey method incorporates the use of a questionnaire to gather data from people about specific topics. Hence, if Estevan completes the questionnaire and returns it, he will have taken part in research that incorporates the survey method. The survey method is used in research to collect data from a larger sample size. This is useful when the research question is such that it requires a representative sample to be taken from the population to arrive at a general conclusion. In this method, the researcher gives the respondents a set of standardized questions on a topic, and they give their opinions, beliefs, or attitudes.
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How are layoffs different from firing?
Answer:
The difference between being laid off and fired is who is at fault. Being fired means you are terminated from your job due to something that the company deems was your fault. If you are laid off, that means the company deems that they are at fault.
Explanation:
Explain effective demand in your
own words
Explanation:
Effective demand refers to a situation in which equilibrium output is determined solely by the level of aggregate demand. This is because of the assumption that supply is perfectly elastic. If there exists any difference between AD and AS, the equilibrium output will be determined only by AD.
1. Which of the following is the money or other resources needed to pay for a part or
parts of the company?
A. Investment
B. Purchasing cost
C. Grant
D. Finance
Answer:
A. Investment
Explanation:
The money that you need to pay to purchase and acquire a part of a company is an investment. This investment can be used, for example, to buy stock. A stock is a title of ownership of a company for the percentage of the company that the stock represents. If I own 100 stocks that represent 1% of a company, then, I own 1% of that company. In other words, my investment (my money) is worth 1% of said company.
T/F: passage a either you're going to give me your sandwich, or else i will have to punch you in the eye.
FALSE: Passage a either you're going to give me your sandwich, or else I will have to punch you in the eye.
This statement is a false representation of a healthy and respectful communication style.
It uses intimidation and violence as a means of achieving a desired outcome, which is not an acceptable way to interact with others.
It is important to communicate our needs and desires in a clear and respectful way, while also being open to compromise and negotiation.
Threatening violence or harm to someone else is not a productive way to resolve conflicts or differences. It is important to prioritize safety and respect in all interactions with others.
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Taxes represent __________ of the business. Multiple Choice an equity liability a cash inflow a cash outflow an accounts receivable liability
The taxes that are being paid by a business firm represents: C. a cash outflow.
Taxation can be defined as the involuntary and compulsory fees that are usually levied on individuals or business firms (entities) by the government, so as to generate revenues which are used in funding public institutions and activities.
Basically, these taxes that are being paid by individuals or business firms (entities) is considered as a cash outflow because it represents money that are flowing out of their accounts.
In conclusion, an amount of money that is flowing out of an account such as taxes is referred to as a cash outflow.
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Which career would organize, train, and support teachers and educational workers to help them provide better
instruction?
O distance learning coordinator
O education administrator
O instructional coordinator
O regulatory affairs specialist
Answer:
it is C instructional coordinator
Explanation:
In connection with the annual audit, which of the following is not a "subsequent events" procedure?
A) Prepare any necessary closing journal entries.
B) Examine the minutes of stockholders and directors meetings subsequent to the balance sheet date.
C) Review journals and ledgers.
D) Obtain a letter of representation.
In connection with the annual audit, Prepare any necessary closing journal entries are not a "subsequent events" procedure. So the option A is correct option.
An event that occurs after a reporting period but before the financial statements for that period has been released or is available for release is referred to as a subsequent event. Such events could or might not need to be disclosed in the financial statements of an organization, depending on the circumstances.
An event offers extra details about the circumstances existing at the time of the balance sheet, including the assumptions made when preparing the financial statements for that time period.
An event offers fresh details regarding circumstances that weren't known at the time of the balance sheet.
Hence, in connection with the annual audit, Prepare any necessary closing journal entries are not a "subsequent events" procedure. So the option A is correct option.
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true or false: Directors bring the unifying concept/vision to the production, guiding the rest of the creative team.
Directors bring the unifying concept/vision to the production, guiding the rest of the creative team. The given statement is true.
What is the goal of a creative director?From conception to completion, overseeing the creative process. Convert marketing goals into distinct creative approaches. collaborate closely with cross-disciplinary project teams, especially those in IT. Lead and oversee the production of all marketing materials by the creative team.
The artistic director plans and directs the execution of a production's artistic vision and focus, and frequently the entire program presented by a theater. This role may be combined with that of the Chief Executive, depending on the size and management style of the theater.
Thus, the mentioned above given statement is true.
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Attracting attention, describing contents, explaining benefits, and identifying the uses of a product are all functions of:_______
a) market segmentation.
b) upcs.
c) target marketing.
d) packaging.
Correct answer is D. Attracting attention, describing contents, explaining benefits, and identifying the uses of a product are all functions of: packaging.
Packaging is meant to protect products that may be held for distribution, storage, sale and use. This can also be defined as the process of designing, evaluating .
In addition, it can attract attention, describe the content, the benefits can be explained and the use of the product can be determined by this
What is market segmentation?Market segmentation is the division of a market into different groups of customers with, clearly similar product/service needs and requirements. Simply put, market segmentation is the division of the mass market into identifiable and distinct groups or segments, each with common characteristics and needs and exhibiting similar responses. for marketing actions.
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Describe two advantages of planned economy
Answer:
Some of the advantages are the equal distribution of wealth, reduced inequality,
low level of unemployment, and maximize social welfare.
Question 10 of 20
What is the difference between a market economy and a command
economy?
A. A market economy is determined by central authority and a
command economy is determined by consumers,
B. A market economy is determined by consumers while a command
economy is determined by both consumers and central authority
C. A market economy is determined by both central authority and
consumers while a command economy is determined by only
consumers
D. A market economy is determined by consumers and a command
economy is determined by central authority,
what is the differential cost of alternative b over alternative a, including all of the relevant costs? group of answer choices a. $105,000 b. $127,000 c. $44,000 d. $149,000
The differential cost of alternative B over alternative A, including all relevant costs, is $149,000.
When comparing alternative options, the differential cost represents the difference in total costs between the two alternatives. In this scenario, the differential cost of alternative B over alternative A is $149,000. This means that choosing alternative B would result in an additional cost of $149,000 compared to alternative A.
The calculation of the differential cost involves considering all relevant costs associated with each alternative. These costs may include direct expenses, indirect expenses, fixed costs, variable costs, opportunity costs, and any other expenses that are pertinent to the decision-making process. By calculating the total costs for each alternative and finding the difference, the differential cost can be determined. In this case, the differential cost of $149,000 suggests that alternative B would require an additional expenditure of that amount compared to alternative A.
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Donny owns and leases a coal mine to brian. the lease agreement states that brian will pay donny $4 per ton royalty on coal mined. what is brian's percentage depletion deduction for the current year from the information given below? gross income from coal $250,000 income from trucking coal 20,000 royalty paid donny 30,000 taxable income on coal (excluding depletion) 40,000 coal depletion rate 10%
Answer: $25,000
Explanation:
Given Data:
Gross income from coal = $250,000
Income from trucking coal = $20,000
Royalty paid to Donny = $30,000
Taxable income on call excluding depletion = $40,000
Coal depletion rate = 10%
Lease agreement = $4/ton
Therefore:
brian's percentage depletion deduction for the current year is
= gross income x coal depletion rate
= $250,000 x 0.1
=$25,000
Olivia asks several real estate agents to help her sell her house. A buyer is found. At the closing, no agent receives a commission. What type of listing agreement did Olivia make
Answer: Open Listing
Explanation: The seller sold the real estate herself therefore she did not have to pay a commission.
A company manufacturing shirts for a discount department store decides to create a new style of cotton shirt. The company would most likely produce shirts that will:.
A firm that makes shirts for a budget department store decides to develop a new cotton shirt type. The company would most likely make shirts that are less expensive to produce.
What is the name of the business?A corporation is a legal body that represents a group of people with a common goal, whether natural, legal, or a combination of both. A company can be run by the single person or a group of person decided to operate the company.
There are options in this question that are-
sell at a high pricebe less costly to createuse a nonrenewable resourcesatisfy the wants and needs of consumersThus, option B is correct.
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Answer: is
Be less costly to create.
Explanation:
When a firm uses its cash to buy back shares of stock, the repurchased shares are held by the corporation and are accounted for as:________
When a firm uses its cash to buy back shares of stock, the repurchased shares are held by the corporation and are accounted for as treasury stock. Treasury stock represents the company's own stock that has been repurchased and is no longer considered outstanding.
Accounting for treasury stock involves reducing the stockholders' equity section of the balance sheet by the cost of the repurchased shares. The cost of the treasury stock is recorded as a reduction in the retained earnings account, which reflects the amount of earnings that have been retained in the business rather than distributed to shareholders as dividends.
Treasury stock is reported as a contra-equity account on the balance sheet, with a debit balance that reduces the total stockholders' equity. It is typically disclosed separately from the company's outstanding common stock.
In summary, when a firm uses its cash to buy back shares of stock, the repurchased shares are held by the corporation and are accounted for as treasury stock. This transaction reduces the stockholders' equity and is recorded as a contra-equity account on the balance sheet.
In addition to the above explanation, it is important to note that the repurchased shares of stock can have various implications for the firm. When a company buys back its own shares, it may do so for several reasons. One common motive is to signal to the market that the company believes its shares are undervalued. By reducing the number of outstanding shares, the firm aims to increase the earnings per share, which may lead to an increase in the stock price.
Another reason for repurchasing shares is to distribute excess cash to shareholders. Instead of paying dividends, which are subject to taxes, the company can use its cash to buy back shares, which provides a benefit to shareholders through a potential increase in the stock price.
Furthermore, repurchasing shares can be a way for the company to adjust its capital structure. By reducing the number of outstanding shares, the firm can increase the ownership percentage of existing shareholders, potentially enhancing their control over the company.
So, when a firm uses its cash to buy back shares of stock, the repurchased shares are held by the corporation and are accounted for as treasury stock. This transaction has implications for the company's financial statements, stock price, and ownership structure.
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Shock Electronics sells portable heaters for $35 per unit, and the variable cost to produce them is $22. Mr. Amps estimates that the fixed costs are $97,500.
a. Compute the break-even point in units.
Break-even point in units is 7,500 unit
Given that;
Cost of each heater = $35
Variable cost of each heater = $22
Fixed cost = $97,500
Find:
Break-even point in units
Computation:
Contribution = Sales - VC
Contribution = $35 - $22
Contribution = $13
Break-even point in units = Fixed cost / Contribution
Break-even point in units = 97,500 / 7
Break-even point in units = 7,500 unit
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Damian works at ulta. A customer approaches him and mentions they saw an advertisement for a new eyeshadow palette that just came out. Damian informs the customer that the store is sold out but will get a new shipment in two weeks. Damian also informs the customer the store has several eyeshadow palettes that are very similar and leads them to a product that he feels will meet their needs. Damian is engaging in _______.
By tellin the customer that he store has products that are similar to what he thinks would fulfill their needs, he is engaging in personal selling.
What is personal selling?This is the type of selling that is known as the face to face type of selling. In this type of selling, the customer would be engaged by the seller in a way that would get him to buy products.
It is a promotional type of marketing that is done to get a customer to buy a product.
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2. What are some banks, non-banks, technology and retail companies? Name 1 of each and explain what they are and what they do?
Banks are businesses that provide a range of financial services, such as mortgages, savings accounts, and loans. JPMorgan Chase, one of the biggest banks in the US, is an illustration of a bank. Financial services offered by JPMorgan Chase include banking, investing, and credit card services.
What are retail companies?Businesses that sell goods directly to customers are known as retail companies. Walmart, one of the biggest retailers in the world, is a good example of a retail business. Walmart runs a network of grocery stores, discount department stores, and hypermarkets and provides customers with a variety of goods and services.
Companies that provide financial services but lack a banking license are known as non-bank financial institutions. American Express, a provider of credit cards, debit cards, and other financial services, is one example of a non-bank financial institution.
Therefore, banks, non-banks, technology, and retail companies are stated above.
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How does saving money help people avoid debt?
A.by helping them reduce interest payments
B. By helping them get approved for loans
C.by helping them apply for credit cards
D. By helping them cover unforeseen expenses
Answer:
D. By helping them cover unforeseen expenses
A $50 petty cash fund has cash of $20 and valid receipts for $30. the entry to replenish the fund would include a:________
A $50 petty cash register has $20 in cash and $40 in valid receipts. Replenishment entries include: Cash deposit of $30.
Cash book entries are debits to cash accounts and credits to cash accounts. Accountant replenishes cash drawer or box. The cash drawer or box should contain the original amount of cash for the fund. The cashier creates journal entries to record cash receipts.
When you refill the cash register, the cash account is credited with the sum of all expenses since the last time you refilled the cash register. During the bank reconciliation process, pending checks are deducted and checking accounts are added to your statement balance.
For this reason, businesses typically install petty cash boxes that are restocked every two to four weeks. Businesses delegate their cash register responsibilities to a person called a cashier or treasurer.
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If the cost, C. for manufacturing \( x \) units of a certain product is given by \( C=x^{2}-15 x+50 \), find the number of units manufactured at a cost of \( \$ 11.550 \).
The number of units manufactured at a cost of $11,550 is 15 units.
To find the number of units manufactured at a specific cost, we need to set the cost equation equal to the given cost and solve for the number of units.
Given cost: $11,550
Cost equation: C = \(x^2\)- 15x + 50
Setting the equation equal to the given cost:
11,550 = \(x^2\)- 15x + 50
Rearranging the equation:
\(x^2\)- 15x + 50 - 11,550 = 0
Combining like terms:
\(x^2\) - 15x - 11,500 = 0
Now we can solve this quadratic equation. Using factoring or the quadratic formula, we find that the solutions are x = 15 and x = 770. However, since we're dealing with the number of units manufactured, the solution of 770 is not realistic in this context. Therefore, the number of units manufactured at a cost of $11,550 is 15 units.
This means that when 15 units of the product are manufactured, the cost of production will amount to $11,550.
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an offer that can only be accepted by an offere's performance creates a(n) __________________________ contract
Answer: unilateral contract
Explanation:
An unilateral contract is a contact that is formed when an individual offers to do a particular thing in return for either money or something else that was agreed on.
Once such individual does that thing, he or she has to be given what was agreed on in the contract. A typical example is the contact regarding an insurance policy.
Therefore, an offer that can only be accepted by an offere's performance will create a unilateral contact.