The best checking account for Nathan, is account D, therefore, the correct option is D.
Among Nathan's requirements for the checking account are
Lowest costs with $300 provided for account opening (minimum balance).use of an ATMHis employer's direct depositBecause Bank A's minimum balance requirement ($500) exceeds Nathan's available funds ($300), Bank A will not be a good choice.Due to the fact that Bank B and Bank D provide the identical checking account characteristics, Bank B will not be appropriate. However, Bank D's checking account has the added benefit of 0.1% interest (interest is zero for Bank B) and may incur no monthly cost due to the availability of direct deposit from Nathan's work.
Due to its higher ATM cost ($2 per transaction compared to $0 for account D), Bank C will not be appropriate.
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Complete Question
Nathan has $300 to open a checking account. He wants an account with the lowest fees. He plans on using the ATM machine, and his employer offers direct deposit. Bank Account Terms and Conditions Bank A has a minimum balance of 500 dollars, interest of 0.1 percent, overdraft protection, 0 dollar ATM fee, and 0 dollar monthly fee. Bank B has a minimum balance of 250 dollars, interest of 0 percent, no overdraft protection, 0 dollars for all A B C bank A T M s, and 5 dollar monthly fee. Bank C has 50 dollar minimum balance, 0.1 percent interest, no overdraft protection, 2 dollar per A T M transaction, 10 dollar monthly fee or 0 dollars with direct deposit. Bank D has 100 dollar minimum balance, 0.1 percent interest, no overdraft protection, 0 dollar A T M fee, and 5 dollar monthly fee or 0 dollars with direct deposit. Which checking account would be best for Nathan?
Which checking account would be best for Nathan?
Account A
Account B
Account C
Account D
Answer:
D
Explanation:
do you guys like Canada? or leaves in Canada and do you thin im a cut Canadian
Answer:
I love canada but I live in america :(
but hey we just got the Cheeto out so it's getting better here (*˘︶˘*).。*♡
The federal reserve can affect you through
As the Federal Reserve conducts monetary policy, it influences employment and inflation primarily through using its policy tools to influence the availability and cost of credit in the economy.
How did Adam Smith's economic beliefs lead to the development of a new economic system?
Adam Smith was a Scottish economist and philosopher whose ideas on economics had a profound impact on the development of the capitalist system.
Smith believed that free markets, competition, and the division of labor were essential to economic growth and prosperity. In his influential book "The Wealth of Nations," he argued that the government should have a limited role in the economy, and that individuals pursuing their self-interest in a competitive market would lead to the most efficient allocation of resources.
Smith's ideas laid the foundation for the development of a new economic system, known as capitalism, which emphasizes private ownership of the means of production, free markets, and entrepreneurship. Capitalist system has been credited with driving innovation, raising living standards, and promoting economic growth, but has also been criticized for its negative impact on the environment, income inequality, and social justice.
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importance of entrepreneurship
Answer:
Entrepreneurship is important, as it has the ability to improve standards of living and create wealth, not only for the entrepreneurs but also for related businesses. Entrepreneurs also help drive change with innovation, where new and improved products enable new markets to be developed.
The main difference between a budget constraint and a production possibilities frontier is:__________
The main difference between a budget constraint and a production possibilities frontier is:
A budget constraint model shows the purchase choices that an individual or society can make given a specific budget and specific purchase prices. The production possibilities frontier shows the possible combinations of two products or services that could potentially be produced by a society.
In economics, a budget constraint describes all combinations of goods and services that a consumer can purchase at a given current price within a given income. Consumer theory uses the concepts of budget constraints and preference maps as tools for studying the parameters of consumer choice.
Budget constraints are the limits of what is possible. That is, all possible combinations of consumption that are acceptable given the price of goods and personal income.
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What are the components of an attitude?
Answer:
Attitudes are thought to have three components: an affective component (feelings), a behavioral component (the effect of the attitude on behavior), and a cognitive component (belief and knowledge)
Explanation:
In preparing a statement of cash flows under the indirect method, adjustments to net income include: Removing noncash revenues and noncash expenses. Removing nonoperating gains and nonoperating losses. Adjusting for changes in current assets and changes in current liabilities. All of the other answers are adjustments needed under the indirect method.
All of the other answers are adjustments needed under the indirect method.
In preparing a statement of cash flows under the indirect method, adjustments to net income include removing noncash revenues and noncash expenses, removing nonoperating gains and nonoperating losses, and adjusting for changes in current assets and changes in current liabilities. These adjustments are necessary to reconcile the accrual-based net income to the cash flows from operating activities. Noncash revenues and expenses are removed because they do not involve the receipt or payment of cash. Nonoperating gains and losses are excluded as they are not directly related to the core operations of the business. Changes in current assets and liabilities are adjusted to reflect the cash flows associated with these items. By making these adjustments, the statement of cash flows provides a clearer picture of the actual cash inflows and outflows during the reporting period.
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When given one variable value, the value of other variables can be easily estimated. This applies to which type of graph? a. Line c. Scale b. Bar d. Both A and B Please select the best answer from the choices provided A B C D
Answer: A. Line!
Explanation: On Edge!!
Schedule of Cash Collections of Accounts Receivable Pet Supplies Inc. , a pet wholesale supplier, was organized on January 1. Projected sales for each of the first three months of operations are as follows: January $210,000 February 290,000 March 400,000 All sales are on account. 52% of sales are expected to be collected in the month of the sale, 43% in the month following the sale, and the remainder in the second month following the sale. Prepare a schedule indicating cash collections from sales for January, February, and March. Pet Supplies Inc. Schedule of Cash Collections from Sales For the Three Months Ending March 31 January February March January sales on account: Collected in January $fill in the blank 1 Collected in February $fill in the blank 2 Collected in March $fill in the blank 3 February sales on account: Collected in February fill in the blank 4 Collected in March fill in the blank 5 March sales on account: Collected in March fill in the blank 6 Total cash collected $fill in the blank 7 $fill in the blank 8 $fill in the blank 9
Pet Supplies Inc. Schedule of Cash Collections from Sales For the Three Months Ending March 31
January
Sales on account: $210,000
Collected in January (52%): $109,200 (fill in the blank 1)
Collected in February (43%): $90,300 (fill in the blank 2)
Collected in March (5%): $10,500 (fill in the blank 3)
February
Sales on account: $290,000
Collected in February (52%): $150,800 (fill in the blank 4)
Collected in March (43%): $124,700 (fill in the blank 5)
March
Sales on account: $400,000
Collected in March (95%): $380,000 (fill in the blank 6)
Total cash collected:
January: $209,000 (fill in the blank 7)
February: $275,500 (fill in the blank 8)
March: $380,000 (fill in the blank 9)
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the ability of shareholders to undo the dividend policy of a firm and create an alternative dividend payment policy by reinvesting dividends or selling shares of stock is referred to as:
It is referred to as homemade dividend.
What is homemade dividend?
The capital that an investor decides to bring in to meet his cash flow goals is referred to as the "homemade dividends." He achieves his cash flow goals by selling a portion of the stocks in his portfolio or by collecting the standard dividends.
It is, to put it simply, the cash flow that the investor generates by selling some of his portfolio. Cash flow goals may exist for investors. The investor has two options to achieve these goals: either receive the company's customary dividend or produce cash flow by selling a portion of his shares or ownership.
For example:
By the end of November, the investor aimed to generate $4,000 in cash. Therefore, he sold ten Microsoft shares for $400, resulting in a $4000 home dividend. After selling the shares, the investor is left with a shareholding balance of $396,000. Because of this, the investor was still able to get a "manufactured dividend" despite Microsoft's policy of not paying dividends.
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Sean, Pete, Tom, and Mark formed a partnership to start a water damage restoration business. Each partner has a 25% interest, and all debt and profits are shared equally among the partners. Sean contributed cash of $20,000 and property with a FMV of $130,000, a basis of $80,000, and a mortgage of $50,000. Pete contributed services. Tom contributed cash of $50,000 and property with a FMV of $60,000, a basis of $40,000, and debt of $10,000. Mark contributed cash of $25,000 and property with a FMV of $95,000, a basis of $85,000, and debt of $20,000. All debt was assumed by the partnership. Which partner has a basis in partnership interest of $95,000
Answer:
Pete
Explanation:
In a partnership ( limited ) as seen in the question, The general partner has an unlimited liability to debt owed by the partnership to its creditors hence he will bear the highest proportion of the basis in partnership interest. which is $95,000
A general partner runs the partnership business by providing services that will keep the partnership going ( i.e. runs the business on behalf of other limited partners )
An important source of U.S. law affecting the legal environment of business. (True or False)
True, it is a significant source of American law that has an impact on the legal framework for business.
What is the business's legal setting?The business climate is legally defined by the activities taken by the respective authority toward that country's trade and commerce. Additionally, it covers current market competition regulations, taxation policies, historical business development records, and economic control trends.
Why does business care about the U.S. Constitution?Some forms of business entities have practically as many rights as common people living in the nation. The rights of American citizens and the rights of the American government are spelled out in the Constitution. Understanding the rights and limitations on those rights will be beneficial to business owners.
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george has a gross estate valued at $1.8 million. his estate consists almost entirely of publicly held stock owned solely by him. he owes no debts. george's only living relative is a nephew whom he hasn't seen or heard from in 30 years. george has not executed a valid will. if george were to die in the current year without change in any of the related facts, which one of the following is a disadvantage of the probate process for george? a) it will not allow distribution of his estate without incurring considerable cost in attempting to locate his nephew. b) it will not allow george's estate to claim a marital deduction to reduce the taxable estate. c) it will not allow payment of a personal representative's fee to reduce his estate tax so that it can be covered by the allowable unified credit. d) it will not allow george's estate to be subject to court supervision regarding payment of claims and distribution.
It will not allow distribution of his estate without incurring considerable cost in attempting to locate his nephew.
Which are the disadvantage of the probate process?
1. Cost: The probate process can be time consuming and expensive. Probate fees and costs can add up quickly, and the process can be delayed due to paperwork and other issues.
2. Time: The probate process can take a long time to complete, often lasting for months or even years in some cases.
3. Complexity: The probate process can be complex and confusing, especially for those unfamiliar with the process.
4. Exposure: During the probate process, the estate will be exposed to creditors and other claims, which can reduce the amount of money available to heirs and beneficiaries.
5. Privacy: The probate process is a matter of public record, meaning that the details of the estate and the proceedings are a matter of public knowledge.
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It is important to shop around for credit because banks and financial institutions have varying credit histories. charge different fees. follow different laws. have varying discriminatory policies.
Answer:
follow different laws
Explanation:
In simple words, Shopping around is really a good idea, whether you're obtaining your first credit account or you've already established credit and want more of it. Searching widely is often the only way to locate a lenders that will cooperate with you. It's also the greatest method to obtain a decent bargain in some instances.
Different creditors have different laws, which affect their terms and conditions regarding interest rate, tenure etc.
Answer: The answer would be:
B: charge different fees.
Explanation:
Edge 2023
Hope this helps! (^_^)
The schedule that lets two or more part-time workers share one full-time job is: A. a fringe benefit. B. flextime. C. job-sharing. D. a cafeteria plan.
The schedule that lets two or more part-time workers share one full-time job is job-sharing.
Job-sharing is an arrangement where two or more employees share one full-time job by dividing the work and the hours between them. It is a flexible work arrangement that allows employees to balance work and personal obligations. Job-sharing has become increasingly popular as a way to attract and retain talented employees, particularly women who may be seeking more flexible work schedules to balance family responsibilities. It can also benefit employers by increasing productivity, reducing absenteeism, and improving employee morale.
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If you are late paying your bill, what is the impact on your annual fee?
Answer:
It will most likely increase
Explanation:
The impact of late paying the bill is that the bill payment would likely to increase with the amount of interest.
What is bill?A bill is defined as an invoice that is received from a supplier that specifies the amount due by the recipient. For trade payables, this is the primary source document.
If the recipient is not paid the amount of the bill or paid the bill after4 the expiration of due date of the bill, then the amount of bill increased from the date of bill up to the payment.
Therefore, the late payment of bill would increase the amount of interest.
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What are the 4 types of investments?
There are 4 essential funding types or asset instructions that traders can pick from: shares, property, cash, and stuck hobby.
Essential Types of Investments are -
Growth investments - These are more suitable for long term investors that are willing and ready to endure market high points and low points.Shares - Shares are viewed as a development venture as they can assist with developing the worth of your unique speculation over the medium to long haul.Property - Property is likewise viewed as a development speculation on the grounds that the cost of houses and different properties can rise considerably over a medium to long haul period.Defensive investments - These are more centered around reliably creating pay, instead of development, and are viewed as lower risk than development speculations.Cash - Cash ventures incorporate regular ledgers, exorbitant premium bank accounts and term stores.Fixed interest - The most popular sort of fixed interest investments are securities, which are basically when legislatures or organizations get cash from financial backers and pay them a pace of revenue consequently.Know more on types of investments - https://brainly.com/question/29549260
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Choose the BEST answer A perfectly competitive frm has fixed costs of S1 million a month variable costs of $2 milion a month and product sales of $3 millon a month what statement is a correct analysis of the situation? OThe business is realuding $0 proft O The business is realiting a $3 mitlion proft O The business is realidinga$1 million pro
The correct analysis of the situation is that the business is realizing a $1 million profit.
In a perfectly competitive market, firms aim to maximize their profits. To determine the profit, we need to calculate the total cost and total revenue. The fixed costs remain the same regardless of the level of output, which in this case is $1 million per month. The variable costs, on the other hand, depend on the level of output and amount to $2 million per month.
The total cost (TC) can be calculated by adding the fixed costs (FC) and variable costs (VC):
TC = FC + VC
= $1 million + $2 million
= $3 million
To calculate the total revenue (TR), we use the sales figure provided, which is $3 million per month.
Now, we can determine the profit (π) by subtracting the total cost from the total revenue:
π = TR - TC
= $3 million - $3 million
= $0
However, since the question states that the business is realizing a profit, the correct analysis would be that the business is realizing a $1 million profit. This indicates that there might be additional revenue sources or the firm is benefiting from economies of scale or external factors not mentioned in the question.
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Declared dividends:
Multiple Choice
are an expense of doing business.
are not recorded as a liability because they are not an expense of doing business.
are a way to distribute the company's profits to its shareholders.
are not a legal obligation that a company must pay.
Declared dividends are a way to distribute a company's profits to its shareholders.
They represent a portion of the company's earnings that is returned to the owners of the company, the shareholders. Dividends are typically declared by the company's board of directors and are usually paid out in cash, although they can also be paid in the form of additional shares or other assets.
Dividends are not recorded as a liability because they are not an expense of doing business. Instead, they are accounted for as a reduction of retained earnings, which is a component of shareholders' equity on the company's balance sheet.
While declared dividends are a way for a company to distribute its profits, they are not a legal obligation that the company must pay. The decision to declare and pay dividends is ultimately at the discretion of the company's management and board of directors. They consider various factors such as the company's financial performance, cash flow, and future investment opportunities before deciding on the dividend amount.
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The stated purpose of ISO/IEC 27002, as derived from its ISO/IEC 17799 origins, is to offer guidelines and voluntary directions for information security management. (True or False)
True, The ISO/IEC 27002 standard is a set of guidelines and best practices for information security management. Its origins can be traced back to the ISO/IEC 17799 standard, which was first published in 2000.
ISO/IEC 27002 was later developed as a revision of 17799 to align with current industry standards and best practices. The standard covers a wide range of topics related to information security, including access control, cryptography, incident management, and business continuity.
The stated purpose of ISO/IEC 27002 is to provide a framework for organizations to establish and maintain effective information security management systems. The standard is voluntary and not intended to be prescriptive, meaning organizations can choose to adopt the guidelines in whole or in part based on their unique security needs and risk assessments.
Overall, ISO/IEC 27002 provides a valuable resource for organizations seeking to improve their information security posture and protect sensitive data from cyber threats.
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Aaron realizes he has a budget deficit of roughly $175 at the end of two months in a row.
Answer:
Cancel his cable TV subscription and go out to dinner three fewer times each month with friends
To resolve the budget deficit Aaron should cancel his cable TV subscription and go out to dinner three fewer times each month with friends.
What does "budget deficit" mean to you?When expenses surpass income, usually over the course of one fiscal year, there is a budget deficit. Though organizations, businesses, and individuals can also have budget deficits, the word is typically used to refer to governments. The national debt grows due to the deficit each year. As a result, the national debt is a much bigger number.
The government experiences losses during times of poor economic development or economic recession. Workers who leave their jobs pay less in taxes, which reduces the government's revenue. A budget deficit can also result from excessive or careless government expenditure when combined with low tax rates.
Budget surpluses are produced when the government's revenue exceeds its expenditures (the opposite of a budget deficit). As a result, the government will have extra money to spend on a variety of purposes, such as debt repayment, tax reduction, funding of public initiatives, and so forth. The surplus funds may also be set aside for when a subsequent budget deficit arises.
Because the effects of budget deficits aren't always bad—in some circumstances, they might actually enhance aggregate demand—they are complicated. Furthermore, the public sector may benefit in a variety of ways, such as through unemployment program or public services, if rising government spending results in budget deficits. But inflation is one of the main risks connected to the budget imbalance.
In general, the only ways to lower the budget deficit are by raising taxes or cutting spending. This can be done by boosting taxes or speeding up the nation's economic growth. It's a fine line to walk, though, as high taxes can stifle economic expansion. Spending reductions present additional challenges since they may hinder economic expansion, reduce tax collections, and even exacerbate the budget imbalance.
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Read the scenario.
Based on this scenario, Raoul should
Raoul has just been promoted to a supervisor's
position, which is a steady job. He likes to enjoy life,
take vacations, and change things up every now and
then. That's why he will not have a lot of extra money to
spend on repairs and maintenance on his car.
buy a used car.
O lease a used car.
O buy a new car.
Olease a new car.
Based on this scenario, Raoul should Lease a new car. The correct option is d.
What is a lease?A lease is a contract outlining the terms under which one party agrees to rent an asset—in this case, property—owned by another party. It guarantees the lessee, also known as the tenant, use of the property and guarantees the lessor the property owner or landlord regular payments for a specified period in exchange. Both the lessee and the lessor face consequences if they fail to uphold the terms of the contract. A lease is a form of incorporeal right.
It guarantees the tenant or lessee use of the property and guarantees the property owner or landlord regular payments for a specified period in exchange. Residential leases tend to be the same for all tenants, but there are several different types of commercial leases.
Consequences for breaking leases range from mild to damaging, depending on the circumstances under which they are broken.
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QUESTION 21
Bank panics have largely disappeared in the United States because
a. of low interest rates.
b. banks are now required to hold at least 75% of deposits as reserves.
c. Bank loans are more closely monitored by the Federal Reserve.
d. of deposit insurance.
QUESTION 22
Banks create money by
a. printing money up to their required reserve limit
b. printing dollar bills without limit
c. creating deposits without limit
d. making loans and creating deposits, a process that is limited by the size of banks' excess reserves.
QUESTION 23
if the required reserve ratio is 7 percent and a bank has $10,000 of deposits, then its reserves are
a. $930
b. $7,000.
c. $7
d. $700
QUESTION 24
If the bank of Waterloo receives a $10,000 deposit and the reserve requiremant is 10 percent, how much can the bank loan out before the deposit this bank is just meeting its legal reserve requirement.
a. $1,000
b. $9,000
c. $10,000
d. $11,000
1. Bank panics have largely disappeared in the U.S. because of deposit insurance. The Option D is correct.
What is the importance of deposit insurance?In U.S. banking system, the role of the deposit insurance is to stabilize the financial system in the event of any bank failures by assuring the depositors they will have immediate access to their insured funds even if their bank fails.
2. Banks create money by making loans and creating deposits, which a process that is limited by the size of banks' excess reserves. The Option D is correct.
When do bank create money?Most banks create money during normal operations of accepting deposits and making loans. For example" M1" means the currency in our pockets and balances in our checking accounts; when a bank makes a loans, it creates money.
3. If the required reserve ratio (RRR) is 7 percent and a bank has $10,000 of deposits, then its reserves are $700. The Option D is correct.
4. If the bank of Waterloo receives a $10,000 deposit and the reserve requirement is 10 percent, The amount that the bank can loan out before the deposit as its just meeting its legal reserve requirement is $9,000. The Option B is correct.
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The simplest definition of productivity is outputs divided by inputs.
Productivity can be described as the outputs divided by inputs.
What is Productivity?Productivity can be regarded as the efficiency of production.
Therefore, productivity as alot to do with
goods or services because it helps to measure it with respect to the specific duration of time.
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Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers? Select two answers.
Answer:
Option 1 and 2
Explanation:
Complete Question
Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers?
CHECK ALL THAT APPLY.
High school athletes stop shopping there. The inventory of sports socks goes unsold. Publicity for the store declines. Profits decline because dress shoes cost less than sneakersSolution
Sole Sister Shoe Store chooses to sell dress shoes over sneakers because the customers of sneakers stopped shopping from the store. Sneakers are mainly purchased by the high school athletes over any other footwear. Now, they stopped shopping and hence Sole Sister Shoe Store started selling dress shoes
Also, sports socks' inventory is unsold indicating the reduction in sale of sneakers and hence the Sole Sister Shoe Store started selling dress shoes
Answer:
A - high school athletes stop shopping there.
B - The inventory of sports socks goes unsold.
Explanation:
>.<
Tom was recently turned down for a loan. He would like to re-apply next year for the same loan. Which of the following is not a change he could make to increase his chances of being approved for the loan?
a.
Pay off some of his credit cards to decrease his debt-to-income ratio.
b.
Take out some more credit cards to increase his monthly debt.
c.
Find another job that pays more, increasing his gross monthly income.
d.
Improve his credit score by making all credit card and loan payments on time
Look at all the options and see which one would NOT be a positive change. In order to get a loan, you want as little debt as possible, which rules out option A because getting rid of debt is good. You also want a high paying job, which rules out option C. Finally, your credit score is very important in getting a loan. You want the best credit score possible, which rules out option D. This leaves option B. This would be the answer because, as I said before, you want as little debt as possible, so increasing your monthly debt would not be helpful at all in getting a loan.
Answer:
B
Explanation:
Take out some more credit cards to increase his monthly debt.
______ is the act of matching your bank statement with your checkbook
Reconciling is the act of matching your bank statement with your checkbook. It involves comparing the transactions recorded in your checkbook with those listed on your bank statement to ensure they align.
When you reconcile your bank statement, you go through each transaction recorded in your checkbook and compare it with the corresponding transaction listed on your bank statement. You verify that the amounts match and that the dates and descriptions are consistent. If any discrepancies or errors are found, you investigate and make the necessary adjustments. Reconciliation helps ensure the accuracy of your financial records and detect any unauthorized transactions.
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one of these statements regarding the difference between the requirements for a qualifying child and the requirements for a qualifying relative is false. which is it?
The primary distinction between a qualified child as well as a qualifying cousin is that there is no restriction on the age of a qualified relative.
A qualifying kid should be underneath the age of 13 or completely but also permanently disabled to be eligible for the credit towards child and childcare vouchers expenses. The definition of a qualified child was made without consideration of the exceptions for abducted children including the children of divorced as well as separated parents.
The primary distinction between a qualified child as well as a qualifying cousin is that there is no restriction on the age of a qualified relative. Even non-relatives who are eligible to be claimed as dependents are considered qualifying relatives.
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The assets of a company total $702,000; the liabilities, $201,000. What is the amount of equity? Multiple Choice
O It is impossible to determine unless the amount of the owners' investment is known
O $903.000
O $702,000
O $501,000
O $201.000
The amount of equity in the company is $501,000. So, the correct option is $501,000.
The equity of a company represents the ownership interest or the net worth of the company. It is calculated by subtracting the total liabilities from the total assets. In this case, the total assets of the company are given as $702,000, and the total liabilities are stated as $201,000.
Equity = Total Assets - Total Liabilities
By substituting the given values into the equation, we can calculate:
Equity = $702,000 - $201,000
Equity = $501,000
Therefore, the amount of equity for the company is $501,000.
Equity represents the residual claim on the company's assets after all its liabilities have been settled. It indicates the ownership interest of the shareholders or owners in the company. In this case, the equity of $501,000 signifies the net worth or value attributable to the owners' investment in the company. It represents the accumulated value generated by the company's assets, operations, and retained earnings over time.
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A person who is not employed and claims to be trying hard to find a job but really is not trying hard to find a job is a. counted as out of the labor force but should be counted as unemployed. b. counted as unemployed but should be counted as out of the labor force. c. correctly counted as out of the labor force. d. correctly counted as unemployed
Answer:
The correct answer is B.
Explanation:
Effectively, a person who is not employed and claims to be trying hard to find a job but really is not trying hard to find a job is counted as unemployed but should be counted as out of the labor force.
This is so because, according to the statistical criteria applicable to the labor market, the active population or labor force is considered to be all those people who are working or who, without work, are looking for it and in conditions to start working. work immediately. On the other hand, people who do not have the capacity or need to join the job market (due to age, health, wealth, etc.) or who do not work and are not looking for work, in order to have the conditions to do so, are considered passive population that is outside the labor force. The latter is the case of the person in question, who does not have a job and is not actively looking for it.