Answer:
$304,720
Explanation:
According to the IRS, qualified principal residence indebtedness may include:
1) Debt incurred in order to purchase, build or improve your house or main residence, and the debt is secured by the house or principal residence (mortgage).
Or
2) Any house debt in (1) that is refinanced in order to improve, build or purchase something of your house or principal residence, e.g. you refinance your mortgage in order to build a swimming pool. The loan balance cannot exceed the original mortgage.
A fishing boat is not considered a home improvement, so the equity loan is not considered qualified residence indebtedness.
This is a positive statement
Answer:
higher in the steel market, lower in the rice market, and unchanged in the TV market
Explanation:
Producer surplus can be defined as the variance between the amount an individual or nation is willing to take for certain quantity of a product versus the amount they receive when the goods are sold at the market value. For the nation of Aquilonia to be importing rice that means producer surplus is higher because the variance is low, it will export rice because the producer variance is low, and hence it wants to give to other countries. But since it is neither exporting nor importing TV, that means that the producer surplus remained the same even after the change in policy.
Answer: ART
Explanation:
Account receivable turnover(ART) = Sales revenue/Average Account Receivable
= $47,561/$19,595
= 2.427
Inventory Turnover(INVT) = Cost of sales/Inventory
= $32856/$16240
= 2.023
Property Plant and Equipment Turnover(PPET) = Sales/Property Plant and Equipment
= $47561/$19813
= 2.400
Therefore, the ratio that is highest is the account receivable turnover
Complete/Correct Question:
Intangible assets derived mostly from human capital are on the rise, according to the advisory firm Ocean Tomo. A study of the Standard and Poors' 500 index from 1975 to 2015 demonstrated a 17 percent increase in market value of intangible assets over this time period. Companies such as Stryker get 70 percent of its value from intangibles. Intangible assets are
A. equipment.
B. land.
C. money.
D. Non-physical.
Answer:
D, Non physical
Explanation:
Intangible assets are assets that that cannot be seen with the eyes. That is, intangible assets are assets that are not physical in nature. This means that it can't be seen or touched, etc.
Intangible assets usually comprise of goodwill, brands, patents, etc.
In the case of the question, back in time, say the 20th century, managers or officers usually placed their concentration on tangible assets such as land, equipment, etc. But as time went on, intangible assets like they are mentioned above, intangible assets began to be considered.
Cheers.
