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pickupchik [31]
4 years ago
9

You are planning on starting your own business in 18 months and you intend to purchase a new home. You have looked carefully at

your budget and have determined that you can afford a PITI of $900 per month. Your banker has told you that you can easily qualify for a PITI of $1,150 per month. Which of the following is the most reasonable explanation for this discrepancy?a. Your banker knows you really would be happier in a more expensive house.b. Your banker is not aware of your other long-term financial goals.c. Your banker's number is more accurate than your number.d. None of these is a reasonable explanation.
Business
1 answer:
Leya [2.2K]4 years ago
7 0
B. Your banker is not aware of your of your other long term financial goals
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Tito Corporation had net income of $2,000,000 and paid dividends to common stockholders of $300,000 in 2017. The weighted averag
Sidana [21]

Answer:

a. 10 times

Explanation:

The computation of price-earnings ratio is shown below:-

Earning per share = Net income ÷ Weighted average shares outstanding

= $2,000,000 ÷ 400,000

= 5

Price earning per share = Market price per share ÷ Earning per share

= $50 ÷ 5

= 10 times

Therefore for computing the price earning per share we simply applied the above formula.

8 0
3 years ago
If "consumers were to decrease their saving for retirement and businesses" were to decrease borrowing for new plants and machine
emmasim [6.3K]

Answer: The supply of the loan able funds would decrease and so would it demand. It will also decrease.

<u>Explanation:</u>

With the decrease in the saving for the retirement purposes, the demand of the consumers would decrease for loan able funds. If the businesses also decrease the savings for new plant and machinery, it would decrease their demand for loan able funds.

Because of the decrease in the demand, the supply of the loan able funds will also decrease. But the effect of this on the real interest rates can not be said to be in a certain manner. It is uncertain.

7 0
3 years ago
Transactions for Petty Cash, Cash Short and Over Cedar Springs Company completed the following selected transactions during June
alisha [4.7K]

Answer:

See explanation section.

Explanation:

June 1      Petty Cash                                              $450

                Cash                                                                                 $450

To record opening of petty cash.

        12    Cash                                                       $11,381

                   Cash short and Over                                                    $14

                    Sales                                                                             $11,367

To record the sales and finding the cash short and over.

        30    Store Supplies                                       $50

                  Merchandise Inventory                       $108

                  Office Supplies                                     $106

                  Miscellaneous Administrative Expense  $146

                  Cash Short and Over                               $6

                        Cash                                                                             $416

To record the expenses cash short and over.

        30     Cash                                                       $21,860

                   Cash Short and Over                           $19

                         Sales                                                $21,879

To record the sales and finding the cash short and over.

        30     Petty Cash                                             $113

                        Cash                                                 $113

To record the increase of petty cash.

6 0
3 years ago
What are the rules of brainstorming? Check all that apply.
Allisa [31]

Answer:

<h3>Always make sure to write all the ideas down. </h3><h3>Make no judgement.</h3><h3>Briefly discuss and elaborate on each idea as they are presented. </h3><h3>Let people know they will be brainstorming in advance if possible .</h3>

Explanation:

  • One of the most basic rule of brainstorming includes the practice of inclusiveness. It is important to bring all ideas together and write it down as in a brainstorming session, quantity matters over quality.
  • Each and every idea should be <u>respected by all</u>. One should not make any judgement of another person's idea.
  • It is important to briefly discuss each idea as they are presented as to fully <u>comprehend the main motive behind each idea</u>. Some ideas become more refined as we discuss more upon it.
  • It is also important to let the members know that there will be a brainstorming session in advance so that <u>each member can think of an idea before the actual session</u> takes place.
8 0
3 years ago
Fatima wants to purchase a house and has been viewing residential properties for the past two months. She has been searching for
Furkat [3]

Answer:

A. The extended decision-making approach.

Explanation:

Extended Decision-Making is defined as a <em>decision that involves high participation of the consumers in order to decide to purchase or not a product, it usually revolves around expensive purchases.</em> We can see this exemplified when Fatima consults with friends and family before making her decision to buy a house, an expensive purchase.

I hope you find this information useful and interesting! good luck!

3 0
3 years ago
Read 2 more answers
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