Answer:
wrap-around loan
Explanation:
Based on the scenario being described within the question it can be said that the type of loan being described is known as a wrap-around loan. This is a type of loan in which involves the seller's mortgage on the home as well as an additional incremental value that the sums up to become the total purchasing price that the buyer will have to pay the seller over an period of time. Such as is described by the loan that Bill has taken.
The ethical relativism principle represents that there is no means to identify between right and wrong in morality, while the moral relativism principle declares that there is no manner to differentiate between right and wrong in morality.
<h3>What is ethical and Moral relativism?</h3>
Morality is said to be relative to one's culture's norms, according to ethical relativism. To put it another way, the moral rules of the society in which a process is carried out decide whether it is proper or wrong.
A morally correct behavior in one civilization may be ethically incorrect in another. Acceptance of a fact-value gap has driven most kinds of ethical non-cognitivism, such as moral relativism.
Moral relativism, unlike ethical non-cognitivism, does not deny that moral assertions can be true; rather, it denies that they can be made true by an objective, transcultural moral order.
Therefore, the ethical and Moral relativism are the correct answers of the given problem.
Learn more about the morality, refer to:
brainly.com/question/13324831
#SPJ1
Answer:
$159,500
Explanation:
Total assets = $870,000
Total liabilities = $745,000.
Total equity is the difference between the assets and liabilities according to the accounting equation. Therefore,
Total equity = $870,000 - $745,000
= $125,000
Increase in asset during the year = $59,000
Increase in liabilities during the year = $24,500
Therefore, increase in equity
= $59,000 - $24,500
= $34,500
At the end of the current year, stockholders' equity is made up of the opening balance and the increase during the year. Hence,
current year's stockholders' equity = $125,000 + $34,500
= $159,500
Ty and his wife paid a sales tax on the T-shirts they bought. That money probably helps fund the public park they visited. Similarly, they will pay money to the government in the form of property taxes, and some of that money will fund the local schools.
What sales tax means?
A sales tax is a charge that is added to both the price of goods and services sold to businesses and the price of the same goods and services purchased by consumers. Because it is a type of consumption tax, consumers are charged for their purchases.
What is property tax?
Property tax is a charge made on real estate that is owned by a person, a business, or another type of legal body. Property tax is most frequently a real estate ad-valorem tax, which is regarded as a regressive tax. It is computed by the local government in the area where the property is situated, and the owner is responsible for paying it.
Learn more about property tax: brainly.com/question/15227817
#SPJ4
The correct question is:
As you read the following paragraph, think about the purpose and idea behind the taxes discussed. Then answer the question that follows.
Ty just received a job offer in a new city. He is married with two small children. He and his wife go to visit the city and find a place to live. Their children will be in school in a few years. While on the trip, they visit a beautiful public park for the kids. They encounter one type of tax when they buy a few souvenir T-shirts: the shirts are on sale for $10, but Ty ends up paying $11.00 after the sales tax is added. Later, they encounter a second type of tax. When Ty and his wife meet with their real estate agent, the agent tells them that the property taxes they will pay on their new home are higher than the taxes on their old home. However, the agent says the government funds the schools in the area well, and the schools are high quality.
What are the costs and benefits of the taxes that Ty and his wife experienced on this trip?
Answer:
r = 0.10666841 or 10.666841% rounded off to 10.67%
Explanation:
Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,
P0 = D0* (1+g) / (r - g)
Where,
- D0 * (1+g) is dividend expected for the next period
- r is the required rate of return
By plugging in the available values for P0, D0 and g, we can calculate the value of r to be,
76.48 = 4.32 * (1+0.0475)/ (r - 0.0475)
76.48 * (r - 0.0475) = 4.5252
76.48r - 3.6328 = 4.5252
76.48r = 4.5252 + 3.6328
r = 8.158 / 76.48
r = 0.10666841 or 10.666841% rounded off to 10.67%
3.6 / 40 = g
g = 0.09 or 9%
