Answer:
C. Intentional
Explanation:
Intentional means- done on purpose; deliberate.
You have a goal of saving money so you should have a reason/purpose for your spending instead of doing it without a reason/pourpose
Answer:
d. II and III
Explanation:
Capital Allocation Line is a graphical representation of risk measurement for risky & risk free assets.
Risk aversion is the tendency of investors to prefer less expected payoff with certainty, over more expected payoff with risk & uncertainty. So, More risk averse investors have their investment concentration in more risk free securities than risky portfolio components, compared to less risk averse investors.
Investors expected utility is derived from their expected income or wealth payoff. Investors choose the portfolio, whose expected income level gives them corresponding maximum expected utility
Answer: It is called An EXCULPATORY CLAUSE
Explanation: A deficiency judgment is a court ruling against a debtor in default on a secured loan, indicating that the sale of a property to pay back the loan did not cover the outstanding debt in full.
In waiving the right to a deficiency judgement, AN EXCULPATORY CLAUSE is inserted in the financial contract which states that the borrower no longer has a financial liability. It relieves the borrower the personal liability to repay the loan.
Answer:
$6000
Explanation:
Break up of the economic cost of owning and operating the car for the year is mentioned below:
Car Bought - 10,000
Add: Insurance, license and operating cost - 1,500
Add: Interest (10,000 * 10%) - 1,000
Less: Car resold - (6,500)
Total - 6,000
Therefore, economic cost of owning and operating the car for the year was $6,000.
Answer:
LIFO
Explanation:
It will be the one that give higher Cost of goods sold. We also know that:
Cost of goods sold = Opening Inventory + Inventory Purchases - Closing Inventory
So this means the lower the closing inventory the higher the cost of goods sold and in time of price increases it will be more appropriate to use LIFO method which will reduce the Closing Inventory and this will increase the cost of goods sold and thus decrease in profit. This reduced profit means that the tax expense will also be lower in value.
Similarly the second attractive option will be the Weighted Average and the least attractive option would be FIFO costing method.
