<u>Calculation of the amount of stockholders’ equity at the end of the year;</u>
First, we need to calculate the amount of stockholders’ equity at the beginning of the year with the help of the accounting equation as follows:
Beginning Equity = Beginning Assets – Beginning Liabilities
Beginning Equity = 90,000-65,000 = $25,000
Now we can calculate the ending equity using the following formula;
Ending Equity = Beginning Equity +Revenues – Expenses – Dividends
Ending Equity =25000+100000-70000-40000 = $15,000
Hence, the amount of stockholders’ equity at the end of the year is <u>$15,000</u>
Answer: She must continue to meet the minimum standards for license issuance.
Explanation:
Since Inez has completed the application, and also provided proof that she has satisfied the continuing education requirement, as well as paying for the renewal fee when she's applying to renew her loan originator license, it's also vital that she must continue to meet the minimum standards for license issuance.
The standards for license insurance should be met if not, she may not be able to renew her loan originator license. It should be hired that the provision of proof of continuing employment and a proof that she has no pending disciplinary issues from the previous licensing period isn't required in this case.
Answer:
Find out the reason why the loan was rejected
You can also look for another lender
Explanation:
Loan application could be declined for so many reasons. However , in a situation where an application is not granted , it is good to find out the reasons behind the decision so as to avoid repeating such in subsequent application.
Another step to be taken after denial of application is to look for alternative lender and make another application . One may also need to improve on the application to avoid another denial this time around.
Answer:
b. work to identify root causes, not just symptoms.
Explanation:
The main thing on which Joseph Juran focused was on quality, how it could be improved in planning, and performing properly.
This provided for the quality controls, plans, improvements which could be made, but it did not work on finding the causes behind the lack that why it could not be achieved.
Accordingly it did not in manner focused on the finding the symptoms or root causes.
As it was focused on the action of now what can be done.
