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Agata [3.3K]
3 years ago
6

William took out a $440,000 mortgage to purchase his personal residence. The residence is worth almost $1 million, and William w

ants to take out a $200,000 second mortgage and use the proceeds to consolidate his credit card debt. William can deduct the interest he pays on both mortgages.
a. True
b. False
Business
1 answer:
vlabodo [156]3 years ago
7 0

Answer:

false

Explanation:

this is false than

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Dock Corporation makes two products from a common input. Joint processing costs up to the split-off point total $33,600 a year.
aniked [119]

Answer:

20,500

Explanation:

The minimum price at split off is the benefit of further processing less the cost of this processing.

product X further process sales value:        35,000

cost of further processing:                             (15,000)

minimum accepted price at split-off point: 20,500

The reasoning is as follow: the company will sale at leat to break even.

so the product at split off will be sold at cost.

to get 35,500 worth of goods we must add up to 15,000 dollars

so the initial cost is 35,500 - 15,000 = 20,500

7 0
3 years ago
Choose the action that is supported by egoism, but might seem unethical. a.) Using skills you learned from your former job to ge
astraxan [27]

The action which is supported by egoism, but might seem unethical from the list of available choices is:

  • b.) Hiring a company to clean your neighbor's lot without their permission so your property value will increase

Egoism has to do with the specific self interest which a person has on himself and does things which serves his benefit.

Ethics on the other hand is doing the right thing, at the right time, in the right circumstance.

With this in mind, the action which is supported by egoism but MIGHT SEEM unethical is hiring a company to clean your neighbor's lot<em> </em><em>without their permission</em> so your property value will increase

Therefore, the correct answer is option B

Read more about ethics here:

brainly.com/question/13383200

8 0
2 years ago
Mr. Blatt: Expert consultants are sought after by management because they help executives make better decisions. That is why the
Sidana [21]

Answer: C) A successful firm of expert consultants seeks to increase its volume of business by reducing its fees, but its volume of business drops.

Explanation:

Mr. Fringe says that the more expensive a consultant is, the more they can be blamed. This means that the kor expensive a consultant is, the more they will be sought after in order for the company to blame them.

When a successful firm of consultant reduced their prices and became cheaper, less people wanted to hire them. This therefore supports the logic of Mr. Fringe as a lower cost led to the consultants being less sought after.

6 0
3 years ago
There are four basic principles of finance. Which principle correctly describes the following​ statement: ​ "A dollar today is w
Mekhanik [1.2K]

Answer:

Time value of money

Explanation:

The ability of money kept in a savings deposit to earn interest over time and the increase in the total interest in line with the length of time, brought us to a conclusion that <em>an amount of money to be received now, that is in the present, is worth more than the same amount if received in the future.</em>

The increase in the value of money as a result of interest earned on it, increases the value of money, this concept is what is referred to time value of money.

8 0
3 years ago
What two accounting equalities must be maintained in transaction analysis?
STALIN [3.7K]

Two accounting equalities to maintain in transaction analysis are Assets and Liabilities + Equity.

One key element of performing accounting transaction analysis is ensuring that the accounting equation is balanced. This means that for every debit account entry, you must have a credit account entry of the same amount.

This accounting equation works as-

Assets = Liabilities + Equity

Assets- This refers to the resources of a company and includes cash and cash equivalents, accounts receivable, and inventory.

Liabilities and equity- The liabilities of a company refer to its financial obligations, such as loans, long-term debts, mortgages, and notes payable.The shareholder’s equity of a company refers to the dollar value of the company and can be calculated by subtracting its liabilities from its assets. Both liabilities and equity show how the company has financed its assets.

To learn more about transaction analysis here

brainly.com/question/20983891

#SPJ4

4 0
2 years ago
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