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Murrr4er [49]
3 years ago
6

Which of the following would have a negative impact on determining eligiblity for a home loan?

Business
1 answer:
damaskus [11]3 years ago
8 0

Answer:

Withdrawing money from savings

Explanation:

If a person withdraws money from his savings, this person is losing the balance that the bank or mortgage company could take into account in order to approve the loan or not.

The reason is that a person without savings could very easily find it hard to keep up with payments in case of a job loss, or a salary reduction, while a person with savings has a financial cushion that insurers the loaner against this kind of situations.

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Based on the data below, how would the inventory appear on the balance sheet, assuming that the lower of cost or market is used
Mashcka [7]

Answer:

On the balance sheet, the inventory would appear as:

Inventory $248,000

Explanation:

In the notes to the accounts, the method of determining the cost and the method of valuing the inventory would be disclosed.  It is not disclosed on the balance sheet, but on the notes to the accounts.

It would make the balance sheet appear unorganized to include details that should have been included in the notes.  The presentation of information is very important in order to ensure that those reading the information understand it.  Understanding is not aided by including information that could be displayed elsewhere.

8 0
4 years ago
Carlos wants to become a professional announcer. Which of these goals is under his control?
inysia [295]
A) taking public broadcasting class next year
3 0
4 years ago
Purple Company is a C corporation and the corporation pays out all of its after-tax income as a dividend to Kirsten. Note: Indiv
kifflom [539]

Answer:

Purple Corporation's after-tax income is $158,000 and Kirsten's after tax income is $136,100.

Explanation:

some information was missing, so I looked it up:

  • Purple Corporation's income = $200,000
  • corporate tax rate = 21%
  • Kristen claims standard deduction $12,000

Purple's corporate tax liability = $200,000 x 21% = $42,000

Purple's after tax income = ($200,000 - $42,000) = $158,000

Since Kristen's taxable income is $146,000 (qualified dividends are included in AGI but taxed at different rate), her tax rate will be 15%. Kristen's after tax income = $$158,000 - (146,000 x 15%) = $136,100

5 0
3 years ago
Westwick Inc. is an advertising agency. Its employees are allowed to take decisions and work in ways that will help maximize the
Anna35 [415]

Answer:

<em>C) Organizational plurality </em>

Explanation:

Organizational plurality is a working environment in which all representatives are encouraged to collaborate in a way that promotes the gains for the company, clients and themselves.

As with the advertising agency, the employees are given chances to follow their decisions and maximize their experience.

5 0
4 years ago
1. Why didn’t a planet form here?
schepotkina [342]

Answer:

Hi!
so if you mean earth and I just have to guess about your question,

I think Earth is a planet so it would have needed to form.

Explanation:

it needed to form.

8 0
2 years ago
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