Answer:
He would encourage her to cut the cost on her apartment, by choosing a cheaper apartment.
Explanation:
According to the statement in the question, Mariah saved a total of $15,000, and wishes to make a down payment of $10,000 on house alone. $10,000 is approximately 67% of the total savings. From further description of the house, we find out that she has a spare bedroom in her apartment which she will also pay for as part of the house payment but she will not use, and Mariah is single. If $10,000 dollars go into her apartment alone, the balance of $5,000 dollars will be insufficient to pay for the other expense which includes; the cash outflow of $2,800, the contribution to a retirement plan, care and life insurance policies and purchase of furnishings, not to talk of the other bills like groceries, cable, water etc. even with her monthly income of $3,200, she will run into debt. Hence she will be advised to settle in a cheaper apartment.
Answer:
Yes they can be used to purchase goods or invest in a business.
Explanation:
Loans from formal channels like banks and government agencies are usually given for an specific purpose if you own a business or can be handed out for any type of personal use if you request them as an individual. This applies to developed and developing countries.
Loans from informal channels can also be used by a business, specially small businesses, and obviously personal use. Large businesses will probably not take a loan from an informal channel since the interest rates will probably be higher and the amounts will be too small. But even on developed countries, someone who has just graduated can ask his/her parents or a friend for a loan to start a small business or buy a car. Informal channels are based on personal relationships and even though they don't represent a large percentage of loans in developed countries, they also exist.
Answer: A. $13000
During its first five years of operation, Mookie Consulting Services reported the following annual net income and dividend amounts:
Year Net Income Dividends
1 $22,000 $2,000
2 17,000 2,000
3 9,000 1,000
4 14,000 3,000
5 25,000 4,000
If Mookie had Retained Earnings of $88,000 at the end of year 5, what was the company's Retained Earnings at the beginning of
Year 1?
a. $13,000 d. $41,000
b. $23,000 e. some other amount
c. $37,000
Explanation: the difference between total dividends (75,000$) and total net Income (88000$) gives the Retained Earnings = $13000
B - The wealth of nations
in this book he explains his theories about the invisible hand and free market economies
Answer: weak position power
Explanation: In simple words, position power refers to the authority that one possess over others in an organisation due to the position in the managerial hierarchy such individual holds. The position power work as a base line for the senior subordinate relationship in a firm.
The position power makes flow of communication vertical, that is, from downward to upward and vice versa, which creates a sense of respect and fear among the subordinate towards their seniors.
In the given case, Abigail is the department manager and the other participant on which she wants to make order to holds same position as she do. Thus, there is no senior subordinate relationship among them which concludes weak position power.