Answer:Bank B
Explanation:
Subordinate loan is a loan taken with a mortgage property, while the mortgagee takes first right on the property in case of defaults by mortgagor, the subordinate loan lender gets less piority to the mortgagee on default of the mortgagor.
In the above scenario Bank A is the mortgagee while Bank B entered into a subordinate loan. On the refinancing of the mortgage by Bank C it has taken the position of the mortgagee, while Bank B still holds the subordinate loan.
Answer:
The correct answer is c. Management Information System.
Explanation:
A Management Information System is a computer system that gathers, stores, analyzes, displays and reports data with the purpose of aiding decision-makers to be informed and make high quality decisions that are useful to a company. It consists of:
- People, that take advantage a MIS to make effective decisions.
- Hardware, physical structure that supports the MIS.
- Software, computer programs that aid in all the processes to handle the data e.g. analysis, retrieval, etc.
- Databases, that store the data of a MIS.
The information can be related to any area of the company, for example Research & Development (R&D), Marketing, Finances, Project development, Human Resources, etc.
The use of a MIS allows a company to have easy access to information, fast data processing and information retrieval, accurate data analysis, reduction of duplicates and reliable backup for the information stored.
Answer:
$15,000,000
Explanation:
The amount, related to the defined benefit plan that the company should report in the year-end financial statements as a liability in connection with the defined benefit pension plan in the balance sheet is <u>the net off Projected Benefit Obligation and Fair value of the plan assets.</u>
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<u>Hence, P</u>rojected benefit obligation at year end $60,000,000 - The fair value of the plan assets at year-end is $45,000,000 is $15,000,000
<u>The firm has a funded plan and reports a $15,000,000 net assets</u>
Answer:
Direct material price variance= $25,000 unfavorable
Explanation:
Giving the following information:
Standard price= $16
During March, Marks made 10,000 units of the product, using 50,000 pounds at a total purchase price of $825,000.
<u>To calculate the direct material price variance, we need to use the following formula:</u>
Direct material price variance= (standard price - actual price)*actual quantity
Actual price= 825,000/50,000= $16.5
Direct material price variance= (16 - 16.5)*50,000
Direct material price variance= $25,000 unfavorable
Answer:
Option C.
Explanation:
According to the expectancy theory, or expectancy theory of motivation, an individual behaves or act in a certain way, because he/she is motivated to choose a particular behavior over others, because of what the expected result of the chosen behavior will be. What this means is that, the motivation of the behavior selection lies in the desirability of the outcome.
Expectancy theory talks about the mental processes involved as regards choice, or choosing. It attempts to show the processes that an individual undergoes in order to make choices.
As we can see in the scenario above, Richa is motivated by the belief that hard work and perseverance will help her perform well and complete the design on time, and so, this is the behavior that she has chosen, which has led to the desired outcome of completing the design on time.
