What is the term for a loan with a co-signer?

A Michigan State University student spends his summer months in his hometown, where he works for a local micro-brewery during th

murzikaleks [220]

Answer: Expectancy theory

Explanation:

The theory that suggests that the student will only work as hard as necessary to earn a "C" grade is the expectancy theory.

Expectancy theory states that an individual will act in a particular way due to the fact of what they believe will be the result of the behavior that they selected and thereby will select a particular behavior above orhers.

Here, the student simply selects his work above the school grade because he believes that a C is enough for him. Therefore, the answer will be expectancy theory.

6 0

3 years ago

Marquis Company uses a weighted-average perpetual inventory system.

timama [110]

Answer:

The amount of the cost of goods sold for this sale is $98.4

Explanation:

Marquis Company uses a weighted-average perpetual inventory system

August 2, 22 units were purchased at $3 per unit,

Total cost = $3 x 22 = $66

Average cost per unit: $3

August 18, 27 units were purchased at $5 per unit

Total inventory = $66 + $5 x 27 = $201

Average cost per unit = $201/(22+27) = $4.1

August 29, 24 units were sold

Cost of goods sold = 24 x $4.1 = $98.4

8 0

3 years ago

What is a bank??????????

AleksandrR [38]

Answer:

A Bank is a financial institution that accepts deposits from public and creates a demand deposit while simultaneously makeing loans.

8 0

3 years ago

Read 2 more answers

Problem 10-4 Partnership Formation (LO 10.2) Elaine's original basis in the Hornbeam Partnership was $40,000. Her share of the t

dexar [7]

Answer:

$31,000

Explanation:

Calculation to determine Elaine's current basis in her partnership interest

Using this formula

Elaine's current basis= Value of original basis + (interest purchased - Cash received) + Tax exempt interest

Let plug in the formula

Elaine's current basis= $40,000 + ($70,000 - $80,000) + $1,000

Elaine's current basis= $40,000 - $10,000 + $1,000

Elaine's current basis= $31,000

Therefore Elaine's current basis in her partnership interest is $31,000

5 0

3 years ago

The units of an item available for sale during the year were as follows: Jan. 1 Inventory 2,500 units at $5 Feb. 17 Purchase 3,3

Alenkasestr [34]

Answer:

ending inventory using FIFO = $11,700

ending inventory using LIFO = $7,500

ending inventory using average method = $9,435

Explanation:

date item units price total

Jan. 1 beginning inv. 2,500 $5 $12,500

Feb. 17 purchase 3,300 $6 $19,800

July 21 purchase 3,000 $7 $21,000

Nov. 23 purchase 1,200 $8 $9,600

total 10,000 $62,900

Dec. 31 ending inv. 1,500

ending inventory using FIFO = (1,200 x $8) + (300 x $7) = $11,700

ending inventory using LIFO = 1,500 x $5 = $7,500

ending inventory using average cost = 1,500 x $6.29 = $9,435

5 0

3 years ago