1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
postnew [5]
3 years ago
9

Explain the following quote "The rich rule over the poor, and the borrower is slave to the lender."

Business
2 answers:
Bad White [126]3 years ago
4 0

Answer:

When Dave was confronted with this Scripture, he had to really consider who was right his broke finance professor, who taught that debt is a tool, or God, who never has anything good to say about debt.

Explanation:

zysi [14]3 years ago
4 0

Answer:

When people get into debt, they start living their life just to pay off the debt. This means that all they are doing is working for their lender. The rich often rule over the poor becuase they have more influence and are therefore able to make decisions for the rest of the world population

You might be interested in
Gould Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products: Activi
oee [108]

Answer:

$10,241.53

Explanation:

Using the activity-based costing system, Overhead cost for Product K91B would be?

Setting up batches 89 batches x $59.56=                   $5300.84

Processing customer orders 39 orders x $72.96=      $2,845.44

Assembling products 493 hours x $4.25=                   $2,095.25

Total Overhead cost                                                      $10,241.53

7 0
3 years ago
At the beginning of the month, the Forming Department of Martin Manufacturing had 30,000 units in inventory, 30% complete as to
KiRa [710]

Answer:

the equivalent units for :

materials = 106,400

conversion = 104,600

Explanation:

Calculation of the equivalent units for materials

<em>Note : Units of Ending Work In Process are 80% complete as to materials</em>

Units of Ending Work In Process (18,000×80%)       = 14,400

Units Completed and Transferred (92,000×100%)  = 92,000

Total                                                                             =106,400

Calculation of the equivalent units for conversion

<em>Note : Units of Ending Work In Process are 70% complete as to conversion</em>

Units of Ending Work In Process (18,000×70%)       = 12,600

Units Completed and Transferred (92,000×100%)  = 92,000

Total                                                                             =104,600

8 0
3 years ago
question content area sarbanes-oxley applies to a.publicly held companies b.not-for-profit organizations c.privately held busine
IgorLugansk [536]

Sarbanes- oxley applies to publicly held companies.

What is covered under the Sarbanes-Oxley Act?

  • All publicly traded American businesses are covered by the Sarbanes-Oxley Act. any and all wholly-owned subsidiaries operating in the United States.
  • every foreign company with a public listing that conducts business here.

What are the Sarbanes-Oxley Act's fundamental rules?

  • Each corporation is required by Rule 404 to implement efficient financial controls.
  • Financial statements for each company must be personally certified by the CEO and CFO.
  • If they violate the law, these officers could face criminal charges.

Learn more about Sarbanes-Oxley Act

brainly.com/question/28342793

#SPJ4

5 0
1 year ago
Suppose that on your 21st birthday you are given a $1,000,000 trust fund. What interest rate must you earn to ensure that if you
MakcuM [25]

Answer:

The correct answer is 5%.

Explanation:

According to the scenario, the given data are as follows:

Annual withdrawal = $1,000,000

Annual withdrawal = $50,000

So, we can calculate the interest rate by using following formula:

Interest rate = Annual withdrawal ÷ Annual withdrawal

by putting the value in the formula, we get

Interest Rate = $50,000 ÷ $1,000,000

= 0.05

Or 5%

Hence, the Interest rate should be 5%.

8 0
4 years ago
1. Assume that you manage a risky portfolio with an expected rate of return of 20% and a standard deviation of 25%. The T-bill r
tangare [24]

Answer:

The computations are shown below:

Explanation:

The computation is shown below:

Overall portfolio Expected rate of return = Risky portfolio expected rate of return × investment proportion + t- bill rate × 1 - investment proportion

0.15 = 0.20(y) + 0.07(1 - y)

0.15 = 0.20y + 0.07 - 0.07y

So,

y = 61.54%

2.  Now Standard Deviation is

= investment proportion × standard deviation

= (0.6154) × (0.25)

So,

Standard Deviation = 15.38%

2. We Use Sharpe Ratio to choose out the right stock which is shown below:

Sharpe Ratio = (Expected rate of return - Risk free rate of return) ÷ Standard deviation

For Stock A, it is

= (22% - 12%) ÷ 20%

= 0.5

For Stock B, it is  

= (28% - 12%) ÷22%

= 0.73

Since the Sharpe ratio has highest in Stock B and the same is to be choose

6 0
4 years ago
Other questions:
  • If the Central Bank of Macroland puts an additional 1,000 dollars of currency into the economy, the public deposits all currency
    5·1 answer
  • Steven is going to purchase two stocks to form the initial holdings in his portfolio. Iron stock has an expected return of 25 pe
    13·1 answer
  • Since 70 percent of preferred dividends received by a corporation is excluded from taxable income, the component cost of equity
    7·1 answer
  • A noncomissioned employee in a company, your pay rate is based on
    10·1 answer
  • Which of the following is true regarding primary and secondary​ markets? A. Secondary markets sell old issues of securities.noth
    12·1 answer
  • Which one of the following financial statements is not required by GAAP regarding a voluntary health and welfare organization? S
    5·2 answers
  • To hedge future uncertainty, five sets of actions organizations can be taken. One of which is: Select one: a. collaborate b. inc
    8·1 answer
  • For a particular flight from Dulles to SF, an airline uses wide-body jets with a capacity of 440 passengers. It costs the airlin
    10·1 answer
  • Which of these investments may pay dividends?<br> O Bonds<br> IRAS<br> Mutual funds<br> Stocks
    10·1 answer
  • P&amp;G sells cosmetics, laundry detergent, and products like Pringles to the ________ market by establishing strong brand image
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!