Answer:
Policy holder
Explanation:
There is no power of attorney needed nor mentioned in the problem. The insurer is the one who sells the policy. The rider doesn’t have to have insurance so that is irrelevant.
Answer:
The answer is:
when a nation's central bank makes an open market purchase of 20-year bonds, short-run effect is that the quantity of money in circulation increases, interest rates are low because the nation's commercial banks have more money to lend. Households and businesses are motivated to borrow money because of low rates
Explanation:
This is a monetary tool - open-market operation which is a situation in which when the central bank purchases securities inorder to increase the money supply and sells securities to decrease the money supply.
So when a nation's central bank makes an open market purchase of 20-year bonds, short-run effect is that the quantity of money in circulation increases, interest rates are low because the nation's commercial banks have more money to lend. Households and businesses are motivated to borrow money because of low rates.
This is usually done to stimulate the economy i.e to stop the economy from slowing down.
<u>Answer: </u>Option B
<u>Explanation:</u>
In this case Alber Miano had created replica of the invoices and has forged the contractor's signature. The hours of the trade contractors work was changed slightly. Due to the failure of the internal controls Miano was able to indulge in fraudulent activities in a bolder manner.
Through an internal audit Miano's activities were found out by the auditor and the vice president. Then Miano accepted that he was guilty and only showed less than half the amount spent on tangible assets from the accumulated fraudulent activities for four years.
Answer:
For tax purposes, assets that are converted to business use from personal, should use the lesser of the Fair Market Value (FMV) at the time of conversion or the cost of the asset.
Computer.
The FMV is less than the purchase price so the depreciable basis is:
= $800
Printer
The FMV is less than the purchase price so the depreciable basis is:
= $150
Desk
The FMV is less than the purchase price so the depreciable basis is:
= $1,000
File Cabinet
The purchase price is less than the FMV so the depreciable basis is:
= $200
Answer:
The correct words for the blank spaces are (<em>in that order</em>): low; high; opportunity; reservation.
Explanation:
For buyers and sellers to benefit from a transaction, the price of the goods or services offered must be at equilibrium. It implies the price is low enough for consumers to consider purchasing the product and high enough for producers to offer it earning a profit.
Besides, producers should consider their opportunity costs which are the costs of adding one more unit for production. On the other side of the road, consumers consumer their reservation price which is the maximum amount of money they could pay for a good or service based on the value they give to the product.
