The most cost effective way for John to buy a house in the suburbs is:
a.Move to the suburbs and rent a house for one year before purchasing a home.
This is to test the waters. During this time, he has to acclimatize himself into living in a new environment. He has to discover the pros and cons of living in the suburbs compared to living in the city like travel time in going to work, etc.
If after a year, he finds its more beneficial to live in the suburbs, then he can buy a house there. On the other hand, if he finds it costly to live in the suburbs compared to living in the city, he simply has to pay the necessary rent and utility bills, pack up his bags, and go home.
<span>Categorical -Homeowner
Ratio -Credit Score
Ratio-Years of Credit History
Ratio-Revolving Balance
Ratio-Revolving Utilization
Categorical-Decision
In this case variables that are Ratio are measurable such as credit score, years of credit history, etc. While on the other hand Homeowner and Decision are categorical as they can also be categorized into categories and cannot be measured.</span>
Answer:
Joint ownership
Explanation:
In a joint ownership, when a partner dies, his interest is passed on to the surviving partners.
This case scenario is a joint ownership
The finance team of an organization has prepared an end of quarter balance sheet. The stockholders equity amount is a negative value. What must be true in this situation? D. The organizations liabilities are greater than the assets. Stockholders equity is also known to many as shareholders equity. This is listed on the companies balance sheet and includes the total assets and the total liabilities subtracted then equals stockholder's equity. Since you subtract the liabilties from the assets, if there is a negative value then the liabilities are greater than the assets.
Answer:
a.used net cash of $17,000.
Explanation:
The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:
Cash flow from Operating activities - Indirect method
Net loss -$6,000
Adjustment made:
Add : Depreciation expense $12,000
Less: Increase in accounts receivable -$15,000
Add: Decrease in merchandise inventory $12,000
Less: Decrease in accounts payable -$20,000
Total of Adjustments -$11,000
Net Cash flow from Operating activities -$17,000
