Answer:
Ken must disclose this information as it is a material fact.
Explanation:
A material fact is a fact that a reasonable person would recognize as germane to a decision to be made, as distinguished from an insignificant, trivial, or unimportant detail. In other words, it is a fact, the suppression of which would reasonably result in a different decision; meaning it would be the most significant information when someone is making a decision, in this instance, whether or not Patrick would buy Jordan’s house. Falsification of a material fact that would cause a party to a contract to refrain from entering into the contract may be grounds for rescission, meaning that Ken has an obligation to disclose this information.
Answer:
a. 9,000; 10,000
Explanation:
The computation is shown below:
The money multiplier is
= 1 ÷ 0.10
= 10
Now If $1,000 are deposited in banks and the expected reserve ratio is 0.10 ration so the lending amount is $900.
And now if we considered the money multiplier, so it would be increased by
= $900 × $10
= $9,000
And, the increase in money supply is
= $9,000 + $1,000
= $10,000
Hence, the correct option is a.
Answer:
nope im not going to the link sir im not fkn stu.pid
Explanation:
Answer:
The correct answer for regular method is $2,514 and for simplified method is $1,450.
Explanation:
According to the scenario, the computation of the given data are as follows:
Regular Method:
Total home deduction = ( Real property taxes × 24%) + ( Interest on mortgage × 24%) + (Operating expenses × 24%) + ( Depreciation )
So, by putting the value, we get
Total home deduction = ( $2,400 × 24%) + ( $4,000 × 24%) + ($2,200 × 24%) + ( $450 )
= $576 + $960 + $528 + $450
= $2,514
Simplified Method:
According to simplified method, the maximum deduction per square ft. can be $5.
So, Home deduction = $5 × 290 Sq. ft.
= $1,450.
