Answer:
a. Negative equity.
Explanation:
Negative equity occurs when the market value of an asset being obtained through the loan is less than the amount that is on the loan balance.
For example if a car is being obtained for a loan amount of $1,200, and the market value of the car is $1,000. This is a situation of negative equity.
Negative equity can occur as a result of excessive interest payment as is seen in long term mortgages. When a customer is paying small amount on mortgage over 30 years the value of the house will most likely be lower than the total loan amount that will be paid.
Answer:
C. $11,498.73.
Explanation:
Solving this question, we will have to make use of this formula:
The Adjusted Bank Balance = Unadjusted Balance as per Bank Statement as at Oct 31, 2015 - Checks Outstanding
= $12,956.73 - $2,112.19 = $10,844.54
Now,
Before the adjustment on the 31st of October, 2015,
The Cash account Balance = Adjusted Bank Balance + insufficient funds checks
= $10,844.54 - $654.19 = $11,498.73
Hence third option in the question is the correct answer.
Answer:
B. A higher unemployment rate
Explanation:
High union memership can increase unemployment in two ways:
- Creating a barrier of entry because non-unionized workers can be barred from getting employed in industries with high union membership.
- Pushing salaries above the marginal productivity of labor, especially the minimum wage, causing firms to hire less because hiring becomes more costly.
Answer:
Franchisor
Explanation:
The franchisor is the owner of the brand, while the franchisee is the one that uses its brand through a franchise contract
Answer:
The answer is $250
Explanation:
Solution
From the example given, we are asked to find the internal transfer price of Phelan's product.
So, if Phelan is operating at capacity or speed and has unlimited external customer demand then the transfer price for Phelan's product is $250 as it has huge demand from customers
