Use your net salary rather than your gross pay, which is the sum you are paid after all applicable deductions. Utilize only trustworthy and consistent income. Rent, mortgage payments, and auto payments are examples of fixed expenses that frequently have contracts and are consistent from month to month.
You should decide whether to use your gross or net income when creating a budget before you start. Depending on the budgeting tool you choose, this will change. Some people may advise you to start by listing your gross income, followed by line items for taxes and deductions as costs. Others might request that you begin with your net salary. To avoid duplicate counting a cost in your budget (such health insurance payments that may have already been taken out of your pay), start with your net pay.
When creating a general monthly budget, choosing which revenue figure to use is a pretty small detail because your budget tool will provide guidance, or if you choose to budget manually, you can decide which method is best for you.
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instead of borrowing money for large purchases, you should set money aside in a _________ over time and pay with cash.
Instead of borrowing money for large purchases, you should set money aside in a sinking fund over time and pay with cash.
An emergency fund's purpose is to save money for unexpected financial emergencies and to provide a sense of financial security. The goal of an emergency fund is to save money for large purchases such as vacations.
'What are sinking funds?'
A sinking fund is a fund established specifically to save or set aside money for the purpose of repaying a debt or bond. When it comes time to pay off old debts and bonds, a company may be faced with a massive outlay. In this case, a sinking fund mitigates the impact of the high cost. A sinking fund is set up so that a company can contribute to it and add to it over the years leading up to the maturity of the bond.
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most businesses have a systematic method for analyzing transactions and collecting and recording transaction-related information. this transformation process is which part of accounting? the publication of raw data the bookkeeping process the accounting cycle the evaluation of financial data
The accounting cycle is a systematic method for analyzing transactions and collecting and recording transaction-related information.
The accounting cycle is a thorough process that thoroughly records a business's transactions from start to finish, aiding in the efficiency of organizations. The cycle includes T-accounts, credits, debits, journal entries, financial statements, and book closing in addition to all other accounts for the company.
The steps in the accounting cycle are the identification of transactions, recording of journal entries, posting of transactions, creation of the unadjusted trial balance, worksheet analysis, rectification of worksheet discrepancies, creation of the financial statement, and closing of the books. As a result, it is a systematic approach to transaction analysis and the gathering, recording, and processing of transaction-related information that is utilized by numerous firms.
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which statement is true of gallium arsenide chips? a. they run at higher speeds than silicon chips. b. they have low production costs. c. they were used in third-generation computers. d. they are ideal for mass production.
The true statement with regards to Gallium Arsenide chips are that they run at higher speeds than silicon chips, which means option A is the right answer.
Gallium Arsenide chips (GaAs chips) are improvised versions of silicon chips because every thing which a silicon chip can do can be performed with GaAs chips. It also requires lesser energy for its functions and is widely used in military and aeronautical purposes due to its higher efficacy. GaAs may contain a number of electrically active point defects that can affect the performance of devices. The economies for scaling of gallium arsenide promises this technology to be more viable for industrial usage. However these chips are more toxic and may have harmful effects during their waste disposals.
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in auditing the balance sheet, most revenue and expense accounts are also audited. which accounts are most likely to be audited when auditing accounts receivable
Most income and spending accounts are examined as part of the balance sheet audit. The cost of sales and bad debt. The likelihood of an audit of accounts increases when accounts receivable are examined.
The income statement includes bad debt costs, which are often categorized as a sales and general administrative expense. On the balance sheet, the recognition of bad debts results in a corresponding decrease in accounts receivable, however firms maintain the right to recover money in the event that circumstances change.
The costs incurred in distributing, marketing, and recouping the cost of a good or service are known as selling expenses. The operating expenses of a corporation are made up of three different types of costs.
A company's bad debt to sales ratio is a percentage of both its annual sales and its uncollectible accounts receivables.
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a company has $35,000 in current assets, $15,000 in long term assets, $25,000 in current liabilities and $45,000 in long term liabilities. what is its current ratio
The current ratio of a company is 0.3.
The current ratio, also known as the working capital, measures the ability of the business to meet its short-term liability that must be paid in one year. The ratio calculates the weight of total current assets compared to total current liabilities. It shows the financial health of a company and how it can make good use of its current assets to settle debts and pay bills. The current ratio formula (below) can be used to measure a company's basic income.
According to question,
it is given that,
a company has in:
current assets=$35,000,
long term assets= $15,000 ,
current liabilities= $25,000
long term liabilities=$45,000
Now, The formula to calculate current ratio is as follows:
Current Ratio = Current Assets / Current Liabilities
By putting the given values in the above stated formula we get:
Current ratio = 15,000/45000
= 0.3
Therefore, current ratio of a company is 0.3.
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the fact that a person is an outstanding sales representative does not necessarily mean that he or she would make a good sales manager because:
The fact that a person is an outstanding sales representative does not necessarily mean that he or she would make a good sales manager because the art of administration is a distinct skill, separate from technical ability.
The techniques a business employs to streamline its sales procedures are referred to as sales administration. Organizations employ sales administrators who may manage online orders, offer auxiliary assistance for sales reps, and compile crucial sales information to help them in their efforts. Businesses may guarantee the effectiveness of their operations and provide both their sales employees and their clients the assistance they need by allocating a portion of their business operations to sales administrations.
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Experts recommend that you accumulate enough to cover 3 to 6 __________________ of expenses in your emergency fund.
Experts recommend that you accumulate enough to cover 3 to 6 months' cost of expenses in your emergency fund.
What is the cost of living expenses?Simply put, it is the amount of money required to pay for necessities like housing, food, taxes, and healthcare in a particular location and time period, this is known as the cost of living.
The cost of living is frequently used to contrast how expensive it is to live in different cities and living expenses are correlated with earnings.
In a place where costs are greater, like New York, for instance, salaries must be higher for individuals to be able to afford to live there.
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the configuration of an organization made up of self-contained units that focus on results is referred to as a(n) structure.
the configuration of an organization made up of self-contained units that focus on results is referred to as a(n) divisional structure.
To accomplish organizational goals, actions must be delegated, supervised, and coordinated according to an organizational structure.
Organizational structure provides the framework on which standard operating procedures and routines are created. It determines which individuals are allowed to participate in which decision-making processes and how much their input will affect the organization's operations. The organizational structure is the filter or point of view that individuals use to view their organization and its surroundings. An organization can be structured in many different ways, depending on its objectives. How an organization functions and is run will be determined by its organizational structure.
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what was the relationship between the premiums, deductibles, and coverage limits for your insurance coverage?
There is an inverse relationship between the premiums, deductibles, and coverage limits for your insurance coverage.
When the premium of the insurance is lower, then the deductibles for such insurance coverage will be higher, This is because when insurance is not a premium one or of low value, then there are lesser perks to it and you have to pay for many of the services that result in a high deductible.
On the other hand, when the premium is a good one for insurance coverage then the deductibles are lower as this kind of insurance covers a maximum of the services. Hence, as the premium value and deductibles, and coverage limits are opposite to each other, there is an inverse relationship.
The question can correctly be written as:
What is the relationship between the premiums, deductibles, and coverage limits for your insurance coverage?
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A majority of economists believe that in the long run, real economic variables and nominal economic variables behave independently of one another.
a. true
b. false
Option b. False is the correct answer. The majority of economists think that throughout time, real and nominal economic variables act differently from one another. Monetary neutrality is the idea that an increase in money supply will affect the level of prices but not the level of output.
There are two kinds of variables, according to the traditional analysis employed in business and economics. Nominal variables, which are assessed in monetary terms, make up the first group. Real variables, which are measured in physical units, make up the second category. It is known as a classical dichotomy when nominal and real variables are separated.
The variables that are assessed in monetary terms are known as nominal variables. Real variables, on the other hand, are measured in physical units. Therefore, because they are measured in monetary units like dollars, the money supply and price are nominal variables. The fact that products and services are measured in physical units, however, makes them real variables.
It is known as monetary neutrality in classical analysis when changes in the money supply have an impact on nominal variables but not real variables. A rise in the money supply, for instance, will raise prices, another nominal variable, but it won't have a long-term impact on the number of products and services the economy can generate a real variable.
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other things the same, an increase in taxes shifts aggregate demand to the left. in the short run this makes output fall which makes the interest rate rise. true false
It is false that other things the same, an increase in taxes shifts aggregate demand to the left and in the short run this makes output fall which makes the interest rate rise.
An increase in income taxes decreases the disposable income for individuals, which in turn lowers consumption (but by less than the change in disposable personal income).
This causes a left shift in the aggregate demand curve which is equal to the initial change in consumption caused by the change in income tax multiplied by the multiplier.
In the aggregate demand and supply model, an increase in the tax rate will cause the aggregate demand curve to shift to the left by an amount equivalent to the initial shift in aggregate spending which is brought on by the rise in the tax rate multiplied by the new multiplier value.
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suppose you and a coworker are given a difficult task that requires you to give 110%, but your coworker does not pick up the slack. how do you approach the situation?
suppose you and a coworker are given a difficult task that requires you to give 110%, but your coworker does not pick up the slack. There are several. Although it's undoubtedly the right thing to do, approaching the establishment won't make you any friends.
Everyone will mistrust you, even those who are frustrated by this employee's or coworker laziness. There are numerous social factors at work. You are permitted to bring up the situation if he (or she?) is actually making you do more work. "Hey mate, I'm not your employer; I could care less what you do, but I'm forced to do (whatever additional work you're doing) since you're not," he said. Effort your weight Alternately, if your management is even remotely adequate, simply wait. Trust me, they've taken note. They'll eventually remove him (or her).
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Which of these must producers study in order to know what people want to buy and how much they are willing to pay?
O the size of the money supply
O the interest rates set by the Fed
O economic indicators
O consumers' purchases
The size of the money supply must producers study in order to know what people want to buy and how much they are willing to pay. Thus, option A is correct.
Who are the producers?A producer is in charge of discovering and starting a project, securing funding, employing writers, directors, and other influential players of the creative team, and supervising every stage of pre-production, creation, and reply up to release.
In order to understand what customers desire to buy and the amount they are ready to pay, companies must research the quantity of the monetary base. Customers may be more prepared to spend more when they have an emergency need of our service or item may meet. This is not always the case. They might be more inclined to pay greater if there is a lack of something than if there is excess.
Therefore, option A is the correct option.
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when preparing financial statements, the internal portion of investment trusts would be reported under which fund?
when preparing financial statements, the internal portion of investment trusts would be reported under investment fund.
investment fundAn investment fund is a pool of funds from several investors that is used to buy securities collectively while each investor retains ownership and control of his or her individual shares. An investment fund offers a bigger range of investment choices, more management skills, and cheaper investment costs than individual investors might acquire. Mutual funds, exchange-traded funds, money market funds, and hedge funds are all examples of investment funds. Individual investors do not make judgments about how a fund's assets should be allocated when they invest in investment funds. They just select a fund based on its objectives, risk, fees, and other considerations. A fund manager manages the fund and selects which securities to hold, in what amounts, and when to buy and sell them.
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in a 2018 divorce settlement, alex was required by court order to pay blair $36,000 in alimony annually. the divorce decree has not been modified. in 2019, blair received $25,000 in cash, a painting valued at $8,000, and the use of alex's beach house, valued at $3,000. what amount of gross income, if any, should blair report as alimony in 2019?
The amount of gross income, if any, should Blair report as alimony in 2019 is $25,000 as alimony can only be in cash.
Income, usually expressed in money, is the spending and savings opportunities earned by a business over a period of time. Conceptually, income is difficult to define and may be defined differently in different domains.
Income, as defined by tax law, is the sum of all wages, salaries, earnings, interest payments, rent, or other forms of income earned by households and individuals in the United States during a calendar year. To compare taxpayer welfare, disposable income is sometimes defined as gross income less taxes and other deductions.
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An important reason why the Federal Reserve would not want to keep interest rates at 0% forever is that: it limits the ability of the Fed to use expansionary monetary policy when the next recession occurs
The reason why Federal reserve would not want to keep interest rates at 0% because option b) it limits the ability of the Fed to use expansionary monetary policy when the next recession occurs
A central bank is said to have a zero interest rate policy if it sets its target short-term interest rate at or close to 0%. (ZIRP). The goal is to increase economic activity by promoting low-cost borrowing and broadening access to low-cost credit for individuals and enterprises. Society benefits from a period of low interest rates because there is a big incentive to borrow money and use it for future undertakings. If interest rates are low, businesses might borrow more money than they actually need and take on riskier enterprises, which is a possible drawback. Negative interest rates are impossible because market participants would just hoard their money.
Note that the full question is:
An important reason why the Federal Reserve would not want to keep interest rates at 0% forever is that:
a) it restricts the money supply, making it harder for banks to lend money.
b) it limits the ability of the Fed to use expansionary monetary policy when the next recession occurs.
c) it makes borrowing for homes and major purchases more expensive.
d) it raises the possibility of higher unemployment because lower interest rates slow economic growth.
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Which economist(s) thought that government should stay out of economic decisions, that the economy should be guided by the forces of supply and demand alone? keynes marx smith marx and keynes
The economist(s) that thought that government should stay out of economic decisions, that the economy should be guided by the forces of supply and demand alone is option A: John Maynard Keynes
What had Karl Marx said regarding the state of the economy?John Maynard Keynes main ideas were critical of capitalism and its flaws. Marx believed that capitalism would eventually self-destruct. A classless society would be established as a result of the alienated, oppressed workers overthrowing the owners and seizing control of the means of production themselves.
Therefore, Keynes claimed that the only entity that could spend the money that firms and individual consumers could not in order to break the cycle was the government.
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Answer: Smith
Explanation: Expert answer is incorrect, I did the test.
according to the wb-11 residential offer to purchase who is responsible to pay special assessments levied against a seller's property after the date of the offer but prior to acceptance?
According to the WB-11 residential offer to purchase, the buyer is responsible to pay special assessments levied against a seller's property after the date of the offer but prior to acceptance.
The WB-11 residential offer to purchase is a great opportunity for families looking for a new home. The offer includes a free home consultation and a $500 credit towards the purchase of a new home. The WB-11 residential offer is a great way to save money on your new home and get the best possible deal.
The WB-11 residential offer is an excellent opportunity for those who are looking for a place to call home. The offer includes a spacious and comfortable home, complete with all the amenities you could need.
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the euler construction company has been contracted to construct an extra bridge in konigsberg so that a eulerian path through the town exists. where should the bridge be built?
A settlement for services is a contract between a business and a man or woman who's self-hired in which the commercial enterprise is of the same opinion to pay the character for a limited quantity of carrier without that man or woman formally becoming a worker.
A 'contraction' is any word it's made by combining separate words. In a contraction phrase, a few letters from the original phrases are unnoticed and changed with an omissive apostrophe. An instance of a contraction is 'do not', that's made by combining the phrases 'do' and 'not'.
Shrunk words, additionally known as contractions (the term used within the 2014 revised countrywide curriculum) are quick phrases made by using placing phrases collectively. Letters are overlooked within the contraction and replaced through an apostrophe. The apostrophe shows where the letters could be if the words were written in completely.
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The amount of time I live in one place is an example of Capacity from the 5 Cs?
O True
O False
It is true One of the 5 Cs's capacity examples is how long I stay in one spot.
What is Capacity?Capacity, Lenders examine your business plan's revenue, expenses, cash flow, and payback schedule to assess your ability, or your capability to repay a loan. They also check your credit ratings from agencies like Equifax, Experian, and TransUnion as well as your personal and corporate credit reports.
By evaluating the borrower's debt-to-income (DTI) ratio and comparing income to recurrent debts, capacity calculates the borrower's capacity to repay a loan. DTI is determined by multiplying the borrower's gross monthly income by the sum of all monthly debt payments. The applicant's chances of being approved for a home loan are better the lower their DTI .
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the market value of a firm's output minus the value of the inputs the firm has bought from others is called .
the value of the inputs a company has purchased from other parties less the market value of the firm's output.
Discovered by combining all values from all firms Market value added (MVA) is a formula that determines the gap between a company's market value and the capital that shareholders and bondholders have individually invested.
To put it another way, it is the market value of the company's debt and equity minus any capital claims that have been brought against it.
MVAs are visual representations of the value that a company's management creates via its decisions and investments.
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select the correct answer. why are interest rates on long-term loans higher than interest rates on short-term loans? a. the value of money increases with inflation b. the uncertainty is lower c. lenders' risk is higher on long-term loans d. it is easier to forecast long-term market movements e. borrowers are persuaded to borrow a lesser amount
The value of money increases with inflation are interest rates on long-term loans higher than interest rates on short-term loans. Shorter loan terms usually result in higher monthly mortgage payments, but lower interest rates.
Furthermore, if you pay off your mortgage balance sooner, you may pay less interest overall than with a longer-term mortgage. Finally, the bottom line. Although short-term loans are convenient and appear to be a great way to solve a temporary problem, they are fraught with danger. Fees and interest rates can reach 400%, with payback terms as short as two weeks. Short-term loans, like any other loan, have an impact on your credit rating. Your credit rating improves whenever you borrow money and repay it according to the terms of the loan.
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employers with a strong evp are three times as likely to report on achieving financial performance significantly above their competitors. group of answer choices true
Employers with a strong EVP are three times as likely to report on achieving financial performance significantly above their competitors.
This statement is True.
More specifically, Employer means any organization, agency, government agency, agency, company, professional services firm, non-profit organization, that employs or employs an employee or person who may be described as an employee. You are a small business, business, or individual.
An employee is a person who works for a company and receives a salary, and an employer is a person or organization that hires workers to perform a job or task.
The primary responsibility of the employer is to ensure that the workplace is safe and that all persons working or visiting the workplace are not exposed to danger or harm from their work. is. For example, employers should:
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a variance is the difference between standard and actual prices and quantities. is this statement true or false?
A variance is a difference between standard and actual prices and quantities. is this statement. True
amount or amount is a belonging that could exist as a large number or significance, which illustrate discontinuity and continuity. quantities may be in comparison in phrases of "greater", "much less", or "same", or through assigning a numerical price more than one of a unit of size. Mass, time, distance, warmness, and perspective are many of the familiar examples of quantitative properties. quantity is most of the fundamental lessons of things along side great, substance, change, and relation. a few portions are such through their inner nature (as range), whilst others characteristic as states (residences, dimensions, attributes) of things consisting of heavy and light, lengthy and short, vast and slim, small and fantastic, or tons and little.
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if a company has 1,000 shares at a price of $2 per share, which includes earnings per share of $1, what is the market capitalization?
if a company has 1,000 shares at a price of $2 per share, which includes earnings per share of $1, the market capitalization is $2000.
The total value of the outstanding common shares owned by stockholders of a publicly traded firm is its market capitalisation, often known as market cap.
Market capitalization is calculated by multiplying the number of outstanding common shares by the market price per common share. Since outstanding stock is traded on open markets, capitalization can be used to gauge how the public perceives a company's net worth. It also plays a role in some stock valuation models. Ranking the size of corporations sometimes depends on market capitalization. Only the equity portion of a company's capital structure is measured; management's choice of how much debt (or leverage) to use to finance the company is not taken into account.
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Quik Mart sells groceries. Rite Price sells groceries and fills prescriptions. The party with the chief responsibility to prevent unsafe food and drugs from being sold is
The Food and Drug Administration (FDA)
Quik Mart sells groceries. Rite Price sells groceries and fills prescriptions. The party with the chief responsibility to prevent unsafe food and drugs from being sold is
The Food and Drug Administration (FDA)What is Food and Drug Administration (FDA)?The US food supply, biological goods, medical devices, cosmetics, and radiation-emitting products are all regulated by the Food and Drug Administration (FDA), which also ensures their safety, efficacy, and security.
The Food and Drug Administration (FDA) is in charge of ensuring the security, safety, and efficacy of biological goods, medical devices, our country's food supply, cosmetics, and radiation-emitting products in order to safeguard the public's health.
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during the current year, an individual who owns 100% interest in two rental real estate properties reports the following items: loss from rental estate property a (materially participates and performed 800 hours of service) ($20,000 ) loss from rental real estate property (actively participates) ($48,000 ) income from limited partnership (no material participation $12,000 income from dividends $15,000 what amount of the $68,000 loss may the taxpayer deduct this year?
Real estate property losses are considered passive losses.
Property losses: passive or proactive?They cannot be taken away from salary, stock investments, or savings balances. Passive income sources include businesses that rent out real estate and other forms of passive income.
Losses from rental properties are considered passive losses, and they frequently can only be utilized to reduce passive income (that is, income derived from small enterprises or other rental properties in which you are not an active participant. Investments are not a part of this).
What qualifies a property passive loss?Passive losses may also emerge through the sale of a passive company or piece of property, in addition to expenses exceeding income. The leftover losses may be carried over to the subsequent tax year if there is sufficient passive income to cover the excess of losses above passive activity revenue.
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environmental scanning is a green concept that involves the tracking of pollution generated by a firm and its impact on society. environmental scanning is a green concept that involves the tracking of pollution generated by a firm and its impact on society. false true
Environmental scanning is a green concept that involves the tracking of pollution generated by a firm and its impact on society. environmental scanning is a green concept that involves the tracking of pollution generated by a firm and its impact on society. Given Statement are false.
Environmental scanning is the continuous observation of patterns and events in the internal and external environments of an organization that have an impact on its success now and in the future. The findings are very helpful in defining objectives and tactics.
A popular technique for scanning the surroundings is a SWOT analysis. Strengths, Weaknesses, Opportunities, and Threats is referred to as SWOT. The marketing division of a corporation must consider both the company's internal strengths and prospects as well as its external weaknesses and threats while conducting a SWOT analysis.
Environmental scanning may be classified into five categories: technical, legal, ecological, social, and economic (financial).
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the measurement of the number of customers who stop using or purchasing products or services from a company is called
The measurement of the number of customers who stop using or purchasing products or services from a company is called reduced churn rate.
The number of consumers who discontinue using or buying goods or services from a business is measured as the "churn rate," which is a crucial sign of the expansion or contraction of a company's clientele.
The rate at which consumers cease doing business with a company is known as the churn rate, sometimes referred to as the rate of attrition or customer churn. The most popular way to express it is as the percentage of service subscribers that cancel their memberships within a predetermined time frame. It is also the frequency of employees quitting their positions within a predetermined time frame. A company's growth rate (determined by the number of new customers) must be higher than its attrition rate in order to grow its customer base.
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financea deficiency judgment can be created when a mortgage default occurs and the property is sold via foreclosure for less than the amount due to lender, only if it is a recourse loan. true false
A finance deficiency judgment can be created when a mortgage default occurs and the property is sold via foreclosure for less than the amount due to the lender, only if it is a recourse loan. this statement is true.
Finance is the study and discipline of money, currency, and capital assets. Related to, but not synonymous with, economics, the study of the production, distribution, and consumption of money, assets, goods, and services (the discipline of financial economics combines the two). Financial activities take place in financial systems to a different extent, so the field can be roughly divided into personal, corporate, and public finance. [AND]
In the financial system, assets are bought, sold, or traded as financial instruments such as currencies, loans, bonds, stocks, shares, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and loss minimization. In practice, risks are always present in any financial activities and entity. Within finance, there is a wide range of subfields due to its broad scope. Asset, money, risk, and investment management aims to maximize value and minimize volatility. Financial analysis is an assessment of the viability, stability, and profitability of an action or entity. In some cases, theories in finance can be tested using the scientific method, which is subject to experimental funding.
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