Jamie Lee and Ross understand that purchasing the second home for the triplets to use during the college years is not all about saving money by avoiding paying the dorm rent. What are some of the liabilities that Jamie Lee and Ross can expect that are directly connected to owning the second home, that might make them second-guess the purchase?

Answers

Answer 1

Some of the liabilities that Jamie Lee and Ross may pay that make them to second guess the purchase would be loans and mortgages.

If the house is a mortgage then it would mean that the house would be a liability instead of an asset. This is going to make them to second guess on buying this house.

If these parents borrowed money in order to purchase the home it would be a liability on them because they would have to pay back the money owed.

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Related Questions

Apple's Steve Jobs had to convince the music industry of a very big change in how they marketed music - what was it

Answers

Answer:

to sell digital version of songs on itunes...

i think

Leah wants to get a home loan from her bank. Which agency would regulate that loan to ensure it is fair? FDA- Food and Drug Administration SEC- U. S. Securities and Exchange Commission CFPB- Consumer Financial Protection Bureau FCC- Federal Communications Commission.

Answers

When a person wants to get a loan from a bank, the agency that ensures they are protected is the CFPB- Consumer Financial Protection Bureau .

The Consumer Financial Protection Bureau:

Was created to protect the public when they seek loans Enforces financial laws aimed at keeping the financial industry fair

The CFPB is therefore the agency that will look into Leah's loan to make sure that she is being treated fairly and is not being charged too much interest.

In conclusion, the agency is the Consumer Financial Protection Bureau.

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C. CFPB- Consumer Financial Protection Bureau

Which of the following would most likely be considered an expense in a budget?
A. Groceries
B. Rent
C. All of these
D. Car Loan

Answers

Answer:

C

Explanation:

Everything in life is an expense for me

A feature of corporate bonds is that they a. have residual claims to assets after common stock. b. represent ownership in a firm. c. pay dividends. d. pay interest until maturity. e. carry voting rights.

Answers

Answer:

D- Pay interest untill maturity

The feature of a corporate bond is represented through option d, that is, it pays interest until maturity.

Corporate bonds are raised by corporations with the intention of acquiring funds for business projects or activities by selling it to investors. These bonds are characterized by their face value and contain maturity as well as interest paying dates.

Therefore, the interest is given to investors semi-annually till the date the bond has been issued or maturity.

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Management estimates that 1% of the $100,000 of credit sales will be uncollectible. The Allowance for Doubtful Accounts has a $100 unadjusted debit balance. The adjusting entry to record estimated bad debts includes a ______. (Select all that apply.)

Answers

Based on the information given the appropriate adjusting entry to record estimated bad debts includes a:

Debit to bad debt expense of $1,000

Credit to allowance for doubtful accounts of $1,000

Adjusting journal entries

Debit Bad debt expense $1,000

Credit Allowance for doubtful accounts $1,000

(1%×$100,000)

(To record estimated bad debts)

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Answer:

credit to Allowance for Doubtful Accounts of $1,000

debit to Bad Dept Expense of $1,000

Which paste option should she use?

Answers

Answer:

Destination Theme and Link Data

Explanation:

Answer:

What she said

Explanation:

fit living has just opened a new fitness club uptown. the company wants to encourage people to try out the club for a week before signing up for membership. since the club is new in the area, the most effective way to promote the free trial is through

Answers

The most effective way to promote the free trial is through an Informative advertising.

An Informative advertising refers to an advert that is done to inform the people of the goods or services strengths rather than trying to convince customers to buy them.

The company should use the Informative advertising to encourage people to try out the club for a week because it is more factual and detailed

Therefore, the most effective way to promote the free trial is through an Informative advertising.

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Home Depot hired an advertising agency to develop television ads for its grand opening in southern Maine. The advertising agency represents which component of the communication process

Answers

Answer:transmitter

Explanation:

Opportunity, profit, independence, and challenge are some reasons people are willing to take the risks of being a(n)

Answers

Answer: entrepreneur

Explanation:

The process of determining the maximum allowable cost for a product and developing a profitable prototype is called ______.

Answers

The answer is Target costing
Can I have brainliest

How do consumers benefit from accumulating airline miles?
A. Consumers can use the miles to purchase airline tickets.
B. Consumers can use miles as a tax deduction.
C. Consumers can use miles to purchase a home.
D. Consumers can decline travel insurance.

Answers

Answer:

I think is b.

Explanation:

or d but double check just from background i eliminate a and c

Innovative team firms should have managers who provide ________, ________, and perspective to the team.

Answers

Based on firms' strategies, Innovative team firms should have managers who provide Support, Guidance, and perspective to the team.

This is because firms that focus on innovation would make many mistakes or trials and errors before the actual innovation of their products is made.

Thus, in these situations, employees need managers that can provide supports and encouragement for them to build on their innovative ideas so as not to fear sanctions or penalties if things go wrong.

The employees also need guidance and perspectives from their managers to quickly and correctly transform their innovative ideas into reality.

Hence, in this case, it is concluded that the correct answer is "Support and Guidance, " accordingly.

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How has Tesco’s performed against each of the measures of success?

Answers

Answer:

For a long time, we measured our performance using the Steering Wheel. ... We now have just six simple, key business performance measures. It's about alignment and focus: if we give our colleagues more power to choose the right actions, we'll do a better job for customers and achieve greater success for our business.

Answer:

Tesco has been particularly successful because of its powerful brand.  It has a reputation for value, low prices and for being customer focused.  Its brand equity and associations have helped the company to expand into new sectors and markets.  Tesco has also been strong in public relations, advertising and building profile in catchment areas on a local level.  This local approach to marketing appears to be a key driver for success.

most of the money used in political campaigns comes from

Answers

Answer:

Federal contribution limits.

Bundling.

Advocacy groups/interest groups.

"Hard" and "soft" money.

Political action committees.

501(c) organizations.

527 organizations.

Political parties.

Explanation:

they can come from any of them

adding value to products and services sold to consumers in households for their personal or family use is known as

Answers

Based on business and marketing relations, adding value to products and services sold to consumers in households for personal or family use is known as "Retailing."

This is because retailing is part of a business or marketing process that involves selling the products or commodities to final consumers.

Usually, retailing services involve the sales of products and services to add value to the final consumers.

For example, free delivery, making tomatoes and peppers into salsa, etc.

Hence, in this case, it is concluded that the correct answer is "Retailing."

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Match the terms with their correct definitions.

Answers

yaaaaaaaaaaaaaaahhhhhh

In January 2020, Ford Co. purchased a patent from a research institution for $400,000. The patent was estimated to have a useful life of 12 years. In December 2021, Ford Co. defended the patent in legal proceedings and successfully retained rights of ownership of the patent. The estimated life of the patent did not change from its original estimate. Legal expenses were $32,000. Determine the carrying value of the patent on December 31, 2021. Note: Carry all decimals in calculations; round the final answer to the nearest dollar

Answers

The carrying value of Ford Co.'s patent on December 31, 2021, is equal to $362,424.

Data and Calculations:

Cost of patent purchased in January 2020 = $400,000

Estimated useful life = 12 years

Annual amortization expense = $33,333.33 ($400,000/12)

Accumulated Amortization on December 31, 2020 = $33,333.33

Carrying value on December 31, 2020 = $366,666.67 ($400,000 - $33,333.33)

Capitalized legal expenses to defense title = $32,000

New value of patent = $398,666.67 ($366,666.67 + $32,000)

Remaining useful life of patent = 11 years

New annual amortization expense = $36,242.42 ($398,666.67/11)

Carrying value of patent on December 31, 2021 = $362,424.25 ($366,666.67 - $36,242.42)

Therefore, the accumulated Amortization on Dec. 31, 2021 is $69,575.75 ($33,333.33 + $36,242.42).

Thus, the carrying value of Ford Co.'s patent on December 31, 2021 is equal to $362,424.25 ($400,000 + $32,000 - $69,575.75).

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expansionary fiscal policy is used in order to ______ the economy.

Answers

Answer:

stimulate

expansionary fiscal policy is used in order to “stimulate” the economy; this is the right answer

If market share for six cleaning service companies are 8%, 10%, 6%, 3%, 25%, and 48%, what would be the Herfindahl-Herschman (HHI) index calculation

Answers

Answer:

52

Explanation:

ss

If market share for six cleaning service companies are 8%, 10%, 6%, 3%, 25%, and 48%, then the Herfindahl-Herschman (HHI) index calculation will amount to 52%. Therefore, the option C holds true.

What is the significance of the Herfindahl-Herschman, or the HHI, index?

The Herfindahl-Herschman, or the HHI, index is the one that is a representative of penetration or concentration of the share of total firms available in the market. It relates to expression monopolistic position of the firm with the largest share in an economy.

The HHI index can be calculated as the sum of difference between the firm with the highest share and the firms with lower shares out of the total market concentration.

HHI = 100 – Largest Share

HHI = 100 – 48%

HHI = 52%

Therefore, the option C holds true and states regarding the significance of Herfindahl-Herschman (HHI) index.

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The missing choices are added below.

A. 48%

B. 100%

C. 52%

D. 4%

After all long-run adjustments are completed in a perfectly competitive market, output will occur at each firm's minimum average ______.

Answers

Based on the cost of production hypothesis, after all, long-run adjustments are completed in a perfectly competitive market, the output will occur at each firm's minimum "average total cost where product price is equal to marginal revenue."

This is because the point at which the product price equals the Marginal Revenue is where additional revenue from selling an extra unit equals marginal revenue.

However, when marginal revenue surpasses marginal cost, the is considered to be a profit from commodity sold. These profits are sometimes referred Marginal benefits.

Also, when marginal revenue goes below the marginal cost, this is considered to be a loss.

Hence, in this case, it is concluded that the correct answer is "average total cost where product price is equal to marginal revenue."

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How has BBC’s Children in Need performed against each of the measures of success

Answers

Answer:

How has BBC’s Children in Need performed against each of the measures of success

Downward influence is best achieved through A. citing the firm's goals. B. forming alliances. C. an inspiring vision. D. forming support networks.

Answers

Answer:

B. forming alliances

Explanation:

assume the risk-free interest rate is 7% and the market return is 12%. if the beta of a stock is 1.4, according to capm, what is the required rate of return on the stock?

Answers

Answer:

Expected return = Risk Free Rate + [Beta x Market Return Premium]

One of the reasons that a rise in the price of a fixed basket of goods over time tends to overstate the rise in a consumer's true cost of living, is: substitution bias attribution bias complimentary bias preference bias

Answers

The effect that occur when there is rise in price of fixed basket of goods, which actually brings about the rise in a consumer's true cost of living is substitution bias .

Substitution bias can be regarded as effect that do occur when there is change in price of goods are relative to each other.

In this case, the consumer usually leave the high priced goods for cheaper ones because of change in price.

Therefore, option A is correct.

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When forming a business strategy, the firm needs to compare the cost advantages and drivers of uniqueness across its different activities and compare with that of other firms. True False

Answers

True I think don’t make and answer off me think harder about it

Statistics derived from national income accounting
A. form the basis for business accounting systems.
B. are useful to assess the health of an economy and formulate policies to maintain and improve that health.
C. are valuable for assessing economic health at a point in time but are less useful for comparisons over time.
D. change frequently and therefore are limited in their usefulness.

Answers

Answer:

B -  are useful to assess the health of an economy and formulate policies to maintain and improve that health.

Explanation:

easy

When sales were down for the third month in a row, the sales manager called a meeting of all sales staff in order to analyze the situation and attempt to come up with some solutions. This example illustrates:

Answers

Answer:

problem-focused coping.

Explanation:

Problem-focused coping is that kind of coping aimed at resolving the stressful situation or event or altering the source of the stress.

roberto really enjoys mingling at work functions, both to network for new contacts and simply to share stories with other interesting people. roberto probably scores high in:

Answers

Answer:

he made the first microscope in biology

What are the 3 Levels of Management?:​

Answers

Explanation:

Administrative, Managerial, or Top Level of Management.

When a corporation distributes assets of the company to its investors, it is referred to as a(n) Multiple choice question. option. expense. dividend. warrant.

Answers

Answer: dividend

Explanation:

When a corporation distributes assets of the company to its investors, it is referred to as a dividend.

What is a dividend?

A corporation's payout of earnings to its shareholders is known as a dividend. A corporation is allowed to distribute a portion of its profit as a dividend to shareholders when it generates a profit or surplus. Any remaining funds are seized and reinvested in the company (called retained earnings).

A business is often not allowed to pay a dividend out of its capital; thus, both the current year's profit and the retained earnings from prior years are eligible for distribution. If the company has a dividend reinvestment plan, the amount can be paid by the issue of additional shares or by share repurchase. Alternatively, distribution to shareholders may be made in cash (typically a deposit into a bank account).

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