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If a municipality is expecting to receive federal funding for mass-transit programs, it could borrow against the expected funds to be received by issuing:_____. A. BANs. B. TANs. C. GANs. D. CLNs.
Joe-Bob is looking to buy a car and plans to finance the purchase with a loan. He earns $3,500 monthly. His mortgage costs him $900 monthly, and he pays $350 monthly for his student loan. a. Can he afford another loan based on the given affordability formulas? b. When should he apply these affordability formulas? c. When might these formulas not apply? d. How might a new car loan affect his other financial priorities?
Economic profit in the long run is possible for both a pure monopoly and a pure competitor, possible for a pure monopoly but not for a pure competitor, impossible for both a pure monopolist and a pure competitor, and only possible when barriers to entry are nonexistent.
Which of the following is not a reason why it is important for parties to memorialize their agreements in writing? a. A party enhances his/her chances of proving that an obligation was undertaken and makes it harder for the other party to deny making the promise. b. Signing a writing communicates the seriousness of the occasion to the signer. c. A person's signature on a written contract provides a basis for the contract to be authenticated. d. Writings are subject to the danger that a person might fabricate terms.
It will cost $3,000 to acquire a small ice cream cart. Cart sales are expected to be $1,400 a year for three years. After the three years, the cart is expected to be worthless as that is the expected remaining life of the cooling system. What is the payback period of the ice cream cart?
Bob manages a grocery store in a country with high inflation. He receives his salary in cash bi-monthly. On payday, he promptly purchases goods for the next two weeks to avoid the devaluation of his cash. Any unspent money is exchanged for a more stable foreign currency, despite the high fees. This behavior exemplifies the impacts of inflation.
Global Engineering's actual operating income for the current year is $50,000. The flexible budget operating income for actual volume achieved is $40,000, while the static budget operating income is $53,000. What is the sales volume variance for operating income
The management of Mecca Copy, a photocopying center on University Avenue, has compiled data to prepare its projected balance sheet for the upcoming year. The data includes the following projected ending balances: - Cash: (amount not provided) - Accounts Receivable: $8,900 - Supplies Inventory: $5,500 - Equipment: $38,000 - Accumulated Depreciation: $15,400 - Accounts Payable: $2,600 - Common Stock: $5,000 - Retained Earnings: (amount not provided) The beginning balance of retained earnings was $25,000, with a projected net income of $21,100 and budgeted dividends of $3,500.
A town with a small airport is served by two competing airlines. Which of the following strategies would be more likely to lead to price competition between the airlines? a) The airlines operate identical planes with the same type of seats and equal legroom for passengers. b) One airline provides meals on every flight, while the other offers no meals but experiences fewer delays. c) Both airlines offer flights to different sets of cities. d) The airlines provide loyalty programs that incentivize existing customers to remain loyal.
Unions with market power over labor supply can threaten to strike during employment contract negotiations for their members. What is the effect of unions wielding this power?
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