How much annual income would you need to have if, using the 28/36 ratio, your maximum allowable recurring debt is $500?

a. $21,430

b. $30,000

c. $62,500

d. $75,000

On January 1, 2012, Dawson, Incorporated, paid $100,000 for a 30% interest in Sacco Corporation. This investee had assets with a book value of $550,000 and liabilities of $300,000.

A. The aggregate expenditures model states that savings and that savings will increase when disposable income or real GDP. b.

a group of students is measuring the numbers of papers bag brought to a recycling center in a single day. what are the students doing

In an equipment replacement decision, the cost of the old equipment is a (n) A. Incremental cost B. sunk cost C. Relevant costs D. Opportunity cost

The FHA loan insures the ___. a. borrower c. mortgage broker b. seller d. all of the above

You have been placed in charge of all advertising for a product that has common appeal in different cultures around the world. You will most likely engage in a. global advertising. b. international advertising. c. national advertising. d.

Miller Company has a subsidiary located in Saudi Arabia. In order to reduce economic exposure, Miller restructured its operations and increased supply order in Saudi Arabia.

It would be faster for a human resource manager to use a (an) (blank) to alert employees about a company picnic.

Why do economists use models? a. Models are used to add complexity to a simple world. b. Models allow us to study a simplified version of a complex world. c. Models allow us to control exogenous factors. d. Models make the world harder to understand.

On January 1, Wei company begins the accounting period with a $45,000 credit balance in allowance for doubtful accounts. a. On February 1, the company determined that $9,800 in customer accounts was uncollectible; specifically, $2,400 for Oakley Co.