Personal Finance

What is a motive?

Strong economic growth since 1960 has allowed nations like Singapore and Ireland to surpass nations such as the United Kingdom and France in real GDP per capita. a. True b. False

Cullumber Company reported the following results for the year ended December 31, 2018, its first year of operations: 2018 Income (per books before income taxes) $2,049,000 Taxable income 3,250,000 The disparity between book income and taxable income

Classical economist David Hume observed that as the money supply expanded after gold discoveries a. it took time for prices to rise; in the meantime output was higher. b. it took time for prices to rise; in the meantime output was lower. c.

The theory that quantity supplied and price are positively related, other things constant, is referred to as the law of: opportunity cost profit maximization demand supply

How are balloon payment mortgages different from traditional mortgages? Check all that apply. 1. The term is shorter than for traditional mortgages. 2. Unlike traditional mortgages, the borrower pays no interest. 3.

Barr Corp. started a long-term construction project in 20X0. The following data relate to this project: Contract price $4,200,000 Costs incurred in 20X0 $1,750,000 Estimated costs to complete $1,750,000 Progress billings $900,000 Collections on

Bob contributed a building with an adjusted basis to Bob of $50,000 and a fair market value of $150,000 subject to a mortgage of $120,000 in exchange for a 30 percent interest in the Alpha Partnership. Alpha will assume the mortgage on the building.

Nareen is single, 68 years old, and reports the following in 2018: a. $12,000 alimony received (divorced in 2010) b. $82,520 Schedule C profit c. $3,500 SEP (self-employed pension) plan contribution d. $7,150 qualified dividends e.

Sun Inc. has 5,000 shares of 6%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2007. What is the annual dividend on the preferred stock? a. $60 per shareb. $30,000 in totalc.

a risk averse investor, which of the following four otherwise identical investment would you prefer? A. Security W, which exhibits a standard deviation of 2% and offers an average return of 12%. B.