When a mortgagor cannot make the payments for his or her mortgage, the mortgagee will seek a ________
A) garnishment order of the court for the mortgagor's wages
B) court-ordered sale of the mortgaged property
C) mechanic's lien on the mortgaged property
D) loan guarantee from the mortgagor
B
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Use the information below for Shorter Inc for 2015 and 2016 to answer the following question. Equipment, December 31, 2015 $65,000 Equipment, December 31, 2016 72,000 Accumulated depreciation, December 31, 2015 39,000 Accumulated depreciation, December 31, 2016 30,000 During 2016, Shorter Inc sold equipment with a cost of $30,000 and accumulated depreciation of $25,000 . A gain of $3,000 was
recognized on the sale of the equipment This was the only equipment sale during the year. Assume that all purchases of equipment were paid with cash. How much cash was paid by Shorter for the purchase of equipment during 2016? a. $ 7,000 b. $30,000 c. $37,000 d. $72,000
Contingent pay
a. is always paid in stock options. b. is the sole source of pay an employee receives from his/her employer. c. is received in addition to the basic wage and is dependent upon performance exceeding some performance objective. d. can only apply to individual performance.
Which of the following types of businesses do you expect to show a high degree of seasonality in quarterly earnings? Explain why
Firms should be careful with a ________ strategy, as price is a cue for developing customer perceptions of product quality. The value proposition may be reduced if a low price belies the product's actual quality attributes.
A. penetration pricing B. price skimming C. target ROI D. competitor-based pricing E. value pricing