When looking to buy a home, your net worth statement tells you if you have the ability to obtain a mortgage, sufficient funds to cover the associated closing costs, and what else?
A) Interest Rates
B) Inflation
C) Lender Fees
D) Bank lending expenses
E) A down payment
E) A down payment
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Kirby subscribed to purchase 10,000 shares of stock to be issued by Globule Inc., an existing corporation. Globule accepted the subscription. The price set forth in the subscription agreement was $10 per share. When the time came for Kirby to pay the amount of his subscription, Kirby paid only $6 per share, claiming that such an amount represented the fair value of the shares. Globule delivered the stock certificates to Kirby for $6 per share. Is Kirby liable to Globule for the other $4 per share?
A. No, but he is liable for another $2 per share. B. No, because regardless of what the subscription price was, he cannot be forced to pay more than the fair market value of the shares. C. Yes, because Globule's stock does not have a par value. D. Yes, because regardless of the fair value, a purchaser is liable for stocks issued for less than the par value.
Which of the following types of differentiation refers to companies effectively designing their distribution medium's coverage, expertise, and performance to make buying the product easier and more enjoyable and rewarding?
A) services differentiation B) channel differentiation C) image differentiation D) product differentiation E) employee differentiation
Consumer advocates argue that
A. advertising should create brand loyalty rather than provide mere information. B. advertising is useful to consumers as it creates an equal and content society. C. advertising reduces the market power of large companies. D. advertising makes consumers aware of their needs, rather than creating needs. E. advertising costs are expenses that make the price higher for consumers.
Schriever Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed element per monthVariable Element per Well ServicedRevenue $4,500Employee salaries and wages$57,200 $1,100Servicing materials $600Other expenses$31,000 ?The planning budget for May was based on 36 wells serviced, but a total of 31 wells were actually serviced in May.?The activity variance for revenue for May would have been closest to:
A. $20,300 F B. $22,500 F C. $22,500 U D. $20,300 U