Your sister's pet supplies business obtained a 30-year amortized mortgage loan for $250,000 at a nominal annual rate of 7.0%, with 360 end-of-month payments. The firm can deduct the interest paid for tax purposes. What will the interest tax deduction be for for the first year of the loan? (Assume she took out the loan on January 1.)
A. $17,419.55
B. $17,593.75
C. $17,769.68
D. $17,947.38
E. $18,126.85
Answer: A
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Excellent leaders assess each situation and then select the leadership style and accompanying communication style that best fits the situation using three factors: the leader-follower relationship, the task structure, and the position power. This is a situational leadership theory called
a. Blake and Mouton’s Managerial Grid. b. Contingency Theory. c. Hersey and Blanchard’s Situational Leadership Theory. d. being a transformational leader.
Which of the following is NOT an example of a storage device in an accounting information system?
A) computer B) financial statements C) filing cabinet D) server
Briefly explain the events that cause the dissolution of a limited partnership under RULPA
What will be an ideal response?
Grace admitted, "My project team never did gel. It seemed as if we were all, as individuals, working for different reasons. Some of us were focused on winning the next award from the client. Some of us were focused on bringing in the current project under budget. Some of us were focused on delivering a quality product regardless of the cost. Some of us wanted to finish on time. Some of us wanted to take as long as necessary to finish with excellence. Some of us wanted to go way beyond the client's contractual requirements." If you were Grace's manager, what would you counsel her to do so that her future teams do not have a similar experience?
A. Avoid the social facilitation effect. B. Commit to a common purpose. C. Encourage groupthink. D. Limit team empowerment. E. Place less emphasis on quality than quantity.