For a conventional mortgage, a lender typically requires a down payment of 10 to 20% of the home's selling price
Indicate whether the statement is true or false.
Answer: TRUE
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Market niching is profitable because the company ________
A) copies or improves on the leader's products and programs, usually with much less investment B) bears the cost of developing new products and markets, expanding distribution, and educating the market C) knows the needs of the target customer segment better than other firms that casually attempt to sell to the same segment D) either keeps its manufacturing costs and prices low or its product quality and services high E) can achieve economies of scale much faster by selling the same product to the global market
The more variable the firm's cash flows from operating activities, the more risk that the firm will not have sufficient cash to meet the required payments. Failure to meet these obligations can result in
a. default. b. creditor intervention in the management of the firm. c. regulatory intervention in the management of the firm. d. bankruptcy. e. All of these answer choices are correct.
An automatic stay refers to the suspension of certain legal actions by creditors against a debtor or the debtor's property
Indicate whether the statement is true or false
How much income must Faye recognize from her employment?
Faye is a marketing manager for Healthy Corp. She earns a salary of $100,000 and has received the following benefits: • Healthy pays 75% of all employees' health and accident insurance coverage. Healthy paid $6,000 towards the cost of Faye's health insurance during the year. • Faye participates in the cafeteria plan and had elected to have $2,000 withheld from her pay to cover the remaining cost of the health insurance premiums and an additional $1,500 to cover dental and other health care costs not paid by insurance (i.e., funding a flexible spending account). The full $1,500 was used to pay for various qualifying medical costs. • Healthy pays the cost of disability insurance coverage for all employees. The insurance will pay 75% of salary if employees are out of work for a significant period. The cost of Faye's premiums was $600. • Healthy pays for the cost of veterinary insurance for all employees. The cost of coverage for Faye's dog was $400. • Healthy pays for the cost of daycare for its employees' children. The cost for Faye's two children was $8,000. • All employees receive a 20% discount on Healthy's products. The typical markup on their products is 25%. Faye enjoyed $1,200 of savings through the discount program. • Faye won the manager of the year award earlier in the year and received an all-expense paid week at a desert spa valued at $3,500. • Healthy pays Faye's annual membership dues of $500 to the American Marketing Association. • Healthy paid for the full $2,500 cost of Faye's attendance at the American Marketing Association's annual conference in Orlando.