What is financial disintermediation?
What will be an ideal response?
This concept refers to the phenomenon in which firms issue securities directly to investors in the capital markets, rather than borrowing from financial institutions that in turn raise funds from the capital markets.
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Identify the rule that states that income has been realized when a taxpayer receives the income and there are no restrictions on the taxpayer's use of the income (e.g., no obligation to repay the amount).
A. Claim of right B. Return of capital principle C. Wherewithal to pay D. Constructive receipt E. None of the choices are correct
Elvin Hospital bases its budgets on patient-visits. The hospital's static planning budget for May appears below: Budgeted number of patient-visits 9000?Budgeted variable costs: Supplies (@ $8.51 per patient-visit)$76,590?Laundry (@ $8.01 per patient-visit) 72,090?Budgeted fixed costs: Wages and salaries 99,000?Occupancy costs 80,300?Total expense$327,980??Required:Prepare a flexible budget for 9500 patient-visits per month.Elvin HospitalPlanning BudgetActual patient-visits9500?Supplies?Laundry?Wages and salaries?Occupancy costs?Total expense?
What will be an ideal response?
Which of the following is NOT a characteristic of a sincere apology??
A) ?They must be painful and create vulnerability. B) ?They must be authentic and not an excuse. C) ?The must not encourage feedback from the aggrieved. D) ?The must turn regret into a real change in behavior.
If negligence of the plaintiff and negligence of the defendant proximately caused the injury and damage sustained by the plaintiff, the plaintiff can recover some damages in those states where contributory negligence is still recognized
Indicate whether the statement is true or false