In the chasm model, the first small crack appears between:
A) the late majority and the laggards.
B) the innovators and the early adopters.
C) the early adopters and the early majority.
D) the early majority and the late majority.
B
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You have been talking to a friend who may be interested in investing in your company. However, he would like to see a plan to be assured that the business would work given the business environment, market, and ability to carry out the plan. Describe the planning tool advisable in this situation and itemize the elements of the plan.
What will be an ideal response?
Cash is a highly liquid asset, but cash equivalents are not highly liquid assets
Indicate whether the statement is true or false
Net pay is the total amount of compensation that an employee takes home after the deductions are made
Indicate whether the statement is true or false
Zack Peyton borrowed $398,000 from Fifth First Bank to purchase a new home. Zack gave First Bank a mortgage on his home. The mortgage was recorded on January 3, 2014. Zack had made a down payment of $42,000. When Zack moved in, he purchased an in-ground swimming pool from Paddock Pools for $35,000. Zack paid Paddock $4,000 and Paddock financed the remaining amount for him, recording a mortgage
for $29,000 on February 26, 2014. Zack needed window coverings, landscape, and some new furniture. Wells Fargo gave Zack a $150,000 home equity line of credit, secured by a mortgage on Zack's home for $150,000. Wells Fargo recorded the home equity credit line mortgage on February 1, 2014. Zack, because of a bonus at work, did not draw on the line of credit until June 10, 2015, using $25,000. The economy went south somewhere around September 2015. The value of Zack's home dropped by almost 50%. Zack lost his job. He could no longer make his payments. Fifth First Bank served Zack with a notice of foreclosure on November 1, 2015. ?When the foreclosure takes place, who has priority in the distribution of the funds? A)?Wells Fargo B)?Paddock because it was a creditor for improvement to the property and takes priority over the original mortgage lender C)?Fifth First Bank D)?Because they are all mortgages, they are on equal footing and there will be a pro rata distribution