Juanita has determined that the PITI on the house she would like to purchase will be $1,260 per month. What is the minimum gross salary she will need to qualify for a mortgage from a reputable lender?
A) $6,300 per month
B) $4,500 per month
C) $3,500 per month
D) $5,040 per month
B) $4,500 per month
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Which nontraditional work schedule gives employees the benefit of an extra day off by allowing them to work their usual number of hours in fewer days per pay period?
A. flextime B. compressed workweek C. job sharing D. telecommuting
Wean Corporation's budgeted balance sheet for the coming year shows total assets of $5,000,000 and total liabilities of $2,000,000. Common stock and retained earnings make up the entire stockholders' equity section of the balance sheet. Common stock remains at its beginning balance of $1,500,000. The projected net income for the year is $333,000. The company pays no dividends. What is the balance
of retained earnings at the beginning of the budget period? A) $1,067,000 B) $1,167,000 C) $1,833,000 D) $1,500,000
Which of the following statements is true of U.S. firms, financial institutions, and banking organizations??
A. ?U.S. firms had much higher growth rates than their European counterparts. B. ?U.S. firms follow less conservative working capital policies than European firms. C. ?Corporations in the U.S. use significantly greater proportions of long-term financing than European firms. D. ?U.S. financial institutions traditionally have been subject to less restrictions and regulations than banking organizations in other countries. E. ?U.S. banking organizations often have very close relationships with the firms that borrow from them, which generally results in a greater willingness to provide more short-term, risky debt than we observe in European banks.
A partner owes to the partnership and the other partners a duty of loyalty.
Answer the following statement true (T) or false (F)