Chapter 1 Question 2: Define the following terms and explain why they were important during the housing and credit crisis of 2007-2009. a. Mortgage b. Subprime loan c. Asset write-down Answer: Mortgage – is a contract whereby a borrower provides a lender with a lien on real property as security against a loan. Mortgage is important during the housing credit crisis because it is one of the major causes of the problems that financial institutions are facing during the crisis. The
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set of emotional qualities‚ ways of behaving‚ etc.‚ that makes a person different from other people” (2016). God creates each individual with a unique set of characteristics much like how a fingerprint can be distinguished from person to person. The Myers-Briggs personality test uses sixty-four questions to help determine a person’s personality. Each personality is associated with a four-letter code with up to sixteen different variations of the code and subsequent personality types. After taking the
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WEEK 2 – Keyboarding ASSIGNMENT INSTRUCTIONS Week 2 – Assignment Lesson 17 – Gregg College Keyboarding‚ page 39 and 40 Improve Your 10-Key and Keyboarding Skill Before you begin‚ save this document to your computer desktop. You will need to enter your scores in the “10-Key Numeric Keypad” section‚ and the “Timed Writings” section (found at the end of this assignment document)‚ then submit the document with timed writing scores included‚ to the assignment drop box. There are two parts to this
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Chapter 6 Forecasting Case Problem 2: Forecasting Lost Sales 1. The data used for the forecast is the Carlson sales data for the 48 months preceding the storm. Using the trend and seasonal method‚ the seasonal indexes and forecasts of sales assuming the hurricane had not occurred are as follows: Month Seasonal Index Month Forecast ($ million) January 0.957 September 2.16 February 0.819 October 2.54 March 0.907 November 3.06 April 0.929 December 4.60 May 1.011 June 0.937 July 0.936
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Buckwold and Kitunen‚ Canadian Income Taxation‚ 2010-2011 Ed. CHAPTER 10 INDIVIDUALS: DETERMINATION OF TAXABLE INCOME AND TAXES PAYABLE Review Questions 1. Briefly explain the difference‚ for individuals‚ between net income for tax purposes and taxable income. 2. Explain the difference between an allowable capital loss and a net capital loss. 3. Describe the tax treatment of net capital losses. 4. Explain how a non-capital loss is created and how it is treated for tax
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Myers-Briggs Personality Type After completing the Myers-Briggs Personality Type Assessment I discovered that my personality type is ISTJ‚ and this type makes up about 12% of the U.S. population. ISTJ stands for Introversion‚ Sensing‚ Thinking and Judging. I agree with the personality type that was chosen for me. After reading the report about the description of ISTJ‚ I think that my personality and preferences were outlined great. I am realistic‚ organized‚ reasonable‚ and consistent. I also know
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CHAPTER 10 CRITICISMS OF ABSORPTION COST SYSTEMS: INCENTIVE TO OVER-PRODUCE P 10-1: Solution to Federal Mixing (10 minutes) [Explaining absorption versus variable costing] Variable costing writes off to income all fixed manufacturing costs incurred during the year. Absorption costing prorates the fixed overheads between units in inventory and units sold based on machine hours. Absorption costing net income is higher than under variable costing by $1.2 million. This means that inventories
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CHAPTER 3 Product Costing and Cost Accumulation in a Batch Production Environment ANSWERS TO REVIEW QUESTIONS 3-1 (a) Use in financial accounting: In financial accounting‚ product costs are needed to determine the value of inventory on the balance sheet and to compute the cost-of-goods-sold expense on the income statement. b) Use in managerial accounting: In managerial accounting‚ product costs are needed for planning‚ for cost control‚ and for decision making. c) Use in cost
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Fin 4910/6990 Further Questions Problem 7.19 (a) Company A has been offered the rates shown in Table 7.3. It can borrow for three years at 6.45%. What floating rate can it swap this fixed rate into? (b) Company B has been offered the rates shown in Table 7.3. It can borrow for 5 years at LIBOR plus 75 basis points. What fixed rate can it swap this floating rate into? (a) Company A can pay LIBOR and receive 6.21% for three years. It can therefore exchange a loan at 6.45% into a loan at LIBOR plus
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According to the Myers-Briggs personality test I am an ENFP. Reading the description I thought it was very accurate. It is said ENFP are warmly enthusiastic and imaginative. Which is true because I’m always interested to try new things I rarely shot down an idea. That we see life with full of possibilities and make connections between events and information very quickly. The world isn’t as simple as black and white that there are fifty shades of gray and I am quick to accept it all. Ready to give
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