Response: $1,110.
Explanation:
Data Provided: Revenue from concession stand sales on game day = $5,550
That is to say, Gross income = $5,550
Event profit = $3,330
Thus, Net income = $3,330
Using the Net income formula:
Gross income - expenses = Net income
Therefore, Expenses = Gross income - Net income
Thus, Expenses = $5,550 - $3,330
Thus, Expenses total $1,110.
Response:
Clarification:
I apologize, but I only need points, sorry to trouble you; please ask someone else, sorry;)
Answer:
Casual Ambiguity
Explanation:
Analyzing the provided details, it appears that the foundation of Ardent's success is attributed to Casual Ambiguity. This term describes a scenario wherein it's nearly unfeasible to connect outcomes to their original states or origins. This is evident in Ardent's substantial success and its edge over rivals. Similar dynamics can be seen in the pricing trends of stocks, options, futures, and related financial products on markets.
Response:
C. Locate a lender that is prepared to provide FHA loans.
Explanation:
The FHA loan program was established by the U.S. government to make home ownership more accessible for citizens. To qualify, the minimum credit score required is 500, with a down payment of 3.5% for scores of 580 or above, and 10% for scores between 500 and 579. Additionally, mortgage insurance must be acquired, and the proposed property must comply with FHA standards.
However, it is not within his control to find a lender offering FHA loans, as the lender must be sanctioned by the Federal Housing Administration. He can only secure a loan from a financial institution approved by the FHA.
$4,800
Explanation: The calculation for the increased annual cash inflow is detailed below:
Savings from the new machine's annual maintenance costs = $15,000 - $6,000 = $9,000
Net maintenance savings = $9,000 × (1 - 0.4) = $5,400
Reduction in depreciation due to acquiring new equipment = ($60,000 ÷ 10) - ($45,000 - 10) = $6,000 - $4,500 = $1,500
Tax implications from decreased depreciation = $1,500 × 0.4 = $600
Net annual cash inflow associated with new machinery = Net maintenance savings - Tax impact = $5,400 - $600 = $4,800. Hence, this process yielded the computed additional annual cash inflow.
