BUSINESS HIGH SCHOOL

A share of ownership in a company is known as which of the following?

Answers

Answer 1
Answer: A share of ownership in a company is known as a stock.
Answer 2
Answer: It is know as a stock.

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Jenny is a financial planner and wants to sell fixed-income investments. For this purpose, she requires a(n) certificate.

Answers

To became a financial planner that sell fixed-income investment, Jenny requires a CFP certificate.

In order to get it, Jenny has to pass the CFP certification exam that's administered by the CFP board, as a sign that Jenny has fulfilled the standard.

ANSWER: FINRA Series 7

EXPLANATION: Jenny needs a FINRA Series 7 certificate which will allow her to sell and buy security products such as Mutual Funds, Stocks, Bonds and Fixed Income Investments.

The advisor needs to pass a test consisting of 250 multiple choice questions which are there in two sections of 125 each. Time alloted is three hours for each section. It is also required to work for an organization registered with FINRA to secure the license.

Josh is journalizing an adjustment for a bank service fee. What type ofaccount would this be considered?
A. cash
B. revenue
C. expense
D. accounts payable

Answers

Answer:

Expense

Explanation:

The Roth IRA differs from the regular IRA in that:a. earnings on the account are tax free after five years.
b. contributions may exceed $2,000.
c. deposits must be in federally-insured accounts.
d. funds are only to be used for education expenses.

Answers

Answer:

Your answer is A

Earnings on the account are tax free after five years.

Explanation:
The answer is a. Earnings on the account are tax free after five years

But for those five years, the contribution to the Roth IRA account is not TAX Deductible, unlike the regular IRA , which is deductible, borderline, both Roth IRA and regular IRA have their own advantages and disadvantages

A legal obligation that involves repaying a debt is called a _____.A.liability
B.profit
C.property right

Answers

Answer;

-Liability

A legal obligation that involves repaying a debt is called a Liability.

Explanation;

-To be liable for something means to be legally responsible for something, as in he lost his case and was found liable for damages. A liability is a legal obligation, as in he denied any liability for the damage. A company’s liabilities are its debts, as in the business has liabilities of €2 million.

-A liability is an obligation and it is reported on a company's balance sheet. A common example of a liability is accounts payable. Accounts payable arise when a company purchases goods or services on credit from a supplier. When the company pays the supplier, the company's accounts payable is reduced.
A legal obligation that involves repaying a debt is called a LIABILITY.

You are liable to pay off all the debts you have incurred. Payment may be done through monetary compensation or physical performance.

Suppose Tammy grew up on a farm and is very good at plowing. In addition, suppose she is a popular country singer who earns $4,000 per performance. If her husband Bob can plow (but not as well as Tammy) but he can't carry a tune, then it would be most efficient if a. Tammy did both the plowing and the singing. b. Tammy specialized in singing and Bob in plowing. C. Tammy specialized in plowing and Bob in singing. d. Bob did both the plowing and singing. e. they both plowed and sang.

Answers

Answer:

B) Tammy specialized in singing and Bob in plowing.

Explanation:

Tammy has an absolute advantage at singing because she is simply absolutely better at singing than her husband. She also has a comparative advantage at plowing because she plows better than him, but he can still do some plowing. Therefore, Tammy should specialize in the task that she has an absolute advantage and generates a larger revenue, while her husband should specialize in plowing even though he is not very good at it. By specializing in plowing, Tammy's husband might end up doing it as good as her.

In case of an emergency, you should have money saved to cover expenses for at least _____.

Answers

In case of an emergency, you should have money saved to cover expenses for at least 3 months because you never know when are you going to get injured really bad
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