John d rockefeller built his own oil empire by creating

Answers

Answer 1

Answer: John D. Rockefeller built his own oil empire by creating Monopoly

In 1882, He managed to buy all of his rivals in oil industry, making his company, the Standard Oil became the one and only oil company in the United states without having a single rival in the industry

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what is the purpose of stop-loss insurance that is used with self-insured group medical expense plans? group of answer choices to have a commercial insurer pay claims that exceed a specified limit. to require employees to buy insurance for losses in excess of some specified amount to exempt self-insured plans from state insurance laws that require mandated benefits. to obtain administrative services from a commercial insurer
Ironhorse Tools has used $700,000 from its total annual earnings of $1,650,000 to invest in upgrading its manufacturing facilities. Its accounts receivable from customers is estimated to be $130,000 and accounts payable $75,000. In monetary terms, what would Ironhorse's resource flows be? Group of answer choices
All of the following are types of loans EXCEPT:a. bankruptcy loan b. small business loan c. mortgage loan d. automobile loan

Keystone Foods, which invented the individual quick freeze process for beef, provides McDonald's with millions of pounds of chicken, beef, and fish annually for use in its restaurants. The firm sources the animal proteins from farms and processes them in a variety of ways, such as breading or freezing, before selling them to McDonald's. Keystone is operating in __________ market.

Answers

Answer:

industrial

Explanation:

Generally companies can focus on producing goods and services for final consumers (B2C market), for other businesses (B2B market) or for the different government levels (public contracts).

In this case, Keystone Foods focuses on business-to-business (B2B) markets since it provides intermediate goods to other companies that later processes them into final goods that are purchased by final consumers.

Whirlpool is a company that organizes its sales force along customer or industry lines. For example, Whirlpool assigns individual teams of sales people to its different customers: Lowe's, Bust Buy, and Home Depot. Which sales force structure is Whirlpool using?

Answers

Whirlpool is using Market sales force structure

Explanation:

A business that deals in supplying only a portion of the goods or lines of the organisation.

Companies spend significant amount of time and money on maintaining their selling teams, rarely think about changing the sales force over the life cycle of a product or a corporation. Nonetheless, improvements in the composition of the sales force are necessary if an organisation is to continue to win the market for customers.

Clearly, the structure and practices of the sales force of a business is not easy to change. The nature of the sales force that operates during the start-up varies from what works when the company grows, matures and declines.

If the Fed lowers the reserve requirement, what will happen? (Select the best answer.) Group of answer choices Banks will be able to give out more loans. People will have less spending power. Banks will make changes to the fees they charge customers. The money supply will grow more slowly.

Answers

Answer:

Banks will be able to give out more loans

Explanation:

The Fed demands banks to maintain a percentage of their deposits as reserves. Reserves are meant to stay within the bank's strongroom to cater for unexpected withdrawals. The banks cannot loan out that money.

Should the Fed lower the reserve requirements, the banks will have more money lend. The proposition of deposits available to issue out as loans will increase.

The Fed influences the level of reserves to direct economic growth. Should the economy be slowing down, the Fed discourages the banks from holding high levels of reserves. Holding low reserves encourages banks to lend to households and businesses, which stimulates economic growth.

A mortgage company charges borrowers a 1.5% loan origination fee. A house is purchased for $210,000, with a $50,000 down payment. The buyer applies for a mortgage to cover the balance. What will the mortgage company charge as a fee if the asking price of the house was $235,000? a. $2,400 b. $3,150 c. $3,525 d. $3,750

Answers

Answer:

C. 3525

Explanation:

To calculate the mortgage company's fee, you first need to determine the mortgage amount, and then apply the 1.5% loan origination fee.

The purchase price of the house is $235,000.

The buyer makes a $50,000 down payment.

To find the mortgage amount:

Mortgage Amount = Purchase Price - Down Payment

Mortgage Amount = $235,000 - $50,000

Mortgage Amount = $185,000

Now, you can calculate the loan origination fee:

Loan Origination Fee = (Loan Amount) x (Loan Origination Fee Rate)

Loan Origination Fee = $185,000 x (1.5/100)

Loan Origination Fee = $185,000 x 0.015

Loan Origination Fee = $2,775

So, the mortgage company will charge a loan origination fee of $2,775.

The closest answer choice to this amount is:

c. $3,525

However, this does not match the calculated amount of $2,775. It's possible that there is an error in the answer choices provided. The correct answer based on the calculation should be $2,775, not one of the answer choices provided.

When assessing the creditworthiness of new entrepreneurs, lending institutions review the “Five C’s”. The ability of the entrepreneur to repay borrowed funds is known as:

Answers

Answer: Financial Capacity or credit capacity

Explanation:

The ability to repay refers to an individual's financial capacity to make good on a debt. By definition, credit capacity refers to how much credit you are able to handle. In deciding whether you qualify for a particular loan, your income is considered along with any other expenses and debts you may have.

Many lenders have a minimum credit score requirement before an applicant can be eligible for a new loan approval. Minimum credit score requirements will vary from lender to lender and from one loan product to the next. The general rule is the higher a borrower's credit scores, the higher the likelihood of receiving an approval. Lenders also regularly rely upon credit scores as a means for setting the rates and terms of loans. The result is often more attractive loan offers for borrowers who have good-to-excellent credit.

Which financial statement is considered a link between the income statement and balance sheet?a. Statement of cash flows
b. Statement of company assets
c. Statement of company liquidity
d. Statement of owner’s equity

Answers

Statement of owner’s equity is considered a link between the income statement and balance sheet.

The answer is D. Statement of owner's equity

Other Questions

Suppose the United States has two utilities, Commonweath Utilities and Consolidated Electric. Both produce 20 million tons of sulfur dioxide pollution per year. However, the marginal cost of reducing a ton of pollution for Consolidated Electric is $275 per ton and the marginal cost of reducing a ton of pollution for Commonwealth Utilities is $375 per ton. The government's goal is to cut sulfur dioxide pollution in half (by 20 million tons per year). a. If the government issues 10 million tradable pollution permits to each utility, what will be the cost of eliminating half of the pollution to society? b. Using a cap-and-tradeLOADING... system of tradable emission allowances will eliminate half of the sulfur dioxide pollution at a cost of $ nothing million per year.c. If the permits are not tradable, what will be the cost of eliminating half of the pollution? d. If permits cannot be traded, then the cost of the pollution reduction

Abbey Co. sold merchandise to Gomez Co. on account, $25,700, terms 2/15, net 45. The cost of the goods sold was $14,731. Abbey Co. issued a credit memo for $3,100 for merchandise returned that originally cost $1,458. Gomez Co. paid the invoice within the discount period. What is the amount of gross profit earned by Abbey Co. on the above transactions?

The absence of cyclical unemployment is evidence that? A. production and employment levels are at their worst. B. businesses are producing more than they can sell and works are being laid off C. prices are dropping and the value of money is rising D. business production is near full capacity and there is little unemployment

What is the difference between real GDP and nominal GDP