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Which one of the following situations demonstrates the “equity” characteristic of a good tax?
MeGustaCulo
Policy-makers lower the tax rate for individuals earning income below the poverty threshold.
MeGustaCulo
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What are the different parts of a balance sheet?
Following are different parts of balance sheet:AssetsLiabilitiesOwner's Equity
Which of the following business transactions would cause a decrease both in assets and owner's equity?
a withdrawl
Which of the following shows how the descriptive entry under owner's equity should appear?
tom cotton owner
Which of the following errors would cause the Balance Sheet and Statement of Owner's Equity columns of a work sheet to be out of balance?
entering an expense amount in the balance sheet and statement of owner's equity debit column.
A chart of accounts lists accounts in the following order?
assets liability owners' equity income expense account
What is the purpose of a home equity payment?
If one has a home equity loan, payments must be made on the loan. Usually a home equity loan is taken out for situations such as major home improvements, or financing a college education.
Which of the following accounts is an owner's equity account?
When purchasing a home with a home loan part of your mortgage payment will go to the equity account. The following would be used with an owner's equity account: paying property taxes and paying homeowners insurance.
Where could one find an equity release calculator?
One could find an equity release calculator at the following sources: The Equity Release Calculator; Aviva Equity Release; Responsible Equity Release; and Bristol West Life Time.
What corporate characteristic causes the rate of return and rate of equity percentage to be different?
The total liabilities because Assets = Liabilities + Owner's Equity. Corporations can borrow money to finance their company, therefore however much you borrow affects assets and owner's equity.
What are the different parts of a balance sheet?
Following are different parts of balance sheet:AssetsLiabilitiesOwner's Equity
Which of the following business transactions would cause a decrease both in assets and owner's equity?
a withdrawl
What is full equity control?
Full equity control may also mean majority control or in practical terms, owning at least 51% of the voting shares of a company. In these situations, the majority shareholder can control decision-making and usually has the final say.
What is an interest only home equity loan?
An interest only home equity loan allows someone to pay only the interest on their mortgage for several years and not pay the principal. This is a good option for people in lower income situations to avoid going into default.
Which of the following shows how the descriptive entry under owner's equity should appear?
tom cotton owner
Which of the following errors would cause the Balance Sheet and Statement of Owner's Equity columns of a work sheet to be out of balance?
entering an expense amount in the balance sheet and statement of owner's equity debit column.
Where can someone get information on refinancing home equity mortgages?
One is able to get information on refinancing home equity mortgages on websites such as the following: Citizen's Bank, Chase, HSH, Chartertone, and Card Member Services.
Are there any companies that offer a private equity loan with bad credit?
Yes, several companies do offer equity loans with bad credit. These come with higher fees and higher interest rates so I would check out all options and use these in emergency situations only.
