When a borrower makes a payment on an installment loan, a portion of the amount paid reduces the principal balance of the note payable. This statement is TRUE.
What is an installment loan?
Installment loans, which let you borrow money and repay it in equal monthly installments with a fixed interest rate, are a useful tool in your personal finance kit if you want to pay off large debts in discrete, manageable amounts.
The most typical sort of installment loan is a personal loan, but there are other types as well, like no credit check loans, mortgages, and auto loans.
Individuals who qualify for installment loans are able to borrow a fixed sum of money that is disbursed in one lump payment and is repayable over time. These loans often have set interest rates and regular monthly payments that are the same every month. Each monthly payment is divided into two equal halves that are applied to the principal borrowed and the loan's interest.
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candice is updating her estate planning and wants to write a legal document that will allow all of her assets to go to her spouse except for a certain amount that will be set up in a trust. the trust (plus interest) can provide her spouse lifelong income that will not be taxed. she is writing a(n):
A legal document that includes contracts and agreements are mutual promise between or more parties. They may be visible everywhere — from business offers and worker contracts to residential leases and agreement agreements.
it's going to comprise criminal factors, which include events and name and the date, branding elements like a company's emblem, workplace address, and file identification. there's normally no web page number on the cover web page. The desk of Contents web page (TOC) will usually include a name and a document id.
A settlement is a legally enforceable settlement that creates, defines, and governs mutual rights and obligations amongst its parties. A settlement commonly includes the transfer of products, services, money, or a promise to transfer any of those at a future date.
There are as a minimum four types of trial documents you may put together well earlier than the trial: motions in limine; trial briefs; criminal memoranda; and special jury instructions. some of these files can be written ahead of time, thereby saving you time to cope with the final minute issues that commonly arise earlier than trial.
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hy do creditors usually accept a plan for financial rehabilitation rather than demand liquidation of the business?
The technique of liquidation of a agency starts offevolved with the promoting off of all assets one with the aid of one.
Based on the priority, and necessity as per the understanding, the selections are made, this excludes the cash and bank balances. The last quantity is then allotted amongst the distributors after repaying the liabilities.
What takes place to lenders when a business enterprise goes into liquidation?When a organization goes into liquidation its assets are sold to repay creditors and the business closes down. The enterprise name remains stay on Companies House however its status switches to 'Liquidation'.
When a employer will become insolvent, meaning that it can no longer meet its monetary obligations, it undergoes liquidation.
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https://brainly.com/question/6748763#SPJ4you work for a leading tech company that relies heavily on outsourcing it services at delivery centers located in various parts of the world. unfortunately, there is little standardization in how this outsourcing is implemented and managed, resulting in inefficiencies, duplication of work, responsibility gaps, and confusion. your cio has tasked you with the responsibility of standardizing these it outsourcing processes, which will require strategic change across a diverse, global workforce. cio: this lack of standardization is costing us a lot of money. i understand we have to outsource, but how can we manage those processes consistently across so many cultures and locations? you: clearly, we need to make some systemic changes, which is never easy across such a large organization. the select , as i see it, are to create a local team that travels to various locations to implement changes, or create a global team where members can handle changes locally with proper guidance from the home office.
We manage those processes consistently across so many cultures and locations as I see it, are to create a local team that travels to various locations to implement changes.
But offshoring is a subset of outsourcing in which a agency outsources offerings to a 3rd birthday celebration in a rustic aside from the only wherein the purchaser agency is based, usually to take gain of decrease exertions costs.
While there are numerous approaches leaders can manipulate extrade, a number of the excellent extrude control techniques include planning, transparency and honesty, communication, and worker participation.
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A hiking boot’s profits are declining because new competition has entered the market, but its cost has also declined due to increased volume of production. What stage of the product development life cycle is the hiking boot in?.
A hiking boot’s profits are declining because new competition has entered the market, but its cost has also declined due to increased volume of production that means it is in Maturity stage.
A product? Why do you say that?A product is any good or service you provide to meet a customer's need or desire. Both actual and virtual ones exist. Physical products include both long-lasting items (like furniture, computers, and automobiles) and short-lasting ones (like food and beverages).
Why are product descriptions so important?Product descriptions assist customers in making decisions. They also make your website appear more professional because it would be silly to merely display products and their pricing without giving the customer any information about them.
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when selling the product requires a long selling cycle with a few large sates and considerable time to develop relationships, the compensation system should
When selling the product requires a long selling cycle with a few large sates and considerable time to develop relationships, the compensation system should securing and keeping sales representatives.
What is compensation?
The phrase "compensation" describes something that is provided to a person in exchange for property lost or for injuries sustained on the job. They may be in the form of monetary or intangible remuneration. Employee motivation and productive work are greatly influenced by compensation,
Bonuses, commissions, overtime pay, profit sharing, stock options, and other monetary types of remuneration are examples. Retirement and employment services, health insurance, paid time off, paid holidays, and pension plans are a few examples of non-financial kinds of compensation. Every business requires a pay plan to organise and strategize how they can entice and keep top people while also allowing them to budget effectively.
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how do you become popular
Answer:
Spread the word; advertisements
Explanation:
In order to get popular you need to spread the word about your business, you needadvertisementst,s and sometimes even create your own website. Some website makers include Wix.
describe the way board of directors and officers are held legally accountable for their wrongdoings and to the extent shareholders acting on behalf of the corporation can be potentially harmed in this pursuit; and
Board of Directors and Officers are held legally accountable for their wrongdoings through civil and criminal liability. In some cases, shareholders acting on behalf of the corporation may be able to sue directors and officers for breach of fiduciary duty if they are found to have acted in a manner that was not in the best interests of the corporation.
Shareholders can also demand that directors and officers be removed if they are found to be guilty of malfeasance or fraud. If directors and officers are held liable for their wrongdoings, the shareholders may be able to recoup damages as a result of their losses. However, shareholders may be limited in the extent to which they can seek damages depending on the jurisdiction in which the corporation is based.
What is the role of boards of directors and managers?The role of the board of directors is to act as the ultimate decision-making body for the organization. They are responsible for setting the vision, long-term strategy, and overall direction of the organization.
The role of the manager is to ensure that the organization is meeting its goals and objectives as set by the board of directors. They are responsible for day-to-day operations and managing the staff and resources needed to carry out the board’s directives.
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Would you categorize the marketing area in which frank davis is the marketing director and thomas green is one of the senior market specialists more as a work group or a team?.
Working Group Would you please classify the marketing division where Thomas Green is a senior market specialist and Frank Davis is the marketing director
What exactly does marketing mean?In order to create, communicate, distribute, and exchange offerings that are valuable to customers, clients, partners, & society at large, marketing is the activity, a system of institutions, and a set of procedures.
Which of these 4 marketing types are they?
The four Ps are a "marketing mix" made up of four essential components that are used to promote a good or service: product, pricing, place, and promotion. Typically, companies take into account the four Ps when developing marketing plans and strategies to reach their target audience.
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messer corporation sells recreational vehicles (rv). at the beginning of the year, they had one rv in inventory costing $40,000. they purchased another rv for $42,000. they sold one of the rvs for $57,500. how much is gross profit using the last-in, first-out (lifo) method?
Messer corporation by selling recreational vehicles makes gross profit of $17,500 using the last-in, first-out (lifo) method.
A corporation is a body corporation usually a collection of people or a business that has been authorized by the state to operate as a single entity for a particular purpose. Charters were used to form the first integrated societies.
Most governments now allow the establishment of new companies through registration. Corporations come in many different forms, but are generally classified according to the laws of the country in which they are incorporated based on two factors: whether they can issue shares or whether they are established to make a profit.
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A company, using the periodic inventory system, has merchandise inventory costing $175 on hand at the beginning of the period. During the period, merchandise costing $635 is purchased. At year-end, merchandise inventory costing $160 is on hand. The cost of merchandise sold for the year is
A. $970
B. $650
C. $300
D. $620
The cost of merchandise sold for the year is $650.
what is periodic inventory system?
The stock control system is a method of actually counting the inventory at present intervals in order to value it for the purposes of financial reporting. This method of accounting involves taking inventory at the beginning of each shift, adding new stock items over the course of the period, and deducting ending inventories to determine the cost of the goods sold (COGS).
Under the periodic inventory approach, a company won't be aware of its unit product offerings or COGS until the entire operation is complete. For a business with a tiny proportion of SKUs working in a slow industry, this approach might be appropriate, but for all other businesses, the permanent inventory management system is favored for the following important reasons:
The periodic approach is time-consuming and might result in stale figures that are less relevant to management. The everlasting existing system refreshes the determines the appropriate registry in an industry's database management system, improving processes an instantaneous view of inventory.To learn more about periodic inventory system:
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an employer with many employees must pay a deposit at the beginning of the year usually equal to % of the estimated annual premium for worker's compensation insurance.
An employer with many employees must pay a deposit at the beginning of the year usually equal to 25% of the estimated annual premium for worker's compensation insurance.
A risk management tool is insurance. You buy protection from unanticipated financial losses when you buy insurance. The insurance provider will compensate you or a person of your choosing if something unfavorable occurs.
A financial safety net called insurance helps you and your loved ones recover from a catastrophe like a fire, theft, legal action, or car accident. When you buy insurance, you'll get an insurance policy, which is a legal contract between you and your insurance company.
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what is the portion of a home's purchase price paid in cash and is not part of the mortgage loan? a. principal b. insurance c. taxes d. down payment please select the best answer from the choices provided
Down payment is the portion of a home's purchase price paid in cash and is not part of the mortgage loan.
A mortgage loan, also known as a hypothec loan in civil law jurisdictions, is a loan used by real estate buyers to raise money to purchase real estate or by current property owners to borrow money for any purpose while placing a lien on the real estate being mortgaged.
Through the mortgage origination process, the borrower's property serves as the loan's "secured" party. In the event that the borrower defaults on the loan or otherwise violates its conditions, this implies that a legal process is put in place that enables the lender to take ownership of and sell the secured property to pay off the loan.
Hence the correct option is D.
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question content area employers are required to withhold which of the following taxes from employees? a.federal unemployment tax b.state unemployment tax c.fica tax d.fica tax and state and federal unemployment taxes
The area employers are required to withhold the FICA tax from the employees that is option B is correct.
FICA is referred to as the Federal Insurance Contributions Act and the tax is known as the FICA tax. It includes all the social security and the Medicare taxes that any individual has to pay. FICA taxes are reemitted from the pay of the employees working in any organization by the employer because this tax is paid the employer on the collective basis on behalf of all the employees by the employer to the government. This is the reason why the FICA tax is withholded from the income of the employees as the withholding tax is paid by the employers on behalf of the employees.
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Ron Company has the following commission schedule: Commission rate 2% 3.5% Sales Up to $80,000 Excess of $80,000 to $100,000 More than $100,000 Calculate the gross earning. Gross earning Employee Pat Maninen Total sales 154,000
The answer is $4,340.
Solution:
151000 - 80000 = 71000
71000 - (100000 - 80000) = 51000
Gross earnings = 0.02(80000) + 0.035(20000) + 0.04(51000)
= 2(800) + 35(20) + 4(510)
= 1600 + 700 + 2040
= $4,340
Gross Wage is what an employee earns before taxes, benefits, and other payroll deductions are deducted from their salary. Gross income is everything a person earns in a year, whether as an employee or an investor.
Earned income includes only wages commissions bonuses and business income fewer expenses if the individual is self-employed. Your gross salary is the amount you earned from a particular job before deductions. This usually appears at the top of your payslip before it is deducted from your salary. This is the salary stated in the employment contract. A fixed amount is usually paid monthly to him for a year.
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other than the actors, the director works closely with the point of view of this theatre artist and merges it with his or her own to translate the work into a successful production.
Other than the actors, the director works closely with the point of view of this theatre artist and merges it with his or her own to translate the work into a successful production playwright.
Even the director's paintings is now complete, and the degree manager takes at the duty of turning in a regular display that preserves the director's imaginative and prescient at some point of the production's run. For many productions, this complete technique takes approximately 8-12 weeks, alevin though it is able to be longer for a brand new or complicated production.
Stage directions are notes withinside the script generally written in italics and enclosed in parentheses or brackets. They generally describe wherein and while a scene takes place (setting), how the characters need to say their lines, and the way the characters need to flow onstage.
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A foreign subsidiary of Thun Corporation has one asset (inventory) and no liabilities. The functional currency for this subsidiary is the yuan. The inventory was acquired for 100,000 yuan when the exchange rate was $0.16 = 1 yuan. Consolidated statements are to be produced, and the current exchange rate is $0.12 = 1 yuan. Which of the following statements is true for the consolidated financial statements?
Multiple Choice
A remeasurement gain must be reported.
A positive translation adjustment must be reported.
A negative translation adjustment must be reported.
A remeasurement loss must be reported.
A negative translation adjustment must be reported is true for the consolidated financial statements.
Financial statements are the information of a company's economic situation and sports for the duration of a length of time. Financial statements display the economic overall performance and power of a company. The 3 middle economic statements are the profits statement, stability sheet, and coins float statement.
Financial statements offer a photo of a corporation's economic health, giving perception into its overall performance, operations, and coins float. Financial statements are important considering they offer statistics approximately a company's revenue, expenses, profitability, and debt. Financial statements are written information that bring the commercial enterprise sports and the economic overall performance of a company.
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which of the following comments is (are) true regarding the assessment of risk associated with two projects that are competing for limited internal audit resources? industry knowledge should be used to identify the project with the higher priority. activities with higher financial budgets always should be considered higher risk than those with lower financial budgets. activities that are requested by the board always should be considered higher risk than those requested by management. senior management’s evaluations of the risk associated with each project must be considered.
Risk always should be measured by the potential monetary or other adverse exposure to the organization is true regarding the assessment of risk associated with two projects that are competing for limited internal audit resources.
An audit is an independent examination of the financial information of any entity, whether for profit or not, regardless of its size or legal form, when such examination is carried out with the objective of purpose of expressing an opinion on the matter.
The audit also attempts to ensure that the accounting records are properly maintained by the company, as required by law. The auditors examine the proposals presented to them, gather evidence, and evaluate the recommendations in their audit report. Auditing provides third-party assurance to various stakeholders that the subject matter is free of material misstatement. The term is often applied to audits of financial information relating to a legal entity.
Hence the correct option is C
The above question is incorrect, the correct question is-
Which of the following comments is(are) true regarding the assessment of risk associated with two projects that are competing for limited internal audit resources?
a. Activities that are requested by the board always should be considered higher risk than those requested by management.
b. Activities with higher financial budgets always should be considered higher risk than those with lower financial budgets.
c. Risk always should be measured by the potential monetary or other adverse exposure to the organization.
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A consumer buys good A and B. According to the substitution effect, when the price of good B decreases, the marginal utility per dollar for good ___ increases so the consumer wants to spend more of his/her budget on good __.
Assume that good X and good Y have the same MU/P ratio of 12 section ( section per dollar. A consumer who wants to keep consumer equilibrium will purchase more of good Y until good X's price drops to $1 from $2.
Who is the consumer?Consumer is a noun that can be pronounced as one who consumes. a plant or animal that needs complex organic components for food, which it acquires by preying on some other living things or devouring particles of organic matter, especially: a buyer and consumer.
How should consumers behave?The products that consumers buy must be of high quality and bear quality marks from organizations like Agmark, Cci, Hallmark, etc. Customers ought to always
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Which one of the following is true?1. Under US tax law, all company interest payments are taxable to the company2. Under international tax law, all company interest payments are taxable to the company3. Under US tax law, a corporation's interest payments are tax-deductible4. Under international tax law, all company interest payments are tax-deductible
The legal guidelines and processes governing tax laws determine how the federal, state, and municipal governments determine . It is accurate to say company's interest costs are tax deductible under US tax law.
Explain what taxes are.Taxes are compulsory payments made by a government organization, either local, regional, or federal, to people or businesses. Tax revenues are used to fund a variety of government initiatives, such as Medicare and Social Security as well as public infrastructure and services like roads and schools.
How come we pay taxes?The government uses taxes to fund a variety of welfare programs, including job initiatives. The government is responsible for covering the administrative expenses for the different departments' thousands of employees.
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northwest fur company started 2024 with $94,000 of inventory on hand. during 2024, $400,000 in inventory was purchased on account with credit terms of 1/15, n/45. all discounts were taken. purchases were all made f.o.b. shipping point. northwest paid freight charges of $7,500. inventory with an invoice amount of $5,000 was returned for credit. cost of goods sold for the year was $380,000. northwest uses a perpetual inventory system.
The ending inventory of northwest fur, assuming its uses the gross method to record purchases equals to $167,996.
What is an Inventory?An inventory means the goods that a business holds for the ultimate resale, product, or utilization.
We are going to calculate Cost of goods sold: The formula is: "Opening Inventory + Purchases - Purchase return - discount availed on purchases + freight paid- Ending inventory"
The discount to be availed on purchases:
= (Purchases- purchase Return) x discount rate
= (430000 - 4900) x 4%
= $17004
So, the cost of goods sold:
= Opening Inventory + Purchases - Purchase return - discount availed on purchases + freight paid- Ending inventory
361000 = 112000 + 430000 + 8900 - 17004 - 4900 - Ending inventory
361000 = 528996 - Ending inventory
Ending inventory = 528996 - 361000
Ending inventory = $167,996
Missing words "what is ending inventory assuming northwest uses the gross method to record purchases?"
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cantrell company is required by law to collect and send sales taxes to the state. if cantrell has $10,500 of cash sales that are subject to an 8% sales tax, what is the journal entry to record the cash sales?
When Cantrell company has $10,500 of cash sales that are subject to an 8% sales tax, then the journal entry will affect a debit to the cash accounts for an amount of $10,500 and a credit to the sales tax at 8 percent of the sales.
A journal entry is an entry that ensures chronological, true and correct maintenance of accounting transaction within an accounting firm for a particular accounting period. The journal entry for the above transaction will be as below,
1. Cash Ac. Dr. 10,500
To Sales Tax Ac. 840
To, Sales Ac. 9660
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(figure: market for luxury suvs) which of the following graphs shows what will happen to the supply curve for luxury suvs, if economists predict an increase in demand for these vehicles?
The following graphs show what will happen to the supply curve for luxury SUVs if economists predict an increase in demand for this vehicle graph (D) This is in accordance with the law of supply.
In economics, demand is the quantity of an awesome that purchasers are inclined to and capable of buying at various costs at some point in a given time. the relationship between charge and quantity demand is also referred to as the demand curve.
Demand refers to the purchaser's desire and willingness to buy a service or product at a given duration or through the years. consumers must also have the potential to pay for something they want or want as decided through their disposable income finances.
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businesses engage in environmental protection activities to show their responsibility to their general public stakeholders. group of answer choices false true
True, companies take part in environmental preservation initiatives to demonstrate their accountability to the public and other stakeholders.
Stakeholder: What does that mean?an individual or group of individuals who possess stock in a company. an individual with obligations to and an interest in the success of an organization, society, or other entity, such as a worker, client, or citizen.
Stakeholders in a corporation are who?The company's stakeholders include investors and employees. All individuals or organizations with a stake in the success of the company are considered stakeholders.
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crane company manufactures toasters. for the first 8 months of 2022, the company reported the following operating results while operating at 75% of plant capacity:
Sales (364,000 units) $4,371,000 Cost of goods sold 2,589,600 Gross profit 1,781,400 Operating expenses 841,750 Net income $939,650 Cost of goods sold was 70% variable and 30% fixed; operating expenses were 80% variable and 20% fixed.
In September, Crane receives a special order for 18,600 toasters at $7.95 each from Luna Company of Ciudad Juarez. Acceptance of the order would result in an additional $3,000 of shipping costs but no increase in fixed costs.
(a) Prepare an incremental analysis for the special order. (Round computations for per unit cost to 2 decimal places, e.g. 15.25 and all other computations and final answers to the nearest whole dollar, e.g. 5,725. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
RejectOrder Accept Order Net Income Increase (Decrease) Revenues $enter a dollar amount $enter a dollar amount $enter a dollar amount Cost of goods sold enter a dollar amount enter a dollar amount enter a dollar amount Operating expenses enter a dollar amount enter a dollar amount enter a dollar amount Net income $enter a total dollar amount $enter a total dollar amount $enter a total dollar amount
(b) Should Crane accept the special order?
Crane Company select an option should rejectshould accept the special order.
A tool for making decisions, incremental analysis compares the cost and revenue differences of two or more options to determine which one is best.
Details Reject order (A) Accept order (B) Increase or decrease in net income (C = A + B) Revenues 0 175,392 175,392 Cost of goods sold 0 -116,640 -116,640.
How Does Incremental Analysis Work?
In business, incremental analysis is a method for determining the true cost difference between alternatives.The incremental analysis, also known as the relevant cost approach, marginal analysis, or differential analysis, does not take into account any sunk costs or costs that have already been paid.
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Creating compelling visuals for presentations requires people to learn what new tools?.
Visuals include a variety of communication tools such as flip charts, overhead transparencies, slides, and videos.
Although not always required, Powerpoint slide presentations are often the most popular. Develop effective visuals, and keep them uncomplicated. Your slides should complement your verbal message and not distract you with unnecessary visual clutter. Details should be displayed in clear, bright, slightly contrasting colors. Use no more than three colors per image. Do not use background color shades for titles and details. Avoid commercial recommendations.
Visual presentations teach, entertain, inform, and persuade. There are several types, including demonstrations, illustrated lectures, and team presentations. A demonstration is a way of teaching others how to do or create something. During the demonstration, the moderator will walk you through each step of the process.
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You would want your financial planner to provide you with an investment policy statement that details your investment philosophy, your financial situation, and the risks you are willing to take, as well as what the advisor will do for you. TRUE
FALSE
The statement 'You would want your financial planner to provide you with an investment policy statement that details your investment philosophy, your financial situation, and the risks you are willing to take, as well as what the advisor will do for you' is true.
In the field of business, a financial planner can be described as a financial advisor who provides deep insight into the finances of a person and guides the client based on his revenue.
A client expects that a financial planner will develop an investment policy statement that will help to understand the investments that will be valuable.
A financial planner also assesses the risks that a client wants to take with business and whether they will be valuable or not.
A financial planner also gives a detailed view of how he will help the client with finances.
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when using email marketing, what is the ideal weekly email frequency for marketing and communicating with clients?
Emails are sent twice a month for marketing and client communication, and subsequently on up to weekly.
Which sending frequency is most favored by recipients overall?Keep in mind that receiving too many emails is the main cause of consumer unsubscription. It's good for most firms to send 1-2 emails every week. If you are just starting off, this baseline is particularly useful.
When should email marketing be sent out?The optimum time of day to send marketing emails can be in the morning: Many industries have high open rates at 10am. The afternoon, however, can also produce successful outcomes.
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the emergence of the subprime mortgage market following the recession of 2001 made it increasingly difficult for low-income individuals to obtain a mortgage. a. true b. false
The emergence of the subprime mortgage market following the recession of 2001 made it increasingly difficult for low-income individuals to obtain a mortgage. b. false
A subprime mortgage is typically given out to applicants with bad credit. Because the lender believes the borrower has a higher-than-average chance of defaulting on the loan, a prime conventional mortgage is not given.
To make up for taking on additional risk, lending institutions frequently charge interest rates on subprime mortgages that are significantly higher than those on prime mortgages. These mortgages are frequently ARMs, meaning that the interest rate has the ability to rise at particular intervals.
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in the management in action case, it was mentioned that fluctuating oil prices significantly impacted shale oil companies' income statements and balance sheets. which balanced scorecard perspective are these statements related to?
The activities and financial success of a firm are detailed in financial statements.
What are the three financial statements?The income statement, balance sheet, and statement of cash flows are financial statements that must be submitted. Traders can use these three statements as learning resources to evaluate a company's financial standing and swiftly ascertain its underlying value.
Three categories of finance exist: personal, business, and public/government.
What function do financial statements fulfill?Thanks to the financial statements that provide details about a company's operations, performance, and cash flow, its financial health may be viewed at a glance. Financial statements are essential since they provide information on a company's earnings, costs, profitability, and debt.
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a partnership agreement provides that, at sale, cash proceeds are distributed first to mr. smith in an amount equal to his original investment less any cash distributions previously received, then split 50-50 between mr. smith and ms. jones. assume that the cash flows from sale are $1 million. how much would mr. smith receive if his initial investment was $400,000 and he previously received $25,000 in distributions?
Mr. Smith would receive $425,000 if his initial investment was $400,000 and he previously received $25,000 in the distributions.
What is an investment?Investment is the commitment of money toward the purchase of a good with the expectation that its value will increase over time. To invest, one must give up a current resource, such as time, money, or effort. Profiting from the asset being financed is the aim of financial investment. The return could also include currency gains or losses brought on by changes in foreign exchange rates. Investors can typically expect higher returns on riskier investments. When making a low-risk investment, the return is typically modest. High risk has a similar probability of occurrence as high losses. For investors, especially novices, diversifying one's portfolio is frequently advised. Diversification reduces overall risk, according to statistics.
Total recieved= 400000+25000=425000.
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