Patrickkaylian

What are some signs of improper attic venting systems? - ️️- Snow melting unevenly in the winter - Curled or cracked shingles - Mould or mildew inside the attic - Rusy nails - Insulation that is wet or compressed List the most common residential roof finishing materials. - ️️- Asphalt shingles - Metal - Wood shingles and shakes - Slate (a premium roofing material but can be easily damaged and they're heavy so the support system must be reinforced - have a utility period of 6...

What is an 'Implied Agreement'? - Answer-An agreement created by the words and actions of one party, which leads the other party to believe there is an agency relationship when no formal acknowledgement of the relationship exists. What are the 3 recognized forms of 'Agreement'? - Answer-Written, verbal & implied Under common law (not REBBA), what are the 3 ways an agreement can be formed? - Answer-- By ratification - By estoppel - By operation of law Define an agency relation...

What Act sets out requirements for the establishment of survey items (i.e. lines, boundaries & corners)? - ️️The Surveys Act According to The Association of Ontario Land Surveyors, what are the 4 components of a survey? - ️️- Research (info available re: legal description, easements, etc.) - Measurement - Monumentation (physical markers/posts located at regular intervals around the property boundary) - Plan and/or Report Surveyors in Ontario are subject to what Acts? - ️️- Th...

A borrower on an adjustable rate product must be notified of the first rate change within___. A. 25 days of the B. 30 days of the change C. One calendar month D. No notice required - ️️A A borrower's appraised value is $750,000. What is the required title insurance amount? A. $750,000 B. $525,000 C. $625,500 D. Not enough information to answer the question - ️️A Mr. Butcavage lost his mortgage statement. Who should he call to find out what his mortgage balance? A. His mor...

n 2015 the Birch Company had gross income of $163,000, a bad debt deduction of $5000, and other allowable deductions of $58500. Birch uses the accrual method of accounting and the specific charge-off method for bad debts. In 2016, Birch recovered $1600 of the bad debt that had been deducted in 2015. What portion of the bad debt recovery should be included in Birch's income for 2016? A. $0 B. $1600 C. $3400 D. $5000 - ️️B In 2016 Charlie purchased a lease on an office building for...

How do calculate the deduction for self-employment health insurance? - ️️Income -50% deduction for self-employment taxes -any retirement contributions to SEP-IRA, SIMPLE-IRA or Keogh plan =Allowable deduction for health insurance expenses You cannot claim this deduction if you are reporting a loss but you can itemize the expenses on Schedule A (limited by 7.5% AGI) How do you calculate the amount a self-employed person is allowed to deduct for health insurance? - ️️SE income - 50%...

An organization must meet the standard of care that it owes to others in order to ensure that Select one: A. Legal obligations are satisfied. B. Operations are efficient. C. Contracts are not breached. D. Post-loss goals are in place. - Answer-A. Legal obligations are satisfied. An organization's responsibility to its stakeholders and society to consider the consequences of its actions on all stakeholders and to protect the welfare of society overall - Answer-Social Responsibility a...

Which one of the following statements is true regarding the basic measures that apply to risk management? - Answer-consequences measure the degree to which an occurrence could positively or negatively affect an organization A relationship between variables. - Answer-correlation A risk that affects only some individuals, businesses, or small groups. - Answerdiversifiable risk A system or process that an organization uses to achieve its operational goals, internal and external financial repo...

Attitudes, policies, and practices that are destructive to other cultures and their members are examples of lack of cultural _______. A) blindness B)competence C) destructiveness D) incapacity - Answer-B)competence The concept of informed consent requires that before agreeing to accept treatment, clients should know their rights and obligations, therapeutic goals, fees for services, and__________. A) availability of referral services B) community resources to be used C) with whom they...

AUDIT - Answer-The Alcohol Use Disorders Identification Test (AUDIT) can detect alcohol problems experienced in the last year. A score of 8+ on the AUDIT generally indicates harmful or hazardous drinking. Questions 1-8 = 0, 1, 2, 3, or 4 points. Questions 9 and 10 are scored 0, 2, or 4 only. CAGE - Answer-The CAGE can identify alcohol problems over the lifetime. Two positive responses are considered a positive test and indicate further assessment is warranted. Common side effects of SSRIs ...