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Fresh Grad Lands Job as Real Estate Agent With Help from Professional Writers

People go to websites to get the information they desperately need.  They could be looking for an answer to a nagging question.  They might be looking for help in completing an important task.  For recent graduates, they might be looking for ways on how to prepare a comprehensive resume that can capture the attention of the hiring manager

Manush is a recent graduate from a prestigious university in California who is looking for a job opportunity as a real estate agent.  While he already has samples provided by his friends, he still feels something lacking in his resume.  Specifically, the he believes that his professional objective statement lacks focus and clarity. 

Thus, he sought our assistance in improving editing and proofreading his resume. 

In revising his resume, iwritegigs highlighted his soft skills such as his communication skills, ability to negotiate, patience and tactfulness.  In the professional experience part, our team added some skills that are aligned with the position he is applying for.

When he was chosen for the real estate agent position, he sent us this thank you note:

“Kudos to the team for a job well done.  I am sincerely appreciative of the time and effort you gave on my resume.  You did not only help me land the job I had always been dreaming of but you also made me realize how important adding those specific keywords to my resume!  Cheers!

Manush’s story shows the importance of using powerful keywords to his resume in landing the job he wanted.

Chapter 1 Application Exam Part 2

Navigation   » List of Schools  »  Glendale Community College  »  Economics  »  Econ 101 – Microeconomics  »  Summer 2021  »  Chapter 1 Application Exam Part 2

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Below are the questions for the exam with the choices of answers:

Question #1
What do you think is causing the Economic Net Benefit(Car Loan) to be negative?
A  The difference between the Accounting Net Benefit(No Car Loan) and the MB(Car Loan).
B  None of the available answers
C  The percentage point difference (spread) between the interest paid rate in the bank account and the car loan interest rate
D  The difference between the Accounting Net Benefit(Car Loan) and the MB(Car Loan).
Question #2
Multiply the percentage point difference (spread) times the cost of the car. What figure do you get?
A  (Spread) x (Cost of the car)= -.02 x $20,000 = -$400
B  (Spread) x (Cost of the car)= .05 x $20,000 = $1,000
C  (Spread) x (Cost of the car)= -.03 x $20,000 = -$600
D  (Spread) x (Cost of the car)= .06 x $20,000 = $1,200
Question #3
What is the percentage point difference (spread) between the interest paid rate in the bank account and the car loan interest rate?
Note:
Spread= (interest rate paid in the bank account) – (car loan interest rate)
A  Spread= 6%-4%= 2%
B  Spread= 5%-4%= 1%
C  Spread= 2%-4%= -2%
D  Spread= 1%-4%= -3%
Question #4
Which scenario should Joann choose? Why?
A  None of the available answers
B  She should choose the car loan scenario. This is because the Economic Net Benefit(Car Loan)= $600, which means that she will gain an additional $600 if she takes out a car loan versus paying the car off.
C  She should do neither because it is always better to save instead of consuming items.
D  She should choose the no car loan scenario. This is because the Economic Net Benefit(No Car Loan)= $600, which means that she will gain an additional $600 if she pays the car off versus taking out a car loan.
Question #5
What is the amount of economic profit?
A  -$600
B  $600
C  $1,200
D  $2,400
Question #6
Which scenario has a positive economic profit?
A  None of the available answers
B  The car loan scenario
C  The car loan scenario has a positive economic profit, but the no car loan scenario has a negative economic profit
D  The no car loan scenario
Question #7
If Joann decides to go with the “Car Loan” scenario and takes out a car loan, what is the opportunity cost? (Name it and provide the amount)
A  Economic Net Benefit(No Car Loan) = $600
B  Accounting Net Benefit( No Car Loan) = $2,000
C  Accounting Net Benefit(Car Loan) = $1,400
D  Economic Net Benefit(Car Loan) = -$600
Question #8
If Joann decides to go with the “No Car Loan” scenario and pays the car off, what is the opportunity cost? (Name it and provide the amount)
A  Economic Net Benefit(No Car Loan) = $600
B  Economic Net Benefit(Car Loan) = -$600
C  Accounting Net Benefit( No Car Loan) = $2,000
D  Accounting Net Benefit(Car Loan) = $1,400
Question #9
Which scenario has a positive accounting net benefit?
A  None of the available answers
B  The car loan scenario has a negative accounting net benefit, while the no car loan scenario has a positive accounting net benefit
C  Both scenarios have a positive accounting net benefit
D  The no car loan scenario has a negative accounting net benefit, while the car loan scenario has a positive accounting net benefit
Question #10
Suppose that we now want to analyze the scenario where Joann does not pay the car off and takes out a car loan. We are provided the following information:

Economic Net Benefit(Car Loan) = Accounting Net Benefit(Car Loan) – Accounting Net Benefit(No Car Loan)

Question: What is the Economic Net Benefit(Car Loan) ?

A  Economic Net Benefit(Car Loan) = $2,600-$2,000= $600
B  Economic Net Benefit(Car Loan) = $1,400-$2,000= -$600
C  Economic Net Benefit(Car Loan) = $2,000-$2,000= $0
D    
E  Economic Net Benefit(Car Loan) = $1,400-$2,800= -$1,400
Question #11
Suppose that we now want to analyze the scenario where Joann pays the car off and has no car loan. We are provided the following information:
Economic Net Benefit(No Car Loan) = Accounting Net Benefit(No Car Loan) – Accounting Net Benefit(Car Loan) = ?

Question: What is the Economic Net Benefit(No Car Loan) ?

A  Economic Net Benefit(No Car Loan) = $2,000- $1,400=$600
B  Economic Net Benefit(No Car Loan) = $1,400-$2,000= -$600
C  Economic Net Benefit(No Car Loan) = $2,080-$2,000= $80
D  Economic Net Benefit(No Car Loan) = $1,400-$2,200= -$800
Question #12
Suppose that we are again analyzing the scenario where Joann does not pay the car off and and takes out a car loan. The following information is provided:
Accounting Net Benefit(Car Loan) = MB(Car Loan) – MC(Car Loan) = ?

Question: What is the Accounting Net Benefit(Car Loan) ?

A  Accounting Net Benefit(Car Loan) = $20,800-$20,800= $0
B  Accounting Net Benefit(Car Loan) = $20,800-$22,000= -$1,200
C  Accounting Net Benefit(Car Loan) = $22,200-$20,800= $1,400
D  Accounting Net Benefit(Car Loan) = $22,200-$22,200= $0
Question #13
Suppose that we are now analyzing the scenario where Joann does not pay the car off and she takes a car loan out, and we need to ascertain the MB and MC associated with the car loan scenario. The following information is provided:
MB( Car Loan) = (What Joann is willing to pay up to for the car) + (Amount Joann earned in her bank account) = ?

MC(Car Loan) = (Cost of the car) + (Car loan interest paid over the year) = ?

Questions: What is the MB(Car Loan) and MC(Car Loan) ?

A  MB(Car Loan) = $20,800; MC(Car Loan) = $20,800
B  MB(Car Loan) = $22,200; MC(Car Loan) = $20,800
C  MB(Car Loan) = $20,800; MC(Car Loan) = $22,200
D  MB(Car Loan) = $22,800; MC(Car Loan) = $20,800
Question #14
Suppose that we are again analyzing the scenario where Joann pays the car off and has no car loan. The following information is provided:
Accounting Net Benefit(No Car Loan) = MB(No Car Loan) – MC(No Car Loan) = ?

Question: What is the Accounting Net Benefit(No Car Loan) ?

A  Accounting Net Benefit(No Car Loan) = $20,800- $20,000= $800
B  Accounting Net Benefit(No Car Loan) = $22,000- $20,000= $2,000
C  Accounting Net Benefit(No Car Loan) = $22,000- $20,800= $1,200
D  Accounting Net Benefit(No Car Loan) = $20,000- $20,000= $0
Question #15
Suppose that we are analyzing the scenario where Joann pays the car off and has no car loan, and we need to ascertain the MB and MC associated with the no car loan scenario. The following information is provided:
MB(No Car Loan) = (What Joann is willing to pay up to for the car) = ?

MC(No Car Loan) = (Cost of the car) = ?

Questions: What is the MB(No Car Loan) and MC(No Car Loan) ?

A  None of the available answers
B  MB(No Car Loan) = $20,800; MC(No Car Loan) = $20,800
C  MB(No Car Loan) = $22,000; MC(No Car Loan) = $20,000
D  MB(No Car Loan) = $20,800; MC(No Car Loan) = $22,000
E  MB(No Car Loan) = $20,000; MC(No Car Loan) = $20,000
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“Kudos to the team for a job well done.  I am sincerely appreciative of the time and effort you gave on my resume.  You did not only help me land the job I had always been dreaming of but you also made me realize how important adding those specific keywords to my resume!  Cheers!

Manush
Fresh Graduate
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