According to the Catholic church tradition, known as the doctrine of , Jesus had given the keys to the kingdom of heaven to Peter, who was considered the chief apostle and the first bishop of Rome. Subsequent bishops of Rome were considered Peter’s successors and later the “vicars of Christ” on earth. Though this exalted view of the bishops of Rome was by no means accepted by all early Christians, Rome’s position as the traditional capital of the Roman Empire served to buttress this claim.
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Chapter 7 discuses how the Roman emperor engaged in ext…
Chapter 7 discuses how the Roman emperor engaged in extensive building programs. Between 324 and 330 a.d., he carried out his biggest project, the construction of a new capital city in the east, on the site of the Greek city of Byzantium, on the shores of the Bosporus. This city, (modern Istanbul), was developed for defensive reasons.
The had an impact on Roman civilization in numerous w…
The had an impact on Roman civilization in numerous ways, both large and small. The Romans adopted clothing like the toga and short cloak. The insignia of the kings became the insignia of Roman magistrates.
Born in North Africa, St. Augustine was reared by his mother…
Born in North Africa, St. Augustine was reared by his mother, an ardent Christian. He eventually became a professor of rhetoric at Milan in 384. But two years later, after experiencing a profound and moving religious experience, Augustine gave up his teaching position and went back to North Africa, where he served as bishop of Hippo from 396 until his death in 430. His two most famous books were and .
Given the following information, calculate the cash-on-cash…
Given the following information, calculate the cash-on-cash return (i.e., equity dividend rate) for this investment: First-year NOI: $18,750 Before-tax cash flow: $11,440 Acquisition price: $520,000 Equity Investment: 20%
When lenders charge discount points (prepaid interest) on a…
When lenders charge discount points (prepaid interest) on a loan, what impact does this have on the loan’s yield?
Federal and state laws prohibit discrimination in housing. H…
Federal and state laws prohibit discrimination in housing. However, exemptions do exist depending on the particular type of property that is being considered. All of the following activities could be considered exempt in specific scenarios EXCEPT:
You are considering purchasing a small office building for $…
You are considering purchasing a small office building for $2,500,000. You expect the potential gross income (PGI) in the first year of rental operations to be $450,000; vacancy and collection losses to be 9 percent of PGI; and the sum of operating expenses and capital expenditures to be 42 percent of effective gross income (EGI). What is the implied first year overall capitalization rate?
Suppose that you just sold a property that has annual proper…
Suppose that you just sold a property that has annual property taxes of $2,427.22. If the closing occurred on March 13th, calculate your share (Seller’s share) of the total property taxes. For this problem, assume that we are dealing with a 365-day calendar year.
The person with aplastic anemia is said to have ____________…
The person with aplastic anemia is said to have _________________ because all three major blood elements (RBCs, WBCs, and platelets) are diminished or absent.