Answer:
Redlining
Explanation:
Redlining stems from discrimination that consists denial of services, maybe financial based on the group one may fall under such as race, ethnicity or location. The Holden act(1977) is a real estate act of California meant to protect individuals from discriminations such as ones that involve denial of mortgage loan on the basis of something other than the credit worthiness of the individual . These discriminations could take the form of mortgage loan and, insurance loan denials or other financial services based on creditworthiness history of the group the person may fall under and not necessarily the individual's qualifications on his own
A company issues $1,500,000 of par bonds at 98 on January 1, year 1, with a maturity date of December 31, year 30. Bond issue costs are $90,000, and the stated interest rate of the bonds is 6%. Interest is paid semiannually on January 1 and July 1. Ten years after the issue date, the entire issue was called at 102 and canceled. The company uses the straight-line method of amortization for bond discounts and issue costs, and the result of this method is not materially different from the effective interest method. The company should classify what amount as the loss on extinguishment of debt at the time the bonds are called
Answer:
$110,000 loss
Explanation:
Given the following :
Par value = $1,500,000 at 98
Maturity = 30 years
Interest rate = 6% paid semianually
Ten years after issue date, entire issue was called at 102 and canceled
Issue price of bond = (1500000 * 98%) = $1,470,000
Discount on issue = $1,500,000 - 1,470,000 = $30,000
After 10 years when bond was canceled :
Discount balance ;
($30,000 / maturity) * (maturity - 10)
($30,000/30)* 20 =1000 * 20 = $20,000
Issuing cost balance:
($90,000/30)*20 = 3000 * 20 = $60,000
Therefore, upon cancelation :
Carrying amount of bond
$(1500000 - 20000 - 60000) = $1,420,000
Reacquisition price :
($1,500,000 * 102%) = $1,530,000
Loss or gain :
$1,530,000 - $1,420,000 = $110,000 (loss)
XYZ assigns $6,000,000 of its accounts receivables as collateral for a $2 million 8% loan with a bank. Sun Inc. also pays a finance fee of 1% on the transaction upfront. What would be recorded as a gain (loss) on the transfer of receivables
Answer:
$0
Explanation:
Data provided in the question
Account receivable assigned = $6,000,000
For Collateral = $2 million
Percentage = 8%
Finance fee = 1%
Based on the above information, the amount of gain or loss that should be recorded at the time of transfer of receivable is zero as the account receivable is used for a collateral purpose ,not for sale purpose
Therefore, the $0 should be recorded
If a stock is correctly priced, then you know that ____________. A. the dividend payout ratio is optimal B. the stock's required return is equal to the growth rate in earnings and dividends C. the sum of the stock's expected capital gain and dividend yield is equal to the stock's required rate of return D. the present value of growth opportunities is equal to the value of assets in place
Answer: the sum of the stock's expected capital gain and dividend yield is equal to the stock's required rate of return
Explanation:
Stock are the investment that are made by individuals or firms into a public company.
When a stock is correctly priced, it means that the sum of the stock's expected capital gain and dividend yield is equal to the stock's required rate of return
Harlose Suits faced a lot of complaints from customers when its recent batch of goods was dispatched. The employees at Harlose Suits, hence, had to rework on the returned items, and in some cases, the company had to even replace the faulty goods. In this case, the costs incurred by Harlose Suits are an example of _____.
Answer:
External failure costs.
Explanation:
These are explained to be the faults or defects a customer finds out or see after receiving his good and leaves the factory or finds out when goods or services has been delivered to him/her.
This can be either internal or external. When seen to be an internal aspect of the failure, costs result from identification of defects before they are shipped to customers. Some of these could include rejected products, reworking of defective units, scrap and also downtime caused by quality problem. It is said that a firms appraisal activities creates chances greater than the chance of catching defects internally and the greater the level of internal failure costs. This is the price that is paid to avoid incurring external failure costs, which can be devastating.
Answer: im trying to get points
1 2 3 4 5 6 7 8 9
Maroji is a major exporter of dairy products. Mipon is a major exporter of heavy machinery but also has a sizeable domestic dairy industry. Since it imports a sizeable amount of heavy machinery from Mipon, Maroji, at the request of Mipon, limited the amount of dairy products it exports to Mipon each year. This is an example of
Answer:
voluntary export restraint
Explanation:
Based on the scenario being described, this is an example of a voluntary export restraint or VER for short. This term refers to a trade restriction on the quantity of a specific good that the exporting country is allowed to export to other countries and is usually a self-imposed limit. Such restrictions are usually implemented in order to seek protection from competing imports from particular countries and prevent trade barriers.
A business client is looking for ways to decrease its monthly premiums. To get down to the premium level sought after by the company, the agent realizes they have to go to a high deductible health plan. As part of your advice to the business, what should you include in your discussion?
Answer:
"Health savings accounts (HAS)" is the appropriate answer.
Explanation:
HAS should be used with values that are generally insurance coverage. With either an HSA, extra cash can be placed into another consideration that has been protected mostly on the purchase price, and afterward investments can also be used for predefined hospital expenses.Since the investments throughout the HSA consideration could also be used for healthcare facilities, respondents frequently use them instead of unprotected methodologies including certain chiropractic appointments and perhaps certain health-related facilities not encompassed by their insurers.accountant for Huckleberry... The accountant for Huckleberry Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year $ 160,000 Cash dividends declared for the year 49,600 Net income for the year 96,500 What is the ending balance for retained earnings
Answer:
$206,900
Explanation:
According to the given situation, the computation of ending balance for retained earnings is shown below:-
Ending retained earnings = Beginning retained earnings + Net income - Cash dividends
= $160,000 + $96,500 - $49,600)
= $206,900
Therefore for computing the ending retained earnings we simply applied the above formula.
A________ is a plan in which an individual balances available resources and expenses.
Answer:
Budget
Explanation:
You're sorting out your investments and spending habits. Often sorting out all of your needs to fit in a well balanced budget
Todd is the owner of TodVac, a producer of high performance commercial vacuum cleaners based in Texas. Todd knows that some companies use technology that has been proven over the years to efficiently create components very similar to the components in his vacuums. Unfortunately, Todd has never seen this technology and does not have a clue how it works. How should Todd go about learning how to improve his production with time-tested technology?
Answer:
The internet is good place to learn
Explanation:
From an economic perspective, Todd stands to spend less if he decides to carry out an extensive research on the internet.
Vacuum cleaners are more than ever before been refunished with modern technology.
With simply a tap of a button on Google, Todd can look the various technologies used by or companies that has been proven over the years to efficiently create components very similar to the components in his vacuums.
A bagel company bakes a specialty bagel that it sells by the dozen every day. These specialty bagels can only be baked early in the morning before the store opens for business. The company estimates that the daily demand (in dozens) for its specialty bagel is distributed as follows: Specialty bagels arc sold by the dozen only at a cost of $9.00 per dozen. The cost to make one bagel is $0.50. Leftover specialty bagels arc sold by the dozen the next day for a 50% discount. The optimal number of specialty bagels that should be baked tomorrow (in dozens) is:________ a) 5 dozen. b) 4 dozen. c) 3 dozen. d) 2 dozen.
Answer:
b) 4 dozen
Explanation:
The computation of the optimal number of specially bagels i.e expected value is shown below:
As we know that
Expected value = Demand × probability
= 1 dozens × 0.10 + 2 dozens × 0.15 + 3 dozens × 0.20 + 4 dozens × 0.25 + 5 dozens × 0.30
= 0.1 + 0.3 + 0.6 + 1 + 1.5
= 3.5 dozen or 4 dozen
Hence, the correct option is b.
Jamie was participating in a market research study regarding computers when he was presented with 24 different computers that varied on four criteria. He was asked to rank all 24 descriptions in terms of his preference for those combinations of features. Which approach to assess the relative importance Jamie places on evaluative criteria was this research using?
Answer:
conjoint analysis
Explanation:
In the market research study being described, they were using conjoint analysis. This is a statistical technique that helps determine how potential customers value different attributes such as a specific feature, function, or benefit that makes up an individual product or service. In this particular scenario, Jamie was asked to rank the different computers based on each ones unique/different criteria or features.
Ashley bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $350 more than the desktop. She paid for the computers using two different financing plans. For the desktop the interest rate was 7% per year, and for the laptop it was 6% per year. The total finance charges for one year were $398. How much did each computer cost before finance charges
Answer:
Laptop = $3250
Desktop = $2900
Explanation:
Total finance charge = $398
Laptop cost = 350 + x
Desktop = X
Workings
Finance cost = (7% *X ) + (6% * 350+x ) = 398
0,07 X + 0.06 X + 21 = 398
0.13 X + 21 = 398
0.13 X = 398 -21
0.13 X = 377
Therefore ,X = 377/0.13
=2900
Cost of Desktop = 2900
Cost of Laptop =2900+350 =3,250
Is a Truck driving on the highway is one of the sixteen careers taught in Texas. Yes or No
When there is an economic downturn, Congress and the President use fiscal policyLOADING... to stabilize real GDP. But the conduct of the fiscal policy involves several time lags, such as the recognition time lag that causes a delay in identification of the economic problem, the action time lag that is caused by the delay in Congressional approval of the policy, and the effect time lag that arises because policy actions take time to exert their full effects on the economy. These time lags could actually cause discretionary fiscal policy to
Answer:
The correct approach will be "Destabilize real GDP". The further explanation is given below.
Explanation:
Destroy gross Domestic Product (GDP) because by the moment an intervention starts having its consequences.The population could already rebound as well as the economic development can drive up gross Domestic product faster than expected, constantly making GDP somewhat sustainable as either a result.You've just won the lottery! Your winnings will be paid as a monthly annuity of $1,000 per month for 50 years. Assume an interest rate of 10 percent compounded monthly. (Do not round intermediate calculations. Round your final answer two decimal places.) What is the present value of your winnings if the first payment starts today
Answer:
$119,220.57
Explanation:
in order to calculate the present value of your lottery winnings, we can use the present value annuity factor:
present value = monthly payment x annuity factor (PV annuity factor, ¹⁰/₁₂%, 600 periods)
monthly payment = $1,000annuity factor = 119.22057present value = $1,000 x 119.22057 = $119,220.57
A company purchased equipment and signed a 4-year installment loan at 10% annual interest. The annual payments equal $10,600. The present value of an annuity factor for 4 years at 10% is 3.1699. The present value of a single sum factor for 4 years at 10% is .6830. The present value of the loan is:
Answer:
$33,600.94
Explanation:
the present value of the loan = annuity payment x annuity factor = $10,600 x 3.1699 = $33,600.94
we can check that this amount is correct by:
first payment = $10,600 - ($33,600.94 x 10%) = $7,239.91
principal balance after first payment = $33,600.94 - $7,239.91 = $26,361.03
second payment = $10,600 - ($26,361.03 x 10%) = $7,963.90
principal balance after second payment = $26,361.03 - $7,963.90 = $18,397.13
third payment = $10,600 - ($18,397.13 x 10%) = $8,760.29
principal balance after third payment = $18,397.13 - $8,760.29 = $9,636.84
fourth payment = $10,600 - ($9,636.84 x 10%) = $9,636.32
principal balance after fourth payment = $9,636.84 - $9,636.32 = $0.52 (rounding error)
Which of the following statements is not correct? Group of answer choices The deadweight loss that arises in monopoly stems from the fact that the profit-maximizing single-price monopoly firm produces a quantity of output that is smaller the socially-efficient quantity. Consumer surplus is smaller with perfect price discrimination than for a single-price monopolist that can not price discriminaten with a single price monopoloblem caused by monopoly is monopoly profit. For a given demand curve, the profit for a single-price monopolist is larger than for a monopolist that can price discriminate. The deadweight loss caused by monopoly is similar to the deadweight loss caused by a tax on a product.
Answer:
The deadweight loss that arises in monopoly stems from the fact that the profit maximizing single price monopoly firm produces a quantity of output that is smaller the socially efficient quantity.
Explanation:
The dead weight loss arises in an economy when supply and demand are not balanced. Supply and demand are the two most important factors that derive the economy. The economy does not achieve its equilibrium because of dead weight loss. The cost is increased due to dead weight loss which creates market inefficiency.
On May 10, 2017, Vaughn Co. enters into a contract to deliver a product to Greig Inc. on June 15, 2017. Greig agrees to pay the full contract price of $1,990 on July 15, 2017. The cost of the goods is $1,310. Vaughn delivers the product to Greig on June 15, 2017, and receives payment on July 15, 2017. Prepare the journal entries for Vaughn related to this contract. Either party may terminate the contract without compensation until one of the parties performs.
Answer:
June 15, 2017, goods sold on account to Greig
Dr Accounts receivable 1,990
Cr Sales revenue 1,990
Dr Cost of goods sold 1,310
Cr Merchandise inventory 1,310
July 15, 2017, payment collected from Greig
Dr Cash 1,990
Cr Accounts receivable 1,990
The transaction must be recorded only after some type of consideration is exchanged between the parties.
Because they do so much driving while visiting doctors' offices and hospitals, pharmaceutical sales representatives are often given company cars to drive. When a pharmaceutical company like Merck is preparing to purchase new company cars, sales reps' feedback will be sought on car models and features, but the final decision will be made by higher levels of management. What role(s) do the sales reps play in the buying center?
Answer: Users and Influencers
Explanation: The sales representatives are consulted being the ones who will make use of the purchased vehicle in order to aid business growth, the sales representative have become familiar with issues they experience during the use of previous cars which might be related to the model and certain mechanical features of the car. Therefore, the feedback provided may be considered when the ultimate decision is being made, here sales representatives acts as influencers as their opinion is put into perspective, even though other considerations may outweigh those provided by the sales representatives as the final decision is being made by the superior management.
Economic profit in the long run is: Group of answer choices possible for both a pure monopoly and a pure competitor. possible for a pure monopoly but not for a pure competitor. impossible for both a pure monopolist and a pure competitor. only possible when barriers to entry are nonexistent.
Answer:
possible for a pure monopoly but not for a pure competitor
Explanation:
The economic profits are the profits in which the firm could be earned by the market power
As we know that in the perfect competition there is a freedom for entry and exit to the markets and also in this no market power due to which its profits are zero
Therefore it should be possible for the pure monopoly, not the pure competitor
Hence, option b is correct
A company purchased a computer system at a cost of $34,000. The estimated useful life is 8 years, and the estimated residual value is $9,000. Assuming the company uses the double-declining-balance method, what is the depreciation expense for the second year
Answer:
Year 2= $4,687.5
Explanation:
Giving the following information:
Purchase price= $34,000
Useful life= 8 years
Salvage value= $9,000
To calculate the depreciation expense under the double-declining-balance, we need to use the following formula:
Annual depreciation= 2*[(book value)/estimated life (years)]
Year 1= [(34,000 - 9,000)/8]*2= $6,250
Year 2= [(25,000 - 6,250)/8]*2= $4,687.5
It will cost $7,000 to acquire an ice cream cart. Cart sales are expected to be $3,600 a year for three years. After the three years, the cart is expected to be worthless as the expected life of the refrigeration unit is only three years. What is the payback period
Answer:
It will take 2 years and 344 days to cover for the initial investment.
Explanation:
Giving the following information:
Initial investment= $7,000
Cash flow year 1 trough 3= $3,600
The payback period is the time required to cover for the initial investment:
Year 1= 3,600 - 7,000= -3,400
Year 2= 3,600 - 3,400= 200
To be more accurate:
(3,400/3,600)*365= 344
It will take 2 years and 344 days to cover for the initial investment.
suppose an unanticipated decrease in foreign spending on domestically produced goods causes the aggregate demand curve to shift to the left (from AD1 to AD2 ). According to adherents of the adaptive-expectations theory, the unanticipated change in aggregate demand will cause the economy to move in which direction
Answer:
Under the adaptive expectations theory, individuals and businesses base their future economic expectations using past events and experiences as their starting point. E.g. if the economy has been constantly growing steadily for the past 4 years, people and businesses will expect that it continues to grow in a similar way in the near future.
In this case, since the aggregate demand decreased (leftward shift) but this was the result of an unanticipated decrease in exports, economists, individuals and businesses will believe that the economy will not be affected and shall soon return to its normal path. The problem is that the economy actually starts to shrink, and since no adjustments are made on time, the problem will not improve, instead it will get worse. Eventually, once the people and businesses realize the negative effect on the economy, they will react abruptly.
This happened during the Great Recession when everyone thought that the prices of homes would increase forever, but once people realized their mistake, panic spread and the economy collapsed. This is not the same situation, but the negative effects will be eventually felt.
Jill wants to start her own business, but knows little about how to set up an accounting system or interpret financial information. "I'm not worried about accounting," she tells her friends. "I'll just hire a part-time bookkeeper to handle all that type of stuff, and focus my attention on what I like—finding ways to satisfy my customers." Which of the following is the best response to Jill's comments?A. Fine. Just make sure the bookkeeper you hire knows how to use a database, since this type of software is the heart of any efficient accounting system. B. Although you can hire someone to keep your books, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions. C. Most entrepreneurs would agree with your opinion. The work done by accountants is mainly clerical in nature, so time spent by business owners on accounting tends to take them away from more important tasks. D. You have a good plan. Only managers of large firms require knowledge of accounting. Owners and managers of small businesses can easily get by with just a part-time bookkeeper.
Answer:
B. Although you can hire someone to keep your books, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions
Explanation:
You may employ someone to manage the accounts, but you do need to know how to read, understand, and interpret simple reports of accounting to make sound business decisions, as well as understanding whether someone is committing fraud with you. A simple knowledge can help with all of this.
The smooth operation of a company is practically impossible without being able to interpret, comprehend and evaluate accounting reports and financial statements.
Therefore according to the given situation, the correct answer is b
Physical units to be accounted equals A : units started into production plus units in ending work in process inventory. B : units started into production plus units in beginning work in process inventory. C : units started into production less units in beginning work in process inventory. D : units completed and transferred out plus beginning work in process inventory.
Answer:
B : units started into production plus units in beginning work in process inventory.
Explanation:
If a Company uses process costing, the units to be accounted for are the units that were in production during the period.
Units in production comprises of units in beginning work in process still to be completed as a result of previous process plus the units started into production during the period.
A house in the neighborhood has been well maintained. The seller has made sure that all the electrical systems are working to code and that it has been kept up-to-date on painting and other maintenance. The appraiser gives him an excellent value based on:
Answer:
utility power
Explanation:
In simple words, the location of the house has been said to be in a prominent region, it gives the house a competitive advantage over other units, also the house has been maintained and restructured bu the seller so that it looks more good and healthy.
The subject unit has been restructured in a way that it satisfied all the needs of the buyer, thus, it brings a lot of utility power to the market in respect of its value.
Answer: economic life
Explanation:
why does human want change over a period of time ?
The process by which management plans, evaluates, and controls long-term investment decisions involving fixed assets is called __________ analysis.
Answer:
capital investment analysis
Explanation:
This process being described is known as capital investment analysis. Like mentioned in the question this term refers to a budgeting procedure that is used in order to ultimately assess the potential profitability of a specific long-term investment. This form of analysis is usually used by large corporations/organizations that have a long-term investment which contain fixed assets such as equipment, machinery, or real estate.
Johnstone’s Realty is a new discount, menu-based brokerage firm. Its approach usually results in a lower listing commission rate than other firms offer. Johnstone’s also offers a lower cooperating brokerage split than most other firms. Business is booming for Johnstone's, and the remaining firms in town are concerned. These brokers agree to not show Johnstone’s listings to their buyer clients. What is this an example of?
Answer:
"Group boycotting " is the right solution.
Explanation:
Team or group boycott corresponds to something like an organization's decided reluctance to work with some other company unless they prevent from working with such a possible rival attempting to expand the marketplace. This seems to be an accepted-upon reluctance by rivals to negotiate with another company unless someone prevents people from negotiating with a possible opponent pursuing market entry.So that the given scenario would be an example of Group boycotting.
Which one does not describe the ways that players associations support players? A. Providing them with guidance in salary and labor arbitration. B. Providing them with equipment and instruction to enable them to perform at the highest possible level. C. Providing them with salary and contract data. D. Providing them with information to support negotiations.
Answer: Providing them with equipment and instruction to enable them to perform at the highest possible level.
Explanation:
Players association support players by providing them with guidance in salary and labor arbitration, providing them with salary and contract data and also by providing them with information to support negotiations.
It is not the function of the players association to provide players with equipment and instruction to enable them to perform at the highest possible level.
