Answer:
Reverse redlining
Explanation:
Reverse redlining means the practice that target the neighborhood specially the non-white for the greater prices or lended the non-fair terms like lending used for predatory with respect to the subprime mortgage
So as per the given situation, it is the reverse redlining as it is targetted to the borrowers or the areas having high cost loans
So, the same should be considered
Fleet Sports purchased a production machine with a cost of $180,000 at the beginning of 2019. Transportation costs to get the machine ready were $5,000. An additional $15,000 of labor costs were incurred to assemble the machine. The equipment has an estimated life of 10 years or 100,000 snowboards (units of product). The estimated residual value is $20,000. During 2019, 17,000 snowboards (units of product) were produced with this machinery.
Required:
a. What is the depreciation expense per unit of production using the units-of-production depreciation?
b. What is the total depreciation expense at December 31, 2019, using units-of-production depreciation?
c. What journal entry is needed at the end of 2019 to record depreciation expense using straight-line depreciation?
d. What is the book value of the equipment at the end of 2020 using straight-line depreciation?
Explanation:
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Answer:
to the end of the sixth year;
b/ The number of years required before the capital stock exceeds $200 000.
Quail Company's suppliers offer terms of 2/10, net 35. Using a 360-day year, what is the approximate cost of foregoing the discounts
Answer:
0.29
Explanation:
The computation of the approximate cost of foregoing the discounts is shown below:
Here we assume the balance to be $100
Now 2/10, net 35 means that if the person paid the amount within 10 days so he or she is eligible for the payment
So,
= $100 × (100 - 0.02)
= $98
The $98 should be paid in 10 days
or $100 for 35 days
So overall the $2 for borrowing and $98 for 25 days i.e. (35 - 10)
Now the annual percentage is
= $2 ÷ $98 × 360 days ÷ 25 days
= 0.29
A list of financial statement items for Sunland Company includes the following: accounts receivable $19,600; prepaid insurance $3,640; cash $14,560; supplies $5,320; and debt investments (short-term) $11,480.
Required:
Prepare the current assets section of the balance sheet listing the items in the proper sequence.
Answer:
See below
Explanation:
Preparation of current asset section in the balance sheet
Cash
$14,560
Supplies
$5,320
Prepaid insurance
$3,640
Account receivables
$19,600
Total current asset
$43,120
SWOT analysis provides managers with an uncritical view of the organization's internal and external environments and helps them evaluate the firm's fulfillment of its basic objectives.
a. True
b. False
Key Company acquires 60, 10%, 5 year, $1,000 Community bonds on January 1, 2012 for $61,250. This includes a brokerage commission of $1,250. The journal entry to record this investment includes a debit to
Answer: Debt investment for $61250
Explanation:
Since we are given the information that Key Company acquires 60, 10%, 5 year, $1,000 Community bonds on January 1, 2012 for $61,250, the journal entry to record this investment will be:
Dr Debt investment $61250
Cr Cash $61250
Therefore, the journal entry to record this investment includes a debit to Debt investment for $61250
What is Walmart's Times Interest Earned Ratio for the year of 2018 (round it to 3 numbers after the decimal point -> 0.581)
Answer:
17.10 times
Explanation:
Complete word "Walmart's reported the following amounts on its 2018 income statement E(Click the icon to view the amounts.) What is Walmart's times-interest-earned ratio for 2018? (Round to two decimals.) Times-interest-earned ratio X Data Table Year Ended December 31, 2018 42,000 Net income 6,300 Income tax expense 3,000 Interest expense Print Done"
EBIT = Net Income + Interest expenses + Income tax expense
EBIT = $42,000 + $3,000 + $6,300
EBIT = $51,300
Times Interest Earned Ratio = EBIT / Interest Expenses
Times Interest Earned Ratio = $51,300 / $3,000
Times Interest Earned Ratio = 17.10 times.
In the business cycle, which term best fits the labeled point on the graph?
A. Trough
B. Contraction
C. Peak
D. Expansion
Answer:A. Trough
Explanation:
In the business cycle, the term that best fits the labelled point on the graph is called the trough. The correct option is a.
What is a trough?A trough, in economic terms, can refer to a stage in the business cycle where activity is bottoming, or where prices are bottoming, before a rise. The business cycle is the upward and downward movement of gross domestic product and consists of recessions and expansions that end in peaks and troughs.
A trough is marked by conditions like higher unemployment, layoffs, declining business sales and earnings, and lower credit availability. After the trough, recovery and expansion begin. The actual trough can only be identified in hindsight. The business cycle moves in five phases: expansion, peak, contraction, trough, and recovery. The trough is the bottoming process of moving from contraction, or declining business activity, to recovery, which is increasing business activity.
Economists use several metrics to track the economic cycle throughout its various phases.
Learn more about trough, here:
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Wassonâs Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are as follows.
Time Charges Material Loading Charges
Restorers' wages and fringe benefits $237,300
Purchasing agent's salary and fringe benefits $68,560
Administrative salaries and fringe benefits 45,200 20,200
Other overhead costs 11,300 76,080
Total budgeted costs $293,800 $164,840
The company anticipated that the restorers would work a total of 11,300 hours this year. Expected parts and materials were $1,268,000. In late January, the company experienced a fire in its facilities that destroyed most of the accounting records. The accountant remembers that the hourly labor rate was $69 and that the material loading charge was 84%.
Required:
Determine the profit margin on materials.
Answer: 71%
Explanation:
The Budgeted material loading charge was 84% of material cost of $1,268,000.
Yet the actual loading cost was $164,840 which means that actual loading cost percentage is:
= 164,840 / 1,268,000 * 100%
= 13%
Profit margin = Budgeted percentage - Actual percentage
= 84% - 13%
= 71%
Your parents have accumulated a $130,000 nest egg. They have been planning to use this money to pay college costs to be incurred by you and your sister, Courtney. However, Courtney has decided to forgo college and start a nail salon. Your parents are giving Courtney $28,000 to help her get started, and they have decided to take year-end vacations costing $11,000 per year for the next four years. Use 8 percent as the appropriate interest rate throughout this problem. Use Appendix A and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods.
a. How much money will your parents have at the end of four years to help you with graduate school, which you will start then?
b. You plan to work on a master’s and perhaps a PhD. If graduate school costs $27,700 per year, approximately how long will you be able to stay in school based on these funds? (Round your final answer to 2 decimal places.)
Nathan, George, and Bill have formed a partnership and the partnership agreement states that Nathan will receive 40% of the profits and George and Bill will share the remainder equally. During the current year, the partnership earns $120,000. What is the closing entry to record the allocation of partnership income
Answer:
Profits will be distributed in the following way:
Nathan will receive $120,000 x 40% = $48,000
George will receive $120,000 x 30% = $36,000
Bill receive $120,000 x 30% = $36,000
Total = $120,000
Journal entry
Dr Income summary 120,000
Cr Capital, Nathan 48,000
Cr Capital, George 36,000
Cr Capital, Bill 36,000
A company bought machinery on January 1, 2016, for $200,000. On January 1, 2018, the machinery had a book value of $100,000. It is estimated that the machine will generate future cash flows of $70,000 and its current fair value is $60,000. How much impairment loss should be recorded
Answer:
The impairment loss that should be recorded is:
= $40,000.
Explanation:
a) Data and Calculations:
Cost of machinery on January 1, 2016 = $200,000
Book value of machinery on January 1, 2018 = $100,000
Estimated future cash flows from the machinery = $70,000
Estimated fair value of the machinery = $60,000
Impairment loss to be recorded = Book value Minus Fair Market Value
= $40,000 ($100,000 - $60,000)
b) The impairment loss is calculated as the difference between the asset's carrying cost of $100,000 and the lower market value of $60,000 instead of $70,000.
Mariott Condominium, located near San Diego, California, plans to renovate its main building. The project will begin April 1, and the goal is to complete by August 1 (in 17 weeks). The condominium manager identifed the renovation activities and their estimated time below.
a) Draw a project network. You may want to draw on paper then do it here by connecting the given nodes with arcs (i.e, arrows). You might not use all of the given arcs.
b) What are the critical activities?
c) What activity has the most slack time?
d) Will the project be completed by August 1?
Answer:
7
Explanation:
because
The negative impact of the Corona virus as one of the socio economic issues on businesses
Answer:
A socio-economic impact of this pandemic of coronavirus is that it threatens the life and economy of every country worldwide, causing increased poverty and widespread inequalities.
Explanation:
It is a pandemic disease, which spreads from person to person, based on available information. It is, therefore, necessary to avoid collection, to stay as home as possible, to practice distancing from society, to wear a mask, to use sanitizing agents, and to comply with local authorities until specific vaccines or drugs are available.
g For a monopolist, marginal revenue is less than price because Group of answer choices the monopolist must lower price on all units sold and not just on the last unit sold. the demand curve is inelastic. the monopolist must lower price on the last unit sold in order to sell it. marginal revenue is always less than price, just as in the model of perfect competition.
Answer:
the monopolist must lower price on all units sold and not just on the last unit sold.
Explanation:
A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes.
Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.
Marginal revenue can be defined as the additional amount of money that is gained or generated by a business firm from the sales of an additional unit of a product or service. Graphically, a change in the value of the total revenue curve at a given point gives the marginal revenue.
A price refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.
For a monopolist, the marginal revenue (MR) of a product or service is less than price because the monopolist must lower price on all of the units sold rather than lowering price on the last unit sold only.
Hence, the lower price applies to all units sold by a monopolist.
An analyst is creating a map illustrating zoning restrictions in Louisiana. The analyst has added zoning and street content to the map. What is the next step to create the map
Answer:
Find and add this content to the map and then publish the map.
Explanation:
The term 'zoning' refers to the municipal laws or the local laws and the regulations which governs the usage of the real estate properties in a certain geographic area. It means this laws tells us how the properties can be used in an area.
It prevents the construction of any commercial or industrial buildings in any residential area.
In the context, n analyst is making a map of Louisiana that illustrates the zoning restrictions in the state. The analyst had already added the zoning content as well as the street content to the map. After this, he can finally publish the map following the proper guidelines of the state.
On January 2013, Pennington Bancorp acquired $100,000 of marketable securities and classified them as Available for Sale. On March 31, 2013, Pennington prepared its 10-Q and marked the securities down to their market value of $85,000. On April 4, 2013, Pennington sold the securities for $93,000 cash. Which of the following items would be increased by the sale of the marketable securities?
a. Cash from Financing Activities
b. Net Income
c. Marketable Securities
d. Accumulated Other Comprehensive Income
e. Cash from Investing Activities
Answer:
b. Net Income
e. Cash from Investing Activities
Explanation:
Calculation to determine Which of the following items would be increased by the sale of the marketable securities
Using this formula
Gain from investment = Selling price of the security - Value of the security
Let plug in the formula
Gain from investment= $93,000 - $85,000
Gain from investment= $8,000
Based on the above calculation The sell of marketable security will INCREASE CASH which means that CASH FROM INVESTING ACTIVITIES will increase and NET INCOME will increase.
Therefore the items that would be increased by the sale of the marketable securities are :
b. Net Income
e. Cash from Investing Activities
In the year 2003 the Acme Company had twice as many employees as managers. During the next 5 years, they hired twelve employees and fired two managers. Which of the following equations is correct for the number of managers?
A. NM2008 + 2 = 2 (NE2008 - 12).B. NM2008 - 2 = 2 (NE2008 + 12).C. 2 (NM2008 + 2) = NE2008 - 12.
D. 2 (NM2008 - 2) = NE2008 + 12.E. I can't eliminate any choices.
Answer:
B. NM2008 - 2 = 2 (NE2008 + 12)
Explanation:
Acme company has twice as many employees as managers so the number of employees would be multiplied by 2 to find the actual number of employees. The company will hire 12 new employees and will fire 2 managers in next 5 years. The correct equation will show the number of employees plus 12 new employees and managers minus 2 managers who are fired.
Suppose nominal GDP is $2,000 a year and the quantity of money is $400. Then the velocity of circulation equals
Answer: 5
Explanation:
The velocity of circulation is the average number of times that each dollar can be used for the purchase of goods and services in a year.
From the information given in the question, the velocity of circulation will be:
= Nominal GDP / Quantity of money
= $2000 / $400
= 5
Therefore, the velocity of circulation is 5.
A company had revenue of $250,000, rent expense of $10,000, utility expense of $3,500, salary expense of $18,500, depreciation expense of $9,000, advertising expense of $4,500, dividends in the amount of $18,000, and a beginning balance in retained earnings of $17,900. What is the amount in the income summary account before it is closed for the period
Answer: $204,500
Explanation:
The amount in the income summary account before it is closed for the period will be calculated thus:
Revenue = $250,000
Less: Rent expense = $10,000
Less: Utility expense = $3,500
Less: Salary expense = $18,500
Less: Depreciation expense = $9,000
Less: Advertising expense = $4,500
Amount in Income summary account = $204,500
Swifty Football Co. had a player contract with Watts that is recorded in its books at $8340000 on July 1, 2020. Blossom Football Co. had a player contract with Kurtz that is recorded in its books at $10700000 on July 1, 2020. On this date, Swifty traded Watts to Blossom for Kurtz and paid a cash difference of $1070000. The fair value of the Kurtz contract was $12600000 on the exchange date. The exchange had no commercial substance. After the exchange, the Kurtz contract should be recorded in Swifty's books at:_______.
Answer:
"$9,410,000" is the appropriate answer.
Explanation:
Given that,
Fair value,
= $12600000
Cash difference,
= $1070000
Books value before transaction,
= $8340000
Now,
The deferred gain will be:
= [tex](Fair \ value-Cash \ difference)-Books \ value \ before \ transaction[/tex]
= [tex](12600000 -1070000)-8340000[/tex]
= [tex]11530000 -8340000[/tex]
= [tex]3,190,000[/tex] ($)
hence,
The Kurtz contact value will be:
= Fair value - Deferred gain
= [tex]12600000-3190000[/tex]
= [tex]9,410,000[/tex] ($)
Dallas National Bank had the following activities, traceable costs, and physical flow of driver units: Activities Traceable Costs Physical flow of Driver Units Open new accounts $50,000 1,000 accounts Process deposits 36,000 400,000 deposits Process withdrawals 15,000 200,000 withdrawals Process loan applications 27,000 900 applications The above activities are used by the Memorial branch and the University branch: Memorial University New accounts 200 400 Deposits 40,000 20,000 Withdrawals 15,000 18,000 Loan applications 100 160 Refer to Dallas National Bank. What is the cost per driver unit for the loan application activity
Answer:
Dallas National Bank
The cost per driver unit for the loan application activity is:
= $30
Explanation:
a) Data and Calculations:
Activities Traceable Costs Physical flow
of Driver Units Rate
Open new accounts $50,000 1,000 accounts $50
Process deposits 36,000 400,000 deposits $0.09
Process withdrawals 15,000 200,000 withdrawals $0.075
Process loan applications 27,000 900 applications $30
Memorial University
New accounts 200 400
Deposits 40,000 20,000
Withdrawals 15,000 18,000
Loan applications 100 160
Diego is a salesperson who has been in charge of the Homer Manufacturing account for years. He handles all of Homer's orders and quickly resolves any issues that may come up. On occasion, Diego takes some of the company employees out to dinner and has even given them tickets to local sporting events. Diego is involved in
Answer: b. relationship selling
Explanation:
Relationship selling refers to a process by which a relationship is built between customers and salespersons. This works when the salesperson takes an active interest in the life of the customer such that they feel satisfaction.
Diego is a salesperson who sells to Homer Manufacturing. In taking employees of the company out and even giving them gifts, he is building a relationship with them and being involved in their personal life. This is therefore relationship building.
Imagine consumers are fooled into thinking that a good is better than it really is. This means that the true, full-information demand curve is located to the _______ of the asymmetric information demand curve, and consumers will purchase ________ than what they really would have purchased.
Answer:
Imagine consumers are fooled into thinking that a good is better than it really is. This means that the true, full-information demand curve is located to the ___left____ of the asymmetric information demand curve, and consumers will purchase ___more_____ than what they really would have purchased.
Explanation:
The existence of asymmetric information implies that one party in a business transaction possesses information that the other party lacks. This causes the market to fail because the correct price for the product or service cannot be set based on the forces of supply and demand. If consumers have full information, their demand curve will be skewed to the left, meaning that less of the product will be demanded.
When technology is progressing rapidly, firms are more likely to Group of answer choices commit themselves to fixed assets. focus on developing the necessary skills in-house. use linkages with other specialized firms to access resources they do not possess. focus on broadening their capabilities.
Answer: use linkages with other specialized firms to access resources they do not possess.
Explanation:
When technology progresses, firms can benefit by having access to better processes that they may not have by reaching out to other firms that are able to produce those resources.
They will then use the acquired resources to become even more efficient in their own production and produce resources that other companies will then seek which would have the effect of moving the entire economy forward.
HNT is an all-equity firm with a beta of .88. What will the firm's equity beta be if the firm switches to a debt-equity ratio of .35
Answer:
the firm equity beta is 1.188
Explanation:
The computation of the firm equity beta is as follows:
In the case when the firm switches to a debt-equity ratio is 0.35,
So, the proportion of equity in total capital structure is
= 100 ÷ 135
= 0.741
Now The equity beta is
= 0.88 ÷ 0.741
= 1.188
Hence, the firm equity beta is 1.188
Theo UCP600, thuật ngữ "about" cho phép số lượng hàng hóa có dung sai là
Answer:
english pls and i will help u if u send a clear one
Explanation:
Fill in the blanks with the category of the expanded accounting equation (assets; liabilities; owner, capital; owner, withdrawals; revenues; expenses). Do not abbreviate any answers.
Inventory______ Retained Earnings________
Dividends______Cost of Goods Sold________
Utilities Payable_______ Service Revenue_______
Accounts Payable______ Rent Expense_________
Answer:
bro ask Ur teacher lol
lull
.
Answer: inventory is asset,retained earning is revenue,dividend is expense,cost of good sold is expense,utilities payable is liability,service revenue is revenue,accout payable is liability,rent expense is expense
Explanation:
Given the following Balance of Payment data for a given country: Current Account Balance: $1,400 Capital Account Balance: $80. What must be the Financial Account Balance: $nothing. (Enter your answer as an integer. Include the minus sign if necessary.)
Answer:
$1,320
Explanation:. Calculation to determine what must be the Financial Account Balance
Using this formula
Financial Account Balance=Current Account Balance-Capital Account Balance
Let plug in the formula
Financial Account Balance=$1,400-$80
Financial Account Balance=$1,320
Therefore the Financial Account Balance is $1,320
Phone regularly prices its products at cost plus a 40 percent markup for profit. Smart prices its sales at cost plus a 20 percent markup. The total sales reported by Phone and Smart include both intercompany sales and sales to nonaffiliates. Required: a. What amount of sales will be reported in the consolidated income statement for 20X8
Answer: $790,000
Explanation:
The amount of sales that should be recorded in the consolidated statement is the total sales of each company less the sales of each company to each other.
Consolidated sales = (660,000 + 510,000) - (140,000 + 240,000)
= 1,170,000 - 380,000
= $790,000
Imagine in a particular country several major financial institutions fail within a relatively short timeframe, and the country's leader announces a massive federal government bailout is needed to avoid an economic collapse. During this period, uncertainty on the part of business leaders and consumers would be reasonably expected to increase for a while. What impact could this increase in uncertainty have on interest rates as described in the instructor's presentation
Answer:
If decrease in demand for loanable funds was less than decrease in supply then interest rate will increase.
Explanation:
In the case when there is an increase in the uncertainity so the impact should be that it reduced the demand for the loanable fund and that should be less than the reduction in the supply due to this there should be the rise in the rate of the interest. Also we cant estimated the rate of interest whether it is increased or not but as per the theory of supply and demand if supply decreased more than the demand so the rate of interest should increased