Answer:
it's A
Explanation:
credit cards
The practise of applying unfair, dishonest, or abusive loan terms to customers is known as predatory lending. Hence option A is correct .
What is predatory lending ?These loans frequently come with excessive fees and interest rates, drain the borrower's equity, or place a creditworthy borrower in a loan with a worse credit rating (and higher cost), all to the lender's advantage.
Predatory lenders frequently employ pushy sales techniques and prey on the borrowers' ignorance of financial transactions. They lure, encourage, and help a borrower take out a loan they will not reasonably be able to repay through deceptive or dishonest conduct and a lack of transparency.
Any dishonest actions taken by lenders to persuade, induce, deceive, or aid borrowers into taking out loans they are unable to responsibly repay or must pay back are considered predatory lending back at a price that is significantly more than the going rate. Predatory lenders prey on the situation or ignorance of borrowers.
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Typically banks rely on other banks to lend reserves to one another. Which interest rate do they charge for these loans
Answer:
Federal funds rate
Explanation:
federal funds rate is simply known as the interest rate at which depository financial institutions borrows(lends) funds maintained at the federal reserve to other depository financial institutions usually or Maybe overnight.
It is simply the interest rate that one bank charges another for borrowing money overnight. Its importance is to help banks meet their reserve requirements and prevent bank failure and also may be use to stimulate the economy.
Many U.S. firms prefer to sell in Canada, England, and Australia-rather than in larger markets such as Germany and France-because they feel more comfortable with the languages, laws, and culture, which reflect the ________ between these countries and the United States.
a. self-serving bias
b. coincident development
c. psychic proximity
d. cognitive dissonance
e. backward invention
Answer: psychic proximity
Explanation:
The above scenario in the question reflects the psychic proximity between the countries and the United States.
In international business, psychic proximity simply has to do with the national differences between countries which influences a country's perception towards another country.
Therefore, the correct option is C.
Sheridan Company reports the following information (in millions) during a recent year: net sales, $17,371.2; net earnings, $481.6; total assets, ending, $6,899.2; and total assets, beginning, $6,806.4. Calculate the (1) return on assets, (2) asset turnover, and (3) profit margin ratios. (Round answers to 1 decimal place, e.g. 15.2% or 15.1.)
Answer and Explanation:
The computation is shown below:
As we know that
1. Return on assets is
= Net income ÷ avg total assets
where,
Avg total assets is
= (opening total assets + closing total assets) ÷ 2
= ($6,806.4 + $6,899.2) ÷ 2
= $6,852.8
Now return on asset is
= $481.6 ÷ $6,852.8
= 7.0%
2. Assets turnover ratio = net sales ÷ avg total assets
= $17,371.2 ÷ $6,852.8
= 2.5 times
3. Profit margin = net income ÷net sales
= $481.6 ÷ $17,371.2
= 2.8%
Suppose a popular band decides to hold a free concert in its hometown. Admission is available on a first-come, first-served basis. This concert is an example of: multiple choice an artificially scarce good. a public good. a common resource. a private good.
Answer:
None but a rival goods.
Explanation:
Public goods means a product that cannot reduce the consumption of one person due to the consumption of other person. Providing a free concert is necessarily excludable because it is possible to charge entrance. Only a limited person can attend the concert, so it is a rival goods. The free concert is not a public goods none common resources and private goods
PLEASE HELP!!! Compare U.S. government savings bonds to mutual funds and collectibles in terms of risk and potential return. Explain why these investments are categorized as they are.
Answer:
.......
Explanation:
...................
Bigelow has a levered cost of equity of 14.29% and a pretax cost of debt of 7.23%. The required return on the assets is 11%. What is the firm's debt-equity ratio based on MM Proposition II with no taxes?
Answer:
0.873
Explanation:
Given that
Cost of equity, RS = 14.29% = 0.1429
Required return on assets = 11% = 0.11
Cost of debt = 7.23% = 0.0723
Then we can calculate the firm's debt equity ratio by using the relation
0.1429 = 0.11 + B/S(0.11 - 0.0723)
0.1429 = 0.11 + B/S(0.0377)
B/S(0.0377) = 0.1429 - 0.11
B/S(0.0377) = 0.0329
B/S = 0.0329 / 0.0377
B/S = 0.873
Therefore, the debt equity ratio is 0.873
which value of a makes this investor indifferent between the risky portfolio and the risk-free asset
Answer: 8
Explanation:
Expressing the value of A that would equate the risk-free rate to the risky portfolio is;
0.06 = 0.15 − A/2(0.15)²
0.06 - 0.15 = -0.01125 * A
A = (0.06 - 0.15) / -0.01125
A = 8
With A being 8, the investor would be indifferent between the risk free asset and the risky portfolio according to their utility function.
Your real estate agent mentions that homes in your price range require a payment of $1,200 per month for 30 years at 0.75% interest per month. What is the size of the mortgage with these terms?
Answer:
the size of the mortgage with these terms is $149,138.24
Explanation:
The computation of the size of the mortgage is shown below:
Present value of annuity is
= Monthly payment × {[1 - (1 + rate of interest)^-number of months] ÷ rate of interest}
= $1,200 × {[1 - (1 + 0.0075)^-360] ÷ 0.0075}
= $1,200 × 124.2819
= $149,138.24
The 360 is come from
= 30 years × 12 months
= 360 months
hence, the size of the mortgage with these terms is $149,138.24
Loyalty programs that are most likely to provide a sustainable advantage and to survive in the grocery industry are those that
Complete Question:
Loyalty programs that are most likely to provide a sustainable advantage and to survive in the grocery industry are those that
Group of answer choices
a) leverage data obtained from customers into more effective marketing decisions
b) save companies money by replacing other communication tools
c) result in true value creation
d) all of the above
Answer:
d) all of the above
Explanation:
Loyalty programs can be defined as a collection of activities that add rewards, discount, as well as other enticing incentives given to customers for their loyalty to a business firm or company.
Loyalty programs that are most likely to provide a sustainable advantage and to survive in the grocery industry are those that are;
a). Average data obtained from customers into more effective marketing decisions
b. Save companies money by replacing other communication tools.
c. Result in true value creation.
Assuming a taxpayer has no other gains or losses for the year, a loss from the theft of a Section 1231 asset is treated as a capital loss.A. True B. False
Suppose 17 pesos can be exchanged for $1. A Mexican businessman is interested in buying a home in Texas. If the price of the home in Texas is $200,000, how many Mexican pesos must he have to buy this home
Answer:
Total cost in pesos= $3,400,000
Explanation:
Giving the following information:
One dollar= $17 pesos
Total cost of the house= $200,000 dollars
To calculate the total cost in Mexican pesos, we need to multiply the exchange rate by the total cost in dollars.
Total cost in pesos= 200,000*17
Total cost in pesos= $3,400,000
10. Do you think engaging in organic farming is an example of corporate citizenship? Why?
Answer:
The global population is growing rapidly causing a rise in demand for sustainable food production.
Explanation:
Ahngram Corp. has 1,000 defective units of a product that cost $3.30 per unit in direct costs and $6.80 per unit in indirect cost when produced last year. The units can be sold as scrap for $4.30 per unit or reworked at an additional cost of $2.80 and sold at full price of $12.90. The incremental net income (loss) from the choice of reworking the units would be:________
a. $2,800.
b. $4,300.
c. $10,100.
d. ($2,800).
e. $0.
Answer:
If the units are reworked, income will increase by $5,800.
Explanation:
Giving the following information:
Number of units= 1,000
Sell as-is= $4.3
Rework cost= $2.8
Selling price= $12.9
Because the original cost will remain constant in both options, we will not take them into account.
Sell as-is:
Effect on income= 1,000*4.3= $4,300
Rework:
Effect on income= 1,000*(12.9 - 2.8)
Effect on income= $10,100
If the units are reworked, income will increase by $5,800.
E-Eyes just issued some new preferred stock. The issue will pay an annual dividend of $27 in perpetuity, beginning 16 years from now. If the market requires a return of 4.1 percent on this investment, how much does a share of preferred stock cost today?
Answer:
$360.43
Explanation:
Calculation for how much does a share of preferred stock cost today
First step is for us to calculate the price of the stock in Year 15 which is a year before the first dividend payment.
P15= $27 / .041
P15= $658.54
Last step is to calculate for the price of the stock today
P0= $658.54/ (1+.041)^15
P0= $658.54/ (1.041)^15
P0=$360.43
Therefore the amount that a share of preferred stock cost today will be $360.43
Distinguish policies on external competitiveness from policies on internal alignment. Why is external competitiveness so important? What factors shape an organization's external competitiveness?
Answer:
The answer is given in detailed below along with headings separated for each part of the question
Explanation:
External Competitiveness and Internal Alignment
The comparisons with competitors with regard to the income received, some of which offer even high salaries in order to get the best individuals to work for them refer to as external competitiveness. While in the case of Internal alignment the comparison is done on the individuals job or skill level with each others and with the organisations objectives.
Importance of External Competitiveness
This is important depending on the goal of the organisations such that they provide attractive pay packages to retain their employees while ensuring that the labour cost is controlled so that it's products/services prices remain competitive in the market.
Factors shaping the organisations external competitiveness
The factors affecting the external competitiveness are as given below:
(1) Customs specific to both the organisations and its employees.
(2) Labour Market Competition
(3) The Competition in the market of product/service
These factors combined affect the level of pay an employee receives within an organisation.
Floyd Industries stock has a beta of 1.20. The company just paid a dividend of $.50, and the dividends are expected to grow at 6 percent per year. The expected return on the market is 11 percent, and Treasury bills are yielding 5.9 percent. The most recent stock price for the company is $76.
Required:
a. Calculate the cost of equity using the DDM method.
b. Calculate the cost of equity using the SML method.
Answer:
a.
r = 0.06697 or 6.697% rounded off to 6.70%
b.
r = 0.1202 or 12.02%
Explanation:
a.
Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,
P0 = D0 * (1+g) / (r - g)
Where,
D0 * (1+g) is dividend expected for the next period /year g is the growth rate r is the required rate of return or cost of equity
Plugging in the values for P0, D0 and g in the formula, we can calculate the value of r to be,
76 = 0.5 * (1+0.06) / (r - 0.06)
76 * (r - 0.06) = 0.53
76r - 4.56 = 0.53
76r = 0.53 + 4.56
r = 5.09 / 76
r = 0.06697 or 6.697% rounded off to 6.70%
.
Using the CAPM, we can calculate the required/expected rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.
The formula for required rate of return under CAPM is,
r = rRF + Beta * (rM - rRF)
Where,
rRF is the risk free rate
rM is the market return
r = 0.059 + 1.2 * (0.11 - 0.059)
r = 0.1202 or 12.02%
Carly’s Clips charges for their grooming services based on the following:________.
Direct labor rate $ 62 per hour
Materials markup 30 %
Using time and materials pricing, what is the total price for a job requiring 3 direct labor hours and $54 of materials?
Answer: $256
Explanation:
Using time and materials pricing, the total price for a job requiring 3 direct labor hours and $54 of materials will be calculated as:
Materials = $54
Add: Materials markup = 30% × $54 = 0.3 × $54 = $16.2 = $16
Add: Labour = 3 × $62 = $186
Total price of job = $256
5. If you wanted to show how many employees at your office ride a bicycle to work in comparison to the
number of employees who drive a car, take public transportation, or walk, what visual would be best?
Answer:
a bar graph
Explanation:
A bar graph may be defined as a visual representation of the categorical data or information which is represented by rectangular shape bars with their lengths or height proportional to the values they represent. A bar graph is also known as bar charts.
The rectangular bars can be plotted either vertically or horizontally.
In the context, a bar graph or a bar chart would be the best option to represent the number of employees who ride a bicycle and come to office and compare them to the number of employees who takes a public vehicle, drives a car or even come to office by walking.
g An equity issue sold to the firm's existing stockholders is called a Group of answer choices private placement Rights offer general cash offer discriminatory-price auction
Answer:
rights offer.
Explanation:
.
rights offer in equity can be regarded as invitation given to shareholders that are still existing in the firm so that they can purchase new shares, which is additional shares in the firm at a specific price which is usually at a particular time usually like 16 to 30 days. It should be noted that An equity issue sold to the firm's existing stockholders is called a rights offer
A market that has a single supplier of a product with no close substitutes and barriers to entry is:________
a. an oligopoly.
b. monopolistically competitive.
c. a pure monopoly.
Answer:
c. a pure monopoly.
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.
For example, a public power company is an example of a monopoly because they serve as the only source of power utility provider to the general public in a society.
Additionally, a public power company refers to a company that provides power (electricity) utility to the general public of a society.
Hence, a market that has a single supplier of a product with no close substitutes and barriers to entry is a pure monopoly.
Accounting profit is different than economic profit because economic profit is only important to economists and does not apply to the actual decision to launch a new business. accounting profit ignores the opportunity cost of launching a new business. economic profit is what is reported on your tax return. accounting profit includes all financial and opportunity costs of starting a business.
Answer:
accounting profit ignores the opportunity cost of launching a new business.
Explanation:
economic profit = accounting profit - opportunity costs
the easiest way to explain this concept is through an example:
you earn $60,000 per year by working at a bank
your friend wants to start a small accounting firm with you as his partner
each of you will invest $40,000 and the expected revenue is $150,000, expected costs are $30,000
your accounting profit = ($150,000 - $30,000) / 2 = $60,000
but your economic profit is negative:
opportunity cost of lost wages = $60,000opportunity cost of lost interests on your capital = $40,000 x 3% = $1,200economic profit = $60,000 - ($60,000 + $1,200) = $60,000 - $61,200 = -$1,200
WGU manufacturing receives an order for 2000 laptops. Karl, the production planner, realizes the company has no planned orders and has 1500 laptops on-hand. However, Karl has to keep a minimum of 1000 laptops on-hand at all times. Based on this information, what will the MPS reflect for the number of laptops to be produced?
Answer:
500
Explanation:
The computation of the MPS reflect for the number of laptops to be produced is shown below:
since it is mentioned in the question that there is a minimum of 1,000 laptop is on hand so here 500 should from inventory.
Therefore 500 should be produced for filling the order
Hence, the same is to be considered
Therefore the number of laptops to be produced is 500
Marin Company's accounts receivable arising from sales to customers amounted to $88000 and $77000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $334000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is
Answer:
Marin Company
Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is
$345,000
Explanation:
a) Data and Calculations:
Accounts Receivable (Beginning) $88,000
Accounts Receivable (Ending) $77,000
Increase in Cash received from customers = $11,000
b) Income reported on the income statement for the year = $334,000
Increase in Cash received from Customers = 11,000
Cash flows from operating activities to be reported = $345,000
c) The Accounts Receivable reduced from $88,000 to $77,000. This implied that some customers settled their accounts. Therefore, there was inflow of cash from customers. This increases the cash flows from operating activities. This is why the difference is added to the Income as per income statement as a change in working capital.
Suppose it takes $1.05 to buy 1 euro, the U.S. price level is 120, and the European price level is 125. A. Calculate the real exchange rate for the U.S. against the euro.B. Suppose the U.S. price level rises to 130. Calculate the real exchange rate again and explain why it has risen or fallen.
Answer:
0.914
0.990
Explanation:
Real Exchange rate= e * P/P
where
e = nominal exchange rate
P = Domestic Price Level
P* = Domestic Price Level
On that basis, we calculate that
a.)
$1/$1.05 = 0.9523
0.9523 * 120/125 =
0.9523 * 0.96 =
0.914
b)
$1/$1.05 = 0.9523
0.9523 * 130/125 =
0.9523 * 1.04 =
0.990
Also, there is going to be a change in the domestic price level. This change will then go on to affect the real exchange rate
If the number of unemployed workers is 19 million, the number in the working-age population is 500 million, and the unemployment rate is 4%, what is the labor force participation rate?
A. 7.8%
B. 96.2%
C. 95%
D. 4.75%
Answer:
labor force participation rate= 96.2%
Explanation:
Giving the following information:
Unemployed people= 19 million
Labor force= 500 million
First, we need to calculate the employed people:
Employed population = 500 - 19= 481 million
Now, to calculate the labor force participation rate, we need to use the following formula:
labor force participation rate= (employed people/labor force)*100
labor force participation rate= (481/500)*100
labor force participation rate= 96.2%
Suppose Carla has $7000 to invest. Which investment yields the greater return over 4 years: 7% compounded quarterly or 6.85% compounded monthly
Answer:
The option with the quarterly compounding provides a higher future value.
Explanation:
Giving the following information:
Initial investment= $7,000
Number of years= 4 years
To calculate the future value, we need to use the following formula:
FV= PV*(1+i)^n
Quarterly compounding:
Interest rate (i)= 0.07/4= 0.0175
n= 4*4= 16
FV= 7,000*(1.0175^16)
FV= $9,239.51
Monthly compounding:
i= 0.0685/12= 0.00571
n= 4*12= 48
FV= 7,000*(1.00571^48)
FV= $9,200.07
The option with the quarterly compounding provides a higher future value.
Upon arrival at the international airport in the country of Canteberry, Charles Alt exchanged $200 of U.S. currency 1,000 florins, the local currency unit. Upon departure from Canteberry's international airport on completion of his business, he exchanged his remaining 100 florins into $15 of U.S. currency.
Required:
a. Determine the currency exchange rates for each of the cells in the following matrix for Charles Alt's business trip to Canteberry.
b. Discuss and illustrate whether the U.S. dollar strengthened or weakened relative to the florin during Charles's stay in Canteberry.
c. Did Charles experience a foreign currency transaction gain or a loss on the 100 florins he held during his visit to Canteberry and converted to U.S. dollars at the departure date? Explain your answer.
Arrival Date Departure Rate
Direct exchange rate
Indirect exchange rate
Answer:
Explanation:
Here's the answer!! Hope this helped...
a. Exchange rate for buying florins = 5 florins per U.S. dollar and Exchange rate for selling florins = 0.15 U.S. dollars per florin
b. At the beginning of his trip, the exchange rate for buying florins was 5 florins per U.S. dollar. At the end of his trip, the exchange rate for selling florins was 0.15 U.S. dollars per florin.
c. Charles experienced a foreign currency transaction loss on the 100 florins he held during his visit to Canteberry and converted to U.S. dollars at the departure date.
a. To determine the currency exchange rates for each of the cells in the matrix, we can use the given information:
1. Charles exchanged $200 into 1,000 florins at the beginning of his trip.
Exchange rate for buying florins = Amount in local currency / Amount in U.S. dollars
Exchange rate for buying florins = 1000 florins / $200
Exchange rate for buying florins = 5 florins per U.S. dollar
2. Charles exchanged his remaining 100 florins into $15 at the end of his trip.
Exchange rate for selling florins = Amount in U.S. dollars / Amount in local currency
Exchange rate for selling florins = $15 / 100 florins
Exchange rate for selling florins = 0.15 U.S. dollars per florin
The completed matrix would be:
| - | U.S. Dollars ($) | Florins |
| Buying | 1 | 5 |
| Selling | 0.15 | 1 |
b. To discuss whether the U.S. dollar strengthened or weakened relative to the florin during Charles's stay in Canteberry, we compare the exchange rates at the beginning and end of his trip.
If the exchange rate for buying florins (5 florins per U.S. dollar) is higher than the exchange rate for selling florins (0.15 U.S. dollars per florin), it means that the U.S. dollar strengthened relative to the florin during Charles's stay in Canteberry. In other words, Charles could get more florins for each U.S. dollar at the beginning of his trip than he could get U.S. dollars for each florin at the end of his trip.
c. This is because the exchange rate for selling florins (0.15 U.S. dollars per florin) was lower than the exchange rate for buying florins (5 florins per U.S. dollar).
When Charles initially exchanged $200 into 1,000 florins, he got 5 florins per U.S. dollar. However, when he exchanged his remaining 100 florins back into U.S. dollars at the end of his trip, he got only 0.15 U.S. dollars per florin.
To illustrate the transaction:
Initial exchange:
$200 --> 5 florins per U.S. dollar --> 5 florins * 200 = 1,000 florins
Exchange at departure:
100 florins --> 0.15 U.S. dollars per florin --> 100 florins * 0.15 = $15
Charles initially got $200 worth of florins (1,000 florins), but when he converted the remaining 100 florins back into U.S. dollars, he received only $15. This difference of $200 - $15 = $185 represents a foreign currency transaction loss during his trip.
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Kyle actively participates in the rental of a home he owns. Kyle's AGI for the year is $75,000. He has a loss from his rental property of $20,000. How much of the loss can Kyle deduct on his income tax return this year
Answer:
Kyle can deduct $20,000 loss from his income tax return this year.
Explanation:
a) Data:
Kyle's AGI = $75,000
Rental property loss = $20,000
Maximum AGI for maximum loss deduction of $25,000 = $100,000
This is because Kyle's adjusted gross income (AGI) is less than $100,000. The maximum loss deductible for rental income is $25,000.
b) The federal tax law allows for a rental income loss deduction to taxpayers who own and rent property in the U.S. The law stipulates that up to $25,000 may be deducted as a real estate loss per year as long as the individual's adjusted gross income is $100,000 or less.
The Domestic Supply and Demand for SUVs in the United States. Suppose the world price equals $50,000 and there is free trade. The United States would _____ SUVs
Answer: export 6 million
Explanation:
The Export of the United sites, which is the export( movement) of goes and services to other countries either by cargo or air freight, and traded or sold.
Another example of export is America’s shipping Automobiles to other countries for sale. The sales of SUV’s in export would be 6 million. Another example of export is the United States exportation of soya beans.
Dan signs a check payable to Eagle Investors, Inc., and gives it to Eagle, leaving the amount blank but authorizing Eagle to fill in the check for $1,000. Eagle fills in $1,500 and negotiates the check to First State Bank, to whom Eagle owes $1,500. First State, an HDC, can enforce the check for:
Answer:
$1,500
Explanation:
Based on the information given we were told that Eagle fills in the amount of $1,500 instead of the amount of $1,000 which Dan authorize Eagle to fill in which they went ahead to as well negotiates the check payable to First State Bank because Eagle owes First State Bank the amount of $1,500 which means that First State Bank which is an HDC, can enforce the check for the amount of $1,500 which was negotiated by Eagle to First State Bank.
Therefore First State, an HDC, can enforce the check for: $1,500