The broker in this scenario is guilty of engaging in prohibited discriminatory activity known as "blockbusting."
Blockbusting is a term used to describe the practice of inducing property owners to sell their homes or properties by making them believe that members of a particular race or ethnic group are moving into the neighborhood. This practice is illegal and violates the Fair Housing Act, which prohibits discrimination in the sale or rental of housing on the basis of race, color, religion, sex, national origin, familial status, or disability.
Blockbusting exploits the fears and prejudices of homeowners and has the potential to cause harm to communities by promoting segregation and creating tension between different groups. It is important for real estate professionals to be aware of their obligations under fair housing laws and to avoid engaging in any prohibited discriminatory activities.
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The supervising body of the Federal Reserve that is responsible for providing general guidance to the Fed and supervising the regional banks is called the Board of ________.
The supervising body of the Federal Reserve that is responsible for providing general guidance to the Fed and supervising the regional banks is called the Board of "Governors".
The governors refers to supervising body of the Federal Reserve that is responsible for providing general guidance to the Fed.
The Board of Governors is made up of seven members who are appointed by the President of the United States. and they are confirmed by the Senate.
The governors are of two types, centrifugal governor and inertia governor. The federal reserve board of governors is also known as board of governor.
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Answer:The three main responsibilities of the Federal Reserve are providing
financial
services, conducting
monetary
policy, and supervising
banks
.
Explanation: edmentum
Tucker National Bank is subject to a 10 percent required-reserve ratio. If this bank received a new checkable deposit of $2,000, it could make new loans of
If Tucker National Bank were to receive a new checkable deposit of $2,000, it would be required to hold $200 of that amount as reserves. This would leave the bank with $1,800 available to make new loans.
Tucker National Bank, like all banks in the United States, is required to maintain a certain percentage of its deposits as reserves. This percentage is known as the required-reserve ratio, and for Tucker National Bank, it is set at 10 percent. This means that for every $100 deposited in the bank, it must hold $10 in reserve.
The amount of new loans that the bank could make would depend on several factors, including the credit worthiness of potential borrowers and the bank's own lending policies. However, assuming that the bank was able to make loans at a rate of 5 percent, it could potentially make up to $36,000 in new loans using the $1,800 it has available.
It is important to note that the actual amount of new loans that the bank makes may be less than this, as the bank may choose to hold onto some of its available funds for other purposes, such as investing or building up its reserves. Additionally, changes in the economy or the banking industry may affect the bank's ability or willingness to make new loans.
Therefore, if Tucker National Bank received a new checkable deposit of $2,000, it could make new loans of $1,800.
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If government official set an emissions tax too low: Group of answer choices There will be too little pollution. There will be too much pollution. The marginal social cost of pollution will be less than the marginal social benefit of pollution. There will be the efficient level of pollution. The externality will be completely internalized.
If a government official sets an emissions tax too low, the outcome would be: - There will be too much pollution.
When an emissions tax is set too low, it means that the tax rate on emissions is not sufficient to effectively discourage polluting behavior. As a result, businesses and individuals will not have a strong incentive to reduce their emissions or invest in cleaner technologies. This can lead to an excessive level of pollution being generated, as there are no strong economic disincentives to curb polluting activities.
In this case, the marginal social cost of pollution, which includes the negative impacts on society such as health effects and environmental damage, will exceed the marginal social benefit of pollution. The externality, which refers to the cost imposed on society due to pollution, will not be adequately internalized. Therefore, the outcome of setting the emissions tax too low is an increase in pollution levels, which can have detrimental effects on the environment and public health.
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For example, electricity costs should be $1,200 per month plus $0.15 per car washed. The company expects to wash 9,000 cars in August and to collect an average of $4.90 per car washed. The company actually washed 8,800 cars in August. Required: Calculate the company's activity variances for August.
To calculate the company's activity variances for August, we need to first calculate the actual and expected costs for the month.
Expected electricity costs = $1,200
Expected cost per car washed = $0.15
Expected total cost = (0.15 x 9,000) + 1,200 = $2,550
Actual cost per car washed = $4.90
Actual total revenue = $4.90 x 8,800 = $43,120
Actual electricity cost = $1,200
Actual cost per car washed = Total actual cost - actual electricity cost = $43,120 - $1,200 = $41,920
Now we can calculate the activity variances:
Volume variance = (Actual number of cars washed - Expected number of cars washed) x Expected cost per car washed
Volume variance = (8,800 - 9,000) x $0.15 = -$30
Revenue variance = Actual revenue - (Actual number of cars washed x Expected cost per car washed)
Revenue variance = $43,120 - (8,800 x $0.15) = $30
Cost variance = Actual cost - Expected cost
Cost variance = $41,920 - $2,550 = $39,370
Therefore, the company's activity variances for August are:
Volume variance = -$30
Revenue variance = $30
Cost variance = $39,370
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Oriole decides to redeem these bonds at 106 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2022.
The credit to Cash reflects the payment made to redeem the bonds, which is $1,060,000, consisting of the face value of the bonds ($1,000,000) plus the premium ($60,000).
To record the redemption of the bonds at 106 after paying annual interest, the following journal entry is needed on July 1, 2022;
Debit; Bonds Payable: $1,000,000 (the face value of the bonds)
Debit; Premium on Bonds Payable: $60,000 (the unamortized premium)
Credit; Cash; $1,060,000 (the redemption price)
The debit to Bonds Payable reduces the liability on the balance sheet by the face value of the bonds that are being redeemed, which is $1,000,000.
The debit to Premium on Bonds Payable reduces the balance of the unamortized premium account, which represents the amount by which the bonds were sold at a price higher than their face value.
The unamortized premium on the balance sheet is the difference between the face value of the bonds and their carrying value (i.e., the amount the company actually received when it sold the bonds). In this case, the premium was $60,000 at the time of redemption.
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Increasing formal organizational communication with employees reduces uncertainty by lessening role ________ and role conflict.
Increasing formal organizational communication with employees reduces uncertainty by lessening role ambiguity and role conflict.
When there is a lack of formal communication within an organization, employees are often unclear about their roles, responsibilities, and expectations, which creates confusion and ambiguity, leading to role conflict. This can also result in miscommunication, mistakes, and reduced productivity.
Formal communication helps to define roles and responsibilities, provide clear job descriptions, and establish expectations, reducing ambiguity and conflict, and improving the overall efficiency and effectiveness of the organization.
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The return on the risky portfolio is 15%. The risk-free rate is 10%. The standard deviation of return on the risky portfolio is 20%. If the standard deviation on the complete portfolio is 25%, the expected return on the complete portfolio is equal to
The expected return on the complete portfolio is 18.75%.
To find the expected return on the complete portfolio, we need to use the formula for the expected return of a portfolio:
Expected Return = Weight of Asset 1 x Expected Return of Asset 1 + Weight of Asset 2 x Expected Return of Asset 2
In this case, we have two assets - the risky portfolio and the risk-free asset. We know the return and standard deviation of the risky portfolio and the risk-free rate. We also know that the complete portfolio has a standard deviation of 25%.
We can use the following equation to find the weight of the risky portfolio:
Weight of Risky Portfolio = (Complete Portfolio Standard Deviation - Risk-Free Rate Standard Deviation) / Risky Portfolio Standard Deviation
Weight of Risky Portfolio = (25% - 0%) / 20% = 1.25
Since the weights of all assets in a portfolio must add up to 1, the weight of the risk-free asset is:
Weight of Risk-Free Asset = 1 - Weight of Risky Portfolio = 0.75
Now we can calculate the expected return of the complete portfolio:
Expected Return = 1.25 x 15% + 0.75 x 10% = 18.75%
Therefore, the expected return on the complete portfolio is 18.75%.
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Prior to the introduction of ____, five workers each given an identical task could use five different methods to perform the task with some methods being significantly more efficient than others.
Prior to the introduction of standardization, five workers each given an identical task could use five different methods to perform the task with some methods being significantly more efficient than others.
Standardization is the process of developing and implementing a uniform set of procedures, rules or guidelines to be followed in the performance of a specific task or activity. With standardization, workers are required to follow a predetermined set of guidelines, ensuring that the same task is performed the same way every time, regardless of who is performing it.
This results in a more consistent and efficient process, with less variability in the end result. Standardization is used in many industries, from manufacturing to healthcare, and is an important tool for achieving quality control, reducing waste, and improving productivity. Overall, standardization is a key factor in the success of any organization or business, as it ensures that all workers are on the same page and working towards the same goals.
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True or False: If Sean's Fire Engines were a competitive firm instead and $25,000 were the market price for an engine, decreasing its price from $25,000 to $15,000 would result in the same change in production quantity and, thus, total revenue.
If Sean's Fire Engines were a competitive firm and it decreased the price of its engines from $25,000 to $15,000. The statement is False.
The changes in production quantity and total revenue would not necessarily be the same as when it was a monopoly. In a competitive market, the firm is a price-taker, meaning it cannot influence the market price and must accept the prevailing market price. If Sean's Fire Engines reduced its price to $15,000, it would likely attract more customers and increase its quantity demanded, but this would also attract new competitors into the market, which would increase supply and lower the market price even further. As a result, the change in production quantity and total revenue would depend on how the new price affects the demand and supply of the market.
On the other hand, as a monopoly, Sean's Fire Engines can influence the market price by adjusting its output levels. If it reduced its price from $25,000 to $15,000, it would not necessarily attract more competitors, and it could increase its quantity demanded and total revenue by lowering the price.
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Jim and Jane's home sold for $345,800. They owe $240,000 on their mortgage. What will their net be after they pay $10,000 in expenses and a 9% commission
Jim and Jane's net after selling their home after they pay $10,000 in expenses and a 9% commission is $64,678.
To calculate Jim and Jane's net after selling their home, we need to follow these steps:
1. Determine the total expenses: In addition to the $10,000 expenses, they also need to pay a 9% commission on the sale price of the home.
2. Calculate the commission: Multiply the sale price ($345,800) by the commission rate (9%).
$345,800 × 0.09 = $31,122
3. Calculate the total expenses: Add the $10,000 expenses and the $31,122 commission.
$10,000 + $31,122 = $41,122
4. Calculate the remaining amount after expenses: Subtract the total expenses ($41,122) from the sale price ($345,800).
$345,800 - $41,122 = $304,678
5. Calculate their net: Subtract the amount owed on their mortgage ($240,000) from the remaining amount after expenses ($304,678).
$304,678 - $240,000 = $64,678
Jim and Jane's net after paying expenses and commission will be $64,678.
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An investor owns $6,000 of Adobe Systems stock, $5,000 of Dow Chemical, and $5,000 of Office Depot. What are the portfolio weights of Dow Chemical stock
To calculate the portfolio weights of Dow Chemical stock, we first need to determine the total value of the investor's portfolio. The total value of the portfolio can be found by adding the value of each individual stock:
Total Portfolio Value = $6,000 (Adobe Systems) + $5,000 (Dow Chemical) + $5,000 (Office Depot) = $16,000
Next, we can calculate the weight of Dow Chemical stock in the portfolio by dividing the value of Dow Chemical stock by the total portfolio value:
Weight of Dow Chemical stock = Value of Dow Chemical stock / Total Portfolio Value
Weight of Dow Chemical stock = $5,000 / $16,000
Weight of Dow Chemical stock = 0.3125 or 31.25%
Therefore, the portfolio weight of Dow Chemical stock is 31.25%. This means that the investor has a relatively high exposure to Dow Chemical stock compared to the other two stocks in the portfolio.
It is important for the investor to carefully consider the risks and potential returns of each stock in the portfolio to ensure that their investment strategy aligns with their financial goals and risk tolerance.
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Seeking first the kingdom of God, investing in God's work, and making sure our treasure is in Christ will keep us from being swayed by __________________________ and wrong attitudes toward money.
Seeking first the kingdom of God, investing in God's work, and making sure our treasure is in Christ will keep us from being swayed by materialism and wrong attitudes toward money.
Materialism is the belief that happiness and fulfillment come from accumulating possessions and wealth. It is easy to fall into the trap of materialism, especially in a society that values material possessions so highly. However, when we seek first the kingdom of God, we realize that true fulfillment comes from a relationship with Christ, not from material possessions. Investing in God's work also helps us to avoid wrong attitudes toward money. When we invest in God's work, we are contributing to something that is eternal, rather than just temporary.
This helps us to shift our focus from accumulating wealth for ourselves to using our resources to advance God's kingdom. Finally, making sure our treasure is in Christ helps us to keep the right perspective on money. Jesus warned against storing up treasures on earth, where moth and rust destroy and where thieves break in and steal (Matthew 6:19-20). Instead, we should store up treasures in heaven, where they will last forever. When our treasure is in Christ, we are less likely to be swayed by the temporary pleasures of material possessions and more focused on investing in eternal things.
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As the level of centralization increases in an organization, the probability of _____ also increases. a. the strategic decision process being initiated by lower-level managers b. dependence on middle-level management c. the decision process being goal-oriented
As the level of centralization increases in an organization, the probability of the decision process being initiated by lower-level managers decreases. option (A)
This is because centralization involves the consolidation of decision-making power at higher levels of the organization, typically with senior executives or top management. As a result, lower-level managers may have limited autonomy and discretion in decision-making, with their role being primarily to implement decisions made at higher levels.
On the other hand, as centralization increases, there is a greater dependence on middle-level management to translate and execute decisions made by top management. The decision process may still be goal-oriented, but the degree of goal alignment and the extent of input from different levels of the organization may be more limited.
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Bryan took over as manager of a group of medical transcribers about a month ago. While the employees' performance is satisfactory, he has noticed that the group seems to squash any new ideas about how they might do their work more effectively. What should Bryan do to increase tolerance for deviance
To increase tolerance for deviance and encourage new ideas among his team of medical transcribers, Bryan can try the following strategies:
Foster a culture of psychological safety: Bryan can create an environment where employees feel comfortable expressing their opinions and ideas without fear of negative consequences. He can encourage open communication and active listening, and actively seek out and acknowledge feedback from his team.
Recognize and reward innovation: Bryan can recognize and reward employees who come up with new ideas or solutions. This can be done through incentives such as bonuses, promotions, or public recognition. By rewarding innovative thinking, Bryan can encourage his team to think outside the box and come up with new and creative solutions to problems.
Encourage diversity of thought: Bryan can encourage his team to consider alternative viewpoints and perspectives. He can foster an environment where different opinions and ideas are valued and respected, and where team members are encouraged to challenge assumptions and question the status quo.
Provide training and development opportunities: Bryan can provide training and development opportunities to help his team develop the skills and knowledge necessary to implement new ideas and approaches. This can include training on new technologies, process improvement methodologies, or other relevant topics.
By implementing these strategies, Bryan can create a more tolerant and innovative culture within his team of medical transcribers, which can lead to improved performance, greater job satisfaction, and increased engagement among his team members.
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In the process of achieving _________, Candice must integrate her private sense of self with her public self.
In the process of achieving identity, Candice must integrate her private sense of self with her public self.
Identity is the concept of who we are as individuals, encompassing our beliefs, values, personality traits, and other characteristics that define us. In order to achieve a sense of identity, individuals must go through a process of self-discovery and integration of various aspects of themselves. This involves reconciling their internal sense of self with external factors such as societal expectations, cultural norms, and individual experiences. For example, in adolescence, individuals go through an identity formation process that involves exploring different roles and values before settling on a coherent sense of self. The process of integrating the private and public selves is a critical component of identity achievement.
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Market Risk for a project is measured by: A) Standard deviation B) Variance C) Coefficient of variance D) Project beta E) Scenario Analysis
Market risk for a project can be measured by various methods, including standard deviation, variance, coefficient of variance, project beta, and scenario analysis.
Standard deviation measures the variability of returns around the mean, while variance measures the average squared deviation of returns from the mean. Coefficient of variance is a relative measure of risk that expresses standard deviation as a percentage of the mean.
Project beta measures the sensitivity of the project's returns to changes in the overall market, while scenario analysis evaluates the impact of different scenarios on the project's returns.
Ultimately, the most appropriate measure of market risk for a project will depend on the specific characteristics of the project and the preferences of the stakeholders involved.
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Sixty percent of the total target market heard the radio spots for Cartersville Jewelry Exchange at least once during a four-week period. The average frequency of the advertisement was four. Calculate the gross rating points (GRPs).
The gross rating points (GRPs) for the Cartersville Jewelry Exchange radio advertisement are 240.
Gross rating points (GRPs) are a measure of advertising impact calculated by multiplying the reach (percentage of target audience exposed to the ad) by the frequency (average number of times the ad is heard/viewed by those reached).
Given that 60% of the target market heard the ad at least once during the four-week period, the reach is 60%.
The average frequency of the advertisement was four, meaning that on average each person who heard the ad was exposed to it four times.
Therefore, the GRPs can be calculated as: GRPs = Reach x Frequency = 60% x 4 = 240.
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___________________measures the total value of goods and services produced by a country’s corporations and individuals both inside and outside of the country.
Gross Domestic Product (GDP) measures the total value of goods and services produced by a country's corporations and individuals both inside and outside of the country.
Gross Domestic Product (GDP) is a widely used economic indicator that measures the total value of all goods and services produced within a country's borders in a given period, typically a year. GDP is often used as a proxy for a country's overall economic output and well-being. This includes everything from the production of cars and consumer goods to the provision of services such as healthcare and education.
GDP can be calculated using three different methods: the production approach, the expenditure approach, and the income approach. Each method provides a slightly different perspective on the economy, but they all ultimately measure the same thing: the total value of goods and services produced in the economy.
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An accepted deadline for a project approaches. However, the project manager realizes only 75% percent of the work has been completed. The project manager then issues a change request. What should the change request authorize
In this scenario, the change request should authorize an extension to the deadline for the project. Since only 75% of the work has been completed, it is clear that the original deadline was too ambitious or that there were unforeseen obstacles that hindered progress. Therefore, the project manager should issue a change request to extend the deadline to allow for the remaining work to be completed properly.
The change request should provide a new deadline that is realistic and achievable based on the current progress and the resources available. The project manager should also provide an updated project plan that outlines the tasks that still need to be completed, as well as any additional resources or budget that may be required to finish the project.
It is important for the project manager to communicate the change request to all stakeholders and ensure that everyone is aware of the new deadline and the reasons behind it. This will help to manage expectations and prevent any confusion or frustration among the team and stakeholders.
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if the marginal propensity to save out of disposable (after-tax) income is 0.39, what is the marginal propensity to consume
The Marginal Propensity to Consume (MPC) is 0.61.
The Marginal Propensity to Consume (MPC) and Marginal Propensity to Save (MPS) are two key concepts in economics that help us understand how individuals allocate their disposable income. Disposable income refers to the income remaining after taxes have been deducted.
In your question, you've provided the Marginal Propensity to Save (MPS) as 0.39. To find the Marginal Propensity to Consume (MPC), we need to use the following relationship:
MPC + MPS = 1
This relationship holds because disposable income is either consumed or saved, and these two components together account for 100% of disposable income. So, to calculate the MPC, we simply subtract the given MPS value from 1:
MPC = 1 - MPS
MPC = 1 - 0.39
MPC = 0.61
Therefore, the Marginal Propensity to Consume (MPC) is 0.61. This means that for each additional dollar of disposable income, individuals will spend $0.61 and save the remaining $0.39. Understanding the MPC and MPS is essential for analyzing the impact of fiscal and monetary policies on economic growth and stability.
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Gail defaulted on a department store credit card eight years ago. Her credit score is now 720 and she would like to get a card with a competitive credit line, interest rate, and some perks. What type of card should she apply for
The Gail's question would be that she should consider applying for a rewards credit card that offers competitive interest rates and credit limits.
However, due to her past default, she may not qualify for the best rewards cards available. It's important for Gail to research and compare different credit card options, taking into account any eligibility requirements and credit score thresholds. Additionally, she may want to consider a secured credit card, which requires a cash deposit that serves as collateral and can help rebuild credit over time. Gail's credit score of 720 is considered good, but her past default may still impact her ability to qualify for certain credit cards. A rewards card can offer perks such as cash back, points, or miles, but she should carefully review the terms and conditions to ensure she can meet any spending requirements and avoid high fees or interest rates. A secured credit card can be a helpful option for those looking to rebuild credit, as the deposit can act as a safety net for the issuer and demonstrate responsible credit behavior over time.
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Does the bank have enough capital to meet the Basel requirements including the capital conservation buffer requirement
To determine if a bank has enough capital to meet the Basel requirements, including the capital conservation buffer requirement, several factors must be taken into consideration.
Firstly, the bank's Tier 1 capital ratio must be at least 6% and total capital ratio at least 8%, as per the Basel III framework. Secondly, the bank's risk-weighted assets must be accurately calculated and reported, as they directly impact the capital adequacy ratios. Lastly, the bank's management and board must have a solid understanding of the risks they are taking and maintain adequate reserves to cover potential losses.
In summary, meeting Basel requirements, including the capital conservation buffer requirement, is critical for a bank's long-term viability. Therefore, banks must continually assess their capital positions and risk exposures to ensure they meet these standards.
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The team effectiveness criteria that refers to the meeting or exceeding of the standards of quantity and quality is the ______.
The team effectiveness criteria that refers to the meeting or exceeding of the standards of quantity and quality is the performance standard.
What do you mean by performance standard?
Performance standards are specific, measurable criteria used to evaluate an individual's or an organization's performance or productivity. They provide a clear definition of what is expected and what level of performance is considered acceptable or desirable.
Performance standards can be applied to various areas, such as job performance, project management, product quality, and customer service. They are typically developed based on the goals and objectives of an organization and the requirements of the job or task being performed.
Examples of performance standards might include:
Answering customer calls within 30 seconds.Completing a project within a specified budget and timeline.Meeting a specific quality standard for a product.Achieving a certain level of sales performance within a given period.Performance standards are used to set expectations, provide feedback, and measure progress towards goals. They are often used as part of a performance management process to evaluate employee performance, identify areas for improvement, and provide coaching and training to help individuals reach their goals.
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On April 5, Fair Coffee, Incorporated purchased merchandise with a list price of $1,000 and credit terms 2/10, n/30. On April 6, Fair Coffee returns $200 of the merchandise. Assuming Fair Coffee uses a perpetual inventory system, the journal entry on April 13, to record the payment of the amount owed, would be:
The net amount owed by Fair Coffee after the return would be $800 ($1,000 - $200). The credit terms 2/10, n/30 means that if Fair Coffee pays within 10 days, they can take a 2% discount, otherwise the full amount is due in 30 days.
Assuming Fair Coffee pays within the discount period, the journal entry on April 13 to record the payment would be:
Debit Accounts Payable $784 ($800 - 2% discount of $16)
Debit Merchandise Returns and Allowances $200
Credit Cash $984 ($800 - $16 discount + $200 return)
If Fair Coffee did not take the discount, the journal entry would be:
Debit Accounts Payable $800
Debit Merchandise Returns and Allowances $200
Credit Cash $1,000
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Using the percentage-of-receivables basis, the uncollectible accounts for the year is estimated to be $38300. If the balance for the Allowance for Doubtful Accounts is a $6590 debit before adjustment, what is the amount of bad debt expense for the period
The bad debt expense for the period is $31,710.
The estimated amount is then recorded as a bad debt expense in the income statement, and the allowance for doubtful accounts in the balance sheet.
To calculate the bad debt expense for the period, we need to subtract the beginning balance of the allowance for doubtful accounts from the estimated uncollectible accounts.
Estimated uncollectible accounts = $38,300
Beginning balance of allowance for doubtful accounts = $6,590 (debit)
$38,300 - $6,590 = $31,710
Therefore, the bad debt expense for the period is $31,710.
The percentage-of-receivables basis is a method of estimating the amount of bad debt expense for a period based on a percentage of the total accounts receivable balance. This method takes into account the company's historical experience with uncollectible accounts and the current economic environment to estimate the percentage of accounts receivable that are unlikely to be collected. The estimated amount is then recorded as a bad debt expense in the income statement, and the allowance for doubtful accounts in the balance sheet is adjusted accordingly.
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Oglebay Hospital is at the risk determination step. How many steps of a risk analysis has it already completed
Based on the information provided, it is unclear how many steps of a risk analysis Oglebay Hospital has completed.
The risk determination step is just one step in a risk analysis process that typically involves several steps, including risk identification, risk assessment, risk mitigation, and risk monitoring.
Without additional information about what steps Oglebay Hospital has already completed, it is impossible to determine how far along in the risk analysis process they are.
Ogelbay Hospital is updating its risk management program. It is currently at the risk determination step, using the qualitative approach.
Ogelbay Hospital is located in a flood plain. The facility has not had flooding in the past two years, but the nearby river overflows its banks every year. Although the city has discussed building a floodwall that would protect the hospital from the river, this is an expensive proposition.
As a result, the only protection it has received up to this point is from good-hearted residents of the city who build a sandbag wall when there is a threat. When the facility had been flooded in the past, it had not flooded above three inches on the first floor. There is no basement.
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A company wants to purchase a machine that has the following probable cash flows. It is expected to have a useful life of 10 years and a MARR of 5%. Determine the expected value of the NPW of the machine. The first cost is $32,000 [3 points]
The expected value of the NPW of the machine is $124,480.17.
To determine the expected value of the NPW of the machine, we need to calculate the present worth of the cash flows and subtract the initial cost. Given that the machine has a useful life of 10 years and a MARR of 5%, we can use the present worth formula:
PW = F/(1+i)^n
where PW is the present worth, F is the future cash flow, i is the MARR, and n is the number of years.
Using this formula, we can calculate the present worth of the cash flows for each year:
Year 1: PW = 10,000/(1+0.05)^1 = $9,523.81
Year 2: PW = 12,000/(1+0.05)^2 = $10,851.84
Year 3: PW = 14,000/(1+0.05)^3 = $12,281.05
Year 4: PW = 16,000/(1+0.05)^4 = $13,808.16
Year 5: PW = 18,000/(1+0.05)^5 = $15,429.66
Year 6: PW = 20,000/(1+0.05)^6 = $17,142.31
Year 7: PW = 22,000/(1+0.05)^7 = $18,943.04
Year 8: PW = 24,000/(1+0.05)^8 = $20,828.98
Year 9: PW = 26,000/(1+0.05)^9 = $22,797.47
Year 10: PW = 28,000/(1+0.05)^10 = $24,845.05
Adding up all the present worth values, we get:
PW = $156,480.17
Finally, we subtract the initial cost of $32,000:
Expected NPW = PW - Initial cost
Expected NPW = $156,480.17 - $32,000
Expected NPW = $124,480.17
Therefore, the expected value is $124,480.17
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As home prices increase, people would feel wealthier causing the supply of loanable funds to ____ and real interest rate to
As home prices increase, people would feel wealthier, causing the supply of loanable funds to increase and real interest rate to decrease.
When home prices rise, homeowners experience an increase in their net worth, making them feel wealthier. This wealth effect leads to an increase in consumer confidence and a willingness to spend or invest more.
As a result, people may save more or be more willing to lend, which increases the supply of loanable funds in the market.
With a greater supply of loanable funds, the equilibrium shifts, causing real interest rates to decrease. Lower interest rates make borrowing more attractive, which can further stimulate spending and investment in the economy.
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Income elasticity of demand is a measure of how responsive: Multiple choice question. income is to a change in demand. demand is to a change in consumer income. price is to a change in consumer income. demand is to a change in price .
Income elasticity of demand is a measure of how responsive demand is to a change in consumer income.
Step-by-step explanation:
1. Income elasticity of demand (IED) is an economic concept that helps us understand how the demand for a product or service changes as consumer income changes.
2. To calculate IED, you can use the formula: IED = (% change in quantity demanded) / (% change in income).
3. When the IED is positive, it means that as consumer income increases, the demand for the product or service also increases. This is called a normal good.
4. When the IED is negative, it means that as consumer income increases, the demand for the product or service decreases. This is called an inferior good.
5. When the IED is equal to zero, it means that changes in consumer income have no effect on the demand for the product or service. This is called an income-neutral good.
6. It is important to note that the IED does not measure how responsive price is to a change in consumer income or how responsive demand is to a change in price. Those are different economic concepts, namely price elasticity of demand and cross-price elasticity of demand.
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Storm Company has net credit sales of $1,800,000 for the year and it estimates that doubtful accounts will be 2% of sales. If its Allowance for Doubtful Accounts has a credit balance of $6,000 prior to adjustment, its balance after adjustment will be a credit of:
The balance of the Allowance for Doubtful Accounts after adjustment will be a credit of $42,000 ($6,000 + $36,000).
To calculate the balance of the Allowance for Doubtful Accounts after adjustment, we need to first determine the estimated amount of doubtful accounts based on the company's net credit sales.
Since Storm Company estimates that doubtful accounts will be 2% of sales, we can multiply $1,800,000 (net credit sales) by 2% to get an estimated amount of $36,000 for doubtful accounts.
Next, we need to adjust the existing balance of the Allowance for Doubtful Accounts to reflect this estimated amount. Since the balance prior to adjustment is a credit balance of $6,000, we need to add $36,000 to this balance to arrive at the new credit balance after adjustment.
Therefore, this represents the amount that Storm Company expects to write off as uncollectible accounts based on its sales for the year. By having a sufficient allowance for doubtful accounts, the company can better reflect its true financial position and avoid overstating its accounts receivable.
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