Policies that have been created by banks and other mortgage lenders can create barriers for financing among African Americans. What set of policies has been a source of concern since the 1990s

Answers

Answer 1

Redlining policies have created barriers for African Americans seeking financing, resulting in limited access to credit and homeownership opportunities, and contributing to the racial wealth gap.

One set of policies that have been a source of concern for African Americans seeking financing since the 1990s is redlining. Redlining refers to the practice of denying or limiting financial services to certain neighborhoods based on their racial or ethnic composition.

In the past, banks and other mortgage lenders would draw literal red lines on maps to indicate which areas were considered too risky to lend in. This practice disproportionately affected African American neighborhoods, resulting in a lack of access to credit and limited opportunities for home ownership.

Despite the passage of the Fair Housing Act in 1968, which made redlining illegal, studies have shown that discriminatory lending practices continue to exist. In recent years, there have been lawsuits and investigations into major banks for allegedly engaging in discriminatory practices, such as charging higher interest rates and fees to African American borrowers or steering them toward subprime loans.

These policies have contributed to the racial wealth gap in the United States, as African Americans have historically been denied the opportunity to build wealth through home ownership and other means of asset accumulation.

To learn more about the wealth gap

https://brainly.com/question/30185865

#SPJ4


Related Questions

One year ago, you purchased a 6 percent coupon bond with a face value of $1,000 when it was selling for 98.6 percent of par. Today, you sold this bond for 101.2 percent of par. What is your total dollar return on this investment?

Answers

The total dollar return on this investment over the year is $86.

To calculate the total dollar return on this investment, we need to consider two components: the income return (from the coupon payments) and the capital gain/loss (from the change in the bond's price).

1. Let's calculate the price you paid for the bond one year ago:

98.6% of $1,000 = $986

2. Let's calculate the coupon payments you received over the year:

6% of $1,000 = $60

Since this is a 6 percent coupon bond, we can assume that the coupon payments were made semi-annually (twice a year). So, you would have received two payments of $30 each.

3. Now, let's calculate the price you sold the bond for today:

101.2% of $1,000 = $1,012

4. Finally, let's calculate the total dollar return on this investment:

Total dollar return = Income return + Capital gain/loss

Income return = coupon payments received = $60

Capital gain/loss = selling price - purchase price = $1,012 - $986 = $26

Therefore, the total dollar return on this investment is:

$60 + $26 = $86

So, you earned a total return of $86 on this investment over the year.

Learn more about Return:

https://brainly.com/question/28165464

#SPJ11

Assume that Beavis recognizes revenue on this contract over time according to percentage of completion. Prepare all journal entries to record costs, billings, collections, and profit recognition.

Answers

Beavis should prepare several journal entries to record the costs, billings, collections, and profit recognition related to the contract.


1. To record the costs incurred on the contract, Beavis should debit the Construction in Process account and credit the corresponding expense accounts such as labor, materials, and subcontractors.

2. To record the billings made to the customer, Beavis should debit the Accounts Receivable account and credit the Contract Billings account.

3. To record the collections received from the customer, Beavis should debit the Cash account and credit the Accounts Receivable account.

4. To recognize the profit on the contract, Beavis should calculate the percentage of completion and then apply that percentage to the total estimated profit. The resulting amount should be debited to the Construction in Process account and credited to the Profit on Contract account.

Overall, these journal entries help Beavis keep track of the financial transactions related to the contract and ensure accurate reporting of revenue and expenses over time.

To know more about billings,, visit:

https://brainly.com/question/16405660

#SPJ11

Blossom Corporation acquired a patent on May 1, 2020. Blossom paid cash of $77000 to the seller. Legal fees of $1000 were paid related to the acquisition. What amount should be debited to the patent account

Answers

The total cost of acquiring the patent would be $78000 ($77000 cash paid to the seller + $1000 legal fees). Therefore, the amount that should be debited to the patent account would be $78000.

When a company acquires a patent, it needs to record the cost of acquiring the patent on its balance sheet. The cost of acquiring a patent includes the cash paid to the seller and any legal fees incurred in the process.In this case, Blossom Corporation paid $77,000 in cash to the seller and $1,000 in legal fees. Therefore, the total cost of acquiring the patent is $78,000 ($77,000 + $1,000).To record the acquisition of the patent in the accounting records, the company should debit the patent account for $78,000 and credit the cash account for $77,000 and the legal fees account for $1,000.

It's important to record the patent at its cost, as this represents the value of the asset to the company. The patent will be amortized over its useful life, and the amortization expense will be recorded in the company's income statement over time.

Learn more about Blossom Corporation here:https://brainly.com/question/22076581

#SPJ11

________ is a quantitative tool to aid in making decisions concerning how well a process is performing.

Answers

Process capability is a quantitative tool that helps in making decisions about how well a process is performing. It is a statistical measure that compares the variability of a process with a set of predefined specifications or requirements.

Process capability is used to determine if a process is capable of producing output that meets customer requirements or if it needs to be improved to reduce defects, errors, or waste.

Process capability is typically expressed in terms of a capability index or ratio, such as Cp or Cpk. These indices compare the spread of the process output to the width of the specification limits to determine if the process is capable of producing output within the specified range. A high value of Cp or Cpk indicates that the process is capable of meeting customer requirements, while a low value indicates that the process needs improvement.

Process capability can be used in a wide range of industries and applications, including manufacturing, healthcare, and service industries. It can help managers and decision-makers to identify opportunities for process improvement, reduce costs, and increase customer satisfaction.

Learn more about capability  here:

https://brainly.com/question/15800506

#SPJ11

For Held-to-Maturity investments in debt securities, the investor company is required to disclose both the aggregate fair value of the investment and also the change in the net unrealized holding gains or loss to be included in the income statement. True False

Answers

False. For Held-to-Maturity investments in debt securities, the investor company is not required to disclose the aggregate fair value of the investment or the change in net unrealized holding gains or loss in the income statement.

These investments are recorded at amortized cost, and any changes in fair value are recognized in the balance sheet as an adjustment to the carrying value of the investment. However, if the company decides to sell the investment before maturity, any difference between the carrying value and the selling price would be recognized as a gain or loss in the income statement. It is important to note that this treatment is different from other types of income , such as Available-for-Sale securities or Trading securities, where changes in fair value are recognized in the income statement as unrealized gains or losses.

Learn more about income here

https://brainly.com/question/28390284

#SPJ11

___ is an activity or material that acts as a direct inducement, offering added value or incentive for a product to resellers, salespeople, or consumers.

Answers

The term you are referring to is known as a "sales promotion." This marketing strategy is used to increase the demand for a product by providing an additional incentive to purchase.

Sales promotions can take many forms, such as discounts, coupons, free samples, contests, or loyalty programs. They are designed to provide added value to customers or offer an inducement to resellers or salespeople to promote the product. Sales promotions are often used in conjunction with other marketing strategies, such as advertising or personal selling, to maximize the impact on the target audience. The goal of a sales promotion is to encourage customers to make a purchase, either by providing a financial incentive or by offering a unique experience. In conclusion, a sales promotion is an activity or material that acts as a direct inducement, offering added value or incentive for a product to resellers, salespeople, or consumers. By providing an extra incentive, a sales promotion can help increase sales and build brand loyalty.

learn more about sales promotion here:

https://brainly.com/question/13975307

#SPJ11

The Green Shoe provision is used to: O provide funding to investment bankers for unsold shares. O reduce the number of shareholders. O provide additional reward to investment bankers for a risky issue. address unsold shares. O cover oversubscriptions.

Answers

The Green Shoe provision is used to address unsold shares. The correct answer is D.

The Green Shoe provision is used to cover oversubscriptions. Therefore, correct option is d. cover oversubscriptions.

 The Green Shoe Provision used for:

The Green Shoe provision is used to cover oversubscriptions. This provision allows underwriters to issue additional shares, up to a certain percentage, if the initial public offering (IPO) is oversubscribed. By doing so, it helps stabilize the price of the stock in the aftermarket and provides additional funding to the issuing company.

The provision can be used to cover oversubscriptions, where there is more demand for shares than there are shares available. It does not reduce the number of shareholders, nor is it used to provide additional reward to investment bankers for a risky issue. Therefore, correct option is d. cover oversubscriptions.

To know more about Green Shoe provision.

visit:

https://brainly.com/question/29824005

#SPJ11

Avelo incorporated had the following operated results for the past year. sales = $22,619 depreciation = $1,400 interest expense = $1,128 costs = $16,535. The tax rate for the year was 21 percent. What is the company's operating cash flow.

Answers

Avelo Incorporated's operating cash flow for the past year was $2,804.84. This means the company generated a positive cash flow from its operations, which is a good sign for the company's financial health.

To calculate Avelo Incorporated's operating cash flow, we need to use the formula: Operating Cash Flow = Sales - Costs - Depreciation +/- Changes in Working Capital - Taxes.
Using the given figures, we can calculate Avelo Incorporated's operating cash flow as follows:
Operating Cash Flow = $22,619 - $16,535 - $1,400 - $1,128 - ($22,619 - $16,535 - $1,400 - $1,128) x 21%
= $3,556 - ($3,556 x 0.21)
= $2,804.84
Therefore, Avelo Incorporated's operating cash flow for the past year was $2,804.84. This means the company generated a positive cash flow from its operations, which is a good sign for the company's financial health. Operating cash flow is a crucial metric for a company as it indicates whether the business is generating enough cash from its core operations to fund its ongoing expenses and investments. A positive operating cash flow also shows that the company has enough cash to pay dividends to shareholders, repay debt, and invest in growth opportunities.

Learn more about cash flow here

https://brainly.com/question/735261

#SPJ11

In the immediate short run, ______ fixed due to the firms commitment to customers to supply whatever quantity is demanded at listed price.

Answers

In the immediate short run, the supply of goods or services is typically considered to be fixed due to the firms commitment to customers to supply whatever quantity is demanded at listed price.

In the immediate short run, the supply of goods or services is typically considered to be fixed due to the firm's commitment to its customers to supply whatever quantity is demanded at the listed price. This commitment is typically made in the form of contracts or agreements, which are binding and enforceable.

For example, a company may enter into a contract with a customer to supply a certain quantity of goods over a specified period of time. The terms of the contract may specify the price at which the goods will be sold, as well as the delivery schedule and other terms and conditions.

Once the contract is in place, the firm is obligated to supply the goods at the agreed-upon price, regardless of changes in market conditions or production costs.

This commitment to fixed supply in the immediate short run can create challenges for firms, particularly if demand for their products suddenly increases or decreases. In such situations, the firm may struggle to meet demand or may find itself with excess inventory that it cannot sell at the agreed-upon price.

To manage these risks, firms may employ various strategies, such as maintaining buffer stocks of inventory, adjusting prices or delivery schedules, or renegotiating contracts with customers.

For more such questions on customers visit:

https://brainly.com/question/24553900

#SPJ11

First National Bank of Hamsterville has a reserve requirement of 5\%5%5, percent. It currently has \$400{,}000$400,000dollar sign, 400, comma, 000 in checking deposits, \$100{,}000$100,000dollar sign, 100, comma, 000 in savings deposits, and has made \$40{,}000$40,000dollar sign, 40, comma, 000 in loans to businesses How much is the bank required to keep in reserves

Answers

The amount that First National Bank of Hamsterville is required to maintain in reserves is $25,000 - $40,000 = -$15,000, indicating a shortfall that requires corrective action.

To determine the amount that First National Bank of Hamsterville is required to maintain in reserves, we need to use the reserve requirement ratio of 5%. The reserve requirement is the amount of money that a bank must hold in reserve, as a percentage of its deposits, to ensure that it can meet the demands of its depositors.

First, we need to calculate the total deposits of the bank, which is the sum of checking and savings deposits. Therefore, the total deposits of the bank are $400,000 + $100,000 = $500,000.

Next, we need to calculate the required reserves, which is the amount of money the bank must hold in reserve. The required reserves are calculated as the product of the reserve requirement ratio and the total deposits. Therefore, the required reserves are 5% x $500,000 = $25,000.

Finally, we need to subtract the loans made by the bank from the required reserves to obtain the final amount that the bank is required to maintain in reserves. Therefore, the amount that First National Bank of Hamsterville is required to maintain in reserves is $25,000 - $40,000 = -$15,000.

Since the result is negative, it indicates that the bank does not have enough reserves to meet the reserve requirement. In such a situation, the bank may need to borrow money from other banks or take other measures to increase its reserves to meet the reserve requirement.

To learn more about reserves

https://brainly.com/question/30175311

#SPJ4

Complete question:

What is the amount that First National Bank of Hamsterville is required to maintain in reserves, given that it has $400,000 in checking deposits, and $100,000 in savings deposits, and has made $40,000 in loans to businesses, with a reserve requirement of 5 percent?

In the council-manager form of city government, the mayor is ____________ and the manager is ___________.

Answers

In the council-manager form of city government, the mayor is primarily a ceremonial figurehead and serves as the presiding officer of the city council. The mayor does not have executive authority and cannot make decisions on their own. Instead, the manager is the chief executive officer of the city and is responsible for managing the day-to-day operations of the city.

The manager is appointed by the city council and is responsible for implementing the policies and decisions made by the council. The manager also oversees the city's budget, hires and supervises staff, and serves as the city's chief advisor. The council-manager form of government is designed to separate politics from administration and to provide professional management of local government.


In the council-manager form of city government, the mayor is typically a ceremonial leader and the manager is an appointed professional administrator. In this system, the mayor's role includes representing the city, presiding over council meetings, and serving as a spokesperson for the community. However, the mayor has limited powers and does not directly manage the city's day-to-day operations.

Instead, the manager is responsible for executing policies, managing city staff, and overseeing city services. The manager is hired by the city council to ensure a professional and efficient administration. Overall, the council-manager form emphasizes efficient management and clear separation between policy-making and administration.

To know more about city council, visit:

https://brainly.com/question/21283838

#SPJ11

An oligopolistic market structure is distinguished by several characteristics, one of which is either homogeneous or differentiated products. What are some other characteristics of this market structure

Answers

In addition to homogeneous or differentiated products, some other characteristics of an oligopolistic market structure include Few large firms, Barriers to entry, and Mutual interdependence.

An oligopolistic market structure is one where a small number of large firms dominate the market and have significant market power. These firms often sell either the same or different products and face high barriers to entry, making it difficult for new firms to enter the market. Firms in an oligopoly are interdependent and engage in strategic behavior to maximize profits and maintain their market power. Non-price competition, such as advertising and product differentiation, is common, and prices tend to be relatively stable and rigid.

Learn more about oligopolistic market structure here:

https://brainly.com/question/16038109

#SPJ11

The warranty you receive in the box with your new tablet is a(n) express warranty. commercial warranty. uniform warranty. implied warranty.

Answers

The warranty you receive in the box with your new tablet is a uniform warranty. The warranty of express uniform commercial code warranty of merchantability and the warranty of fitness are implied in contracts for the sale of products.

The warranty of merchantability ensures that the products are suitable for their intended use and of a calibre that is customary for products of that kind. A promise that the goods are appropriate for a particular use that the buyer has in mind and that the supplier is aware of is known as a warranty of fitness for a particular purpose. For conducting business, there is a standardised set of laws and rules known as the Uniform Commercial Code (UCC). Because it was become more and more challenging for businesses to conduct business across state borders due to the numerous state laws, the UCC code was created in 1953.

To know more about Uniform commercial code visit:

https://brainly.com/question/31201077

#SPJ4

Nick's Enchiladas has preferred stock outstanding that pays a dividend of $4 at the end of each year. The preferred sells for $50 a share. What is the stock's required rate of return (assume the market is in equilibrium with the required return equal to the expected return)

Answers

the stock's required rate of return is 8%.Nick's Enchiladas has preferred stock outstanding that pays a dividend of $4 at the end of each year. The preferred sells for $50 a share.

To calculate the stock's required rate of return, we need to use the dividend discount model, which is:

Required Rate of Return = Dividend / Stock Price

In this case, the dividend is $4, and the stock price is $50. Therefore, the required rate of return is:

Required Rate of Return = $4 / $50 = 0.08 or 8%

The required rate of return is the minimum return an investor expects to receive for investing in a particular stock. It is also known as the discount rate or the opportunity cost of capital. In other words, it represents the return an investor could earn by investing in an alternative investment with a similar level of risk.

The dividend discount model is a popular method used to calculate the required rate of return for a stock. It assumes that the stock's value is equal to the present value of its future dividend payments. By rearranging the formula for the dividend discount model, we can solve for the required rate of return.

Learn more about stock's  here:

https://brainly.com/question/31476517

#SPJ11

Yum! Brands, Inc. has the following receivables and payables denominated in foreign currencies, prior to closing on December 31. The spot rates at December 31 are also given. Item Current $ balance FC balance December 31 spot rate 1. Receivable $65,000 1,000,000 Mexican pesos $0.06 2. Receivable 165,000 225,000 Canadian dollars 0.75 3. Payable 556,000 400,000 Jordan dinar 1.41 4. Payable 56,000 200,000 Saudi Arabian riyal 0.27 Required Prepare the adjusting entry recorded by Yum! Brands at December 31. Description Debit Credit Answer Answer 0 Answer 0 Answer Answer 0 Answer 0 Accounts payable Answer 0 Answer 0

Answers

The company recorded a net foreign exchange loss of $277,454, which reflects the impact of fluctuations in exchange rates on the company's foreign currency-denominated receivables and payables.

Yum! Brands, Inc. is a multinational corporation that conducts business in different countries and currencies. As a result, the company has foreign currency-denominated receivables and payables that are subject to fluctuations in exchange rates. To account for these fluctuations, Yum! Brands must make an adjusting entry at the end of each accounting period.

Receivable: The receivable denominated in Mexican pesos has a balance of 1,000,000 pesos, which is equivalent to $65,000 at the current exchange rate of $1 = 15.38 pesos. However, at the December 31 spot rate of $1 = 0.06 pesos, the receivable is now worth $60,000 ($1,000,000 x 0.06). Therefore, Yum! Brands must record an adjusting entry to decrease the value of the receivable by $5,000.

Receivable: The receivable denominated in Canadian dollars has a balance of 225,000 Canadian dollars, which is equivalent to $165,000 at the current exchange rate of $1 = 1.36 Canadian dollars. However, at the December 31 spot rate of $1 = 0.75 Canadian dollars, the receivable is now worth $168,750 (225,000 x 0.75). Therefore, Yum! Brands must record an adjusting entry to increase the value of the receivable by $3,750.

Payable: The payable denominated in Jordan dinar has a balance of 400,000 dinars, which is equivalent to $556,000 at the current exchange rate of $1 = 0.719 dinars. However, at the December 31 spot rate of $1 = 1.41 dinars, the payable is now worth $283,546 (400,000 x 1.41). Therefore, Yum! Brands must record an adjusting entry to decrease the value of the payable by $272,454.

Payable: The payable denominated in Saudi Arabian riyal has a balance of 200,000 riyals, which is equivalent to $56,000 at the current exchange rate of $1 = 3.57 riyals. However, at the December 31 spot rate of $1 = 0.27 riyals, the payable is now worth $74,074 (200,000 x 0.27). Therefore, Yum! Brands must record an adjusting entry to increase the value of the payable by $18,074.

Therefore, the adjusting entry recorded by Yum! Brands on December 31 would be:

Debit: Foreign exchange loss - $5,000

Debit: Foreign exchange gain - $18,074

Credit: Foreign exchange gain - $3,750

Credit: Foreign exchange loss - $272,454

To learn more about foreign exchange

https://brainly.com/question/31038127

#SPJ4

What would be the increase in earnings that the lessor would report in its income statement for the year ended December 31, 2016 (ignore taxes)

Answers

To determine the increase in earnings that the lessor would report in its income statement for the year ended December 31, 2016, we need to consider the lease accounting standards. Under the new lease accounting standard, ASC 842, the lessor would recognize lease income on a straight-line basis over the lease term.

Assuming that the lessor is using the straight-line method to recognize lease income, the increase in earnings would be equal to the total lease income for the year ending December 31, 2016.

To calculate the total lease income, we need to know the lease term, the lease B, and any incentives received. Let's assume that the lease term is 5 years, the lease payments are $10,000 per year, and the lessor received a $2,000 incentive at the inception of the lease.

Using the straight-line method, the lessor would recognize a lease income of $2,400 per year (($10,000 lease payments - $2,000 incentive) / 5 years). Therefore, the total lease income for the year ended December 31, 2016, would be $2,400.


1. Identify the revenue from the lease for the year ending December 31, 2016. This should include any base rent, percentage rent, or other lease-related income.
2. Determine the total expenses related to the leased property for the year ended December 31, 2016. This may include property maintenance costs, depreciation, insurance, and any other relevant expenses.
3. Calculate the net earnings from the lease agreement by subtracting the total expenses (step 2) from the total revenue (step 1).
4. Compare the net earnings from the lease aggrement for the year ended December 31, 2016, to the net earnings from the lease agreement for the previous year (assuming there was a previous year). The difference between the two is the increase in earnings that the lessor would report in its income statement for the year ended December 31, 2016 (ignoring taxes).

By following these steps, you can calculate the increase in earnings for the lessor to report in their income statement.

To know more about earning here:

https://brainly.com/question/31280058

#SPJ11

The city is issuing bonds to raise money for a building project. You obtain a $1200 bond that pays 5% interest annually that matures in 7 years. How much interest will you earn

Answers

You will earn $420 in interest over the 7-year period.

Interest earned is the sum of interest from investments that make regular, required payments to the holder. For instance, money placed in an interest-bearing bank account or a certificate of deposit can receive interest.

When someone deposits money into a savings account and chooses to do nothing with it for several months or years, it is a pretty straightforward example of interest income that occurs every day. The bank will utilise the money to make loans to borrowers, so it won't just sit quietly in his account.

The amount of interest earned can be calculated using the following formula:

Interest = Principal x Rate x Time

where:

Principal = $1200

Rate = 5% or 0.05 (annual rate)

Time = 7 years

So, plugging in the values:

Interest = $1200 x 0.05 x 7

Interest = $420

Therefore, you will earn $420 in interest over the 7-year period.

Learn more about interest Visit: brainly.com/question/25720319

#SPJ4

Maya and Nick enter into a contract. To be enforceable, the contract must include a. the signatures of both Maya and Nick. b. the signature of the party who is seeking enforcement. c. the signature of the party against whom enforcement is sought. d. no particular signatures.

Answers

It to be enforceable, a contract must include the signatures of all parties involved, indicating their consent to the terms of the agreement.

For a contract to be enforceable, it must meet certain requirements. One of these requirements is that the contract must include the signatures of the parties involved in the agreement.

Therefore, in the case of Maya and Nick entering into a contract, the contract must include the signatures of both Maya and Nick to be enforceable.

The signature of both parties is important because it signifies that both parties have read and agreed to the terms and conditions of the contract. It also serves as proof of the parties' intention to be bound by the terms of the agreement.

It is not sufficient for only one party to sign the contract. Both parties must sign to indicate their consent to the terms of the agreement. Additionally, it is important that the signatures are not forged or obtained through fraud, coercion, or duress.

For such more questions on Agreement:

https://brainly.com/question/586708

#SPJ11

If a firm negotiates a plain vanilla swap, it will provide ____ payments in exchange for ____ payments. fixed-rate; floating-rate fixed-rate euro; fixed-rate dollar stock dividend; fixed-rate stock dividend; floating-rate

Answers

If a firm negotiates a plain vanilla swap, it will provide fixed-rate payments in exchange for floating-rate payments.


A plain vanilla swap is a type of derivative contract where two parties agree to exchange cash flows based on a specified notional amount.

In this case, one party will provide fixed-rate payments while the other will provide floating-rate payments based on a reference rate such as LIBOR.

The fixed-rate payments are typically predetermined and remain constant throughout the life of the swap, while the floating-rate payments fluctuate based on market conditions.



Summary: In summary, a plain vanilla swap involves fixed-rate payments being exchanged for floating-rate payments based on a reference rate such as LIBOR.

Learn more about firm click here:

https://brainly.com/question/28234604

#SPJ11

Roger purchases a new car for personal use. This purchase is counted as a durable consumption good. nondurable consumption good. durable investment good. nondurable investment good. durable government purchases good.

Answers

Roger's purchase of a new car for personal use would be classified as a durable consumption good. Durable consumption goods are items that are expected to last for more than three years and are purchased for personal use. Examples of durable consumption goods include cars, furniture, and electronics. Nondurable consumption goods, on the other hand, are items that are expected to be used up or worn out within three years and are typically consumed regularly.

Examples of nondurable consumption goods include food, clothing, and household supplies. Investment goods, whether durable or nondurable, are items purchased with the intention of generating future income or increasing production. Finally, durable government purchases goods refer to goods that are expected to last for more than three years and are purchased by the government for public use, such as infrastructure or military equipment.


I'd be happy to help with your question. Roger purchases a new car for personal use, and this purchase is counted as a durable consumption good. Durable consumption goods are items that have a long useful life, typically more than three years, and are used for personal or household purposes.

In this case, a car is a durable good because it is intended for personal use and has a long useful life. This is different from nondurable consumption goods, which are items that are consumed quickly, such as food or clothing. Additionally, durable and nondurable investment goods pertain to business investments, and durable government purchases goods relate to government spending on items with a long useful life.

To know more about Durable consumption, visit:
https://brainly.com/question/30450241

#SPJ11

Beau sells a car to Cody without disclosing that the odometer, which reads 40,000 miles, was disconnected 80,000 miles ago. Beau is liable for

Answers

Beau is liable for fraudulent misrepresentation.

Fraudulent misrepresentation occurs when one party intentionally provides false information or conceals important facts to deceive another party in a transaction. In this case, Beau sells a car to Cody without disclosing that the odometer was disconnected 80,000 miles ago. Since the odometer only reads 40,000 miles, Cody may believe that the car has lower mileage and may be in better condition than it actually is. Beau's failure to disclose this information is considered fraudulent misrepresentation.

Therefore, Beau is liable for fraudulent misrepresentation in this transaction, as he knowingly concealed important information about the car's true mileage. This can lead to legal consequences and potential damages owed to Cody.

To know more about misrepresentation, visit;

https://brainly.com/question/29434736

#SPJ11

A(n) ________ is a set of structured activities or action steps designed to improve an organization.

Answers

A(n) improvement plan is a set of structured activities or action steps designed to improve an organization.

Here's a step-by-step explanation:
1. Identify areas for improvement: Analyze the organization's current performance and determine the areas that need enhancement.
2. Set clear goals: Establish specific, measurable, attainable, relevant, and time-bound (SMART) objectives for the areas identified.
3. Develop an action plan: Outline the activities and action steps necessary to achieve the goals. This should include assigning responsibilities to specific individuals or teams and setting deadlines for each task.
4. Allocate resources: Determine the required resources, such as personnel, funding, and equipment, and allocate them accordingly.
5. Implement the plan: Execute the action steps as outlined in the improvement plan, and monitor the progress regularly to ensure tasks are on track.
6. Measure results: Assess the outcomes and compare them to the set goals to determine the success of the improvement plan.
7. Review and adjust: Based on the results, review the plan and make any necessary adjustments to continue improving the organization.
Remember to communicate the improvement plan to all relevant stakeholders and involve them in the process to ensure its success.

To know more about activities  visit:

brainly.com/question/15871342

#SPJ11

explain the rapid growth of public sector unionism in the 1960s and early 1970s, despite the general deunionization of the economy during this period

Answers

The rapid growth of public sector unionism in the 1960s and early 1970s can be attributed to several factors.

One of the main reasons was the expansion of the public sector during this period, which created new opportunities for unionization. The Civil Rights Act of 1964 also gave public employees the legal right to join unions, which facilitated the growth of public sector unionism.

Additionally, the labor movement itself was experiencing a resurgence during this period, driven by social and political activism. These factors, along with increased demand for public services, led to the rapid growth of public sector unions, despite the overall de-unionization of the economy during this time.

Learn more about rapid growth

https://brainly.com/question/9751211

#SPJ4

If the present value of an item is P and we experience an inflation rate of r for t years, what will the future value of the item be

Answers

The item will cost approximately $110.41 in 5 years, assuming a constant inflation rate of 2% per year

The future value (FV) of an item after t years, given a present value (PV) and an inflation rate (r), can be calculated using the formula:

FV = PV * (1 + r)^t

where "^" denotes exponentiation.

This formula assumes that the inflation rate is constant over the period t, which may not always be the case. It also assumes that the inflation rate represents the increase in the cost of living, which may not necessarily correspond to the increase in the price of the item in question. Therefore, the actual future value of the item may differ from the calculated value.

For example, if the present value of an item is $100 and the inflation rate is 2% per year, the future value of the item after 5 years would be:

FV = $100 * (1 + 0.02)^5 = $110.41

This means that the item will cost approximately $110.41 in 5 years, assuming a constant inflation rate of 2% per year

Learn more about inflation rate here

https://brainly.com/question/29230049

#SPJ11

Using the following information, determine the activity rate for the inspecting activity. Activity Estimated Activity Cost Estimated Activity-Base Usage Setup $80,000 1,000 Purchasing 120,000 10,000 Inspecting 40,000 2,000 a.$20.00 b.$8.00 c.$120.00 d.$12.00

Answers

the activity rate for the inspecting activity is $20.00. The correct option is (a).

The activity rate for the inspecting activity can be calculated as follows:

Activity rate = Estimated activity cost / Estimated activity-base usage

Activity rate for inspecting = $40,000 / 2,000

Activity rate for inspecting = $20.00

the activity rate for inspecting is being calculated. The estimated activity cost for inspecting is $40,000, and the estimated activity-base usage for inspecting is 2,000. Dividing the estimated activity cost by the estimated activity-base usage gives us the activity rate for inspecting, which is $20.

Once we have the activity rate, we can use it to allocate overhead costs to products or services that use the inspecting activity. For example, if a product uses 100 units of the inspecting activity, the overhead cost allocated to that product would be 100 units x $20 per unit, or $2,000.

Learn more about activity here:https://brainly.com/question/31252635

#SPJ11

Which right of delegation refers to the giving of clear, concise descriptions of a task to the delegatee

Answers

The right of delegation that refers to the giving of clear, concise descriptions of a task to the delegatee is the right of direction and control.

This right refers to the authority of the delegator to provide clear and specific instructions to the delegatee regarding the task to be performed, including the desired outcome, any relevant deadlines, and any specific procedures or requirements. This ensures that the task is performed correctly and in accordance with the delegator's expectations.

Other rights of delegation include the right of assignment, which refers to the authority of the delegator to assign specific tasks to the delegatee; the right of inspection, which refers to the authority of the delegator to monitor and review the delegatee's performance; and the right of revocation, which refers to the authority of the delegator to revoke the delegation of authority at any time.

Learn more about authority here:https://brainly.com/question/9260046

#SPJ11

The fair value of the equipment at December 31, 2021, is $5,100,000. Prepare the journal entry (if any) necessary to record this increase in fair value.

Answers

In both cases, the company needs to disclose the revaluation in the notes to the financial statements, indicating the fair value, the date of revaluation, and any other relevant information.

If the fair value of the equipment at December 31, 2021, is $5,100,000, and the company uses the fair value accounting method, then the company needs to record an increase in fair value by making a journal entry.

The journal entry required to record the increase in fair value would depend on whether the company has already recorded the equipment on its books and whether the equipment is fully depreciated or not.

If the equipment is fully depreciated, and there is no accumulated depreciation balance in the books, then the company needs to record the increase in fair value as a gain. The journal entry would be:

Debit - Equipment - $5,100,000
Credit - Gain on Revaluation of Equipment - $5,100,000

On the other hand, if the equipment is not fully depreciated, then the company needs to adjust the carrying value of the equipment by increasing the accumulated depreciation account and recording the difference in the revaluation surplus account. The journal entry would be:

Debit - Equipment - $5,100,000
Credit - Accumulated Depreciation - $X
Credit - Revaluation Surplus - $5,100,000 - $X

In this case, X represents the accumulated depreciation balance before the revaluation. The increase in the accumulated depreciation account would reduce the carrying value of the equipment to its new fair value.
For more such questions on  financial statements visit:

https://brainly.com/question/26240841

#SPJ11

rue or false: Volume variances are due to the difference between expected production and actual production and, therefore, never need to be investigated.

Answers

False.

Volume variances can result from factors other than differences between expected and actual production, and thus, they may need to be investigated.

For example, volume variances can also be caused by changes in product mix, changes in customer demand, changes in inventory levels, and changes in the production process.

Investigating the underlying causes of volume variances can help identify areas where improvements can be made, and can lead to better decision-making in the future.

Therefore, it is important to investigate volume variances to gain a deeper understanding of the factors that impact production and sales.

For more questions like Demand click the link below:

https://brainly.com/question/29761926

#SPJ11

Carmin performs services in exchange for a 25% interest in Real Estate Rental Partnership. The services were worth $23,000. The tax implications to Carmin are:

Answers

Carmin will be taxed on the fair market value of the 25% interest in Real Estate Rental Partnership received in exchange for services, which is $23,000.

Carmin will be considered a partner in the Real Estate Rental Partnership and will be taxed on their share of the partnership's income and losses, which will include their share of the rental income generated by the partnership. The value of the services performed by Carmin will be treated as a capital contribution to the partnership, and will increase Carmin's basis in their partnership interest. The tax implications of the partnership income and losses and the increase in basis will depend on Carmin's individual tax situation and should be discussed with a tax professional.

To know more about tax, here

brainly.com/question/16423331

#SPJ4

The field that addresses the issues of obtaining and managing the funds and resources necessary to run a business successfully is called _____. Multiple choice question. financial management accounting operations management portfolio management

Answers

The field that addresses the issues of obtaining and managing the funds and resources necessary to run a business successfully is called Financial management .The correct answer is "financial management."

Financial management is the field that focuses on obtaining and managing the funds and resources needed to run a business effectively. It involves various activities such as budgeting, financial planning, financial analysis, investment decisions, risk management, and financial reporting. Financial management plays a crucial role in the success of any business as it helps in ensuring that there is enough funding to carry out business operations, investments, and expansion plans. Financial managers are responsible for making strategic financial decisions, managing cash flows, and monitoring financial performance.

Accounting, operations management, and portfolio management are related fields but are not specifically focused on obtaining and managing funds for a business. Accounting is concerned with recording and reporting financial transactions, while operations management is concerned with managing the processes and systems that create goods and services.

Portfolio management is concerned with managing investment portfolios for individuals or organizations. In conclusion, financial management is a vital aspect of running a successful business. It involves managing funds and resources effectively to achieve the company's financial goals and objectives. The correct answer is "financial management."

For more such questions on funds

https://brainly.com/question/28238795

#SPJ11

Other Questions
what observations lead charles darwin and alfred wallace to figure out the mechanism by which species originate? select all that apply Studies show that when low-achieving students are placed in a class with mostly high-achieving students, their academic performance tends to improve. This is an example of the importance of Although you can easily ride a bicycle, you would have difficulty describing the steps in riding the bicycle because this motor skill involves ____ memory. Suppose a study from a major university reports that consuming chocolate reduces the likelihood of dying from cancer. We could expect the current demand for a.soda to increase. b.coffee to increase. c.hot cocoa to increase. d.tea to increase. are microscopic to barley marcoscopic single cells Which of the following is an example of aerobic exercise? Group of answer choices Weight lifting Stretching Yoga Brisk walking Brad applied for a summer job as a bookkeeper. As part of his employment screening, he was asked to take an exam, or __________ test, which has numerical aptitude questions. Group of answer choices certification cognitive ability validity integrity personality A medical equipment company is thinking of expanding by developing lie detection machines that measure perspiration, cardiovascular, and respiration changes. The company should focus its research on the _____ nervous system in the development of the machine. You are examining embryos at different stages of development. The embryos harbor a Wnt1:Cre allele that has excised the STOP cassette in Rosa26 LacZ reporter (Wnt1:Cre; R26-loxp-STOP-loxp-LacZ). What cells do you expect to NOT see LacZ positive If a cell responds to an external signal by increasing an internal biochemical process, what process is the cell carrying out Your neighbor offers you an investment opportunity which will pay a single lump sum of $2,000 five years from today. The investment requires a single payment of $1,500 today. What is the annual rate of return on this investment Bryozoans, annelids, and mollusks are grouped as lophotrochozoans. Which characteristic do they have in common Which decision strategy is used when a support staff selects general office productivity software such as word processors or spreadsheets Which factor is NOT likely to spur the oil-producing nations of North Africa and Southwest Asia to find other ways to generate income Some environmental factors are studied by the use of: telescopes electroscopes astrolabes space satellites Stephanie has an art that measures 104.5 inches x 67.5 inches. He wants to scale the print to 9.5 inches by 7.5 inches to fit in a frame. which of the following is the largest he could use?A- 1/11B- 1/9 C- 9D- 11 How would you compare and contrast the liberal and conservative religious group's attitudes and priorities for healthcare? In contrast how would you compare and contrast bioethics and public health ethics? Please provide detailed answers. At what price (in dollars) should the chias be marked so that there is neither a surplus nor a shortage of chias The forceful protrusion of the tongue in response to an oral stimulus, such as a spoon, is called __________. Plasmids are important to the genetics of many bacteria. This is because they can render bacteria drug-resistant or they may carry genes that give their host (bacteria) a selective advantage to adapt the environmental changes. Is the statement true or false