Answer: $413.81
Explanation:
Price of a bond = Present value of coupon payments + Present value of face value
Coupon is a constant payment so is an annuity.
Coupon = 6% * 1,000 = $60
Price of bond = Present value of annuity + Present value of face value
= (Coupon * Present value interest factor of annuity (PVIFA), 27 periods, 15%) + (Face value / (1 + rate) ^ number of periods)
= (60 * 6.514) + (1,000 / (1 + 15%)²⁷
= $413.81
Assume the marginal tax rate is 10% for the first $20,000 of taxable income, 25% for taxable income from $20,001 to $50,000, and 35% for taxable income above $50,000. If Mr. Smith had taxable income of $80,000, how much tax does he owe
Answer:
the tax amount is $20,000
Explanation:
The computation of the tax amount is given below:
= 10% of $20,000 + ($50,000 - $20,001) × 25% + ($80,000 - $50,000) × 35%
= $2,000 + $7,499.75 + $10,500
= $19,999.75
= $20,000
hence, the tax amount is $20,000
The same should be considered and relevant too
Emmitt uses his leadership and position to produce effects on others and influence his followers. What term is used to describe this ability of leadership?
a. Coercion
b. Force
c. Power
d. Authority
Answer:
c. Power
Explanation:
Leadership can be defined as a process which typically involves motivating, encouraging and inspiring employees working under an individual to be innovative and create positive changes that will foster growth and enhance the success of a business firm or company in the future.
A leader can be defined as an individual who is saddled with the responsibility of controlling, managing and maintaining a group of people under him or her. Some types of power expressed by leaders are referent power, legitimate power, coercive power, etc.
Generally, leaders use their powers to get other people to follow them. Some forms of power result from a formalized position in the organization while others are derived from personal characteristics or knowledge.
In this scenario, Emmitt uses his leadership and formal position to produce effects on others and influence his followers. Thus, the terminology which is used to describe Emmit's ability of leadership is power.
In conclusion, power is based on three (3) main factors, which are leader, follower and situation.
If the State of California raised the average state consumer sales tax rate from 9.25 percent to 15 percent, then this sales tax will have its heavist impact on and raise the marginal cost curves for California businesses.
a. True
b. False
Answer: False
Explanation:
Consumer sales tax is not charged to businesses but rather to the customers through a business. The tax would therefore increase the prices of goods and services for consumers and not the businesses.
The businesses would therefore not see their marginal cost curves increase. They could still be affected however, by Californians demanding less goods and services because it is now more expensive for them on account of the new sales tax.
phân tích phạm trù hàng hoá sức loa động theo quan điểm cua chủ nghĩa mác.Thực trạng thị trường sức lao động ở nước ta hiện nay. Là sinh viên trường đại học anh chị nhận thấy mình có trách nhiệm gì trong việc nâng cao chất lượng nguồn nhân lực đáp ứng yêu cầu của sự nghiệp công nghiệp hoá đất nước
When preparing a production budget, the required production equals:________
a. budgeted sales beginning inventory desired ending inventory.
b. budgeted sales - beginning inventory desired ending inventory.
c. budgeted sales - beginning inventory - desired ending inventory.
d. budgeted sales beginning inventory - desired ending inventory.
Answer: B. budgeted sales - beginning inventory + desired ending inventory.
Explanation:
The production budget is also referred to as the manufacturing budget and it is the budget that is used in determining the quantity of the product of the firm which needs to be produced during a particular budgetary period.
The production budget lists the number of units that a firm will manufacture during a period. When preparing a production budget, the required production will be gotten as the budgeted sales - beginning inventory + desired ending inventory.
Therefore, the correct option is B.
he preemptive right is important to shareholders because it a. protects bondholders, and thus enables the firm to issue debt with a relatively low interest rate. b. allows managers to buy additional shares below the current market price. c. protects the current shareholders against a dilution of their ownership interests. d. is included in every corporate charter.
Answer:
c. protects the current shareholders against a dilution of their ownership interests.
Explanation:
In the case when the preemptive right should be significant for the shareholders so it basically protect the present shareholders that are opposed to the dilution with respective to the ownership interest
Therefore the option c is correct
And, the other options seems wrong
Discuss the importance of innovation in the survival and success of a business. Include three strategies that you, as an entrepreneur, can use to encourage creativity and innovation in your small business in your response. Provide support for your response.
Answer is given below :
Explanation:
Innovation is part of the business and should be successful in the long run. If the business is not innovative it will one day fail and stop making a profit. example shows that it was the number one mobile phone in 2000 but it failed for a long time because it did not change the dynamic market and did not adopt the Android operating system.There are three strategies to promote creativity and innovation in small business: -A business should focus not only on the product, but also on the process, delivery and customer service of the product.A business must always come up with new ideas to survive in the market, which will reduce costs and improve production.A business must constantly monitor the current dynamic environment in the business world and adapt to market conditions and change business on time if necessary.Happy Trails, a bicycle rental company, is considering purchasing three additional bicycles. Each bicycle would cost them $249.66. At the end of the first year the increase to their revenues would be $140 per bicycle. At the end of the second year the increase to their revenues again would be $140 per bicycle. Thereafter, there are no increases to their revenues. At which of the following interest rates is the sum of the present values of the additional revenues closest to the price of a bicycle?
a. 5 percent.
b. 6 percent.
c. 7 percent.
d. 8 percent.
Answer:
D
Explanation:
We are to determine the IRR of the purchase
The internal rate of return is a capital budgeting method that is used to determine the profitability of a project.
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
Cash flow in Y0 = -249.66
Cash flow in Y1 = 140
Cash flow in Y2 = 140
IRR = 8
To determine IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button
Ray acquired an activity several years ago, and in the current year, it generates a loss of $50,000. Ray has AGI of $140,000 before considering the loss from the activity.
If the activity is a bakery and Ray is not a material participant, what is his AGI?
Answer:
adjusted gross income should be $140,000
Explanation:
The computation of the adjusted gross income is given below:
Given that
There is the loss of $50,000
And, the adjusted gross income prior considering the loss should be $140,000
So here $50,000 loss should be suspended under the rule of the passive loss as ray should not be the material participant
Therefore adjusted gross income should be $140,000
Lisah, Inc., manufactures golf clubs in three models. For the year, the Big Bart line has a net loss of $3,500 from sales $201,000, variable costs $175,000, and fixed costs $29,500. If the Big Bart line is eliminated, $20,000 of fixed costs will remain. Prepare an analysis showing whether the Big Bart line should be eliminated.
Answer:
Net Income Analysis
Continue Eliminate Increase/Decrease
Sales 201,000 0 201,000
Less: Variable cost 175,000 0 175,000
Contribution margin 26,000 0 26,000
Less: Fixed expenses 29,500 20,000 9,500
Net Income -3,500 20,000 -16,500
Therefore, the Big Bart line should not be continued.
Elson co, needs to raise debt and for this purpose issued two different bonds, Bond A and Bond B. Both bonds have 20 years to maturity with a face value of $20000. Bond A will make no coupon payment over the entire life, however Bond B is a semiannual coupon bond. It will make first coupon payment of $1100 at sixth year semiannually for the next 8 years. After that it will make coupon payment of $1400 for the rest of its remaining life. Find the price of Bond A and B if the required rate of return on these bonds is 7 percent compounded semiannually.
Answer:
The right solution is "$20.733.16".
Explanation:
According to the question,
Face value,
= $20000
Rate (r),
= .035
Bond A:
= [tex]\frac{Face \ value}{(1+r)^n}[/tex]
= [tex]\frac{20000}{(1+.035)^{40}}[/tex]
= [tex]5051.45[/tex] ($)
Bond B:
= [tex]\frac{1100\times 12.0941}{(1+.035)^{10}} + \frac{1400\times 10.9205}{(1+.035)^{26}} + \frac{20000}{(1+.035)^{40}}[/tex]
= [tex]9431.11+6250.6+5051.45[/tex]
= [tex]20733.16[/tex] ($)
Four roommates are planning to spend the weekend in their dorm room watching old movies, and they are debating how many to watch. Here is their willingness to pay for each film:
Willingness to Pay (Dollars)
Antonio Dmitri Jake Nick
First film 10 9 8 3
Second film 8 7 6 2
Third film 6 5 4 1
Fourth film 4 3 2 0
Fifth film 2 1 0 0
Within the dorm room, the showing of a movie a public good. If it costs $12 to rent a movie, the roommates should rent movies in order to maximize the total surplus. Suppose the roommates choose to rent the optimal number of movies you just indicated and then split the cost of renting equally. This means that each roommate will pay $_____________ .
The roommates would rent 3 movies to maximise total surplus
Each roommate would pay $9
The roommates would watch the films that yields a positive consumer surplus
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
Willingness to pay is the highest amount a consumer is willing to pay for a good or service
Consumer surplus is positive if willingness to pay exceeds the price of the movie and it is negative when the price of the good exceeds the willingness to pay of the consumers
Total willingness to pay for the first movie = 10 + 9+ 8+ 3 = 30
Total willingness to pay ($30) exceeds the price of the movie ($12). Consumer surplus is positive. The first movie will be rented
Total willingness to pay for the second movie = 8+ 7+ 6+ 2 = 23
Total willingness to pay ($23) exceeds the price of the movie ($12). Consumer surplus is positive. The second movie will be rented.
Total willingness to pay for the third movie = 6+ 5+ 4+ 1 = 16
Total willingness to pay ($16) exceeds the price of the movie ($12). Consumer surplus is positive. The third movie will be rented.
Total willingness to pay for the fourth movie = 4+ 3+ 2+ 0 = 9
Total willingness to pay ($9) is less than the price of the movie ($12). Consumer surplus is negative. The fourth movie will be rented.
Only three movies would be rented.
Total cost of the 3 three movies = $12 x 3 = $36
Cost to each roommate if the bill is split equally = $36 / 4 = $9
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Cucina Corp. signed a new installment note on January 1, 2018, and deposited the proceeds of $50,000 in its bank account. The note has a three-year term, compounds 5 percent interest annually, and requires an annual installment payment on December 31. Cucina Corp. has a December 31 year-end and adjusts its accounts only at year-end. Required:
Question Completion:
Required:
1.Use an online application, such as the loan calculator with annual payments at mycalculators.com, to generate an amortization schedule. Enter that information into an amortization schedule with the following headings: Year, Beginning Notes Payable, Interest Expense, Repaid Principal on Notes Payable, and Ending Notes Payable.
2.Prepare the journal entries on (a) January 1, 2018, and December 31 of (b) 2018, (c) 2019, and (d) 2020.
3.If Cucina Corp.’s year-end were March 31, rather than December 31, prepare the adjusting journal entry it would make for this note on March 31, 2018?
Answer:
Cucina Corp.
1. Annual Amortization Schedule
Year Beginning Interest Expense Repaid Principal Ending Notes
Notes Payable on Notes Payable Payable
1 $50,000.00 $2,140.23 $15,842.25 $34,157.68
2 $34,157.68 $1,329.68 $16,652.80 $17,504.84
3 $17,504.84 $477.71 $17,504.77 $0.00
2. (a) January 1, 2018
Debit Cash $50,000
Credit Installment Note Payable $50,000
To record the issuance of the installment note.
December 31 of
(b) 2018
Debit Interest Expense $2,140.23
Debit Installment Note Payable $15,842.25
Credit Cash $17,982.48
To record the first installment repayment, including interest.
(c) 2019
Debit Interest Expense $1,329.68
Debit Installment Note Payable $16,652.80
Credit Cash $17,982.48
To record the second installment repayment, including interest.
(d) 2020
Debit Interest Expense $477.71
Debit Installment Note Payable $17,504.77
Credit Cash $17,982.48
To record the third and final installment repayment, including interest.
3. (b) 2018
Debit Interest Expense $625
Credit Interest Payable $625
To accrue interest expense for the year ($50,000 * 5% * 3/12)
Explanation:
a) Data and Calculations:
Installment note payable obtained on January 1, 2018 = $50,000
Period of note payable = 3 years
Interest rate = 5% compounded annually
Annual interest payment = December 31
Huffman Corporation constructed a building at a cost of $30,000,000. Weighted-average accumulated expenditures (WAAE) were $12,000,000, actual interest was $1,200,000, and avoidable interest was $1,600,000. If the salvage value is $2,400,000, and the useful life is 40 years, depreciation expense for the first full year using the straight-line method is
a. $690,000
b. $705,000.
c. $720,000.
d. $735,000.
Answer:
$730,000
Explanation:
Calculation to determine what depreciation expense for the first full year using the straight-line method is
Using this formula
Depreciation expense=Costs of Building+Avoidable interest-Salvage value)/Useful life
Let plug in the formula
Depreciation expense=( $30,000,000 + $ 1,600,000- $2,400,000) / 40 years
Depreciation expense=$29,200,000/40 years
Depreciation expense= $730,000
Therefore depreciation expense for the first full year using the straight-line method is $730,000
Suppose that in a week the price of Greek yogurt decreases from $1.75 to $1.25 per container. At the same time, the quantity of Greek yogurt demanded at a typical grocery store increases from 10,000 to 18,000 containers per month. What is the price elasticity of demand for Greek yogurt
Answer:
1.11
Explanation:
New price = 1.75
Old price = 1.25
Price percentage= 1.75-1.25/1.25
= 0.5/1.25
= 0.4
New quantity = 18,000
Old quantity= 10,000
Quantity percentage, = 18000-10/000/18000
= 8000/18000
= 0.44
Price elasticity= 0.44/0.4
= 1.11
Hence price elasticity is 1.11
The Lumber Division of Paul Bunyon Homes Inc. produces and sells lumber that can be sold to outside customers or within the company to the Construction Division. The following data have been gathered for the coming period:
Lumber Division:
Capacity200,000 board feet
Price per board foot$2.50
Variable production cost per bd. ft.$1.25
Variable selling cost per bd. ft.$0.50
Construction Division:
Board feet needed60,000
Outside price paid per bd. ft.$2.00
If the Lumber Division sells to the Construction Division, $0.35 per board foot can be saved in shipping costs.
If current outside sales are 130,000 board feet, what is the minimum transfer price that the Lumber Division could accept?
a. $1.25
b. $1.40
c. $1.75
d. $2.50
Answer:
b. $1.40
Explanation:
The computation of the minimum transfer price that the Lumber Division could accept is shown below:
= Variable production cost per bd. ft. + Variable selling cost per bd. ft.
= $1.25 + $0.50
= $1.40
Hence, the minimum transfer price that the Lumber Division could accept is $1.40
Therefore the option b is correct
The minimum transfer price that the Lumber Division could accept is $1.40.
What is transfer price?Transfer pricing is the method in which the product is sold out bey one subsidiary to another but within the company.
This method is used when the subsidiaries of a parent company are measured as separate earnings essences.
The computation of the minimum transfer price:
The minimum transfer price is found out by apply the formula:
[tex]\text{Minimum Transfer Price}= \text{Variable Production Cost per bd. ft.}-\text{Variable Selling Cost per bd. }[/tex]
According to the given case,
Variable production cost per bd. ft. = $1.25,
Variable selling cost per bd. ft. = $0.50.
Now apply the values in the above formula, we get:
[tex]\text{Minimum Transfer Price}= \text{Variable Production Cost per bd. ft.}-\text{Variable Selling Cost per bd. }\\\\\text{Minimum Transfer Price}= \$1.25 + \$0.50\\\\\text{Minimum Transfer Price}=\$1.40[/tex]
Therefore, the minimum transfer price that the Lumber Division to accept is $1.40. So, option D is correct.
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What’s the best major among these and why plz .
Business management
Business marketing
Business banking
Answer:
With a strong focus on your employability, our MSc Strategic Business Management is for those wanting an in-depth knowledge and a critical understanding of the key aspects of strategic business and management in a global context. Whether you are a manager, consultant, analyst, or want to pursue a career as an entrepreneur, this one year postgraduate degree helps develop the most important concepts and real world practical models to enhance your career in a rapidly changing work environment.
Explanation:
Business Degree In Marketing
Business Or Marketing Degree
Degree In Marketing
Degree In Marketing Salary
Degree In Marketing Management
Bachelor Degree In Marketing
Degree In Fashion Marketing
Master Degree In Marketing
Bs Degree In Marketing
Masters Degree In Marketing
Online Degree In Marketing
Graduate Degree In Marketing
Degree In Internet Marketing
ven the ethical lapses that are prevalent today in our businesses, what can be done to restore trust in the free-market system and leaders in general? Multiple Choice Making the government accountable for business leader behavior will restore trust. New laws making accounting records transparent may help restore trust. It's up to the government to pass laws requiring ethical behavior of all leaders, business and otherwise. Business leaders that have broken the law should be given another chance.
Answer:
New laws making accounting records transparent and punishing the wrongdoers may help restore trust.
Explanation:
Free market can be regarded as a system whereby the prices for goods as well as services are been self-regulated by buyers as well as sellers that are negotiating in an open market.
Trust in free-market system as well as leaders in general can be restored by setting up New laws making accounting records transparent and punishing the wrongdoers may help restore trust.
Transparency can be regarded as access and proper disclosure of financial information, this information could be audited financial reports of a company and other information. In financial reporting, transparency can be regarded as having reports with high quality as well as clear information so that this information can be easily understood. The budgeting as well as forecasting of a company should be available readily in case it is needed by existing investors to access as well as to comprehend. Another one is that a new law that will put any violators or wrongdoer in free market should be set up, this will reduce crimes in accounting aspect of organization.
You want to retire exactly 30 years from today with $1,950,000 in your retirement account. If you think you can earn an interest rate on 10.07 percent compounded monthly, how much must you deposit each month to fund your retirement
Answer:
Monthy deposit= $849.78
Explanation:
Giving the following information:
Future value (FV)= $1,950,000
Number fo periods (n)= 30*12= 360
Interest rate (i)= 0.1007/12= 0.008392
To calculate the monthly deposit, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (1,950,000*0.008392) / [(1.008392^360) - 1]
A= $849.78
giả sử mối quan hệ giưa doanh thu và nỗ lực
Answer:
नजषनदजदनददजसकसककसकसकनसनसजसजसजसकस भने त्यो मस्त निद्रामा हिड्ने गरेको मेरो हो मेरो नाम बिबस कि भन्ने लाग्छ के भनौ भने पनि त्यो थाहा भयो कि भएन भन्ने कुरा पनि उल्लेख गर्नु रे ु च चय उनले सन् उo Bibas is hero DC COAII, y
Ajax, Inc., issued callable bonds with a par value of $1,000,000 that require the payment of a call premium of $10,000. The bonds have a carrying value of $990,000. We call these bonds prior to maturity on September 30.
Required:
Write down journal entry.
Answer: please see explanation column for answers.
Explanation:
The journal entry is as follows:
To record the bonds payable and retirement
Date Account titles and explanation Debit Credit
Sept 30, Bonds payable $1,000,000
Loss on bonds retirement $20,000
To Discount on bond $10,000
To cash $1,010,000
Calculation:
Loss on bonds retirement:Total Cash disbursements - carrying value
= (par value of the bonds+ call premium) -carrying value
= ($1,000,000 + $10,000) - $990,000
= $1,010,000 - $990,000
= $20,000
The rate of earnings is 6% and the cash to be received in 4 years is $20,000. The present value amount, using the following partial table of present
value of $1 at compound interest is
Year
6%
10%
12%
1
0.943
0.909
0.893
2
0.890
0.826
0.797
3
0.840
0.751
0.712
4
0.792
0.683
0.636
a. $12.720
Ob. $16,800
Oc. 513,660
Od. $15.840
Answer:
$15,840
Explanation:
Present value = Future value / (1 + r)^n
Rate, r = 6% = 0.06
Future value = $20,000
Number of years, n = 4
Present value = $20000 / (1 + 0.06)^4
Present value = $20000 / 1.06^4
Present value = $20,000 / 1.26247696
Present value = $15841.873
Using the partial table of present values :
Present value = Future value * PV(6%, 4)
PV at 6%, 4 years = 0.792
Present value = $20,000 * 0.792 = $15,840
Inga invested part of her $6000 savings in common stock and the rest in rare stamps. At the end of the year, she realized a gain of 9% on the stock and 12%on the stamps. If her savings now amounts to $6615, how much did she invest in stamps
Answer:
The amount Inga invested in stamps is $2,500.
Explanation:
Let x represents the amount invested in common stock. Therefore, we have:
Amount invested in common stock = x
Amount invested in stamps = 6000 - x
Rc = Rate of gain from common stock = 9%, or 0.09
Rs = Rate of gain from common stock = 12%, or 0.12
Amount of saving now = $6615
Therefore, we have
Amount of saving now = (x * (1 + Rc)) + ((6000 - x) * (1 + Rs)) ………….. (1)
Substituting all the relevant values into equation (1) and then solve for x, we have:
6615= (x * (1 + 0.09)) + ((6000 - x) * (1 + 0.12))
6615 = (x * 1.09) + ((6000 - x) * 1.12)
6615 = 1.09x + (6720 - 1.12x)
6615 = 1.09x + 6720 - 1.12x
6615 - 6720 = 1.09x - 1.12x
-105 = -0.03x
x = -105/-0.03
x = 3,500
Therefore, we have:
Amount invested in stamps = 6000 - x = $6,000 - $3,500 = $2,500
Therefore, the amount Inga invested in stamps is $2,500.
Relevant Range and Fixed and Variable Costs
Vogel Inc. manufactures memory chips for electronic toys within a relevant range of 61,600 to 100,800 memory chips per year. Within this range, the following partially completed manufacturing cost schedule has been prepared:
Components produced 61,600 79,200 100,800
Total costs:
Total variable costs . . . . . . . . . $19,712 (d) (j)
Total fixed costs . . . . . . . . . . . . 22,176 (e) (k)
Total costs . . . . . . . . . . . . . . . . . $41,888 (f) (l)
Cost per unit:
Variable cost per unit . . . . . . . (a) (g) (m)
Fixed cost per unit . . . . . . . . . . (b) (h) (n)
Total cost per unit . . . . . . . . . . (c) (i) (o)
Complete the cost schedule below. When computing the cost per unit, round to two decimal places. Round all other values to the nearest dollar.
Cost Report
Components produced 61,600 79,200 100,800
Total costs:
Total variable costs $19,712 (d) $ (j) $
Total fixed costs 22,176 (e) (k)
Total costs $41,888 (f) $ (l) $
Cost per Unit
Variable cost per unit (a) $ (g) $ (m) $
Fixed cost per unit (b) (h) (n)
Total cost per unit (c) $ (i) $ (o) $
Answer:
Variable cost per unit is constant.
Total fixed cost is constant.
Explanation:
A machine cost $1,200,000, has annual depreciation of $200,000, and has accumulated depreciation of $950,000 on December 31, 2020. On April 1, 2021, when the machine has a fair value of $275,000, it is exchanged for a machine with a fair value of $1,350,000 and the proper amount of cash is paid. The exchange had commercial substance. The gain to be recorded on the exchange is
Answer: $1,350,000
Explanation:
If an exchange is said to have commercial substance, it means that the company will either record the asset received at its fair value and if this is not available, it will then record the value of the asset received at the fair value of the assets that were exchanged for it.
The fair value of the assets acquired are available in this instance so the machine will be recorded at its fair value of $1,350,000.
g. provides the following information for 20X8: Net income $260,000 Market price per share of common stock $60 per share Dividends paid $200,000 Common stock outstanding at Jan. 1, 2018 150,000 shares Common stock outstanding at Dec. 31, 2018 230,000 shares The company has no preferred stock outstanding. Calculate the price/earnings ratio of common stock.
Answer:
53.09
Explanation:
The price/earnings ratio of common stock is an investment ratio that compares the current price of the stock to its earnings per share, in a bid to assess the stock performance relative to its earnings
share price=$60
earnings per share=net income/year-end shares outstanding
net income=$260,000
year-end outstanding shares=230,000
earnings per share=$260,000/230,000
earnings per share=$1.13
price/earningsratio=$60/$1.13
price/earningsratio=53.09
three (3) State taxes and briefly describe each
To reduce your chances of identify theft you should
a.
carry your Social Security Card in your wallet.
b.
check your credit rating regularly.
c.
only use drive thru ATM’s.
d.
never keep receipts with credit information printed on them.
To reduce your chances of identify theft you should: d. never keep receipts with credit information printed on them.
What is identity theft?Identity theft can be defined as the way in which person tend to make use of another person personal data or information so as to defraud people or to commit a crime.
This person can either make use of the person name, credit card numbers among others to commit a fraudulent act by impersonating the owner without the awareness of the person that owns the information.
In order to reduce the identify theft it is advisable that a person should never keep receipts that has details of their credit information printed on them as a fraudster can make use of the information to defraud or to commit crime.
Therefore To reduce your chances of identify theft you should: d. never keep receipts with credit information printed on them.
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Third National Bank has reserves of $20,000 and checkable deposits of $100,000. The reserve ratio is 20 percent. Households deposit $5,000 in currency into the bank, and the bank adds that currency to its reserves. What amount of excess reserves does the bank now have
Answer:
$4000
Explanation:
Fractional banking is a banking system where a portion of customer's deposits is kept as reserves while remaining portion is lent out. The amount kept as reserves is determined by the required reserve ratio set by the Central bank.
Reserve ratio is the percentage of deposits that is required of commercial banks to keep as reserves
Total deposits = $100,000 + $5,000 = $105,000
Required reserves = 0.2 x 105000 = 21,000
total reserves = $20,000 + 5000 = 25,000
excess reserves = 25,000 - 21,000 = 4000
The US imposes a tariff on the import of a computer chip that is also produced at higher cost by a US firm. The US firm is an important supplier to the US Navy. The US is probably using the _____ argument for protectionism.
Answer: d. Strategic industry
Explanation:
Sometimes countries will introduce a tariff in order to reduce the importation of a good or service that might be ruled as important for the security of the country and so would need to be produced by a company in the country. Goods related to national defense are especially more likely to fall under such tariffs.
The industry is therefore said to be strategic. This is what happened in the scenario above because the chip is used by the U.S. Navy which makes it national defense related.
