Answer:
warehousing
Explanation:Warehouse financing as a type of financing is the process whereby manufacturers or producers take loan and the collateral for the loan taken are their goods/ items. The collateral which is the goods or commodities are held in high regards or trust by a third party who serves as a trustee holds the goods on the lender's behalf. s. an approved agent can also be used.
Warehouse financing is importantly necessary as it provides manufacturers with better and favorable loan terms , cost effective and an adequate repayment plan also as a merit to its use.
The type of financing large commercial banks provide to mortgage companies to allow them to originate and hold the loans until they can be sold off in the secondary market is called warehouse lending. This practice of securitizing loans and selling them in the secondary market brought both opportunities and challenges to financial markets.
Explanation:In addition to providing home mortgages, large commercial banks also specialize in providing financing known as warehouse lending to mortgage banking companies. These short-term funds enable mortgage companies to originate loans and hold them until they can be sold off in the secondary market.
The secondary market is a market where banks and other financial institutions sell their loans. This system came into prominence during the 1990s and early 2000s when changes in finance and banking laws allowed institutions to securitize their mortgage loans, or turn them into bonds, and sell them off. This meant that banks could separate their financial interests from the ability of the borrower to repay, thus increasing the attractiveness of higher-risk loans.
This process of securitization let the lenders off-load the mortgage risk to investors. Yet, it also fostered the creation of subprime loans, as banks found they could afford to make risky loans, sell them, and avoid the financial consequences when borrowers failed to repay.
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At the end of the current year, the accountant for Computer Graphics, Inc. forgot to make an adjusting entry to accrue Wages Payable for the company's employees for the last week in December. The wages will be paid to the employees in January. Which of the following is an effect of this error? a) Net income is overstated.b) Liabilities are overstated.c)Net income is understated.d) Expenses are overstated
Answer:
a) Net income is overstated
Explanation:
As we already know that
To record the accrued wages, the journal entry is
Wages expense XXXXX
To wages payable XXXXX
(Being the wages expense is recorded)
This entry indicates the increases in expenses and decrease in net income but if this entry is not made or forgot to make than the condition would be reverse i.e expenses understated and net income overstated. On the other side, the liabilities are overstated i.e liabilities understated in case the entry is not made
In an exclusive agency listing:a.seller can avoid paying a commission b.if they find the buyer the seller can employ more than one agent c.a seller must pay a commission d.if they find the buyer no commission is allowed
Answer:
d. If they find the buyer, no comission is allowed
Explanation:
Exclusive agency listing is a contractual agreement wherby the seller grant the right to an estate agent or a firm to sell a property on its behalf through payment of commission and the seller can avoid paying commission if the buyer is found by the seller. It is one of the listing agreements. Others are open listing and exclusive right to sell listing.
Exclusive agency listing are not favourable to estate agent or brokerage firm in that the agreement gives a seller right to find or locate a buyer by itself in order to avoid paying commission.
Red Bull enlisted college students as "Red Bull student brand managers" to distribute samples, research drinking trends, design on-campus product promotion activities, and write stories for student newspapers. From a marketing management perspective, which of the following brand equity drivers is most applicable in the given scenario?A) the profitability associated with brand developmentB) associations indirectly transferred to the brand by linking it to a personC) the product and all accompanying marketing activities and supporting marketing programsD) the initial choices for the brand elements or identities making up the brandE) associations indirectly transferred to the brand by linking it to a place
Answer: C. the product and all accompanying marketing activities and supporting marketing programs.
Explanation:
From a marketing management perspective, the activities carried out by the college students and the equity driver applicable here is that " the product and all accompanying marketing activities and supporting marketing programs".
Red bull enlisting college students as brand managers for its product sample distribution, research drinking trends and promotion is part of marketing.
A human resource inventory of an organization's employees would include all of the following EXCEPT Multiple Choice specialized skills of employees. names and ages of employees. education and training of employees. salary levels of employees.
The human resource inventory includes information about the specialized skills, names and ages, and education and training of employees, but it does not include salary levels of employees.
A human resource inventory of an organization's employees would include a wide range of information that encompasses the skills, experiences, and various attributes of its workforce. However, it does not include salary levels of employees. This type of inventory is meant to track aspects such as specialized skills of employees, their names and ages, and their education and training.
The purpose is to manage and understand the human capital, which refers to the skills and training embodied in the workforce, and to ensure optimal matching of job descriptions and hiring practices. Additionally, such inventories assist in managing employee training, and ensure compliance with occupational health and safety regulations as well as maintaining high standards of customer service. Typically, salary levels, while important, are managed within different HR systems that deal with payroll and compensation.
When Whitlock Clothiers began overseas operations, top management had to learn to appreciate the _____ environments of other countries-that is, other people's systems of shared beliefs, values, customs, and behaviors.
A. social
B. legal
C. cultural
D. political
Answer:
C. cultural
Explanation:
Cultural environment is the environment which is different from country to country.
It is important for the business organization to manage the different cultures which are belongs from the people live in different countries and applied the same in the organization so that the employees, and other staffs could be motivated
Since in the given scenario, the Whitlock Clothiers began overseas operations and the top management learns and motivates the other countries environment that reflect the cultural environment in terms of shared beliefs, values, customs, and behaviors
What can cause the supply curve for an inferior good to shift to the right?
Answer:
A decrease in consumer income
Explanation:
Before we move on to answer the question directly, we need to understand what a supply curve is and what are inferior good is.
A supply curve is a graphical representation which is plot of a change in price to a change in quantity supplied, obeying the dictates of the law of supply. The law of supply simply states that the higher the price, the higher the quantity supplied. Thus, it is expected that at higher prices, the quantity supplied should also be higher in order for profit maximization.
So how does a supply curve looks like? A supply curves generally moves upward from left to right, this in confirmation to the law.
What do we mean by an inferior good? An inferior good is one which does not obey the laws of demand and supply. A consumer good demand decreases in the face of rising income. This is in contrast to a normal good which is supposed to have an increase in demand with a rise in income.
Now, what can make an inferior good supply curve shift to the right i.e have more positive income elasticity?
What can cause this is no other factor than a decrease in income. When there is a decrease in consumer income, consumers would be willing to spend less on more expensive substitutes and thus turn over to their inferior goods counterparts. This make their demand go up, driving up the price and making the supply increase.
This singular activity will shift the supply curve of inferior goods to the right.
Cyclical unemployment is closely associated with Select one: a. long-term economic growth. b. short-run ups and downs of the economy. c. fluctuations in the natural rate of unemployment. d. changes in the minimum wage.
Answer:
b. short-run ups and downs of the economy.
Explanation:
Cyclical unemployment is a form of employment that occurs as a result of fluctuations in the economy.
When there's a downturn in the economy, unemployment increases and It falls when there's a boom.
I hope my answer helps you
Answer:
B) short-run ups and downs of the economy.
Explanation:
Cyclical unemployment is a type of involuntary unemployment that occurs during economic recessions when the demand for goods and services decreases, decreasing the demand for employees. Cyclical unemployment is the worst type of unemployment since it results from economic contractions, unlike frictional and structural unemployment that also occur during times of economic growth.
Which of the following would shift the supply of dollars in the market for foreign-currency exchange of the open-economy macroeconomic model to the left? Select one: a. The exchange rate rises. b. The expected rate of return on U.S. assets rises. c. The expected rate of return on U.S. assets falls. d. The exchange rate falls.
Answer:
b. The expected rate of return on U.S. assets rises
Explanation:
An open economy is one that interacts freely with the other economies of the world, the one economy of the united states is very large and includes the imports and exports of huge quantity including the goods and services. In an open economy, macroeconomic model assets are bought and supplied to the economy a this creating an outflow of the capital as more of the buying of the assets creates a net capital outflow leading to an increase of the expected rate of return of assets. As the country can spend more than it produces.Although not a goal of the unemployment insurance system, one effect is that the system reduces _________.
a. the rate of job finding.
b. frictional unemployment.
c. workers' uncertainty about their incomes.
d. the rate of job separation.
Answer:
a. the rate of job finding.
Explanation:
The unemployment insurance system is a program managed by the federal and state governments to provide unemployment benefits to individuals who are unemployed and meet certain eligibility criteria.
Although not a goal of the unemployment insurance system, one effect is that the system reduces the rate of job finding.
However, the main goal of the unemployment insurance system is to reduce workers' uncertainty about their incomes.
Becky graduated with a master degree in Personal Financial Planning. After working two years in a small financial planning firm, Becky earns $60,000 annually and saves $10,000 a year. What is her average propensity to consume?a. 16.7%b. 25.5%c. 75.7%d. 83.3%e. 95.5%
Answer:
Option D.
Explanation:
The average propensity to consume (APC) refers to the ratio of consumption expenditures (C) to disposable income (DI):
APC = C / DI.
From the question, we are given:
Total income = $60,000
Savings = $10,000
Therefore:
Consumption expenditures (C) = 60,000 - 10,000 = $50,000
APC = 50,000 / 60,000
APC = 0.833 or 83.3%
Mindy is always asking for the source of comments or research to back up assumptions made at team meetings. Ultimately, the team creates better solutions because of this. What role is Mindy playing as a team member?
Answer:
The correct answer is: Resource Investigator.
Explanation:
There are different roles team members fulfill such as shaper, implementer, finisher, coordinator, team worker, resource investigator, monitor-evaluator, and specialist. The resource investigator role implies requesting support for the information that is portrayed to make sure the data the team has is reliable. Resource investigators are usually good at gathering information from others.
Presented below is the stockholders' equity section of Mead Corporation at December 31, 2006: Common stock, par value $20; authorized 75,000 shares; issued and outstanding 45,000 shares $ 900,000 Paid-in capital in excess of par value 250,000 Retained earnings 500,000 $1,650,000 During 2007, the following transactions occurred relating to stockholders' equity: 3,000 shares were reacquired at $28 per share. 3,000 shares were reacquired at $35 per share. 1,800 shares of treasury stock were sold at $30 per share. For the year ended December 31, 2007, Mead reported net income of $450,000. Assuming Mead accounts for treasury stock under the cost method, what should it report as total stockholders' equity on its December 31, 2007, balance sheet? a. $1,965,000. b. $1,961,400. c. $1,957,800. d. $1,515,000.
Answer:
a. $1,965,000
Explanation:
The computation of total stockholders' equity is shown below:-
Paid-in capital from Treasury Stock = 1,800 × ($30 - $28)
= 1,800 × $2
= $3,600
Retained earning = $500,000 + $450,000
= $950,000
Treasury stock = ((3,000 - 1,800) × $28) + (3000 × 35)
= (1,200 × $28) + (3000 × 35)
= $33,600 + $105,000
= $138,600
Total stockholders' equity on December 31, 2007 = Common stock + Paid-in capital in excess of par value + Paid-in capital from Treasury Stock + Retained earnings - Treasury stock
= $900,000 + 250,000 + $3,600 + $950,000 - $138,600
= $2,103,600 - $138,600
= $1,965,000
So, we have applied the above formula.
A corporation sold 1,000 shares of its $2.00 par value common stock for $10.00 per share and later repurchased 100 of those shares for $12.00 per share. Which of the following will be debited to record the repurchase of the 100 shares?A.Common Stock for $1,200B.Treasury Stock for $1,200C.Treasury Stock for $200D.Cash for $1,200
Answer:
Option B. Treasury Stock for $1,200
Explanation:
The reason is that when 1,000 shares which has $2 par value and were issued at $10 per share, the journal entry was:
Dr Cash Account $10,000
Cr Common Stock $2,000
Cr Paid In Capital $8,000
But when 100 shares were repurchased at $12 per share, then the accounting treatment would be
Dr Treasury Stock $1,200
Cr Cash Account $1,200
So the correct option is option B.
Suppose MR = MC = $3 at an output level of 2,000 units.
If a monopolist produces and sells 2,000 units, charging a price of $6 per unit and incurring average total cost of $4 per unit, the monopolist will earn profit equal to _______.
Answer:
Profit = $4000
Explanation:
Fo a monopoly, the total profit is maximized where the marginal revenue is equal to the marginal cost
The profit is equal to the amount by which the revenue is exceed the cost .
Profit = Total revenue - total cost
Profit = (2000× $6) - (2000× $4)
Profit = $4,000
Answer:
profit = TR-TC
Explanation:
Profit = 2000*6-2000*4 = 4000
In his report, Wade described the strengths and weaknesses of each of his subordinates. He made a note of their past performances and the potential they displayed. He even provided suggestions for their improvements. Wade is using the ________ method of conducting a performance appraisal.
Answer:
Written essay
Explanation:
Written essay method is an approach of performance appraisal, where appraiser prepare a written statement about the strength and weekness of employee to appraise their performance, these strength and weekness are evaluated on the basis of past performance at the employment. It also suggest solution for performance improvement. It is one of the effective method of performance appraisal, however, it is time consuming.
In the given case, Wade have described strength and weekness of each subordinates and also suggested technique to improve performance, therefore, wade is using Written essay method of performance appraisal.
When economists state that "money is neutral," they mean that the: money supply does not affect real GDP or unemployment. money supply does not affect inflation or nominal GDP. overall price level has no effect on consumers; only relative prices do. overall price level has no effect on people's inflation expectations.
Answer:
They mean that the money supply does not affect real GDP or unemployment.
Explanation:
The neutrality of money is based on the idea that a change in the stock of money will only affect the nominal variables in the economy such as exchange rates, prices and wages, without affecting the real variables, which include; employment, real GDP, and real consumption. What this means is that the amount of money that is printed by the central banks can impact prices and wages but cannot impact the output or structure of the economy.
The brakes on Ned's Overland truck malfunction, but he continues to drive it. Unable to slow down, he crashes through a guardrail and careens off the road. In Ned's suit against Overland, the truck maker can raise the defense ofA. commonly known dangers.B. assumption of risk.C. inadequate warning.D. product misuse.
Answer:
B. assumption of risk
Explanation:
Assumption of risk is a doctrine in business law that a defendant can use in defense against a lawsuit filed by a plaintiff who is suing for damages. According to this doctrine, the plaintiff cannot hold the defendant liable for damages sustained in an activity or event in which the plaintiff voluntary took part in, knowing quite well the risk involved. If the defendant can prove that the plaintiff voluntarily assumed the risk, the plaintiff would be barred from recovering any damage sustained from such situation or accident.
Therefore, in Ned's suit against Overland, the truck maker can raise the defense of assumption of risk, in order not to be held liable for any damage sustained in the accident.
Environmentalists have continually argued for the use of alternatives to fossil fuels to generate energy. Harnessing wind power by setting up wind farms had been one alternative proposed and implemented. As it is now known that these wind farms lead to the slicing and dicing of migratory birds and the decimation of the local bat population, we could say that environmentalists have committed the: _________
Answer:
Mistake of ignoring secondary effects
Explanation:
Whenever there arises an adverse impact of a policy and it's implementation, owing to ignorance of secondary consequences, it is termed as ignoring secondary effects.
In short, it refers to assessing and viewing only the positive aspects of a policy or a move, meanwhile not taking into consideration the other adverse consequences which are also associated with the same policy.
In the given case, the environmentalists have only considered the generation of alternative sources of energy via windmills which will lead to preservation of fossil fuels. The proposed policy has been implemented without taking into account it's flip side i.e the harm it causes to bat population and migratory birds.
Thus, it can be stated that the environmentalists herein only considered the favorable outcome of a policy implementation and ignored the adverse effect of the same. Hence, they are said to have committed the mistake of ignoring the secondary effects.
When a firm advertises, it is attempting to: Move consumers along the existing demand curve. Shift the demand curve to the left. Decrease the marginal utility consumers receive from the product. Decrease the price elasticity of demand for the product.
Answer:
Decrease the price elasticity of demand for the product.
Explanation:
Price elasticity of demand for a good measures the responsiveness of the quantity demanded for a good with any change in the price level of the good.
The firm wants to lowers the value of price elasticity of demand by attempting to advertise, so that any change in the price level of the goods will have a less or no impact on the quantity demanded for the good.
If the price elasticity of demand is higher, this indicates that any small change in the price level will have a larger impact on the quantity demanded and if the price elasticity of demand is lower, this indicates that any small change in the price level will have a less or no impact on the quantity demanded.
Final answer:
Advertising aims to either make a firm's demand curve more inelastic or to increase demand by shifting the demand curve to the right, both of which potentially increase profits.
Explanation:
When a firm advertises, it is attempting to do one of two things in the context of monopolistic competition: either make its perceived demand curve become more inelastic, making it steeper, or increase the demand for the product, causing the perceived demand curve to shift to the right. A successful advertising campaign might allow the firm to sell more or charge a higher price, or both, meaning it can increase its profits. In contrast, the entry of other firms into the market generally causes a firm's perceived demand curve to shift to the left, which can reduce the quantity demanded at given prices and potentially decrease profits.
Roadbuilders, Inc, uses dynamite in its operations. Sky-Hi Fireworx, Inc, stores explosives in its warehouses. Most likely liable under the doctrine of strict liability for any injury caused by an abnormally dangerous activ¬ity will be:_________.
a. None of the choices.
b. Roadbuilders and Sky-Hi.
c. Roadbuilders only.
d. Sky-Hi only.
Answer:
The answer here would be option b. or Roadbuilders and Sky-Hi.Explanation:
In this case, Roadbuilders uses the dynamite in any operational activity/s it conducts and the Sky-Hi Firefox Inc, is responsible for storing and maintaining the explosives in the warehouse.Hence,based on the strict liability doctrine, all the concerned parties engaged in construction,hazardous manufacturing or any such harmful and life threatening commercial activities have to assume equal and undivided responsibility in preventing any potential physical injury,death or any kind of damages to any individual or party concerned.Therefore,in this case,assuming that both the parties or companies are involved in the dangerous activity mentioned, both of them will be legally liable to prevent any kind of physical injury or bodily damage or serious casualty to anyone due to their operational activity/s.Answer:
b. Roadbuilders and Sky-Hi.
Explanation:
Strict liability is a legal doctrine that imposes the legal liability for damages or injuries caused even if the person liable did not act with fault or negligence or without finding any fault. It only required to prove that the tort occurred and the individual is responsible. This doctrine applies only on three types of situations:
Manufacturing defect.Animal bites.Abnormally dangerous activities.In the given case, Both Roadbuilders and Sky-Hi are responsible for injury caused by an abnormally dangerous activity as they both involved in storing and using the explosive.
In order to develop the best customer base it can, Harrison's Gourmet Foods sends out different types of promotional items to see which one garners the best response in terms of customers who will buy once and come back to order again. The information Harrison's receives provides the basis for _____ modeling.
Answer:
The correct word for the blank space is: predictive.
Explanation:
Predictive modeling, also called predictive analytics, uses data gathered in research and graphics in an attempt to predict events of different types from sports to company earnings. Predictive modeling uses Information Technology (IT) to collect large amounts of data to have the most accurate information in the study that would allow individuals to find out what could happen in the future. Predictive modeling is based on repetitive inputs that could give us an idea that patterns are formed now and then predictably.
The data collected from the different promotional items would be used in predictive modeling. This data mining technique uses past data to predict future customer behavior and can help Harrison's Gourmet Foods develop the best customer base by informing their marketing strategies.
Explanation:In the context of the question, the information Harrison's Gourmet Foods collects from the response of the promotional items forms the basis for predictive modeling. Predictive modeling is a process used in data mining to forecast future outcomes based on historical data.
It looks at patterns and trends in the data to predict future events. In Harrison’s case, they can use predictive modeling to identify which promotional items are more likely to influence customers to buy again, and then adjust marketing strategies accordingly. The goal ultimately being to develop the best customer base.
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Arena Corp. leased equipment from Bolton Corp. and correctly classified the lease as a finance lease. The present value of the minimum lease payments at lease inception was $1,000,000. The executory costs to be paid by Bolton were $50,000, and the fair value of the equipment at lease inception was $900,000. What amount should Arena report as the lease liability at the lease's inception?
Answer:
$1,000,000
Explanation:
The Amount to be reported as lease liability must depict the present value of future cash outflows required to be paid as the entity enjoys its right to use the asset.
Thus, the present value of the minimum lease payments at lease inception was $1,000,000 represents the amount of lease liability.
Final answer:
The lease liability to be reported by Arena Corp. at the inception of the finance lease from Bolton Corp. is $1,000,000, focusing on the present value of minimum lease payments and excluding executory costs paid by Bolton.
Explanation:
The question involves understanding how to report a lease liability at inception, specifically for an Arena Corp. finance lease from Bolton Corp. The key figures provided are a present value of the minimum lease payments of $1,000,000, executory costs by Bolton of $50,000, and the fair value of the equipment at $900,000. To determine the Lease liability at inception for Arena Corp., we focus on the present value of the minimum lease payments, which directly impacts the liability on Arena Corp.'s balance sheet. In this case, since executory costs are paid by Bolton and do not affect Arena Corp.'s lease payments or its valuation of the leased equipment, the lease liability to be reported by Arena at the lease's inception is $1,000,000. This figure reflects the present value of Arena's obligation to make lease payments over the term of the lease.
Research a bank and find out what types of services they offer. Find out about the interest rates on its checking accounts and savings accounts. Also find out about what types of credit cards they offer and what interest rate they charge to the card holders.
Answer:
The Bank of America is one of the largest banks in the world, and offers a wide range of services. Among those we have:
Auto loansChecking and savings accountsCorporate bankingCredit cardsMortgage loansMedical bankingOnline bankingSmall business bankingThe annual percentage yield (APY) on both checking and savings accounts at the Bank of America is 0.01%. This is due to the low interest rates that the Fed has been implementing since the financial crisis of 2008-2009.
Three credit card options that the Bank of America offers:
Cash rewards credit card: with a variable annual percentage rate (APR) that ranges from 13.99% to 23.99%. Travel rewards credit card: with an APR that ranges from 14.99% to 22.99%Premium rewards credit card: with an APR that ranges from 15.99% to 22.99%
Pigskin Co., a U.S. corporation, sold inventory on credit to a British company on April 8, 2018. Pigskin received payment of 35,000 British pounds on May 8, 2018. The exchange rate was £1 = $1.54 on April 8 and £1 = 1.43 on May 8. What amount of foreign exchange gain or loss should be recognized?
Answer:
The foreign exchange loss is $3,850.
Explanation:
Foreign exchange gain or loss is the gain or loss made on transactions based on the movement in the exchange rates.
As at the time Pigskin Co. sold inventory on credit on April 8, 2018, the exchange rate was favorable to the company as it was £1 = $1.54. So, the value of the inventory was 35, 000 x $1.54 = $53,900 but the rate later moved downward when the company received payment on May 8, 2018 to £1 = $1.43, so the value of inventory sold became $50,050. Meaning that the company had suffered a loss of $50,050 - $53,900 = ($3,850). Alternatively, ($1.43 - $1.54) x 35,000 = ($3,850).
Plz cash app me plz plz plz plz
Answer:
no
Explanation:
no no no no no no no no no
Answer:
sorry i would if i had money i am broke
Explanation:
Prior to closing, a final walkthrough of the property should be performed to ensure that everything has remained as stated in the sales contract. The walkthrough is generally completed by the
A. appraiser.
B. lender.
C. seller.
D. buyer.
Answer:
D. Buyer
Explanation:
The buyer is the one who is interested in purchasing the property and becoming the new owner. A walkthrough which involves inspecting the property and making sure everything has remained stated and is in order is done by the buyer who is interested in owning the property. A buyer can always demand for a walkthrough. The walk through gives the buyer time to inspect the property before closing.
The united states has the number one gross domestic product (gdp). but countries like iceland, norway, and 10 other industrialized nations rank higher on the human development index (hdi). why is that? check all that apply.
Answer:
The reason is that aside the gdp the human development index is calculated based on three factors namely
1. life expectancy
2. Education
3. per capita income
And these countries are doing perfectly well as compared to the USA based on the above
Explanation:
What is the human development index (HDI)?
The Human Development Index (HDI) is a statistic composite index of life expectancy, education, and per capita income indicators, which are used to rank countries into four tiers of human development.
A country scores a higher HDI when the lifespan is higher, the education level is higher, and the gross national income GNI (PPP) per capita is higher.
Answer:
Iceland and Norway put more value on HDI factors.
Resources for any country are finite and there is a balance between GPD and HDI.
Iceland and Norway are not as focused on business as the United States.
The United States places more value on work and business than on HDI factors.
Explanation:
Lewis Company traded machinery with a book value of $950,000 and a fair value of $900,000. It received in exchange from Timmons Company a machine with a fair value of $1,000,000. Lewis also paid cash of $100,000 in the exchange. Timmons s machine has a book value of $950,000. What amount of gain or loss should Lewis recognize on the exchange (assuming lack of commercial substance)
Answer:
Lewis should recognize a gain on the exchane of $13,636
Explanation:
In order to calculate the amount of gain or loss should Lewis recognize on the exchange, first we have to determine the amount of gain with the followig formula:
Gain=Total value of the machine received-Book value of machine exchanged
=(cash received+fair value of machine received)- $950,000
=($100,000+$1,000,000)-$950,000
=$ 150,000
Next, In order to calculate the amount of gain or loss should Lewis recognize on the exchange we have to use the following formula:
recognize gain or loss=( cash received )× gain
cash received+fair value of equipment received
= ( $ 100,000 )× 150,000
$100,000+$1,000,000
=$13,636
Lewis should recognize a gain on the exchane of $13,636
Since lower-income people spend a larger proportion of their incomes on groceries than do higher-income people, if grocery stores were required by law to charge a 10-cent fee for disposable bags, this fee could be considered a Select one: a. progressive tax. b. proportional tax. c. income tax. d. regressive tax.
Answer:
d. regressive tax.
Explanation:
Because as we can see on the given statements that lower income people come to buy grocery than the higher income people, so the 10-cent fee for disposable bags will come under regressive tax, as we know that regressive tax is a tax in which is taken or collected largely from the lower income people than the higher income people.
So, the correct option will be OPTION (d).
Chaz loves to play a Disney online pirate game in which he gets to create a pirate by choosing hair color, skin color, clothing, and physical features. Then he gets to choose from a variety of quests and can sail a ship, dig for treasure, fight skeleton pirates, or fight the British Navy. This game provides what element of value?a. Co-creationb. Earning of trustc. Offering products that performd. Avoiding unrealistic pricinge. Giving facts