Answer:
fair housing laws
Explanation:
The Fair Housing Act refers to the act created to bring an end to unfair practices that involve all housing-related activities. The Law was formed with the perception that each person is entitled to rent a house, buy a home, or obtain a loan on a house without fear of discrimination because of their participation in the same class of individuals.
The Fair Housing law was developed to educate tenants, lenders, investors and tenants on the patterns of accommodation that can be considered unfair.Though, the real pioneering regulation has been the 1968 Fair Housing Act that was created one week since Martin Luther King Jr. was assassinated.
The seller could be sued for violating fair housing laws if they refuse to show a property to a minority. These laws specifically prevent discrimination in housing. The other provided options are related to housing, but in different contexts.
If a seller refuses to show a property to a minority, the seller could be sued for violating b. fair housing laws. These laws prohibit discrimination based on race, color, national origin, religion, sex, familial status, or disability in the sale, rental, or financing of housing. The other options mentioned (HUD, the Equal Opportunity Act, and RESPA) are connected to housing and discrimination but under different contexts. HUD (Department of Housing and Urban Development) implements and oversees the Fair Housing Act. The Equal Opportunity Act is broader and covers various forms of discrimination in multiple fields beyond housing. RESPA (Real Estate Settlement Procedures Act) deals with mortgage loans and closing procedures, but not necessarily discrimination.
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Answer:
Break-even point in units= 2,000
Explanation:
Giving the following information:
Fixed costs= $6,000
Selling price= $6 each
Unitary variable cost= $3
To calculate the break-even point in units, we need to use the following formula:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 6,000 / 3
Break-even point in units= 2,000
b. A $20 bill
c. A bond issued by a publicly traded company
d. Your car
Required:
Write down the assets in order of their liquidity, from most liquid to least liquid.
Answer:
1. A $20 bill
2. A bond issued by a publicly traded company
3. The funds in a money market account
4. Your car
Explanation:
Liquidity means that how easily an asset can be converted into cash.
1. Currency is the most liquid means of medium of exchange, so $20 bill is highly liquid asset.
2. A publicly traded bond can be converted into cash within a couple of days, so it is second most liquid asset.
3. The funds invested in the money market can be withdrawn within agreed period of time which can be in months or days so it can be at seconf or third most liquid asset.
4. A car can take more than a month to locate a customer to sell it at appropriate price so it is the least liquid asset.
The order of liquidity, from most liquid to least liquid, is: funds in a money market account, a $20 bill, a bond issued by a publicly traded company, and your car.
In order of liquidity, from most liquid to least liquid, the assets would be:
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b. With the help of a friend (who majored in accounting), you determine that all of the goods sold during January cost $48,000 to purchase.
c. During the month, according to the checkbook, you paid $42,000 for salaries, rent, supplies, advertising, and other expenses; however, you have not yet paid the $1,000 monthly utilities for January on the store and fixtures.
Required:
On the basis of the data given (disregard income taxes), what was the amount of net income for January?. (Hint: A convenient form to use has the following major side captions: Revenue from Sales, Expenses, and the difference—Net Income.)
Answer:
The amount of net income for January was $24,100
Explanation:
Revenues from sales $115,100 (for this analysis is not important if the sales were in cash or on credit)
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Cost of goods sold $48,000
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Gross profit $67,100
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Salaries, rent, supplies, advertising, other expenses and monthly utilities (it is not important for this analysis if all the exenses were paid) -$43,000
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Net income $24,100
The net income for Campus Connection for the month of January is calculated by subtracting the total expenses ($91,000) from the total sales ($115,100), which equals $24,100.
To calculate the net income for January for Campus Connection, we need to consider the revenues and expenses for the month.
First, let's calculate the total revenues. Cash sales amount to $112,000 and the credit sales to $3,100. Therefore, the total revenues for the month of January equal $115,100.
Next, we calculate the total expenses. We know from the data given that the cost of goods sold equals $48,000. Also, the other expenses such as salaries, rents, supplies, and advertising total to $42,000. However, the utilities for January have not yet been paid. This adds an additional $1,000 to the expenses. So the total expenses for January are $48,000 (cost of goods sold) + $42,000 (other expenses) + $1,000 (unpaid utilities) = $91,000.
The net income is calculated by subtracting the total expenses from total revenues; thus $115,100 (sales) - $91,000 (expenses) = $24,100. Therefore, the net income for Campus Connection for January is $24,100.
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(B) manages transportation and warehousing functions.
(C) consumes about one-half of every dollar spent on products in the United States.
(D) links producers to other marketing intermediaries.
(E) directs the flow of products from producers to customers.
Answer:
Option E
Explanation:
In simple words, A marketing channel refers to the individuals, organizations, and practices that are required to complete the sale of commodities from the point of manufacturing to the points of consumption.
It is the manner in which products reach the final-user, the consumer; and is also regarded as a method of delivery. A communication platform is a valuable management tool and is essential to the creation of an efficient and well-prepared marketing strategy.
Thus, from the above we can conclude that the correct option is E.
b. rise, so firms decrease investment.
c. fall, so firms increase investment.
d. fall, so firms decrease investment.
Write down the journal entry.
Answer and Explanation:
The journal entry is shown below:
Cash $1,050
Cash short and over $9
Sales revenue $1,059
(Being the cash collection is recorded)
Here we debited the cash as it increased the assets and credited the sales revenue as it also increased the revenue and the difference is debited to cash short and over