BUSINESS COLLEGE

An agent informs owners in an area that a decline in property values over the past five years is due to an influx of minority families. He suggests that the trend will continue, and advises them to sell before it is too late. This agent is probably guilty of

Answers

Answer 1
Answer:

Answer:

This agent is probably guilty of

Blockbusting

Explanation:

Blockbusting is an illegal act. It is a manipulative method used by real estate agents to get homeowners to sell or rent their property at a cheaper rate by lying to them that the socioeconomic demography of the neighborhood is changing, so they have to sell before it is too late. This can be seen in how the agent informs the owners that their property experienced a decline in the past 5 years because of the minorities who moved in. The Fair Housing Act of 1968 makes blockbusting illegal.

Related Questions

It costs Vaughn Company $26 per unit ($18 variable and $8 fixed) to produce its product, which normally sells for $38 per unit. A foreign wholesaler offers to purchase 4800 units at $21 each. Vaughn would incur special shipping costs of $2 per unit if the order were accepted. Vaughn has sufficient unused capacity to produce the 4800 units. Required:(a) If the special order is accepted, what will be the effect on net income?
A labor contract provides for a first-year wage of $10 per hour, and specifies that the real wage will rise by 3 percent in the second year of the contract. The CPI is 1.00 in the first year and 1.07 in the second year. What dollar wage must be paid in the second year?
3) Write code in a language of your choice that checks a source file (input file in plain text format) that separates lexemes by white space and special characters. This lexical analyzer will only have tokens for special characters and alphanumeric strings. Ie: 2345 6tgbsauhd9sa67*I{OPKDSl;jaklhl Would be 2345 6tgbsauhd9sa67 * I { OPKDSl ; jaklhl
In January, 2006, Findley Corporation purchased a patent for a new consumer product for $720,000. At the time of purchase, the patent was valid for fifteen years. Due to the competitive nature of the product, however, the patent was estimated to have a useful life of only ten years. During 2011 the product was permanently removed from the market under governmental order because of a potential health hazard present in the product. What amount should Findley charge to expense during 2011, assuming amortization is recorded at the end of each year?a. $480,000.b. $360,000.c. $72,000.d. $48,000.
Using the interest formula, compute the interest and maturity values for each of the following notes: Principal Interest Term Rate $4,000 11.5% 60 days $10,000 11.75% 90 days $6,500 12.75% 60 days $900 12.25% 120 days

How could job characteristics theory guide Andrea as she considers ways of combining areas for the staffers? Is there a way to give the new versions of their jobs a higher satisfaction potential than the pre-downsizing versions?

Answers

Answer:

Job characteristics theory could guide Andrea as she considers ways of combining areas for the staffers by developing a more challenging versatile job functions that will stimulate performance.

Explanation:

The Job Characteristics Model is a theory that is based on the idea that a task in itself is the key to the employee's motivation. In short, a boring and monotonous job is disastrous to an employee's motivation whereas a challenging, versatile job has a positive effect on motivation.

According to the tenets of job characteristics model, a more challenging and versatile job will give higher satisfaction potential than the pre-downsizing versions which could be counter productive and depressing.

) Candy Man, Inc. reports the following information: Beginning Finished Goods Inventory 60 units Units produced 550 units Units sold 610 units Sales price $130 per unit Direct materials $17 per unit Direct labor $10 per unit Variable manufacturing overhead $17 per unit Fixed manufacturing overhead $14,000 per year Variable selling and administrative costs $6 per unit Fixed selling and administrative costs $12,500 per year What is the unit product cost using variable costing

Answers

Answer:

$44

Explanation:

Given that

Direct material cost = $17

Direct labor cost = $10

Variable manufacturing overhead = $17

The computation of unit product cost using variable costing is shown below:-

Unit product cost = Direct material cost + Direct labor cost + Variable manufacturing overhead

= $17 per unit + $10 per unit + $17 per unit

= $44

Therefore for computing the unit product cost we simply added the direct material cost, direct labor cost and variable manufacturing overhead.

Brainliest for anyone if they get this CORRECT.

Answers

Answer:

6

Explanation:

Find the percentage for 24% of 25.

That's how I did mine.

Answer:

UR FACE

Explanation:

magic

Big and Tall, CPAs, were auditing Mountain Corporation for the year ended December 31, 2019. On January 15, 2020, a major customer of Mountain Corporation declared bankruptcy as the result of an uninsured loss due to a major fire in their warehouse on January 10, 2020. As a result, a material accounts receivable from the customer was determined to be uncollectible. Big and Tall, CPAs, would expect the client to:________. A. Record the loss on uncollectible accounts as a routine transaction in the year 2020.
B. Treat the loss as a subsequent event and adjust the 2019 financial statements to record the loss on uncollectible accounts.
C. Treat the loss as a subsequent event and provide a footnote about the loss in the 2019 financial statements.
D. File a lawsuit against the customer in hopes of collecting some of the money owed to the client.

Answers

Answer:

The correct answer is Option B.

Explanation:

Based on IAS 10 Events after the Reporting Period, subsequent events can be an adjusting event or non-adjusting event. If it is an adjusting event, it means an event after the reporting date before the audited financial statements are signed that provides further evidence of conditions that existed at the reporting date. However, non-adjusting events are events after the reporting date that are indicative of a condition that arose after the reporting date, this requires disclosure in the financial statements while for adjusting events, the financial statements are adjusted for condition that arose after the reporting date.

The declaration of the customer as bankrupt is an adjusting event since it affects the receivable collection, hence the need to adjust it as uncollectible,

Jensen Company uses the percentage of credit sales method for calculating Bad Debt Expense. The company reported $216,000 in total sales during the year; $178,000 of which were on credit. Jensen has experienced bad debt losses of 6% of credit sales in prior periods. What is the estimated amount of Bad Debt Expense for the year

Answers

Answer:

$10,680

Explanation:

Bad debt expense can be seen as an account receivables which are uncollectible during a period of time because of the customers inability to fulfill his /her financial obligations which therefore result into bad debt.

(Bad Debt Expense = Net credit sales × Bad debt loss rate )

= $178,000 × 0.06 = $10,680

Therefore the estimated amount of Bad Debt Expense for the year is $10,680

On January 1, 2020, the Carla Vista Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2020. Sales units: First quarter 5,500; second quarter 6,600; third quarter 7,300.
Ending raw materials inventory: 40% of the next quarter’s production requirements.
Ending finished goods inventory: 25% of the next quarter’s expected sales units.
Third-quarter production: 7,740 units.

The ending raw materials and finished goods inventories at December 31, 2019, follow the same percentage relationships to production and sales that occur in 2020. 5 pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $5 per pound.
Prepare a production budget by quarters for the 6-month period ended June 30, 2020

Answers

Answer and Explanation:

The preparation of production budget is shown below:-

                               Carla Vista Company

                               Production budget

                         For 6 months Ending June 31

                                      Quarter 1         Quarter 2      Six months

Expected unit sales      5,500               6,600

Add: Desired ending finished

goods unit                     1,650                1,825

                                (6,600 × 25%)  (7,300 × 25%)

Total required units     7,150                  8,425

Less: beginning finished

goods unit                    1,375                  1,650

                             (5,500 × 25%)    (6,600 × 25%)

Required production

units                              275                     6,775            7,050
Other Questions
Hatch Company has two classes of capital stock: 8%, $20 par preferred and $5 par common. At December 31, 2017, the following accounts were included in stockholders' equity. Preferred Stock, 1,000,000 shares authorized, 150,000 shares outstanding $3,000,000 Common Stock, 5,000,000 shares authorized, 2,000,000 shares outstanding $10,000,000 Paid-in Capital in Excess of Par - Preferred Stock $200,000 Paid-in Capital in Excess of Par - Common Stock $27,000,000 Retained Earnings $4,500,000 The following transactions affected stockholders' equity during 2018. Jan. 1 - 30,000 shares of preferred stock issued at $22 per share. Feb. 1 - 100,000 shares of common stock issued at $20 per share. June 1 - Declared a 5% stock dividend on the outstanding common stock when the stock is selling for $25 per share. June 20 - Issued the stock dividend declared on June 1. July 1 - 30,000 shares of common treasury stock purchased at $10 per share. Sept. 15 - 10,000 shares of treasury stock reissued at $11 per share. Dec. 31 - The preferred dividend is declared, and a common dividend at $0.50 per share is declared. Dec. 31 - Net income is $2,100,000. Required: 1. Prepare Journal Entries to Record the Transactions. 2. Prepare the stockholders' equity section for Hatch Company at December 31, 2018. Show all supporting computations.
As the Toronto-based Four Seasons hotel chain remodels an existing hotel in Mumbai to bring it to the five-star hotels exacting standards, it is building a magnificent revolving restaurant overlooking the Arabian Sea at World. The restaurant structure is an example of a(n):
Novak Company acquired a plant asset at the beginning of Year 1. The asset has an estimated service life of 5 years. An employee has prepared depreciation schedules for this asset using three different methods to compare the results of using one method with the results of using other methods. You are to assume that the following schedules have been correctly prepared for this asset using (1) the straight-line method, (2) the sum-of-the-years'-digits method, and (3) the double-declining-balance method.Year Straight-Line Sum-of-the-Years'-Digits Double-Declining-Balance1 $15,750 $26,250 $35,0002 15,750 21,000 21,0003 15,750 15,750 12,6004 15,750 10,500 7,5605 15,750 5,250 2,590Total $78,750 $78,750 $78,750Required:a. What is the cost of the asset being depreciated?b. What amount, if any, was used in the depreciation calculations for the salvage value for this asset?c. Which method will produce the highest charge to income in Year 1?d. Which method will produce the highest charge to income in Year 4?e. Which method will produce the highest book value for the asset at the end of Year 3?f. If the asset is sold at the end of Year 3, which method would yield the highest gain (or lowest loss) on disposal of the asset?
The following information was available for Paul Company at December 31, 2020: beginning inventory $90,000; ending inventory $70,000; cost of goods sold $968,000; and sales $1,360,000. Paul’s inventory turnover in 2020 wasa21.5 days.b.26.4 days.c.30.2 days.d.33.8 days.