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kiruha [24]
1 year ago
9

By 2015, the foreclosure rate was down by 20%. The metropolitan statistical areas showing the highest percentage of improvement

included all of the following EXCEPT
Business
1 answer:
sweet-ann [11.9K]1 year ago
6 0

The correct option is C) Washington, D.C.

By 2015, the foreclosure rate was down by 20%. The metropolitan statistical areas showing the highest percentage of improvement included all of the following except "Washington, D.C".

<h3>What is foreclosure rate?</h3>

The process of foreclosure starts when a borrower is unable to make their mortgage payments. When a mortgage is foreclosed, the lender normally seizes the property and makes an effort to sell it. This occurs when real estate is utilised as security for mortgage loans, making your house a form of security.

The given are the ways to avoid Foreclosure-

  • Ask For Forbearance: As you may remember, forbearance enables borrowers to temporarily suspend mortgage payments while they recover their savings, boost their income, or pay down debt in the wake of financial troubles.
  • Apply For A Refinance: Refinancing into a more manageable payment can prevent you from going into default on the loan if you're worried about going through with a foreclosure. This regrettably isn't a possibility for everyone since it can only really be done if you haven't missed a payment.
  • Ask For A Mortgage Reinstatement: If you experienced temporary financial issues that have subsequently disappeared, speak with your servicer to learn about your alternatives.
  • Apply For A Short Sale: Selling your house for less than what is owed on the mortgage is known as a short sale. This requires the lender's approval, and all of the sale's proceeds will go to the lender.

To know more about fastest-growing foreclosure rates, here

brainly.com/question/22474347

#SPJ4

The complete question is -

By 2015, the foreclosure rate was down by 20%. The metropolitan statistical areas showing the highest percentage of improvement included all of the following EXCEPT

A) Los Angeles.

B) Miami.

C) Washington, D.C.

D) Atlanta.

Washington, D.C.

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Orion Iron Corp. tracks the number of units purchased and sold throughout each year but applies its inventory costing method at
sammy [17]

Answer:

Part 1.

Number = 2,000 units and Cost  = $26,800

Part 2.

1,040 units

Part 3.

a. FIFO

Ending Inventory  = $14,580

Cost of Goods Sold  = $12,220

b. LIFO

Ending Inventory = $13,180

Cost of Goods Sold  = $13,620

c. Weighted Average Cost

Ending Inventory = $13,936

Cost of Goods Sold = $12,864

Part 4.

Orion Iron Corp.

Income Statement

                                            FIFO               LIFO         Weighted Average

Sales (960 x $42)          $40,320          $40,320               $40,320

Less Cost of Sales        ($12,220)         ($13,620)               ($12,864)

Gross Profit                    $28,100          $26,700                $27,456

Less Expenses

Operating Expenses    ($18,000)         ($18,000)              ($18,000)

Net Income                     $10,100            $8,700                 $9,456

Part 6.

Weighted Average method minimizes Income taxes as it provides lowest profits than the rest of the methods.

Explanation:

Periodic Inventory method ensures that Cost of Sales and Inventory Value are determined at the end of the period.

Cost of Goods Available for Sale = Beginning Inventory + Purchases

therefore,

Number = 350 + 950 + 700 = 2,000 units

Cost = 350 x $14 + 950 x $12 + 700 x $15 = $26,800

Units in Ending Inventory = Units available for sale - Units sold

therefore,

Units in Ending Inventory = 2,000 - ( 350 + 610 ) = 1,040

FIFO

<em>This method assumes that the units to arrive first, will be sold first.</em>

Ending Inventory =  340 x $12 + 700 x $15 = $14,580

Cost of Goods Sold = 350 x $14 + 610 x $12 = $12,220

LIFO

<em>This method assumes that the units to arrive last, will be sold first.</em>

Ending Inventory = 690 x $12 + 350 x $14 = $13,180

Cost of Goods Sold = 700 x $15 + 260 x $12 = $13,620

Weighted Average Cost

This method calculates a new unit cost based on units available for sale after each and every purchase. This unit cost is then used to determine the cost of sales and inventory value.

Unit Cost = Total Cost ÷ Units available for sale

                = $26,800 ÷ 2,000 units

                = $13.40

Ending Inventory = Units in Inventory x Unit Cost

                             = 1,040 x $13.40

                             = $13,936

Cost of Goods Sold = Units Sold x Unit Cost

                                 = 960 x $13.40

                                 = $12,864

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Calculate PV of a 10-year annuity discounted at 6% interest rate; PV = $11,040.13.

Explanation:

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Explain 10 reasons why a joint stock company is preferable to a one man's business<br>​
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Answer:

Advantages of a Joint Stock Company

One of the biggest drawing factors of a joint stock company is the limited liability of its members. their liability is only limited up to the unpaid amount on their shares. Since their personal wealth is safe, they are encouraged to invest in joint stock companies

The shares of a company are transferable. Also, in the case of a listed public company they can also be sold in the market and be converted to cash. This ease of ownership is an added benefit.

Perpetual succession is another advantage of a joint stock company. The death/retirement/insanity/etc does affect the life of a company. The only liquidation under the Companies Act will shut down a company.

A company hires a board of directors to run all the activities. Very proficient, talented people are elected to the board and this results in effective and efficient management. Also, a company usually has large resources and this allows them to hire the best talent and professionals.

Disadvantages of a Joint Stock Company

One disadvantage of a joint stock company is the complex and lengthy procedure for its formation. This can take up to several weeks and is a costly affair as well.

According to the Companies Act, 2013 all public companies have to provide their financial records and other related documents to the registrar. These documents are then public documents, which any member of the public can access. This leads to a complete lack of secrecy for the company.

And even during its day to day functioning a company has to follow a numerous number of laws, regulations, notifications, etc. It not only takes up time but also reduces the freedom of a company

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Sarah, the controller of a large beverage supplier, supervises two employees. Her boss, Vladimir, instructs her to increase the
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Answer: Sarah failed to evaluate a potential ethical issue.

Explanation:

From the question, we are informed that Sarah who is the controller of a large beverage supplier, supervises two employees and that her boss, Vladimir, told her to increase the company's inventory balance for an amount that is material to the financial statements by crediting several small "miscellaneous" expense accounts.

We are further told that Sarah does not know the reason behind this but told one of her staff to make them because she has been instructed to do so.

We can see that Sarah failed to evaluate a potential ethical issue. She didn't evaluate the effect of what she is doing. In this case, what her boss told her to do could be a case of fraud and she just obliged without asking questions which will put her conscience at ease in case anything happens but the fact that she just did it without asking questions or thinking if what she has done is morally right or wrong, it shows that Sarah failed to evaluate a potential ethical issue.

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