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Helga [31]
3 years ago
5

A Municipal Finance Professional (MFP) lives in State A. The MFP gives $200 to the election campaign of a personal friend who is

running for Governor of State B. Which statement is TRUE? A The payment will not result in the employing firm being banned from doing municipal securities business with State B because the amount is below the $250 de minimis amount B The payment will not result in the employing firm being banned from doing municipal securities business with State B because it was made based on a personal relationship C The payment will not result in the employing firm being banned from doing municipal securities business with State B because it only applies to payments made in State A D The payment will result in the employing firm being banned from doing municipal securities business with State B
Business
1 answer:
Darya [45]3 years ago
8 0

Answer:

B The payment will not result in the employing firm being banned from doing municipal securities business with State B because it was made based on a personal relationship.

Explanation:

The rule of de minimis applies to persons making donations to candidates vying for elective positions.  $250 de minimis is applicable to a person who will vote for a candidate in an election.  If a person will not vote for the candidate, the de minimis is $150.

In this case, the MFP will not be voting for the candidate.  She is allowed to donate only $150.  Any excess will be refunded.  However, since the MFP is making the donation on his personal capacity, the firm as a separate entity will not be penalized for what the MFP does with her money.  It is likely that the firm does not even do contracts with the municipality.  However, they are not based in the same area.

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Alex17521 [72]

Answer:

C. decreased by $40 billion

Explanation:

For computing the lending ability, first we have to determine the money multiplier which is shown below:

We know that

Money multiplier = 1 ÷ reserve ratio

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So, the total cash would be

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= $50 million

Now the lending ability would be

=$50 billion × (1 - 20%)

= $50 billion × 0.80

= $40 billion

6 0
3 years ago
Kite Sales. Wendy is president of a business that manufactures kites. The kites of her company, ABC Kites, are sold to large toy
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Answer:

She violated the duty of loyalty

Explanation:

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Similar to this is the duty of loyalty that prevents the director from acting against the interest of the company and also guide the director against activities that could bring conflict of interest whereby he is involved in reaping personal benefits from the position she occupies .

This describes Wendy's action of personal dealing based on her position as the president of Kite sale

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3 years ago
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Ierofanga [76]

Answer:

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Explanation:

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nikitadnepr [17]

Answer:

False.

Explanation:

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So checking the product at the last stage is counter-productive.

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What are the costs of “freebie” items?
Oliga [24]

Answer:

The costs of a “freebie” item includes resources to make, a person's labor, and the cost to the store to offer it to us as free.

Explanation:

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3 years ago
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