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kykrilka [37]
3 years ago
8

g McGuire was an employee of First National Bank of Grayson (FNBG). FNBG participated in a Kentucky Housing Corporation (KHC) pr

ogram in which KHC loaned money to financial institutions. The institutions would then make low-interest loans to low-income individuals who qualified for purchase of a home. FNBG received the funds and produced bogus paperwork for 80 loans but never loaned the money. Instead, they invested the money at a high rate of interest. Eventually the money was returned to KHC, but McGuire was charged with making false records and fraud. Can McGuire, as an employee, be held liable?
Business
1 answer:
Crazy boy [7]3 years ago
6 0

Answer:

The court concluded truthfully, as he had done all the analysis and acknowledged the documentation and investment purposes.

The program scammed funds which might have been used for small-income housing by the government agency.

<em>United States v. McGuire, 744 F.2d 1197 (Cir. 11, 1984).</em>

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Suppose that you are participating in a game show. so far, you have won $10,000 free of tax and can leave with your winnings.how
olga nikolaevna [1]

Answer

I would stop playing and leave with the $10000 free of tax

Explanation

The truth in such games is that they are not designed to be exactly 50/50. There are possibilities for outcomes that will tie or loose. Furthermore, a game that is really 50/50, the house will deduct some commission. These games always have a room for the house advantage, thus for me, I will just go with $10000 fortune!


3 0
3 years ago
Read 2 more answers
New shoes are on SALE. You find a pair you like for $85 dollars. But you only have $45 with you. So, you pay $40 and charge the
stepladder [879]

Answer:

$46.8

Explanation:

The shoe is worth $85. You pay a deposit of $40. The balance is $45.

So $45  is charged at 8% interest for six months.

Simple interest I= p x r x t

In this case, p is $45,

r is 8%

t= 6 months or 0.5 years

I = $45 x 8/100 x 0.5

I= $45 x 0.08 x 0.5

I=$1.8

The total amount owed will be $45 + $1.8

=$46.8

8 0
2 years ago
Read 2 more answers
​________ represents a debt owed for renting a building.A.Rent PayableB.Rent ExpenseC.Rent RevenueD.Prepaid Rent
krek1111 [17]

Answer:

A. Rent Payable

Explanation:

Rent Payable refers to an expense which is certain and is to be paid in future. It represents a debt in the sense that it is an obligation which is required to be met in the near future.

The journal entry for rent payable is recorded as follows,

Rent A/C                                                       Dr.

     To Rent Payable A/C

(Being rent payable recorded)

Rent Payable A/C is a liability while rent is an expense. Expenses are debited and liabilities are credited so as to recognize them.

6 0
3 years ago
Suppose the government enacts a price floor on milk, which leads to a surplus in the market. How will the government then attemp
Anna [14]

Answer:

Price Floor led Excess Supply can be solved by : Preserving goods Buffer Stock ; or processing goods to increase their shelf life (in case of perishable goods like Milk)

Explanation:

Unregulated markets are at equilibrium where : market demand , market supply are equal ; and downward sloping demand curve , upward sloping supply curve intersect.

Price Floor is minimum mandated price set by government, below which a good can't be sold in the market. It is usually set above equilibrium price, to protect interest of sellers. Example : Minimum Support Price as minimum agricultural  goods price to protect interest of farmers, Given Milk Price floor case.

Price Floor creates artificially higher prices ; so increases supply, decreases supply & hence creates Excess Supply. Government can solve this excess supply by preserving stock supply for contingent times , eg -  maintaining buffer stock. If the good is of perishable nature, as given milk case : it should be processed further to increase its shelf life, eg - cheese, such that the stock supply can be released at a slower pace.

3 0
3 years ago
Article IV of the Constitution obligates states to give this to one another's citizens.
enyata [817]
C i think grrr

enneves
3 0
3 years ago
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