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3 years ago

The primary goal of the consumer financial protection bureau is

2 answers:

7 0

The Consumer Financial Protection Bureau (CFPB) is not well-known to many people. It’s a relatively new government organization that’s part of the Federal Reserve. The CFPB was created after the financial crisis<span> of 2008 to protect consumers – hence the name. Before the CFPB was created, the responsibility to protect consumers was divvied up among several government agencies. But consumer protection is the CFPB’s primary focus. </span>

Mashutka [201]3 years ago

7 0

Answer:

To protect consumers by regulating financial products and services.

Explanation:

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If a gain of $221000 is realized in the cash sale of a building having a book value of $882000, the total amount reported in the

djyliett [7]

Answer:

$1,103,000

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

For assets disposed, the amount received from the disposal is the amount recorded as an investing activity.

Amount received - Book value of asset = Gain on disposal

Amount received = $221000 + $882000

= $1,103,000

8 0

3 years ago

What must a landlord or homeowner post that informs workers that the homeowner is not responsible for the work being performed?

Phantasy [73]

Answer:

A notice of cessation

Explanation:

A notice of cessation is a written notice that is issued by the contractee or the owner of a project (or his or her agent) to inform concerned parties that no work has been performed at the project site for a certain period. This notice also sets the time frame within which the affected parties may carry out their lien rights against one another

5 0

3 years ago

Costello Corporation reported pretax book income of $500,900. During the current year, the reserve for bad debts increased by $6

raketka [301]

Answer:

Deferred income tax expense = $7,161

Explanation:

Given:

Bed debts increase = $6,800

Depericiation increase = $40,900

Tax-exempt life insurance = $3,450

Computation:

Assume tax rate = 21%

Taxable difference = 40,900 - 6,800

Taxable difference = 34,100

Deferred income tax expense = 34,100 × 21%

Deferred income tax expense = $7,161

6 0

3 years ago

A company has the following asset account balances: Buildings and equipment $9,200,000 Accumulated depreciation 1,200,000 Patent

Elis [28]

Answer:

$14,000,000

Explanation:

To be reported under Property, Plant and Equipment:

= (Buildings and equipment - Accumulated depreciation) + Land Improvements + Land

= ($9,200,000 - $1,200,000) + $1,000,000 + 5,000,000

= $8,000,000 + $1,000,000 + 5,000,000

= $14,000,000

Note:

(1) Intangible Assets (Patents) will be reported after Plant, Property and Equipment. These are not a part of plant, Property and Equipment.

(2) There is no information about the useful life of the Land, so the value of land improvements will be included in the property, plant, & equipment section.

7 0

3 years ago

Cachita Haynes works as a currency speculator for Vatic Capital of Los Angeles. Her latest speculative position is to profit fro

VARVARA [1.3K]

Answer:

Cachita should buy put on yen

Explanation:

Given:

The current spot rate = ¥120.00/$

in US $/¥ = $\frac{\textup{1}}{\textup{120.00}}$

in US $/¥ = 0.0083

Maturity time = 90 days

Put on Yen Call on Yen

Strike Price 125/$ 125/$

Strike Price in $/¥ 0.008 0.008

Premium 0.00003/$ 0.00046/$

Therefore,

Here the strike price for put on Yen and call on Yen are same

but the premium for Put on Yen is less than the premium for the call on Yen

Therefore, Cachita should buy a put on yen to get the profit from the rise of the dollar

5 0

3 years ago