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Yanka [14]
3 years ago
5

The owner of a single-family house in which he lives wants to sell. If he does not use discriminatory language in advertising, h

as not sold any other house within the past two years, and does not employ an agent, may he discriminate on the basis of race in selecting a purchaser?
Business
1 answer:
Rzqust [24]3 years ago
4 0

Answer:

The answer is: No, he can't discriminate.

Explanation:

The Civil Rights Act of 1866 defined citizenship without distinction of race or color, and stated that all citizens are equally protected by the law.

So the owner of the house (as well as everyone else in this country) is prohibited by law to discriminate potential buyers on the basis of race.

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The following information pertains to Peak Heights Company:
Delvig [45]

Answer:

Peak Heights Company

PEAK HEIGHTS COMPANY

Statement of Cash Flows

Operating Activities Section

Net income                                             $15,625

Non-cash flow: Depreciation                    6,700

Changes in working capital:

Accounts receivable                              -$4,400

Inventory                                                   4,000

Salaries payable                                          750

Net cash from operating activities     $22,675

Explanation:

A) Data and Calculations:

Peak Heights Company:

Income Statement for Current Year

Sales                                                        $85,900

Expenses Cost of goods sold $51,675

Depreciation expense                6,700

Salaries expense                       11,900    70,275

Net income                                             $15,625

Partial Balance Sheet   Current year   Prior year    Changes

Accounts receivable         $9,800         $14,200     -$4,400

Inventory                             13,100             9,100         4,000

Salaries payable                  1,620                870            750

5 0
3 years ago
Tim will be receiving a $10,000 bonus one year from now. the process of determining how much that bonus is worth today is called
NNADVOKAT [17]

Answer:

It is called <u>discounting</u>

Explanation:

Hope your day goes well !!! :)

7 0
2 years ago
Libby Company purchased equipment by paying $6,700 cash on the purchase date and agreed to pay $6,700 every six months during th
vladimir1956 [14]

Answer:

The answer is $53,732.

Explanation:

The value of the equipment reported on Libby Company's balance sheet is equal to:

Cash payment at purchase + Present value of 8 equal semiannual payment, $6,700 each discounted at 3% ( because semiannual payment is made for 4 years so we have 2 x4 = 8 payments; and annual borrowing rate is 6% so we have discount rate = 6% /2 = 3%).

with:

Cash payment at purchase = $6,700;

Present value of 8 equal semiannual payment, $6,700 each discounted at 3% = (6,700/3%) x ( 1 - 1.03^(-8) ) = $47,032 ( that is, apply the formula to find present value of annuity).

we have:

The value of the equipment reported on Libby Company's balance sheet = 6,700 + 47,032 = $53,732.

5 0
3 years ago
A retained earnings appropriation is a restriction of retained earnings by
Solnce55 [7]

the answer is C. the board of directors

7 0
3 years ago
The Fraser Hill Inn 3 a charming Bed &amp; Breakfast localed in Fraser Hill, Pahang outside of Kuala Lumpur. Fraser Hill is well
Damm [24]

Answer:

wow great story I love it

6 0
3 years ago
Read 2 more answers
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