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lapo4ka [179]
3 years ago
14

Bill Broker prints an office policy that says he requires a security deposit of "$350 for whites and $500 for blacks" in his are

a, since he has records to prove that "blacks have weaker financial qualifications." Is this an acceptable policy?
Business
1 answer:
LenaWriter [7]3 years ago
3 0

Answer:

No. It is discrimination to set different deposits on the basis of race

Explanation:

Discrimination is the act of making distinction between people on the basis of race, group, or class to which they are perceived to belong.

It is unfair and prejudicial treatment of people who share a certain trait.

Examples of such traits are race, age, sexual orientation, and gender.

In the given instance Broker requires a security deposit of "$350 for whites and $500 for blacks".

This is discrimination on racial grounds

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Dixie Corporation distributes $31,000 to its sole shareholder, Sally. At the time of the distribution, Dixie's Earnings and Prof
Radda [10]

Answer:

(D) $4,000

Explanation:

Initial amount distributed is $31,000

Earnings and Profit (E & P) $25,000

Therefore, Distribution in excess of earnings and Profit would be;

= Initial amount distributed - Earnings and Profit

=$31,000 - $25,000

=$6,000

Sally basis in her Dixie stock after the distribution would be ;

= Basis - Excess distribution

=$10,000 - $6,000

=$4,000

4 0
3 years ago
Ferguson Corporation's budgeted sales for the upcoming quarter are $900,000. Its supporting budgets and schedules show a beginni
dlinn [17]

Answer:

1. $400,000

2. $140,000

3. $56,000

4. $84,000

Explanation:

1. Budgeted gross profit = Budgeted sales - Budgeted COG sold

where, Budgeted COG sold = $480,000 + $60,000 - $40,000 = $500,000

By putting the value, we get

Budgeted gross profit = $900,000 - $500,000

= $400,000

2. Budgeted income before taxes = Budgeted gross profit - selling and administrative expenses - interest expense

= $400,000 - $250,000 - $10,000

= $140,000

3. Budgeted income tax = Budgeted income before taxes × tax rate

= $140,000 × 40%

= $56,000

4. Budgeted net income = Budgeted income before taxes - Budgeted income tax

= $140,000 - $56,000

= $84,000

8 0
3 years ago
org303 According to the textbook, the most important reason for organizations to rely on research is that it ultimately
Leviafan [203]

Answer:

Explanation:

The most important reason for organizations to rely on research is that it ultimately provides the organization with insight on how a specific decision will perform in the target market and what effects it will have on the company. This is because research provides valuable information such as a target population's interests, hobbies, spending behaviors, needs, likes/dislikes, etc. All of which are factors that help determine if that population will buy a certain product and increase the organizations revenue.

7 0
4 years ago
Narrow Falls Lumber has total assets of $913,600, total debt of $424,500, net sales of $848,600, and net income of $94,000. The
Black_prince [1.1K]

Answer:

The firm's sustainable growth rate is 13%.

Explanation:

The firm's sustainable growth rate can be calculated using the following formula:

Sustainable growth rate = Retention Rate * Return on Equity ............. (1)

Where;

Dividend payout ratio = 30%, or 0.30

Retention rate = 1 - dividend payout ratio = 1 - 0.30 = 0.70

Shareholder's equity = Total assets - Total debt = $913,600 - $424,500 = $489,100

Return on equity = Net income / Shareholder's equity = $94,000 / $489,100 = 0.19

Substituting the relevant values into equation (1), we have:

Sustainable growth rate = 0.70 * 0.19 = 0.13, or 13%

Therefore, the firm's sustainable growth rate is 13%.

3 0
3 years ago
No
Sergeeva-Olga [200]
The answer is: few. i think im not sure
4 0
3 years ago
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