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ikadub [295]
3 years ago
14

Seth did menial work—mostly house cleaning—when he could find it. He had been homeless for a year, and since then simply did not

have a good enough employment record to find a regular job. He relied on welfare, a subsidized rental, food stamps, and even the occasional visit to a food pantry to supplement his work income. In terms of class, Seth would belong to the __________.
Business
1 answer:
Advocard [28]3 years ago
4 0

Answer: Under class

Explanation:

 According to the question, Seth belongs to the under class as in the class hierarchy the underclass is one of the segment that belongs to the lowest position.

The people who belongs to the lowest or the bottom position in the society and also become the victim of the poverty in the society.

The underclass people are also comes under the economical weak section and they also lack of the educational and the social skills.  

Therefore, Underclass is the correct answer.

   

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Sean Davis is the owner, president, and primary salesperson for Davis Manufacturing. Because of this, the company's profits are
Natali5045456 [20]

Answer:

The related cash flows to Sean are as follows;

a. $424,000

b. $592,000

c.$399,808

d. $512,885

Explanation:

In this question, we are asked to calculate cash flows to Davis manufacturing given that debt is issues and equity is issued for a number of hour-week

We proceed as follows;

a. For a 40 - hour week and Debt is issued

Mathematically, the cash flow is calculated below as follows;

Cash Flow = EBIT - Interest on debt = $594,000 - ($1.7 million x 10%) = $424,000

b. For a 50 - hour week and Debt is issued

Mathematically, the cash flow is calculated as follows;

Cash Flow = EBIT - Interest on debt = $762,000 - ($1.7 million x 10%) = $592,000

c. For a 40 - hour week and Equity is issued

Mathematically, the cash flow is calculated as follows;

In this case, there will be no interest cost

The firm's value will be increased by the amount of infusion but ownership of sean will be diluted.

New ownership of Sean = $3.5 million / ($3.5 million + $1.7 million) = 0.67307692307

Mathematically, the cash flow is calculated as follows

Cash Flow to Sean = EBIT x new share = $594,000 x 0.67307692307 =  $399,808

d. For a 50 - hour week and Equity is issued

The calculation is as above and there is also no interest course

Cash Flow = EBIT x new share = $762,000 x 0.67307692307 =  $512,885

KINDLY NOTE EBIT IS EARNINGS BEFORE INTEREST AND TAXES

5 0
3 years ago
Why was Germany particularly susceptible to a downturn in the economy? (in the 1930s)
Step2247 [10]

I believe the answer is: Germany owed large debts to other countries after World War I


After being forced to surrender in world war I, the Allies forced Germany to pay back all the expense that other countries have to made due to the war that Germany initiated as their term of surrender.

This caused a massive increase in Germany's national debt and caused a downturn in their economy.

7 0
3 years ago
Which of the following is the process of​ designing, managing, and improving the movement of finished goods and works in process
IrinaVladis [17]

Answer:

E. Outbound logistics.

Explanation:

Outbound logistics is the process of​ designing, managing, and improving the movement of finished goods and works in process through the supply​ chain. In outbound logistics goods are stored, transported and distributed to the customers. There are two types of logistics, inbound and outbound. In inbound logistics, goods and materials move inside the organization while in outbound logistics the movement of the products is outside of the business. Outbound logistics is one of the important mechanism of the organization where they move their final products to the distributors, wholesalers and final consumers.

4 0
3 years ago
Tina purchased a personal umbrella policy with a $1 million limit. Her insurer required her to carry liability limits of 250/500
algol13

Answer: $150000

Explanation:

The Personal Umbrella Policy helps in the provision of protection against a catastrophic judgement. Also, the excess liability insurance will be provided in amounts starting from $1-$10 million.

Based on the information given in the question, the amount that the insurer will pay under TIna's umbrella policy will be:

= $400,000 - $250,000

= $150,000

5 0
3 years ago
On January 1, GHI Corporation issued four-year bonds with a face value of $100,000. The bonds have a stated interest rate of 4 p
Eva8 [605]

Answer:

Year   Cashflow    [email protected]%        PV

              $                                  $

1          4,000         0.9524      3,809.60

2         4,000         0.9070       3,628.00

3         4,000         0.8638        3,455,20

4         104,000     0.8227         85,560.80

      Market price of the bond   96,454

The amount that GHI received at issuance is $96,454.

Explanation:

In this case, we need to calculate the current market value of the bond.  The annual coupon is calculated as R = 4% x $100,000 =$4,000, which is 4% of the face value. We will discount the annual coupon and face value  of the bond at 5% market interest rate. The cashflow for year 4 is the aggregate of coupon and face value of the bond. The current market value of the bond calculated above is the amount that GHI received at issuance of the bond.

6 0
3 years ago
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