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professor190 [17]
3 years ago
15

The Environmental Protection Agency was investigating whether Exgrow, Inc. violated the Clean Air Act. Exgrow refused to give th

e EPA its computerized reports concerning pollution. To get the reports, EPA should use
a. a stare decisis.
b. a de novo.
c. an excaliber
d. a subpoena duces tecum
Business
1 answer:
Talja [164]3 years ago
6 0

Answer:

d. a subpoena duces tecum

Explanation:

In this situation Exgrow Inc violated the Clean Air Act. which is a federal law that was created in order to regulate air pollution on a national level. In order to force Exgrow to give up the computerized reports concerning their pollution the EPA should use a subpoena duces tecum. This is court summons forcing the party in question to appear before the court and provide all the documentation or physical proof regarding the situation at hand. If they do not then they can either get fined or be shut down entirely.

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The financial statements for Highland Corporation included the following selected information:
PSYCHO15rus [73]

Answer:

Highland Corporation

1. The amount of additional paid-in capital is:

= $210,000.

2. The amount of the retained earnings at the beginning of the year is:

= $440,000.

3.  The number of shares in treasury stock is:

= 23,000 shares.

Explanation:

a) Data and Calculations:

Common stock                       $ 1,000,000

Retained earnings                    $ 770,000

Net income                            $ 1,020,000

Shares issued                              100,000

Shares outstanding                       77,000

Dividends declared and paid  $ 690,000

Price of common stock = $31 per share

1. The amount of additional paid-in capital is:

Issued stock = 100,000 * ($31 - $10) = $210,000

2. The amount of the retained earnings at the beginning of the year:

Retained earnings at the ending       $ 770,000

Add dividend                                         690,000

Total available for distribution         $1,460,000

Less Net income                                1,020,000

Retained earnings at the beginning $440,000

3. Treasury stock = 23,000 (100,000 - 77,000)

5 0
3 years ago
Leonard is evaluating a $400,000 mortgage. He can get a 30-year 6 percent fixed-rate mortgage with principal and interest paymen
bija089 [108]

Points are an upfront charge by the lender that is part of the price of a mortgage. Points are expressed as a percent of the loan amount, with 2 points being 2%. On a $400,000 loan,

solutions  

Loan Amount                 $400,000  

Loan Term (in months)        360 months

                     mortgage I   mortgage II

Interest Rate                    6.000% 5.750%  

            Points                      0.00% 2.00%  

Loan Payment Amount $2,398.20 $2,334.29        

Costs Over 30 — Year Period

Points Paid in Cash                      $0               $8,000($400000×2÷100)

Monthly Costs -

Principal and Interest             $863,348             $840,340

Lost Interest

On Points                                      $0                        $0

On Monthly Costs                         $0                        $0

Total Costs                                 $863,348              $848,340

Reduction in Loan Balance    $400,000               $400,000

Total Cost Offsets                   $400,000               $400,000

Cost Net of Offsets                  $463,348               $448,340

Conclusions - Based on a 30 Year Holding Period    

Over the next 30 years the High Interest / Low Points Loan Will Save You:   $15,008

In Months, the Break-even Point Occurs in   1 months

In Years, the Break-even Point Occurs in        0.0833 years

5 0
4 years ago
7. A company's marginal revenue is $10, its marginal cost is $10, and its price is $10. This company is operating in a/an ______
Sphinxa [80]
The Answer is C. monopolistic competition


8 0
3 years ago
Read 2 more answers
What is the normal balance for the Accounts in questions 4-6?
andre [41]

Answer:

4. Debit

5.Credit

6.Credit

Explanation:

The rule is simple. If the account is Asset, its normal balance is Debit. If the account is Liability or Owner Equity, their normal balance are Credit.

The things are you have to recognize which of them are Asset, Liability or Owner Equity.

The only way is to practice, to get yourself as much exposure to financial accounting ( e.g: their are plenty of Financial Reports of Big Firms available online for you to read) as possible so you may recognize what side of the Balance Sheet these items would be categorized into as soon as you heard its name.

7 0
3 years ago
The CVP income statement Group of answer choices discloses contribution margin in the body of the statement. is distributed inte
LenKa [72]

Answer:  discloses contribution margin in the body of the statement.

Explanation:

The Cost Volume Profit (CVP) income statement is made to better show the influence of variable costs and fixed costs on income. It as well shows the effects that changing costs and production volume can have on the income.

Although it shows the same income as a traditional income statement, the format is different in that the contribution margin is included in the statement and the costs and revenue per unit are shown as well.

3 0
3 years ago
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