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DaniilM [7]
2 years ago
12

Section 103 of the Federal Public Works Employment Act establishes the Minority Business Enterprise program and requires that, a

bsent a waiver by the secretary of commerce, 10 percent of all federal grants given by the Economic Development Administration be used to purchase services or supplies from businesses owned and controlled by U.S. citizens belonging to one of six minority groups: African Americans, Spanish speaking, Asian, Native American, Eskimo, and Aleut. White owners of business contend the Act constitutes illegal reverse discrimination. Discuss.
Business
1 answer:
EastWind [94]2 years ago
3 0

Explanation:

Looking from a fair point of view, the White owners of businesses have legitimate reasons to feel that the Act constitutes illegal reverse discrimination.

Remember, reverse discrimination implies an unfair treatment of the majority group (White owners) in an effort to please the minority group. This is evident from the fact that the 10 percent of all federal grants to be released by the Economic Development Administration was only to be used to purchase services or supplies from businesses owned and controlled by U.S. citizens belonging to one of six minority groups excluding the White business owners; making the White owners feel discriminated against.

Thus, unintentionally the Act became a reverse discrimination on White business owners.

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USA Manufacturing issued 30-year, 7.5 percent semiannual bonds 6 years ago. The bonds currently sell at 101 percent of face valu
vekshin1

Answer:

4.82 percent

Explanation:

We use the Rate formula in this question that is shown in the attachment

The NPER is the period of time.

Provided that,  

Present value = $1,000 × 101% = $1,010

Assuming figure - Future value or Face value = $1,000  

PMT = 1,000 × 7.5% ÷ 2 = $37.5

NPER = 30 years - 6 years = 24 year × 2 = 48 years

The formula is presented below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this,  

1. The pretax cost of debt is 7.41%

2. And, the after tax cost of debt would be

= Pretax cost of debt × ( 1 - tax rate)

= 7.41% × ( 1 - 0.35)

= 4.82%

6 0
3 years ago
The primary objective of financial reporting is to provide information:
inna [77]

Answer:

The correct answer is letter "B": That is useful in decision making.

Explanation:

Financial reporting is the activity every business organization engages to analyze the current situation of the company's operations to take decisions. The Financial Statements are the core instruments firms review to find out how is the firm performing and what points could be improved to maximize the revenue.

7 0
2 years ago
Suppose that you have been given a summer job as an intern at Issac Aircams, a company that manufactures sophisticated spy camer
Phoenix [80]

Answer:

Product Costs :

2. Rent on equipment used in the factory.

3. Lubricants used for machine maintenance.

5. Soap and paper towels used by factory workers at the end of a shift.

6. Factory supervisors salaries

7. Heat, water, and power consumed in the factory.

10. Workers compensation insurance for factory employees.

11. Depreciation on chairs and tables in the factory lunchroom.

15. The cost of packaging the company`s product.

Period Costs :

1. Depreciation on salespersons cars.

4. Salaries of personnel who work in the finished goods warehouse.

8. Materials used for boxing products for shipment overseas.

9. Advertising costs.

12. The wages of the receptionist in the administrative offices.

13. Cost of leasing the corporate jet used by the company`s executives.

14. The cost of renting rooms at a Florida resort for the annual sales conference.

Explanation:

<em>Product Costs</em> are Costs attached to Product and Included in Valuation.

<em>Period Costs</em> are Not Attached to Products and are expended in Income Statement during the Period in which they are incurred.

4 0
3 years ago
While approaching a group of colleagues, Patrice overheard what she believed were inappropriate comments about another team memb
aivan3 [116]

Answer:

The question is incomplete, the options are missing. The options are the following:

a) Suggest to Patrice that spreading negative information learned from eavesdropping is not healthy for the workplace.

b) Thank Patrice for speaking up and forward the item to a neutral third party for handling.

c) Immediately fire the team members who made the comments.

d) Contact the team member who was the subject of the comments to see if he or she was offended.

e) Thank Patrice for her input, but based on the harmlessness of the situation, take no further action.

And the correct answer is the option B: Thank Patrice for speaking up and forward the item to a neutral third party for handling.

Explanation:

To begin with, these kind of situations are most common than expected in the workplace so that is why that nowadays exist a lot of seminars about certain subjects that involves the behavior in the organization and furthermore there is the regular action of the Human Resources Department that takes cares of all the penalties and the solutions when it comes to subjects regarding the employees of the business and their relationship both with each other and with the company. So the correct way to act in this scenario would be to thank Patrice and tell her that the manager would inform to the Human Resources Department about it, being this last one a third party in the situation itself.

6 0
3 years ago
Determine the amount of consumer surplus generated in the following situation. After soccer practice, Stacey is willing to pay $
AlladinOne [14]

Answer:

The answer is: There was no consumer surplus in this situation.

Explanation:

consumer surplus refers to the difference between the maximum amount a consumer is willing to pay for a good or service and the actual price of the good or service.

In this case there was no consumer surplus, since Stacey was willing to pay only $2 for a bottle of mineral water and its price was $2.25, so she didn't buy it.

5 0
2 years ago
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