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postnew [5]
2 years ago
10

Ben set up an elaborate scheme to mine gold in the Rockies. He had a large town meeting and sold stock in his company for only $

5 per share. He showed pictures of the mine and said the company expected to gross $100 million each month. As it turns out, he was a terrific con artist who had made several successful proposals such as this in towns across America in the last couple of years. He is MOST likely suffering from:
Business
1 answer:
Lynna [10]2 years ago
4 0

Answer:

antisocial personality disorder.

Explanation:

Antisocial personality disorder is also known as the sociopathy that represent the mental disorder where the person shows that there is no regard for the right and wrong in a consistent way and at the same time it ignored the feelings of others. In this, they manipulate or treat others in a harsh way also they is no guilty felt in this type of order

So as per the given situation, he is most suffering from antisocial personality disorder.

You might be interested in
If Ben invests $3500 at 4% interest per year, how much additional money must he invest at 5 1 2 % annual interest to ensure that
bonufazy [111]

Answer:

Additional <u>$1,750 </u>must be invested by Ben.

Explanation:

Note: The question is not complete as some dots are omitted. The question is therefore given correctly before answering it as follows:

If Ben invests $3500 at 4% interest per year, how much additional money must he invest at 5 1/2 % annual interest to ensure that the interest he receives each year is 4 1/2 %.

The question is now answered as follows:

From the question, we have:

Initial amount invested = $3,500

Interest rate on initial amount invested = 4%, or 0.04

Interest amount from initial amount invested = Initial amount invested * Interest rate on initial amount invested = $3,500 * 4% = $140

Let y represents the additional amount to invest. Therefore, we have:

Interest rate of additional amount invested = 5 1/2% = 5.5% = 0.055

Interest amount from additional amount invested = y * Interest rate of additional amount invested = y * 0.055 = y0.055

Total interest amount = Interest amount from initial amount invested + Interest amount from additional amount invested = $140 + y0.055

New amount invested = Initial amount invested + y = $3,500 + y

Interest rate of new amount invested = 4 1/2% = 4.5% = 0.045

Interest amount from new amount invested = New amount invested * ($3,500 + y) * 0.045 = $157.50 + y0.045

Since total interest amount must equal interest amount from new amount invested, we equate the two and solve as follows:

Total interest amount = Interest amount from new amount invested

$140 + y0.055 = $157.50 + y0.045

We can now solve for y as follows:

y0.055 - y0.045 = $157.50 - $140

y0.01 = $17.50

y = 17.50 / 0.01

y = $1,750

Therefore, additional <u>$1,750 </u>must be invested by Ben.

4 0
3 years ago
Which of the following is an example of an illiquid asset?
denis23 [38]

Answer:

The correct answer would be B, Money in a checking account.

Explanation:

Liquid assets are one in the category of assets that are ready to be converted into cash. Cash held by a company is the considered the liquid asset of the company. Or any assets which can be converted into cash without losing so much of its value is called a liquid asset. For example if a company holds gold bars as one of the assets, then this would be considered as the liquid asset because gold can easily be converted into cash in case of need. Account Receivables, Gold, deposits receipts, securities, bonds, etc are considered to be the liquid assets of the company after Cash.

5 0
3 years ago
Budget Performance Reports for Cost Centers Partially completed budget performance reports for Delmar Company, a manufacturer of
julia-pushkina [17]

Answer:

Delmar Company

Delmar Company

Budget Performance Report—Vice President, Production

For the Month Ended June 30

Plant                       Actual           Budget      Over Budget   (Under) Budget

Eastern Region  $4,200,000   $4,250,000                           $(50,000)

Central Region      6,175,000     6,200,000                             (25,000)

Western Region    8,515,000     8,200,000    $375,000

                         $18,890,000  $18,650,000    $375,000      $(75,000)

Delmar Company

Budget Performance Report—Manager, Western Region Plant

For the Month Ended June 30

Department                  Actual       Budget     Over Budget   (Under) Budget

Chip Fabrication      $4,300,000   $4,000,000   $300,000

Electronic Assembly  2,575,000     2,500,000       75,000

Final Assembly           1,640,000      1,700,000                             $(60,000)

                                 $8,515,000  $8,200,000   $375,000         $(60,000)

b. Memo to Randi Wilkes, Vice President

To: Vice President, Production

From: FC

Subject: Budget Performance Report—For the Month Ended June 30

Date: July 3, 2021

The above-mentioned subject refers.

The production division incurred $315,000 more costs than budgeted.  The extra costs are reflected in the increasing cost of producing light duty motors in the Western Region.  The overall increase is caused by the regional differences in Chip fabrication and Electronic Assembly.

There is a need to review production activities with these two production processes with a view to reducing costs.

Regards,

Explanation:

a) Data and Calculations:

Delmar Company

Budget Performance Report—Vice President, Production

For the Month Ended June 30

Plant                       Actual           Budget      Over Budget   (Under) Budget

Eastern Region  $4,200,000   $4,250,000                           $(50,000)

Central Region      6,175,000     6,200,000                             (25,000)

Western Region     (g)                       (h)                $(i)

                             $(j)                      $(k)                $(l)             $(75,000)

Delmar Company

Budget Performance Report—Manager, Western Region Plant

For the Month Ended June 30

Department                  Actual      Budget     Over Budget   (Under) Budget

Chip Fabrication      $(a)                $(b)                $(c)

Electronic Assembly 2,575,000  2,500,000       75,000

Final Assembly          1,640,000   1,700,000                             $(60,000)

                                   $(d)               $(e)              $(f)                 $(60,000)

Delmar Company

Budget Performance Report—Supervisor, Chip Fabrication

For the Month Ended June 30

Cost                             Actual      Budget     Over Budget     (Under) Budget

Factory wages    $1,450,000  $1,200,000    $250,000

Materials               1,575,000     1,600,000                               $(25,000)

Power and light      945,000       900,000         45,000

Maintenance          330,000       300,000         30,000

                         $4,300,000  $4,000,000    $325,000          $(25,000)

a. = $4,300,000

b. = $4,000,000

c. = $300,000 ($325,000 - $25,000)

d. = $8,515,000 ($4,300,000 + 2,575,000 + 1,640,000)

e. = $8,200,000 ($4,000,000 + 2,500,000 + 1,700,000)

f. = $375,000 ($300,000 + 75,000)

g. = $8,515,000

h. = $8,200,000

i. = $375,000

j. = $18,890,000 ($4,200,000 + 6,175,000 + 8,515,000)

k. = $18,650,000 ($4,250,000 + 6,200,000 + 8,200,000)

l. = $375,000

8 0
2 years ago
Lightfoot Inc., a software development firm, has stock outstanding as follows: 40,000 shares of cumulative preferred 1% stock, $
Kitty [74]

Answer:

#1 36,000 preferred

#2 58,000 preferred

#3 58,000 preferred //  17,000 common

#4 50,000 preferred // 74,000 common

Explanation:

preferred stock dividends:

40,000 x $125 each x 1% = 50,000

the common stock will take whatever is left after preferred stock.

first year: $ 36,000

asthe preferred stock are cumulative, there is 14,00 dividends in arrears

second year: $ 58,000

we got the 50,00 for the current year plus the 16,000 in arrears

this amount declared is not enough, there are still 8,00 in arrears

third year: $ 75,000

there is 58,000 dividends for preferred stock

the rest goes for common stock

fourth year: $ 124,000

there is no arrears so the preferred only receive the 50,000 and the rest goes for common shares.

3 0
3 years ago
Jones Mfg. has current assets of $26,900, net working capital of $8,200, long-term debt of $21,500, and total equity of $57,800.
abruzzese [7]

Answer:

A

Explanation:

Jones Mfg. has current assets of $26,900, net working capital of $8,200, long-term debt of $21,500, and total equity of $57,800. What is the equity multiplier?

6 0
2 years ago
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