Answer:
Macy is liable. The Federal Trade Commission states that both the credit rating agency and Macy's are responsible for correcting the erroneous credit report. It is very hard to sue and win a credit rating agency because they will place the blame on the company that made the initial mistake (Macy's), but lately courts have accepted cases against the companies that cause all this mess.
Courts have lately ruled in favor people alleging that a bad credit report damaged them since a good credit rating is considered an intangible asset. The company that cause the mistakes are liable for any possible damages resulting from a poor credit rating.
Yes, Macy is liable under the Fair Credit Reporting Act, which says the credit bureau and reporting agencies must record accuracy.
Fair Credit Reporting Act
The FCRA protects the information collected by consumer reporting agencies. Under this act, Companies and agencies also have specific legal obligations to investigate disputed information, And recently in the Act some more provisions were added which is related to record accuracy and identity theft.
Thus, under the FCRA, the credit bureau and Macy's department store are liable.
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What is one example of a planned economy?
laissez-faire economy
free enterprise economy
socialist economy
market economy
Answer:
socialist economy
Explanation:
A planned economy is a system where the government or the central authority makes all major economic decisions. The government decides on the type and quantities of goods to produce and for whom to produce. In the planned economy, factors of production belong to the government. Manufacture of goods and services is motivated by service to the community, not profits.
A socialist economy is a good example of a planned economy. Just like in a planned economy, a socialist economy is characterized by heavy government involvement. The state controls the factors of production. Public service is the reason for economic production, while consumers do not have the liberty to choose products.
what does it mean when you file for bankruptcy and why would it be on your credit report? please somebody help. due tonight
What career might be your best choice in the following scenario?
Your friends comment that you always listen and believe positive change can happen. They further state that you do not make them feel badly about their decisions and instead, you help find solutions. At the same time, you love to be in schools and you like to teach.
family social worker
community social worker
child care social worker
school social worker
Answer the question on the basis of the following production possibilities table for two countries, North Cantina and South Cantina.
Refer to the table. If South Cantina is producing at production alternative F, the opportunity cost of the first unit of capital goods will be
A.1/2 of a unit of consumer goods.
B.1 unit of consumer goods.
C.27 units of consumer goods.
D.2 units of consumer goods.
'Opportunity Cost' is described as the 'value of the next best possible opportunity that is given up for choosing the other.'
In the given situation, the opportunity cost of producing the very first unit of Capital Goods for South Cantina would be:
C). 27 units of consumer goods.
As we know, 'opportunity cost' is the cost of the next best alternative and its benefits that are lost for producing the other. The loss that South Cantina would suffer for producing one unit of the capital good is worth '27 units of consumer goods.'This implies that the 27 consumer unit goods would be lost for not choosing it and producing 1 unit of capital goods.Thus, option C is the correct answer.
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Explain how most businesses are both debtors and creditors.
Answer:
The reason why most companies are both debtors and creditors is that customers can owe services to companies and they have economic commitments to pay.
A traditional store selling products
Answer:
Bricks and mortar is your answer.
Explanation:
How often should businesses perform cash drops?
A. Only once, at the end of the business day
B. Only once a month, once all the receipts are totaled
C. Whenever someone makes incorrect change for a customer
D. Whenever the total amount of cash in a register has reached a
certain level
Answer:
d.
Explanation:
Businesses should perform cash drops Whenever the total amount of cash in a register has reached a certain level. The appropriate response is option D.
What is cash drops ?A cash drop is a sum of money that is taken out of the cash drawer and deposited in the safe or at the bank. You are allowed to take as many drops and as much money as you want. Usually, cash drops are done to take extra cash out of the drawer and put it somewhere else.
Cash drops are typically carried out to remove extra cash from the drawer and deposit it in the safe until the balance can be tallied. It is a sum of money that is taken out of the cash drawer and deposited in the safe or at the bank
When the total quantity of cash in a register reaches a certain threshold, businesses should do cash drops.
Hence, the appropriate response is option D.
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Which of the following is a way of allocating necessary goods when they are in short supply?
Answer:
shortage
Explanation:
When the price of a good is too low, a shortage results when buyers want more of the good than sellers are willing to supply at that price.
how could you make your credit score increase ? please help do tonight
Answer:
Try working hard and getting your money to increase your credit score.
CrEdIt KaRmA l m a o
Explanation:
Identify the factors that would MOST LIKELY help a firm to increase production.
Investment in new
technology.
Hiring more employees.
An increase in demand.
Increased education of labor force.
A decrease in demand
Increase foreign competition.
Answer:
Investment in new technology.
Hiring more employees.
increased education of labor force.
Explanation:
At the micro-economic level, the following factors would MOST LIKELY help a firm to increase production.
A) Investment in new technology B) Hiring more employeesD) Increased education of labor forceAt the macro-economic level, an increase in demand is a factor that will lead to more production by the industry.At the firm-level (micro-economic), a decrease in demand or an increased foreign competition cannot lead the firm to increase production. Instead, they discourage more production of goods and services.To increase production, a firm must invest in new technology and hire more. The latter will be boosted by an increase in labor education.Thus, the factors that lead to increased production by a firm are A), B), and D).
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A business owner who takes risk describes which of the following?
a. Entrepreneur
b. Status quo
C.Inventor
d. Entrepreneurship
Answer:
A. sorry if thats wrong!
In which countries do people prefer discussing business during meals?
What is the difference between durable and nondurable goods?
Answer:durable goods are products that do not need to be purchased often, whereas non-durable goods are products that expire more quickly.
Explanation:
Answer:
Durable goods, to put it simply, are products that don’t need to be purchased often, whereas non-durable goods are products that expire more quickly.
Explanation:
Problems within the business is called
risk.
O compliance
operational
O financial
strategija
When people are injured in a car accident, they need an auto insurance representative to help them
A.file a claim
B.prepare a lawsuit
C.arrange for physical therapy
D.find a policy
Answer:
a file a claim
explanation:
because of the car accident and the injured people they have to file a claim to pay for the car repair and injuries
Any type of insurance exists to reduce or completely remove the policyholder's liability. Hence option A is correct .
What is a filing a claim?The medical expenses that the policy-holder might otherwise be responsible for as a result of an auto accident are covered by medical insurance in an auto policy.
When you make a claim, you ask an insurance provider to pay you a specific amount of money in accordance with the conditions of the insurance policy. The period of time after filing a claim during which a policyholder cannot receive insurance benefits is known as the elimination period.
A claims adjuster will get in touch with you after your claim is submitted. They can want you to fill out a Proof of Loss form. Your insurer's coverage amount will be determined by the adjuster, and assist you with the claims procedure.
There is no rule dictating how long you must wait before making a claim. You should get in touch with your insurance company as soon as an incident occurs. The longer you wait, the more damage may occur, depending on the sort of incident.
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You are a consultant helping to turn around a factory that hasn't adapted to modern manufacturing standards. They receive several truckloads of raw materials each day, which are recorded by hand in a logbook kept at the loading dock. Each of the salesmen keeps a running tally of orders and files them in the sales office. The deliveries are made once a truck is filled. What aspects of this factory can be significantly improved by introducing an EPR (enterprise resource planning) system?
environmental management
sales and revenue
human resource management
equipment maintenance
Answer:
use of modern technology
Explanation:
to make work and tallying
easy
Answer:Sales and revenue
Explanation:
This is standard business marketing
a entry to a liability account decreases the account balance
Answer:
Asset accounts. A debit increases the balance and a credit decreases the balance. Liability accounts. A debit decreases the balance and a credit increases the balance.
Explanation:
In order to improve the cash flow of the company, neal emerald decided to postpone depositing all employment taxes a few months ago. he told his sales manager, " i’ll pay up before the irs catches up with me." what risks does emerald face by not upholding his responsibility for the collection and payment of employment taxes? is this ethical if he indeed does pay before he gets caught? why or why not?
The correct answer to this open question is the following.
No, it is not ethical.
The risks that Emerald faces by not upholding his responsibility for the collection and payment of employment taxes is that, first of all, this is not correct. He has an obligation, a moral and a fiscal obligation to report on time the employment taxes. That is why his actions are not ethical although he indeed does pay before he gets caught. That decision could be a business decision to buy some time and trying t fix other problems, but a true leader does not need to cover things with wrongdoings. What can of example is he showing to his employees?
Later on, on another occasion, he won't have the moral authority to demand ethical behavior from his employees. He is not setting an example.
what might of happened if a newly hired person filled out a W-4 form incorrectly
Answer:
If an error is made, and you accidentally under withhold an employee’s income tax, a bevy of issues can arise, beginning with tax liability. When you under withhold, money is owed to the federal government. And they will be sure to get it. In some cases this burden falls on the employee - which can result in a very unhappy worker, which is never good for a workplace. In other cases you and your employee can both be responsible for the missing money. The longer the mistake goes unnoticed, and the longer you’re underpaying employee payroll taxes, the bigger the tax penalties. You can be penalized for 100% of the money owed, plus interest as the months and years go by.
Explanation:
When an employer willfully under withholds or evades payroll taxes entirely, the consequences are steep. Knowingly evading taxes is a felony and can result in prison time - up to five years or more, depending on the severity and amount. Occasionally, the IRS may issue an audit on your company. Should this occur, you will need to present the necessary paperwork - i.e. employee W-4s - when asked. Having illegible forms may arise suspicion with auditors - whether these forms are malicious or not. If you enter in information from a W-4 incorrectly and realize before the IRS, there are measures you can take to rectify the issue before it snowballs. Typically when a miscalculation of allowances occurs, you would increase the withholding on that person’s paycheck to balance out their withholdings correctly for the year. Then moving forward, you would correct the W-4 and ensure their allowances are correct. Want to avoid issues like these entirely? Read more about how electronic withholding forms can make the W-4 process simple and automatic.
Answer:
B. That person might have a larger tax bill to pay on income taxes.
Hope this helps!
Also for next time please include the answer choices if they are given with the question in your assignment :)
The Federal Reserve decreases the discount rate in order to accomplish
which goal?
A. Lowering the prime rate on bank loans
B. Raising the number of treasury securities for sale
C. Increasing the interest rate on credit cards
D. Decreasing the total number of Federal Reserve banks
Answer:
A. Lowering the prime rate on bank loans
Explanation:
Prime rates are the interest rates that the commercial banks charge their most credit-worthy customers, mostly corporates. These customers are judged low-risk clients and get loans at lower interest rates compared to retail customers. If a commercial bank lowers the prime rate, the normal interest rates are also likely to decrease.
The discount rate is the interest rate at which commercial banks will means commercial banks are obtaining loans at an expensive rate. Consequently, they will charge customers a high-interest rate for loans advanced. If the Federal Reserve reduces the discount rate, banks will reduce interest rates on loans. The banks will be accessing credit from the Fed at lower interest rates.
Answer:
a
Explanation:
a p3x
As a private limited firm dealing with garment manufacturing, you have little cash in hand but considerable business potential. You suddenly get an order to deliver 1,000 shirts at a price of $50 each. You have the entire infrastructure in place, but need $15,000 to procure the fabric and accessories for shirts. How will you raise money to serve this order? How will the answer differ if the business is a sole proprietorship?
Answer:
A private limited firm refers to a corporation. A corporation’s internal sources of financing are mostly limited to its retained profits, and money realized from the sale of its assets. In case of the given example, because the company does not have enough cash on hand, it will have to rely on several external sources of financing. The most important source of procuring financing for the company is a bank loan. Thus, the company can raise money from institutions such as banks or other creditors in the form of loans. The company will need to repay loans in the future, and therefore the company will record this as a liability in its accounts. However, these ways of procuring money would help the company arrange $15,000 in order to purchase the fabric and other accessories.
The sources of financing will remain the same even in the case of a sole proprietorship; that is, retained earnings or loans from external sources such as banks. However, in the case of a public limited company, the answer would change. In the case of a public limited business, it has another option of raising financing through the issue of common or equity shares.
In a student survey, sixty part-time students were asked how many courses they were taking this term. The (incomplete) results are shown below: Please round your answers to 4 decimal places. # of Courses Frequency Relative Frequency Cumulative Frequency 1 22 2 19 0.3167 41 3 0.3167 60 What percent of students take exactly three courses? %
Answer:
The percent of students who take exactly three courses =
31.67%
Explanation:
a) Data and Computations:
# of Courses Frequency Relative Frequency Cumulative Frequency
1 22 0.3667 22
2 19 0.3167 41
3 19 0.3167 60
Number of part-time students surveyed = 60
Students who take 1 course = 22/60 * 100 = 36.67%
The cumulative frequency for 1 course is 22 students.
The frequency of student who take 2 courses = 19(41 - 22)
Therefore, the frequency of students taking 3 courses = 19 (60 - 41) and
the relative frequency of students who take 3 course = 19/60 * 100 = 31.67%.
what is the importance of opportunity cost to an individual
Answer:
Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another. The idea of opportunity costs is a major concept in economics. Because by definition they are unseen, opportunity costs can be easily overlooked if one is not careful. These are from my notes btw
8. You buy a 30-year zero coupon bond which will pay you $10,000 in 30 years at an annual yield of i=1% compounded once per year. A few minutes later the annual yield rises to i=2% compounded once per year. What is the percent change in the value of the bond? (Hint: recall the formula for percent change. The answer should be negative.) 9. You buy a 30 year zero coupon bond which will pay you $1000 in 30 years at an annual yield of i=16.5% compounded once per year. 25 years later it will be a 5 year zero coupon bond. Suppose the interest rate on this bond will be 16.5%, what will the price of this bond be in 25 years?
Answer:
-74.41%
465.9833221
Explanation:
The computation of percent change in the value of the bond is shown below:-
Price at 1% = $10,000 ÷ 1.01^30
= 7,419.23
Price at 2% = $10,000 ÷ 1.02^30
= 5,520.71
Percentage change in price = 5,520.71 ÷ 7,419.23
= -74.41%
The computation of the price of this bond be in 25 years is shown below:-
Price after 25 years: $1,000 ÷ 1.165^5
= 465.9833221
The percentage change in the value of the bond is 25.6% and the price of the bond in 25 years will be $465.98
Data;
Present Value of coupon = $10,000Interest rate = 1%, 2%Time = 30 years.Percentage Change in the Value of the BondThis is calculated by the difference between the value of the interest rate.
Value of zero coupon bond = maturity value * PVF (r%, n)
The value of the bond at 1%
[tex]10000* PVF(1\%, 30)\\10000 * 0.7419 = 7,419.23[/tex]
The value of the bond at 2%
Value of zero coupon bond = maturity value * PVF (r%, n)
[tex]10000*PVF(2\%, 30)\\10000*0.5521 = 5521[/tex]
The percentage change is
[tex]\% change = \frac{previous value - present value}{previous value}\\\% change = \frac{7419.23-5521}{7419.23}\\ \% change = 25.6\%[/tex]
The percentage change in the value of the bond is 25.6%
b)
The cost of the zero coupon is equal to the present value of the future cash flow which is discounted at it's rate of interest. The period of discounting is the same as the period which the value needs to be determined.
Period = 5 yearsRate = 16.5% = 0.165PV = 1000[tex]p = \frac{1000}{(1+0.165)^2}\\p = 465.98[/tex]
The price of the bond in 25 years will be $465.98
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Marc and michelle are married and earned salaries this year of $70,400 and $14,400, respectively. In addition to their salaries, they received interest of $350 from municipal bonds and $1,300 from corporate bonds. Marc contributed $3,300 to an individual retirement account, and marc paid alimony to a prior spouse in the amount of $2,300. Marc and michelle have a 10-year-old son, matthew, who lived with them throughout the entire year. Thus, marc and michelle are allowed to claim a $2,000 child tax credit for matthew. Marc and michelle paid $7,600 of expenditures that qualify as itemized deductions and they had a total of $6,665 in federal income taxes withheld from their paychecks during the course of the year
Answer:
Since we are not given any specific year, I will use the 2020 tax schedule:
Marc and Michelle's gross income = Marc's and Michelle's salaries + interest from corporate bonds = $70,400 + $14,400 + $1,300 = $86,100
they should choose the standard deduction since it is higher than their itemized deductions = ($24,400)
contribution to IRA = ($3,300)
Marc and Michelle's taxable income = $58,400
Marc and Michelle's tax liability = $1,975 + [12% x ($58,400 - $19,750)] = $6,613
Alimony payments are not longer tax deductible and interests on municipal bonds is not taxable.
Since their income tax withholdings exceed their tax liability, they should get a refund for $6,665 - $6,613 = $52
Also, since they are allowed a $2,000 child tax credit, but they do not owe any more taxes, they are entitled to a $1,400 refund.
Total refund for 2020 = $1,452.
What does it mean to have liability?
5 steps in developing a research instrument
Answer:
Explanation:
Step 1 – Locating and Defining Issues or Problems. ...
Step 2 – Designing the Research Project. ...
Step 3 – Collecting Data. ...
Step 4 – Interpreting Research Data. ...
Step 5 – Report Research Findings.
Answer:Step 1: locatingOr defining issues problems problems
Step 2: designing the research project
Step 3: collecting data
Step 4: interpreting research data
Step 5: Report research findings
Explanation: it is there as soon a u look it up ! Hope that helps
If I buy 40 shares of Visa stock at a price of $149.58 per share and
the price goes up by $0.47 in one day, what is the percent gain?
Answer:
use cash
Explanation:
its less confusing.
what kind of sugar is primarily used in preparing icing?
Answer:
granulated sugar
Explanation:
powdered sugar or confectioner's sugar is finely ground granulated sugar that is mixed with a small amount of cornstarch to prevent caking.
Frank is lending $1,000 to Sarah for two years. Frank and Sarah agree that Frank should earn a 1 percent real return per year. Instructions: Enter your responses as as whole numbers. a.The CPI (times 100) is 100 at the time that Frank makes the loan. It is expected to be 117 in one year and 136.9 in two years. What nominal rate of interest should Frank charge Sarah? The nominal rate of interest charged should be %. b. Suppose Frank and Sarah are unsure what the CPI will be in two years. How should Frank index Sarah's annual repayments to ensure that he gets an annual 1 percent real rate of return. Frank should charge Sarah % the inflation rate.
Answer:
a) 18%
b) if Frank and Sarah are unsure about future inflation rate, they can agree on a variable interest rate. For e.g. this year the inflation rate was 17%, so the interest charged is 18%. If next year the interest rate is 15%, then the interest charged should be 16%.
the formula that they can use to calculate inflation rate is:
for calculating the first year's inflation rate = [(CPI₁ - CPI₀) / CPI₀] x 100for calculating the second year's inflation rate = [(CPI₂ - CPI₁) / CPI₁] x 100Explanation:
principal $1,000
real return = 1%, that means that Frank will earn inflation rate + 1%
since the CPI increases by 17% every year, then Frank must charge 17% + 1% = 18%
