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nordsb [41]
2 years ago
11

In 2004, researchers Marianne Bertrand and Sendhil Mullainathan sent fictitious resumes in response to employers' help-wanted jo

b postings. The researchers made the resumes identical with regard to the fictitious applicants' qualifications but altered the names on the resumes to reflect male versus female names and "White-sounding" versus "African-American-sounding" names. They found that resumes with "White names" like Emily and Greg received 50 percent more callbacks for interviews than did the resumes with "Black names" like Tyrone and Lakeisha. The results of this study indicate that employment decisions of some employers might not be _____________________________ and could indicate illegal discrimination under _________________________________.
Business
1 answer:
Neporo4naja [7]2 years ago
8 0

The results of this study indicate that employment decisions of some employers might not be status blind and could indicate illegal discrimination under Civil Rights Act of 1964.

<u>Explanation:</u>

An important act in US is The Civil Rights Act of 1964. This law came into act on 2nd July, 1964. This law has rules and regulations that are against the inequalities and discrimination that prevails in schools, public areas and also in employment areas. The inequality may be based on the gender, nationality, religion,race or color.

In the example given, the discrimination of employment occurs based on the names that belongs to white and black. It has been stated that the names related to whites will get 50% of callbacks when compared to the names of the blacks. Hence, the decisions that are taken by the employers should not be status blind  and this illegal inequalities comes under Civil Rights Act of 1964.

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Meyer &amp; Smith is a full-service technology company. They provide equipment, installation services as well as training. Custo
weqwewe [10]

Answer:

Credit to Unearned Service Revenue of $24,000

Explanation:

Given that,

Fair values:

Equipment = $90,000

Installation = $60,000

Training = $30,000

Total fair value = $90,000 + $60,000 + $30,000

                         = $180,000

Total cost of purchasing equipment, installation and training = $144,000

The cost to be allocated proportionately is as follows:

The transaction price allocated to the Equipment:

= Fair value of equipment × (Total cost ÷ Total fair value)

= $90,000 × ($144,000 ÷ $180,000)

= $90,000 × 0.8

= $72,000

The transaction price allocated to the Installation:

= Fair value of installation × (Total cost ÷ Total fair value)

= $60,000 × ($144,000 ÷ $180,000)

= $60,000 × 0.8

= $48,000

The transaction price allocated to the Training:

= Fair value of training × (Total cost ÷ Total fair value)

= $30,000 × ($144,000 ÷ $180,000)

= $30,000 × 0.8

= $24,000

Therefore, the journal entry to record the transaction on March 15, 2021 will include a credit to Unearned Service Revenue of $24,000 (for training).

Note: As the product is purchased and installed on the same day of purchase but the training would be provided in the future. Hence, it is treated as the unearned service revenue.

7 0
2 years ago
It's time for another financial calculator problem. A UCF student (who has not taken FIN 2100) decides that he really needs a la
Alchen [17]

Answer:

The answer is: E) None of the above

Explanation:

Using an excel spreadsheet and the RATE function, we can calculate the monthly interest rate of renting the TV:

=RATE(36,-60,1000)

= 4.94% monthly interest rate

Then we multiply the monthly interest rate by twelve to get the APR:

APR = 4.94% x 12 = 59.3%

5 0
2 years ago
Assuming beginning work in process is zero, the equivalent units of production computed using fifo versus weighted average will
Sloan [31]

Answer:

4. Weighted-average equivalent units will be equal to FIFO equivalent units.

Explanation:

Equivalent units of production is been applied to the work-in-process inventory when an accounting period comes to an end. It can be regarded as expression that gives amount of work done which was recorded by a manufacturer over a units of output which was partially completed after an accounting period. For instance, if there are 100 units that are in process, then 40% of processing cost is expended , then we can say there are 40 equivalent units of production. It should be noted that the if beginning work in process is zero, the equivalent units of production computed using fifo versus weighted average will have a relationship in such a way that Weighted-average equivalent units will be equal to FIFO equivalent units.

.

4 0
2 years ago
Cadwallader has had a 30% interest in C&amp;C Associates, a partnership, since 20X9. In 20X14, the partnership is liquidated. Th
yawa3891 [41]

Answer:

correct option is b. $4,500 long-term capital loss

Explanation:

given data

assets = $50,000

fair market value = $60,000

basis = $65,000

adjusted basis before distribution = $34,500

liquidation in cash = $30,000

to find out

amount and type of loss should Cadwallader recognize on tax return

solution

we know here adjusted basis before distribution and liquidation in cash so we will get here amount and type of loss that is

amount and type of loss = adjusted basis before distribution - liquidation in cash  

amount and type of loss = $34,500 - $30,000

amount and type of loss = $4500  long term loss

so correct option is b. $4,500 long-term capital loss

7 0
2 years ago
On January 1, 2017, MM Co. borrows $350,000 cash from a bank and in return signs an 4% installment note for five annual payments
frez [133]

Answer:

a. Journal entry to record the issue of notes

Date           Account Title & Explanation   Debit $        Credit $

Jan 1          Cash                                           350,000

                 Notes Payable                                                350,000

                  (To record the issue of notes payable)

b. Calculation of Interest Expenses

                      Particulars                           Amount $

Beginning balance of loan payment         350,000

Annual interest rate                                          4%

Interest expenses                                         14,000

Hence the interest expenses = $14,000

Principal amount is calculated as the difference between the annual payment and the interest expenses as seen below

                   Particulars                           Amount $

Annual payment                                      96,590

Less: Interest expenses                          14,000

Principal Payment                                  82,590

Hence, the principal payment =$82,590

6 0
2 years ago
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