FIN 100 Week 3 Quiz (A+ Guaranteed)

Question 1
1. The holding-company device to control two or more commercial banks:

has diminished in importance in recent years
has increased in importance in recent years
is limited to state chartered banks
is sometimes described as chain banking

Question 2
The Federal Deposit Insurance Corporation Improvement Act of 1991:

transferred the reserves and functions of the Federal Savings and Loan Insurance Corporation to the FDIC
required that failed banks be handled in such a way as to provide the lowest cost to the FDIC
increased federal deposit insurance from $40,000 to $100,000 for each account
extended federal deposit insurance to S&L depositors

Question 3
The Monetary Control Act:

extended the Fed’s control to thrift institutions and non-member commercial banks
has resulted in more competition among depository institutions
increased federal deposit insurance from $40,000 to $80,000 for each account
established minimum capital requirements for banks with federal charters

Question 4
The item on the assets side of a bank’s balance sheet that represents the largest proportion of bank assets is:

Deposits
owner’s capital
securities
loans

Question 5
The item on the liabilities and equity section of a bank’s balance sheet that represents the largest proportion of a typical bank’s assets is:

deposits
owner’s capital
securities
federal funds

Question 6
The item on the liabilities and equity section of a bank’s balance sheet that represents the smallest proportion of bank’s assets is:

deposits
owner’s capital
securities
federal funds

Question 7
An organization that sells or markets new securities issued by businesses to individuals and institutional investors is called a (n)

mutual fund
investment bank
insurance company
brokerage firm

Question 8
The primary purpose of this Act was to aid the savings and loan industry

Garn–St. Germain Depository Institutions Act
Glass-Steagall Act
Hunt Commission legislation
Depository Institutions Deregulation and Monetary Control Act

Question 9
An organization that sells shares in their firms to individuals and others and invests the proceeds in corporate and government securities is called a (n)

investment company
investment bank
insurance company
brokerage firm

Question 10
An organization that received contributions from employees and/or their employers and invests the proceeds on behalf of the employees for use during their retirement years is called a (n)

mutual fund
savings bank
pension fund
retirement fund

Question 11
The __________________, passed in 1968, requires the clear explanation of consumer credit costs and garnishment procedures (taking wages or property by legal means) and prohibits overly high-priced credit transactions.

Consumer Credit Expansion Act
Credit Growth Act
Consumer Credit Protection Act
Consumer Safety Act

Question 12
The Board of Governors:

is elected by the member banks
is appointed by the Senate
has seven members appointed for 14-year terms
has seven members appointed for a term of 12 years

Question 13
The banking system of the United States is a ___________ reserve system because banks are required by the Fed to hold reserves equal to a specified percentage of their

deposits.

Required
Fractional
proportional
multiplicative

Question 14
The dynamic actions of the Federal Reserve System:

contribute to the smooth everyday functioning of the economy
are designed to meet the credit needs of individuals and institutions
support depositories and other institutions
stimulate or repress the level of prices or economic activity

Question 15
The Federal Reserve Banks are owned by:

commercial banks
the U.S. Treasury
national member banks of the Federal Reserve System
member banks of the Federal Reserve System

Question 16
The Board of Governors publishes ________________, which carries articles of current interest and offers a convenient source of the statistics compiled by the Fed.

the Federal Reserve Magazine
the Federal Reserve Bulletin
the Federal Reserve Journal
the Federal Reserve News

Question 17
The Fed shares its depository examining functions with:

the Federal Savings and Loan Insurance Corporation
the FDIC, Comptroller of the Currency, and state agencies
only the Comptroller of the Currency
National Credit Union administration and the FDIC

Question 18
____________________________ requires disclosure of the finance charge and the annual percentage rate of credit along with certain other costs and terms to permit consumers to compare the prices of credit from differing sources.

Truth in Lending Act
Equal Credit Opportunity Act
Federal Trade Commission Improvement Act
Fair Credit Billing Act

Question 19
The percentage of deposits that must be held as reserves is called

the bank reserve percentage
the required reserve ratio
the excess reserve ratio
the fractional reserve percentage

Question 20
The purpose of Regulation Z is to:

make consumers aware of the costs of alternative forms of credit
prohibit garnishment
encourage depository institutions to help meet the credit needs of their communities for housing and other purposes
regulate the overseas activities of member banks of the Federal Reserve System

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CJA 444 week 5 DQ 2

CJA 444 week 5 DQ 2

A growing number of line-level criminal justice practitioners have college degrees. Will the advanced education of these practitioners create greater or less resistance to change within criminal justice organizations?

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CJA 444 week 5 DQ 1

CJA 444 week 5 DQ 1

Do you see applications for e-business approaches in the criminal justice system?

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CJA 444 week 4 DQ 2

CJA 444 week 4 DQ 2

What communication changes do you foresee for criminal justice agencies and the criminal justice system over the next 10 years?

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CJA 444 week 4 DQ 1

CJA 444 week 4 DQ 1

How can you become a more effective communicator and listener?

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CJA 444 week 3 DQ 2

CJA 444 week 3 DQ 2

What characteristics of the criminal justice job are sources of motivation and what characteristics may lead to dissatisfaction or burnout?

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Comprehensive Problem 2: Accounting Cycle with Subsidiary Ledger, Part 1

TJ’s Specialty Shop PART 1 (Year 20-1)

19th Edition and 20th Edition

Comprehensive Problem 2: Accounting Cycle with Subsidiary Ledger, Part 1 Solution

CHECK:

At the end of the year, the following adjustments (a)-(g) need to be made:

(a, b) Merchandise inventory as of December 31, $19,700. $19,700.
(c) Unused supplies on hand, $525.
(d) Unexpired insurance on December 31, $1,000.
(e) Depreciation expense on the building for the year, $800.
(f) Depreciation expense on the store equipment for the year, $450.
(g) Wages earned but not paid as of December 31, $330.

Click here: Comprehensive Problem 2: Accounting Cycle with Subsidiary Ledger, Part 1

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Country Jeans Co. has an annual plant capacity of 64,600 units (A+ Guaranteed)

Decision on Accepting Additional Business

Country Jeans Co. has an annual plant capacity of 64,600 units, and current production is 43,500 units. Monthly fixed costs are $38,100, and variable costs are $25 per unit. The present selling price is $34 per unit. On February 2, 2014, the company received an offer from Miller Company for 14,300 units of the product at $28 each. Miller Company will market the units in a foreign country under its own brand name. The additional business is not expected to affect the domestic selling price or quantity of sales of Country Jeans Co.

Prepare a differential analysis on whether to reject (Alternative 1) or accept (Alternative 2) the Miller order. If an amount is zero, enter zero “0″

What is the minimum price per unit that would produce a positive contribution margin? Round your answer to two decimal places.

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Noah moved from Deleware to Arizona to accept a bettter job (A+ Guaranteed)

Noah moved from Deleware to Arizona to accept a bettter job. He incurred the following unreimbursed moving expenses:

Transportaion- $3,000

Lodging-$400

Meals in route- $500

Penalty for beaking apartment lease- $1,000

Forfeiture of athletic club membership- $500

Moving company cost- $7,000

What is Noah’s moving expense deduction?

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Roger, an individual, owns a proprietorship called Green Thing (A+ Guaranteed)

Roger, an individual, owns a proprietorship called Green Thing. For the year 2014, Roger has the following items:

-Business Income- $20,000

-Business Expense-$150,000

-Loss on a completely destroyed business machine. The machine had an adjusted basis of $25,000 and a fair market value of $20,000

-Loss on a business truck. The truck had an adjusted basis of $8,000. The repairs to fix the truck cost $10,000.

Determine Roger’s adjusted gross income for 2014

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