The Equal Credit Opportunity Act makes it illegal for a lender to discriminate against a potential borrower because of race, national origin, religion, or sex, but it is permissible to treat a borrower differently if he or she is on welfare
a. True
b. False
Indicate whether the statement is true or false
False
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Figure 4.4 represents the market for gasoline in a small nation. The free trade world price of gasoline is $3.50. Suppose this small nation imposes a tariff on gasoline of $.50 per gallon. The change in consumer surplus would be
a. $15. b. $12.50. c. $27.50. d. $57.50.
Inventory control has physical custody of inventory
Indicate whether the statement is true or false
__________ refers to the field of management that specializes in the physical production of goods or services.
Fill in the blank(s) with the appropriate word(s).
Everett, Miguel, and Ramona are partners, sharing income 1:2:3. After selling all of the assets for cash, dividing losses on realization, and paying liabilities, the balances in the capital accounts are as follows: Everett, $50,000 Cr.; Miguel, $40,000 Dr.; and Ramona, $30,000 Cr. How much cash should be distributed to Everett assuming that Miguel pays the deficiency?
A) $50,000 B) $20,000 C) $30,000 D) $40,000