A. B. & S. Auto Service is owned by Jerry Bonner, an African-American. Bonner, on behalf of A. B. & S., applied for a loan at South Shore Bank. The application asked for a personal history and Bonner revealed an extensive arrest record. The loan officer approved the application, but the committee denied it based on his criminal record. South Shore Bank has made at least three business loans to applicants with criminal records, at least one of whom was an African-American. Bonner filed suit under the ECOA. ISSUE: Was South Shore’s denial a violation of the ECOA? DECISION: The denial was based on a criminal record, not race. There was a legitimate business reason for the denial.
Questions:
1. What, according to Mr. Bonner's expert, is the impact of considering criminal records of applicants? Did the evidence support the expert's testimony?
2. Is the use of a criminal record in making a decision to extend credit a violation of the ECOA? Explain.
3. Do you think a criminal record is an indication of character? Explain.

The following account balances at the beginning of january were selected from the general ledger of fresh bagel manufacturing​ company: work in process inventory ​$0 raw materials inventory $ 29 comma 000 finished goods inventory $ 40 comma 900 additional​ data: 1. actual manufacturing overhead for january amounted to $ 62 comma 600. 2. total direct labor cost for january was $ 63 comma 600. 3. the predetermined manufacturing overhead rate is based on direct labor cost. the budget for the year called for $ 255 comma 000 of direct labor cost and $ 382 comma 500 of manufacturing overhead costs. 4. the only job unfinished on january 31 was job no.​ 151, for which total direct labor charges were $ 5 comma 700 ​(1 comma 000 direct labor​ hours) and total direct material charges were $ 14 comma 400. 5. cost of direct materials placed in production during january totaled $ 123 comma 300. there were no indirect material requisitions during january. 6. january 31 balance in raw materials inventory was $ 35 comma 200. 7. finished goods inventory balance on january 31 was $ 35 comma 400. what is the cost of goods manufactured for​ january

Cash flow is often a problem for small businesses. how can an entrepreneur increase cash flow? a) locate lower-priced suppliers. b) forego sending in estimated tax payments to the irs c) shorten the terms on a bank loan to pay it off more quickly d) sell more low-margin items.

Tom has brought $150,000 from his pension to a new job where his employer will match 401(k) contributions dollar for dollar. each year he contributes $3,000. after seven years, how much money would tom have in his 401(k)?