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kenny6666 [7]
2 years ago
6

Samantha and Bethany are purchasing their first home and reviewing the terms of a 15-year mortgage with their lender, Jim, at Fi

rst Union Bank. Jim reviews the amount of the loan, the interest rate, the total amount of interest they will pay over the course of their loan, and the total amount of money that will be paid over time. Jim is required to provide this information, as it is federally mandated as part of the Truth in Lending Act that was passed in 1968 to protect consumers. Jim is doing what is _______ right by providing this information to Samantha and Bethany.
Business
1 answer:
Alona [7]2 years ago
4 0

Jim is doing what is<u> legally </u>right by providing this information to Samantha and Bethany.

<h3><u>The Truth in Lending Act (TILA): What Is It?</u></h3>

A federal statute known as the Truth in Lending Act (TILA) was passed in 1968 with the intention of assisting customers in their interactions with creditors and lenders. The Federal Reserve Board implemented the TILA through a number of regulations. The act's disclosure requirements for information like the annual percentage rate (APR), the length of the loan, and the overall costs to the borrower are some of its most significant features. The borrower must be made aware of this information clearly on all documents before signing them, including occasionally on periodic billing statements.

Learn more about The Truth in Lending Act (TILA) with the help of the given link:

brainly.com/question/7696024?referrer=searchResults

#SPJ4

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A supermarket expects to sell 1000 boxes of sugar in a year. Each box costs $2, and there is a fixed delivery charge of $20 per
Strike441 [17]

Answer:

Order size = 200 units

Number of order  = 5 times

Explanation:

<em>The number of order per year  will be equal to the Annual demand divided by the EOQ.</em>

<em>No of orders = Annual Demand / EOQ</em>

Economic order quantity (EOQ)

The Economic Order Quantity (EOQ) is the order size that minimizes the balance of ordering cost and holding cost. At the EOQ, the carrying cost is equal to the holding cost.

It is computed using he formulae below

EOQ = √(2× Co× D)/Ch

Ch- Carrying cost per unit per annum-  $1

Co- Ordering cost per order -20

EOQ =√(2× 20× 1000)/1

        = 200 units

Order size = 200 units

Number of order = 1000/200 = 5 times

4 0
4 years ago
Select the subdivision of geologic time that does not belong with the others? a. devonian b. ordovician c. pleistocene d. paleog
Orlov [11]

Pleistocene is the subdivision of geologic time that does not belong with the others.

The Pleistocene period is referred to as a geologic time period which includes the last ice age, when glaciers covered huge parts of the globe. During the Pleistocene the most recent episodes of global cooling, or ice ages, took place.

Pleistocene period was also characterized by the presence of distinctive birds and the large land mammals. During the Pleistocene period, mountain glaciers formed on all the continents and vast glaciers.

Thus, Pleistocene is known to be the subdivision of geologic time which does not belong with the others.

Hence, option C is correct.

To learn more about Pleistocene here:

brainly.com/question/28102167

#SPJ4

8 0
1 year ago
Glenda opened a tax accounting business where she works with small businesses to manage their finances and prepare their records
pav-90 [236]

Answer:

making a profit

Explanation:

Profit making refers to the operations in which an individual or an organisation tries to sell their output in access of their production cost . In simple words, every individual that starts a business initiates it with the primary objective of  earning income from those activities.    

It is seen as the main incentive as no business could stand in the market without making sufficient profits for running and expanding their operations in the long and short run.

Thus, from the above we can conclude that the correct option is D.

3 0
3 years ago
Researching investments online can be valuable because
rodikova [14]

Answer:

Researching investments online can be valuable because: If the information is trustworthy it can provide a recent status of the investment. Also, online research tools provide the ability to find a great number of diverse investments

Explanation:

7 0
3 years ago
The number of days' sales in inventory is calculated as __________ divided by __________.
Irina18 [472]
A. Average inventory; average daily cost of goods sold
8 0
3 years ago
Read 2 more answers
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