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1 year ago

List at least 6 things your credit card company must clearly disclose to consumers.

1 answer:

8 0

It is important to review the credit card disclosure for information on APRs, Penalties, Grace periods, Minimum financing charges, Calculation methodologies, and Fees.

An explanation of all the fees, charges, interest rates, and conditions that a consumer can encounter when using the credit card is contained in a credit card disclosure. The legislation requires disclosure of this information by organizations that provide credit cards. The disclosures on credit cards offer clear information about costs and charges. They also encourage rivalry. To allow consumers to evaluate credit cards more effectively, it is legally necessary of all credit card companies to give the same price information. They can pick the one that better serves their tastes in terms of price.

The interest rate that a client will pay on outstanding balances is the most obvious example of a cost listed on a credit card disclosure. Basic elements like the monthly payment deadlines will also be covered in the disclosure.

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FILL IN THE BLANK. n experiments employing the minimal group paradigm, a majority of participants are more interested in maximiz

sveticcg [70]

In experiments employing the minimal group paradigm, a majority of participants are more interested in maximizing their relative gain than in maximizing their absolute gain.

<h3>What is the minimal group paradigm? </h3>

The minimal group paradigm refers to a method employed in social psychology. Although it may be used for a variety of purposes, it is best known as a method for investigating the minimal conditions required for discrimination to occur between groups. Experiments using this approach have revealed that even arbitrary distinctions between groups, such as preferences for certain paintings, or the colour of their shirts, can trigger a tendency to favour one's group at the expense of others, even when it means sacrificing in-group gain.

There are some variations, but the traditional minimal group study consists of two phases.

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3 0

1 year ago

g On January 1, 2020, Marigold Company issued 10-year, $1,890,000 face value, 6% bonds, at par. Each $1,000 bond is convertible

Yanka [14]

Answer:

$3.78

Explanation:

The First step is to calculate basic earning per share then making the adjustments to the basic earning per share to arrive to a diluted earning per share.

Basic Earning per Share = Earnings Attributable to Holders of Common Stock / Weighted Average Number of Common Stock Holders.

Earnings Attributable to Holders of Common Stock Calculation :

Net Income $470,000

Less Bond Interest ($1,890,000×6%×80%) ($90,720)

Earnings Attributable to Holders of Common Stock $379,280

Weighted Average Number of Common Stock Holders Calculation :

Outstanding Common Shares 94,000

Weighted Average Number of Common Stock Holders 94,000

Basic Earning per Share = $379,280 / 94,000 = $4.03

Diluted Earnings per Share = Adjusted Earnings Attributable to Holders of Common Stock / Adjusted Weighted Average Number of Common Stock Holders.

Adjusted Earnings Attributable to Holders of Common Stock Calculation :

Earnings Attributable to Holders of Common Stock $379,280

Add Back Bond Interest ($1,890,000×6%×80%) $90,720

Adjusted Earnings Attributable to Holders of Common Stock $470,000

Adjusted Weighted Average Number of Common Stock Holders.

Outstanding Common Shares 94,000

Add Convertible Bonds ($1,890,000/$1,000×16) 30,240

Adjusted Weighted Average Number of Common Stock Holders 124,240

Diluted Earnings per Share = $470,000 / 124,240 = $3.78

6 0

3 years ago

Mr. Frohardt donated $40,000 toward future scholarships. The scholarships are to be paid according to the following schedule:

brilliants [131]

Answer:

18 full scholarships will be awarded

Explanation:

year beginning interest scholarship ending

balance earned awarded balance

1 40000 43200 1000 42200

2 42200 45576 1500 44076

3 44076 47602 2000 45602

4 45602 49250 2500 46750

5 46750 50490 3000 47490

6 47490 51289 3500 47789

7 47789 51613 4000 47613

8 47613 51422 4500 46922

9 46922 50675 5000 45675

10 45675 49329 5000 44329

11 44329 47876 5000 42876

12 42876 46306 5000 41306

13 41306 44610 5000 39610

14 39610 42779 5000 37779

15 37779 40801 5000 35801

16 35801 38666 5000 33666

17 33666 36359 5000 31359

18 31359 33868 5000 28868

19 28868 31177 5000 26177

20 26177 28271 5000 23271

21 23271 25133 5000 20133

22 20133 21743 5000 16743

23 16743 18083 5000 13083

24 13083 14129 5000 9129

25 9129 9860 5000 4860

26 4860 5249 5000 249

4 0

3 years ago

When the economy slips into a recession, normally the demand for bonds ________, the supply of bonds ________, and the interest

Leno4ka [110]

Answer:

b. decreases; decreases; falls.

Explanation:

A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.

Recession can be defined as a period of economic meltdown, in which there's a general decline in all economic activities such as trade.

Hence, when the economy slips into a recession, normally the demand for bonds decreases, the supply of bonds decreases, and the interest rate falls, ceteris paribus (everything else held constant).

5 0

3 years ago

3. If the Wall Street Journal published an article w/ the headline "Poultry Farmers Detect Infectious Avian Bird Flu," what woul

Vadim26 [7]

Answer:

If such a headline was published, the demand for chicken and its byproducts would plummet. The demand curve would shift to the left, meaning that the quantity demanded would decrease at all price levels.

The quality of the chicken and its byproducts has changed here, since they would turn into potentially unhealthy food.

The determinant of the demand for chicken products that is altered by this article is consumer preferences. The health of consumes is at risk, which would alter their preferences due to fear of getting sick.

5 0

3 years ago