1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
muminat
1 year ago
8

You are shopping for a new car. You find the perfect vehicle and are now applying for a loan from your local bank. Unfortunately

, the bank rejects your application. You are surprised, because you have always paid your bills on time. You decide to examine your credit report. You discover that the credit agency is wrongly reporting that you are delinquent on a credit card bill. You have asked the agency to remove the inaccurate entry, but it has failed to do so.
Business
1 answer:
uranmaximum [27]1 year ago
6 0

The liability faced by the credit agency for its incorrect reporting of your credit history is that  your actual damages, plus an additional amount not to exceed $1,000, plus attorney’s fees.

<h3><u>What is liability?</u></h3>
  • A liability is a debt that a person or business has, typically in the form of money. Through the transmission of economic benefits like money, products, or services, liabilities are eventually satisfied.
  • Liabilities are items that are listed on the balance sheet's right side and consist of debts including loans, accounts payable, mortgages, deferred income, bonds, warranties, and accumulated expenses.
  • Assets and liabilities can be compared. Assets are items you own or owe money to; liabilities are things you owe money to or have borrowed.
  • A liability, in general, is an obligation between two parties that hasn't been fulfilled or paid for.
  • A financial liability is an obligation in the realm of accounting, but it is more specifically characterized by prior business transactions, events, sales, exchanges of assets, or services.

Under the Fair Credit Reporting Act, your damages are not $5,000 only. It is also not actual damages plus or $3,000 plus the attorney's fees.

Know more about liability with the help of the given link:

brainly.com/question/15006644

#SPJ4

You might be interested in
Assume personal tax rates are lower than corporate tax rates. From a tax-paying shareholder point of view, how should a firm spe
ASHA 777 [7]

Answer: e. repurchase shares

Explanation:

If the personal tax rates are lower than corporate tax rates then the company should engage in an activity that would put money into the pockets of shareholders such that they would take advantage of the lower personal tax rates.

The best way to do that would be a share repurchase. The company would probably buy at above market rates which would give shareholders capital gain and they wouldn't have to pay much taxes on it as personal rates are lower.

4 0
3 years ago
You are valuing a common stock that just paid a dividend of $1.25 per share. You are expecting the stock to grow at the rate of
Agata [3.3K]

Answer:

Price of stock- $26

Explanation:

<em>Using te dividend valuation model, the price of a stock is the present value of the future cash flows expected from the stock discounted at the required rate of return.</em>

Where a stock is expected  to pay dividend growing at a specific rate, the price of the stock can be dertermined as follows:

Price = D(1+g)/(ke-g)

D -dividend payable now,

Ke-required rate of return,

g - growth rate in dividend

So we can work out the price as follows:

Price = 1.25( 1+0.04)/(0.09-0.04)

      = $26

Price =$26

4 0
3 years ago
A 4.9 percent corporate coupon bond is callable in 10 years for a call premium of one year of coupon payments. Assuming a par va
NeTakaya

Answer:

$1,049

Explanation:

Data given in the question

Par value = $1,000

Interest rate = 4.9%

Time period = 10 years

So, by considering the above information, the price paid to the bond holder is

= Par value + Par value × rate of interest

= $1,000 + $1,000 × 4.9%

= $1,000 + $49

= $1,049

Hence. the price paid to the bond holder is $1,049

4 0
2 years ago
What is the important role of the government in market economies? A. to control prices and costs B. to prevent monopolies and co
snow_lady [41]
B. Because the government can't and shouldn't control the prices of items or which items and services are sold, they should lay down the ground rules of trading, buying, and selling, so that they Can prevent monopolies and collusion.
4 0
3 years ago
Read 2 more answers
In the case of snack corp, when the price they sell their product at is _______ average cost of production, profits are ______ d
antiseptic1488 [7]

In the case of snack corp, when the price they sell their product at is <u>below</u> the average cost of production, profits are <u>negative</u> due to<u> </u><u>negative</u> average profit.

Average profit is defined as total profit divided by performance, or total profit for each period divided by a number of periods. The formula for calculating average profit is Average Revenue - Average Cost = Average Profit.

But in general, small businesses have healthy profit margins between 7% and 10%. However, be aware that certain companies may have lower profit margins. B. A retail or food company. This is because overhead costs tend to be high. Average profit is calculated by dividing the total profit for the year by the number of years of profit.

Learn more about Average profit here: brainly.com/question/26215194

#SPJ4

5 0
1 year ago
Other questions:
  • A salesman receives a fixed salary of $500 per week. In addition he is paid 12% of all sales over $1000. Write the formula that
    5·1 answer
  • Assume that Plavor Brands, Inc. has 10,000,000 common shares outstanding that have a par value of $2 per share. The stock is cur
    9·1 answer
  • At the beginning of january of the current year, little mikey's catering ledger reflected a normal balance of $52,000 for accoun
    10·1 answer
  • You are tearing down a building and find $1 in change that someone lost when working on the building 140 years ago. If, instead
    7·1 answer
  • In 2010, Tara used $50,000.00 from funds she had invested in certificates of deposit as a down payment to buy a house. What func
    10·1 answer
  • Landers Flynn Inc. has 1,000 shares of $5 cumulative preferred stock outstanding. Dividends were not paid last year. The corpora
    11·1 answer
  • For purposes of determining gross income, which of the following is true?a. A mechanic completed repairs on an automobile during
    12·1 answer
  • The research and development team will gather important information by first using ________ data.
    6·1 answer
  • A type of pricing strategy we’re in the same product being sold at a different place but have different price
    15·1 answer
  • The government has the ability to influence the level of output in the short run using monetary and fiscal policy. There is some
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!