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3 years ago

___ requires creditors to provide borrowers with a complete written account of credit terms and costs.

1 answer:

5 0

Truth in lending law requires creditors to provide borrowers with a complete written account of credit terms and costs.

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(BRAINLIST)

Ludmilka [50]

Of all these the best two options are B and D

3 0

3 years ago

Read 2 more answers

Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021. (Dollars are in thousands,

katovenus [111]

Answer:

EPS

2021 $0.00083 per share or 0.083 cents per share

2020 $0.0011 per share or 0.11 cents per share

Explanation:

Share outstanding at the end of 2020 = 77,120,000 shares

2022 2021

Net sales $1,121,000 $1,128,400

Net income (loss) $76,329 $61,171

Total assets $855,338 $838,078

Shares outstanding at year-end 68,500,000 70,280,000

Average outstanding share 69,390,000 73,700,000

Earning per share $0.0011 $0.00083

<u>Working:</u>

Earning Per share = Net income / Average Number of share

2021

Earning Per share = $61,171 / 73,700,000 = $0.00083 = 0.083 cents

2022

Earning Per share = $76,329 / 69,390,000 = $0.0011 = 0.11 cents

5 0

3 years ago

Damien plans to buy a share at $120 and hold it for five years. During this period, he would receive average annual dividends of

Murrr4er [49]

Answer:

N=5 , PV=-120 , PMT=4 , FV=145

Explanation:

In this question, we use the Rate formula which is shown in the spreadsheet.

The NPER represents the time period.

Given that,

Present value = $120

Assuming figure - Future value or Face value = $145

PMT = 4

NPER = 5

The formula is shown below:

= Rate(NPER;PMT;-PV;FV;type)

The present value come in negative

This is the answer and the same is not given in the options

8 0

3 years ago

American General Company experienced the following accounting events during 2014:

12345 [234]

Answer:

1. Operating Activities (OA)

2. Financing Activities (FA)

3. Financing Activities (FA)

4. Investing Activities (IA)

5. Operating Activities (OA)

6. Operating Activities (OA)

7. Investing Activities (IA)

8. Financing Activities (FA)

9. Not applicable (NA)

10. Financing Activities (FA)

Explanation:

Statement of cash flows is one of the three major financial statements. The statement analyses the cash generated and cash expended by an entity in a given period. The statement collates the analysis under three categories

1. Operating Activities

2.Investing Activities

3.Financing Activities

Operating activities comprise of cash generated and expended by the entity on its normal business operation during the period. Examples of this are cash received from customers, cash paid to suppliers, rent paid to landlord, cash expenses paid etc.

Investing activities consist of cash activities involving acquisition and disposal of assets and investment. Examples of such are cash receipt from sales of equipment, cash spent on purchase of investment securities.

Financing activities are cash activities involving the entity and provider of capital, equity owner and debt holder. Example of such activities are cash generated from issuance of bond, cash dividend paid to equity owner.

4 0

4 years ago

When using the accounting equation, recording the purchase of equipment for cash would include an increase to the (Cash/Equipmen

Fiesta28 [93]

Answer:

Equipment account increases , and cash decreases with same amount

Explanation:

In the case of acquisition of a new equipment , the equipment account is debited (increase) while the cash account is credit with the same amount of money used for the purchase .

Purchase of an equipment is a balance sheet item , which means it is recorded in the balance sheet and not the income statement as it is not an expense.

The asset register must also be updated with the value of the newly acquired item

7 0

3 years ago