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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.

You might be interested in

New Age Electronics expects to earn $100,000 this year. Earnings will grow 3% indefinitely if the firm makes no new investments.

vampirchik [111]

Answer:

5.7 1

Explanation:

Given:

Earning expect: $100,000
Grow rate: 3% = 0.03 (g)
Discount rate: 10% = 0.1 (r)
Number of shares: 250,000

We need to find the EPS because all of the earnings are paid out as dividends

= $100,000/250,000 shares

= $0.4

=> Current price:

P = D1 / (r-g)

<=> P = 0.4 (0.1 - 0.03) = 5.7 1

So the price per share of stock is 5.7 1

Hope it will find you well

4 0

3 years ago

Read 2 more answers

How would recession effect the economic

Virty [35]

Answer:

Recession cause standard monetary and fiscal effects.

Explanation:

Recession impact all kinds of business, large and small,due to tightening credit conditions, slower, demand, and general fear and uncertainty.

6 0

2 years ago

If you are busy with another customer when someone comes in, what can you do? select one:

prohojiy [21]

Ab. smile at them and make eye contact while you continue to help the first customer so they know they were recognized and not being ignored.

7 0

3 years ago

PLEASE HELP ASAP, I NEED TO DO THIS BUT DONT KNOW HOW TO. Describe how free markets solve the problem of coordination. Why do co

Strike441 [17]

The advantage of a free market economy is that when it works it can both be reward and perpetuate innovation But they are inherently more risky and does tend to favor those more capital and resources . In an Economic make system with multiple equilibria coordination failure occurs when a group of firms could achieve a more desirable equilibrium but fail to because they do not coordinate their decision making

6 0

2 years ago

Performance Bicycle Company makes steel and titanium handle bars for bicycles. It requires approximately 1 hour of labor to make

alexdok [17]

Answer:

Overhead cost allocated to steel bars = $4.6 $\times$ 6,600 = $30,360

Explanation:

Provided information,

Two products manufactured

Steel Bars and Titanium bars

Number of hours = 1 hour each

Total units produced

Steel = 6,600

Titanium = 3,400

Total hours @ 1 hour for each = 6,600 + 3,400 = 10,000

Total Setup cost = $46,000

Cost per hour based on direct labor hours = $46,000/10,000 = $4.6

Overhead cost allocated to steel bars = $4.6 $\times$ 6,600 = $30,360

7 0

2 years ago