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2 years ago

What is the purpose of the truth in lending act?

Business

2 answers:

Natali5045456 [20]2 years ago

8 0

B) to keep consumers informed of credit agreements

Softa [21]2 years ago

7 0

b is the answer for you

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The statement reflecting changes in permanently restricted, temporarily restricted and unrestricted net assets for a private sec

ki77a [65]

Answer:

Statement of Net Assets or statement of financial position.

Explanation:

Statement of net assets shows the permanently restricted, temporarily restricted, and unrestricted funds. This is represented into he equity section.

A template for the creation of statement of financial position is provided by the IRS form 990.

Unrestricted assets are donations to the organisation that can be used for general expenses.

Temporarily restricted assets are set aside for a particular project by donors

Permanently restricted assets are those that are invested in perpetuity, and the revenue earned is used for a specific purpose.

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3 years ago

Indicating where an idea or fact came from is known as:

Morgarella [4.7K]

The indication for where the fact came from is called citation

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3 years ago

Read 2 more answers

the u.s. department of veterans affairs (va) has undertaken three separate electronic health record system upgrade projects, non

Dovator [93]

The u.s. department of veterans affairs used the waterfall software development approach would likely have benefit because it offers wide variety to accommodate and collect data.

Software upgradation in an organisation is a bit difficult and managing them individually according to the departments and an integrated software can only accommodate and collect data properly.

The development approach here also signifies a good team of people who can actually apply software development techniques that can easily be used by everyone in the firm.

To learn more about development approach here,

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10 months ago

Hunt Incorporated sold $209,000 of accounts receivable to Gannon Factors Inc. on a with recourse basis. Gannon assesses a 2% fin

pentagon [3]

Answer:

Dr Cash $190,190

Dr Due from Gannon Factors $14,630

Dr Loss on Sale of Receivables $16,280

Cr Accounts Receivable $209,000

Cr Recourse Liability $12,100

Dr Accounts Receivables $209,000

Cr Due to Customer $14,630

Cr Interest Revenue $4,180

Cr Cash $190,190

Explanation:

Journal entries

Dr Cash $190,190

Dr Due from Gannon Factors $14,630

Dr Loss on Sale of Receivables $16,280

Cr Accounts Receivable $209,000

Cr Recourse Liability $12,100

Dr Accounts Receivables $209,000

Cr Due to Customer $14,630

Cr Interest Revenue $4,180

Cr Cash $190,190

*7% X $209,000 =$14,630

*2% X $209,000 =$4,180+$12,100=$16,280

5 0

3 years ago

Value Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The c

sertanlavr [38]

Answer:

$3,504

Explanation:

Catering supplies = $500 + $76 x j + $14 x m

where,

j = number of jobs in a month

m = number of meals in a month

therefore,

Planning budget for June, use the Actual number of jobs and meals into the formula (Actual Activity).

June Catering supplies = $500 + $76 x 13+ $14 x 144

= $3,504

Conclusion

The catering supplies in the planning budget for June would be closest to $3,504.

6 0

3 years ago