Answer:
Major consumer-protecting laws are:
Explanation:
1. Major federal Act Section 5- This legislation specifies that all firms are required to treat the customer equally and must not be at any disadvantage because of their exploitative treatment.
2. Fair Credit Report Act- This statute guarantees that it is treated equally and safely by all companies handling customer data. It makes sure that no unethical sharing of such information with any 3rd person takes place.
3. Financial Modernization Act - This legislation mandates all commercial banks in the United states to include it in principle how they safeguard and manage customer data securely.
In the given transaction Marvin Company has purchased a new building for $250,000. Marvin paid a $100,000 down payment and will pay off the remainder over seven years it means the balance (250000-100000) = 150,000 is a liability for Marvin company.
So there is an Increase in the asset by $250,000 due to purchase of the building and there is a decrease in assets by $100,000 due to the payment of cash. Hence the Net increase in the assets is (250,000-100,000) = $150,000.
And there is an increase in the liabilities by $150,000.
Hence the correct answer is:
d. $150,000 net increase in assets and $150,000 increase in liabilities
Answer: Amount of income assigned to Laverne = $2,150
Amount of income assigned to Shirley = $2,350
Explanation:
Given that,
Laverne invested = $4,000
Shirley invested = $6,000
Each partner receive = 10% return on their invested capital
and remaining income being distributed equally between the two partners.
Partnership earned = $4,500
Remaining income = Partnership earned - 10% on Laverne's capital - 10% on Laverne's capital
= $4,500 - $400 - $600
= $3,500
Amount of income assigned to Laverne:
= 10% of $4,000 + 
= $400 + $1,750
= $2,150
Amount of income assigned to Shirley:
= 10% of $6,000 +
= $600 + $1,750
= $2,350
Answer:
14.81%
Explanation:
Unemployment rate = (unemployed people/ labour force ) x 100
Labour force = unemployed people + employed people
= 230 million + 40 million = 270 million
(40 / 270) × 100 = 14.81%
I hope my answer helps you
Answer:
Zach's annual opportunity cost of the financial capital(implicit + explicit)that has been invested in the business is $700.
Explanation:
opportunity cost = 3%($10,000) +8%($5,000)
= $300 + $400
= $700
Therefore, Zach's annual opportunity cost of the financial capital(implicit + explicit)that has been invested in the business is $700.
