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3 years ago

According to the FTC, how does the ECOA empower individuals?

Business

2 answers:

icang [17]3 years ago

5 0

Credit cannot be denied based on unrelated factors.

Musya8 [376]3 years ago

5 0

According to the FTC, how does the ECOA empower individuals? Credit cannot be denied based on unrelated factors.

FTC stands for the Federal Trade Commission and the ECOA stands for Equal Credit Opportunity Act. The ECOA is a law in the United States in regards to credit applications not being discrimated by race, color, religion, national origin, sex, maritial status, or age. The only reason a person should be denied from receiving loans is if they have a low credit score or other factors that directly relate to the reasons credit lenders deny consumers.

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If consumption expenditures are $500 million, net investment is $100 million, depreciation equals $5 million, imports are $50 mi

erik [133]

Your answer is........C) $830 million.

8 0

3 years ago

The May transactions of Bramble Corp. were as follows:

svlad2 [7]

Answer and Explanation:

The journal entries are given below:

On May 4

Account payable $610

To cash $610

(To record the cash paid)

On May 7

Account receivable $6,840

To service revenue $6,840

(To record the service on account)

On May 8

Supplies $870

To Account payable $870

(To record supplies purchased on account)

On May 9

Equipment $1,930

To cash $1,930

(To record the equipment purchase)

On May 17

Salary expense $700

To cash $700

(To record the salaries expense)

On May 22

Repair expense $800

To Account payable $800

(To record the received bill for repairing of an equipment)

On May 29

Prepaid rent $1,280

To cash $1,280

(To record the cash paid)

4 0

3 years ago

What is a saturated market like for sellers? A. Consumer demand is higher. B. It contains more available consumers. C. It is mor

mestny [16]

Hello,

The answer should be option D "It encourages companies to produce more of the product".

Reason:

A saturated market is a product that is distributed which means companies would have to make more of that product in order to make money, and to have more consumers buy their products. The answer is not option A because the consumer will demand more of the product but not to be higher. Its not option B because the product is being distributed among people but not different consumers. Its also not option C because its not against other markets. Therefore the answer is option D.

If you need anymore help feel free to ask me!

Hope this helps!

~Nonportrit

4 0

3 years ago

Read 2 more answers

A company is considering the purchase of new equipment for $57,000. The projected annual net cash flows are $23,400. The machine

lina2011 [118]

Answer:

Net Present Value = $3,304.069

Explanation:

To determine whether or not the investment was right, we will need to determine the net present value of the investment (NPV).

The NPV is the difference between the present value PV of cash inflows and the PV of cash outflows. A positive NPV implies a good investment decision and a negative figure implies the opposite.

NPV of an investment(NPV)

NPV = PV of Cash inflows - PV of cash outflow

The cash inflow is an annuity.

PV of annuity= A× 1 -(1+r)^(-n)/r

A- Annual cash flow ,- 23,400 r - discount rate - 8%, number of years- 3

Present Value of cash inflow =23,400 × (1- (1.08)^(-3)/0.08 = 60,304.06

Initial cost = 57,000

Net Present Value = 60,304.06 - 57,000 = 3,304.069

Net Present Value = $3,304.069

Kindly note that a discount rate of 8% was used as it is the opportunity cost of capital for the investment.

4 0

3 years ago

Who on here can drive and lives in Florida?

iragen [17]

Answer: aye im 15 i can drive and no i dont live in florida

Explanation:

8 0

3 years ago