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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

<span>Credit cannot be denied based on unrelated factors.</span>

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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The following units of an inventory item were available for sale during the year. Beginning inventory 10 units at $55 First purc

Sphinxa [80]

Answer:

$1,375

Explanation:

Given the information above, the Ending inventory = Units available - Units sold

Units available = 10 + 25 + 30 + 70 = 80

Units sold = 60

Ending inventory = 80 - 60

Ending inventory = 20

Cost of ending inventory under FIFO

= (15 × $70) + (20 - 15) × $65

= $1,050 + $325

= $1,375

Therefore, the ending inventory cost using FIFO is $1,375

5 0

3 years ago

At its $60 selling price, Atlantic Company has sales of $15,000, variable manufacturing costs of $4,000, fixed manufacturing cos

mash [69]

Answer:

$36

Explanation:

The contribution margin per unit is calculated by subtracting the variable cost per unit from the selling price.

Selling price is $60

Contribution margin per unit?

The total sales in dollar value are $15,000, The sales in units equal to

=$15,000 /60

=250 units

Total variable costs will include variable manufacturing cost plus variable selling and administrative costs

=$4000 + $2000

=$6000

variable cost per unit will be the total variable cost divide by units produced

=$6000/250

=$24

Contribution margin per unit = $60- $24

=$36

6 0

3 years ago

A characteristic found only in oligopolies is products that are slightly different. interdependence of firms. break even level o

Delvig [45]

Answer:

The correct answer is the interdependence of firms.

Explanation:

An oligopoly market is a market structure where there are a few firms. these firms are interdependent. Price and output decisions of a firm affect its rivals. An oligopoly firm faces a downward-sloping demand curve.

In other market structures like monopolistic or perfect competition, the firms are not interdependent.

7 0

3 years ago

Clayborn Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of b

Aleks04 [339]

Answer:

$27,900

Explanation:

The computation of adjusted cash balance is shown below:-

Adjusted cash balance = Balance at May 31 - bank service fees - NSF check

= $28,525 - $25 - $600

= $27,900

Therefore for computing the adjusted cash balance we simply deduct the bank service fee and NSF check from balance at may 31

Hence, the adjusted cash balance is $27,900

7 0

3 years ago

Explain the nature of promotional plan

kirill [66]

Answer:

A promotional plan of a company refers to the promotional mix. This mix contains decisions regarding the company which would put them on the path of growth and lead them towards success.

This consists of decisions regarding the manufacturing procedures, marketing decisions, market niche decisions, customer care services if required, promotional decisions, planing and strategic organizational decisions and etc.

8 0

3 years ago