1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
harkovskaia [24]
3 years ago
12

Erin works at a financial Institution. She has offered a housing loan to a customer. While carrying out the transaction, which l

egal responsibility
should she address?
OA. arrange an informal meeting with the customer
B. organize a success party for the department
C. disclose all confidential Information about the organization to the customer
D. ensure that she credits the loan amount accurately to the customer's account
E show the customer a list of people who defaulted on similar loans
Business
1 answer:
disa [49]3 years ago
5 0

Answer:

D. Ensure that she credits the loan amount accurately to the customer's account.

Explanation:

Financial institutions are companies that offer a wide range of monetary and financial services to various customers. The financial institutions include; commercial banks, brokerage firms, investments firms and currency exchange companies. The services offered are; cash deposits and withdrawals, loans, investment services and currency exchange services.

These services can be offered to individuals or even companies that might need a wide range of financial services. In order for these services to be conducted in an orderly fashion, the services offered have to be regulated. This means that the service providers and the customers have to operate within a legal threshold. A knowledge of the legal responsibility of each party is therefor important in these type of environment.

In our case, the legal responsibility of Erin who works as a representative of the financial institution would be to ensure that she credits the loan amount accurately to the customer's account since Erin had already approved the customer's housing loan.

You might be interested in
Brown Company provided services to a customer and immediately collected $1,900 cash. Show how to record the transaction to the T
hjlf

Answer:

credited; right; debited; left

Explanation:

The journal entry to record this transaction is shown below:

Cash A/c Dr $1,900

     To Service revenue A/c $1,900

(Being the cash is collected)

It to be displayed in T accounts

For cash account

                                                               Cash

Debit side

Service revenue                    $1,900

For service revenue account

                                                    Service revenue

                                                                                      Credit side

                                                                                     Cash    $1,900

So, the cash account would be debited and would be displayed on the left hand side while the service revenue would be credited and  would be displayed on the right hand side

8 0
3 years ago
A company issues $60,000 of 6%, 5-year bonds dated January 1 that pay interest semiannually on June 30 and December 31 each year
bekas [8.4K]

Answer:

Decrease, $2,000

Explanation:

The premium on bonds payable will <u>decrease </u>total interest expense recognized over the life of the bond by <u>$2,000</u>. The difference between the face value & the issue value $2,000 ($62,000 - $60,000) should be amortize over a period of time and of which is reduced from interest expense.

6 0
3 years ago
At the time of his death on July 9, Aiden held rights in the following real estate: Fair Market Value (on July 9) Apartment buil
VladimirAG [237]

Answer:

The answer is \$1,200,000"".

Explanation:

\to [\$500,000 (\frac{1}{3} \times \$1,500,000) + \$250,000 (\frac{1}[3}  \times \$750,000 + \$450,000 (\frac{1}[2}  \times \$900,000]\\\\\\to \$1,200,000

Though this tree farm is jointly held, Aiden is assumed to have given 1/3 of the treatment because his mother gave her a gift to create the lease. The tenancy of the major chunk is subjected to the fifty percent spouse exclusion rule. None of the structures is included as Chloe does not escape Aiden.

6 0
2 years ago
Lucky Company's direct labor information for the month of February is as follows: Actual direct labor hours worked (AQ) 61,500 S
Rufina [12.5K]

Answer:

d. $18,900 unfavorable.

Explanation:

Direct labor efficiency variance = SR*(SH-AH)

18000 = SR*(63000-61500)

18000 = 1500 SR

SR = $12

Total standard direct labor cost for February = 63000*12= $756,000

Direct labor flexible-budget variance = $774,900 - $756,000 = $18900 Unfavorable

3 0
3 years ago
Among the greatest failures of the process of collectivization in China was Group of answer choices trying to convert desert and
Romashka-Z-Leto [24]

Answer:

C. the starvation of up to 35 million people.

Explanation:

Collectivization was first introduced in the USSR by Joseph Stalin between 1929-1933 and his purpose for starting this process was to limit the powers of the Kulaks, who were the rich peasants. The program was also aimed at improving agriculture. China adopted this same policy under the rule of Mao Zedong between 1949-1976. Also known as <em>The Great Leap Forward </em>era, this process sought to make China a socialist economy and also increase productivity in agriculture.

The resultant effect of this process was mass starvation of about 35 million people in 1959. Although the government referred to floods and droughts as the cause of this starvation, it was actually the result of collectivization. When Diang Xiaping came into power in 1978, he instituted reforms in the collectivization process that proved successful.

3 0
3 years ago
Other questions:
  • Annie invested in a set of stocks and made $4,000 in profit. She has learned that she will have to pay taxes on the profit she h
    6·2 answers
  • A managerial accounting report that presents predicted amounts of the company's revenues and expenses for the budget period is c
    8·2 answers
  • Work in Process Inventory
    15·1 answer
  • As the contestant with the longest winning streak in the history of Jeopardy, Ken Jennings won more than $2.5 million. Suppose h
    8·2 answers
  • Exercise 13-02 The following are selected 2020 transactions of Sandhill Corporation.
    10·1 answer
  • Hershey's decides to start using a compostable material in which to wrap their chocolate. Unfortunately, this material begins br
    5·1 answer
  • The following standards for variable overhead have been established for a company that makes only one product:
    12·1 answer
  • What cost of living?<br> Need help please
    6·1 answer
  • The following information is taken from the 2022 general ledger of Sunland Company.
    12·1 answer
  • What are some risks of adding a new product?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!