Expanding on the Truth in Lending Act (TILA), the act was designed to protect consumers from unfair practices on the part of credit card issuers. It aims to eliminate or lower certain credit card charges, minimize manipulation of younger customers, and provide greater disclosure of fees to all users.
Answer: The correct answers are "expected" and "realized".
Explanation: If Asset A has higher systematic risk than asset B. You can be sure that asset A's <u>expected</u> return will be higher than asset B's, but you can't be sure if asset A's <u>realized</u> return will be higher than asset B's.
Answer:
Dr unearned rent $25,019
Cr rental income $25,019
Explanation:
The cash received on June 1 20Y2 for 12 months rent would have been debited cash while the unearned rent account would have been debited with the same amount.
As of December 31, 20Y2, the rent of 7-month(June-December) have now been earned and adjusted as follows:
earned rent for 7 months=$42,890*7/12=$25,019
The earned rental income would be debited to unearned rent and credit to rental income
<span>As part of its risk taking function, an intermediary such as a wholesaler performs the function of sharing risk with the producer when it stocks merchandise in anticipation of sales. Risk taking involves determining what you are willing to risk to possibly do something else. In this case, a wholesaler and a producer will share the risk of the item selling when they stock shelves prior to seeing if it's what the consumer wants. </span>
