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WINSTONCH [101]
3 years ago
7

Under the identity theft and assumption deterrence act of 1998, the _____ is assigned responsibility to help victims restore the

ir credit and erase the impact of the imposter.
Business
1 answer:
Mumz [18]3 years ago
6 0
<span>Under the identity theft and assumption deterrence act of 1998, the Federal Trade Commission is assigned responsibility to help victims restore their credit and erase the impact of the imposter.

The Federal Trade Commission or FTC is known for outlawing unfair methods in business that reflects unfair practices of business and/or competition. The FTC monitors businesses to make sure they are acting appropriately as they conduct business. </span>
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An investment project provides cash inflows of $1,275 per year for eight years. a. What is the project payback period if the ini
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Answer:

The correct answer for option (a) is 3.22 years, option (b) is 4.04 years and for option (c) is 0 years.

Explanation:

According to the scenario, the given data are as follows:

Cash inflow = $1,275

Project payback period = Initial cost ÷ Cash inflow

(a). Initial cost = $4,100

So, Project payback period = $4,100 ÷ $1,275

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(b) Initial cost = $5,150

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On January 1, Year 1, Johnston Company purchased a 40% interest in the common stock of Truly Inc. for $100,000. Johnston has sig
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Answer:

$112,000

Explanation:

The Equity method shall be used in this question for determining book value of investment made by the Johnston company in Truly Inc because the investment gives the Johnston company the significant influence over the Truly Inc.

Under equity method, the book value of investment made by the Johnston company as at end of year 1 shall be determined as follow:

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Add: Net income for the year                          $20,000

(50,000*40%)

Less: dividends received                                 ($8,000)

(20,000*40%)    

Book value of investment at end of year 1      $112,000

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