Answer: The Truth in Lending Act (TILA) of 1968
Explanation: TILA is a law enacted by the USA federal law to protect lenders and consumers generally are treated justly.
The laws requires lenders to disclose the APR (annual percentage rate) of loans, finance charge, repayment schedule and total repayment amount in the documents to be sent to and signed by the lenders.
This is to control the excesses of lenders and the terms used in the contact must be simple to understand by the borrowers.
Answer: The options are missing in the question,they are;
A) Rollover IRA
B) Educational IRA
C) Traditional IRA
D) Roth IRA.
The correct answer to the question is option D
ROTH IRA.
IRA- Individual retirement account.
Explanation: Roth IRA is a type of IRA account,it is a type of tax-advantaged retirement savings account.it allows one to pay more taxes inorder to get a bigger tax savings down the line as the investment grows, when it's time for withdrawal,it will be tax-free.
The contributions in Roth IRA are not tax-deductible, but once you start withdrawing funds, the money is tax-free. savings are built by allowing the owner of the Roth IRA to make regular contributions and invest them in a portfolio of stocks, bonds, mutual funds or other investments.the taxes on investment transactions that occurs in the Roth IRA account are deferred until withdrawal of any earnings are made. Just like other IRA accounts,Roth IRAs offer several key benefits, including tax-free growth, tax-free withdrawals in retirement, and no required minimum distributions,the only disadvantage of a Roth IRA is that contributions to a Roth are limited by your household income.
Absolute Advantage is the ability of an individual or group to carry out a particular economic activity more efficiently than another individual or group.
Comparative Advantage is the ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity.
The producer that requires a smaller quantity inputs to produce a good is said to have an absolute advantage in producing that good. Comparative advantage refers to the ability of a party to produce a particular good or service at a lower opportunity cost than another
Answer:
E) They address every ethical issue that an employee may face.
Explanation:
Codes of conduct are all the rules that establish what is acceptable behavior and what is not acceptable behavior. Each organization should develop its own codes of conduct and provide them in writing to each of their employees.
But no matter how long and detailed a code of conduct is, it cannot include every possible ethical issue or action that can take place in an organization because the options are simply too many.
Answer:
The answer is: You should invest in Project B since it has a higher NPV ($12.65) than Project A ($12.04)
Explanation:
Using an excel spreadsheet we can determine the net present value (NPV function) of the cash flows associated with each project.
<u>Project A</u> <u>Project B</u>
40 30
50 30
60 30
0 30
discount rate for both projects = 15%
NPV Project A's cash flows = $112.04 minus the amount invested (100) = $12.04
NPV Project B's cash flows = $85.65 minus the amount invested (73) = $12.65
