The fair credit billing acts purpose is to protect consumers from unfair billing practices and to provide a mechanism for addressing billing errors in "open end" credit accounts.
The truth lending act designed to promote the informed use of consumer credit.
Closed end Credit is a type of credit that should be repaid in full amount by the end of the term, by a certain date and time.
The credit card act is an act to make sure fair practices and transparent practices are used for a open end credit consumers.
Hope this helps.
:p
Answer:
Income Statement For the Year Ended 2014 $
Revenue 2,984,000
Cost of Goods Sold (1,419,000)
Gross Profit 1,565,000
Selling, general, and administrative expenses (454,000)
Earnings before Interest and Tax 1,111,000
Interest Expense (288,000)
Profit before Tax 823,000
Tax Expense (318,000)
Profit After Tax 505,000
Operating Cash Flows $
Earnings before Interest and Tax 1,111,000
Depreciation 258,000
Interest Expense (288,000)
Tax Expense (318,000)
Cash Flow from Operating Activities 763,000
Explanation:
Revenue is an income statement item which is reported at the top. Cost of Goods Sold is deducted from revenue to find out Gross Profit. After the Gross Profit is derived then we deduct Selling and Administrative cost. We can now have Earnings before Interest and Tax (EBIT). Interest Expense is deducted from the EBIT. We derived Profit before Tax. After that we deduct Tax Expense and we can have Profit After Tax.
Operating cash flows starts with Earnings before Interest and Tax. We add back Depreciation and deduct interest expense and Tax expense. Cash flow from Operating Activities is derived.
Answer:
$22.2222, $9.5238, respectively
Explanation:
The market-to-book ratio is given by a share's market value divided by its book value, if shares are selling for $100 on the market, the book value is:
The price to earnings ratio (PE ratio) is determined as a share's price divided by the earnings per share. Earnings per share are:
The book value per share and earnings per share are $22.2222, $9.5238, respectively
Answer:
A) rivalry among existing competitors
Explanation:
Since Barb chooses to go to Payless Shoes to purchase her children's shoes rather than shopping at another shoe seller Zappos.com, this is an example of rivalry among existing competitors
.
In Porters' five forces, Competitive rivalry measures the extent of competition between existing firms. This rivalry can trigger price wars (including price cutting) which result in limitation of profits. It also involves increased advertising costs, higher research and development on service/product improvements and innovation, etc.
Answer:
The appropriate solution is:
(a) $3150
(b) $4200
Explanation:
According to the question,
(a)
The exchange loss will be:
= 
= 
= 
($)
(b)
The exchange loss will be:
= 
= 
= 
($)
