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Tcecarenko [31]
3 years ago
14

Eric and Sharaveen Rush filed a claim alleging violations of the Fair Credit Reporting Act arising out of an allegedly erroneous

credit report prepared by a credit bureau from information, in part, from Macy’s, the department store. The error causes the Rushes to be denied credit. Macy’s filed a motion to dismiss. Is Macy’s liable? Discuss.
(Answer in your own words!)
Business
1 answer:
SVEN [57.7K]3 years ago
8 0

Answer:

Macy is liable. The Federal Trade Commission states that both the credit rating agency and Macy's are responsible for correcting the erroneous credit report. It is very hard to sue and win a credit rating agency because they will place the blame on the company that made the initial mistake (Macy's), but lately courts have accepted cases against the companies that cause all this mess.

Courts have lately ruled in favor people alleging that a bad credit report damaged them since a good credit rating is considered an intangible asset. The company that cause the mistakes are liable for any possible damages resulting from a poor credit rating.

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According to the text, how can you make your support material more interesting?
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Using the Du Pont method evaluate the effects of the following relationships for the company.
hammer [34]

Answer:

Explanation:

A. Profit margin*Total asset turnover=Return on assets(investment)

0.07*TAT=25.2

TAT=360

B. Return on equity=Return on assets/(1-debt/assets)=25.2/(1-0.5)=50.40%

C. Return on equity=Return on assets/(1-debt/assets)=25.2/(1-0.35)=38.77%

3 0
3 years ago
Suppose that the marginal cost of an additional ton of steel produced by Japanese firm is the same whether the steel is set asid
Zielflug [23.3K]

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Explanation:

Price elasticity measures the change in quantity demanded resulting from a change in price. The higher the price elasticity, the more the change.

In this scenario, the price elasticity is lower abroad than it is in Japan. The company will therefore charge a higher price abroad because they know that the quantity demanded will not change as much even if they raise prices. This is as opposed to Japan where the quantity demanded will change more if they increase prices.

8 0
3 years ago
An HR director determines that all applicants who receive at least an 81 on their test will be able to perform the functions of
amm1812

Answer:

The correct answer is: passing score.

Explanation:

Recruiters in the Human Resources (HR) department can use different approaches at the moment of evaluating applicants. One of those techniques is the passing score approach which consists of one or many rateable tests applicants will take to determine <em>skills, knowledge, </em>and <em>expertise</em>. HR managers set the minimum score to be beaten so the applicant can be hired for the position offered.

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