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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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Gennadij [26K]

Answer:

1040, 1040A and 1040EZ

Explanation:

hope this helps

7 0
3 years ago
Cold Goose Metal Works Inc. just reported earnings after tax (also called net income) of $8,000,000 and a current stock price of
Harrizon [31]

Answer:

$14.49

Explanation:

Present P/E ratio = Current stock price/(Net income/Shares outstanding)

Present P/E ratio = 14.75/($8,000,000/5,500,000 shares)

Present P/E ratio = 10.1406

EPS after 1 year = 8000000*125%/ 7000000

EPS after 1 year = 1.4286

Stock price = EPS after 1 year * Present P/E ratio

Stock price= 1.4286* 10.1406

Stock price = $14.49

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2 years ago
Depreciation is incorporated into the discounted cash flow analysis of an investment proposal because it: Select one: a. Is a co
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Answer:

the answer is b

Explanation:

cause its the annual cash outflow

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3 years ago
Panuto: Buuinangmgasalita. Punan ng tamang letra ang bawat kahonupangmabuoangtamangsalita.Isulatangsagotsaiyongsagutangpapel.
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7 0
2 years ago
You are preparing for a 3-month global assignment in Turkey working on an international quality improvement team for your compan
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Answer:

The correct answer is letter "C": Geopolitical views of your own (native) country.

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