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Zigmanuir [339]
3 years ago
11

Clement applies for a home loan at Global Bank Inc. As part of the process, he provides his personal details to the banker who i

s responsible for sanctioning loans. The banker uses Clement’s personal information to sell him insurance policies. In this scenario, the banker’s action is considered _____.
Business
1 answer:
Temka [501]3 years ago
7 0

Answer:

legal, but unethical

Explanation:

The next time you apply for a mortgage or personal loan, you may be asked if you want to buy credit insurance, or it may already be included in your loan proposal. Credit insurance protects the loan in the event that you cannot make your payments. Credit insurance is generally optional, which means you don't have to buy it from the lender. In fact, the Federal Trade Commission (FTC), the nation's consumer protection agency, says it is against the law for a lender or lender to mislead credit insurance (or other optional products) on your loan without your knowledge or authorization, but only if it is misleading so that insurance can be legally applied which you can later withdraw, that is why it is said to be legal but not ethically correct.

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At the end of business on September 1, the total displayed on the cash register tape shows $1,059 of cash sales for the day. How
IrinaVladis [17]

Answer:

Debit Cash for $1,050; Debit Cash over and short for $9; and Credit Sales for $1,059.

Explanation:

The journal entries will look as follows:

<u>Date            Account Title                         Debit ($)             Credit ($)   </u>

Sept 1          Cash                                           1,050

                   Cash over and short (w.1)               9

                   Sales                                                                      1,059

<em><u>                    To record cash over and short for the day.                            </u></em>

Working:

w.1:    Cash over and short = Cash recorded - Actual cash collected  = $1,059 - $1,050 = $9

8 0
3 years ago
Activities included (and not included) in the calculation of GDP
iVinArrow [24]

Answer:

market value; goods

The gross domestic product (GDP) of the United States is defined as the _market value_ of all _final goods and services_ in a given period of time.

Explanation:

Calculo, a U.S. electronics company, produces a calculator at a plant in Indonesia on March 27, 2015. Calculo imports the calculator into the United States on May 18, 2015.----- The GDP won't be affected by this mainly because it is imported.

Rotato, a U.S. tire company, produces a set of tires at a plant in Michigan on September 25, 2015. It sells the set of tires to Speedmaster for use in the production of a two-door coupe that will be made in the United States in 2015. (Note: Focus exclusively on whether the production of the set of tires increases GDP directly, and ignore the effect of the production of the two-door coupe on GDP.)----- This would have an effect on the GDP because it is a finished domestic product.

An accountant starts a client's 2015 tax return on April 14, 2016, finishing it just before midnight on April 15, 2016.--- This is excluded, the 2015 gdp won't be affected by this.

Fastlane, a Japanese automobile company, produces a sedan at a plant in Indiana on December 9, 2015. A family buys the sedan on December 24. ---It is included as it affects the GDP.

Awake Cafe, a U.S. coffee company, produces a latte at its location in Minneapolis on January 14, 2015. It sells the latte to a customer immediately.----- It affects the 2015 gdp because it's a domestic product.

3 0
3 years ago
There are approximately 1 billion people living in India. Only about 200 million of these people earn more than the equivalent o
MAXImum [283]

Answer:

D. Physiological.

Explanation:

Physiological Needs are the establishment of Maslow's hierarchy of needs and incorporate survival needs such as the requirement for sleep, nourishment, air, and proliferation. Physiological needs are the requirements we as a whole need separately for human survival.

4 0
3 years ago
A firm currently sells its product for $5. It estimates that its average total cost of production is $6 and its average fixed co
myrzilka [38]

Answer:

need help too

Explanation:

4 0
4 years ago
Jim bought an $89 dollar calculator discounted 25%. What did he pay
IRINA_888 [86]
89 (0.25) = 22.25
89 - 22.25 = 66.75$
5 0
3 years ago
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