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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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. Acme Parts runs a small factory and employs workers who are paid one of three hourly rates depending on their shift: first shi
attashe74 [19]

Answer:

Program file

filename: AcmePay.java

import java.util.Scanner;

public class Payroll {

public static void main(String[] args) {

double[] shiftPay = { 17, 18.50, 22 };

double hourlyPayRate = 0, regularPay = 0, overTimeHours = 0, overTimePay = 0, retirementDeduction = 0,

netPay = 0;

System.out.println("*** Employee Pay ***");

// scanner object to read data

Scanner scan = new Scanner(System.in);

// read the number of hours worked from user

System.out.print("Enter the number of hours worked: ");

double numHours = scan.nextDouble();

// read the shift

System.out.print("Enter the shift (1 - 3): ");

int shift = scan.nextInt();

hourlyPayRate = shiftPay[shift];

// calculate regulaPay

regularPay = numHours * hourlyPayRate;

if (numHours > 40) {

overTimeHours = numHours - 40;

overTimePay = overTimeHours * (hourlyPayRate * 1.5);

}

// calculate grossPay

double grossPay = regularPay + overTimePay;

// check for availability of retirement plan

if (shift == 2 || shift == 3) {

System.out.print("Did the worker elected for retirement (1 for yes, 2 for no): ");

int chooseRetirement = scan.nextInt();

if (chooseRetirement == 1) {

// calculate retirement bonus

retirementDeduction = (grossPay * 0.03);

}

}

// calculate netPay

netPay = grossPay - retirementDeduction;

// print the information to stdout

System.out.println("Hours worked: " + numHours);

System.out.println("Shift: " + shift);

System.out.println("Hourly Pay rate: " + hourlyPayRate);

System.out.println("Regular Pay: " + regularPay);

System.out.println("Overtime hours: " + overTimeHours);

System.out.println("Overtime pay: " + overTimePay);

System.out.println("Total of regular and overtime pay (Gross pay): " + grossPay);

System.out.println("Retirement deduction, if any: " + retirementDeduction);

System.out.println("Net pay: " + netPay);

// close scanner object

scan.close();

}

}

Explanation:

5 0
3 years ago
Henry runs moonlight café, a world renowned fast-food restaurant, in his locality. he started the restaurant after getting a lic
svetoff [14.1K]
The answer to this question is <span>franchise
</span><span>franchise refers to a form of business model that give other party the right to use the company's business model.
</span>As a return, that other party have to pay a certain percentage of money periodically based on the sales that they made by using the franchise.
6 0
3 years ago
Company J acquired all of the outstanding common stock of Company K in exchange for cash. The consideration transferred exceeds
slamgirl [31]

<u>Answer:</u> The amounts have to be determined using fair value for plant and equipment and for long term debt.

<u>Explanation:</u>

Fair value method is based on the market price of the asset. The historical value of the assets is not used to consider the sale price of the asset. Fair value is where Company J and Company K both the parties have to accept the price based on the known facts of the assets.

Company J and Company K should both accept the price out of free will and should not be out of compulsion. Company J can report based on the financial statement fair value of the assets and long term debt.

4 0
3 years ago
Anderson Company acquires Thompson Company by paying $30 million in cash. The fair value of the identifiable assets acquired is
bonufazy [111]

Answer:

The fair value of the assets of the identifiable assets of Thompson company are $38 million and the fair value of identifiable liabilities is $6 million. So if we were to find the value of Thompson company just on the basis of identifiable assets and identifiable liabilities we would subtract the identifiable liabilities from the identifiable assets.

38-6= $32 million.

This means that on the basis of Identifiable assets and identifiable liabilities the value of Thompson company is $32 million but they Anderson Company $ 30 million for the company which means that the company has a negative goodwill. The negative good will is the price paid - the fair value.

30 million - 32 million = -2 million

This means that Anderson Company will record -2 million as negative goodwill and this implies a bargain purchase which means Anderson company will record this 2 million as a gain on their income statement.

Explanation:

5 0
3 years ago
Which of the following is not an economic system?
WITCHER [35]

Answer:

the answer is C

Explanation:

this is what I found listing:

-Pure Market Economy.

-Pure Command Economy.

-Traditional Economy.

-Mixed Economy

7 0
3 years ago
Read 2 more answers
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