1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
neonofarm [45]
3 years ago
10

Which law requires lenders to disclose to buyers the true cost of obtaining credit so that the borrower can compare the costs of

various lenders.
Business
1 answer:
Romashka-Z-Leto [24]3 years ago
4 0

Answer: The Truth in Lending Act (TILA)

Explanation: The Truth in Lending Act (TILA) is a federal law passed to ensure that loan consumers are treated fairly by loan lenders.

TILA requires lenders to disclose credit terms in an easily understandable manner so that consumers can confidently compare interest rates and conditions with others in the business.

Information to be disclosed include, amount, APR, finance charges, a schedule of repayment over the period of the loan.

You might be interested in
Approximately what percentage of the jobs in the united states do small businesses provide?
Alchen [17]
Small business in the US provides 64% of new private-sector jobs,  49.2% of private sector employment and 46% of private-sector output. It can be seen clearly from this that small business is a major contributor to employment and output in the US.
7 0
3 years ago
Accounting about Stockholders' Equity? 1. Common stockholders usually have all of the following rights except: a) To receive div
lisov135 [29]
1. D. to participate in the day-to-day operations.
Let's say that you buy a stock for microsoft, it doesn't make you able to come to their offices and help them handling the customers.

2. C. the risk of bankrupt is less
when you sell your company's stock to other buyers, that buyers will also take the risk from all your company's activity because technically they own a part of your company, which make the risk of going bankrupt is less, but you surrender a part of ownership of your company

3. B. Preferred Stock

Where a company liquidates its assets, they will distribute the payment to all the holders of preferred stock first.

If there's any leftover after the company distribute the payment to preferred stock holders, than that leftover is distributed to the common stock holders

Hope this helped you out

8 0
3 years ago
Select the correct answer from each drop-down menu.
kolbaska11 [484]
This is the answer to your question

3 0
3 years ago
Brick Co. has 170,000 shares of common stock outstanding at January 1, 2015. On May 1, 2015, it issued 30,000 additional shares
fenix001 [56]

Answer:

The number of shares that Brick should use to calculate 2015 diluted earnings per share are 202,000 shares

Explanation:

The computation of the number of shares are shown below:

= January 1 shares + may 1 shares + convertible cumulative preferred stock

= 170,000 shares × 4 months ÷ 12 months + 200,000 shares × 8 months ÷ 12 months + 12,000 shares

= $56666.67 + $133,333.33 + $12,000

= $202,000 shares

The 4 months are calculated from January 1 to May 1, 2015

And, the 8 months are calculated from May 1 to December 31

3 0
3 years ago
A total of $44,000 is invested in two municipal bonds that pay 5.75% and 7.25% simple interest. The investor wants an annual int
Nataliya [291]

Answer:

Amount invested at 5.75% = $30,000

Amount invested at 7.25% = $14,000

Explanation:

Let the amount invested

at 5.75% = X

at 7.25% = Y

According to given condition

X + Y = $44,000 ( Eq 1)

and

0.0575X + 0.0725Y = $2,740 ( Eq 2)

By multiplying ( Eq 1) with 0.0575

0.0575X + 0.0575Y = $2,530 ( Eq 3)

By subtracting ( Eq 3) from ( Eq 2)

0.0725Y - 0.0575Y = $2,740 - $2,530

0.015Y = 210

Y = 210 / 0.015

Y = $14,000

X + $14,000 = $44,000

X = $44,000 - $14,000

X = $30,000

Check:

$30,000 x 5.75% + $14,000 x 7.25% = $2,740

$2,740 = $2,740

5 0
3 years ago
Other questions:
  • Sosa Corporation recently reported an EBITDA of $31.9 million and net income of $9.7 million. The company had $6.8 million in in
    10·1 answer
  • In a CBA, if the benefits of a control outweigh the costs of implementing that control, then the control can be implemented to r
    8·1 answer
  • With respect to advertising, _____ opinion leadership can involve presenting the results of surveys showing that a high percenta
    7·1 answer
  • The ________ oversees the coast guard, the u.s. immigration and customs enforcement, the u.s. secret service, and the federal em
    6·1 answer
  • Gunnar, age 12, is paid $8 a week by his parents, bjorn and anna, to clean his room, fold and put away his laundry, take out the
    5·2 answers
  • Identify which qualitative characteristic of accounting information is best described in each item below. (Do not use relevance
    7·1 answer
  • In one hour, the United States can produce 25 tons of steel or 250 automobiles. In one hour, Japan can produce 30 tons of steel
    6·1 answer
  • Digit designs manufactures high-quality gloves and other accessories. it already uses both computer-aided design and computer-ai
    8·1 answer
  • Anyone know the answer to this question
    6·2 answers
  • Which of the following is true of a central bank that employs inflation targeting? A target rate of annual inflation is maintain
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!