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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.

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Currency located at the company $ 600
Drupady [299]

Answer:

$12,900

Explanation:

Amount of cash reported in the balance sheet refers to the cash balance in the bank and other short term investments that may be liquidated in 3 months or less.

It is a current asset in the balance sheet.

Amount of cash on balance sheet = $1,500 + $6,700 + $200 + $100 + $4,400

= $12,900

5 0
3 years ago
What is the relationship of expenses, revenues, and dividends to retained earnings?
Maurinko [17]

Revenue and retained earnings provide insights into a company’s financial performance. While Retained earnings are an accumulation of a company's net income and net losses over all the years the business has been operating whereas, Revenue is a critical component of the income statement.

Retained earnings are the amount of profit a company has left over after paying all its direct costs, indirect costs, income taxes and its dividends to shareholders. Retained earnings make up part of the stockholder's equity on the balance sheet.

Revenue, sometimes referred to as gross sales, affects retained earnings since any increases in revenue through sales and investments boost profits or net income.

To learn more about Retained earnings here

brainly.com/question/14529006

#SPJ4

3 0
2 years ago
A cost that will not be affected by later decisions is termed a(n) a.period cost b.replacement cost c.differential cost d.sunk c
LenaWriter [7]

Answer:

Sunk cost

Explanation:

Sunk cost is cost that has already been incurred and cannot be recovered. It should not be considered when making future decisions

Differential cost refers is difference between the cost of two different decisions.

Replacement cost is a the cost incurred in replacing an essential asset.

4 0
3 years ago
Arjun, a U.S. citizen, is a product manager who moved to Argentina to work at the South American office of Senlot Corporation, a
docker41 [41]

Answer:

The correct answer will be "Expatriate manger".

Explanation:

  • Expatriate managers may be described among those who don't seem country's citizens whereby they operate and were appointed due to various their advanced organizational skills but rather because of certain employment organization expertise.
  • They support their businesses to develop international operations, reach international markets as well as transition expertise and competencies to business relationships of their corporations.

So that Arjun is an Expatriate manger,

6 0
4 years ago
(ङ) मुहावरे का अर्थ लिखकर वाक्य प्रयोग करें-<br>चाव होना, आश्चर्य की सीमा न रहना ।​
DerKrebs [107]

Answer:

Are Luke some good friends

Explanation:

In my heart

8 0
3 years ago
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