The truth in the loan policy requires that a creditor to notify the borrowers of what money is going to cost them before using it.
<u>Explanation:
</u>
The Truth in Loaning Act (TILA) is a national law enacted in 1968 that guarantees consumer protection and informs consumers of the true cost of borrowing. To order to ensure that customers can easily equate shop interest rates and terms, TILA allows loan requirements to be reported in a readily understandable manner.
The TILA proposes laws related for closed accounts (for example, home and car loans) or open accounts (for example, credit cards). It does not limit the amount of interest that banks can pay or offer a loan to banks.
Answer:
net income = $41752
so correct option is A. $41,752
Explanation:
given data
sales price = $481,600
costs price = $379,700
depreciation expense = $32,100
interest paid = $8,400
The tax rate = 32%
to find out
net income did the firm earn for the period
solution
we get here net income that earn for the period is express as
net income = ( sales price - costs price - depreciation expense - interest paid ) × ( 1 - tax rate ) ......................... 1
put here value we get
net income = ( $481,600 - $379,700 - $32,100 - $8,400 ) × ( 1 - 32% )
net income = $41752
so correct option is A. $41,752
Answer:
Correct option is (c)
Explanation:
MIS is the abbreviation for management information system. It helps managers organizing different tasks and departments within the organization.
It is a computer based software that enables retrieving past data, analyse present data and predict future data, thereby simplifying decision making process. As such, it can be said that MIS contributes or enables business success and innovation.
Answer:
Ambitious Displaying adds that are eye catching are a major benefit to businesses. It allows you to make your mark on a users brain, when using display ads make sure to make yours stand out you dont want your advertisement to be one of the annoying ones that forces users to ignore it completely. Hope this helps!
The adjusting entry required for unearned rent on December 31, 20Y1 is: Debit Unearned rental revenue $16,296;Credit Rental revenue $16,296.
<h3 /><h3>Unearned rent</h3>
Based on the information given the appropriate adjusting entry required for unearned rent on December 31, 20Y1 is:
31 December
Debit Unearned rental revenue $16,296
Credit Rental revenue $16,296
($39,110×5/12)
(To record unearned rent)
Inconclusion the adjusting entry required for unearned rent on December 31, 20Y1 is: Debit Unearned rental revenue $16,296;Credit Rental revenue $16,296.
Learn more about unearned rent here:brainly.com/question/4260123
