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RoseWind [281]
2 years ago
14

Please select the word from the list that best fits the definition

Business
1 answer:
meriva2 years ago
8 0

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.

You might be interested in
Which one of the following parties has ultimate control of a corporation?
mariarad [96]

E) Shareholders

Good luck!!!

7 0
3 years ago
Fuente, Inc., has identified an investment project with the following cash flows. Year Cash Flow 1 $ 950 2 1,180 3 1,400 4 2,140
Anon25 [30]

Answer:

$6,225.08

Explanation:

The computation of the future value of these cash flows in year 4 is shown below:

= Year 1 cash flow × (1 + interest rate)^year + Year 2 cash flow × (1 + interest rate)^year + Year 3 cash flow × (1 + interest rate)^year + Year 4 cash flow × (1 + interest rate)^year

= $950 × 1.08^3 + $1,180 × 1.08^2 + $1,400 × 1.08^1 + $2,140

= $950 × 1.259712  +  $1,180 × 1.1664  + $1,400 × 1.08 + $2,140

= $1,196.7264  + $1,376.352  + $1,512  + $2,140

= $6,225.08

3 0
3 years ago
The BobCat Inc. reported gross sales of $100,000, sales returns and allowances of $5,000, and sales discounts of $2,000. The com
Y_Kistochka [10]

<u>Answer:</u>0.775 times

<u>Explanation:</u>

Given

Gross sales          100000

Sales returns             5000

Sales discounts         2000

Tangible assets        25000

Average total assets 120000

Calculation of assets turn over ratio

Assets turnover ratio = Net sales / Average total assets

=(100000-5000-2000)/120000

=0.775 times

Assets turnover ratio is 0.775 times

Gross sales is the sales made by the company but net sales is where the actual value of sales has happened after the rebates, allowances and discounts. Assets turn over ratio is used to measure the company's abilities to utilize its assets efficiently in generating sales income to the company.

4 0
3 years ago
If buyers’ incomes increase, the demand curve will shift to the _____ and the prices will _____.
taurus [48]

Answer:

Demand curve will shift to the right, the prices will increase.

Explanation:

An increase in the income of the consumer of will cause the demand curve of the consumer to shift to the right. This rightward shift in the demand curve will cause the demand curve to intersect the supply curve at a higher point.  

As a result, the equilibrium price level and the equilibrium quantity will increase. A decline in the income, on the other hand, will cause both quantity and price to decline because of a leftward shift in the demand curve.

8 0
3 years ago
Peterson Company's petty cash fund was established on January 1 with $500. On January 31, a count of the fund revealed: $105 in
mr_godi [17]

Answer:

(395) NA (395)NA 400 (395)(395) OA

Explanation:

Data provided in the question  

Petty cash fund balance = $500

Remaining cash balance = $105

Vouchers for miscellaneous expenses = $400

Sp by considering the above information, the effect would be and the balance would be  

= Petty cash fund balance - remaining cash balance

= $500 - $105

= $395

So the effect would be recorded as an operating activity for $395 plus it also records the miscellaneous expense for $400 and another financial statement is also affected  

7 0
3 years ago
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