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4 years ago

Regulation Z regulates:

1 answer:

6 0

Regulation Z regulates: "c. truth in lending disclosures to consumers." The Truth in Lending Act (TILA) or the one where Regulation Z is under is a federal law. It was passed in 1968 where it helps ensuring the trust that consumers are treated fairly in regards to credit and lending.

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Nash Corporation owns machinery that cost $24,400 when purchased on July 1, 2017. Depreciation has been recorded at a rate of $2

torisob [31]

Answer:

(a)

Depreciation Expense (Debit): 1,952

Accumulated Depreciation-Machinery (Credit): 1,952

(b)

Cash (Debit): 36,330

Accumulated Depreciation-Machinery (Debit): 12,200

Machinery (Credit): 24,400

Gain of Machinery (Credit): 24,130

Explanation:

Because (10,248 / 2928 = 3.5), we deduce that the depreciation is per month, So:

Depreciation Expense = 2,928 / 12 * 8 = 1,952

Gain of Machinery = Cash - Net Book Value

Gain of Machinery = Cash - (Machinery Cost - Accumulated Depreciation-Machinery)

Gain of Machinery = Cash - Machinery Cost + Accumulated Depreciation-Machinery

Gain of Machinery = 36,330 - 24,000 + 12.000

Gain of Machinery = 24,130

8 0

3 years ago

Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $85,400.

leva [86]

Answer: depreciation = $4020

book value = $77,360

Explanation: Under straight line method of depreciation, the value of the fixed asset is distributed over its useful life equally . It is calculated as follows :-

$\frac{Initial\ cost-salvage\ value}{useful\ life}$

putting the values into equation we get :-

$\frac{85,400 -5000}{20}$

$4020

Book value = Initial value - (years * depreciation)

= $85,400 - (2 * $4020)

= $77,360

3 0

4 years ago

Read 2 more answers

A ____________ perspective theorist might find it particularly noteworthy that wealthy corporations improve the quality of life

OLga [1]

Answer: Functional

Explanation:

Functional perspective is one of the important theoretical perspective in the sociology concept is that it is used as the communication purpose for solving various types of issues and problems in the society and also helps in the decision making process.

This concept mainly focus on the social structure in the society. The main concept of the functional perspective is that it helps in improve the infrastructure of the transportation and also quality of the local economy.

Therefore, Functional perspective is the correct answer.

5 0

3 years ago

Select the statement below that is true. A. Non-satiation means that more is always better. B. Indifference means that only a pa

RSB [31]

Answer:

Explanation:

When there is non satiation, a consumer is yet to be fully satisfied, thus the consumer would benefit from additional consumption up to the point that utility is reached.

completeness means that if a consumer prefers bundle b to c or choice c to b. the consumer is indifferent between both choices

Indifference means that a consumer does not mind various combination of two goods that are on the same indiffernce curve

3 0

3 years ago

Stock market indices:_______ a. measure the value of the average bond yield. b. determine the price of stocks in the index by de

Dima020 [189]

Answer:

d. are average stock prices for a group of companies meant to measure a section of the stock market.

Explanation:

Stock indices are used to measure the performance of a basket of securities and helps investors in a particular segment of the financial market make well informed decisions.

The value of the index is an average of the stock of underlying companies that make up the index.

For example the Dow Jones is a stock index made up of 30 large companies.

Investors compute performance by comparing current price level to previous prices.

4 0

3 years ago