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ella [17]
4 years ago
11

Which laws or regulations require mortgage lenders to disclose financing costs and annual percentage rate to a borrower before f

unding a loan?
Business
1 answer:
lakkis [162]4 years ago
8 0

Answer:

The Truth in Lending Act (TILA)

Explanation:

TILA was passed in 1968 in an attempt to protect loan consumers from unfair practices carried out by lenders. TILA requires lenders to disclose the credit terms in a simple and understandable manner so that potential consumers can compare credit terms offered by different lenders. The information disclosed must include the loan's APR, principal, finance charges, payment schedule and monthly payments.  

TILA applies to most types of consumer credit, including car loans, home mortgages, credit card, home equity loans, etc.

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A potential benefit of telecommuting is that it _____. reduces employee turnover regulates work routine increases interaction wi
Lyrx [107]

In the given choices above, the potential benefit of telecommunication is that it was able to provide a reduce employee turnover because its task was able to provide a technology of which information exchange is made easy and the employees are given benefits.

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6 0
3 years ago
The text discusses strategic trade-offs that are different between Walmart and Nordstrom even though they are in the same indust
Radda [10]

<u>Solution:</u>

I have selected Nintendo and Sony as the 2 companies to compare their tradeoffs policies based on their gaming devices as the product of choice. While Sony works towards creating an all-round experience for the people in the terms of creating their game consoles, based on the needs of the players to have a product capable of the best graphics possibility at an affordable price, Nintendo focuses more on the playability factor and the connection their customers have with their brand more than the factor of pricing and placement and as a result, they both have different categories of customer and game players which use their product.

Nintendo focuses on gameplay itself and the environment that supports it while providing hardware capable to achieve the bare minimum requirements while song's product essentially provides the best possible hardware at the price point, allowing them the factor of future upgradability and utilizing the difference in requirements to their advantage, both have tradeoffs with cost, market segment and approachability.

5 0
3 years ago
Rowan and Vanessa plan to pool their money and talents to form a general partnership and start a music school. One of the first
tensa zangetsu [6.8K]

Answer: B) consult an attorney and put their agreement in writing.

Explanation:

As soon as they have agreed to form a partnership, they should put this on paper to finalize it properly and give it more legal standing.

They do this by consulting an attorney who will then put the agreement to writing. This agreement will show what is expected of both parties and will be fully enforceable. It would also help in filling the requisite documents for the formation of the music school.

8 0
3 years ago
Beatrice is a Keynesian economic theorist. Accordingly, which of the following actions would Beatrice consider to be most expans
zhuklara [117]

Answer:

D. a $10 billion increase in government spending and a $5 billion decrease in taxes

Explanation:

Keynesian economy is a macroeconomic theory based on the views of the 20th century British economist John Maynard Keynes. The Keynes economy advocates a mixed economy in which the private sector is dominant but the state and public sector play a big role. According to the Keynesian economy, decisions made by the private sector sometimes cause inefficient macroeconomic results. For this reason, the state should play an active role and stabilize the business cycle. For example, monetary policies through the central bank and fiscal policies through the government should be implemented.

According to Keynesian theory, the sum of some micro-economic behaviors exhibited by all individuals and businesses results in inefficiency and the economy operates at a level below its potential output and growth. When the total demand for products is insufficient, the economy goes into a crisis and unnecessary unemployment occurs due to the defensive behavior of the manufacturers. In such cases, the government may follow some policies to increase aggregate demand and consequently speed up economic activities and reduce unemployment. Most Keynesian people propose policies to stabilize the business cycle. For example, when the unemployment level rises too high, the state may follow a growth-oriented monetary policy.

Keynes considered the revival of the economy with low interest rates or taxes and increase in state investments or government spending as a solution to the Great Depression. It increases investment income and consequently consumption by the state, as a result of which more production and investment are provided, and as a result, consumption increases again. The first economic stimulus investment triggers a sequence of events and provides a much more stringent economic efficiency than the subsequent investment. Some Keynesian economists have particularly emphasized the importance Keynes gives to international coordination, the necessity of international economic institutions, and how economic forces can lead to war or peace.

6 0
3 years ago
Astor, a cash-basis taxpayer, died on February 3. During the year, the estate's executor made a distribution of $12,000 from est
Anettt [7]

Answer:

d. $42,000

Explanation:

Calculation for what was the estate's distributable net income (DNI)

ESTATE'S DISTRIBUTED NET INCOME

GROSS INCOME:

Taxable interest $65,000

ESTATE DISBURSEMENTS:

Less Administrative expenses ($14,000)

Less Charitable contributions from gross income ($9,000)

DISTRIBUTED NET INCOME (DNI) $42,000

($65,000-$14,000-$9,000)

Therefore the estate's distributable net income (DNI) will be $42,000

7 0
3 years ago
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