1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aksik [14]
3 years ago
6

Standard Bank gives John a substantial loan to purchase a new home. This credit transaction is governed by the Truth in Lending

Act (TILA), which requires that certain written disclosures be made before a credit transaction is consummated. The TILA disclosure statement specifies the amount of $15,000, which represents the sum of interest charges John will be required to pay along with the principal amount of $100,000. This specification best exemplifies the _____.
Business
1 answer:
netineya [11]3 years ago
6 0

Answer: finance charge

Explanation: The True in Lending Act (TILA) of 1968 is a Untied States federal law that was created to promote informed customers credit, certain written disclosure be made known before a transaction be consummate.

The fee john is requested to pay by the TILA disclosure statement is the "finance charge ". Standard bank is give John loan and the transaction will be govern by the TILA.

You might be interested in
Will give brainliest
xeze [42]

Answer:

Avoid, because if we study we legit don't have time to take stress so for me it is stress.

Mark as brainliest plssss for u i answered this question...

7 0
3 years ago
Jason's Outdoors manufactures two products: snow skis and water skis. Jason's managerial accountant suspects that product cost d
Ainat [17]

Answer:

Jason's accountant should consider a single plantwide rate to correct the problem.

Explanation:

If a company manufactures products that consume factory overhead costs in different ways, a single plantwide rate may not accurately allocate factory overhead costs to the products and cause cost distortions. Cost distortions can cause companies to lose sales and make incorrect decisions on expanding production.

4 0
3 years ago
Which of these would be an example of insider trading? Group of answer choices
Taya2010 [7]

Answer:n Option (D)

Explanation:

Insider trading is referred to as or known as trading of public companies's stock or their other securities example bonds, options which is usually based on the material nonpublic data and information about organization. In several nations, few types of trading which are based on the insider information and data is considered illegal. The rules of law that tends to govern these insider trading are very complex and thus tend to vary from one country to another country.

8 0
3 years ago
Eugene agrees to finish painting Hazel’s house within two weeks of the time they agree to in the contract. A week in, Eugene rea
Yanka [14]

Answer:

Yes, Hazel needs to pay extra $700

Explanation:

As per pre-existing duty rule, a person is obligated to perform his duty at the consideration agreed upon initially. Any modification to the contract is void.

Exceptions to this rule:

  • As per new contract, if the person undertaking his duty hires another person to perform the work so as to complete it in time, then modifications are valid and enforceable.
  • Modifications are valid in case of unforeseen contingencies like war, recession, change in economic conditions and strikes.

In this case, Hazel agreed to pay $700 extra. Under pre-existing duty rule, she is not required to pay Eugene extra $700 but since Eugene took additional help exception to the rule applies and Hazel is obligated to pay $700 extra.

6 0
2 years ago
Read 2 more answers
Assume that the hypothetical economy of Molpol has 8 workers in year 1, each working 1,200 hours per year (40 weeks at 30 hours
Harrizon [31]

Answer:

Answer for the question:

Assume that the hypothetical economy of Molpol has 8 workers in year 1, each working 1,200 hours per year (40 weeks at 30 hours per week). The total input of labor is 9,600 hours. Productivity (average real output per hour of work) is $10 per worker

Instructions: In parts a and b, round your answers to the nearest whole number. In part c, round your answer to 2 decimal places.

a. What is real GDP in Molpol? Suppose work hours rise by 2 percent to 9,792 hours per year and labor productivity rises by 5 percent to $10.5

b. In year 2, what will be Molpol's real GDP?

c. Between year 1 and year 2, what will be Molpol's rate of economic growth? percent

Is given in the attachment.

Explanation:

7 0
3 years ago
Other questions:
  • Suzanne's Cleaners is considering a project that has the following cash flow data. What is the project's payback?
    7·1 answer
  • According to Fiedler's theory, a high-control situation favors a __________ leader.A. task-motivatedB. relationship-motivatedC.
    6·1 answer
  • Why does demand become more elastic over time?
    5·1 answer
  • Jennifer's company wants to increase online sales of a featured product by connecting with users who are actively researching si
    15·1 answer
  • Dynamic Apps is an organization specializing in highly specialized technology software, but it found that its original business
    13·1 answer
  • What do people think about the homeless
    6·1 answer
  • What term in strategic management theory related to managerial motive defines a manager's actions when those actions shape the f
    8·1 answer
  • Scott is a 50% partner in the LS Partnership. Scott has a basis in his partnership interest of $84,000 at the end of the current
    14·1 answer
  • How should wildlife species like grouse or deer be valued, and how should that value be balanced against the economic interests
    13·1 answer
  • What can you add to your presentation from the Insert tab?
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!