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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.

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A corporation distributes a piece of personal property to a shareholder, in complete liquidation. The corporation had a basis of
Rudiy27

Answer:

The corporation must recognize a $10,000 loss.

Explanation:

The last activity that a corporation must perform upon liquidation is to distribute property, assets or cash to its shareholders. The adjusted basis for any property or assets handed out in a complete liquidation is the fair market value of the property or assets.

In this case, the corporation's property had a basis of $40,000 but a fair market value of $30,000, so the distribution was done using the fair market value of $30,000.

5 0
3 years ago
According to the heckscher-ohlin theorem, trade arises are due to
Dominik [7]
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5 0
2 years ago
Ali had previously calculated the Economic Order Quantity required to efficiently control costs at his company. His calculations
vichka [17]

Answer:

The demand for orders, ordering cost or holding cost, one of them is imperfectly calculated.

Explanation:

Economic order quantity is used to minimise the ordering and holding cost. It helps to efficiently calculate the required inventory and the cost of holding that inventory. Overall, if the demand for orders, holding cost or ordering cost does not match the initial expectation, the actual cost will exceed the expected cost. So, it is important to calculate all three factors for better calculations.

4 0
3 years ago
What is the relationship between the business and the supplier??​
makkiz [27]

This is a very broad question.

There are lots of relationships between business and supplier, but basically the supplier provides the resources for the business to perform its business function.

8 0
3 years ago
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Serga [27]

Answer:

C)

Explanation:

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7 0
3 years ago
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