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
Austin Grocers recently reported the following 2016 income statement (in millions of dollars): Sales $700 Operating costs includ
Zolol [24]

Answer:

$152.4 million

Explanation:

The computation of the projected net income is shown below:

As we know that

Net income = (EBIT - interest) × (1 - tax rate)

where,

EBIT = Sales - operating cost

= $700 × 120% - ($700 × 120% × 65%)

= $840 - ($840 × 65%)

= $840 - $546

= $294

The interest expense and tax rate is $40 and 40%

So, the projected net income is

= ($294 - $40) × (1 - 40%)

= $152.4 million

We simply applied the above formula so that the projected net income could be come

7 0
2 years ago
Mary, a sales representative for a small cleaning business, asks current customers for names of friends, customers and other bus
Fofino [41]

Answer:

Mary is relying on <u>referral marketing</u> to identify potential customers.

Explanation:

Referral marketing is a method of spontaneously promoting a businesses products and services to new customers by word of mouth. This can happen through a variety of channels such as email, mobile, and social media.

Referral programs are formal programs that exists in some organizations instituted by employers to encourage employees to refer candidates for jobs at the company.

Referral programs benefit both the employer and the current employees. In some cases, a bonus can be earned if a referred candidate is hired.

8 0
2 years ago
Read 2 more answers
The Artisan Cheese Company in Florida has decided to add a new line of imported cheeses to its offering. The company president (
KonstantinChe [14]

Answer:

Cheeses from England.

Explanation:

First, let us define what Marketing Mix is:

  • This refers to the number of strategies a company employs to promote its goods and services in the market. The four Ps of the marketing mix include Product, Price, Place and Promotion.

The goal of a marketing strategy is to create awareness among the target audience.

Feedback and surveys are ways in which a company informs its marketing mix strategy. Therefore, if it has been determined from the customer feedback from company surveys and cheese tasting that the Product the customers prefer is Cheese from England, then that is what should be produced and promoted.

It cannot be over emphasized that companies are in business because of the customers, so their opinion takes precedence, as the saying goes, customer is always right. Therefore, if the need of the customer is not met, the company will make no profits.

The company president and product director will have to do what the customer wants.

4 0
3 years ago
WHAT STEP IN THE OPSEC PROCESS IS ANALYZING THREATS?
sukhopar [10]
Its the the second step, 

1. Identify critical information
2. Analyze threats
3. Analyze vulnerabilities
4. Assess risk
5. Apply OPSEC measures

7 0
2 years ago
Why did the framers of the u.s. constitution separate powers and provide for a system of checks and balances?
Scorpion4ik [409]

The framers of the US constitution separate powers and provide for a system of checks and balances in order to guard against a tyrannical government where one particular branch would have too much power.

<h3>What are the functions of the 3 branches of government.</h3>

Apart from the delegate duties that these three branches have in the government, the way that the framers created them was to ensure that they were able to check each other. They provided checks and balance for each other.

The executive had the power to call the other two to other and so also doe the judiciary and the legislative arm of the government so that the people would not experience a dictatorship.

Read more on the constitution framers here: brainly.com/question/1087677

#SPJ4

7 0
2 years ago
Other questions:
  • McGregor allows customers to pay with credit cards. the company charges McGregor 3% of the sale. when a customer uses a credit c
    10·1 answer
  • What will happen if a shoe firm sells its shoes at a price lower than the opportunity cost of the inputs used in the production
    10·1 answer
  • One type of systematic error arises because people tend to think of benefits in percentage terms rather than in absolute dollar
    8·1 answer
  • Jed and his management team feel that there are many different markets for Bluetooth headsets and that the headsets must match p
    13·1 answer
  • The concept of ""human resource management"" implies that employees in an organization cannot be considered as a resource and he
    14·2 answers
  • Those who work directly on the product to convert raw materials into a finished product are known as ____.
    5·1 answer
  • Trek Bicycle purchases only the highest quality raw materials to make products that will live up to its mission to "Build the be
    11·1 answer
  • Susan, a district manager for a large retail chain, is comparing the goals of her stores with recent sales. She knows that two s
    14·1 answer
  • On February 28, Katherine wrote a check number 1021 to Hoopers Market for $189.43. Her beginning balance was $584.77. Calculate
    8·1 answer
  • Last summer, Fabia applied for three jobs. The first required a resume, but nothing else. The second required both a resume and
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!