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3 years ago

The Model Privacy notice was introduced in 2010. Which statement about the notice is true?

Business

1 answer:

Ivahew [28]3 years ago

7 0

Answer:

The Model Privacy Notice was introduced in 2010. The statement which is true about the notice is as follow:

It was created following consumer testing to provide customers with a format that makes a bank's privacy practices more understandable and more easily compared with other bank's practices.

Explanation:

The Model Privacy Notice is such a form that was created to tell the people that how your personal information is collected and share by the financial institutions.
The statements like "It was mandatory for all financial service providers to use this Model effective 1/2011" and "Using the model does not provide a financial institution with a safe harbor" are false according to the Model Privacy Notice.
Because the use of this model is not mandatory rather it is optional and it does provide safe harbor to the financial institutions.

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A company discarded a computer system originally purchased for $8,500. The accumulated depreciation was $6,700. The company shou

Elza [17]

Answer:

1800

Explanation:

A company threw away a computer that originally costs $8,500

They accumulated depreciation of $6,700

Hence the company will loss money, they would experience a loss of

8500-6700

= 1800

Hence the company will be at a loss of 1800

6 0

3 years ago

Shania offers to sell her lakefront property to Tonya for $150,000, and Tonya agrees to buy it. Tonya and Shania both sign the r

Lina20 [59]

Some of the likely things which a court would do if Tonya sues to enforce the contract are:

1. X not enforce the contract, because people are free to choose to whom they sell their property.
2. award monetary damages to Tonya.
3. require Shania to go through with the sale.
4. X grant specific performance by requiring Shania to find a comparable piece of land for Tonya at a comparable price.

<h3>What is a Contract?</h3>

This refers to the legally binding agreement which is entered by two or more parties based on terms and conditions.

With this in mind, we can see that because Shania wants to sell her lakefront to Tonya for $150,000 and they sign a contract but before they close the deal, Shania discovers that the property prices would go up and declines to sell.

In conclusion, if Tonya sues to enforce the contract, we can see that the contract would not be enforced, but Tonya would be paid monetary damages.

Read more about contract here:

brainly.com/question/984979

8 0

2 years ago

Barry is a single, 40-year-old software engineer earning $190,000 a year and is not covered by a pension plan at work. How much

Anna007 [38]

Answer:

Barry cannot contribute any amount to Roth IRA

Explanation:

For a single/ unmarried individual to be able to contribute to Roth IRA plan, his Adjustable Gross Income (AGI) should range between $117,000 and $132,000. Since Barry's annual income is $190,000, which is higher than the maximum AGI required for a single to be able to contribute to Roth IRA, he cannot contribute to Roth IRA.

3 0

3 years ago

At the beginning of 2016, a corporation had assets of $350,000 and liabilities of $230,000. During 2016, assets increased $20,00

Naddik [55]

Answer:

$135,000

Explanation:

Equity is the difference between the assets and liabilities of an entity.

Using the accounting equation;

Assets - Liabilities = Equity

Given;

Opening assets balance = $350,000

Opening liabilities balance = $230,000

Therefore;

Opening balance of equity = $350,000 - $230,000

= $120,000

Increase in asset = $20,000

Increase in liabilities = $5,000

Increase in equity = $20,000 - $5,000

= $15,000

Balance of stockholders' equity at December 31, 2016 = $120,000 + $15,000

= $135,000

6 0

3 years ago

Whole Grain Bakery purchases an industrial bread machine for $30,000. In addition to the purchase price, the company makes the f

Andrei [34K]

Answer:

The initial cost of the bread machine is $37,500

Explanation:

Initial cost is the sum of all the expenditure incurred from the purchase of asset to make it usable for the business. It includes purchase price, transportation cost, testing costs etc.

Bread Machine

Purchase price $30,000

Freight $2,000

Installation $4,000

Testing <u>$1,500 </u>

Total Initial Cost <u>$37,500</u>

6 0

3 years ago