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3 years ago

How do government regulators protect customers?

Business

1 answer:

Karo-lina-s [1.5K]3 years ago

3 0

Answer:

Disclosing accurate credit terms

Explanation:

One of the government regulations in protecting customers is by ensuring that accurate credit terms are disclosed to customers towards a credit transactions through and appropriate and timely information .

The is the aim of the introduction of the truth in lending acts (TILA) to promote an informed use of consumer credit so that consumers can compare credit terms more readily and knowledgeably and not misled in the course of making loan decision.

This further prohibit mortgage providers from unfair practices that could negatively impact the interest of the lenders .

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_______ are regulatory agencies, such as the sec (securities and exchange commission), that establish ground rules under which o

Ne4ueva [31]

Government Regulators are regulatory agencies, such as the sec (securities and exchange commission), that establish group rules under which organizations may operate.

Other types of agencies are the Federal Aviation Administration (FAA) and the Environmental Protection Agency (EPA).
The government regulators are public authority that are responsible for showing this authority to enforce standards for activities and operations.

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3 years ago

If you get into a car accident, your _______________ may increase because you will be considered riskier for insurance companies

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Money hope it work for you

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3 years ago

Read 2 more answers

Patterson Brothers recently reported an EBITDA of $5.5 million and net income of $1.5 million. It had $2.0 million of interest e

Vilka [71]

Answer:

Depreciation & amortization = $1 million

Explanation:

The EBITDA is the earning of the company before interest, tax and depreciation and amortization deduction.

To calculate the Net Income from EBITDA, we subtract the charges for depreciation, amortization, interest and taxes.

Thus, net income is,

Net income = EBITDA - Depreciation & amortization - Interest - Tax

The tax is deducted from EBT which is earnings before tax. It is calculated by deducting the depreciation & amortization and interest from EBITDA. Thus, after deducting tax from EBT, we get net income. We can say that if tax is 40% it means that tax is 40% of EBT and net income is the remaining 60% of EBT.

Thus, if 60% of EBT is 1.5 million, then total EBT is,

EBT = 1.5 / 0.6 = $2.5 million

So, tax is = 2.5 * 0.4 = $1 million

Plugging in the values available in the net income formula,

1.5 = 5.5 - Depreciation & amortization - 2 - 1

1.5 + Depreciation & amortization = 5.5 - 3

Depreciation & amortization = 2.5 - 1.5

Depreciation & amortization = $1 million

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4 years ago

Which is considered to be an economic resource by economists?

uysha [10]

Answer:

C. labor

Explanation:

there are four economic resources or factors of production. They are :

1. Land are natural resources used to produce goods and services e.g. gold mine

2. Labor is the effort used by people in the production of goods and services.

3. Capital includes machinery and man made resources used in production e.g. hammer

4. An entrepreneur is a person who combines the other factors of production together

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3 years ago

Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire on July 17 and received an in

serious [3.7K]

Answer:

Alison should record the purchase at: $5,820.

Explanation:

By Alison using the net method to record purchases means that the company records purchases, less discount.

The cash discount terms 3/10, n/30 mean 3% cash discount if the invoice amount is settled within 10 days; meanwhile, if it is settled within 30 days, the customer pays the full invoice amount.

Using the net method = $6,000 - (3/100 x $6,000) = $5,820.

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4 years ago