Answer:
(C). Basing the credit decision on the receipt of public assistance income.
Explanation:
According to the Equal Credit Opportunity Act, applicants who have the capacity to contract are eligible to apply for credit and should not be discriminated against by any creditor.
<u>The act prohibits the creditor from refusing to grant credit on the basis of</u> age, religion, race, sex, marital status, or <u>whether the applicant receives public assistance income.</u>
Answer:
sharing risk means that the premiums and losses of each member of a group of policyholders are allocated within the group based on a predetermined formula
Explanation:
insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. most entity transfer the risk of the company taking up an insurance.
The option that describes possession utility is : ( A ) Efforts to communicate ( i.e. promote ) a product's value and then facilitate the exchange process.
<h3>What is possession utility ?</h3>
Possession utility is the value which a product possesses that enables a customer to freely own and use the product as the customer/purchaser wishes.
In conclusion the option that describes possession utility is Efforts to communicate ( i.e. promote ) a product's value and then facilitate the exchange process.
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<u>Attached below are the missing options </u>
<em>A. Efforts to communicate (i.e., promote) a product's value and then facilitate the exchange process.</em>
<em>B. Acquiring inputs and transforming them into products or services of greater customer value.</em>
<em>C. Effectively managing all value-added processes that influence when a product is available for purchase.</em>
<em>D. Assuring that products and services are where customers expect to find them—when they are needed.</em>
<em>E. All of the above</em>
Answer:
(A) revenue of $14,000 and expense of $6,000 in Year 2.
Explanation:
If in Year 1, Costello Company performed work for a customer and billed the customer $14,000. and In Year 2, the customer pays Costello Company for the services it rendered in Year 1.
Again if In Year 1, the company incurred $6,000 of wage expense, but it did not pay the employees until Year 2.
If Costello Company uses the cash-basis of accounting, then it will report a revenue of $14,000 and expense of $6,000 in Year 2.
Cash basis Accounting as opposed to accrual basis accounting recognizes expenses and revenue as at when paid as opposed to when earned.
Although the revenues and expenses in the scenario relates to Year 1 and would have been recorded as income and expenses in year 1 under the normal accrual basis, since that is the year the income of $14,000 and expense of $6,000 were earned and expended respectively; that will not be case in Cash-basis because the emphasis is on cash payment and receipt. Hence the choice that the income and revenue should be accounted for in Year 2
Answer:
$250 million
Explanation:
From the question, we are given that
The MPC is 0.8
Decrement in spending by the government happens to be $50 million
Decrement in equilibrium GDP thus is
Decrement in GDP = Decrement I'm spending / (1 - MPC)
Decrement in GDP = $50 million / (1 - 0.8)
Decrement in GDP = $50 million / 0.2
Decrement in GDP = $250 million
Therefore, we can then conclude that the equilibrium GDP will decrease by $250 million