The amount of interest is determined by multiplying the amount in savings by the:

Eric and Sharaveen Rush filed a claim alleging violations of the Fair Credit Reporting Act arising out of an allegedly erroneous

SVEN [57.7K]

Answer:

Macy is liable. The Federal Trade Commission states that both the credit rating agency and Macy's are responsible for correcting the erroneous credit report. It is very hard to sue and win a credit rating agency because they will place the blame on the company that made the initial mistake (Macy's), but lately courts have accepted cases against the companies that cause all this mess.

Courts have lately ruled in favor people alleging that a bad credit report damaged them since a good credit rating is considered an intangible asset. The company that cause the mistakes are liable for any possible damages resulting from a poor credit rating.

8 0

3 years ago

In practice, a common way to value a share of stock when a company pays dividends is to value the dividends over the next five y

KiRa [710]

Answer:

Explanation:

Calculation for 5th year dividend.

Year Dividend Growth Dividend

1 1.23 1.18 1.45

2 1.45 1.18 1.71

3 1.71 1.18 2.02

4 2.02 1.18 2.38

5 2.38 1.18 2.81

Now we find EPS for 5th year through payout ratio.

EPS5 = D5 / Payout ratio

EPS5 = $2.81 / 0.30

EPS5 = $9.37

Calculation for price.

P0 = Benchmark PE ratio x EPS5

P0 = 18 ($9.37)

P0 = $168.66

B. What is the stock price today.

Year Dividend Table value at 14% PV of dividend

1 1.45 0.8771 1.27

2 1.71 0.7694 1.32

3 2.02 0.6749 1.36

4 2.38 0.5920 1.41

5 171.47 0.5193 89.04

Total 94.40

Stock price today = $94.40

6 0

3 years ago

Read 2 more answers

"Forcing insureds to sue the insurer to collect on a claim by offering substantially less than the amount eventually recovered i

Anuta_ua [19.1K]

Answer:

Unfair Claims Settlement Practices Act

Explanation:

Here fundamentally, the act which will be acted on the given sentence is generally known as Unfair Claims Settlement Practices Act. Unfair claims practice is the inappropriate restraint of a request by an insurer or an endeavor to diminish the intensity of the claim. By interlacing in unfair claims practices, an insurer strives to diminish its values. Nevertheless, this is unlawful in various jurisdictions. Additionally, most maximum states possess formulated a version of this type of rule. Denominated essentially the Unfair Claims Settlement Practices Act, it defends safeguard consumers from the unfair manner by insurers in the appeals settlement method.

6 0

3 years ago

Pascal is a customer-service representative who handles phone inquiries. He has a goal of handling 12 calls per hour. When he ge

Montano1993 [528]

Answer:

A. Ill-conceived goals

Explanation:

Ill-conceived goals refers to setting of goals or incentives in order to promote a desired behavior whereas indirectly encouraging a negative one.

When setting ill-conceived goals, the unintended effects of these goals should duly be taken into consideration.

7 0

3 years ago

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You recently began a job as an accounting intern at Raymond Adventures.

Vlada [557]

Answer:

Beginning cash balance for March= $20,000

Cash collections for February =$90,600

Total cash available for March =$102,300

Cash payments (purchase inventory) for February =$50,800

Cash payments (operating expenses) for March =$37,900

Total cash payments for March =$79,400

Ending cash balance before

financing for February =$8,400

Cash excess (deficiency) for February and March =$- 11,600 $2,900

New borrowings for February and March

=$11,600 $0

Debt repayments for February and March

=$0 -$2,900

Interest payments for February and March

=$0 $0

Ending cash balance for February and March (1) + (2) =$20,000 $20,000

Explanation

Preparation of Raymond Adventures

Combined Cash Budget for February and March

Raymond Adventures Combined Cash Budget for February and March

Beginning cash balance 16,500 20,000

Plus: Cash collections 90,600 80,200

Plus: Cash from sale of plant assets 0 2,100

Total cash available 107,100 102,300

Less: Cash payments

(purchase inventory) 50,800 41,500

Less: Cash payments

(operating expenses) 47,900 37,900

Total cash payments 98,700 79,400

(1) Ending cash balance before

financing 8,400 22,900

Minimum cash balance desired 20,000 20,000

Cash excess (deficiency) -11,600 2,900

Financing:

Plus: New borrowings 11,600 0

Less: Debt repayments 0 -2,900

Less: Interest payments 0 0

(2) Total effects of financing 11,600 -2,900

Ending cash balance (1) + (2) 20,000 20,000

Beginning cash balance for March

Minimum cash balance desired March 20,000

Calculation for Cash collections for February

Total cash available 107,100-Beginning cash balance 16,500=90,600

Calculation for Total cash available for March

Beginning cash balance 20,000

Plus: Cash collections 80,200

Plus: Cash from sale of plant assets 2,100

=102,300

Calculation for Cash payments (purchase inventory) for February

Total cash payments 98,700 -Cash payments

(operating expenses) 47,900

=50,800

Calculation for Cash payments (operating expenses) for March

Total cash payments for March 79,400-Cash payments(purchase inventory) for March 41,500

=37,900

Calculation for Total cash payments for March

Total cash available for March 102,300-Ending cash balance before

financing for March 22,900

=79,400

Calculation for the Ending cash balance before

financing for February

Total cash available 107,100-Total cash payments 98,700

=8,400

Calculation for Cash excess (deficiency) for February and March

Ending cash balance before

financing 8,400 22,900

Less Minimum cash balance desired 20,000 20,000

=- 11,600 2,900

New borrowings for February and March

11,600 0

Debt repayments for February and March

0 -2,900

Interest payments for February and March

0 0

Calculation for Ending cash balance for February and March (1) + (2)

(1) Ending cash balance before

financing 8,400 22,900

Add (2) Total effects of financing 11,600 -2,900

=20,000 20,000

6 0

3 years ago