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3 years ago

Justify the effectiveness of the national credit act ,2005 on businesses

Business

1 answer:

forsale [732]3 years ago

5 0

Answer:

The Act was introduced to: promote a fair and non-discriminatory marketplace for access to consumer credit

Explanation:

The National Credit Act was enacted on the premise that consumers need to be protected from this practice. The Act thus exerts pressure on the credit lenders to assess the consumer's ability to repay, disclose the cost of credit, as well as setting limit on interest that can be charged.

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Hernandez Company has 560,000 shares of $10 par value common stock outstanding. During the year, Hernandez declared a 10% stock

denis-greek [22]

Answer:

RE decrease: 1,960,000

Explanation:

Retained earnings will decrease for the total amount of the dividends.

stocks dividends

560,000 shares

10% stock dividends: 560,000 x 10% = 56,000 shares

56,000 x $30 = 1,680,000 stock dividends

cash dividends:

560,000 x 0.50 per share = 280,000 cash dividends

Total dividends: 1,680,000 + 280,000 = 1,960,000

that will be the RE decrease

3 0

3 years ago

What should you be concerned about if you are going to buy television ads for your business?

vladimir1956 [14]

Answer:

Explained below.

Explanation:

The things I will be concerned about if I am going to buy television ads for my business are given as follows:

* I will choose the right time of the day for the advertisement.

* I will be staying within my budgetary limits as well.

* I will check my ads after it has been posted, just a little component of my ad may be dropping the mark.

6 0

3 years ago

As a new controller, reply to this comment by a plant manager: "As I see it, our accountants may be needed to keep records fo

fiasKO [112]

Answer: Accountants play major role in firms in handling financial records and auditing. Managers know financial information based on either background knowledge or learning on the job

Explanation:

The accountants are valuable to the organization because they monitor the monetary information that concerns the firm, they handle how cash come in and keep track of how they are spent, all these makes them valuable even to the extent of auditing information as regarding the firm. Managers might understand financial information either based on how they monitor what occurs in the organization or what they learnt in from college. But it's unsafe for the managers to handle financial situation without the aid of a professional accountant.

6 0

3 years ago

The seller agrees to pay the listing real estate agent a commission of 5%. The property is listed at $400,000, the buyer offers

Viktor [21]

Answer:

C. $20,000

Explanation:

Note that we are talking about the listing commission. Listing commission will be calculated on the listed price.

So, the listed price will be = 400,000 * 5%

= $20,000

Thus, the commission most likely paid to the real estate agent is $20,000

7 0

2 years ago

Firms that listen to existing customers and tailor offerings based on this input are far more likely to identify potentially dis

Vladimir [108]

Answer:

The correct answer is False.

Explanation:

The keyword of the new technologies is connectivity. The satisfaction of the client will depend on the quality of said connectivity, and the efficiency and speed of the response. Accordingly, customer service is vital for subsistence and business growth, particularly with regard to digital businesses.

Digital transformation is a reality, therefore it is important to know how to apply technology to optimize customer service. Since good marketing strategies and proper customer service are key to increase sales and customer loyalty.

There are many tools that, properly implemented for customer service, will achieve excellent results for your business.

7 0

3 years ago