Complete question:
Under the TILA-RESPA Integrated Disclosure Rule (TRID), a lender must extend the closing how many days if the annual percentage rate (APR) has changed more than 0.125% before closing?
A) Two business days
B) Three business days
C) Five business days
D) Four business days
Answer:
A lender must extend the closing Three business days if the annual percentage rate (APR) has changed more than 0.125% before closing.
Explanation:
TRID is the standardized divulgation law for TILA-RESPA. The current RESPA and TILA regulation replaces a previous, detailed closing declaration and credit calculations for HUD-1 and Good Faith Calculations (GFE).
When the loan's interest rate is not locked when the loan estimate is issued and the rate of interest and credits for the hypothecary loan that adjust when it is locked many time later. A revised loan estimate is expected by the borrower no more than three working days after the date the interest rate is locked and the equate the revised loan estimate with the products and loan credits paid.
Answer:
Loss on sale of machinery = $8,000
Explanation:
Under Straight line depreciation method, depreciation is calculated as follows:
Depreciation to be charged per annum over the life of asset is given by the formula: = 
Depreciation = ($70,000 - $ 6,000) ÷ 8 years
Depreciation to be charged every year = $8,000
Now, total depreciation charged till the end of 6 years = 6 × $8,000 = $48,000
Book Value at the end of year 6 = $70,000 - $48,000= $22,000
Sale Value of the asset = $ 14,000
Loss on sale = $22,000 - $14,000 = $8,000
Because Chuck filed a claim to get overtime pay, he will most likely will get the overtime based on his average hourly rate and the average number of hours he worked over the allotted 40 hours per week.
Overtime payment refers to a compulsory payment that must be paid to an employee that work outside the official work hours.
- The overtime provisions are provided by the Fair Labor Standards Act (FLSA).
So, he will get the overtime based on his average hourly rate and the average number of hours he worked over the allotted 40 hours per week.
Therefore, the Option A is correct.
Missing word includes <em>"A. Chuck will get overtime based on his average hourly rate and the average number of hours he worked over the allotted 40 hours per week. B. Chuck will get one set amount for overtime based on the industry standard for similarly situated executives In his field. C. Chuck will not get overtime pay because he an executive who earns more than $100.000 a year. D. Chuck will be paid overtime wages because Dewey. Inc., is a private business pe here to search"</em>
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Complete Question:
An investment adviser is opening that day's mail and receives a check from a customer made out to the "Jones Cleaning Service" - the check was mailed in error to the adviser. The same day, the investment adviser mails the check back to Jones Cleaning Service. Under NASAA rules, the investment adviser:
I. is deemed to have taken custody of the customer's funds
II. has not taken custody of the customer's funds
III. must keep a record of the check received
IV. is not required to keep a record of the check received
A. I and III
B. I and IV
C. II and III
D. II and IV
Answer:
C. II and III
Explanation:
In this scenario, an investment adviser is opening that day's mail and receives a check from a customer made out to the "Jones Cleaning Service" - the check was mailed in error to the adviser. The same day, the investment adviser mails the check back to Jones Cleaning Service. Under North American Securities Administrators Association (NASAA) rules, the investment adviser has not taken custody of the customer's funds and must keep a record of the check received.
<em>According to NASAA rules, if an investment adviser inadvertently receives a check made out to a third party like it was made out to the "Jones Cleaning Service" in error, provided that the investment adviser mails the check to the third party (customer) within 3 business-working days, then the adviser has not taken custody of the customer's funds. Also, it is required that the investment adviser must keep a record of the check received. </em>
The combination of two or more companies into a single firm is called a merger. It is when two or more businesses voluntarily decide to join together. This may also involve the swapping of stocks and payments between these companies. Mergers may vary between vertical and horizontal depending if they merged with similar businesses or not.
