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3 years ago

How does Truth In Lending protect consumers when shopping for a loan?

2 answers:

4 0

The Truth in Lending Act requires lenders to disclose the important terms and costs of credit, including the APR, miscellaneous charges, the payment terms, and information about any variable-rate feature. In general, neither the lender nor anyone else may charge a fee until after you have received this information. Use these disclosures to compare the costs of loans. You usually get these disclosures when you receive an application form and you will get additional disclosures before the loan is made. If any term has changed before the loan is made (other than a variable-rate feature), the lender must usually return all fees if you decide not enter into the loan because of the changed term.

Hope this helps.

Ainat [17]3 years ago

3 0

<span>How does Truth In Lending protect consumers when shopping for a loan</span>

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Which type of promotion does a business use in case its sales revenue has fallen below expectations?

Radda [10]

Businesses generally use PROMOTIONS to attract more customers quickly, buying promotions will make your brand more known and make sales skyrocket
-hope this helps!!

4 0

2 years ago

Read 2 more answers

There are 20 automatic turning machines in the lathe department. Batches of parts are machined in the department. Each batch con

Semmy [17]

Answer:

The capacity of the lathe department is 3200 parts/week. The workers capacity is the bottleneck.

Explanation:

In this case we have to compare the machine capacity and the worker capacity, and detecting shich one is limitating the capacity of the department.

Machine capacity

The time it takes for a machine to process a batch is

$Time_{batch}=T_{setup} + T_{machining}=5+(9/60)*100=5+15=20 h$

In 40-hour week, every machine can process 2 batches/week.

With 20 machines, the capacity of the department is 2*20=40 batch/week (4000 pcs/week).

Workers capacity

With 40-hour week and 5-hours setup, every worker can make (40/5)=8 setups a week.

If the department has 4 workers, the amount of setups that can be done is 4*8=32 setups/week. That means that only 32 batches can be processed per week (3200 pcs/week).

The workers resource is the limitating capacity, and therefore the capacity of the lathe department.

5 0

2 years ago

Contact Process: What safety, cost, or other considerations prevent most industrial applications from using the most ideal condi

Margaret [11]

So here is the answer of the given question above:
In terms of economics, Harber's process takes a huge amount of capital. Initially, the process demands for a very high pressure and this is very expensive to produce. Second, the company would need to establish extremely sturdy pipes and containment vessels to endure the very high pressure, in order to produce this required condition; the building process is very costly as well as the maintenance. Hope this answer helps.

5 0

3 years ago

The Goldfarb Company manufactures and sells toasters. Each toaster sells for $24.45 and the variable cost per unit is $16.65. Go

Tasya [4]

Answer:

$67860

Explanation:

sell price of each toaster= $24.45

variable cost per unit= $16.65

total fixed cost= $25,700

number of unit sold x= 8700

the formula for contribution margin is

= sales price- variable cost

= (s-v)x

putting values we get

= $(24.45-16.65)\times8700$

= $67860

Hence the contribution margin the above case will be $67860

8 0

3 years ago

An industry analysis for manufacturers of a small personal care gadget observed the following characteristics: 1. Industry sales

mina [271]

Characteristics 4 and 5 would be typical of an industry that is in the start-up stage.

Explanation:

Following characteristics would be typical of an industry that is in the start-up age :

4. The current penetration rate in the United States is 60% of households and will be difficult to increase.
The households between $1 million and $2 million in net worth is given below :
$1,000,000 in wealth is near the 88% in America.
Around 15,117,804 are households that matched this bracket or more.

5 Manufacturers compete fiercely on the basis of price, and price wars within the industry are common.
There are certain strategies which includes
price matching,
evaluating the competitors,
product re-branding,
creative advertising and marketing

3 0

2 years ago