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Leviafan [203]
4 years ago
11

The Equal Credit Opportunity Act prohibits which of the following? a. Basing the credit decision on unemployment. b. Basing the

credit decision on the fact that the applicant was in prison for a felony three years ago. c. Basing the credit decision on the receipt of public assistance income. d. Basing the credit decision on a bankruptcy of five years ago.
Business
1 answer:
galina1969 [7]4 years ago
7 0

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>

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Alpha Corporation reported the following data for its most recent year: sales, $650,000; variable expenses, $500,000; and fixed
ss7ja [257]

Answer:

The company degree of operating leverage is 3

Explanation:

Degree of operating leverage= Contribution Margin / Net operating Income

When Contribution margin = Sales - Variable expenses= $650,000 - $500,000 = $150,000

Net operating income =  Sales - Variable expenses - Fixed expenses = $650,000 - $500,000 - $100,000 = $50,000

Thus, Degree of operating leverage= $150,000 / $50,000

= 3

4 0
3 years ago
There is a 3 percent error rate at a specific point in a production process. If an inspector is placed at this point, all the er
xenn [34]

Answer:

Yes the inspector should be hired

Explanation:

Defective average = 0.03

inspection rate = 30 per hour

Cost of inspector = 8 per hour

Correction cost is $10 each

No inspection = 9/30

= 0.300

Inspector = 8/30

= 2.67

Yes the inspector should be hired

5 0
3 years ago
What's of the following is true statement about a 401k​
Effectus [21]
Is A retirement saving plan sponsored by an employer
4 0
3 years ago
In earned value management, a baseline includes ____ (wbs tasks), time (start and finish estimates for each task), and cost info
shusha [124]

Answer:

The correct answer is:  scope.

Explanation:

Earned Value Management (<em>EVM</em>) is a helpful method that allows high-rank executives to measure the performance of their projects. It analyses the difference between the work planned in the project with the work performed. The three pillars of EVM are <em>scope, time, </em>and <em>cost information</em>. The scoping process implies a Work Breakdown Structure (<em>WBS</em>) where the initial plan is broken into micro levels for better analysis.

3 0
3 years ago
Rugged Bikes, Inc., makes Rugged-brand bicycles and accessories, which are distributed to authorized dealers, including Super Sp
postnew [5]
This is a territorial restriction.
It even says in the text - territorial restriction refers to when a certain company forbids another company to sell its products in a certain location, because it will interfere with the first company's profits. The same thing happened here, because they don't want any competition on the market.
8 0
3 years ago
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