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3 years ago

How does the fair credit reporting act help the consumer

Business

1 answer:

Step2247 [10]3 years ago

7 0

<h2>Answer with Explanation</h2>

The Fair credit reporting act is the law that protects consumers from miscommunication being used against them. It helps consumers by offering special guidelines on the methods of credit reporting and provide them access to their own credit report. In addition, protected access is also provided to banks, insurance companies or other businesses that offer credits. It also allows consumers to receive a notification of any possible negative notification as well as protect personal account numbers.

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Raleigh Co. has the following products in its ending inventory. Compute the lower of cost or market total for inventory applied

Flura [38]

Answer:

c. $2,018.00

Explanation:

Lower of cost or market is the inventory valuation method which requires to record the inventory at a value lower of

Initial cost of inventory ( Manufacturing cost or Purchasing cost )
Market value of the Inventory ( Net realizable value of the market )

Product__Quantity__Cost per unit__Market per unit___ Lower ____Value

Jelly _____150 ______$2.00 ______2.15___________ $2.00____ $300

Jam _____ 370 _____ $2.65 ______2.50 __________ $2.50 ____ $925

Marmalade 260 _____ $3.10 ______3.05 __________ $3.05 ____ $793

Total Value ___________________________________________$2,018

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3 years ago

If you perceive that the costs and rewards are balanced between you and your partner, you are more likely to be satisfied with y

erastova [34]

The question is
True

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3 years ago

Which statements describe a Treble Clef correctly? Pick Two

mariarad [96]

Answer: c and a

Explanation:

4 0

3 years ago

Return on assets is equal to:________

Sunny_sXe [5.5K]

Return on assets is equal to a. profit margin times asset turnover.

An asset is a resource with a financial fee that a man or woman, enterprise, or country owns or controls with the expectancy that it will provide a destiny benefit. belongings are said on an employer's stability sheet. They're offered or created to increase a firm's fee or gain the firm's operations.

Despite all that in mind, an automobile is an asset due to the fact you may speedy advertise and convert it to coins, albeit for less than what you paid. That alone makes it an asset via definition. It is those added expenses and the steady decline in cost that make a car a depreciating asset.

Suitable properties are gadgets you could spend money on a good way to produce earnings for you like stocks, rental homes, actual property crowdfunding initiatives, and a web enterprise. these also can respect in cost overtime except producing money for you.

Learn more about assets here brainly.com/question/25746199

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6 0

2 years ago

Fasetech, Inc. has collected the following data.? (There are no beginning? inventories.)

Dominik [7]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Units produced= 510 units

Sales price= $150 per unit

Direct materials= $16 per unit

Direct labor= $10 per unit

Variable manufacturing overhead= $10 per unit

Fixed manufacturing overhead= $16,000 per year

Variable selling and administrative costs= $9 per unit

Fixed selling and administrative costs= $10,500 per year

Units sold= 500

Under the absorption costing method, the fixed overhead costs get allocated as a product cost.

Unitary fixed overhead= 16,000/510= $31.37

Total unitary cost= direct material + direct labor + total overhead

TUC= 16 + 10 + (10 + 31.37)= $67.37

Income statement:

Sales= 500*150= 75,000

COGS= 67.37*500= (33,685)

Gross profit= 41,315

Total variable selling and administrative costs= (9*500)= (4,500)

Fixed selling and administrative costs= (10,500)

Net operating profit= 26,315

5 0

3 years ago