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topjm [15]
3 years ago
9

Under the Fair Credit Reporting Act, individuals rejected for insurance due to information contained in a consumer report (Choos

e from the following options)
1. Are entitled to obtain a copy of the report from the party who ordered it.
2. Must be advised that a copy of the report is available to anyone who requests it.
3. May sue the reporting agency in order to get inaccurate data corrected.
4. Must be informed of the source of the report.
Business
1 answer:
Lana71 [14]3 years ago
5 0
I’m sorry I just need points
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A new investment opportunity for you is an annuity that pays $550 at the beginning of each year for 3 years. You could earn 5.5%
faltersainse [42]

Answer:

$1,565.48

Explanation:

This is an annuity due type of question since the recurring payments are made at the beginning of each year unlike Ordinary annuity whose payments occur at the end of each period.

With a financial calculator on beginning mode "BGN", use the following inputs to find the PV;

Total duration of investment; N = 3

Recurring payment; PMT = 550

Interest rate; I/Y = 5.5%

One time cashflows; FV = 0

then compute for Present value ; CPT PV = 1,565.476

Therefore, the most you should pay is $1,565.48

6 0
3 years ago
Assume the following information:Spot rate today of Swiss franc = $.60 1-year forward rate as of today for Swiss franc = $.63 Ex
Naddika [18.5K]

Answer:

12.35%

Explanation:

Data provided in the question:

Spot rate today of Swiss franc = $0.60

1-year forward rate as of today for Swiss franc = $0.63

Expected spot rate 1 year from now = $0.64

Rate on 1 year deposits denominated in Swiss francs = 7%

Rate on 1 year deposits denominated in U.S. dollars = 9%

Amount invested = $1,000,000

Now,

Amount with Swiss franc = Amount invested ÷ Spot rate today of Swiss franc

= $1,000,000 ÷ 0.60

= $1,666,666.67

After 1 year = $1,666,666.67 × ( 1 + 0.07)

= $1,783,333.33

1 year Forward value = $1,783,333.33 × 0.63

= $1123499.99

Therefore,

Yield = [ $1123499.99 - $1,000,000 ] ÷ $1,000,000

= 0.1235

or

= 0.1235 × 100%

= 12.35%

3 0
3 years ago
The Sarbanes-Oxley Act was created in response to corporate accounting scandals in the early 21st century to reform the accounti
Firlakuza [10]

Answer:

The answer is "Option A"

Explanation:

In this Act, the U.S. Congress in 2002 to financing offers against the risk of corporate accounting fraud. To enhance account statements on firms as well as reduce financial crimes, its Sarbanes Oxley Act (SOX) authorized information pertinent.

  • The SOX has been introduced in the early 2000s throughout responding to its accounting irregularities.
  • The Shareholder commitment within financial reports has been shattered by controversies in everything from Enron, Tyco, and WorldCom and a rewrite in regulatory requirements.
5 0
3 years ago
Lending money and collecting the loans are A. operating activities. B. investing activities. C. Non-cash investing and financing
Ne4ueva [31]

Answer:

B. investing activities.

Explanation:

Cash flow transactions are categorized into three categories,

  • Operating
  • Investing
  • Financing

Under Investing activities a company invests the money or cash in some sort of securities, in our case case loan, while investing it gives the money to some third person, then it gets return like interest or dividend on such amount.

Here, the company has lend some money in the form of loan and then it collects the loan, therefore it is investing activity.

Exceptionally if a company is a banking or NBFC companies then it lends money in normal course, and then collects them back in that case it is operating activity.

In general it is

B. investing activities.

6 0
3 years ago
Downloading music tracks owned by record companies without paying for them is an example of a violation of: Question 3 options:
Andrei [34K]

Answer:

A) copyright law

Explanation:

The copyright law is one which protects the original author's work, e.g movies, music etc, from unlawful distribution or redistribution. The law guides against the inappropriate redistribution of the work. In each country, there is always a government organization that regulates and protects an author's right by copyright.

It is an offence to disobey the copyright law, as the author has the right to charge the offender to a law court for required prosecution.

7 0
3 years ago
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