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3 years ago

How does the Consumer Credit Protection Act compare to the Truth in Lending Act?

Business

1 answer:

Jet001 [13]3 years ago

7 0

Answer:

A.) The Truth in Lending Act calls for consumers to be protected on all levels, whereas the Consumer Credit Protection Act only calls for consumer protection in regard to banking and lending.

Explanation:

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An inverstor invest $2,500 into a mutaul fund and earns 5.75% on the principle for each of three years. How much interest has ac

ad-work [718]

Answer:

The correct answer is c) $431.25

Explanation:

Amount: An investor invests $2,500 into a mutual fund

Rate: earns 5.75% that is the same of 0.0575

Period: on the principle for each of three years.

$2,500 x 0.0575 x 3 = $431.25

At the end of the period, the investor has accrued $431.25 of interest

6 0

4 years ago

Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, ne

weqwewe [10]

Answer:

1a. Current ratio = Current assets / Current Liabilities

Current year = $224,517 / $120168 = 1.88 : 1

1 years ago = $175,652 / $70,310 = 2.50 : 1

2 years ago =$134,088 / $44,840 = 2.99 : 1

1b. The Current ratio worse over three years period

2a. Acid test ratio = (Cash + Investment + Account Receivables) / Current liabilities

Current year = ($29,328 + $0 + $83,351) / $120,168 = 0.94 : 1

1 year ago = ($32,285 + $0 + $57,663) / $70,310 = 1.28 : 1

2 year ago = ($34,323 + $0 + $45,764) / $44,840 = 1.79 : 1

2b. The Acid test ratio are worse over three years period

8 0

3 years ago

On December 1, 2016, Hogan Co. purchased a tract of land as a factory site for $780,000. The old building on the property was ra

FromTheMoon [43]

Answer:

C) $868,000

Explanation:

The costs associated to the purchase of the tract of land were:

Purchase price of land = $780,000
Demolition of old building = $70,000
Legal fees = $10,000
Title guarantee insurance = $16,000
Proceeds from sale of salvaged material = $8,000

The total cost of the land = purchase price + demolition costs + legal fees + title guarantee insurance - proceeds from salvaged materials = $780,000 + $70,000 + $10,000 + $16,000 - $8,000 = $868,000

The demolition costs are capitalized to land because they are a necessary cost to bring the land into its intended condition. Legal fees and title guarantee are necessary to avoid legal problems.

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3 years ago

Suppose that you read in The Wall Street Journal that a bond has a coupon rate of 9 percent, a price of 71 3/8, and pays interes

olga nikolaevna [1]

Answer:

This question is missing the options given below:

A. 11%

B.13%

C. 15%

D. 17%

E. 20%

The correct answer is option B,the bond current yield is 13%

Explanation:

Bonds Current Yield = Year one cash flow / Current Price x 100 = 9 / 71.375 x 100 = 12.60% or approximately 13%

Note that 71 3/8 is the same as 71.375% as 3/8 gives 0.375 and when added to 71% gives 71.375%

The year cash flow is calculated as :9% of bond par value($100)=$9

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3 years ago

What are the two serious problems of traditionalist account?

anzhelika [568]

Answer:

math promlem and science problem

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3 years ago

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