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stepladder [879]
3 years ago
14

What is the consumer credit act

Business
1 answer:
Reptile [31]3 years ago
7 0
The Consumer Credit Act is protections to apply between agreements between traders and individuals, sole traders, partnerships and unincorporated associations. But not agreements made between traders and bodies.
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The value of everything a person owns minus the value of everything he or she owes is referred to as
ahrayia [7]
That would be wealth.
6 0
4 years ago
Read 2 more answers
Suppose for some year the income of a small company is ​$100 comma 000100,000​; the expenses are ​$75 comma 00075,000​; the depr
boyakko [2]

Answer:

$23,950

Explanation:

Income  ​$100,000​  

Expenses ​$75,000​

Depreciation $22,000​

income tax rate = 35​%

Income  ​$100,000​  

Expenses (​$75,000​)

Depreciation ($22,000​)

EBT          $3,000

Income Tax $3,000 * (35/100) = $1,050

Net Income $1,950

ATCF  

=Earnings Before Tax + Depreciation

=$1,950 + $22,000  = $23,950

8 0
3 years ago
Company management completes event identification and analyzes the risks. The company wishes to assess its risk after management
r-ruslan [8.4K]

Answer:

Residual risk

Explanation:

Is a type of risk whose threat(s) is not completely removed even after putting all control measures in place. It is calculated as:

Residual risk = inherent risk minus effect of risk control.

7 0
3 years ago
Often management is "under the gun" and want to solve problems and meet deliverables before logically assessing the situation. T
ivolga24 [154]

Answer:

decisive leadership

Explanation:

Decisive leadership is the leadership in which the leaders have to decide quickly for a particular thing. It is basically a capability for deciding with the speed and clarity of the things happen.

Also the quick decision result in a bad situation without knowing the impact of that decision

Therefore according to the given scenario, the "under the gun" represents the decisive leadership

5 0
4 years ago
Brinkman Corporation bought equipment on January 1, 2007 .The equipment cost $90,000 and had an expected salvage value of $15,00
trapecia [35]

Answer:

b. $75,000

Explanation:

Depreciable cost is the amount of an asset's cost that will be depreciated. Depreciable cost is calculated by using purchase and installation cost of a fixed asset, minus its estimated salvage value at the end of its useful life.

Depreciable cost = Total asset cost - salvage value = $90,000 - $15,000 = $75,000

The company then uses a depreciation method, such as the straight-line method, to calculate depreciation expense of the equipment.

Example:

Annual Depreciation expense = $75,000/6 = $12,500

5 0
4 years ago
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