Answer:
C) Asking the consumer to write his or her own letter to exercise that opt out right
Explanation:
The whole purpose behind the Gramm-Leach-Bliley Act (GLBA)was to allow customers the right to easily opt out of information sharing by the banks. That means that the banks are required to provide an easy way for a customer to do so, and writing your own letter might be easy for some people, but very difficult for others.
It is much easier to do it by phone, or by simply mailing back a detachable form. If the client knows how to use internet and emails properly, then the bank must provide an easy option to opt out through an email or an option that can be found in the bank's website.
Answer:
$3080
Explanation:
Calculation to determine what the amount of salaries earned but unpaid at the end of the accounting period is:
Salaries earned but unpaid at the end of the accounting period =3850-$770
Salaries earned but unpaid at the end of the accounting period =$3080
Answer: $51,400
Explanation:
Credits to Accounts Receivable represent a reduction in the Accounts receivable amount.
The formula for Closing balance is:
Closing balance = Opening balance + Credit sales - Credits to accounts receivable
Making Credit sales the subject will make the formula:
Credit sales = Credits to account receivable + Closing balance - opening balance
= 56,800 + 17,000 - 22,400
= $51,400
