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2 years ago

The Federal Reserve helps protect people who borrow money to pay an expense by

Business

1 answer:

seraphim [82]2 years ago

3 0

Answer:

The correct response is "enforcing the truth in Lending Act".

Explanation:

This same original objective of many of these Federal Reserve Restrictions would be to safeguard human potential customers toward misleading banking as well as making loans methodologies that could cause significant actual damage or invalidate independent constitutional protections.
Individuals implement regulations and procedures to support the borrowing and government assets, as well as to discourage manipulation when doing so.

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M. K. Gallant is president of Kranbrack Corporation, a company whose stock is traded on a national exchange. In a meeting with i

lys-0071 [83]

Gallant's actions are ethical. This statement can be argued upon because of the below-mentioned reasons.

As the president of a corporation, M.K Gallant will, of course, make any strategic plan available for his company in order to attract investors, customers, and even competitors.

In my opinion, his choices and decisions are ethical enough as to maintain the company's profitability.

Cost-cutting measures, such as deferring and canceling expenditures and orders, delaying maintenance and training, and reducing travel and advertising expenses, are rational if your company's sales are declining and it is expected that it will not meet its revenue targets for the year.

However, this is risky because

advertisements are extremely important in a company's marketing,
delaying orders from suppliers can cause problems within the company and its vendors because these are pre-ordered.
Maintenance and training are important aspects for a company because they can lead to bigger problems in the future.

Finally, cost reclassification is debatable.

Because stocks are traded in this case, we can expect an audit.

The auditors will examine the reclassifications to see if they implement accounting principles (GAAP). M.K Gallant and his controller must have legitimate reasons for reclassifying the company's costs.

Hence, Gallant's actions are ethical if he has valid reasons for doing so.

Learn more about ethics:

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5 0

1 year ago

You have a portfolio that is invested 24 percent in Stock R, 38 percent in Stock S, and the remainder in Stock T. The beta of St

Nady [450]

Answer:

1.90

Explanation:

The computation of the beta of the stock T is shown below:

Portfolio beta = Invested percentage in stock R × beta of Stock R + Invested percentage in Stock S × Beta of stock S + Invested percentage in Stock T × Beta of Stock T

1.37 = 0.24 × 0.71 + 0.38 × 1.26 + 0.38 × Beta of Stock T

1.37 = 0.1704 + 0.4788 + 0.38 × Beta of Stock T

1.37 = 0.6492 + 0.38 × Beta of Stock T

0.7208 = 0.38 × Beta of Stock T

So, the beta of stock T is 1.90

4 0

3 years ago

The distinction between supply and the quantity supplied is best made by saying that___________.

snow_lady [41]

Answer:

b. supply is represented graphically by a curve and quantity supplied as a point on that curve.

Explanation:

Qunatity supplied shows how qunatity of a product changes in response to changes in price of that good. According to the law of supply, the higher the price of good, the higher the quantity supplied and the lower the price of a good, the lower the quantity supplied. This shows that quantity supplied has a direct relationship with price.

Changes in quantity supplied is shown by movement along a supply curve.

Changes in supply is caused by other factors other than changes in price. Some of these factors are :

Changes in price of similar goods

Tax

Change in number of suppliers

Technological advancement

Changes in supply is shown by movement of the supply curve either to the left or to the right and not a movement along the supply curve.

I hope my answer helps you

7 0

3 years ago

Suppose a farmer wants to borrow $176,590.00 to buy a tract of land. The BCS bank will make a 22-year loan fully amortized at 6.

Andrew [12]

Answer:

A Farmer

i) Loan principal = $178,033 ($176,590 + $443 + $1,000)

ii) Required stock purchase = $1,000

iii) Annual loan payment (fully amortized at 6.19%) is:

= a. $15,032.59

Explanation:

a) Data and Calculations:

Required loan amount = $176,590.00

Period of loan = 22 years

Interest rate = 6.19%

Loan fee = $443.00

Stock purchase = lesser of $1,000 or 3.00% of loan amount

= lesser of $1,000 or $5,297.70 ($176,590 * 3%)

i) Loan principal = $178,033 ($176,590 + $443 + $1,000)

ii) Required stock purchase = $1,000

iii) Annual loan payment (fully amortized at 6.19%) = $15,030 approximately :

(# of periods) 22

I/Y (Interest per year) 6.19

PV (Present Value) 178033

FV (Future Value) 0

PMT = $15,030.02

Sum of all periodic payments $330,660.34

Total Interest $152,627.34

7 0

3 years ago

At Bargain Electronics, it costs $30 per unit ($20 variable and $10 fixed) to make an MP3 player at full capacity that normally

stiks02 [169]

Answer:

Effect on income= $0

Explanation:

<u>Because the company has excess capacity and it is a special offer that would not affect normal sales, we will not include the fixed costs.</u>

Effect on income= total sales revenue - total variable cost

Effect on income= 24*4,960 - (20 + 4)*4,960

Effect on income= $0

8 0

2 years ago