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ella [17]
2 years ago
15

Some states and localities are drafting legislation to reduce the number of payday loans that a lender can provide within a year

(for example, limiting them to no more than 6 loans in a year to an individual). Analyzing the data above, why might lenders be so opposed to such limits?

Business
1 answer:
S_A_V [24]2 years ago
7 0

sixteen states and the district of columbia prohibit extremely high cost payday lending. states protect their citizens from usurious payday lending by prohibiting the product or by setting rate caps or usury limits. georgia prohibits payday loans under racketeering laws.

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Suusssssysysysyysysysys boi amugus​
Thepotemich [5.8K]

Answer:

ur mom

im a free man in a free town in a  country  and a free world

8 0
2 years ago
In 2019, Audrey claimed $2,100 on her Federal tax return for her Child and Dependent Care Expenses Credit. Her Federal adjusted
Maurinko [17]

Answer:

$1,050

Explanation:

Her adjusted gross income is $32,750, so she can claim maximum of 50% of Child and Dependent Care Expenses as CDC Credit

= $2,100 * 50%

= $1,050

So, the amount she can claim for the California Child and Dependent Care Expenses (CDC) Credit  is $1,050

5 0
3 years ago
Why is bad weather sometimes good news for farmers?
Ierofanga [76]
<span>(D) is the most correct answer. When the weather is bad, this will shift the supply curve of (mostly inelastic) farm goods to the left. This will, in turn, raise the equilibrium price that farmers will be able to receive for the products. All else equal, this will raise the overall profit that the farmers will receive, even in times of bad weather.</span>
7 0
3 years ago
Blossom Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be dri
Ghella [55]

Answer:

$0.20 per miles, $6,400, $6,540

Explanation:

The calculation of the depreciation per unit and its expense method is presented below:

= (Original cost - residual value) ÷ (estimate driven miles)

= ($33,600 - $200) ÷ (167,000 miles)

= ($33,400) ÷ (167,000 miles)

= $0.20 per miles

Now for the 2021 year, it would be

= Miles driven in 2021 year × depreciation per miles

= 32,000 miles × $0.20

= $6,400

And, in 2022, it would be

= Miles driven in 2022 year × depreciation per miles

= 32,700 miles × $0.20

= $6,540

3 0
3 years ago
Suppose the following selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars).
Shalnov [3]

Answer:

The answer is

1. -$96 million

2. 0.52:1

Explanation:

1. Working capital = total current assets - total current liabilities

Current assets:

Cash. $ 31.9 million

Accounts receivable $21.0 million

Inventory $28.1 million

Other current assets. $23.0 milllion

Total current assets $104.0 million

And current liabilities is$200.0 million

Therefore, working capital is:

$104 - $200

= -$96 million

2. Current ratio = current assets/current liabilities

$104 million / 200 miliion

=0.52:1

3 0
3 years ago
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