Jim is doing what is<u> legally </u>right by providing this information to Samantha and Bethany.
<h3><u>The Truth in Lending Act (TILA): What Is It?</u></h3>
A federal statute known as the Truth in Lending Act (TILA) was passed in 1968 with the intention of assisting customers in their interactions with creditors and lenders. The Federal Reserve Board implemented the TILA through a number of regulations. The act's disclosure requirements for information like the annual percentage rate (APR), the length of the loan, and the overall costs to the borrower are some of its most significant features. The borrower must be made aware of this information clearly on all documents before signing them, including occasionally on periodic billing statements.
Learn more about The Truth in Lending Act (TILA) with the help of the given link:
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Answer: 1. No.
2. Yes.
Explanation:
Price Discrimination is a pricing strategy where suppliers/producers or sellers sell a good to different people at different prices depending largely on their preference and/or capacity to pay for the commodity i.e, if you want it more, you are charged more.
1. Johnny did not like to play Hopscotch, so offering Suzie one day of Hopscotch for two days of bug hunting is fair and no price discrimination occured as he did not offer these terms to someone else who's game he did not like.
2. Sam knew that Johnny really liked playing Slaps so he leveraged on that and offered him more expensive terms so to speak than he did to Bill even though he liked playing the both games equally. This means that he charged Johnny more than Bill simply because Johnny liked and preferred his game alot which is Price discrimination.
Answer:
The closest answer is option A,$7649
Explanation:
The net present value of the investment is the present value of annual cost savings minus the initial cost of investment.
present of cash flow=cash flow/(1+r)^n
r is the discount rate of 12%
n is the year the cash flow relates to ,for instance year zero for the initial investment
NPV=-$54,000+$16,000/(1+12%)^1+$16,000/(1+12%)^2+$16,000/(1+12%)^3+$16,000/(1+12%)^4+($16,000+$7,000)/(1+12%)^5=$ 7,648.41
note that the project gives $7,000 in salvage value in year 5
Answer:
uncollectible ammount expense 47,972 debit
allowance for doubtful account 47,972 credit
Explanation:
Fro mthe talbe we are given the amount of account over-time fro meach customer.
As we are presented with all date we should proceed directly with the journal entry:
the aging method stated an allowance of 60,727
the current balance is for <u> (12,755) </u>
the adjustment will be for: <em> 47,972 </em>
Answer:
Letter d is correct. <u>They have a lot of energy.</u>
Explanation:
Entrepreneurs need to be high-energy people because they are naturally leaders in an organization and motivate employees.
The attitude that an entrepreneur adopts will usually be copied and transmitted in the organizational culture, but the ideal is that entrepreneurs prove to be high performance and energetic people, prepared to deal with the challenges and uncertainty that may occur in the organizational process, people who follow the line. the set of organizational ethics and policies.
The business posture is essential to cope with the daily pressures of running work systems.
