Which of the following statements about the Truth-in-Lending Act is (are) true?
a. it limits the interest rates that may be charged b. it prohibits the use of appraisal fees
c. it does not apply to many loans over $25,000
d. it requires all consumers be offered identical credit terms e. all of the other choices are true
c
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Financial Data for four automotive parts manufacturers is given below:
a) Using the financial data given in the above table, create income statements for each firm. Assume a common tax rate of 40% for each company.
b) Determine the break-even points in both units and dollars, and the degrees of operating, financial, and combined leverage for each firm.
c) How many units would each company need to sell in order to achieve EBIT of $15M?
d) Create a Line chart that shows the various leverage measures for each company.
What is the first step in the scientific method?
A. review scientific evidence B. develop a hypothesis C. evaluate and draw conclusions D. state the problem