John loans George money and they sign a written agreement whereby George will repay John in monthly installments. Is this loan subject to the Truth-in-Lending Act?
A)Yes, if the loan is for more than $1,000.
B)Yes, if John and George live in different states.
C)No, if John is not in the business of offering credit.
D)No, if John and George are related.
C
You might also like to view...
Customer awareness, interest, product trial, and customer satisfaction and dissatisfaction, along with perceptions of relative product quality, service quality, and customer value, all serve as forward-looking marketing metrics
Indicate whether the statement is true or false
Supervisors tend to avoid their performance management duties for all of the following reasons except which of the following?
a. They enjoy the power of judging people b. They are afraid that people won't like them c. They are afraid of saying the wrong thing d. They hate paperwork
The measure of damages awarded to an innocent party for fraud is the difference between the value of the property as represented and the actual value of the property.
Answer the following statement true (T) or false (F)
The Washington Fish Company completed the flexible budget analysis for the second quarter, which is given below
Actual Results Flexible Budget Variance Flexible Budget Sales Volume Variance Static Budget Units 12,870 0 12,870 1,070 F 11,800 Sales Revenue $62,790 $1,240 U $64,030 $3,990 F $60,040 Variable Costs 27,590 610 U 26,980 $1,770 U 25,210 Contribution Margin $35,200 $1,850 U $37,050 $2,220 F $34,830 Fixed Costs 34,290 230 U 34,060 $0 34,060 Operating Income/(Loss) $910 $2,080 U $2,990 $2,220 F $770 Which of the following statements would be a correct analysis of the sales volume variance for operating income? A) decrease in sales price per unit B) increase in variable cost per unit C) increase in sales volume D) increase in fixed costs