Brad borrows $20,000 from City Bank to repair his home and to buy a car. Brad buys a stereo from Discount Store in a transaction financed by the seller. If these parties are subject to the Truth-in-Lending Act, Regulation Z applies to
A. the car loan only.
B. the home repair loan only.
C. the retail installment sale only.
D. the car loan, the home repair loan, and the retail installment sale.
Answer: D
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Edgar, a production worker, complains to a human resource professional at his company that when he asked his supervisor for a week off to care for his son after surgery, the supervisor replied, "Can't your wife do that instead?" Which statement best summarizes what the HR professional should explain to the supervisor?
A. Fatherhood is a protected category in the antidiscrimination laws. B. Females may not be required to contribute more than men to defined-benefit plans. C. Equal employment opportunity requires that access to benefits not be limited by sex. D. Benefits apply whether a spouse is of the same or the opposite sex. E. Edgar has not yet used all of his sick leave.
What organization is responsible for setting auditing standards for audits of publicly-traded companies in the U.S.?
A. PCAOB. B. FASB. C. GASB. D. AICPA.
What is the effect on the accounting equation when a company recognizes rent as earned that had previously been received in advance from customers?
A) Assets increase B) Assets decrease C) Liabilities increase D) Equity increases
Citizens' Bank of Business commercial loans are currently posted as having an 8.50% APR, with monthly payments due over a three-year period
If your firm takes out a $25,000 loan, what is the monthly payment, and what is the EAR? Use a financial calculator to determine your answer. What will be an ideal response?