Which of the following acts requires disclosure of finance charges in terms of an annual percentage rate and requires that interest rates be calculated in a uniform manner in consumer credit transactions?
a. Equal Credit Opportunity Act
b. Fair Credit Billing Act
c. Truth-in-Lending Act
d. FTC Act
c
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A company uses the retail inventory method and has the following information available concerning its most recent accounting period:?At CostAt RetailBeginning-of-period inventory$148,600$245,200Net purchases677,4001,229,800Sales?1,200,0001. What is the cost-to-retail ratio using the retail method?2. What is the estimated cost of the ending inventory?
What will be an ideal response?
When responding to customer comments online, a company should
A) reply with witty sarcasm to belittling comments or posts. B) reply with factual information to unhappy customers. C) not reply to neutral posts or comments. D) reply to every positive customer statement. E) reply with emotional language to show concern.
When a new entrepreneur is unable to obtain an SBA loan, they turn to a commercial bank.
Answer the following statement true (T) or false (F)
In reorganization cases the creditors usually look to the debtor's property at the commencement of the bankruptcy proceeding
a. True b. False Indicate whether the statement is true or false