Which of the following is NOT one of the provisions of the Truth in Lending Act?
a. It requires a full disclosure of the comparative costs of buying goods for cash or on credit.
b. The creditor must disclose, in writing and in advance of signing, the total dollar finance charge and the effective annual percentage rate (APR) of the interest or finance charge.
c. It provides for a three-day "cooling-off" period when a consumer agrees to borrow on the security of a second mortgage on a home.
d. It places a limit on the rate or amount of interest or carrying charge.
d
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Cost accumulation refers to assigning costs to cost objects
Indicate whether the statement is true or false
Given the following financial statements for ACME Corporation, what amount did the company
pay in dividends for 2010? Income Statement Balance Sheet Year Ended 12/31/10 12/31/2010 12/31/2009 Sales $1,300,000 Current Assets $50,000 $45,000 Cost of Goods Sold 750,000 Gross Fixed Assets 880,000 650,000 Operating Expenses 200,000 Less Accumulated Depreciation 450,000 350,000 Depreciation Expense 100,000 Fixed Assets 430,000 350,000 EBIT 250,000 Total Assets $480,000 $395,000 Interest Expense 50,000 EBT 200,000 Current Liabilities $35,000 $50,000 Taxes 80,000 Long-term Debt 330,000 270,000 Net Income $120,000 Common Stock 5,000 5,000 Retained Earnings 110,000 70,000 Total Liabilities & Equity $480,000 $395,000 A) $25,000 B) $100,000 C) $80,000 D) $45,000
A product line is a group of product or service items that are closely related because they satisfy a class of needs, ________, are sold to the same customer group, are distributed through the same type of outlets, or fall within a given price range.
A. are made of similar components B. require high levels of R&D C. made from the same formulations D. have one SKU number E. are used together
Which of the following is Cannondale's corporate-level strategy?
a. Differentiation b. Unrelated diversification c. Related diversification d. Cost leadership