The Credit Card Accountability and Disclosure Act (CARD) regulates credit card billing cycles by:
A. prohibiting double-cycle billing.
B. allowing a maximum of $30 penalty fee for late payment of credit card debts.
C. allowing penalties to exceed the minimum balance due.
D. issuing cards to applicants under 21 years without a cosigner.
Answer: A
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A random sample of 25 statistics examinations was selected. The average score in the sample was 76 with a variance of 144 . Assuming the scores are normally distributed, the 99% confidence interval for the population average examination score is _____
a. 70.02 to 81.98 b. 69.82 to 82.18 c. 70.06 to 81.94 d. 69.29 to 82.71
Layouts in which the product is stationary and equipment or machines are brought to the product is known as a ________.
Fill in the blank(s) with the appropriate word(s).
Wuensch Inc., an escrow agent, has provided the following data concerning its office expenses: Escrows Completed Office ExpensesApril53 $7,427May94 $9,201June37 $6,769July87 $8,902August40 $6,875September38 $6,797October82 $8,681November35 $6,678December62 $7,836 Management believes that office expense is a mixed cost that depends on the number of escrows completed. Note: Real estate purchases usually involve the services of an escrow agent that holds funds and prepares documents to complete the transaction.Using the high-low method, the estimate of the variable component of office expense per escrow completed is closest to:
A. $131.00 B. $88.22 C. $42.76 D. $45.44