Questions about disabilities, arrest record, religion, and age are usually illegal
Indicate whether this statement is true or false.
TRUE
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Which regulation deals with Code Section 170?
A. Reg. Sec. 1.170-5 B. Reg. Sec. 170.162-5 C. Reg. Sec. 1.5-170 D. Reg. Sec. 170 E. Reg. Sec. 170.25-5
AAA Insurance Company specializes in property and casualty insurance for individuals such as automobile and home insurance. The company has their own branch offices across the United States with representatives who only market AAA insurance policies. In addition, consumers can get quotes and purchase via the AAA web portal. AAA Insurance also works with independent insurance agents as a way to maximize their coverage in the marketplace. AAA insurance is utilizing ______.
a. ?reverse channels
b. ?captive channel system
c. ?direct channel
d. ?dual distribution
Lucky Louie applied for a $5,000 loan payable in one year and was provided the following data; interest due at payoff of $750, application fee $100, credit check $75, processing fee $75. What is the APR of Louie's loan?
A) 20% B) 17.5% C) 22.5% D) There is not enough information to determine the answer.
At the end of the year, a company has the following accounts receivable and estimates of uncollectible accounts: 1. Accounts not yet due = $70,000; estimated uncollectible = 4%.2. Accounts 1-30 days past due = $30,000; estimated uncollectible = 15%.3. Accounts more than 30 days past due = $5,000; estimated uncollectible = 40%. Record the year-end adjustment for uncollectible accounts, assuming the current balance of the Allowance for Uncollectible Accounts is $1,200 (debit).
What will be an ideal response?