The Truth-in-Lending Act requires itemization of charges for such items as credit life insurance
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Which of the following statements is correct?
A. The short-term pension risk ratio is calculated by dividing the projected benefit obligation by the market value of common stock. B. Firms with high marginal tax rates tend to have lower funding ratios. C. The funded status of a pension plan does not throw light on cash flow problems. D. Firms with less stringent capital constraints tend to have higher funding ratios.
The bit rates of DSL lines usually have no relation to the distance of the subscriber's computer from the regional central office of the telephone company.
Answer the following statement true (T) or false (F)
The formula for the expected duration of an activity when using PERT estimates is ______.
A. (a + 4m + b)/6 B. (a + 2m + b)/6 C. (a + 4m + b)/3 D. (a + 2m + b)/3
Melbourne Company uses the perpetual inventory system and LIFO cost flow method. Melbourne purchased 500 units of inventory that cost $4.00 each. At a later date, the company purchased an additional 600 units of inventory that cost $5.00 each. If the company sells 800 units of inventory, what amount of ending inventory will appear on a balance sheet prepared immediately after the sale?
A. $1.350 B. $1,500 C. $3,800 D. $1,200