Dina takes out a student loan from Earnest Bank. When she fails to make the scheduled payments for six months, Earnest advises her of further action that it will take. This is a violation of
A)?no federal law
B)?the Fair and Accurate Credit Transactions Act.
C)?the Fair Debt Collection Practices Act.
D)?the Truth-in-Lending Act.
A
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Explain equity theory, and discuss how managers can use this model to help motivate workers. Give an example from your own experience of an inequitable situation, and use it to illustrate how people react to such circumstances.
What will be an ideal response?
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a. dash b. comma c. either of the above
Erie Company reports the following comparative balance sheets and income statement information for the current year. Comparative Balance Sheets 12/31/201512/31/2016Assets Cash $96,000? $ 56,000 Accounts receivable 40,000? 24,000? Prepaid insurance 40,000? 48,000? Inventory 16,000? 32,000? Property, plant & equipment 48,000? 56,000? Total Assets $ 240,000 $216,000? Liabilities and Stockholder's Equity Accounts payable $ 56,000 $40,000? Salaries payable 24,000? 48,000? Long-term notes payable 32,000? 40,000? Common stock 28,000? 28,000? Retained earnings 100,000? 60,000? Total Liabilities and Stockholders'
Equity $ 240,000 $216,000? 2016 Income StatementRevenue$320,000? Cost of goods sold (168,000)? Gross margin 152,000? Operating expenses (88,000)? Net income$64,000? What was the cash received from customers during the year? A. $280,000 B. $336,000 C. $296,000 D. $320,000
The normal balances of Sales, Sales Discounts, and Sales Returns and Allowances are ________
A) debit, credit, and credit, respectively B) debit, debit, and credit, respectively C) credit, debit, and debit, respectively D) credit, credit, and debit, respectively