Business, 06.04.2020 22:24 gen73

Which law applies?

1)The Bureau of Consumer Protection (BCP) investigates the claims made by Grandma's Fried Chicken about the nutritional facts of their food. Upon discovering false claims, the FTC brings an action before an administration court. Grandma's sues the FTC in court saying they do not have authority to order Grandma's to a hearing.

2)On its application for credit purchases, Your Home Furniture store asked about the marital status of the applicant. If they were not married, applicants were charged a 5% higher interest rate than those that were married.

3)Denco Inc. offers credit to consumers and then reports on the loans to consumer reporting agencies. To save time and money, Denco does not correct or update its reported information.

4)Rothschild Department Store offers credit cards to its customers. The documents (and website) leave out significant terms of the credit. Several customers have been surprised by finance charges by the store.

5)A debt collection agency has been calling Mandy at work and a few times after midnight.

6)Fair Bank developed a process for offering home loans to consumers, in which the interest rate increases exponentially over the life of the loan. The information documents and forms were overly complicated, hiding penalty and interest increase information from the consumers.

7)Miguel has a credit card from a national sporting goods store. He noticed on his monthly bill that he was charged $561.75 for a backpacking tent, which he did not buy. He immediately contacted the store's credit department to report the error. They refused to remove the charge, claiming that it was not their fault if someone had used his credit card unlawfully.

8)Jenny lost her wallet over her lunch break. She immediately notified her bank of the lost credit card. Within a week, over 10 charges were made using her lost card and the bank did not stop them. Jenny called the bank again but they did not investigate the errors for 3 months!

Choose:

a)Fair Credit Reporting Act

b)Fair Credit Billing Act

c)Electronic Fund Transfer Act

d)Equal Credit Opportunity Act

e)Consumer Financial Protection Act

f)Fair Debt Collection Practices Act

g)Federal Trade Commission Act

h)Truth In Lending Act

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 20:40

Ail industries uses activity-based costing to assist management in setting prices for the company's three major product lines. the following information is available: activity cost pool estimated overhead expected use of cost driver per activity cutting $1,000,000 25,000 labor hours stitching 8,000,000 320,000 machine hours inspections 2,800,000 160,000 labor hours packing 960,000 64,000 finished goods units compute the activity-based overhead rates. (round answers to 2 decimal places, e.g. 12.25.)

Answers: 2

Answer

Business, 22.06.2019 02:30

The cost of capital: introduction the cost of capital: introduction companies issue bonds, preferred stock, and common equity to aise capital to invest in capital budgeting projects. capital is』necessary factor of production and like any other factor, it has a cost. this cost is equal to the select the applicable security. the rates of return that investors require on bonds, preferred stocks, and common equity represent the costs of those securities to the firm. companies estimate the required returns on their securities, calculate a weighted average of the costs of their different types of capital, and use this average cost for capital budgeting purposes. required return on rate: when calculating om operations when the firm's primary financial objective is to select shareholder value. to do this, companies invest in projects that earnselect their cost of capital. so, the cost of capital is often referred to as the -select -select and accruals, which a se spontaneously we hted average cost of capital wa c our concern is with capital that must be provided by select- 쑤 interest-bearing debt preferred stock and common equity. capital budgeting projects are undertaken, are not included as part of total invested capital because they do not come directly from investors. which of the following would be included in the caculation of total invested capital? choose the response that is most correct a. notes payable b. taxes payable c retained earnings d. responses a and c would be included in the calculation of total invested capital. e. none of the above would be included in the cakulation of total invested capital.

Answers: 2

Answer

Business, 22.06.2019 05:50

Cosmetic profits. sally is the executive vice president of big name cosmetics company. through important and material, nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. it is expected that stock in big name cosmetics will rise dramatically at that point. sally immediately buys a number of shares of her company's stock. she also tells her friend alice about the expected purchase of stores. alice wanted to purchase stock in the company but lacked the funds with which to do so. although she did not have the funds in bank a, alice decided to draw a check on bank a and deposit the check in bank b and then proceed to write a check on bank b to cover the purchase of the stock. she hoped that she would have sufficient funds to deposit before the check was presented for payment. of which of the following offenses, if any, is alice guilty of by buying stock?

Answers: 2

Answer

Business, 23.06.2019 02:40

Telecom co. enters into a two-year contract with a customer to provide wireless service (voice and data) for $40 per month. to induce customers, telecom co. provides a free phone. telecom co. normally sells the phone on a stand-alone basis for $200. telecom co. also charges the customer a one-time activation fee of $35.which of the following is true? a) there are two distinct performance obligations: the voice service and the data service b) the free phone constitutes as a marketing expense c) the activation fee is a separate performance obligationd) there are two distinct performance obligations: the wireless services and the phone

Answers: 2

Answer

You know the right answer?

Which law applies?

1)The Bureau of Consumer Protection (BCP) investigates the claims mad...

Questions