The amount of insurance that has expired during December is $5,500. This is the amount that needs to be recorded as an adjusting entry for insurance expense for the month of December.
To calculate how much insurance has expired during December, you need to first determine how many months of insurance the prepaid insurance account represents at the end of December.
Since the company paid for 12 months of insurance on November 1, 2021, the prepaid insurance account should have a balance of $6,600 at the end of November 2021. This means that the prepaid insurance account represents 2 months of insurance coverage for December 2021 and January 2022 ($6,600 divided by 12 months = $550 per month x 2 months = $1,100).
To calculate how much insurance has expired during December, you need to subtract the unexpired portion of the prepaid insurance from the total prepaid insurance balance. In this case, the unexpired portion of the prepaid insurance is $1,100 (as calculated above), so the amount of insurance that has expired during December is:
Prepaid insurance balance - Unexpired portion = Expired portion
$6,600 - $1,100 = $5,500
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You are planning a store on a large lot. Your budget only allows for 800 linear feet of walls. What is the maximum square
footage of your store?
Answer: 40,000 sq/ft
Answer:
The correct solution is "40,000 sq/ft".
Explanation:
The given value is:
Feet of walls
= 800 ft
Sides,
= 4
Now,
The square store will be:
= \(\frac{800}{4}\)
= \(400 \ ft\)
The max footage of square will be:
= \(400\times 100\)
= \(40,000 \ sq/ft\)
fresh eggs moving from farms to a retailer and then on the final consumer , identify points in the supply chain where the eggs might used to be stored. Why is it essential to move eggs quickly down the supply chain?
Eggs are regarded as the ideal food. They are vitamin and protein-rich, easy to prepare, and affordable for even the retailer most frugal food buyers. To meet demand, it is supply chain that egg production would increase by 50% by 2030.
The advantages of keeping a high supply chain velocity are several. Not only can higher supply chain velocity boost customer happiness, but it can also shorten shipment times, lower shipping costs, improve inventory tracking, and streamline operations for more retailer efficiency. It's crucial to take immediate action and foresee when supplies are likely to run low in order to promptly place orders and maintain control over supply and resources.
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Toss a fair coin 2n times. You earn $1 for each heads, and lose $1 for cach tails. Calculate the probabilities of the following events: (a) (3 pts) Your net return is 0. (b) (3 pts) Your net return is. (c) (4 pts) Your net return is a multiple of 4. Please justify of your answer. (d) (Bomus problem) Your final net return is 0, and your net return is never negative during the whole game.
The binomial distribution formula calculates the likelihood of a net return of 0. Getting n heads and n tails in 2n tosses is (0.5)^(2n) * (2n select n).
Summing the probabilities of getting more heads than tails when n is greater than n gives the chance of a positive net return. The binomial distribution formula can compute the probability of n+1, n+2,..., 2n heads.
Consider scenarios where the difference between heads and tails is divisible by 4 to determine the likelihood of a net return being a multiple of 4. The difference is 0, 4, 8,..., 2n. Summarise each difference value's probabilities.
The bonus problem of having a final net return of 0 and never a negative net return throughout the game requires more complex computations. The probability may involve dynamic programming to consider all possible sequences of heads and tails that satisfy these constraints.
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write the use of hydraulic press
Answer:
Hydraulic presses are used for ;
ForgingClinchingMouldingBlankingPunchingDeep drawing Metal forming operations. Creating more intricate shapes Can be economical with materials.Explanation:
If the design department has an effective capacity of 6500 widgets per day, but the recent efficiency measures is at 104%. Determine the expected production for the planning period.
Design is an important aspect of any manufacturing process, as it can greatly impact the efficiency and capacity of production.
In this scenario, the design department has an effective capacity of 6500 widgets per day, indicating that they are able to produce up to this amount under optimal conditions. However, the recent efficiency measures show that they are operating at 104%, which means that they are producing more than their effective capacity. To determine the expected production for the planning period, we need to consider the impact of this increased efficiency. If we assume that the 104% efficiency rate will continue, then the expected production for the planning period would be 6760 widgets per day (6500 x 1.04). This means that the design department would be able to produce more widgets than their effective capacity, which could be beneficial for meeting demand or increasing profitability.
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Peter and marcia, both age 34, can each pay $650 a year each on life insurance for themselves. about how much is the face value of the largest combination of policies they can buy? for age 34, a 10-year term for male is 1.45 and for female is 1.24. a 20-year term for male is 1.89 and female is 1.46. a. $1,945,000 b. $972,000 c. $789,000 d. $806,000 please select the best answer from the choices provided a b c d
The face value is $972000. All premiums paid are accustomed cowl the value of insurance protection. The term is also one, five, 10, 20 years, or longer.
With the age of the customer, the insurance premiums additionally rise. The younger. Similarly, the older your age is, the higher the insurance premium. Health Insurance Premium will increase with age because it is believed that with the rising age, possibilities of health issues conjointly rise, which is why consequently, the premium quantity will increase.
Generally, the older someone is, the upper the price of their insurance is. This can be a result of insurance policies area unit designed to pay a benefit once the insured passes away; the additional probably it's that the named insured can die throughout the policy amount, the upper rates are.
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The mirror image of the consumption function. a. Income function b. Saving function c. Marginal property to save d. Marginal property to consume
The mirror image of the consumption function is the saving function. Therefore, option (b) is the correct answer.
The consumption function is a mathematical equation that describes the relationship between a household's disposable income and its consumption expenditure. It reflects the extent to which households' consumption is influenced by their income. For a given level of disposable income, the consumption function displays the various levels of consumption expenditure that consumers engage in.
The saving function is the mirror image of the consumption function. The saving function depicts the relationship between saving and disposable income, whereas the consumption function depicts the relationship between consumption and disposable income.
Therefore, b is correct.
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An account into which a person deposits money and then can withdraw funds by making a written order to the bank instructing it to pay money from the account to another person or a business is known as
a. a savings account.
b. achecking account.
c. a cashier's account.
d. a credit account.
A ______ is responsible for any income taxes due on income generated by or from the property subsequent to the making of the gift; the ______ must pay any gift tax generated by the making of the gift.
A donee is responsible for any income taxes due on income generated by or from the property subsequent to the making of the gift;
the donor must pay any gift tax generated by the making of the gift.
In the context of property gifts, the donor is responsible for any income taxes due on income generated by or from the property subsequent to the making of the gift. The donee (the recipient of the gift) must pay any gift tax generated by the making of the gift.
The donor is responsible for any income taxes on the property because the ownership and control of the property have been transferred to the donee. As a result, any income generated from the property after the gift is the responsibility of the donee.
On the other hand, the gift tax is the tax imposed on the donor for making the gift. It is the donor's responsibility to pay the gift tax, if applicable, based on the value of the gift and in accordance with the applicable gift tax laws and regulations.
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What is a stock symbol?
Answer:
A stock symbol is an arrangement of characters—usually letters—representing publicly-traded securities on an exchange. When a company issues securities to the public marketplace, it selects an available symbol for its shares, often related to the company name.
Explanation:
Which condition is a result of open competition in a free market system?
A. Poor customer service
B. Government regulation
C. Higher prices
D. Higher quality goods
A result of open competition in a free market system is higher quality goods (option D).
What is the result of open competition?
Competition is when there are many producers operating in a particular industry. Competition is high in purely competitive markets and low in a monopoly. This is because in a pure competition, there are many producers while there is only one producer in a monopoly.
Due to the high level of competition in an industry, prices would be more likely to be low. This is because producers would want to attract more consumers by fairly pricing their goods. Also, producers would want to offer good customer service in order to retain consumers as there are many competing producers in the market. High quality goods are also a way to attract an retain customers.
A free market system is a market system where prices are set by the forces of demand and supply. There is no government regulation in this type of market.
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African american consumers currently have a purchasing power estimated to have reached ________.
African American consumers currently have a purchasing power estimated to have reached $1.6 trillion.
What is purchasing power?
The quantity of products or services that a certain sum of money may purchase at any given time is referred to as purchasing power. Every area of economics is impacted by purchasing power, from consumers' ability to buy things to investors' ability to purchase stocks to the success of a nation's economy. A currency's declining purchasing power as a result of excessive inflation may have detrimental effects on the economy.
Your money's "purchasing power" refers to how much it can be spent on. Both stock prices and the state of the economy in general are impacted by purchasing power. The purchasing power of your investments will decrease as a result of rising inflation, which means that when you need to use the money you invested, it will be worth less.
Hence, African American consumers currently have a purchasing power estimated to have reached $1.6 trillion.
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alpha company bought 75 units of inventory for $4 each and 25 units of inventory for $5 each. alpha's weighted average cost per unit is . multiple choice question. $4.50 $4.25 $5 $4
75 inventory units were purchased by Alpha Company for $4 each, while 25 were purchased for $5 each. The weighted average price per unit for Alpha is $4.25.
The weighted average cost approach divides the cost of the commodities available for sale by the number of units available for sale. This method is typically used when inventory items are so similar to one another or blend into one another that it is challenging to assign accurate pricing to single units.
Divide the total cost of the products purchased by the number of units on hand to determine the weighted average cost. You'll need to know the sum of beginning inventory and recent purchases in order to calculate the cost of the things that are currently for sale.
The following formula can be used to compute the weighted average cost:
Weighted average cost per unit = Total cost ÷ Total number of units
= 75 × 4 + 25 × 5 ÷ 75 + 25
= 425 ÷ 100
= 4.25 per unit
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This scenario describes a tax system. Isabel pays Tony and Juan on the computer. pays the highest tax rate on the computer. would be the most affected by an increase in the sales tax rate.
Answer: 1.Regressive
2.Same Tax
3.Tony
4.Tony
Explanation:
It's regressive as Tony who earns the least income pays a higher proportion of his tax than others.
Isabel pays thesame tax as Tony and Juan on the computer.
Tony pays the highest tax rate on the computer. He paid 1.6%, Juan paid 0.32% and Isabel paid 0.21%.
Tony would be the most affected by an increase in the sales tax rate.
Answer:
regressive, the same tax
and 3 & 4 is tony.
Explanation:
Think about where you will be in your career and your life five years into the future. Create a list of the jobs that you think you will have, the additional skills you might develop, and the further education you will pursue. Using this list, prepare a résumé for yourself that reflects where you believe you will be in five years. Once you have prepared the résumé, share it with someone in your family or with a close friend. Ask them for their insight as to whether the résumé is an accurate portrayal of where they think you will be in five years. If their opinion is different from yours, can you determine why? How might this information factor into your present and future career decision-making?
Explanation:
It is essential that when choosing the business administration course there is a directing of the student to one of the multiple administrative areas in which a career can be built.
Assuming that there is an interest in building a career with a focus on entrepreneurship in the market, it is necessary that there are significant skills for entrepreneurs, that is, communication skills, flexibility, and conceptual skills, which allow the administrator a broad view of the business, coordinating and controlling its resources to position itself favorably in the competitive market.
If your focus is to open a new business, it is necessary that you evaluate your profile, considering that this is an activity that requires resilience, organization, a lot of study and determination. When preparing your resume and asking for the opinion of people close to you, analyze if the characteristics of an entrepreneur will match yours, and adjust to develop them if necessary, seek support material, such as great scholars, scientific articles, try to observe the business scenario, and dedicate yourself to making your business prosper.
four degrees of competition
Answer:
There are four types of competition in a free market system:
perfect competitionmonopolistic competitionoligopolymonopolyUnder monopolistic competition, many sellers offer differentiated products—products that differ slightly but serve similar purposes.
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According to a recent study, what impact did restaurants using the GrubHub platform see on their revenue growth compared to those that did not?
A. Revenue growth was six times greater than that of restaurants not using GrubHub.
B. Revenue growth was equal to that of restaurants not using GrubHub.
C. Revenue growth was three times greater than that of restaurants not using GrubHub.
D. Revenue growth was not impacted for restaurants using GrubHub.
E. Revenue growth declined for those restaurants using GrubHub compared to those that did not use it.
GrubHub platform see on their revenue growth compared to those that did not: Revenue growth was three times greater than that of restaurants not using GrubHub. The correct option is C.
According to the information provided, restaurants using the GrubHub platform experienced three times greater revenue growth compared to those that did not use GrubHub. This suggests that using GrubHub had a positive impact on the revenue growth of restaurants.
The exact details and specifics of the study, such as the sample size, timeframe, and methodology, are not provided, but based on the given options, it can be concluded that restaurants using GrubHub saw a significant increase in their revenue growth compared to those that did not utilize the platform.
This indicates that the convenience and exposure provided by GrubHub likely contributed to attracting more customers and driving higher sales for the restaurants. The correct option is C.
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The critical discussions about the market view should consider two main elements:
Past FX market behavior: You should select two pairs of currency from the five listed above (e.g. AUD/USD, AUD/EURO, AUD/JPY, USD/JPY, USD/EUR, etc.) and examine their past performance. Your analysis should go back at least two years and can be thought of as an events study, i.e. looking at currency price movements over time and considering events that have resulted in the respective price action. There should be adequate links between the data, research, and discussions put forth.
A market view forecast: Using the two currency pairs you’ve selected above, provide a forecast of where you think prices are going to be in the future. You should provide commentary about where you think prices are going to be 3 – 6 months in the future and provide adequate justification for your forecast using both academic and market data.
The market view is a critical part of the analysis when assessing the FX market, and it considers two primary elements: past FX market behavior and a market view forecast. When assessing the past FX market behavior, two pairs of currency, such as AUD/USD, AUD/EUR, AUD/JPY, USD/JPY, USD/EUR, should be chosen and their performance examined over at least two years.
This analysis should be an events study, which means it should involve examining currency price movements over time and considering events that have caused the respective price action. There should be adequate links between the data, research, and discussions put forth. When assessing a market view forecast, using the two currency pairs chosen above, a forecast should be provided for where prices are expected to be in the future. A commentary should be provided on where prices are expected to be 3-6 months from now and adequate justification for the forecast should be provided using both academic and market data.
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the amount by which government spending exceeds government revenues is called the , and the accumulation of past government borrowing is called the .
The amount by which government spending exceeds government revenues is called the , and the accumulation of past government borrowing is called the Government debt.
What happens when the quantity of government spending surpasses the amount of revenue?
A government has a budget deficit when its spending on goods, services, or transfer payments exceeds its tax receipts. Governments borrow money to cover budget shortfalls, and each time they do so, the national debt.
Fiscal deficit is the word used to describe the gap between the government's total revenue and total outlays. It serves as a gauge for the total amount of borrowings the government will require.
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What are 4 ways to increase profit?
The 4 ways to increase profit is by preparing a budget, focusing on your profit margins, review your business's bottom line performance, and also benchmark your business's performance.
Customer relationships are considered to be the key when securing and growing profitable revenues. Here, the marketing should lead the way in developing a standard set of the relationships, while also matching the customers to relationships, and also establishing relationship migration paths.
However, when focusing on the branding and quality can thus help sustain a higher prices on sales and also tend to ensure higher profit margins which is mainly over the long term.Thus, preparing a budget is necessary.
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Which type of business organisation is the most suitable for a large electronics
manufacturer?
A. partnership
B. private limited company
C. public limited company
D. sole trader
Answer:
C. public limited company
Explanation:
A public limited company is a business ownership structure that provides a legal distinction between the business and its owners. The company is a legal person with the right to do business, acquire assets or incur liabilities. Unlike a private limited company, public limited company shares trade with ease at the stock exchange.
Due to their listing in the stock exchange, public limited companies can raise capital with much ease. The corporation only needs to comply with the regulation of the stock market to raise more finances. Public limited compies are suited for large organizations that require huge capital to finance their operations and expansions.
______ planning is about planning for the long-term future; to be successful, you need to plan using goals and measurable standards
Strategic planning is about planning for the long-term future; to be successful, you need to plan using goals and measurable standards.
Strategic planning involves setting long-term objectives and determining the actions and resources required to achieve those objectives. It focuses on the organization's overall direction and involves making decisions that will shape its future. Strategic planning is typically conducted by top-level management and considers factors such as market trends, competitive analysis, and organizational strengths and weaknesses.
One essential aspect of strategic planning is setting clear goals and establishing measurable standards. Goals provide a sense of direction and purpose, while measurable standards allow progress to be tracked and evaluated. By setting specific targets and defining criteria for success, organizations can assess their performance and make necessary adjustments to stay on track.
Without goals and measurable standards, strategic planning becomes vague and lacks the necessary framework for effective decision-making and progress evaluation. Goals provide clarity and motivation, while measurable standards provide a basis for accountability and performance assessment. Together, they contribute to the success of long-term planning efforts.
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Andrew Industries purchased $160,000 of raw materials on account during the month of March. The beginning Raw Materials Inventory balance was $21,000, and the materials used to complete jobs during the month were $136,500 of direct materials and $12,500 of indirect materials. What is the ending Raw Materials Inventory balance for March
The Ending Raw Materials Inventory for Andrew Industries will be:
32,000
HOW TO CALCULATE ENDING RAW MATERIALS?
We will use the Inventory identifier formula to solve for ending inventory
Beginning Inventory + Purchase = Ending Inventory + Used.
⇒21,000 + 160,000 = Ending Inventory + Used.
Used materials
Direct Used Materials = 136,500
Indirect Used Materials = 12,500
Total Used Materials = 149,000
Now we know,
21,000 + 160,000 = Ending Inventory + 149,000
⇒ 181,000 - 149,000 = 32,000
Therefore, Ending Inventory = $32,000.
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Freedom of ensures that entrepreneurs and private businesses are free to obtain and use economic resources to produce their choice of goods and services. True or false?.
Freedom ensures that entrepreneurs and personal businesses are unfastened to acquire and use financial sources to provide their desire for products and offerings is proper is true.
Businesses Walmart or widespread motors. The coronary heart of America, but, stays the small enterprise. Small agencies in your city may consist of accounting firms, eating places, nearby shops, and greater.
In a job, you earn an income, however commercial enterprise proprietors can earn profits and enjoy the earnings of their business whilst it's far successful. however, your earnings from the running activity are more reliable than incomes and profits from your commercial enterprise. if you come to work in a job, you get paid for your time.
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Tianna invested $500 in a CD account. She earned $8 in interest. Inflation was $2. What is Tianna's rate of return? (3 points)
Answer:
1.6%
Explanation:
A rate of return is the total gain or loss on investment. It is usually expressed in percentage form
Rate of return on the CD is the total return derived from investing in the Certificate of deposit
Rate of return = (interest earned / total amount invested ) x 100
(8/500) x 100 = 1.6%
If we are asked to calculate the real rate of return, the inflation rate would be subtracted from the interest earned
Real rate of return = \(\frac{8-2}{500}\) × 100 = 1.2%
characteristics of co operative business
According to the Commission, cooperatives have several defining characteristics: 1) they are open and voluntary associations; 2) they have a democratic structure, with each member having one vote; and 3) they have an equitable and fair distribution of economic results based on the volume of operations made through them ...
A cooperative is a group of people that work together to run a jointly owned and democratically run firm to achieve their shared economic, social, and/or cultural goals and objectives.
Characteristics of co-operative business :
1. Open membership- A cooperative organization's membership is open to everyone and is entirely voluntary, regardless of race, color, creed, caste, or sex.
2. Democratic control- Democracy in action is cooperation. A committee chosen by the membership at the annual general meeting often oversees the operations of cooperative societies.
3. Service motive- A co-operative society is established with the primary goal of offering its members and the society a valuable service, whether it be credit, consumption items, or input resources.
4. Voluntary membership- A person has the right to join a society whenever they choose, stay in it for as long as they please, and leave it at any time as long as they share a similar interest and are willing to adhere by its laws.
5. Liability of members- Similar to how corporations are set up, cooperative societies can be set up with either restricted or unlimited liability.
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Tom has analyzed the competitive landscape of cookbook costs, what a customer is willing to pay for a cookbook, and what the target customer uses to evaluate a cookbook's value. The marketing mix area Tom is focused on is:
Based on the provided information, the marketing mix area Tom is focused on is price.
What is marketing mix?The marketing mix can be regarded as set of actions as well as tactics, that is been utilized by company in promoting its brand .
The 4Ps make up a marketing mix are;
Price Product Promotion Place.Learn more about marketing mix at;
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i mass marketing is better than niche marketing true or false
Answer:
It is true
Explanation:
Evaluate whether a business should made decisions solely on the basis of the profit made or weather it should also consider other factors.
While profit is important, it should not be the only factor that businesses consider when making decisions. A holistic approach that takes into account the impact on the environment, employees, and wider society is essential for sustainable success.
While profit is certainly a crucial factor for any business, it should not be the sole consideration when making decisions. There are other important factors that should be taken into account to ensure that the business is sustainable in the long run.
One such factor is the impact on the environment. Companies have a responsibility to reduce their carbon footprint and to minimize the negative impact of their operations on the environment. Failing to do so could result in a damaged reputation and loss of customers who are increasingly concerned about the environment.
Another important consideration is the well-being of employees. A business that values its employees and creates a positive working environment will be more productive and have lower turnover rates. It is also important for businesses to be socially responsible and to give back to the community through charitable donations and other initiatives.
Furthermore, businesses must also consider their impact on the economy. Decisions that negatively affect other businesses or the wider community could have negative consequences in the long term.
In conclusion, while profit is important, it should not be the only factor that businesses consider when making decisions. A holistic approach that takes into account the impact on the environment, employees, and wider society is essential for sustainable success.
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A business should not make decisions solely based on profit but should also consider other factors. While profit is a crucial aspect for the sustainability and growth of a business, focusing exclusively on profit can lead to negative consequences in the long run. Here are some reasons why businesses should consider other factors:
1. Ethical and Social Responsibility: Businesses have a responsibility to act ethically and consider the impact of their decisions on society and the environment. Ignoring ethical considerations can lead to reputational damage, legal issues, and loss of public trust.2. Customer Satisfaction: Satisfying customer needs and providing value should be a priority for any business. A sole focus on profit may lead to compromising product quality, customer service, or neglecting customer feedback, which can ultimately harm the business's reputation and customer loyalty.3. Employee Well-being: Employees are vital to the success of a business. Considering factors such as fair wages, a safe working environment, and opportunities for growth and development can enhance employee morale, productivity, and retention. Ignoring employee well-being may lead to high turnover rates, decreased productivity, and a negative work culture.4. Long-Term Sustainability: Making decisions with a long-term perspective is essential for the sustainability of a business. Focusing solely on short-term profit may result in neglecting investments in innovation, research and development, employee training, and market expansion, which can limit the business's ability to adapt to changing market dynamics and stay competitive.5. Stakeholder Relationships: Businesses operate within a network of stakeholders, including suppliers, investors, communities, and regulators. Considering the interests and maintaining positive relationships with these stakeholders is vital for long-term success. Ignoring stakeholder concerns may result in legal and regulatory challenges, supply chain disruptions, and damage to the business's overall reputation.In conclusion, while profit is important for the viability of a business, decisions should also consider ethical, social, and long-term factors. By adopting a holistic approach, businesses can build a sustainable and responsible foundation that benefits all stakeholders and ensures long-term success.
What federal laws protects you if you have a complaint regarding consumer credit?
Answer: The Consumer Credit Protection Act (CCPA)
Explanation:
In 1968, The Consumer Credit Protection Act was enacted was enacted so that people would only received fair credit practices and also to protect the consumers from harm
According to the CCPA, the total cost that is involved with regards to a loan must be disclosed. Therefore, the federal laws that protects you if you have a complaint regarding consumer credit is The Consumer Credit Protection Act (CCPA).