Some states and localities are drafting legislation to reduce the number of payday loans that a lender can provide within a year (for example, limiting them to no more than 6 loans in a year to an individual). Analyzing the data above, why might lenders be so opposed to such limits?
sixteen states and the district of columbia prohibit extremely high cost payday lending. states protect their citizens from usurious payday lending by prohibiting the product or by setting rate caps or usury limits. georgia prohibits payday loans under racketeering laws.
When a borrower takes out a payday loan, the term "payday" refers to the scenario in which they send a postdated cheque to the lender for their payday wage and the lender gives them some of that payday sum in cash right away.
What is the importance of loaning?Loans are given out for a variety of purposes, such as large purchases, investments, renovations, debt consolidation, and company endeavors. Additionally, loans assist already-established businesses in growing. Through lending to new enterprises, loans promote economic growth by expanding the total amount of money in circulation.
With a payday loan, a lender will grant you high-interest credit based on your income. Payday loans are a sort of short-term borrowing. A percentage of your next paycheck serves as its principal in most cases. Payday loans provide high-interest rates for quick, short-term credit. They may also be referred to as cheque advance loans or cash advance loans.
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When a seller allows a buyer thirty to sixty days to pay for a purchase, the sales arrangement is called a. a promissory note. b. equity financing. c. trade credit. d. a bank loan. e. None of these answers is correct.
The sales arrangement when a seller allows a buyer thirty to sixty days to pay for a purchase is known as Trade credit
A trade credit is an arrangement that exists between buyers and sellers with respect to exchange of goods and services.
In trade credit, the supplier allows the buyer purchase on credit and pay later usually between 30, 60 or 90 days.
Hence, trade credit is where a seller allows a buyer thirty to sixty days to pay for a purchase.
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Integrated Marketing Communication involves coordinating only paid personal communications. True False
it is false that Integrated Marketing Communication involves coordinating only paid personal communications because it involves paid and non-paid personal communications.
A paid personal communications entails the communication channel which requires payment such as advertisement.
An Integrated Marketing Communication entails integrated marketing elements which helps to communicate with the customers.
The element of Integrated Marketing Communication includes:
public relationssocial mediaaudience analyticsadvertising etc
In conclusion, it is false that Integrated Marketing Communication involves coordinating only paid personal communications because it involves paid and non-paid personal communications.
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For the last 20 years, Terry has made regular quarterly payments in the amount of $308 into an account paying 1. 5% compounded quarterly. If, at the end of the 20 year period, Terry stops making deposits, transfers the balance to an account paying 5. 5% interest compounded annually, and withdraws a annual salary from the account, determine the amount that he will receive every year for 10 years. Round to the nearest cent. A. $28,672. 88 b. $3,803. 97 c. $28,780. 40 d. $3,074. 66.
The amount that will be received by Terry at the end of every year for 10 years is $3,803.97
Computations:
1. First the future value will be computed:
Given,
[tex]A[/tex] =$308, Annuity or the quarterly payment amount.
[tex]r[/tex] =1.5%, the rate of interest to be paid quarterly; thus the effective rate of interest will be: 0.375% [tex](\frac{1.5\%}{4})[/tex]
[tex]n[/tex] = 20 years, number of periodic payments, but the effective time period for the computation will be 80 payments that are: [tex](20\times4(\text{quarter}))[/tex]
[tex]\begin{aligned}\text{Future Value}&=\dfrac{A\times(1+r)^n-1}{r}\\&=\dfrac{\$308\times(1+0.00375)^{80}-1}{0.00375}\\&=\$28,672.88\end{aligned}[/tex]
2. From the determined future value that will be used in the present value formula, where 5.5% interest compounded at which Terry will receive an amount for every 10 years will be computed.
Given,
Present value =$28,672.88
[tex]r[/tex] =5.5%, the coumpounded rate of interest
[tex]n[/tex] =10 years
[tex]\begin{aligned}\text{Present Value}&=\dfrac{A(1+r)^n-1}{r(1+r)^n}\\\$28,672.88&=\dfrac{A(1+0.055)^{10}-1}{0.055(1+0.055)^{10}}\\A&=\dfrac{7.537}{\$28,672.88}\\A&=\$3,803.97\end{aligned}[/tex]
Therefore, after the payment of $308 for 20 years, Terry will start receiving the amount of $3,803.97 every 10 years.
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If a product is considered a bundle of attributes, what would be two attributes of a tube of toothpaste
If a product is considered a bundle of attributes, the two attributes of a tube of toothpaste will be: Weighs 10 grams and is Water resistant.
A product is considered a bundle of attributes that could be tangible or not.
In describing the product attributes of a toothpaste tube, we could reference the fact that it is lightweight and is resistant to water.
These attributes are the features that make the product attractive to consumers.
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Answer: Flavor of toothpaste & Size of container
Explanation:
The correct answer for smartbook.
how do you wheeze?becasue im lost
Answer:
breathe out, but try to restrict some of the air passage.
Explanation:
i think plz mark me brainliest
Brenda, a job applicant at Trade Winds Corp., discovers that the job she is applying for requires her to be a union member before being hired. She also learns that this arrangement is illegal under the National Labor Relations Act. In the context of the security provisions related to union membership, this Trade Winds Corp. has a(n) __________ arrangement.
Based on the information given, it can be deduced that Trade Winds Corp. has a closed shop arrangement.
A closed shop arrangement simply means a place of work where all the employees gave to belong to an agreed trade union.
Under this condition, an employer will only employ the people that are to be part of the trade union. Therefore, it can be seen that Trade Winds Corp. has a closed shop arrangement.
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1. The fundamental problem of economics is:
A. to establish an equitable system of personal and business taxation.
B. to establish a democratic political framework for the provision of social goods and services.
C. the scarcity of factors of production relative to the unlimited wants of humans.
D. to achieve a more equitable distribution of money income in order to mitigate poverty.
Answer:
I think C is the correct answer.
What phrase could a licensee use in advertising that would not discriminate on the basis of familial status
Senior discount is the phrase that a licensee could use in advertising that would not discriminate.
A familial status discrimination is known to occurs when the landlord, manager or property owner treats someone very differently.
The other options clearly discriminate the familial status.
Hence, the Senior discount is the phrase that a licensee could use in advertising that would not discriminate.
Therefore, the Option is correct.
Missing options "Couples only Empty nesters No bicycles allowed Senior discount"
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Suppose that a steel manufacturer headquartered in Japan sets up a subsidiary in Canada to produce steel. This practice is referred to as:
Large banks who take excess risk because they believe they will be bailed out by the government if they go bankrupt are often known as
Answer:
Too Big to Fail
Explanation:
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Employers will be evaluating your attitude and communication skills during an interview. Please select the best answer from the choices provided T F.
It is true that the employers will be evaluating the attitude and communication skills of the job applicant during an interview
Basically, an interview is conducted by the recruiting firm to assess the various skills, behavior of the job applicant.
The communication skills, qualifications, attitude, tone, cultures, norms are all assessed, even though the applicant might be unaware of them.
In conclusion, it is true that the employers will be evaluating the attitude and communication skills of the job applicant during an interview.
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Answer:
True
Explanation:
Employers will be evaluating your attitude and communication skills during n interview.
Edg 2022
Betsy loves to garden, and her rose garden is enjoyed by everyone in her neighborhood. Because her consumption of rosebushes provides a positive externality to the community, the government should _____ because the market quantity of rosebushes is _____ than the socially optimal quantity.
Answer:
Provide a Subsidy; Lower
Explanation:
Demand is more elastic when you are shopping in Walmart than when you shop at a small convenience store because: Group of answer choices
Answer:
It rises by 25%
Explanation:
Demand is more elastic when you are shopping in Walmart than when you shop at a small convenience store because: more competing products means greater elasticity. Lyft cuts the price of a ride in New York City by 10%. Thereafter, the quantity of rides demanded rises by 25%.
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Consider the different steps of the Waterfall and Agile project management approaches and consider the benefits of each one. Then, reflect on a project that you recently completed. Write 5-10 sentences on which approach you would use choose if you were starting it from scratch, and why.
The waterfall project management approach aims to make the project flow continuous through the phases:
Requirements analysisProjectImplementationIntegrationVerificationMaintenanceIn the Agile approach, there are four fundamental principles for creating value, which are:
Individuals and interaction about processes and tools.Job software with comprehensive documentation.Customer collaboration in contract negotiation.Responding to change by following a plan.The benefits of each of these management approaches are to generate value in the internal and external environment, through greater adaptation to rapid social, economic and technological demands, and through the improvement of quality.
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What is a product mix ?
which is a good synonym for the word barter in the term barter economy?
It should be noted that a good synonym that can be used for the word barter in a barter economy is trade.
A barter economy simply means a cashless economy where a good and services are traded at negotiated rates.
It should be noted that barter systems are known as one of the earliest forms of trade. Therefore, a synonym that can be used for the word barter in a barter economy is trade.
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A chicken farmer can produce one crate of eggs at a cost of $9. 86, and can sell that crate for $34. 24. If the farmer has a starting overhead cost of $7,312, not including production costs, how many crates must be sold in order to realize a profit of $11,300, to the nearest crate? a. 164 b. 330 c. 463 d. 763.
Based on the equation used, the number of crates that must be sold in order to realize the profit is 763 crates.
Let the number of crates be represented by x.
Based on the information given, the equation to solve the question will be:
(34.24 × x) - (7312 + 9.86x) = 11300
34.24x - 7312 - 9.86x = 11300
34.24x - 9.86x = 11300 + 7312
24.38x = 18612
x = 18612 / 24.38
x = 763
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why do many people have a fraught relationship with money?
Answer:
They often put their wants before their needs
Discuss the value of technology in business.
Answer:
The vaule of technology in business is very important like the most important of the business because it help keeps tracks of things, save database, and it help the business grow.
Put the following items in order from most expensive to least expensive. Item Base Price Change Direction Toaster $23. 35 36% Markup DVD $20. 36 66% Markup Headphones $69. 09 56% Markdown Jeans $55. 08 41% Markdown a. Headphones, jeans. Toaster, DVD b. Headphones, DVD, toaster, jeans c. DVD, toaster, headphones, jeans d. DVD, jeans, toaster, headphones.
The items arranged from most expensive to least expensive is DVD, jeans, toaster, headphones.
A mark up increases the price of an item while a mark down reduces the price of an item.
Price after a mark up = (1 + mark up) x base price
Price after a mark down = (1 - mark down) x base price
Price of the toaster after the mark up: (1.36 x $23.35 = $31.76
Price of the DVD after the mark up: 1.66 x $20.36 = $33.80
Price of the head phones after the mark down: (0.44 x $69.09 = $30.40
Price of the jeans after the mark down: 0.59 x $55 = $32.45
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The answer is:D. DVD, jeans, toaster, headphones.
A company makes a $5 profit on each non-faulty product it sells. Approximately 2% of the products manufactured are faulty, with no way to discover which ones are faulty before delivery. If replacement-and-repair costs for the faulty products are $100 each, what is the profit per item? loss of $15. 10 loss of $15 profit of $2. 90 profit of $3. 0.
Based on the information given the profit per item is $2.90.
First step is to calculate the company profit
Profit=(100%-2%)×$5
Profit=98%×$5
Profit=$4.9
Second step is to calculate the profit per item
Profit per item=$4.9-($100×2%)
Profit per item=$4.9-$2
Profit per item=$2.90
Inconclusion the profit per item is $2.90.
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What includes the increasingly complex management of processes, information, and communication to take a product from cradle to grave
The increasingly complex management of processes, information, and communication to take a product from cradle to grave refers to Logistics.
What is Logistics?
Logistics can be described in the most simple of ways, as the planning and management of a series of factors in order to achieve the end goal of a product. Logistics involves a series of complex processes required to oversee the proper flow of a product from its origin to its consumption by the public.This is important in order to ensure adherence to norms and regulations and allow for an efficient and detailed process of production.Therefore, we can confirm that when stating the increasingly complex management of processes, information, and communication to take a product from cradle to grave, we are referring to Logistics.
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Match the phrase that follows with the term (a-e) it describes. integrated set of operating and financing budgets for a period of time estimates the number of units to be manufactured to meet sales and inventory levels shows expected results at several activity levels begins by estimating the quantity of sales shows expected results at only one activity level 1. static budget 2. flexible budget 3. master budget 4. sales budget 5. production budget
1. Master budget: it is an integrated set of operating and financing budgets for a period of time.
2. Production budget: it estimates the number of units to be manufactured to meet sales and inventory levels.
3. Flexible budget: it shows expected results at several activity levels.
4. Sales budget: it begins by estimating the quantity of sales.
5. Static budget: it shows expected results at only one activity level.
A budget can be defined as a financial plan that is used for the estimation of revenue and expenditures of an individual, organization or government, especially for a specified period of time, often one (1) year.
Basically, there are different types of budget and this include:
1. Master budget: it comprises an integrated set of both investing, operating and financing budgets for a specified period of time, often one (1) year.
2. Production budget: it estimates the number of units to be manufactured by a business firm, so as to meet budgeted sales and inventory levels.
3. Flexible budget: it shows expected results of a business firm (responsibility center) at several activity levels.
It is also referred to as variable budget and it's used both before and after a period's activities are completed.4. Sales budget: it begins by estimating the quantity of sales.
Once the quantity of sales are estimated, the sales revenue that are expected is calculated by multiplying the expected unit sales price by the volume.5. Static budget: it shows expected results of a business firm (responsibility center) at only one activity level.
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Conciliation differs from arbitration in that:________.
a. the conciliator is a neutral third party.
b. the conciliator's goal is to provide a solution to the dispute.
c. the conciliator's solution is legally binding on both the union and management.
d. the conciliator is a member of the union or of management.
e. the conciliator has no formal power over union representatives or management.
Answer:
I think answer is a.the concilliator is a neutral third party
Ming made a car insurance payment of $122. 50. He’ll use the check register to record his transaction. What will be his new balance? An account statement has a balance of 802 dollars and 10 cents. $.
Based on the information given the new balance is $679.60.
Using the formula
New balance=Account statement balance-Insurance payment
Where:
Account statement balance=$802.10
Insurance payment=$122.50
Let plug in the formula
New balance=$802.10-$122.50
New balance=$679.60
Inconclusion the new balance is $679.60.
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A wholesale lending arrangement that permits a mortgage broker to originate, close, and fund a loan using a warehouse line of credit is called:
Answer:
table funding
Explanation:
Which term accurately describes Melanie, who was born in the United States and is currently working in Italy for a company headquartered in China
A third-country national serves as term that is utilized in description of Melanie, that is been given birth to, in the United States but Working in another country like China.
What is third-country national?
This serves as term to describe an individual that is doesn't belong to a citizen of a country such as United States but is is been assigned a duty.
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Under the current managed float exchange rate regime; countries with surpluses in their balance of payments frequently do not want to see their currencies appreciate because it makes their goods ________ expensive abroad and foreign goods ________ in their countries.
The country will not want their currencies to appreciate because it makes their goods expensive abroad and foreign goods be cheaper in their countries.
The floating exchange rate system is a system where currency price on forex market is based on supply and demand of other currencies therein.
Countries with surpluses in their balance of payments usually have a favorable currency because they exports more than it imports.Hence, the country will not want to see their currencies appreciate because it makes their goods expensive abroad and foreign goods be cheaper in their countries.
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Kane manages a used bookstore. He reads a report advising him to stock
more encyclopedias. However, the report is mistaken; customers in Kane's
town hardly ever buy encyclopedias. What problem could this mistake cause?
A. The report could be difficult for Kane to understand.
O B. The bookstore could run out of inventory.
C. The bookstore's reputation could be damaged.
D. The bookstore could lose money if customers buy less than
expected.
SBSM
Answer:
I would say that the answer is D. If he knows that people don't buy encyclopedia's, yet he stocks them, the store could lose money because no one would buy it.
Explanation:
Hope this helps. :D
The bookstore could lose money if customers buy less than expected, is the problem Kane would face by this mistake. Thus, option D is correct.
What is encyclopedia?Throughout its lengthy history, the definition of the word "encyclopedia" has undergone significant alteration. Most people today imagine an encyclopedia to be a multivolume compilation of all knowledge, complete with maps, a thorough index, and a variety of ancillary materials like bibliographies, illustrations, lists of abbreviations and foreign words, gazetteers, etc.
They assume that it will contain biographies of important people from the past and the present, and that the alphabetically arranged contents will have been written in their own language by a large number of people and edited by a highly qualified and scholarly staff; however, none of these components have remained constant over time.
Therefore, we can conclude that option D is correct.
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