Payday loans provide a manner to address sudden activities and month‐to‐month earnings volatility, which impacts greater than a 3rd of American families with earning below $50,000.
The required details for Payday loans in given paragraph
A payday mortgage is a short-time period unsecured mortgage, regularly characterized through excessive hobby rates. The time period "payday" in payday mortgage refers to while a borrower writes a postdated take a look at to the lender for the payday salary, however gets a part of that payday sum in on the spot coins from the lender. However, in not unusual place parlance, the idea additionally applies irrespective of whether or not compensation of loans is related to a borrower's payday. The loans also are on occasion mentioned as "coins advances", a leven though that time period also can check with coins furnished in opposition to a prearranged line of credit score inclusive of a credit score card.
Legislation concerning payday loans varies extensively among extraordinary countries, and in federal systems, among extraordinary states or provinces.
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g if two countries, a and b, have identical levels of capital per capita today but a consistently grows faster than b over the next two decades, we can infer that a) a has a higher saving rate than b. b) a has a lower population growth rate than b. c) both a) and b). d) cannot tell.
The country A has a higher saving rate than B and the option is (A). It is because country A consistently grows faster than b.
Savings generally can be described as a money that we set aside for the future, and we can take it at any time. Bank is the most commonly used savings account. Banks also generally can be described as the places we most often use to deposit our money, besides being safe it is also practical because there is no need to take care of or provide a special place for our money. Bank offered many conveniences for prospective customers. The abillty to withdraw cash independently through ATM machines scattered everywhere is one of the one of the conveniences that given by Bank.
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jessica's boutique has cash of $225, accounts receivable of $457, accounts payable of $398, and inventory of $647. what is the value of the quick ratio? a) .55 b) 1.05 c) 1.71 d) 1.32 e) 1.52
jessica's boutique has cash of $225, accounts receivable of $457, accounts payable of $398, and inventory of $647. the value of the quick ratio is 1.71
Cash = $225, accounts receivable = $457, accounts payable = $398
Quick ratio = cash + accounts receivable/ accounts payable
= 225 + 457/ 398
= 1.71
The quick ratio commonly referred to as the acid-test ratio, is a sort of liquidity ratio used in finance that gauges a company's capacity to use its near-cash or quick assets to rapidly pay off or retire its current liabilities.
A company's most liquid assets, such as cash, cash equivalents, marketable securities, and accounts receivable, are divided by all of its current liabilities to arrive at the quick ratio.
The quick ratio gauges how rapidly a business can turn over liquid assets into cash to cover short-term liabilities. A favorable quick ratio might reveal a company's resilience to unforeseen circumstances or other situations that result in transient cash flow issues.
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__________ values and norms are exhibited by employees based on their observations of what actually goes on in the organization.
Enacted values and norms are exhibited by employees based on their observations of what actually goes on in the organization.
Enacted values are the standards and conventions that a business and its personnel really uphold on a regular basis. Usually, they deviate a little from professed principles. Employees may find it difficult to understand and frustrating when there is a significant gap between stated and practiced ideals.
An organization's culture is made up of its members (workers') shared ideals, customs, and artifacts, all of which have an impact on employees and guide behavior. The fundamental tenets of corporate culture are referred to as company values and norms, or occasionally moral values and standards. There is some understanding of corporate culture represented by these unwritten norms and standards of conduct.
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identify the circumstances under which a cpa can disclose confidential information without client permission. (select all that apply.) question content area bottom part 1 a. under pcaob rules, an auditor can provide confidential information to shareholders without client permission if the client is an sec client. b. participation in peer review. c. subpoena or summons or compliance with laws and regulations. d. an auditor must provide all information (including confidential) to any audit firm that becomes the new auditors of a client to ensure continuity of the audit procedures. e. an auditor can share confidential information with any other professional firm the client does business dealings with, even if that firm is not engaged in services that require the audit papers. f. response to aicpa ethics division. g. obligations related to technical standards. h. there are no circumstances under which a cpa can disclose confidential information without client permission.
B,C,F,G are the options where certified public accountant (cpa) can disclose confidential information without client permission.
Members who practise public law should not divulge private client information. without the client's permission. The four confidentiality exceptions prerequisites are: Technical Standard Requirements, Subpoena, Summons, Compliance with Laws and Regulations, Peer Review Participation, and Response to AICPA Ethics Division.
Professionals in accounting who hold a licence are given the title of "certified public accountant" (CPA). Each state's Board of Accountancy issues the CPA licence. Resources for getting the licence are available from the American Institute of Certified Public Accountants (AICPA). In the accounting sector, the CPA designation aids in upholding professional standards.
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if a taxpayer places only one asset (a building) in service during the fourth quarter of the year, the mid-quarter convention must be used. group starts
False, all real property is depreciated using the mid-month convention.
Tax is a mandatory contribution to the state that is owed by an individual or entity that is coercive in nature based on the law, with no direct compensation and is used for the needs of the state for the greatest prosperity of the people. Meanwhile, individuals or entities, including taxpayers, tax cutters and tax collectors, have tax rights and obligations in accordance with the provisions of tax laws and regulations. Taxes are one of the means in the distribution of income from the source of state development funds or the income of citizens.
So, in addition to indirect reciprocal services, tax collection is carried out based on legal norms and is coercive so that refusal to pay taxes or avoid them is generally a violation of the law.
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the dodd-frank wall street reform and consumer protection act was passed in response to wall street's ethical lapses and abusive financial services practices.
The Dodd-Frank Wall Street Reform and Consumer Protection Act was passed in response to Wall Street's ethical lapses and abusive financial services practices: True.
What is CFPB?CFPB is acronym for Consumer Financial Protection Bureau and it can be defined as an independent agency of the government of the United States of America that was founded on the 21st of July, 2011.
Based on historical information and records, the Consumer Financial Protection Bureau (CFPB) was established on the 17th of September, 2010 by President Barrack Obama, as a result of the Dodd-Frank Act, under Title X which connotes the Consumer Financial Protection Act of 2010.
In this context, we can reasonably infer and logically deduce that the ethical lapses and abusive financial services practices of Wall Street resulted in the establishment of Dodd-Frank Wall Street Reform and Consumer Protection Act.
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Complete Question:
The Dodd-Frank Wall Street Reform and Consumer Protection Act was passed in response to Wall Street's ethical lapses and abusive financial services practices. True or False
34) coca-cola implemented enterprise software from oracle that enabled it to achieve all of the following except: a) standardizing business processes worldwide. b) improving its bargaining power with suppliers. c) reacting faster to market changes. d) reducing the number of employees. e) reducing the cost of raw materials.
With the exception of reducing the number of employees, Coca-Cola was able to accomplish all of the following after using enterprise software from Oracle.
Which of the following helps a business to create product demand projections and source and manufacture strategies for that product?A company can create demand projections for a product using a supply chain planning system, and can then establish sourcing and manufacturing strategies for that product.
Which business operations are supported by enterprise systems, and what examples can you provide?Accounts payable, general ledger, cash management, forecasting, payroll, time management, inventory management, product pricing, billing, and other business activities are just a few examples of those provided by ERP software.
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in the late 1970's quality took a strategic turn from a approach--correcting defects before delivery--to a approach--preventing mistakes from occurring.
In the late 1970's Quality took a strategic turn from a reactive approach-correcting defects before delivery-to a proactive approach- preventing mistakes from occurring
This is further explained below.
What is a reactive approach?Generally, The reactive strategy addresses the difficulties as soon as they become apparent or are facing, without making proper plans on how to, what to, when to, or to whom to report them.
Taking a reactive stance is not an effective plan and should ideally not even be considered a strategy.
In conclusion, In the late 1970s, quality management made a strategic shift from a reactive strategy, in which faults were fixed just before to delivery, to a proactive one, in which errors were prevented from ever happening.
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an economy recovering from a recession moves group of answer choices up from its peak to a period of expansion. up from its trough to a period of expansion. down from its trough to a period of depression. down from its peak to a period of expansion. g
In a recession, the economy is contracting and economic activity slows. The unemployment rate will rise and the inflation rate will fall. The opposite of a recession is an expansion, during which the economy is growing and economic activity is increasing.
What is economy?
An economy is a region where goods and services are produced, distributed, traded, and consumed. It is generally understood to be a social domain that places an emphasis on the behaviours, discourses, and material manifestations connected to the creation, utilisation, and management of finite resources. One's culture, values, education, technological advancement, history, social organisation, political structure, legal system, and natural resources are all major determinants of an economy's processes. These elements set the parameters and conditions under which an economy operates in addition to providing context and content. In other words, this same economic domain is indeed a social domain made up of connected human behaviours and exchanges that cannot exist independently.
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a firm’s commitments in 2011 include machinery that will need replacement in five years, a factory building rented for 12 years, and a three-year union contract specifying how many workers it must employ. when, from it’s point of view in 2011, does the firm’s long run begin?
The firm's long run commences when all its factors become variable. See further explanation below.
What does a firm's long run begin?It is to be noted that a firm's Long run begins when the company has been in operation long enough for all its plants to require replacement and current contractual commitments be expired.
Given that the longest contractual commitment is in 12 years - the factory building renewed for 12 years, then its long run starts at the 13th year of operation which would be in 2023.
Note that the short run on the other hand any time period before the long run kicks in.
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in reviewing his company's operations, a risk manager noticed that all of the company's finished goods were stored in a single warehouse in newton, ma. the risk manager, joe smith, recommended that the finished goods be divided among four warehouses to prevent all of the finished goods from being destroyed by the same peril. dividing the finished goods among four warehouses illustrates
Dividing the finished goods among four warehouses illustrates a separation.
A warehouse can be described as a large building where raw materials or manufactured goods may be stored prior to their distribution for sale. Warehouses are used by manufacturers, wholesalers, transport businesses, importers, exporters, customs, etc. Warehouses are used by all different types of businesses that need to temporarily store products in bulk before either shipping them to individually to end consumers or to other locations. Warehouse separation nets make it possible to create a spatial separation between zones where working and movement of people is allowed and storage areas.
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A salesperson says to a customer, "the battery on this leaf blower will last for one hour of use. " may the customer sue on an express warranty if the leaf blower dies after 30 minutes of use?.
If a salesperson says to a customer, "the battery on this leaf blower will last for one hour of use. " may the customer sue on an express warranty if the leaf blower dies after 30 minutes of use; Yes.
What is express warranty?An express warranty can be defined as a type of warranty that gives a buyer the assurance that the goods or product bought from a buyer is of good qualities.
Based on the scenario the customer can sue the sales person because the salesperson gave the buyer the assurance that the leaf blower battery will last for an one in which the reverse is the case as the battery only lasted for 30 minutes.
An express warranty can be inform of writing and can as well be inform of statement a buyer verbally given to the buyer at the time of the sale.
Therefore the customer can sue the sales person .
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An operating cycle is the length of time it takes to convert inventory to accounts receivable plus the time it takes to convert the account receivable back to cash. This statement is.
An operating cycle is the amount of time it requires to convert inventory to accounts receivable plus the time it requires to convert the account receivable back to cash. This statement is true.
An operating cycle refers to the length of time taken by a company to receive inventory, sell the inventory, and collect the cash when the inventory is sold. This means that an operating cycle is a measurement that calculates the amount of time taken by a company to convert its inventories into cash from eventual sales.
The operating cycle plays a fundamental role in determining the efficiency of a company or business. It is because the operating cycle provides a view for the company to analyze the length of its operating cycle. If it is long, the company can reduce it by selling its inventories quickly.
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established in 1776, adam smith stated in this theory that countries should specialize in the production of goods and services for which they can produce most efficiently and then trade these for goods produced by other countries.
Adam Smith's theory that stated about countries should specialize in the production of goods and services for which they can produce most efficiently and then trade these for goods produced by other countries is called as Absolute Advantage Theory.
The absolute advantage concept was developed by Adam Smith in The Wealth of Nations to show how countries can gain by exporting the goods that they produce more efficiently than other countries and specializing in producing and by importing goods that other countries produce more efficiently. The Scottish economist Adam Smith first described the principle of absolute advantage using labor as the only input in the context of international trade in 1776.
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You were 50 days late in paying your credit card bill. How many years will this mistake stay on your credit history?.
If a person is 50 days late in in paying his/her credit card bills in that case, this mistake will be staying in credit card history for 7 years from the date of delinquency.
A credit card is a type of payment card that is issued to customers (cardholders) to allow them to reimburse a retailer for products and services according to the amount of debt they have incurred. The credit card issuer (often a bank or credit union) establishes a revolving account and offers the cardholders with a credit line from which they can draw funds to pay for transactions or receive a cash advance.
Seven years following the initial date of the default, missed payments continue to appear on your credit card history. Although if you pay previous debts, the late payment will not be removed from your credit record for 7 years.
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Why would South Africa’s import value be higher than export value
South Africa exports of items and services as proportion of GDP is 30.47% and imports of items and services as proportion of GDP is 25.53%.
Why import is greater than export?A weaker domestic currency stimulates exports and makes imports more expensive; conversely, a sturdy home forex hampers exports and makes imports cheaper. Higher inflation can also influence exports via having a direct have an effect on on input fees such as materials and labor.
Imports become extra expensive. Exports and AD make bigger causing demand-pull inflation.
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https://brainly.com/question/27899202#SPJ13teresa buys a franchise from urgent care clinics, llc. if their agreement is like most franchise agreements, it will specify that urgent can terminate the franchise
Based on the statement above, if their agreement is like most franchise agreements, it will specify that urgent can terminate the franchise for cause only.
A franchise can be described as a method of distributing products or services involving a franchisor, who establishes the brand’s trademark or trade name and a business system, and often an initial fee for the right to do business under the franchisor's name and system and a franchisee, who pays a royalty.
The franchise agreement can be described as an essentially a legal document between the franchisor and you (the franchisee). It is a legal binding agreement. Franchise agreement explains in detail what the franchisor expects from you, as a franchisee, in the way you operate every facet of the business.
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your company experiences fluctuations in traffic patterns due to your e-commerce website support of flash sales. what feature can help your company dynamically match the required compute capacity to the spike in traffic during flash sales events?
Auto scaling feature can help your company to match the required compute capacity to spike in traffic during flash sales events.
Auto Scaling :Auto Scaling helps maintain operation vacuity and allows associations to scale Amazon Elastic figure Cloud( Amazon EC2) capacity up or down automatically according to conditions defined for the particular workload. Not only can it be used to help insure that the asked number of Amazon EC2 cases are running, but it also allows fund to measure in and out to match the demands of dynamic workloads. Amazon Glacier, Amazon SNS, and Amazon VPC don't give services to scale figure capacity automatically.
Why do we use Auto Scaling?AWS Auto Scaling lets you make scaling plans that automate how groups of different coffers respond to changes in demand. You can optimize vacuity, costs, or a balance of both. AWS Auto Scaling automatically creates all of the scaling programs and sets targets for you grounded on your preference.
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aileen lee is ranked among the world's top venture capitalists, but when she invests in a company, she cannot demand more than a. established cash flows. b. what is earned. c. those who have invested debt in the enterprise. d. anticipated future financing.
Aileen Lee is ranked among the world's top venture capitalists, but when she invests in a company, she cannot demand more than established cash flows.
What is company?
A corporation is a business entity created by a group of people to conduct and manage a business enterprise, whether it be commercial or industrial. Depending on the corporate law of the its jurisdiction, a company may be set up in a variety of ways for tax and financial liability reasons. The type of business structure a company chooses, such as a partnership, sole proprietorship, or corporation, will typically depend on the industry it operates in. The ownership structure of a business is also indicated by these structures. Additionally, they can tell private from public companies. Both have different ownership arrangements, laws, and rules regarding financial reporting. A company, also referred to as corporate personhood, is largely an artificial person in that it exists independently of the people who own, direct, and support its business.
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oak township issued the following bonds during the year: bonds to acquire equipment for a vehicle repair service that is accounted for in an internal service fund $3,000,000 bonds to construct a new city hall $8,000,000 bond to improve its water utility, which is accounted for in an enterprise fund $9,000,000 the amount of debt to be reported in the general fund is a. $0 b. $3,000,000 c. $8,000,000 d. $20,000,000
The amount of debt to be reported in general fund will be zero, so correct answer is (a), because general fund is maintained from revenue accruing from taxes, fees, interest and other sources, hence its balance will be zero.
The main fund a governmental agency utilizes is a general fund. All material outflows and inflows which aren't linked to special-purpose funds are monitored in this account. The main managerial and operational duties of the government body are reflected by the expenditures incurred from the general fund. It is essential to maintain supervision over the common fund's spending because of bulk of all assets pass through it.
Here in this case as we know that general fund is maintained from taxes, interest income etc. the bond issued for activities mentioned will not create any debt on general fund therefore, it will have a zero balance.
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in very high dimensional spaces it is most likely that the gradient descent process gives us a local minimum than a saddle point of the cost function. true/false?
In very high dimensional spaces it is most likely that the gradient descent process gives us a local minimum than a saddle point of the cost function----False
What is saddle point in gradient descent?
At x = (0,0), the gradient is{0}, but it is clearly not local minimum as x = (0, \epsilon) has smaller function value. The point (0,0) is known as saddle point of the function.
What do you mean by saddle point?In maths, a saddle point or minimax point is a points on the surface of the graph of a function where the slopes in orthogonal directions is all zero, but which isn't a local extremum of the function.
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investments in gold, silver, and other precious metals threaten the value of currency. lose their value during times of turmoil. serve as a hedge against inflation. have low transaction costs. are more liquid than cash.
Investments in gold, silver, and other precious metals lose their value during times of turmoil.
What do you mean by investments?Economists refer to investment as the production of goods used in the production of other goods. This concept differs from conventional usage, which considers selecting to purchase stocks or bonds as an investment. Usually, investment results from reducing consumption.
Investment is the committing of existing financial assets to greater future returns. It deals with so-called uncertainty domains. This phrase emphasizes the importance of the future and time, two essential elements of investment.
Ownership, credit, cash, or other liquid assets are all examples of investments. These include bonds, certificates of deposit, fixed deposits, and other low-risk assets.
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given the following information, prepare the mps using a fixed order quantity (foq) of 170 and calculate the projected available inventory balances. what is the projected available inventory balance at the end of period 4?
A fixed order quantity of 170 is used to prepare the mps, and the estimated available inventory balances are computed. At the end of period 4, a 47-balance of available inventory is anticipated.
Inventory includes both the raw materials needed in production and the finished commodities that are offered for sale. Since inventory turnover is one of the main means of generating income and, consequently, profits for the firm's shareholders, it is one of the most significant assets a company may have. Raw materials, work-in-progress, and finished goods are the three categories of inventory. On a company's balance sheet, it is listed as a current asset.
Both the raw materials required to make products and the products that are on hand for purchase are included in inventory. On a company's balance sheet, it is categorized as a current asset. Raw materials, work-in-progress, and finished goods are the three categories of inventory.
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which task is considered a step in the marketing research process? multiple choice setting the price for a product planning for product modifications and test advertising defining the question and determining the present situation designing a product to meet the need based on research
Defining the question and determining the present situation is the task to be considered a step in the marketing research process.
Researching your consumers, competition, market environment, and industry is a step in the market research process. You may investigate each of these independently and then combine the findings to acquire a broad understanding of how your company fits in the market.
In general, conducting your own market research is less expensive than getting someone else to do it for you. You may get important information and skills in market research as well as strengthen your ties with your consumers. However, carrying out your own market research may be time-consuming and may require specialized knowledge and abilities in order to get impartial conclusions and suggestions.
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gabby window supply co. sold a window to andy prose on credit; issued sales slip 357 for $800. the entry to record this transaction will include a credit to . multiple choice question. accounts receivable sales cash
Answer (c) is the right choice. Andy Prose purchased a window from Gabby Window Supply Co. on credit; they issued Sales Slip 357 for $800. There will be a credit to sales in the entry to document this transaction.
Is the entry for sales a credit or debit?Sales are recorded as a credit since the journal entry's opposite, which is typically a debit to either the cash or accounts receivable account, is a credit. In essence, the credit raises shareholders' equity while the debit increases one of the asset accounts.
What does it mean to credit sales?When ownership of products and services is transferred to a consumer on a "credit basis," the debt will be paid in full at a later time.
When a business sells any merchandise to a third party on credit, an entry called a sales credit journal entry is made in the company's sales journal. In this instance, the sales account is credited in proportion to the debit to the debtor's account or account receivable account.
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taylor's hardware offers credit at an apr of 14.9 percent and compounds interest monthly. what actual rate of interest are they charging? a) 13.97 percent b) 14.90 percent c) 15.48 percent d) 15.96 percent e) 16.10 percent group of answer choices
Since the nominal interest rate is 14.9% and it is compounded monthly, hence the actual interest rate or the effective annual interest rate is 15.96%
The actual interest rate is the effective annual interest rate, which is calculated using the formula:
EAR = (1 + r/n)ⁿ - 1
Where:
r = APR or annual percentage rate
n = number of periods
Since the interest is compounded monthly, hence, the number of periods is equal to 12.
Therefore,
EAR = (1 + 0.149 / 12)¹² - 1
EAR = 1.1596 - 1
EAR = = 0.1596 = 15.96%
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unlow incorporated must choose between two alternate transactions. transaction 1 would generate $160,000 cash, all of which would be taxable, while transaction 2 would generate $120,000 cash, none of which would be taxable. determine the marginal tax rate at which the after-tax cash flows from the two transactions are equal. multiple choice 25% 30% 20% 15%
Option (a) is the best choice. The after-tax cash flows from the two transactions equal out to 25% of the marginal tax rate.
The marginal tax rate is what.The amount of additional tax paid for each new dollar of income received is known as the marginal tax rate. Total taxes paid divided by total income earned is the average tax rate. With a marginal tax rate of 10%, the tax would be deducted from the following dollar of income at a rate of 10%.
How is the marginal tax rate determined?For each related bracket, the marginal tax rate is calculated as follows: marginal tax rate = tax paid/taxable income. The US progressive marginal tax system consists of seven tax brackets. A range of taxable income figures and related marginal tax rates are present for each.
To arrive to this calculation, we first account for the tax rate:
Tax Rate = [tex]\frac{before tax - after tax}{before tax}[/tex]
Tax rate= [tex]\frac{1,60,000 - 1,20,000}{1,60,000}[/tex]
Tax Rate= 25%
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the dividend growth model can be used to value the stock of firms that pay which type of dividends? i. constant annual dividend ii. annual dividend with a constant increasing rate of growth iii. annual dividend with a constant decreasing rate of growth iv. zero dividend group of answer choices i only ii only ii and iii only i, ii, and iii only i, ii, iii, and iv
Companies that increase their dividend payout. The dividend growth model is used to determine the rate of return or cost of equity needed by shareholders of a company that pays dividends that increase continuously over time.
What is the purpose of the dividend growth model?
The dividend growth model is a mathematical equation that investors can use to calculate a fair value for a company's stock based on its current payout and anticipated future dividend growth.
What model also goes by the name of the dividend growth model?
The Gordon Growth Model, sometimes referred to as the dividend discount model, establishes the market value of a publicly traded stock by adding the present values of all anticipated future dividend payments.
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on june 30, 2024, the esquire company sold merchandise to a customer and accepted a noninterest-bearing note in exchange. the note requires payment of $40,000 on march 31, 2025. the fair value of the merchandise exchanged is $37,600. esquire views the financing component of this contract as significant. required: prepare journal entries to record the sale of merchandise (omit any entry that might be required for the cost of the goods sold), any december 31, 2024 interest accrual, and the march 31, 2025 collection. what is the effective interest rate on the note?
8% is the effective interest rate on the note.
Discount amount = Face value of note *r *n/12
2400 = 40000* r *9/12
2400/40000 = r*9/12
06*12/9 = r
r = .08 or 8%.
An interest rate tells you how high the cost of borrowing is, or high the prices are for saving. So, if you are a borrower, the interest rate is the quantum you're charged for adopting a plutocrat, shown as a chance of the total quantum of the loan.
An interest rate is the quantum of interest due per period, as a proportion of the quantum advanced, deposited, or espoused. The total interest on a quantum advanced or espoused depends on the top sum, the interest rate, the compounding frequency, and the length of time over which it's advanced deposited, or espoused.
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which of the following statements is not correct? a.advocates for drug-interdiction policies that reduce the supply of illegal drugs argue that the demand for illegal drugs may be more responsive in the long run than in the short run. b.the demand for illegal drugs is price inelastic. c.drug interdiction efforts that reduce the supply of illegal drugs may increase drug-related crimes. d.the quantity of illegal drugs demanded is very responsive to changes in price.
Increased drug prices as a result of drug interdiction would result in an increase in total revenue for the illegal drug market due to inelastic demand. Due to the fact that drug users require more resources and money to maintain their addiction, this would result in an increase in drug-related crimes.
Is there an elastic or inelastic demand for illegal drugs?
When demand is relatively elastic, this cost is passed on to the consumer, leading to lower consumption. However, in the case of illegal goods like drugs, where demand appears to be inelastic, higher prices not only result in increased spending overall but also less consumption.
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