You are shopping for a new car. You find the perfect vehicle and are now applying for a loan from your local bank. Unfortunately, the bank rejects your application. You are surprised, because you have always paid your bills on time. You decide to examine your credit report. You discover that the credit agency is wrongly reporting that you are delinquent on a credit card bill. You have asked the agency to remove the inaccurate entry, but it has failed to do so. What liability does the credit agency face for its incorrect reporting

Answers

Answer 1

The liability faced by the credit agency for its incorrect reporting of your credit history is C. Your actual damages, plus an additional amount not to exceed $1,000, plus attorney’s fees.

Under the Fair Credit Reporting Act, your damages are not $5,000 only. It is also not actual damages plus or $3,000 plus the attorney's fees.

Thus, you can sue for actual damages, an additional amount not exceeding $1,000, plus your attorney's fees.

Answer Options:

A. $5,0000 only.

B. Your actual damages, plus an additional amount not to exceed $5,000.

C. Your actual damages, plus an additional amount not to exceed $1,000, plus attorney’s fees.

D. $3,000, plus attorney’s fees.

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Related Questions

define rent-seeking and show how it is related to elasticity​

Answers

Answer:

What Is Rent Seeking?

Rent seeking (or rent-seeking) is an economic concept that occurs when an entity seeks to gain added wealth without any reciprocal contribution of productivity. Typically, it revolves around government-funded social services and social service programs.

Key takeaways

Rent seeking is an economic concept that occurs when an entity seeks to gain wealth without any reciprocal contribution of productivity.The term rent in rent seeking is based on the economic definition of “rent,” which is defined as economic wealth obtained through shrewd or potentially manipulative use of resources.An example of rent seeking is when a company lobbies the government for grants, subsidies, or tariff protection.Rent seeking comes in many forms from lobbying or donating funds.For example, if you donate money but write it off on your taxes, it could be considered a form of rent seeking.

 

How much would you need to deposit in an account now in order to have $6000 in the account in 15 years

Answers

Answer:

$400

Explanation:

So we know that is 15 years you will have $6000

so $6000 divided by 15 years.This will bring you how much money you have to deposit each year..

6000/15

400

so..

you will have to deposit $400 every year in 15 years.

Find the tax on a home if the assessed value is $24,375 and the tax rate is $43.97 per $1,000

Answers

Answer:

1071.76875

Explanation:

24,375/1000=24.375

24.375x43.97=1071.76875

I dont know a thing about buisness but I like math so I hope this is correct

Knapp Industries began business on January 1, 2018 by issuing all of its 1,550,000 authorized shares of its $1 par value common stock for $30 per share. On June 30, Knapp declared a cash dividend of $1.25 per share to stockholders of record on July 31. Knapp paid the cash dividend on August 30. On November 1, Knapp reacquired 310,000 of its own shares of stock for $35 per share. On December 22, Knapp resold 155,000 of these shares for $41 per share.

Required:
a. Prepare all of the necessary journal entries to record the events described above.
b. Prepare the stockholders' equity section of the balance sheet as of December 31, 2018 assuming that the net income for the year was $8,000,000

Answers


Journal Entries- Knapp
Date Accoutn Tittle Debit Credit
1-Jan Cash (1550000*35) $54,250,000.00
Common Stock (1550000*1) $1,550,000.00
Additional Paid in Capital - CommonS tock $52,700,000.00
30-Jun Retained Earning $1,937,500.00
Dividend Payable ( 1.25*1550000) $1,937,500.00
30-Aug Dividend Payable $1,937,500.00
Cash $1,937,500.00
1-Nov Treasury Stock $10,850,000.00
Cash (310000*35) $10,850,000.00
22-Dec Cash (155000*41) $6,355,000.00
Treasury Stock (155000*35) $5,425,000.00
Additional Paid in Capital - Treasury Stock $930,000.00
Stockholder Equity Section
Common Stock $1,550,000.00
Additional Paid in Capital - CommonS tock $52,700,000.00
Additional Paid in Capital - Treasury Stock $930,000.00
Retained Earning (8000000-1937500) $6,062,500.00
Less: Treasury Stock (10850000-5425000) -$5,425,000.00
Total Stockholder Equity $55,817,500.00

Grand Thornton's print ad states, "If you have a passion for accounting and want to work with others who share that passion, you might be interested in the Grant Thornton accounting firm." This ad is an example of

Answers

The printed ads of Grand Thornton is an example of corporate image advertising.

Basically, a corporate image advertising is a form of advertisement done when the firm promotes itself in order to

portray positive perceptionincrease its brand awarenessappear relevant.

In conclusion, the printed ads of Grand Thornton is an example of corporate image advertising.

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You are considering purchasing an office building for $2,500,000. You expect the potential gross income (PGI) in the first year to be $450,000; vacancy and collection losses to be 9 percent of PGI; and operating expenses and capital expenditures to be 38 percent and 4 percent, respectively, of effective gross income (EGI). What is the implied first-year overall capitalization rate

Answers

Based on the information given the implied first-year overall capitalization rate is 9.50%.

Vacancy and collection losses = 9% of  PGI

Vacancy and collection losses =$450,000×9%     Vacancy and collection losses=$40,500

Effective gross income (EGI)= PGI - vacancy and collection losses

Effective gross income (EGI)= 450,000 - 40,500

Effective gross income (EGI)=$409,500

Operating expenses= 38% of EGI

Operating expenses= 0.38 × 409,500

Operating expenses=$155,610

Net operating Income(NOI)= EGI - Operating expenses

Net operating Income(NOI)=$409,500 - $155,610

Net operating Income(NOI)= $253,890

Capital expenditure= 4% of EGI

Capital expenditure= 409,500×4%

Capital expenditure= $16,380

Adjusted Net Operating Income=Net operating Income - Capital expenditure

Adjusted Net Operating Income=$253,890 - $16,380

Adjusted Net Operating Income=$237,510

Implied overall capitalization rate = Adjusted Net operating income ÷ Value of property

Implied overall capitalization rate=$237,510 ÷$2,500,000

Implied overall capitalization rate=9.50%

Inconclusion the implied first-year overall capitalization rate is 9.50%.

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HELP

Supply curves shift to the right when a product can be made more cheaply and sold at a similar or higher cost. which of the following will cause this?

Answers

Answer:

A. A material price increase.

Carry learning!

Stay safe!

Study hard!

A surplus of 500 units will occur when the price is rev: 05_07_2018 Multiple Choice $30 per unit. $20 per unit. $15 per unit. $10 per unit. g

Answers

Economic surplus simply refers to gains that is benefited by a consumer or producer within an economic activity.

Your information is incomplete. Therefore, an overview of surplus will be given. Economic surplus is also known as the total welfare.

It's simply the extra benefit gotten in a transaction. It's typically the area above the equilibrium price of the good. It's also below the demand curve.

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Hayleah is a california cpa practicing in california. to renew her license in active status, hayleah must to meet the basic requirement of completing 80 hours of qualifying continuing professional education in the two-year period immediately preceding her license expiration. Her license expires on june 30, 20x7. Which of the following are specific requirements regarding continuing education that hayleah may or may not be covered by depending on the type of work that she performs?
A) Fraud continuing education requirement
B) Government auditing continuing education requirement
C) Accounting and auditing continuing education requirement
D) Hayleah may take all of her 80 hour requirement in any subjects that she chooses.
E) All of the above.Hayleah may take all of her 80 hour requirement in any subjects that she chooses

Answers

When performing work, there are specific requirements depending on which work Hayleah performs and these are B) Government auditing continuing education requirement

When dealing with governmental accounting:

There are certain rules that must be followed.The specific rules imposed are to ensure better management of tax payer funds.

As a result, when a California CPA is involved in governmental work, specific rules known as the government auditing continuing education requirements will most likely apply.

In conclusion, option B is correct.

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which ethical principle reflects the idea that everyone is granted a moral norm of society

Answers

Individual right is the ethical principle that reflects the idea that everyone is granted a moral norm of society.

The three distinct types of ethical principles are:

UtilitarianismIndividual rights Distributive justice

Individual rights show the belief that everyone has entitlements that let him/her act in a certain way.

The individual rights principle includes more than legal rights; it also includes human rights that everyone is granted as a moral norm of society

Some of the individual rights are:

Freedom of movement,Physical security Freedom of speechFair trialFreedom from torture.

Therefore, the ethical principle that reflects the idea that everyone is granted a moral norm of society is Individual right.

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the process by which companies get new customers, keep the customers they already have, and grow the bussiness by increasing their share of customers purchases is referred to as

Answers

Buisnesses and organisations are able to attract and retain valuable customers due to Customer relationship management (CRM)

Customer relationship management (CRM) is a process in which an organisation uses based on principles and guidelines to efficiently interact and cater to its customers.

Typically with the use of technology of CRM systems such as data analysis, Businesses are able to study and compile large and different amounts of information of their target customers.

This will enable them to effectively cater to their needs leading to improved sales yields and retainment of customers.  

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Product DGH has a monthly demand of 5,000 units. Its contribution margin is $18 per unit and $36 per direct labor hour. Product RBG has a monthly demand of 4,000 units. It's contribution margin is $15 per unit and $60 per direct labor hour. If the company only has 1,500 direct labor hours available, the company should produce _______________ units of Product DGH _____________ and units of Product RBG.

Answers

A) 1,000

The remaining 500 hours can be used to make 1,000 units of DGH (36/18 = 2 units per hour X 500 hours left of the 1,500

B) 4,000

RBG has the highest CM per hour and requires 1,000 hours to meet demand. (60/15 = 4) 4,000/4 = 1,000 1,500-1,000 = 500

Which business policy would most likely help a single parent family?

Answers

Work in restaurant like Mac and bohari

Following year five, you estimate that CCM's free cash flows will grow at 5% per year and that CCM's weighted average cost of capital is 13%. If CCM has $200 million of debt and 8 million shares of stock outstanding, then the share price for CCM is closest to:

Answers

The Share Price is $24.45 per share.

FCF = [FCF1 / (1 + r)] + [FCF2 / (1 + r)^2] + [FCF3 / (1 + r)^3] + [FCF4 / (1 + r)^4] + [FCF5 / (1 + r)^5] + [{FCF5 * (1 + g)} / {(r - g)*(1 + r)^5}]

FCF = [25 / (1 + 0.13)] + [28 / (1 + 0.13)^2] + [32 / (1 + 0.13)^3] + [37 / (1 + 0.13)^4] + [40 / (1 + 0.13)^5] + [{40 * (1 + 0.05)} / {(0.13 - 0.05) * (1 + 0.13)^5}]

FCF = 22.13 + 21.93 + 22.18 + 22.69 + 21.71 + 284.95

FCF = $395.58 million

Value of Equity = Value of Firm - Value of Debt

Value of Equity = $395.58 million - $200 million

Value of Equity = $195.58 million

Share Price = Value of Equity / No. of shares outstanding

Share Price = $195.58 million / 8 million

Share Price = $24.45 per share

Thus, the Share Price is $24.45 per share.

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A project manager is overseeing a complex custom CSM solution that has rigorous quality standards and tight schedule constraints. Since the project manager is working in a weak matrix environment, none of the resources are reporting to her functionally. She also does not have either the power or the budget to reward the team members to encourage and motivate them for their performance and contribution to the project. What kind of power should the project manager try to use in this type of situation

Answers

The kind of power that the project manager should try to use in this type of situation is an: expert power.

A project manager refers to an individual who is saddled with the responsibility of planning, controlling, maintaining, and managing a group of people (team members) that are working under him or her, especially for the execution of a project.

In Project management, a project manager has different kinds of power and these include:

Referent powerReward powerCoercive (penalty) powerFormal (legitimate) PowerExpert power

Expert power is one of the most effective kinds of power and it is typically possessed by a project manager that is a professional (expert) in a particular subject, field or project.

Since the project manager is working in a weak-matrix organizational environment and has no power or budget to reward her team members,  she should use her expert power to oversee the complex custom CSM solution project.

In conclusion, the kind of power that the project manager should try to use in this type of situation is an expert power.

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responsible for the overall performance of an organization or one of its
major self-contained subunits or divisions.*
General Manager
Functional Manager
Front-line Manager
СЕО

Answers

It is functional manager

What type of business organization generates the most total sales? General partnership Corporation Sole proprietorship O Partnership O Cooperative Previous? ​

Answers

Answer:

d

Explanation:

The Corporation business organization generates the most total sales. Option B is correct

What is a  Corporation

Corporations generally generate the most total sales due to their scale and reach. They have the ability to raise funds publicly through the sale of stocks, which allows them to grow and expand more quickly than other types of business organizations.

In addition, corporations are typically larger in size and have greater resources, allowing them to generate higher sales volumes. They often operate across multiple markets and regions, both domestically and internationally, further contributing to their high total sales.

Hence option B corporation generates the most total sales

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#SPJ6

True or false?

Brad is not a huge fan of kids but loves to work with animals. The Early Childhood Development pathway of the Human Services cluster would be a good fit for Brad.

Question 15 options:

True


False

Answers

False because it said he wasn’t a big fan of kids

Help help help help help help help help

Answers

Answer:

Taxes

Explanation:

Answer:

answer is services. C one option

With all other economic forces held constant, an increase in labor productivity throughout the country implies
(1 point)
an increase in GDP due to an increase in labor hours
a decrease in GDP with labor hours held constant
an increase in GDP with labor hours held constant
a decrease in GDP due to an increase in labor hours

Answers

When there is an increase in labor productivity, we observe that there is an increase in GDP with labor hours held constant.

Labor productivity:

Is goods produced by labor within a certain period of time Increases when more goods are produced in that period

Labor productivity therefore relates to goods being produced when the labor hours are kept constant. An increase in labor productivity is good for GDP because it means that more goods are being produced.

In conclusion, increased labor productivity means increased GDP at constant labor hours.

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Here y'all!

1. an increase in GDP with labor hours held constant

2. A graphic designer attends a week-long seminar and learns advanced skills she can apply to her work.

3. the discovery of a way to improve software speed that increases employee productivity

4. discovering an inexpensive way to make steel

5. false since technological improvements can lead to certain jobs becoming obsolete

Your welcome ;)

Which of the following is one way business can be categorized ? A. By width B. By product C. By salary D. By demographic

Answers

Answer:

D; by demographic

demographic because of the society

3. Evaluate a couple of local organizations (preferably your employer organization and another organization of your choice) in terms of its emphasis on the strategic operations objectives: cost, quality, delivery, speed and flexibility. Are all departments focused on the same objectives? What are the order winners and the order qualifiers?

Answers

It should be noted that the objectives of companies aren't thesame but rather, they're different.

The objectives of a company simply means the goals that a company wants to achieve. The objectives of companies aren't thesame but rather, they're different.

Companies focus in different objectives such as cost minimization, profit maximization, quality improvement, etc.

It should be noted that the order winners can be quality and cost while for the order qualifiers, this can be delivery and flexibility.

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How old does a senator have to be?

Answers

Answer:

Article 58.- To be a senator, the same requirements are required as to be a deputy, except age, which will be 25 years old on the day of the election.

Explanation:

and i'm mexican

to be a senate you have to be at least thirty years old

A shop sells 20 hats per week at $10 each. When it increases the price to $12, the number of hats sold falls to 15 per week. We can conclude that: The elasticity of demand can be estimated as Answer

Answers

Answer:

Estimated as Elastic Demand

Explanation:

Elastic demand is where a change in price causes a significant change in demand, therefore 20 hats to 15 hats can be considered significant and we can conclude that it's elastic demand.

what you might say about each of the following cabins on this cruise liner: interior cabin, ocean-view cabin, balcony cabin, and suite. Keep in mind you want your description to remain neutral and pique guests interests while still remaining honest.

Answers

The question is about the description of different cabins of cruise liner. Following is the description of each cabin,

Interior cabin : An interior cabin is the area of a cruise which has no window. On this cabin visitors can rest and enjoy the peace. There are luxury and relaxing sofas to relax and comfortable bed to have sound sleep.

Ocean view cabin : An Ocean view cabin is outside cabin which has window to look at the sea. It has luxury couch to sit and enjoy the pleasant view of the ocean.

Balcony Cabin : It is room of a cruise which has separate balcony attached to the room. However the balcony is small in size and there is space of only two chairs but the experience of viewing the ocean from it is unforgettable.

Guest can sit and enjoy their drinks while having beautiful view of ocean waves along with sea breeze.

Suite : This is largest room of the cruise and guests can experience special luxury perks in this room. The suite is a large room of the cruise which has separate lounge and sometimes separate swimming pool too.

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Free if I am voted brainiest and like!
Next time will be Moree than 50.... :)

Answers

Answer:

huh?

what?

is this fReEeE?

Dan and Lori Cole operated a Curves franchise exercise facility in Angola, Indiana, as a partnership. The firm leased commercial space from Flying Cat, LLC, for a renewable three-year term. The Coles renewed the lease for a second three-year term. Two years later, however, the Coles divorced and the partnership was dissolved. By the end of the second term, the Coles owed Flying Cat more than $21,000 on the lease. Without telling the landlord about the divorce, Lori signed another extension. More rent went unpaid. Flying Cat obtained a judgment in an Indiana state court against the partnership for almost $50,000. Can Dan be held liable? Why or why not?
1. In order to form a partnership, Dan and Lori were required to:____.
A. form an agreement between themselves to become a partnership
B. rewrite bylaws
C. conform to federal regulations
D. file minutes with the appropriate office in their state (e.g., secretary of state)
2. What is an important reason for Dan and Lori to form a partnership?
A. to be taxed at the entity level
B. to be considered a corporation under state law
C. to establish joint ownership and share profits and losses
D. to file articles of organization with the secretary of state.)
3. Dan and Lori are _____.
A. members
B. partners
C. shareholders of the partnership.
4. Limited liability companies are creatures of ___.
A. state constitutions
B. statute
C. case law
D. secondary sources
5. In order to form a limited liability company, Flying Cat would be required to file ____.
A. articles of organization
B. bylaws
C. regulations
D. minutes with the appropriate office in their state (e.g., secretary of state))
6. Generally, are limited liability companies required to include words or initials such as "limited liability company" or "LLC" as part of the company name?
7. What is an important reason for Flying Cat to form as a limited liability company?
A. to be taxed at the entity level
B. to be considered a corporation under state law
C. to protect the members from personal liability
D. to file articles of organization with the secretary of state)
8. Generally, the liability of members of Flying Cat, LLC, would be limited to their respective?
A. ownership interests in the company
B. investments in the company
C. personal assets
9. Did both Dan and Lori operate the Curves franchise as a partnership?
10. When Dan and Lori renewed their commercial lease for a second three-year term, were they still a partnership?
11. Dan and Lori divorced ____.
A. before
B. after the end of the second three-year term.
12. When Lori signed for another extension, did Lori or Dan tell Flying Cat about the divorce?
13. At the time of signing of the extension, it was ___.
A. reasonable
B. unreasonable for Flying Cat to believe that Dan and Lori remained partners in the Curves franchise.
14. A court would likely find Dan ____.
A. liable
B. not liable for $21,000 of debt that accrued before the end of the second term.
15. Would a court likely hold Dan responsible for the remaining debt that accrued after the extension signed by Lori?
16. Why? Flying Cat would have _____.
A. reasonably
B. reasonably believed that both Dan and Lori were partners at the time the extension was signed.
17. Therefore, would Dan likely be held liable by the court for the nearly $50,000 debt the partnership accrued?
18. What if the facts were different? Assume that Dan notified Flying Cat that he was no longer a partner in the partnership at the time Lori signed the extension. Would Dan likely be held liable for any debts after Lori signed the extension agreement?
19. Why? Flying Cat _____.
A. would
B.would not have been reasonably notified that Dan was no longer a partner in the partnership.

Answers

1. Form an agreement between themselves to become a partnership.
2. To establish joint ownership and share profits and losses
3. Partners
4. Statute
5. Articles of organization
6. Yes
7. To protect the members from personal liability
8. Investments in the company
9. Yes
10. Yes
11. Before
12. No
13. Reasonable
14. Liable
15. Yes
16. Reasonabl
17. Yes
18. No
19. Would

1. What is the relationship between employment and education? Explain.​

Answers

Explanation:

I don't know sore

sorry broo plz.

Data warehouses may contain many _____, subsets of a data warehouse that each deal with a single area of data.

Answers

Considering the nature of data analysis, Data warehouses may contain many data marts, subsets of a data warehouse that each deal with a single area of data.

What is Data Mart?

A data mart is generally known to be part of data warehouses. It is used for quick analysis of business segments.

A data mart concentrates on a specific chain of business or department.

One of the advantages of a data mart is to ensure that little or no time is wasted while looking through a whole data warehouse.

Hence, in this case, it is concluded that the correct answer is Data Mart.

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Give 3 sample of best practice, how airline can improve "Cost" efficiency?

Answers

It is called "cost efficiency" to the way in which a company, through specific commercial organization actions, manages to reduce the costs necessary to obtain a certain profit.

Thus, they seek to minimize the costs and operational losses of the company, with the aim of maximizing profits.

In this way, 3 ways in which an airline could increase its cost efficiency are:

fly to places with high demand, reducing presence in not so popular destinations. reduce the time on the ground for each plane, so that it generates money almost constantly. perform optimal maintenance on each plane, to avoid breakages.

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what words from chapter 7 do the tuck family use to explain their immortality??? Is metal defined as an element or as a compound or as a material? IS THIS CORRECT OR NO??? WILL GIVE BRAINLIEST!!Which statement best explains the effectiveness of this introduction paragraph? Over 150 million people use the social media photo application SnapShot. Because this computer application boasts such a high number of users, I believe our school should allow our teachers to use this widely loved photo app in their lessons. A. The introduction is effective because the first sentence helps make the main idea of the essay seem important and fascinating B. The introduction is effective because it establishes credibility by stating the author's intentions C. The introduction is ineffective because it does not clearly explain the author's point of view D. The introduction is ineffective because the background information does not support the main idea Create a scatterplot displaying the data in the table. Be sure to include a linear trend line. (2 points) In a series of five albums called The Art of the Trio, the pianist ____________ brought a powerfully meditative approach to pop standards, jazz, classics, and original pieces. he map shows latitudes and longitudes for the state of North Carolina.Which North Carolina city is located at approximately 36.0 N, 78.9 W? Which expression can be used to approximate the expression below, for all positive numbers a, b, and x, where a Not-equals 1 and b Not-equals 1? log Subscript x Baseline x StartFraction log Subscript b Baseline x Over log Subscript b Baseline a EndFraction StartFraction log Subscript b Baseline a Over log Subscript b Baseline x EndFraction StartFraction log Subscript a Baseline b Over log Subscript x Baseline b EndFraction StartFraction log Subscript a Baseline x Over log Subscript b Baseline x EndFraction. A tree cast a shadow 21 meters long The angle of elevation for the sun is 51 degrees What is the height of the tree? Select the correct answer.A pencil costs $0.25 more than an eraser. If the cost of eight pencils is $6.80, what is the cost of one eraser?A. $1.80B. $0.85C. $0.60D. $0.40E. $0.30 Is oxygen ionic or molecular what was the population of santa claus indiana in 2010 Individuals who have diseases that result in the malabsorption of ________ are at risk for a vitamin D deficiency. A 300 g ball swings in a vertical circle at the end of a 1.3-m-long string. When the ball is at the bottom of the circle, the tension in the string is 13 N.What is the speed of the ball at that point? Ida is constantly looking for love and acceptance from friends and lovers. She has a strong drive to seek these things out due to her basic anxiety which resulted from inadequate parenting during early childhood. Horney would call Ida's approach: A jet can carry up to 200,000 liters of fuel.it used 130,000 liters of fuel during a flight. What percentage of the fuel capacity did it use on this flight if the discriminant is negative how many solutions are there Jenny's great grandmother is 95 years old.Jenny is 12 years old.What percent of Jenny's great grandmother's age is Jenny's age?Hurry! Worth a lot of points! which new state was created as a direct result of the civil war? When you first purchase a notebook, make sure you have a ____ CD containing the installed OS so you can recover from a failed hard drive.