73 A customer wants an estimate of closingcosts for the purchase of a $300,000 propertywith a 20% down payment. Although she hasprovided the other five pieces of information, aloan application, per Regulation X, has not beentriggered because she has not yet found aproperty to purchase. Which of the followingresponses best describes what should be done,if anything, according to Regulation Z when awritten cost estimate is given prior to aLoan Estimate?A) Use a fictitious address in order to trigger aloan application so that a Loan Estimate can beprovidedB) Regulation 2 does not allow a creditor toprovide any estimate of costs until a completeloan application has been made by the borrower.C) Provide an estimate with the following in 12-point font: "This is not an Official ConsumerFinancial Protection Board (CFPB) LoanEstimate.*D) I Provide an estimate with the words: "Youractual rate, payment, and costs could be higher.Get an official Loan Estimate before choosing aloan."

Regulation Z, which is part of the Truth in Lending Act, governs the disclosure of terms and costs…

Answered: 73 A customer wants an estimate of…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Percentage Service Provided toDepartment Cost S1 S2 P1 P2Service 1 (S1) $ 112,000 0% 40% 40% 20%Service 2 (S2) 44,000 20 0 40 40Production 1 (P1) 345,000Production 2 (P2) 216,000Total $ 717,000Brief Exercises 7-15 and 7-16 require the following information:7-15 What percentage of S1’s costs is allocated to P1 and to P2 under the direct method?7-16 What percentage of S2’s costs is allocated to P1 and to P2 under the direct method?
1. Appraise the handling of information in mc donals. 2. Identify key factors in matching information system to user requirements
Question 4 (1 point) As buyers are increasingly facing information overload, salespeople should ensure information is streamlined and personalized. OTrue OFalse Question 5 (1 point) Blogs, white papers, webinars, and presentations should be proyided to targeted customers. OTrue OFalse Question 6 (1 point) dal fne avaluating solution alternatives uses weighted averages.
Please answer this question: 1. Traveling requisition used for one time capital purchases. A. False B. True 2. Invitation for bid is used to buy when: A. The specifications are designed for one supplier. B. The buyer has wants a competition on the best offer, C. There is complete monopoly. D. The buyer prefers a specific supplier. 3. Spend analysis is the process of determining how much to pay for service A. False B. True
On December 1, Daw Co. accepts a $10,000, 45-day, 6% note from a customer. (1) Prepare the year-end adjusting entry to record accrued interest revenue on December 31.
If sale is 78 during March, 85 in April, 90 in May, 84 in June, and 97 in July, what, is the three-month simple moving average for August? a. 88.667 Ob. 90.333 O c. 97 O d. 86.8
Table 1. Demand of Hairdryer from January to July [Jadual 1. Permintaan Pengering Rambut dari Januari 2021 hingga Julai 2021] Month Demand January February 2800 2870 March 2968 April Мay 3000 3100 Jun 3150 July 3400 a) Calculate forecast future demand for May, June, July and August by using 3 months simple moving average.[hitung ramalan permintaan masa depan untuk bulan Mei, Jun, Julai dan Ogos dengan menggunakan purata bergerak sederhana 3 bulan.] *
Briefly define or explain each of these terms:c. Inventory records
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4. In the past, Peter Kelle's tire dealership in Baton Rouge sold an average of 1,100 radials each year. In the past 2 years, 220 and 250, respectively were sold in fall, 360 and 300 in winter, 150 and 160 in spring, and 320 and 440 in summer. With a major expansion planned, Kelle projects sales next year to increase to 1,300 radials. Part 2 Based on next year's projected sales, the demand for each season is going to be (enter your responses as whole numbers): Season Demand Fall __________
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 15 units at $40 $600 Aug. 13 Purchase 5 units at $41 205 Nov. 30 Purchase 11 units at $42 462 Available for sale 31 units $1,267 There are 9 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-in, first-out (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar). a. First-in, first-out (FIFO) $fill in the blank 1 b. Last-in, first-out (LIFO) $fill in the blank 2 c. Weighted average cost $fill in the blank 3
1. under what circumstances would a business use the recorded delivery service rather than the normal or regirstered post facility? 2.under what circumstances might a business use the postage paid facility? 3.why would a sales representative find the poste service convenient at times?

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