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?
Answers
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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Related Questions
A city's water division generated $1.5 million in revenue. It reported expenses of $1 million, which included $200,000 paid to an internal service fund. The water division also transferred $50,000 to the general fund. What amount is the water division's change in net position on the statement of revenues, expenses, and changes in fund net position
Answers
The water division's change in net position on the statement of revenues, expenses, and changes in fund net position amount is $450,000.
Using this formula
Change in net position=Revenue-Expenses-Transfer to general fund
Where:
Revenue=$1.5 million
Expenses=$1 million
Transfer to general fund=$50,000
Let plug in the formula
Change in net position=$1.5 million-$1 million-$50,000
Change in net position=$450,000
Inconclusion the water division's change in net position on the statement of revenues, expenses, and changes in fund net position amount is $450,000.
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sorenson’s march 2020 video for marriott employees exhibited characteristics of ________ leadership.
Answers
The sorenson’s video for marriott employees exhibited characteristics of commanding leadership style.
Arne Morris Sorenson is an American hotel executive and served as the hotel president and chief executive officer.
Sorenson's style of leadership entails combination of empathy, personal warmth and iron principle attracted deep admiration throughout the corporate world.Therefore, the sorenson’s video for marriott employees exhibited characteristics of commanding leadership style.
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A local radio commercial costs $600 and reaches an estimated 10,250 listeners. A local cable commercial costs $1000 and reaches an estimated 18,500 viewers. Which medium provides the lowest CPM
Answers
Based on the calculations, the medium that provides the lowest CPM is the cable commercial.
Since the radio commercial costs $600 and reaches an estimated 10,250 listeners, the CPM will be:
= $600/10250
= $0.0585
Since the local cable commercial costs $1000 and reaches an estimated 18,500 viewers, its CPM will be:
= $1000 / 18500
= $0.0541
Therefore, the lowest CPM is gotten from the cable commercial.
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Annual percentage rate (APR) is:
A. a yearly fee charged on a credit card.
B. the total cost of a loan per year, expressed as a percentage.
C. the interest rate on a loan expressed as a percentage.
D. an interest rate that compounds yearly.
SUBMIT
Answers
Answer:
B.The total cost of a loan per year expressed as a percentage
Which is NOT a part of the Texas Real Estate Commission's (TREC) complaint investigation and disposition procedures?
Answers
Answer:
The answer is cooperative. Which is NOT required by the Texas Real Estate Commission (TREC) for a real estate brokerage organized as a business entity? The answer is a copy of the bylaws of the business entity must be on file at TREC. ... The answer is the Texas Business Organization Code.
The particular market segment your company is trying to sell your products or services to is your _________.
A.
Customer profile
B.
Market share
C.
Community
D.
Target market
Answers
On a school field trip, the number of students, y, is always proportional to the number of adults, x. The line representing this relationship passes through the point (8,96). What is the unit rate, and what does it represent for this situation?
Answers
The unit rate means that there are 12 students for each adult.
A linear equation is in the form:
y = mx + b
where y, x are variables, m is the rate of change and b is the initial value of y.
Let y represent the number of students and x represent the number of adults. Since y is proportional to x, hence:
y = mx
The line passes through the point (8,96):
96 = 8m
m = 12
The unit rate means that there are 12 students for each adult.
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Can some people give me free adopt me pets? Just put in your user and I'll add u
Answers
Answer:
U can have my fly ride neon unicorn
Explanation:
________ costs refer to the sum of the fixed and variable costs for any given level of production. Target Break-even Total Value-based Marginal
Answers
Based on microeconomic theory, Total costs refer to the sum of the fixed and variable costs for any given level of production.
What makes Total Cost?Generally, the total cost is the sum of all the price of the material utilized, the wages or salary paid in the production, and the direct expenditure.
Components of Total CostThe components of Total Cost include the following:
Prime costFactory costOffice cost Cost of sales, etc.Hence, in this case, it is concluded that the correct answer is "Total Cost."
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Why would a person change their business status to a LLC?
A. To gain tax breaks
B. To limit their personal liability
C. To help obtain funding through the sale of stock
D. Because it is the easiest form for setting up your business
Answers
Answer:
A) to gain tax breaks
Explanation:
A common reason for changing a co. to an LLC is to avoid double taxation
A parcel of land is 140 feet by 75 feet and the seller is asking $130 per square foot. What is the asking price
Answers
The asking price is $1,365,000 if a parcel of land is 140 feet by 75 feet and the seller is asking $130 per square foot. The cost or current market value of a residence divided by the square footage of the home yields the average price per square foot.
Why is the price per square foot important?The price per square foot might help you determine whether a house is reasonably priced. If you're seeking to buy a home, it can help you decide what kind of offer to make. You should work together with your real estate agent and carefully evaluate sales comparables.
Given
Dimension of Parcel of land = 140 feet by 75 feet
Cost per feet = $130
Required to calculate the asking price of land =?
Price = Total sq. feet x cost per feet
Price = 140 x 75 x 130 = $1,365,000
Thus, the asking price for a parcel of land is $1,365,000.
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Juan earns a gross pay of $44,500. His employee benefits are 18% of his gross pay. What is the value of his benefits?
Answers
Answer: I think its $8,100
Explanation:
i hope it helps
need help on econ please and thank you
Answers
Answer:
1. Bonds
2. Property
3. Mutual Funds
4. Starting a business
Explanation:
explain the method of bookkeeping ?
Answers
Not Answered Question Workspace A family on a trip budgets $800 for meals and hotel accommodations. Suppose the price of a meal is $40. In addition, suppose the family could afford a total of eight nights in a hotel if they don't buy any meals. How many meals could the family afford if they gave up two nights in the hotel
Answers
Based on the amount budgeted and the costs of meals and the hotel, if the family gave up two nights, they could afford 4 meals.
The family can afford 8 nights at the hotel if they gave up meals. This means that the cost of a night at the hotel is:
= Total cost / Nights at hotel
= 800 / 8
= $100 per night
If the family gave up two nights, they would have $200 to spend on meals which means they will afford:
= 200 / 40 per meal
= 5 meals
In conclusion, the family would afford 5 meals.
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Given a GDP deflator of 120 and a Nominal GDP of 7.8 billion dollars, calculate Real GDP. (1 point)
O 6.5 billion dollars
O 9 billion dollars
09.36 billion dollars
O 6.6 billion dollars
Answers
Answer:
It's 6.5
Explanation:
7.8/(120/100)=6.5
A GDP is calculated as Nominal GDP is divided by the GDP deflator.
The calculation is shown below
$7.8 / $120
=0.065
The answer needs to be multiplied by 100
and therefore
0.065 * 100
= 6.5 billion dollars
The answer is 6.5 billion dollars.
What is GDP?GDP stands for Gross Domestic Product of a country this represents total monetary value of goods and services produced in a country during a specified period of time.
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What type of business is formed with the primary purpose of serving its user- members? O A. Partnership B. Corporation O C. Sole proprietorship D. Cooperative
no linkss
Answers
Answer:
What was the answer?
Explanation:
Answer: it’s cooperative, I took the test.
Explanation:
ieiyeoemn you’re toxic.
If a bank uses $100,000 to purchase a building for $80,000 and equipment for $10,000, the balance sheet at the end of the transactions will be ______.
Answers
Answer:
cash = $10,000, property assets = $90,000, and stock shares = $100,000.
Explanation:
Why do employers prefer employers with good work ethics
Answers
Use the table to answer the question.
2007
2008
Price ($) Quantity
Price ($) Quantity
Video Games 60
100
60
200
Movies 15
20
12
50
The table above gives the prices and quantities for a fictional country that only produces video games and movies. What is the growth rate of Nominal
GDP from 2007 to 2008?
(1 point)
O 6,300
O 12,600
O 200%
O 100%
Answers
The growth rate of Nominal GDP from 2007 to 2008 is 100%.
Nominal GDP is the gross domestic product of a country that is calculated using current year prices. It included real GDP and inflation.
Growth rate in GDP = (nominal GDP in 2008 / nominal GDP in 2007) - 1
Nominal GDP in 2007 = (60 x 100) + (15 x 20)
= $6000 + $300
= $6,300
Nominal GDP in 2008 = (60 x 200) + (12 x 50)
$12,000 + 600
= $12,600
Growth rate = ($12,600 / 6,300) - 1 = 100%
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Income taxes are taxes that are paid on any financial gain. Purchased goods. Homes, land, or property. Special goods and activities.
Answers
Income taxes are those taxes that are paid on any financial gain.
Income taxes are a progressive type of tax system. Them are taxes that are paid on all forms of income.
This type of tax , taxes those that have more income that those that have lower income.
The government uses the income tax to fund several public services and also use it for the provision of goods to the citizens in the country.
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Answer:
any financial gain
Explanation:
e2022
Years ago, thousands of country music fans risked their lives by rushing to buy tickets for a Willie Nelson concert at Carnegie Hall. This behavior indicates Select one: a. nothing about the equilibrium price. b. the ticket price was at the equilibrium price. c. the ticket price was below the equilibrium price. d. the ticket price was above the equilibrium price.
Answers
There a lot of changes that affect price. This behavior indicates this ticket was below the equilibrium price
When the price of goods and services is below the equilibrium price, there is known to be excess demand for the product and this is regarded as shortage of supply.
Due to the fact that quantity demanded is more than quantity supplied, consumers are known to be willing to buy more than producers are willing to sell. This result in a mismatch between demand and supply that will lead to the increase in price.
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Consumer research aims at finding patters of customer usage.
True or false
Answers
Answer:
...True...
Explanation:
Consumer research aims at finding patters of customer usage.
Sanjana facilitated a hiring committee for her advertising company. Six employees (including two managers) met together to discuss applicants and select the finalists for a creative art director for the public relations department. Although the head of public relations would have the final nod on the candidate that would ultimately be hired, the evaluative work of the committee was very important because this group would send forward those persons they believed would be good work colleagues. In setting up this type of hiring process, the head of public relations was utilizing a(n) __________ style of leadership.
Answers
Answer:
D) participative
Explanation:
A participative leader is someone who is really involved in the company's activities and will be willing to receive input or advice from different employees and staff members. The leader will be open to consider the opinions of different staff members during decision making processes.
The leader as well as his/her staff members will be able to access all the relevant information and discuss possible options. Some participative leaders will also be willing to decide important issues through majority votes that include the leader and important staff members.
A whole supermarket shelf of snack food bags is marked, "Frito-Lay." This is an example of a(n)
brand.
a. co brand
b. individual
c private
d. wholesale
e. family
Answers
Properties Inc. and Land Corp. sign a contract agreeing to pay commission to Properties Inc. for the sale of a property. If the contract has all the requirements necessary for one of the parties to enforce it in court, then it is:
Answers
Answer:
Properties Inc. and Land Corp. sign a contract agreeing to pay commission to Properties Inc. for the sale of a property. If the contract has all the requirements necessary for one of the parties to enforce it in court, then it is:
The requirements necessary for one of the parties to enforce it in court, then it is a voidable contract.
What is court?A court is any person or institution with the jurisdiction to arbitrate legal disputes between parties and administer justice in civil, criminal, and administrative affairs in conformity with the rule of law. A court, often known as a court of law, is a person or group of people with the legal jurisdiction to hear and settle disputes in civil, criminal, ecclesiastical, or military issues.
A formal agreement between two parties that is voidable can become unenforceable for a variety of legal reasons, such as failure to reveal a crucial truth by one or both parties. a blunder, false statement, or fraud. excessive pressure or coercion.court
Although voidable contracts are not truly legitimate and enforceable, a party who has suffered a loss as a result of the contract's circumstances (for instance, if they were forced to sign it) may choose to "void" the contract and make it legally unenforceable.
Therefore, Thus option (A) is correct.
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What is the difference between a job and a profession?
O A job is the work you do and a profession includes the environment you work is
O A job is the work you do and a profession includes your career field
O A job is your career field and a profession includes your work environment
O A job is the environment you work in and a profession includes the work you do
Answers
Answer:
O A job is the work you do and a profession includes your career field
Explanation:
HELP LOTS OF POINTS!!
Which information in the accounts payable subsidiary journal is entered after
the amount of credit or debit?
A. The name of the vendor
B. The terms of the sale
C. The balance
D. The date
Answers
Answer:
D
Explanation:
Answer: the balance
Explanation: because
Determine the characteristic for each market segment. This segment contains a common element that unifies its members. This segment contains an element that separates it from other segments. This segment is based on the response of members with a certain outlook. distinction arrowRight homogeneity arrowRight reaction
Answers
Answer:
Market segmentation is a marketing term that refers to aggregating prospective buyers into groups or segments with common needs and who respond similarly to a marketing action. Market segmentation enables companies to target different categories of consumers who perceive the full value of certain products and services differently from one another.
KEY TAKEAWAYS
Market segmentation seeks to identify targeted groups of consumers to tailor products and branding in a way that is attractive to the group.
Markets can be segmented in several ways such as geographically, demographically, or behaviorally.
Market segmentation helps companies minimize risk by figuring out which products are the most likely to earn a share of a target market and the best ways to market and deliver those products to the market.
With risk minimized and clarity about the marketing and delivery of a product heightened, a company can then focus its resources on efforts likely to be the most profitable.
Explanation: I was Just taking a test on this
Answer:
Got this correct on the Test.
Explanation:
distinction--->this segment contains an element that separates it from other segments.
homogeneity--->this segment contains a common element that unifies its members.
reaction--->this segment is based on the response of members with a certain outlook.
56. How do most states finance their capital budget?
a. sales or excise taxes
b. long-term borrowing or sale of bonds
c. income and property taxes
d. personal property or inheritance taxes