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Aleks04 [339]
1 year ago
11

John's debit card was stolen on Wednesday and used to purchase $700 worth of merchandise. John notified his financial institutio

n on Thursday. What is his liability?
Business
1 answer:
Verizon [17]1 year ago
4 0

Answer:

The liability of John is $50.

Explanation:

When the ATM, credit, or debit cards of a customer are stolen or lost, both the Fair Credit Billing Act (FCBA) and the Electronic Fund Transfer Act (EFTA) come into action to give protection to the customer.

Specifically, if the credit or debit card is stolen or lost, the FCBA provides that maximum amount of liability that the customer will bear for any unauthorized use is $50.

The EFTA provides that if the stolen card is reported within 2 business days, the maximum liability for any authorised transaction is $50.

Therefore, since John notified his financial institution on Thursday which is still within 2 business days, his liability is still $50 based on the provisions of the EFTA and also the FCBA.

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Larry recently invested $24,400 (tax basis) in purchasing a limited partnership interest in which he will have no management rig
n200080 [17]

Answer:

$2,600.

Explanation:

Considering the available information given the in the question, we have:

Larry’s tax basis is $24,000

His at-risk amount is $24,000.

Consequently, the basis and at-risk hurdles are not considered.

On the other hand, given that Larry still may not deduct $2,600 of the $3,750 loss because he only has $2,600 of passive income for the year.

Hence, Larry has a $2,600 passive activity loss carryover.

Therefore, the Deductible Loss is $2,600.

8 0
1 year ago
Black and Decker decides to discontinue producing toasters in lieu of more versatile toaster ovens. In the process of discontinu
Andru [333]

Answer:

The correct answer is Gain or loss on the sale of equipment as part of continuing operations.

Explanation:

If a gross profit on sales is generated in the process of selling an item of property, plant and equipment, but additional expenses are also incurred, the only thing that is recognized in the income statement is the net profit.

Among the accounts of the income statement, only one record is made with the net profit that occurred in the process of the sale of the asset. Although the final effect on the income statement is the same as it had under the old regulatory framework, it can be said that with that single record among the income statements, what is sought is that high gross income and expenses are not shown high, as this could distort the different financial analyzes that will be carried out at the end of the year.

6 0
1 year ago
Chiptech, Inc., is an established computer chip firm with several profitable existing products as well as some promising new pro
vaieri [72.5K]

Answer:

$11

Explanation:

"The required return for the computer chip industry is 15%, and the company has just gone ex-dividend (i.e., the next dividend will be paid a year from now, at t 1) (Round your answer to 2 decimal places.)"

g = ROE*b

g = ROE * (1-Payout ratio)

g = 20% * (1-0.5)

g = 10%

P0 = D1/k-g

P0 = D0(1+g) / k-g

P0 = 0.5(1+0.10) / (0.15+0.10)

P0 = $11

S0, the market price of Chiptech stock is $11

7 0
1 year ago
True or false the risk premium is primarily concerned with business risk, financial risk, and inflation risk.
Nikitich [7]
The answer is true .
7 0
2 years ago
If a law enforcement officer suspects your vehicle is not properly maintained or does not comply with florida motor vehicle equi
Schach [20]

<em>If a law enforcement officer suspects your vehicle is not properly maintained or does not comply with Florida motor vehicle equipment standards, the officer </em><em>will forbid you to drive to the highway </em>

<h2>Further Explanation </h2>

Motorized vehicles are vehicles that are driven by technical equipment for movement, and are used for land transportation. Generally, motor vehicles use internal combustion engines, but electric motors and other types of engines (eg hybrid electric vehicles and plug-in hybrids) can also be used. Motorized vehicles have wheels, and usually walk on the road. The types of motorized vehicles can vary, ranging from cars, buses, motorbikes, off-road vehicles, light trucks, to heavy trucks. The classification of motor vehicles varies depending on the country.

<h3>Standardization of motor vehicles in the federal state: </h3>
  • Control and display
  • Transmission shift lever sequence, interlock starter, and transmission braking effect
  • Brake hose
  • Lights, reflective devices, and related equipment
  • Rearview and side mirror
  • Theft Protection
  • Motor vehicle brake fluid
  • Motorcycle brake system
  • Motorcycle control and appearance
  • Accelerator control system
  • Alert device
  • Light vehicle brake system
  • Tire pressure monitoring system
  • Motorcycle helmet
  • Fuel system integrity
  • Flammability of interior materials
  • Platform lift system for motorized vehicles
  • Installation of platform lifts in motorized vehicles
  • Low-speed vehicle

Learn More

Standardization of Driving brainly.com/question/4190637

Motor Vehicle Rules brainly.com/question/4190637

Details

Grade: High School

Subject: Business

Keyword: standardization, vehicle, motor

6 0
1 year ago
Read 2 more answers
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