Person LS, an African American, read an advertisement in the newspaper of a local motorcycle dealer about the sale of a electronic scooter EZ for $ 1,699. Person LS reached the dealer to purchase the scooter, but found that the scooter was already sold. The salesperson offered the higher model FZ, for the previous one for $ 1,999.LS unwillingly decided to buy scooter FZ and wished to purchase the scooter on credit. The clerk in the credit department told LS that a cosigner is required to get a loan. When LS talked about this concern to the manager, he assured her that the clerk is mistaken. LS after seven months from purchase, received a letter from the manufacturer notifying her about recalling the model because of the defect in the braking system. To find: The action of FTC when a merchant fails to deliver the order that was made through a website.

Question

Explain in detail the principle of Compounding of interest and why is it so important in Finance.

Answer 1

Question

Chapter 24, Problem 2RE

Summary Introduction

Case summary: Person LS, an African American, read an advertisement in the newspaper of a local motorcycle dealer about the sale of a electronic scooter EZ for $1,699. Person LS reached the dealer to purchase the scooter, but found that the scooter was already sold. The salesperson offered the higher model FZ, for the previous one for $1,999.LS unwillingly decided to buy scooter FZ and wished to purchase the scooter on credit. The clerk in the credit department told LS that a cosigner is required to get a loan. When LS talked about this concern to the manager, he assured her that the clerk is mistaken. LS after seven months from purchase, received a letter from the manufacturer notifying her about recalling the model because of the defect in the braking system.

To find: The action of FTC when a merchant fails to deliver the order that was made through a website.

Expert Solution & Answer

Trending nowThis is a popular solution!

See solution

Check out sample textbook solution

Students have asked these similar questions

Explain in detail the principle of Compounding of interest and why is it so important in Finance.

Hello, please make an excel of this. Show all the cells thanks. some replied with a paper answer thank you I just cant understand the way the did it. Can someone show me all screenshots o fthis problem solved and in excel? i need to solver too for the constraints. I seen multiple times across other platforms that one of the chairs optimal solutions is 0 but they both have to be higher than 1 The Heinrich Company manufactures two types of plastic hangerracks (Foldaways and Straightaways) especially suited for mountingnear clothes dryers. Because permanent press clothing must be hungon hangers immediately after removal from the dryer, these items havebeen especially popular. However, there is some concern that thePreppie movement (popularized by its own handbook) will extinguishpolyester clothing; Heinrich is terribly interested in doing the best withthe resources it has while its products are still in demand. The firsttype of hanger rack, the Foldaway, requires 10 ounces of…

Is crowdfunding a good source for starting a financial planning company? Discuss why or why not it would be right for this.