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3 years ago

1.

1 answer:

7 0

Every Credit user is entitled to a free credit report every 12 months (1 years) from either of Equifax, Experian, or TransUnion.

<h3>What are credit reporting agency?</h3>

These are agency that maintains only an historical credit information on individuals and businesses.

The maintained historical credit information helps in preparation of the credit report and score of all individuals and businesses in United states..

In U.S., the three main credit reporting bureaus includes the Equifax, Experian and TransUnion.

Read more about credit reporting agency

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Cash flows directly related to production and sale of a firm's products and services are called ________. A. cash flow from in

kirza4 [7]

Answer:

B. cash flow from operating activities

Explanation:

Cash flows directly related to production and sale of a firm's products and services are cash flows from operating activities. The operating activities are those which are being performed to operate the activities of nature of business like product sale or service performance. e.g. Payment to suppliers and receipt from customer are the activities involved in the operating activities of Business.

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4 years ago

Urgent please help!!!!! The Accounts Receivable balance for Company at December 31, 2023 was 29000 . During ,2024 the company

Gemiola [76]

A) The journal entry using the percent-of-receivables method is as follows:

Debit Bad Debts Expense $6,620

Credit Allowance for Uncollectible accounts $6,620

B) The journal entry using the percent-of-receivables method is as follows:

Debit Bad Debts Expense $11,120

Credit Allowance for Uncollectible accounts $11,120

<h3>What is the percent-of-receivable method?</h3>

The percent-of-receivable method is one of the methods for making allowances for uncollectible accounts. Other methods include using an estimated percentage of the sales revenue and aging the accounts receivable

This method uses an estimated percentage of the receivables at the end of the financial period to compute the ending allowance for uncollectible accounts.

<h3>Data and Calculations:</h3>

December 31, 2023:

Accounts receivable

Beginning balance = $29,000

Revenue for 2024 = 462,000

Cash collected = (324,000)

Accounts written off = (6,000)

Ending balance $161,000

Allowance for uncollecdtible accounts = 2% or $3,220 ($161,000 x 2%)

A) Allowance for uncollectible accounts:

Beginning balance = $2,600 (credit)

Accounts written off (6,000)

Ending balance (3,220)

Bad debts expense = $6,620

<h3>Transaction analysis</h3>

Bad Debts Expense $6,620 Allowance for Uncollectible accounts $6,620

B) Allowance for uncollectible accounts:

Beginning balance = ($1,900)

Accounts written off (6,000)

Ending balance (3,220)

Bad debts expense = $11,120

<h3>Transaction Analysis</h3>

Bad Debts Expense $11,120 Allowance for Uncollectible accounts $11,120

Learn more about making allowances for uncollectible accounts at brainly.com/question/15522384

8 0

2 years ago

The tax on a property with an assessed value of $ 68 comma 000 is $ 550. Using a proportion, find the tax on a property with an

Anika [276]

Answer:

The answer is $994.85

Explanation:

This can be calculated using the proportion method.

Unit $ worth of the property costs = $550 / $68,000 = 0.008088

$123,000 worth of property costs = 0.008088 * $123,000 = $994.85

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4 years ago

Don, a new manager, commented to a friend, "i am excited about different aspects of my new job. the company computers have enter

aleksklad [387]

Don, a new manager, commented to a friend, "i am excited about different aspects of my new job. the company computers have entered the field of decision making. the network not only collects information more quickly, but the system also reduces the roadblocks when i need a group consensus." Don is referring to a computer-aided decision-making system. It is a <span>real-time </span>computer<span>-based information </span>system<span> that helps in the decision making process.</span>

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3 years ago

condominiums usually require a monthly fee for various services. at $320 a month, how much would a homeowner pay over a period o

Nataly [62]

$26880 , A condominium is a type of ownership arrangement in which a single building is divided into a number of different units, each of which is separately owned, and which are surrounded by jointly held common areas.

<h3>What is condominiums?</h3>

A condominium is a type of ownership arrangement in which a single building is divided into a number of different units, each of which is separately owned, and which are surrounded by jointly held common areas. The phrase can be used to describe both the entire structure or complex and each individual unit therein.

320*12=3840

3840*7=$26880

A condo, often known as a condominium, is a type of housing or residential complex that consists of distinct units, each of which is owned by a different person. A condo is rented directly from the condominium owner when it is rented.

Ownership is the main distinction between a condo and an apartment. Apartments are characterized as rented homes, frequently found in larger residential buildings. Condos are similar to apartments in structure and are typically apartments within larger residential buildings, but condos are owned rather than rented.

To learn more about condominium refer to:

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8 0

1 year ago