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marin [14]
2 years ago
6

Which situation is an example of a person making use of credit?

Business
1 answer:
ivann1987 [24]2 years ago
5 0

An example of a person making use of credit is a business owner takes out a loan to expand and redecorate her offices.

<h3>What is credit?</h3>

Credit is when a person makes use of money he or she does not have in her account. Usually, the person borrows the money from a lender. When a business owner takes out a loan, she is making use of credit.

To learn more about credit, please check: brainly.com/question/27547395

#SPJ1

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An upscale organic foods grocery store chain is implementing an information system that will enable it to add same-day home deli
defon

Answer:

paradigm shift

Explanation:

Based on the information provided within the question it can be said that this is an example of a paradigm shift. This term refers to a fundamental change within an a company's or entity's set of discipline or norms of it's basic concepts. Which in this scenario adding same day home delivery drastically changes the basic concept of an in person organic food grocery store as people are able to order online and never have to set foot into the store. Which may even lead the store to close their brick and mortar store and function strictly online.

6 0
3 years ago
Which calculation is needed to assess the component pieces of the operating section using the direct approach for the amount col
amid [387]

Calculation  needed to assess the component pieces of the operating section using the direct approach for the amount collected for sales is

Total potential cash - Ending accounts receivable balance.

Cash that is produced by a company's regular operating procedures is known as operating cash flow. Investors place a high value on a company's capacity to continually produce positive cash flows from its ongoing business operations.

The purpose of drawing up a cash flow statement is to see a company's sources and uses of cash over a specified time period.

You should first subtract any receivables that you are aware are unlikely to be collected before calculating cash collections from accounts receivable. This will leave you with your projected collectible accounts receivable.

To learn more about operating cashflow click here :

brainly.com/question/21322525

#SPJ4

8 0
2 years ago
Explain in your own words what a deposit is, no copying or pasting please.
Elena L [17]
a deposit is where you going to put money in the bank yeah like we just go put something in somewhere that's the definition of deposit .
6 0
3 years ago
Read 2 more answers
4. The E. Harris Company issued bonds in September of 2003. When issued, the bonds had 20 years to maturity, a coupon rate of 7.
stiv31 [10]

Answer:

6%

Explanation:

Yield to maturity is the annual rate of return that an investor receives if a bond bond is held until the maturity. It is the long term return of the bond which is expressed in annual term.

Face value = F = $1,000

Coupon payment = $1,000 x 7.5% = $75

Selling price = P = $1110.40

Number of payment = n = 10 years

Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]

Yield to maturity = [ $75 + ( $1,000 - $1,110.4 ) / 10 ] / [ ( $1,000 + $1,110.4 ) / 2 ]

Yield to maturity = [ $75 - 11.04 ] / $1,055.2

Yield to maturity = $63.96 / $1,055.2

Yield to maturity = 0.0606 = 6.06%

Rounded off to whole percentage 6%

3 0
3 years ago
Charleston, Inc. has Accounts Receivable of $170,000 and an Allowance for Doubtful Accounts of $11,000. If it writes-off a custo
Romashka [77]

Answer:

$159,000

Explanation:

The double entry to record the writes off balances which are the bad debts of Customers who will not pay the debt, will include debit to allowance which is decrease in the allowance and credit to accounts receivable which is also a decrease to accounts receivable:

Dr Allowance for doubtful account $1,100

Cr Accounts Receivable                           $1,100

Similarly the increase in Allowance for Doubtful Accounts of $11,000 will be treated totally opposite of the decrease in Allowance for Doubtful Accounts above:

Dr Accounts Receivable               $11,000

Cr Allowance for doubtful account    $11,000

Now, the increase in allowance is deducted from opening accounts receivables and vice versa. The treatment is given below:

Opening balance of Accounts receivables             $170,000

Accounts Receivable                                                ($1,100)

Allowance for Doubtful Debt    ($11,000 - $1,100)   <u>   $9,900 </u>

Accounts Receivable (Net)                                       $159,000

5 0
3 years ago
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