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2 years ago

10

A ___________ is who a creditor may turn the account over to after exhausting its efforts to get a consumer to make past-due pay

ments. they will typically collect unpaid debt for others.
credit counselor

collection agency

bankruptcy officer

police officer

1 answer:

dmitriy555 [2]2 years ago

7 0

Answer: collection agency

Explanation:

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Assume that the City of Juneau maintains its books and records to facilitate the preparation of its fund financial statements. T

Romashka [77]

Answer:

Explanation:

The journal entry is shown below:

Wages and Salaries Expenses A/c Dr $90,000

To Wages and Salaries payable $90,000

(Being salary are paid to the employees)

In the given question, cash transaction is not involved so we credited to the wages and salaries payable and since salary is paid so it is an expense that's why we debited it.

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3 years ago

A company estimates that it will sell 100,000 units of finished goods in March. Each finished good requires 5 feet of raw materi

Lady bird [3.3K]

Answer:

497,000 units

Explanation:

Total production:

= Budgeted production + Desired ending inventory

= (100,000 × 5) + [(9,000 × 5) + 42,000]

= 500,000 + (45,000 + 42,000)

= 500,000 + 87,000

= 587,000

Units to be purchased:

= Total production - Beginning inventory

= 587,000 - [(10,000 × 5) + 40,000]

= 587,000 - (50,000 + 40,000)

= 587,000 - 90,000

= 497,000

Therefore, the raw materials should the company plan to purchase during March is 497,000 units.

4 0

3 years ago

On November 1, 2018, Tim's Toys borrows $30,000,000 at 9% to finance the holiday sales season. The note is a six-month term and

rodikova [14]

Answer:

The correct answer is option (D).

Explanation:

According to the scenario, the given data are as follows:

Money borrowed = $30,000,000

Rate of interest = 9%

Time = 2 months

So, we can calculate the balance of loan interest payable by using following formula :

Balance of loan interest = ( Money borrowed × Rate of interest × Time ) / 12

= ( $30,000,000 × 9% × 2 months ) / 12

= $450,000

Hence, the balance of loan interest payable is $450,000.

8 0

3 years ago

“ contact at least three banks in your community. what is the highest interest-rate you can earn on a passbook savings account?”

luda_lava [24]

Answer:

The Highest interest rate you can earn on a passbook savings account is 5%

Explanation:

According to the research of 5 Financial institutions in New York the Annual Percentage Yield of a Passbook savings account goes from 1% to 5%.

Bank APY

Apple Bank for Savings 0.10

Emigrant Bank 0.40

Investors Bank 0.50

Provident Bank 0.50

Queens County Svgs Bk 0.50

5 0

4 years ago

Janine Alberg's day care cente rhas only one direct competitor on her side of town, but a substitute service is

Licemer1 [7]

The service of a legal writ.

8 0

3 years ago