The three error types i would be most concerned about is wrong address, misspelled name and wrong name because they could lead to lower credit scores
The error in this context related to credit report errors which can happen while been a high school student.
- Credit report refers to the organized record database of borrower's credit history from different sources.
Based on statistics, the student responded that the error they are most concerned about includes:
- Wrong Address
- Misspelled Name
- Wrong Name.
Hence, the three error types i would be most concerned about is wrong address, misspelled name and wrong name because they could lead to lower credit scores.
Read more about credit scores
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Answer:
Journal 1 ;
Account Receivable - Cullumber Co. $ 492200 (debit), Revenue $ 492200
Journal 2;
Cost of Sales $325000 (debit) , Merchandise $325000
Journal 3
Discount Allowed $22900 (debit), Accounts Receivable - Cullumber Co $22900 (credit)
Journal 4
Bank or Cash $469300 (debit), Account Receivable - Cullumber Co (credit)
Explanation:
Journal 1
Revenue is being recognized on sale of Merchandise to Cullumber Co.Since this is not a credit transaction ( the merchandise was sold on credit 2/10, n/30), we recognize an Asset in the Account Receivable - Cullumber for future economic benefits expected to flow to Oriole.
Journal 2
Company uses perpetual inventory system. Which means cost of merchandise is recorded at each sale and not after a certain period (periodic).Thus cost of merchandise is matched to the revenue.Note that Merchandise Account is decreasing (Credit) while the Cost od Sale is increasing (Debit)
Journal 3
The Asset element in the Account Receivable - Cullumber is decreasing due to allowance granted to them.Therefore Culumber is credited.An expense account - Discount Allowed has been created to reflect a decrease in future economic benefit due to grant of the allowance.
Journal 4
The Recognition of Payment through Bank or Cash. Asset of Cash or Bank are increasing as a result of the payment while assets of Accounts Receivable are decreasing due to Cullumber Co. settling their debt. The settled amount is net of allowance granted to them $469300 (492200-22900)
The option that is not among the Porter's five forces is disruptive technologies.
<h3>What are the Porter's five forces?</h3>
The Porter's five forces is used to analyse the competitive forces of firms operating in a particular industry.
The Porter's five forces are:
- Competition in the industry.
- Potential of new entrants into the industry.
- Power of suppliers.
- Power of customers.
- Threat of substitute products
To learn more about the porter's five forces, please check: brainly.com/question/5183977
72 its because 4 x 18 equals 72
