All categories

1 year ago

which would be considered liabilities? check all that apply.motorcycle loanown a housecar loancredit card billmortgage

Business

1 answer:

Alex777 [14]1 year ago

5 0

Credit cards would be considered liabilities.

4 major types of credit cards are Visa, MasterCard, American explicit and discover. Those are the main credit card networks, which most credit playing cards belong to, and they dictate where cards can be used in addition to what secondary benefits cards offer.

It's generally recommended that you have to a few credit card accounts at a time, in addition to different styles of credit scores.

Keep in mind that your general available credit and your debt-to-credit ratio can impact your credit scores. if you have greater than 3 credit score playing cards, it is able to be hard to maintain song of monthly bills.

Learn more about credit card here: brainly.com/question/6872962

#SPJ4

You might be interested in

This chapter states that most economists would probably maintain that new technologies are the single most important source of p

maks197457 [2]

Answer:

the correct answer is c)Poor countries do not benefit from new scientific knowledge to the same degree that rich countries do, since they lack the resources required to apply the knowledge widely in a beneficial way.

Explanation:

although novel technologies enable economies to be more productive and achieve greater potentials, in poorer countries they lack the necessary infrastructure and human resources to harness the full potential of this technologies. Also, the initial costs of applying these technologies is higher as well.

Because of this, these new technologies do not benefit the poor countries much.

4 0

3 years ago

How much will a company's net operating income change if it undertakes an advertising campaign given the following data: Cost of

Olegator [25]

Answer:

Increase in net operating is $9,800

Explanation:

Computation table

Increase in sales $60,000

Less:Variable expense (42%) $25,200

Increase in contribution $34,800

Less:Cost of advertising $ 25,000

Increase in net operating $9,800

5 0

3 years ago

Consider this scaled figure of a swimming pool. The dimensions of the original pool are 24 feet wide by 36 feet long.

Neko [114]

Answer:

3/5

Explanation:

9.6

5 0

2 years ago

Read 2 more answers

Kodera Technology is considering introducing a new product, which will require buying new equipment for a monthly payment of $5,

valina [46]

Answer:

417 units

Explanation:

The formula to compute the break-even point in units is shown below:

= (Fixed expenses ) ÷ (Contribution margin per unit)

where,

Contribution margin per unit = Selling price per unit - Variable expense per unit

So, the break-even point in units is

= ($5,000) ÷ ($20 - $8)

= $5,000 ÷ $12

= 417 units

So, the 417 units is to be sold for break-even

6 0

3 years ago

Your company obtains a short term loan on September 1st, 2019 to cover costs to purchase inventory. The loan is for $50,000, the

artcher [175]

Answer:

a. Journal Entry on September 1st, 2019:

Dr: Cash/ Bank $50,000

Cr: Short Term Loan $50,000

b. Journal Entry to accrue interest on December 31st, 2019 is:

Dr: Interest Expense $1,333.33

Cr: Accrues Interest Expense $1,333.33

c. Interest Expense on March 31st, 2020 is :

$1,000

d. The Total cash company will pay back on March 31st 2020:

52,333.33 (50,000 principal + 2,333.33 interest)

Explanation:

b. Annual Interest is $50,000×8% = $4,000 per annum.

The annual interest rate is prorated for 4 months (Sept 2019 -Dec 2019)

$4,000 *4/12 = $1,333.33

c. Interest expense for next fiscal year up till March 2020 is calculated by prorating annual interest expense for 3 months (Jan 2020- Mar 2020)

$4,000×3/12 = $1,000

8 0

3 years ago