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1 year ago

Why is placing a fraud alert an effective way of dealing with inaccuracies in a credit report?.

1 answer:

3 0

The act placing a fraud alert is an effective way of dealing with inaccuracies in a credit report because its encourages the lenders and creditors to take an extra steps to verify the credit-account holder before issuing credit.

<h3>What do we know as credit report?</h3>

Basically, a typical credit report refers to a statement that has important information about your credit activity and & credit situation such as loan paying history and the status of your credit accounts. Most people in the United States have more than one credit report

The purpose of placing fraud alerts on credit reports is explained as follows. When a fraud alert is placed, its can make it harder for someone to open unauthorized accounts in your name. Also, the action also encourages or requires lenders and creditors to take extra steps to verify your identity such as contacting one by phone before opening a new credit account in your name or making changes to existing accounts.

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Smart Touch Learning normally performs e-learning services for $500. However, Smart Touch Learning performed services for a cl

ratelena [41]

Answer:

TRUE

Explanation:

According to the revenue recognition it will follow an accrual basis. It record the revenue as earned as the services were perform during the current accounting period.

It will recognize revenue for 400 as it was the amount the parties agree upon.

The common fee's of Smart Touch uhsually are irrelevant.

3 0

3 years ago

Suppose that a firm has purchased some land for $1,250,000 a year ago to develop a new outlet, and the land now would sell $2,00

scoray [572]

Answer:

$13,915,000

Explanation:

Land-cost $1,250,000

Construction cost $12,000,000

Equipment cost(150,000+15,000) $165,000

Inventory $500,000

Total initial investment outlay $13,915,000

Please note that fair value of land is irrelevant as the land was purchased for the outlet being set up and not for any other project.

8 0

4 years ago

How do computers convert physical signals into digital data?

klasskru [66]

This is done by connecting a device called a modem to the digital computer. This process of converting a digital signal to an analog signal is known as modulation. On the receiving end, the incoming analog signal is converted back to digital form in a process known as demodulation.

7 0

3 years ago

Read 2 more answers

Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual i

White raven [17]

Answer and Explanation:

The journal entries are shown below:

1. Merchandise Inventory $1,620

To Accounts Payable $1,620

(Being the calculators purchased on account)

2. Merchandise Inventory $50

To Cash $50

(Being freight expenses paid for cash)

3. Accounts Payable $38

To Merchandise Inventory $38

(being the returned inventory is recorded)

4. Accounts Receivable $690

To Sales Revenues $690

(Being the sales is recorded)

Cost of Goods Sold $520

To Merchandise Inventory $520

(Being the cost is recorded)

5. Sales returns $45

To Accounts Receivable $45

(being the sales return is recorded)

Merchandise Inventory $34

To Cost of Goods Sold $34

(Being the cost of returned is recorded)

6. Accounts Receivable $760

To Sales Revenues $760

(being the sale is recorded)

Cost of Goods Sold $570

To Merchandise Inventory $570

(Being the cost is recorded)

4 0

3 years ago

Jamie is looking for a new job. she used to be the top sales representative for the region and was expecting to be promoted. how

s2008m [1.1K]

Answer:

Performance-reward relationship

Explanation:

Jaime is used to having her high performance (top sales rep) earn her the rewards of recognition and success. Now that someone who hasn't reached the same level of performance that she has but got all the rewards (the promotion) she can no longer trust that better performance will lead to better rewards. When trust in work relationships is broken, people will lose satisfaction and search for new opportunities.

3 0

3 years ago