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4 years ago

A credit score between 500 and 600 means a consumer would most likely

2 answers:

6 0

<span>For credit score of 500 to 600 means that the consumer would most likeley find it hard to get a loan which is letter B. A credit score is a numerical articulation in view of a level examination of a man's credit documents, to speak to the financial soundness of a person. A credit score is essential in view of a credit report data commonly sourced from credit agencies.</span>

tester [92]4 years ago

5 0

The answer is find it hard to get a loan

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Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw mate

koban [17]

Answer: See explanation

Explanation:

The journal entry will be analysed below:

a. Dr Raw materials inventory $100,000

Cr Accounts payable $100,000

b. Dr Work in process inventory $42000

Cr Raw materials inventory $42000

Dr Factory overhead $15000

Cr Raw materials inventory $15000.

c. Dr Work in process inventory $36000

Dr Factory overhead $14000

Cr Cash $50,000

d. Dr Factory overhead $8250

Cr Cash $8250

e. Dr Work in process inventory = $36000 × 120% = $43200

Cr Factory overhead $43200

f. Dr Finished goods inventory $68175

Cr Work in process inventory $68175

g. Dr Cost of goods sold $68175

Cr Finished goods inventory $68175

Dr Accounts receivable $97000

Cr Sales $97000

7 0

3 years ago

"The spot price of the market index is $900. A 3-month forward contract on this index is priced at $930. What is the profit or l

Mademuasel [1]

Answer:

$10 profit

Explanation:

In this question, we are asked to calculate the profit or loss to a short position.

Firstly, we identify that the spot price of market index is $900.

Now, a three months forward contract equals a value of $930.

Raising the index to $920 at the expiry date is obviously a profit to the short position.

To calculate the profit here, we simply subtract the index at expiry date from the three months forward contract.

Mathematically, this is equal to $930-$920 = $10 profit

8 0

4 years ago

The following transactions are July activities of Craig's Bowling, Inc

Strike441 [17]

Answer:

Craig's Bowling, Inc

Income Statement for the month of July

Sales ($13,300 + $8,000) $21,300

Less: Cost of goods sold ($3,490)

Gross profit $17,810

Less: Expenses

Insurance ($1,800 / 3) $600

Wages $4,500

Repair expenses $1,800

Electricity bill $2,000

Total expenses ($8,900)

Net profit $8,910

Note:

Note that the purpose of the income statement is to calculate the profit or loss for a specific period, and not the cash flows during that period. Hence, transactions c., d. and e. are not to be recorded in the income statement for the month of July.

4 0

4 years ago

An actuary is a person who assesses various forms of risk. Based on past data, the holder of an automobile insurance policy pays

Likurg_2 [28]

Answer:

With this policy throughout the long run, the insurance company will make money. A further explanation is provided below.

Explanation:

According to the given values in the question,

The expected value will be:

⇒ $E(value) = Sum \ of \ (x\times P(x))$

By putting all the given values, we get

⇒ $=1000\times 0.05+5000\times 0.02+25000\times 0.01+0\times 0.92$

⇒ $=50+100+250+0$

⇒ $=400$ ($)

As we can see that,

$E(value)$

$400$

Thus the above is the correct answer.

8 0

3 years ago

Martin received a nonstatutory stock option from his employer on January 1, 2018. The option gives him the right to purchase 100

Ksju [112]

Answer:

Correct answer is option A

Explanation:

In case of non-statutory stock option, income which is fair market value less any cost incurred for stock options, is included when the stock options are exercised.

5 0

3 years ago