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4 years ago

A landlord will usually check your credit report before renting an apartment to you.

Business

2 answers:

Romashka-Z-Leto [24]4 years ago

8 0

Hello There!

This is a True statement.

Hope This Helps You!
Good Luck :)

- Hannah ❤

Vlada [557]4 years ago

5 0

It is true that a landlord will check your credit report before renting to you.

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On June 1, 2018, Perfect Performance Cell Phones sold $ 17,000 of merchandise to Ashton Trucking Company on account. Ashton fe

inn [45]

Answer:

See answers and explanation below.

Explanation:

1. Journalize the transactions for High Performance Cell Phones using the direct write-off method. Ignore Cost of Goods Sold.

Date Details Dr ($) Cr ($)

1 Jun. 18 Account receivable 17,000

Sales revenue 17,000

To record sales to Ashton Trucking Company on account.

15 Jul. 18 Cash 6,000

Account receivable 6,000

To record cash received from Ashton Trucking Company.

5 Sep. 18 Bad debt 11,000

Account receivable 11,000

To record accounts receivable from Ashton written off.

5 Mar. 19 Account receivable 11,000

Bad debt 11,000

To record transfer of bad bad back toaccounts receivable.

5 Mar. 19 Cash 11,000

Account receivable 11,000

To record cash received from Ashton Trucking Company.

2. What are some limitations that High Performance will encounter when using the direct write-off method?

a. It is not in line with the matching principle. This is because bad debt expenses will not be reported in the same period they are incurred and might not be realized as bad expenses until the following period.

b. It can cause inaccurate balance sheet as it does give the actual amount of accounts receivable of a company.

c. It method of recording violates GAAP and financial statements does to present the actual financial performance of the business.

d. It overstates accounts receivable as the full amount of amount owed to the company from credit sales will be reported as accounts receivable.

6 0

3 years ago

If bond interest expense is $800,000, bond interest payable increased by $8,000 and bond discount decreased by $2,000, how much

Zarrin [17]

If bond interest expense is $800,000, bond interest payable increased by $8,000 and bond discount decreased by $2,000, how much cash was paid for bond interest? = $806,000

5 0

3 years ago

Delta Services, Inc., is the major wholesale distributor of software in the state of Florida. Its closest competitor is Efficien

nata0808 [166]

Answer:

Market division

Explanation:

Basically this is Dividing territories (also market division) which is an agreement by two companies to stay out of each other's way and reduce competition in the agreed-upon territories.

In our case, Delta stays out fo Efficient's way and the latter does the same.

5 0

4 years ago

At December 31, 2017, Twin Rivers Company had 450,000 shares of common stock issued and outstanding, 350,000 of which had been i

Feliz [49]

Answer:

3.033

Explanation:

Outstanding shares 350,000

Shares of common stock issued 450,000

Net income $1,160,000

Hence;

$350,000 X 8/12 = $233,333

$450,000 X 4/12 = $150,000

$233,333+150,000=$383,333

$1,160,000/ $383,333 = 3.033

Twin Rivers' 2017 earnings per common share, rounded to the nearest penny is 3.033

8 0

3 years ago

Read 2 more answers

Options allow investors to get rid of the risks they do not want and keep the ones they do want. can be used for hedging but not

Anna35 [415]

Answer:

allow investors to get rid of the risks they do not want and keep the ones they do want

Explanation:

In the option, it permit the investor to get rid of the risk as they dont want also it keeps that one which they want

The other options are to be considered incorrect as in the second option, it is used for the speculation also, the third option is wrong as the holders of the options have the right but not the obligation, and the last option is incorrect as it is used for bet in the case when the price is decline or increase

Therefore the first option is correct

5 0

3 years ago