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3 years ago

What is credit?............

Business

2 answers:

almond37 [142]3 years ago

6 0

<u>Credit</u>

Credit is the capacity to obtain cash or access merchandise or administrations with the understanding that you'll pay later.

Credit is a sound understanding in which a borrower gets something of significant worth now and consents to reimburse the moneylender at some date later on, for the most part, with premium. Credit likewise refers to a bookkeeping passage that either diminishes resources or builds liabilities and value on the organization's monetary record .

kondaur [170]3 years ago

4 0

Answer:

It’s trust you have in getting back the money that was borrowed

Explanation:

It’s trust you have in getting back the money that was borrowed

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bulgar [2K]

Answer:

Following are the solution to this question:

Explanation:

Please find the complete question and its solution in the attached file.

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3 years ago

On February 1, the Acts Tax Service received a $3,600 cash retainer for tax preparation services to be provided rateably over th

MatroZZZ [7]

Answer:

$2,700

Explanation:

The computation of the unearned service revenue balance reported on the February 28 balance sheet is shown below:

= Total cash received - expired service revenue

= $3,600 - $900

= $2,700

The expired service revenue is

= Received amount ÷ number of months

= $3,600 ÷ 4 months

= $900

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3 years ago

Personal Finance<br> What is a motive?

AleksAgata [21]

Motive is the reason behind the demand which in most cases is either money or quality

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3 years ago

On January 12, 2021, Jefferson Corporation purchased bonds of Rose Corporation for $52 million at par and classified the securit

sineoko [7]

Answer:

Transaction gain = $16 million

Explanation:

Given:

Purchase amount = $52 million

December 31, 2021, bonds value = $46 million

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Computation:

Using multi-step approach

Transaction gain = October 3, 2022, bonds sold - December 31, 2021, bonds value

Transaction gain = $62 million - $46 million

Transaction gain = $16 million

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3 years ago

Which of the following is a likely reason that a company would move its facility from one location to another?

Finger [1]

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3 years ago