1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
larisa86 [58]
3 years ago
7

Which of the following statements are TRUE about credit scores?

Business
2 answers:
mestny [16]3 years ago
6 0
You want to know about credit score or credit karma?
Elina [12.6K]3 years ago
3 0
They affect your life
You might be interested in
A ________ is a person, household, or company that over time yields a revenue stream that exceeds by an acceptable amount the co
Darya [45]

Answer:

profitable customer

Explanation:

A profitable customer of a business enterprise is any economic agent which include individuals, firms and government for which the revenue generated from servicing or supplying them goods and services exceeds the entire cost incurred in providing such service or goods.

A successful business is one that is able to maintain a data base and record of all the customers and identify the profitable ones so as to concentrate on them to achieve maximum profit.

6 0
3 years ago
Why is knowledge of the key success factors in an industry important?
AURORKA [14]
<span>Distinguish how companies whose profits reflect growth in your industry are able to structure their business to cope with changes in customer needs. ... Assess your strategic objectives and your business activities to ensure that they align with achievement of your key success factors.</span>
3 0
3 years ago
Sebastian purchases two pieces of equipment for $100,000. Appraisals of the equipment indicate that the fair market value of the
Schach [20]

Answer:

$100,000

Explanation:

According to the internal revenue service ''<u>In most situations, the basis of an asset is its cost to you.</u> <u>The cost is the amount you pay for it in cash</u>, debt obligations, and other property or services. Cost includes sales tax and other <u>expenses connected with the purchase</u>.''

Therefore Sebastian's basis in these two assets is unconnected with the fair market value of the assets but with the cost.

Purchased Equipment is always recorded at its acquisition cost or its net book value, that is after deducting the accumulated depreciation . In the scenario we have no depreciation figures, hence the basis is the cost of $100,000

8 0
3 years ago
Keesha Co. borrows $230,000 cash on December 1 of the current year by signing a 150-day, 12%, $230,000 note. 1. On what date doe
muminat

Answer:

See explanation section

Explanation:

Requirement 1

April 30 is the maturity date of the note.

December 31 + January 31 + February 28 + March 31 + April 30 = 150 days.

Therefore, the note will be matured in the April 30, next year.

Requirement 2 & 3

Current year Interest: December 1 - December 31 = 30 days interest = $230,000 × 12% × (30 ÷ 360) = $2,300.

Following year Interest: January 1 - April 30 = 120 days interest = $230,000 × 12% × (120 ÷ 360) = $9,200.

Total Interest = $11,500

Requirement 4

Journal Entries

(a)  Dec. 1     Cash                     Debit      $230,000

                    Notes payable     Credit     $230,000

To record the borrow a loan by issuing a 150-day, 12% note.

(b)  Dec. 31   Interest Expense     Debit    $2,300

                    Interest payable      Credit   $2,300

To record the accrued interest expense on December 31 (Current year).

(c)  April 30  Notes payable      Debit     $230,000

                    Interest payable    Debit     $2,300

                    Interest Expense   Debit     $9,200

                                   Cash        Credit       $241,500

To record the payment of the note at maturity.

6 0
3 years ago
Of money's three functions, the one that distinguishes money from other assets is:
NNADVOKAT [17]

Answer:

Medium of Exchange

Explanation:

The main function that distinguishes money from other assets is that everybody accept the money as a medium of exchange, either for our job or to buy things that we are interested.

Always through history the main function of money was to be a medium of exchange because at the begining money didn't exist so you needed to use different things, first salt, then precious metal and today money as we know.

5 0
3 years ago
Other questions:
  • Worker Corporation allocates its single support department to its operating departments based on the single rate method using ma
    15·1 answer
  • The NIPP Call to Action is meant to guide the collaborative efforts of the critical infrastructure community to advance security
    5·2 answers
  • A law or set of laws are created to give a policy legal force
    10·1 answer
  • Brand loyalty can be created by: a. minimal advertising. b. not using patents to protect products. c. cutting the costs for rese
    14·2 answers
  • What you have found in your review regarding accounting issues; What you believe the appropriate accounting treatment should be
    7·1 answer
  • Walter Company uses a job-order costing system to account for product costs. The following information pertains to the current y
    7·1 answer
  • Accounts receivable arising from sales to customers amounted to $80,000 and $65,000 at the beginning and end of the year respect
    14·1 answer
  • What are the main issues to be addressed in a business code of ethics required by the Securities and Exchange Commission
    14·1 answer
  • What is it called when one power controlled the trade exports?
    13·1 answer
  • Korey is planning to open a comic book store near his home. after completing a population survey for 3,520 homes in a 5 mile rad
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!