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3 years ago

Which of the following is not a type of consumer credit?

Business

2 answers:

Masteriza [31]3 years ago

8 0

Automobile loans is not a type of consumer credit

stiks02 [169]3 years ago

6 0

Well if you used evelyns answer, you got it marked wrong. saved money is not a credit. savings account is the correct answer. a,c,and d are all loans in which effect your credit.

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It was a meat-eating dinosaur. It was about 30 feet long. It had

Ludmilka [50]

Answer:

T-rex

Explanation:

8 0

2 years ago

An aging of a company's accounts receivable indicates that $8,000 are estimated to be uncollectible. If Allowance for Doubtful A

joja [24]

Answer:

c. debit to Bad Debts Expense for $6,900.

Explanation:

Allowance for Doubtful Accounts $1,100 credit balance,

Estimated Un collectibles $8000 credit

Required Adjustment $ 6900 credit

The adjustment to record bad debts for the period will require a

c. debit to Bad Debts Expense for $6,900.

Bad Debt Expense $ 6900 Dr

Allowance for Doubtful Accounts $ 6900 Cr

Alternatively if the allowance account had a debit balance the entry would have been posted adding the two amounts.

7 0

3 years ago

Which of the following is typically considered a disadvantage of sole proprietorships? Multiple Choice Income taxes are paid by

matrenka [14]

Answer:

The answer is: Owner is personally liable for all debts of the business.

Explanation:

Sole proprietorship is the oldest type of business, where a single person is the owner of a business.

Some of the advantages of sole proprietorship are:

the simplest and most flexible business structure.
owner has complete control and full decision making powers
easy to close down the business
profits are taxed at the owner´s tax rate

Some of the disadvantages of sole proprietorship are :

owner is personally liable for all debts of the business .- if the business goes bankrupt, usually the owner does also
death or illness of the owner will lead to the end of the business.
difficulties in raising capital from outside sources

7 0

2 years ago

The manufacturing overhead budget at Polich Corporation is based on budgeted direct labor-hours. The direct labor budget indicat

Anastasy [175]

Answer:

Total overhead cash disbursement= $155,160

Explanation:

Giving the following information:

The direct labor budget indicates that 7,500 direct labor-hours will be required in February. The variable overhead rate is $8.40 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $110,250 per month, which includes depreciation of $18,090.

First, we need to calculate the allocated variable overhead:

Variable overhead= 7,500*8.4= 63,000

Depreciation is not a cash disbursement:

Fixed overhead= 110,250 - 18,090= 92,160

Total overhead cash disbursement= 63,000 + 92,160= $155,160

8 0

3 years ago

What market structure would the manufacturers of the cellular phones be categorize as?

deff fn [24]

I think it would be “oligopoly”

7 0

2 years ago