All categories

3 years ago

Which person is most creditworthy? A. Nancy B. Sylvia C. Fiona D. Uli

Business

2 answers:

pav-90 [236]3 years ago

8 0

Fionna is the answer

navik [9.2K]3 years ago

4 0

( C ) Fiona, She Buys Food And Necessities And Pays More Than The Minimum Due On Her Bills Each Month . She Goes Out With Her Friend's Using Some Of The Money That Is Left In Her Checking Account. She Puts Her Busy First And Hangout Later .

You might be interested in

On January 1, 2019, Nash Corporation granted 9,600 options to key executives. Each option allows the executive to purchase one s

dimulka [17.4K]

Answer:

Dec 31 2019

Dr Compensation Expenses 219,000

Cr Paid in Capital- Stock Options 219,000

Dec 31 2020

Dr Compensation Expenses 219,000

Cr Paid in Capital- Stock Options 219,000

Dec 31 2021

Dr Cash 256,200

Dr Paid in Capital- Stock Options 339,450

Dr Common Stock 37,200

Cr Paid in capital in excess of par common stock 632,850

Dec 31, 2023

Dr Paid in capital stock options 98,550

Paid in capital Expired Stock Options 98,550

Explanation:

Nash Corporation

Dec 31 2019

Dr Compensation Expenses 219,000

Cr Paid in Capital- Stock Options 219,000

( 438,000/2 years)

Dec 31 2020

Dr Compensation Expenses 219,000

Cr Paid in Capital- Stock Options 219,000

Dec 31 2021

Dr Cash 256,200

(219,000+37,200)

Dr Paid in Capital- Stock Options 339,450

Dr Common Stock 37,200

Cr Paid in capital in excess of par common stock 632,850

Dec 31, 2023

Dr Paid in capital stock options 98,550

(438,000×22.5%)

Paid in capital Expired Stock Options 98,550

Computation of Paid in capital stock options

438,000×77.5%= $339,450

Common stock 7,440 X 5 per share

= 37,200

Stock options redeemed 7,440/9,600= 77.5%

5 0

4 years ago

Terrapin Company engages in the following external transactions for November. Purchase equipment in exchange for cash of $22,400

netineya [11]

Answer:

Purchase equipment in exchange for cash of $22,400

Debit Equipment account $22,400

Credit Cash account $22,400

Being entries to record the purchase of equipment for cash

Provide services to customers and receive cash of $6,000

Debit Cash account $6,000

Credit Service Revenue account $6,000

Being entries to recognize revenue earned from service rendered to customer.

Pay the current month's rent of $1,700

Debit Rent expense account $1,700

Credit Service Revenue account $1,700

Being entries to recognize the payment of rent expense.

Purchase office supplies on account for $1,000

Debit Supplies account $1,000

Credit Cash account $1,000

Being entries to recognize the payment for office supplies.

Pay employee salaries of $1,700 for the current month

Debit Salaries Expense account $1,700

Credit Cash account $1,700

Being entries to recognize the payment of employee's salaries.

Explanation:

Information given about Terrapin

Purchase equipment in exchange for cash of $22,400.
Provide services to customers and receive cash of $6,000.
Pay the current month's rent of $1,700.
Purchase office supplies on account for $1,000.

Pay employee salaries of $1,700 for the current month.

To record these transactions, the following entries will be posted

Purchase equipment in exchange for cash of $22,400

Debit Equipment account $22,400

Credit Cash account $22,400

Being entries to record the purchase of equipment for cash

Provide services to customers and receive cash of $6,000

Debit Cash account $6,000

Credit Service Revenue account $6,000

Being entries to recognize revenue earned from service rendered to customer.

Pay the current month's rent of $1,700

Debit Rent expense account $1,700

Credit Service Revenue account $1,700

Being entries to recognize the payment of rent expense.

Purchase office supplies on account for $1,000

Debit Supplies account $1,000

Credit Cash account $1,000

Being entries to recognize the payment for office supplies.

Pay employee salaries of $1,700 for the current month

Debit Salaries Expense account $1,700

Credit Cash account $1,700

Being entries to recognize the payment of employee's salaries.

7 0

3 years ago

Multiple Choice: 35. Collection policy is established by

In-s [12.5K]

35. The collection policy is established by the practice accountant.

36. Collection guidelines are best communicated to the patient via the receptionist.

<h3>Who establishes the collection policy?</h3>

A collection policy is a set of guidelines a business adopts to guarantee the payment of receivables. The collection policy should be in writing and properly adhered to, much as the credit policy as a whole. The creation and implementation of collection policies, as well as the tracking of the outcomes of collection efforts, are done by a doctor, practice administrator, office manager, or collections manager.

The goal of developing collection policies and processes is to persuade clients to pay bills on time and to collect past-due accounts within the 30 to 90 day window that businesses normally establish before deeming past-due accounts uncollectible, writing them off, and going out of business.

To learn more about collection policy, visit:

brainly.com/question/17042471

#SPJ1

4 0

1 year ago

The following data is for the coming year. FinCorp's Net Income is reported as $195 million. Depreciation Expense is $20 million

Gennadij [26K]

Answer:

Net Income = $195 million

Depreciation Expense = $20 million

Decrease in Accounts receivable = $20 million

Decrease in accounts payable = $10 million,

Increase in inventories = $10 million

Increase in Net debt = $3 million

Increase/Decrease in working capital = Increase in inventory + Decrease in Account payable - Decrease in Account Receivables

= $10 milliion + $10 million - $20 million

= $0 million

Free Cashflow for equity calculation

Net Income $195 million

Add: Depreciation $20 million

Less: Capital expenditure ($0 million)

Less: Increase in working capital ($0 million)

Add: Increase in Net debt <u>$3 million </u>

Free Cash flow for Equity (FCFE) <u>$218 million</u>

<u></u>

Given FCFE growth rate (g) = 3%

Cost if equity (RE) = 11%

Market value of equity (VE) = FCFE / Re - g

Market value of equity = 218 million / 0.11 - 0.03

Market value of equity = 218 million / 0.08

Market value of equity = $2,725 million

4 0

4 years ago

Decision making is often a biased and flawed process. If a person can identify and be aware of their biases, they may be able to

Rainbow [258]

Answer:

1) Availability - Amber

2) Representativeness - Logan

3) Confirmation - Mike

4) Sunk cost - Katrina

5) Anchoring and adjustment - Sue

6) Overconfidence - Bill

7) Hindsight - Kathy

8) Framing - Allison

9) Escalation of commitment - Patrrick

Explanation:

3 0

3 years ago