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3 years ago

The first step in building a good credit record is _____.

Business

1 answer:

Mekhanik [1.2K]3 years ago

8 0

Answer: open a savings account

From the given choices (apply for a credit card, open a savings account, apply for a car loan, open a store credit account), the first step in building a good credit record is to open a savings account.

Bank accounts can help you access credit and acquire a home, a car, a personal loan because banks favor existing customers, especially those who manage their money well.

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if your yearly pension was $46,875.00, what is your monthly pension? choose the best answer from the options below: a $3706.25 b

emmasim [6.3K]

The correct answer is B

5 0

3 years ago

An unfinished desk is produced for $35.65 and sold for $64.20. A finished desk can be sold for $76.00. The additional processing

Grace [21]

Answer:

Differential revenue from further processing:

= $11.80.

Explanation:

a) Data and Calculations:

Cost of production of an unfinished desk = $35.65

Selling price of an unfinished desk = $64.20

Selling price of a finished desk = $76.00

Additional processing cost = $6.15

Revenue per finished desk $76.00

Revenue per unfinished desk 64.20

Differential revenue $11.80

Differential cost per desk:

Cost of unfinished desk $35.65

Additional cost for producing 6.15

Differential from further processing $41.80

Unfinished Finished Differential

Revenue $64.20 $76.00 $11.80

Cost of production (35.65) (41.80) (6.15)

Net income $28.55 $34.20 $5.65

4 0

2 years ago

The _____ reports the financial position of a firm by identifying and reporting the value of the firm's assets, liabilities, and

Verdich [7]

Answer:

balance sheet

Explanation:

4 0

3 years ago

Listed below are several transactions that took place during the first two years of operations for the law firm of Pete, Pete, a

maw [93]

Answer:

Income statement for year 1

Service revenue $180,000

Operating expenses:

Employees salaries $85,000
Utilities $32,500
Insurance expense $19,500 $137,000

Net income $43,000

Income statement for year 2

Service revenue $230,000

Operating expenses:

Employees salaries $95,000
Utilities $30,000
Insurance expense $19,500 $144,500

Net income $85,500

Year 1 accounts receivable balance = $180,000 - $155,000 = $25,000

Year 2 accounts receivable balance = $230,000 - $185,000 + $25,000 = $70,000

Cash flows from operating activities year 1:

Net income $43,000

Adjustments to net income:

Increase in accounts payable $5,000

Increase in accounts receivable ($25,000)

Increase in prepaid insurance ($39,000)

Net cash provided by operating activities ($16,000)

Cash flows from operating activities year 1:

Net income $85,500

Adjustments to net income:

Decrease in prepaid insurance $19,500

Increase in accounts receivable ($45,000)

Decrease in accounts payable ($5,000)

Net cash provided by operating activities $55,000

4 0

3 years ago

Dave visiting an amusement park spots a mechanical bull ride. Dave watches several customers ride the mechanical bull, and he de

ololo11 [35]

Answer: The amusement park are

not liable to Dave injury, because Dave have already signed a memorandum of understanding with the amusement park, this shows that Dave already knows the injury he may get from riding the mechanical bull, but still decide to ride it.

What Dave signed was a warning from the the park, to their customers who wants to ride the mechanical bull, but still Dave did not want to listen to that warning. He has not ride the mechanical bull before, he could have asked for directions on how to control the bull.

The park will also have to show concerns on Dave's injury because it is an accident that happened to a customer in they park. A public liability insurance which covers third party injury should cover the life's of their customers who are within the parks premises.

4 0

3 years ago