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Sergio [31]
3 years ago
11

Credit cards are

Business
1 answer:
Ymorist [56]3 years ago
8 0
<span>Credit cards are included in neither the M1 definition of the money supply nor in the M2 definition. Credit cards do not come under these definition because M1 and M2 by definition deals with deposits, saving accounts tiny deposits and assets conversion and cash in the money supply sector. Hence the concept of credit cards is not covered in M1 and M2.</span>
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Assume that a lessor applies the five criteria to a lease involving equipment and determines that a lease should be classified a
Vaselesa [24]

Answer:

Debit to Lease receivable for the sum of the cash payments over the term of the lease.

Explanation:

Lease payments are classified as an asset receivable to the lessor in the future. Hence we debit lease receivable.

4 0
3 years ago
Materials that become an important component of the finished product whose cost can be easily and conveniently traced to the fin
Ipatiy [6.2K]

Materials that become independent components of the finished product and whose cost can be easily and conveniently traced to the finished products are <u>direct materials.</u>

<u></u>

<h3>What are direct materials?</h3>

Those components pass into a manufactured product are called as Direct materials. Direct materials cost refers to the cost of direct materials which may be without problems recognized with the unit of production.

For example, the value of glass is an immediate substance cost in light bulb manufacturing.

Hence, Materials that become independent components of the finished product and whose cost can be easily and conveniently traced to the finished products are <u>direct materials.</u>

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8 0
1 year ago
how does the cost of financial capital influence innovative research and development activities in a competitive market?
Marysya12 [62]

Because R&D initiatives are expected to yield a greater rate of return, businesses seek a huge quantity at a cheap cost.

<h3>What are the necessary finances?</h3>

To calculate your financial requirement, divide your anticipated family commitment by two and the cost of attendance (COA) for even a school (EFC). Although COA varies from university to university, your EFC does not change no matter which school you attend.

<h3>Which four necessities in terms of financial are there?</h3>

For the majority of Americans, job is the first step toward financial stability. People need revenue to meet expenditures and for budgetary considerations. They also must invest for the future, save cash for a rainy morning, borrow money to acquire assets, plus insure yourself against shocks.

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3 0
1 year ago
Mogul Company ships merchandise to Ski Outfit in a consignment arrangement. The arrangement specifies that Ski Outfit will attem
Juliette [100K]

Answer:

$24,000

Explanation:

According to the consignment accounting, it States that any inventory sent on consignment by the consignor to the consignee, belongs to the consignor until the inventory is sold by the consignee.

Regarding the above, Mogu company sent inventory costing $100,000 and out of this, only $76,000 has been sold. The remaining inventory still belongs to the consignor and the amount of this inventory is;

$100,000 - $76,000 = $24,000

Therefore, Mogul would report $24,000 worth of inventories at year end.

7 0
3 years ago
Businesses can be classified into the following forms: sole proprietorship, partnership, corporation, limited liability company
algol [13]

Answer:

b) Income is allocated on a pro rata basis

Explanation:

A partnership is an agreement between two or more people to oversee a business and share in the profit and losses made by the business.

In a partnership when income comes in it is shared.on a pro rata basis.

This means income is given based on the level of ownership of the business.

For example a partner that has 60% ownership of the partnership is expected to collect 60% of the business income.

Pro rata is also called proportional rate.

8 0
3 years ago
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