Answer: Four years
Explanation:
One of the vital reasons for agreement is that they bind both parties in fulfilling each other's vow to what they have agreed and when any of the party goes contrary to the agreement a law suit is filed against them, the specific time to file a law suit against the other party involving structures is four years.
"Redlining" is the practice of a lender of limiting the quantity of loans available; this is against the fair housing law.
<h3>Which loan kind will quickly and significantly reduce the principal balance?</h3>
Illumination: A loan's principle is fully repaid and equity is built up more quickly the shorter its tenure. The LARGEST and SPEEDIEST principle reduction would be achieved with a multiyear loan at the a 13% interest rate.
<h3>There are four crucial steps that must be taken when a lender processes a loan:</h3>
There are four crucial steps that must be taken when a lender processes a loan. Analyze the borrower's capacity for loan repayment. Determine the estimated value of the asset serving as loan collateral. Examine the title's marketability by doing some research.
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The period between the posting date and the due date, this period is called the grace period. In this period the finance charges are not assessed on new credit card.
<h3>What is grace period?</h3>
A grace period is a period of time after the due date during which payment can be made without incurring any penalties. In most mortgage loan and insurance arrangements, a grace period of 15 days is included.
A grace period allows a borrower or insurance client to postpone payment for a certain time after the due date has passed.
Thus, grace period is the period between the posting date and due date.
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Answer:
c. Debit Retained earnings $6,200; credit Dividends $6,200
Explanation:
The journal entry to record the closing of the dividend account is as follows
Retained earnings Dr $6,200
To Dividend $6,200
(Being dividend account is closed)
While recording this given entry we debited the retained earning account and credited the dividend account so that the proper posting could be done
Answer:
The answer is: Continue to make — $60,000 advantage.
Explanation:
We have to compare the current total costs with the total costs of buying the parts from a supplier.
Current costs
- total variable manufacturing $240,000
- Supervisor's salary $60,000
- Depreciation $20,000
- <u>Allocated fixed overhead $140,000</u>
- Total current cost: $460,000
Costs of buying the parts
- total purchase price $360,000
- Allocated fixed overhead $140,000
- <u>Depreciation $20,000</u>
- total costs for buying the parts $520,000
Since buying the parts from a supplier is $60,000 more expensive than continue manufacturing ($520,000 - $460,000), Andrews Co. should continue as it is.
