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4 years ago

12

Which of the following statements about credit scores is TRUE? A.Credit scores reflect how likely individuals are to repay their

debts. B.Credit scores range from the low 300’s to the mid 800’s. C.Each person has three credit scores. D.All of the above.

1 answer:

makvit [3.9K]4 years ago

4 0

D. All of the above.

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Why are checking accounts called demand deposits

OleMash [197]

Answer:

A checking account and savings account also called demand deposits because they are accessible at any time via teller, ATM, or online banking hence on demand.

Explanation:

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3 years ago

A Bathtub model of the start of the Great Depression would show the water level becoming lower with Investment inflow being less

Aneli [31]

Answer:

LESSER THAN

Explanation:

During the Great Depression, it was a period of recession that meant that investments were low and less than savings which meant that 'household' was unwilling to invest its money as it had lost confidence in the American economy. This will lead to Aggregate Demand being Lesser than Aggregate Supply as consumption fell drastically during the great depression

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3 years ago

Classify the following cash flows as either operating, investing, or financing activities assume indirect method. 32 (8 01:40:41

olga nikolaevna [1]

Answer:

1. Received cash from long-term debt issuance.

Classification: Financing activities

2. Paid long-term debt with cash.

Classification: Financing activities

3. Received cash from short-term debt issuance.

Classification: Financing activities/Operating activities

4. Issued common stock for cash.

Classification: Financing activities

5. Paid cash for wages and salaries.

Classification: Operating activities

6. Received cash interest on a note.

Classification: Operating activities

7. Paid cash for property taxes on building.

Classification: Operating activities

8. Paid cash for utilities.

Classification: Operating activities

9. Sold stock investments for cash.

Classification: Investment activities / Finance activities

10. Received cash from sale of equipment.

Classification: Investment activities

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3 years ago

The City of West Hutchison is constructing a new road, which it estimates will cost $7.2 million. The city will finance the road

Mice21 [21]

Answer:

1.

Budgetary fund balance reserved for encumbrances (DR) $7,200,000

Encumbrances-Capital Project (CR) $7,200,000

2.

Cash (DR) $1,200,000

Government Grant (CR) $1,200,000

3.

Cash (DR) $6,000,000

Bonds Payable (CR) $6,000,000

Explanation:

1. The Budgetary entry for encumbrance is given as follows :

Budgetary fund balance reserved for encumbrances (DR) $7,200,000

Encumbrances-Capital Project (CR) $7,200,000

2. The government grant received will be recorded as :

Cash (DR) $1,200,000

Government Grant (CR) $1,200,000

3. The Issuance of Bonds needs to be recorded in the journal ledger as :

Cash (DR) $6,000,000

Bonds Payable (CR) $6,000,000

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3 years ago

An economy initially has 200 units of physical capital per worker. Each year, it increases the amount of physical capital by 10%

tatyana61 [14]

Answer:

266,2 units of capital per worker

Explanation:

The capital growth as stated is compound growth. Since technology and human capital are constant, there is not expected changed in productivity factors relationship, so the formula for compound growth, in this case, is: capital per worker in 3 years' time = capital per worker * (1+ annual rate growth) ^ 3. Computing numbers would be: capital per worker in 3 years' time = 200*(1+10)^3= 266,2

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3 years ago