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3 years ago

If you fail to pay our credit card ant the issuer tries but cannot collect the balance from you the results could be

Business

2 answers:

Zolol [24]3 years ago

8 0

Answer:

A) a charge-off.

Explanation:

A bank or any other type credit card issuer can declare a charge-off when they believe that the debtor will not be able to pay the debt. If a persons fails to make on time payments on several occasions, he/she will be considered a delinquent debtor. Usually it takes around 6 months of not paying on time in order to be declared a delinquent debtor.

Debts are charged-off for tax purposes, since they are written off as bad debt.

Juliette [100K]3 years ago

7 0

I believe its c but not sure

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If you need to confiscate a PC from a suspected attacker who does not work for your organization, what legal avenue is most appr

kirill115 [55]

Answer:

The correct answer is

b) Consent agreement signed by employees.

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3 years ago

Most presentation programs allow you to customize _____.

Alex Ar [27]

Presentation programs allow you to customize both design templates and design layouts. Hope this helps!

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3 years ago

Read 2 more answers

On January 1, Mitzu Co. pays a lump-sum amount of $2,700,000 for land, Building 1, Building 2, and Land Improvements 1. Building

Leviafan [203]

Answer:

Land (Dr.) $1,800,000

Land Improvements $540,000

Building 2 $660,000

Building 1 demolish expense $346,400

Land grading expense $187,400

Building 3 construction cost $2,242,000

Land 2 improvement cost $168,000

Cash (Cr.) $22,143,800

Explanation:

Mitzu Co. has paid lump sum amount for 2 buildings and land. The building 1 has no value so its value is considered as zero and all the amount will be attributed to land and building 2. The company has also incurred costs for the demolish of building 1 which will be charged in the books of accounts as one off expense.

8 0

2 years ago

In the RST partnership, Ron's capital is $80,000, Stella's is $75,000, and Tiffany's is $50,000. They share income in a 3:2:1 ra

uysha [10]

Answer:

C. Stella, Capital will be debited for $4,000.

Explanation:

As for the provided information, we have,

Out of all the partner's Tiffany is retiring.

Tiffany's capital balance = $50,000

On his retirement he is paid $60,000

Since no goodwill is recorded, the excess amount paid over capital = $60,000 - $50,000 = $10,000, will be debited in remaining partner's ratio.

Ron's share in these $10,000 = $10,000 $\times$ 3/(3+2) = $6,000

Stella's share = $10,000 $\times$ 2/(2+3) = $4,000

Thus, Correct answer is debiting Ron's capital by $6,000 and Stella's capital by $4,000

3 0

3 years ago

On January 1, Year 1, the City Taxi Company purchased a new taxi cab for $36,000. The cab has an expected salvage value of $2,00

Natasha_Volkova [10]

Answer:

Explanation:

Activity method based on output = (output produced that year / total output of the machine) x (Cost of asset - Salvage value)

year 2 = (48,000 / 200,000) x (36,000 - 2000) = 8160

book value = cost of asset - accumulated depreciation

accumulated depreciation = year 1 + year 2's depreciation

year 1 = (45,000 / 200,000) x (36,000 - 2000) =

- 200,000 - (7650 + 8160) =

3 0

2 years ago