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3 years ago

Other than fees, what is a drawback (negative) to having credit?

Business

2 answers:

Mice21 [21]3 years ago

4 0

Answer: The correct answer is A

Explanation:

I put A on USA test prep and it was correct

xeze [42]3 years ago

3 0

I would have to say that the answer is B. Hope this helps!

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The service profit chain is the service sequence from employees to customers to profit. According to this concept, the company's

Serga [27]

Answer:

Explanation:

7 0

3 years ago

Sosa Diet Supplements had earnings after taxes of $1,170,000 in 20X1 with 347,000 shares of stock outstanding. On January 1, 20X

Sphinxa [80]

Answer:

A. $3.37

B. $3.41

Explanation:

A.Computation for earnings per share for the year 20X1

20X1 Earnings per share= $1,170,000/347,000

20X1 Earnings per share= $3.37

Therefore earnings per share for the year 20X1 will be $3.37

B. Computation for earnings per share for the year 20X2.

First step is to calculate the Earnings available to common stockholders

Earnings available to common stockholders = $1,170,000x (1+.31 )

Earnings available to common stockholders = $1,170,000x 1.31

Earnings available to common stockholders = = $1,532,700

Second step is to calculate the Common shares outstanding

Common shares outstanding = 347,000 + 103,000

Common shares outstanding = 450,000

Now let calculate the earnings per share for the year 20X2

20X2 Earnings per share=$1,532,700/450,000

20X2 Earnings per share = $3.41

Therefore earnings per share for the year 20X2 will be $3.41

8 0

2 years ago

Given the cost formula, y = $7,000 + $1.80x, total cost for an activity level of 4,000 units would be:

zaharov [31]

The total cost for this certain activity level can be calculated by substituting 4000 to the x of the equation given above,
y = 7000 + 1.8(4000)
y = 14200

Thus, the total cost of the activity level is $14,200.

4 0

2 years ago

Adams Company has employed a bookkeeper who is inexperienced. On December 28, after reviewing the records for the year, you disc

adell [148]

Answer:

Debit Credit

Trade payable $300

Cash $300

Explanation:

First we have to reverse the wrong journal entry which has been made by the inexperienced bookkeeper in the Adams Company accounts:

Debit Credit

Trade payable $300

Cash $300

Now we have to record the correct journal entry in the accounts of Adam Company in respect of account settlement with supplier which is given as follow:

Debit Credit

Trade payable $300

Cash $300

6 0

3 years ago

Read 2 more answers

Cindy invests $3000 in a bond trust that pays 8% interest compounded semiannually. Her friend, Jimmy, invests $3000 in a certifi

Elanso [62]

Answer:

Cindy has more amount than Jimmy.

Explanation:

Amount invested by Cindy P = $3000