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Rom4ik [11]
3 years ago
10

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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While sailboarding, Jolie is injured when Kirby carelessly crosses her path. Kirby’s insurance company offers Jolie $50,000 to r
ser-zykov [4K]

Answer:

Enforceable

Explanation:

-Jolie made a promise not to to proceed with legal claims thereafter in exchange for <em>monetary compensation</em> when she accepted the release agreement.

-The release agreement is legally binding and shields Kirby from future legal claims.

-The release is thus enforceable.

4 0
3 years ago
Calistoga Produce estimates bad debt expense at 0.50% of credit sales. The company reported accounts receivable and allowance fo
zysi [14]

Answer:

(D) $ 1,450

Explanation:

The ending balance in allowance for uncollectible accounts is calculated by the following equation.

Opening Balance + Allowance for the year - Receivables written off = Ending Balance

$ 1,610 + $ 1,590 (0.5 % of sales on credit, $ 318,000 *0.5%) - $ 1,750 ( Receivables written off) = Adjusted allowance for uncollectible accounts <u>$ 1,450</u>

The amounts collected are not relevant in  calculating the ending balalnce

4 0
3 years ago
Liquidity risk is defined as the risk of A. not being able to sell an investment conveniently and at a reasonable price. B. havi
Soloha48 [4]

Answer:

having declining price levels affect the reinvestment rate of your current income stream

3 0
3 years ago
Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire on July 17 and received an in
galina1969 [7]

Answer:

c. $6,076

Explanation:

Calculation for what Alison should record the purchase

Purchase=$6,200 ×(100%-2%)

Purchase=$6,200 ×98%

Purchase=$6,076

Therefore if Alison uses the net method to record purchases she should record the purchase at:$6,076

7 0
3 years ago
A company had $7,040,000 in net income for the year. Its net sales were $15,600,000 for the same period. Calculate its profit ma
ivann1987 [24]

The measure of a product, service, or company's profitability is its profit margin. The bigger the percentage representing the profit margin, the more profitable the company is.

Profitability is gauged by profit margin. Finding the profit as a proportion of revenue is used to calculate it.

Profit margin=44.9%

Explanation to the answer:

Profit margin =Net income / sales

                    =7,050,000 / $ 15,700,000

                    =0.44904

                    =44.9%

Profit margin =44.9%

Learn more about profit margin here brainly.com/question/24161087

#SPJ4

5 0
2 years ago
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