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3 years ago

Credit bureau decides if you recieve credit or not? true or false?

Business

1 answer:

Vaselesa [24]3 years ago

6 0

False

Credit Bureau supplies ratings based off of prior credit history. Companies / banks decide if you are worthy of loans based off of these ratings.

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Job 101 was completed and sold for $60,000. Job 102 was completed but not sold. Job 103 is still in process. Actual overhead cos

castortr0y [4]

Answer:

Required 1

Debit : Finished Goods $53,600

Credit : Work In Process $53,600

Required 2

Debit : Cash $60,000

Debit : Cost of Goods Sold $55,000

Credit : Sales $60,000

Credit : Finished Goods $55,000

Required 3

Debit : Overheads $4,000

Credit : Cost of Sales $4,000

Explanation :

Hi, I have attached the full question as a pdf below

<u>Manufacturing Costs Calculations :</u>

Job 101 = $19,200 + $28,800 + ($420,000/60,000 x1,000) = $55,000

Job 102 = $14,400 + $11,200 + ($420,000/60,000 x4,000) = $53,600

<u>Closing Overheads :</u>

Actual Overheads = $45,000

Applied Overheads = $420,000/60,000 x 7,000 hours = $49,000

Therefore,

Overheads are over-applied ( by $4,000) and must be deducted from cost of sales

Download pdf

7 0

3 years ago

On December 31, 2017, Ball Company leased a machine from Cook for a 10-year period, expiring December 30, 2027. Annual payments

puteri [66]

Answer:

Explanation:

A capital lease is a lease arrangement in which the lessor agrees to transfer the ownership of an asset to the lessee at the completion of the lease period. During the leasing contract , the lease is treated like an asset in the company's balance sheet

Lease liability at inception = 676,000

Annual payment made on December 2017 =(100,000)

Balance lease liability on 2017 = 576,000

Lease liability on December 2018

Balance on 2017 =576,000

Factor in 10% discount on lease payment

100,000 - (576,000*10%)= 100,000-57,600 = (42,400)

Balance on lease liability = 533,600

The current liability portion =

Factoring in the 10% discount =

100,000 - (533,600*10%) = 100,000 - 53,360 = 46,640

7 0

3 years ago

Financial assets A. directly contribute to the country's productive capacity. B. indirectly contribute to the country's producti

goblinko [34]

Answer:

B) indirectly contribute to the country's productive capacity.

Explanation:

Financial assets are non-physical assets whose value is determined by contractual rights, e.g. cash, stocks, bonds, bank CDs, etc.

Financial assets indirectly contribute to the country's productive capacity since they allow individuals and businesses to invest in other private firms and government securities. This increases the amount that private firms and government can invest or spend.

3 0

3 years ago

Read 2 more answers

At the time of Mary Kay’s expansion into the Indian market, the average income in Delhi was $1,420 and in Mumbai it was $2,850 (

Ksju [112]

Answer:

Economic forces.

Explanation:

External trends and events significantly affect all products, services, markets and organization in the world.

External forces can be divided into five broad categories.

-Economic forces.

-Social, cultural, demographic and environmental forces.

-Political, governmental, and legal forces.

-Technological forces.

-Competitive forces.

The economic forces have a direct impact on the potencial attractiveness of various strategies. For example, if interest rates rice, the found needed for capital expansion become more costly or unavailable.

7 0

3 years ago

The FBLA is somewhat questionable to employers because it was founded in 1994 and has been around for only

Neko [114]

Answer:

The answer is false.

Explanation:

just did the lesson and got the question wrong on true

6 0

3 years ago