Answer:
Collection from Customers =$487,000
Explanation:
Collection from Customers=account receivable beginning balance+sales revenue-account receivable ending balance
=97000+$519,000-$65,000
=$487,000
<u>Answer: </u>Option C provide advice to buying and selling stocks
<u>Explanation:</u>
A full service broker possesses a license to perform his job. He offers services such as advice, research and planning tips for the clients. Full service broker charges a commission which are generally high as they provide various services.
The service provided by full service broker is customized for the consumers based on their needs. If the client requires a stock broker or financial advisor they are assigned to them each individually. The investment plan and wealth management can be done through full service broker.
Answer: Automatically
Explanation: The warranty of merchantability could be explained as a guarantee that a product purchased will meet the usual and regular standard or requirement of such product. Under the Uniform Commercial Code, the warranty of merchantability is implied as this automatic unless the defects in the regular nature or specification of the product is clearly stated. In the scenario above, the warranty of implied merchantability automatically arises in the sale of the trampolines and as such, the trampoline must meet the regular standard of the product since no defect is explicitly stated in the regular specification.
Answer:
B) Pay bills when they are due.
Explanation:
A loan can be defined as an amount of money that is being borrowed from a lender and it is expected to be paid back at an agreed date with interest.
Generally, the financial institution such as a bank lending out the sum of money usually requires that borrower provides a collateral which would be taken over in the event that the borrower defaults (fails) in the repayment of the loan.
A credit score can be defined as a numerical expression between 300 - 850 that represents an individual's financial history and credit worthiness. Therefore, a credit score determines the ability of a borrower to obtain a loan from a lender.
This ultimately implies that, the higher your credit score, the higher and better it is to obtain a loan from a potential lender. A credit score ranging from 670 to 739 is considered to be a good credit score while a credit score of 740 to 799 is better and a credit score of 800 to 850 is considered to be excellent.
Generally, it's recommended that loans or bills are paid on a timely basis or as at when due in order to obtain a good credit score.
Hence, a way to establish a good credit record (score) is to pay bills when they are due.
