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3 years ago

Which of the following scenarios might indicate that you have been a victim of identity theft

Business

2 answers:

weeeeeb [17]3 years ago

8 0

I do not know the answer to this i went over this and saw it a couple of times but it slipped my mind

morpeh [17]3 years ago

6 0

This scenario is traumatic to the victim on which his/her identity is being used by someone to process a transaction or involve in any activities that they harm others. This kind of crime is beneficial only to the person who stole the identity of other people where she/he can get money and other benefits out his/her committed crime.

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A entry to a liability account decreases the account balance

alexira [117]

Answer:

Asset accounts. A debit increases the balance and a credit decreases the balance. Liability accounts. A debit decreases the balance and a credit increases the balance.

Explanation:

6 0

3 years ago

ABC, Inc. discounts a 5%, 9-month, $1,000 note with a financial institution after holding the note for 3 months. The note was re

Gnoma [55]

Answer:

interest receivable 12.50 debit

interest revenue 12.50 credit

--adjusting entry for the interest accrued--

interest expense 11.31 debit

cash 1,001.19 debit

note receivable 1,000.00 credit

interest receivable 12.50 credit

--to record early discount of the note--

Explanation:

We are going to write-off the note and check for the interest expense:

book value of the note:

principal + interest accrued

principal x rate x time = interest

1,000 x 0.05 x 3 months/12 month a year = 12.50

we had interest receivable for 12.50

1,000 + 12.5 = 1,012.5 we receive 1,001.19

interest expense: 11.31

We are following this process to avoid compensate balance as is the company earned interest during those three months and then it pay interest to get cash earlier.

8 0

3 years ago

Please help, please

Alex

Answer:

c) $1,500,000

Explanation:

Typically inventory for $3,000,000 will last for 30 days. The current order will be depleted by the 15th, which is half of 30 days. You require inventory to run for another 15 days. The inventory required will be half or $3,000,000

=$3,000,000 /2

=$1,500,000

6 0

2 years ago

The range rule of thumb roughly estimates the standard deviation of a data set as _______.

goblinko [34]

Range is the measure of variation that is very sensitive to extreme values. It is the difference between high and low values, while standard deviation is the standard measure of variation.The range rule of thumb roughly estimates the standard deviation of a data set as s=range/4 , where s stands for standard deviation and
<span>range = Maximum - Minimum</span>

5 0

3 years ago

The Allowance for Bad Debts has a credit balance of $ 7 comma 500 before the adjusting entry for bad debts expense. After analyz

Olenka [21]

Answer:

The amount of bad debt exp is 7000

Explanation:

Allowance for bad debt exp has a credit balance of 7500 before adjusting entry

Now the management wants to estimate the uncollectible accounts at 14500

So we have to increase the balance of the allowance account from 7500 to 14500

Like 14500-7500=7000

So we need to record the entry by 7000 to increase the amount of the allowance to 14500

The entry

Bad debt exp Dr. 7000

Allowance for doubtful accounts Cr 7000

Now the bad debt exp will be reported in the income statement by 7000

5 0

3 years ago