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faltersainse [42]
3 years ago
13

Sean’s mother had to make an emergency purchase of a new tire because her tire went flat while she was traveling to the store. S

he is not sure how much money she has in her checking account. Which method of payment should she use to be financially responsible?
A. She should pay by telephone with her debit card.
B. She should pay with a debit card.
C. She should pay with a credit card.
D. She should pay with a check.
Business
1 answer:
andrew-mc [135]3 years ago
5 0

dave ramsey says debit!!!

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In 2007, Wagner Associates appropriated $65,000 of retained earnings to satisfy the restrictive covenant of a loan agreement. Wh
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Answer:

The financial statements effects of the appropriation are as follows:

a) Retained Earnings will reduce by $65,000 in the Income Statement and the Balance Sheet.

b) Cash balance will also reduce by $65,000 in the Balance Sheet.

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Normally, partnerships can distribute or appropriate their profits according to their partnership agreements.  However, there may be restrictive loan covenants that can specify how much profits partnerships can distribute among the partners.  The purpose of such covenants is to ensure that the ability of the partnership to repay loans are not compromised through profit appropriations.

Financial institutions, therefore, to secure the loans advanced to businesses may include restrictive covenants.  Some restrictive covenants may specify the minimum cash balance to maintain.  Restrictive covenants, generally, remain measures to overcome unwanted business outcomes.  It is a form of insurance against loan repayments.

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The MR = MC rule Multiple Choice applies both to pure monopoly and pure competition. applies only to pure competition. applies o
Neko [114]

The MR = MC rule C. applies only to pure monopoly.

<h3>What is monopoly?</h3>

It should be noted that monopoly simply means the only seller of a good to service in the market.

In this case, the MR = MC rule applies only to pure monopoly.

In conclusion, the correct option is C.

Learn more about monopoly on:

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