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nikdorinn [45]
3 years ago
12

Which is one of the best ways to avoid credit problems​

Business
1 answer:
liq [111]3 years ago
8 0

paying your bills on time if not your credit will go down

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Maren received 10 NQOs (each option gives her the right to purchase 8 shares of stock for $8 per share) at the time she started
bonufazy [111]

Answer:

Option (b) is correct.

Explanation:

Sale of share = NQOs received × No. of shares × Selling price per share

                      = 10 × 8 × $22

                      = $1,760

Gain realised:

= Sale of share - Basis

= $1,760 - [NQOs received × No. of shares × Selling price per share at $15]

= $1,760 - [10 × 8 × $15]

= $1,760 - $1,200

= $560

Tax paid = Gain realised × preferential rate

               = $560 × 15%

               = $84

6 0
3 years ago
Return to questionItem 6Item 6 E8-16 Analyzing and Interpreting Receivables Turnover Ratio and Days to Collect [LO 8-4] FedEx Co
madreJ [45]

<u>Solution and Explanation:</u>

The following formulas will be used in order to calculate the accounts receivable turnover ratio and in order to find out the number of days collect.

Accounts receivable turnover ratio = Net sales divided by Average net Accounts receivable

=\$ 50,370 /[(\$ 7,250+\$ 5,720) / 2]

=\$ 50,370 / \$ 6,485

= 7.77 times

<u>Days to collect</u> = 365 divided by Accounts receivable turnover ratio

= $365  divided by 7.77

= 47 days

<u>Note</u>: The number of days that has been assumed is 365 days

4 0
3 years ago
When a policy is surrendered for its cash value,?
ahrayia [7]
The cash surrender value<span> is the sum of money an insurance company pays to the policyholder or annuity holder in the event his </span>policy<span> is voluntarily terminated before</span>its<span> maturity or the insured event occurs.</span>
8 0
3 years ago
In a(n) ________, members eliminate internal trade barriers, adopt a common external policy toward nonmembers, and eliminate bar
Elanso [62]

Option B, In a(n) , common market members eliminate internal trade barriers, adopt a common external policy toward nonmembers, and eliminate barriers to the movement of the factors of production.

A legal agreement that creates a collection of nations that adopt a single external policy  tariff is known as a common market. Countries that participate in a single market also permit free commerce as well as the free movement of capital and labor within the group's members. It establishes a common external tax on imports in the market. Members of this market thus do away with trade restrictions and embrace or adhere to a common policy.

learn more about common market here:

brainly.com/question/3317960

#SPJ4

6 0
1 year ago
During the current year, Adams Assembly, Inc., recorded credit sales of $1,300,000. Based on prior experience, it estimates a 1
OleMash [197]

Answer:

a. Debit Allowance for doubtful debt $4,000

   Credit Accounts receivable.      $4,000

Being entries to write off debt that had been provided for.

b. Debit bad debit expense                      $13,000

   Credit Allowance for doubtful debt       $13,000

Being entries to record bad debt expense for the current year.

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales.

Based on assessment, some or all of the receivables may be uncollectible.  

To account for this, debit bad debit expense and credit allowance for doubtful debt.

Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

Bad debt = 1% * $1,300,000

= $13,000

3 0
3 years ago
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