1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sedbober [7]
3 years ago
5

One advantage of credit is that it can give you a float time between buying the product and when you need to pay for it.

Business
2 answers:
Sergio039 [100]3 years ago
6 0

Answer: It's True

Explanation:

erik [133]3 years ago
4 0

Answer:

true

Explanation:

i just took the test

You might be interested in
You purchased 200 shares of ABC stock on July 15th. On July 20th, you purchased another 100 shares and then on July 22st you pur
Mashutka [201]

Answer:

$330

Explanation:

The computation of the dividend income received as on July 31 is shown below:

where,

Total number of shares purchased is

= 100 shares + 200 shares

= 300 shares

And, the dividend per share is $1.10

So, the dividend income received is

= 300 shares × $1.10

= $330

We simply applied the above formula to determine the dividend income received

7 0
3 years ago
In January 2021, Vega Corporation purchased a patent at a cost of $200,000. Legal and filing fees of $50,000 were paid to acquir
ale4655 [162]

Answer:

c. $215,000

Explanation:

The computation of the amount charged to income is shown below:

But before that first we have to determine the book value as on Jan 2024 which is

Total patent cost

= $200,000 + $50,000

= $250,000

Amortized cost till year 2024 is

= ($250,000 ÷ 10 years) × 3 years

= $75,000

The three years is counted from 2021 to 2024

Now

Book value on Jan 2024 is

= $250,000 - $75,000

= $175,000

So,

Amount charged to income  is

= $175,000 + $40,000

= $215,000

6 0
3 years ago
Preferred stock which confers rights to prior periods' unpaid dividends even if they were not declared is called:
Zanzabum
<span>Preferred stock which confers rights to prior periods' unpaid dividends even if they were not declared is called: </span>Cumulative preferred stock
In cumulative preferred stocks, the amount of dividend usually given on a fixed-rate annually. But, it shall always be set aside before calculating the dividend for the common stock and the amount will be accrued for the next period if the dividend is not paid on current period.
6 0
3 years ago
At its date of incorporation, Wilson, Inc. issued 100,000 shares of its $10 par common stock at $11 per share. During the curren
Alla [95]

Explanation:

The journal entry to record the re-issuance of the stock is shown below:

Cash A/c Dr $240,000      (20,000 shares × $12)

Retained earnings A/c Dr  $80,000

       To Treasury stock $320,000

(Being the re-issuance of the stock is recorded)

The computation is shown below:

For treasury stock

= 20,000 shares × ($16 per share - $12 per share)

= $80,000

So as we can see the retained earnings is decreased by  $80,000

8 0
3 years ago
For m &gt; p2, the demand functions for goods 1 and 2 are given by the equations, x1 =m/p2 - 1 and x2 = p1/p2, where m is income
dmitriy555 [2]

Answer:

Option B is correct.

<u>A horizontal line</u>

Explanation:

Then for m > 2 , the income offer curve would be a horizontal line.

Income offer curve define as the curve which depicts the optimal choice of two goods at different levels of income at constant price. It is otherwise known as "Income Expansion Path"

8 0
3 years ago
Other questions:
  • Many states have language in their constitutions that requires the state to provide for an "adequate" level of k-12 education sp
    11·1 answer
  • One test of evidence is "does the evidence come from unbiased sources?"
    6·1 answer
  • Sara is the team leader for the remote coding project team at her hospital. Sara reports to the chief financial officer (CFO). T
    8·1 answer
  • If the United States were to produce all of its own steel, rather than importing large quantities of steel from other nations, t
    8·1 answer
  • The standard cost card for one unit of a finished product shows the following: Standard Quantity or Hours 12 feet 1.5 hours Stan
    12·1 answer
  • Red Empire Inc., a large multinational company owned by two partners, is active in the petroleum, capital market, chemicals, ste
    12·1 answer
  • If the expected sales volume for the current period is 8,000 units, the desired ending inventory is 1,400 units, and the beginni
    6·1 answer
  • What is the difference between simple and compound interest rates
    5·1 answer
  • As you move through your career and begin to seek promotions, it is helpful to ______. a. Target and train for specific career p
    13·2 answers
  • The following condensed balance sheet is for the partnership of Hardwick, Saunders, and Ferris, who share profits and losses in
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!