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3 years ago

The amount of money you can change to a credit card is called?

Business

2 answers:

yarga [219]3 years ago

7 0

Deposit. (putting more characters because)

babymother [125]3 years ago

4 0

Checking money is the amount of money.

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if demand for overnight funds in the graph should increase by $50 billion at each and every point on the demand curve, but the f

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if each taxpayer paid the same lump-sum amount regardless of income level, the tax system would be: group of answer choices regressive. proportional. disproportionate. progressive.Franklin reviews financial data of a company to ensure accurate and complete information. Which job title does he most likely have?

Financial Manager

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Explanation:

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1 year ago

On the end-of-period spreadsheet, Supplies has a balance of $2,000 in the Unadjusted Trial Balance Debit column and an adjustmen

Mademuasel [1]

Answer:

$1,500

Explanation:

On the end-of-period spreadsheet, the credit adjustment of $500 is made in the Debit balance of Supplies inventory, which will net off the values and resulted Supplies Inventory value will be $1,500 at the end of the year and it will be reported on the financial statements. $1,500 should be appeared for supplies in the adjusted Trial Balance column.

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3 years ago

Lina Co. uses the allowance method to account for bad debts. On January 28, Lina determines that a $200 balance from ZRT, Inc. i

elena55 [62]

Answer:

c) credit to Accounts Receivable - ZRT.

f) debit to Allowance for Doubtful Accounts.

Explanation:

As for the information provided,

We know in allowance method, provision is created as and when there are doubtful debts, for which entry is

Bad Debts Expense Account Dr.

To Allowance for doubtful debts.

And when the bad debts are actually written off then,

The entry will reduce the balance of accounts receivables and that of allowance as well.

Entry will be:

Allowance for Doubtful debts A/c Dr.

To Accounts Receivables.

Thus, correct options shall be:

Option c) and f)

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3 years ago

A Methods and Measurements Analyst needs to develop a time standard for a certain task. The task involves use of a ruler, square

Alexxx [7]

Find the answer in attachment

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3 years ago

On December 31, 2020, American Bank enters into a debt restructuring agreement with Barkley Company, which is now experiencing f

Setler79 [48]

a) Since the debt modification is <u>substantial</u>, more than 10%, the gain to be recorded by Barkley Company, $600,000, will be equal to the loss recorded by American Bank under the debt restructuring.

b) Barkley Company can record a Profit under the term modification above because it is a <u>substantial</u> debt modification, with a gain of $600,000, which is 20% of the original debt.

c. The preparation of the Interest Payment Schedule is as follows:

Period PV PMT Interest FV

1 $2,400,000.00 $621,565.76 $34,262.40 $1,812,696.64

2 $1,812,696.64 $621,565.76 $25,878.06 $1,217,008.93

3 $1,217,008.93 $621,565.76 $17,374.02 $612,817.19

4 $612,817.19 $621,565.76 $8,748.58 $0.00

<h3>What is a debt modification?</h3>

A debt modification is the restructuring of debt to enable the debtor experiencing financial difficulties to regain the financial muscle to settle the restructured debt.

Debt modification can affect the following debt terms:

The amounts
Timing of interest payments
Timing of principal repayment
Rate of interest.

<h3>Data and Calculations:</h3>

12% Note Payable = $3,000,000

Revised 10% Note Payable = $2,400,000

Gain on Debt Modification = $600,00

Extended Maturity Period = 4 years

Learn more about debt modifications at brainly.com/question/1490221

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2 years ago