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Arlecino [84]
3 years ago
6

Describe at least one way in which a line of credit is different from a loan.

Business
1 answer:
denis-greek [22]3 years ago
8 0

A line of credit is similar to a credit card in that it is a flexible borrowing solution. You can draw on this revolving loan by writing a check.  You are can also borrow any part of your credit line again once you have repaid it. There are no payments until you use your line.

With a personal loan, you get the whole loan when you're approved and you start paying interest right after on the full amount. You have a schedule of payments that will get smaller until the loan is paid off.

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A customer sells 1 ABC Corporation put for 2 on February 22, 2019, with a strike price of 50 and an expiration date of March 16,
Deffense [45]

Answer: a. He has an acquisition cost of $4,800 and a date of acquisition of March 15, 2007.

Explanation:

A Put amount gives the holder the right to sell underlying assets. As the Put was exercised, the customer would have to buy the underlying stock and the price they will pay for it is the strike price of the Put less the cost of the Put.

Options contracts come in 100s so;

Acquisition cost = (50 - 2) * 100

= 48 * 100

= $4,800.

The date of acquisition is the day the put was exercised.

8 0
3 years ago
Journalize the following transactions for Combs Company.
Anarel [89]

Answer: See explanation

Explanation:

a. Debit: Raw material $12000

Credit: Account payable $11500

Credit: Material price variance $500

(To record material purchase)

b. Debit: Work in process 11600

Credit: Raw material 11200

Credit: Material price variance 400

(To record material issued)

Note:

Material price variance for (a)= 12000 - 11500 = 500

Work in progress = 5800 × 2 = 11600

Material price variance for (b) = 11600 - 11200 = 400

5 0
3 years ago
Kenneth Company uses activity-based costing. It budgets $1,650,000 of overhead cost to sustainably dispose of 6,600 tons of haza
Shkiper50 [21]

The cost of hazardous waste disposal as part of Job 125 using activity-based costs is $2,500.

<em>$1,650,000 / 6,600 tons = $250/tonHazardous waste disposal = 10 tons × $250 per ton = $2,500</em>

<em />

<em />

A company is a prison entity shaped by means of a group of individuals to engage in and function as a commercial enterprise—business or business—organization.

A company may be organized in various ways for tax and monetary legal responsibility functions depending on the company law of its jurisdiction.

There are 3 not unusual varieties of companies—sole proprietorship, partnership, and business enterprise—and each comes with its very own set of blessings and downsides.

Learn more about the company here:-brainly.com/question/24448358

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5 0
1 year ago
ynwood, Inc. produces two different products (Product A and Product X) using two different activities: Machining, which uses mac
Harrizon [31]

Answer:

$270,000

Explanation:

Calculation for the amount of Machining cost assigned to Product A

Using this formula

Machine cost=Machine hours*Activity rate

Let plug in the formula

Machine cost=1,800*$150

Machine cost =$270,000

Therefore the amount of Machining cost assigned to Product A will be $270,000

5 0
3 years ago
To obtain a Class E license, you must _____.
Maurinko [17]

Answer:

B. Pass the vision exam at the FLHSMV. I believe this is the correct answer.

Explanation:

4 0
3 years ago
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