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kykrilka [37]
4 years ago
10

If a credit application is rejected, the creditor must give you the specific reasons or tell you how you can obtain your credit

results if you ask within how many days?
Business
1 answer:
kolbaska11 [484]4 years ago
4 0
<span>the creditor must give you the specific reasons or tell you how you can obtain your credit results if you ask within 60 days

Accepted reason for this rejection could only be based on your financial situation and not your race/gender. Such as: you don't have enough income, you are not employed, you have too much debt, etc</span>
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Farr Company purchased a new van for floral deliveries on January 1, 2020. The van cost $56,000 with an estimated life of 5 year
marta [7]

Answer:

The balance of the Accumulated Depreciation account at the end of 2021 is $26,880

Explanation:

Under the straight-line method, useful life is 5 years, so the asset's annual depreciation will be 20% of the Depreciable cost.

Depreciable cost = Total asset cost - salvage value =  $56,000-$14,000 = $42,000

Under the double-declining-balance method the 20% straight line rate is doubled to 40% - multiplied times the Depreciable cost's book value at the beginning of the year.

Depreciation expense for 2020 = 40% x $42,000  = $16,800

At the beginning 2021, the Depreciable cost's book value is $42,000-$16,800 = $25,200

Depreciation expense for 2021 = 40% x $25,200 = $10,080

The balance of the Accumulated Depreciation account at the end of 2021 = $16,800 + $10,080 = $26,880

8 0
3 years ago
The chart shows the marginal cost of producing apple pies.
damaskus [11]

Answer:

initially decreases as production increases.

Explanation:

Marginal cost refers to the additional expenses incurred by producing one more unit. According to the chart, the production of the first item had a marginal cost of $1.  the second item had a marginal cost of $0.50, and the third item $0.25. The marginal cost trend is on the decline.

The marginal cost starts to increase after the fourth item. It is clear that the marginal cost was initially declining but began to rise as production increased.

8 0
3 years ago
Read 2 more answers
What happens to the total surplus in a market when the government imposes a tax?.
Simora [160]

Total surplus decreases in a market when the government imposes a tax.

<h3>What is tax?</h3>

Tax is a compulsory levy, impose on an individual or institutions by the government of a country.

When the government levies tax on the goods produced, producers will pass some of these costs on as an increased price. This means that consumers will ultimately decrease quantity demanded and reduce producer surplus.

Learn more about taxes here : brainly.com/question/1133253

#SPJ1

4 0
2 years ago
True or false: A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over
Butoxors [25]

Answer:

<h2>True</h2>

Explanation:

8 0
3 years ago
The financial statements of Bramble Manufacturing Company report net sales of $569500 and accounts receivable of $91000 and $430
alisha [4.7K]

Answer:

8.5

Explanation:

Account receivable turnover is calculated by dividing the net credit sales by the average of account receivable .

Net sales $569,000

Account receivable $91,000

Account receivable - $43000

Average account receivables = (91000+43000)/2= $67,000

Account receivable turnover = 569000/67000 =8.5

8 0
3 years ago
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