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3 years ago

When explaining credit to a friend, which of the philosophy can you use?

Business

1 answer:

tatiyna3 years ago

7 0

Buy now, pay later is the Philosophy that i will use when explaining about credit to a friend

Explanation:

The philosophy of the credit card is based on the credit cycle.(i.e Buy Now,Pay Later)
That means that if you don't have cash-in -hand then you only need to make payment through credit card and then when you have money the amount spend gets debited from your bank Account.
The credit card follows a 50 days credit cycle

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If you wanted to make sure a company has enough money available to pay its bills, which financial statement would

lisov135 [29]

Answer:

D. Cash flow statement

Explanation:

that is the answer

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3 years ago

Drew buys 100 shares of Balsamic Corporation for $23 per share. Over the next year, Balsamic pays four quarterly dividends of 50

tangare [24]

Answer:

500 million

Explanation:

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3 years ago

When reporting on conditions relating to an entity's internal control observed during an audit of the financial statements, the

Alinara [238K]

Answer:

a Description of tests performed to search for material weaknesses.

Explanation:

When reporting on conditions relating to an entity's internal control observed during an audit of the financial statements, the auditor should include a Description of tests performed to search for material weaknesses.

Tests of controls may be performed to test the effectiveness of certain controls that auditors consider relevant to preventing and detecting errors and fraud that are material to the financial statements, thereafter a management report must be issued to the audit committee for any deficiencies in controls to be addressed. The management letter describes the tests performed and the results in each category

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3 years ago

Tuller wants to start a commercial trucking business and also wants to form his own limited liability company (LLC). Tuller, as

sweet-ann [11.9K]

Answer:

d, all states, as no state requires at least two members to create an LLC

Explanation:

The requisite of two members to create an LLC was removed from all states in the USA. Now, all states allow a single-member LLC. Massachussets was the last one to eliminate that requisite in 2003.

Maybe this change in laws was because owners cheated on that requisite by placing as the two members (owners) a man and his wife, or a woman and her husband, or some other person (in direct relation with the owner) which was just placing the name but the company actually belonged to only one member.

4 0

3 years ago

Don executes a will leaving half of his farm to his spouse Elsie and the rest to his sons, Frank and Greg, in equal shares. The

SVETLANKA909090 [29]

Answer:

Don executes a will leaving half of his farm to his spouse Elsie and the rest to his sons, Frank and Greg, in equal shares. The will disinherits a third son, Hal. Don and Elsie divorce, but Don dies before changing his will. Under the Uniform Probate Code:

c. Frank and Greg receive the entire estate in equal shares.

Explanation:

Uniform Probate Code is applicable in almost 18 states of the United States that was developed to standardize the laws of wills, trusts, and intestacy.
The option a is not correct as Elsie can't get the half of the farm as Don and Elsie were divorced.
The option b is also incorrect as Elsie can't get the half of farm as well as Hal will not get the share.
The option c is correct as it is in accordance with Uniform Probate Code.
The option d is incorrect as state can't inherits the entire estate in the presence of heirs.

6 0

3 years ago