You can make them good by buying things with your credit card for little amounts of money and paying the bill right away!
And they allow you to buy houses and cars and qualify for things for cheaper...if you have the better credit you're going to get the house because you show you're responsible with your money.
Answer:
group polarization
Explanation:
Group polarization: In social psychology, the term "group polarization" is described as the propensity for a specific group to make a few decisions that are considered as more extreme as compared to the initial inclination of the group's members. However, group polarization occurs either in the direction of conservativeness or riskiness.
In the question above, the given statement represents group polarization.
Answer:
When accounting for revenue over time for a long-term contract, the percentage of completion used to recognize revenue in the first year usually is determined by measuring Costs incurred in the first year, divided by estimated total costs for the completed project
Explanation:
The percentage of completion method of revenue recognition is a concept in accounting that refers to a method by which a business recognizes revenue on an ongoing basis depending on the stages of a project’s completion.
In other words, the percentage of completion method is used for longer-term projects and recognizes revenue and expenses as a percentage of the project’s completion during the period.
Answer:
The Journal entries are as follows:
(a) the May 1 issuance,
Cash A/c Dr. 577,160
To Bonds - 7% $564,000
To Accrued interest $13,160
(To record the issuance)
Accrued Interest = $564,000 × 0.07 × (4/12)
= $13,160
(b) the July 1 interest payment,
Interest Payment A/c Dr. $19,740
To cash A/c $19,740
(To record the interest payment)
Interest payment = $564,000 × 0.07 × (6/12)
= $19,740
(c) the December 31 adjusting entry
Interest payable A/c Dr. $19,740
To Bonds - 7% $19,740
(To record the adjusting entry)
