Answer:
DSO is 50.34 days and late payment by 5.34 days
Explanation:
In this question, we use the day's sales outstanding formula which is shown below:
Days sales outstanding = (Accounts receivable ÷ Net credit Sales) × total number of days in a year
= ($60,000 ÷ $435,000) × 365 days
= 0.1379 × 365 days
= 50.34 days
Now, the customer paying early or late equals to
= DSO - Credit period
= 50.34 days - 45 days
= 5.34 days
The amount indicates a positive answer which reflects the late payment
Answer: Option C
Explanation: An adjustable mortgage (ARM) is a borrowing form in which the rate of interest charged to the remaining balance varies all across the loan's lifetime. The new interest rate is set for an amount of time with an adjustable-rate mortgage, after which it resets regularly, often quarterly or even monthly.
The mortgage can be given at the normal variable rate/base rate of the lender. There may be a clear and statutorily defined relation to the applicable index, but if the creditor does not provide a specific link to the underlying market or index, the rate may be adjusted at the option of the lender.
Answer:
b. $600
Explanation:
Calculation for what Ellison should recognize
as compensationn expense on its books
Based on the information given if the total compensation expense was the amount of $1,800 in which The service period is for three years which begins from January 1, 2010 which means that the Compensation for 2010 will be calculated by Using this formula
Compensation for 2010= Total compensation / 3 years
Let plug in the formula
Compensation for 2010 = $1,800 / 3 years
Compensation for 2010 = $600
Therefore Ellison should recognize compensation expense on its books in the amount of $600
Answer:
The correct option here is B) decomposed into a set of use cases.
Explanation:
Use case can be defined as a methodology which is used in system analysis, so that system requirements can be identified, clarified and organized in a proper way. This use case consists of all system activities , which are significant to the users. It is made up of set of possible interaction sequences which take place between system and user in an environment towards a particular goal. So when the use case becomes too complex, then it can be decomposed in to a set of use cases.
Answer: If you've been a victim of identity theft, you should order a credit report after contacting the company that reported the suspicious charge and issuing a credit fraud report (option b)
Explanation:
The credit report is separated into sections like
:
Identifying information like (name, address, date of birth, social security number)
Employment history
A consumer report (if you have added any credit account information)
A list of public records
Recent inquires
You will be provided with all the credit card activity that has been done in the past and will help you identify the suspicious transaction that you did not approve
