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3 years ago

Please and thank you

Business

2 answers:

Leto [7]3 years ago

7 0

Answer:

cash advance = To use credit card to get money from a bank machine

Balance transfer = To use one credit card to pay off money owned on a different card

Secured card = To build a good credit rating

Annual percentage rate = To charge interest on unpaid balances.

Explanation:

uysha [10]3 years ago

5 0

1. Annual percentage rate

2. Secured card

3. Cash advance

4. Balance transfer

I hope this helps!

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Social security and medicare are

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Social safety programs that Americans pay into during their working years through taxes. Both are designed to assist older Americans and distribute benefits to the disabled and their families.

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3 years ago

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Gleason Company reported net income of $242,000 for the year. During the year, accounts receivable increased by $32,000, account

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What is depreciation expense?

A fixed asset's share that has been deemed consumed in the current period is subject to depreciation expense. The cost is subsequently added to the expense list. With this charge, the carrying amount of fixed assets will be steadily decreased as their value is depleted over time. There is no cash outflow related to this item because it is non-monetary.

When an entry is made to the depreciation expenditure account, the contra asset account that offsets the fixed assets (asset) account is the accumulated depreciation account. Over the course of a fiscal year, the balance in the depreciation expenditure account grows; at year's end, the account is flushed out and its balance is reset to zero.

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1 year ago

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On January 1, 2021, Ozark Minerals issued $10 million of 9%, 10-year convertible bonds at 101. The bonds pay interest on June 30

joja [24]

Answer:

Upon issuance, Ozark should "<em>Credit premium on bonds payable $100,000</em>"

Explanation:

Issue price of bond is ($10 million * $101) = $10,100,000

The face value of the bond = $10,000,000

The premium on bond = $10,100,000 - $10,000,000

The premium on bond = $100,000

Journal entry

Debit Credit

Cash $10,100,000

Premium on bonds payable $100,000

Bonds payable $10,000,000

Conclusion: Upon issuance, Ozark should "Credit premium on bonds payable $100,000"

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3 years ago