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3 years ago

Which piece of information always appears on third party cards?

1 answer:

5 0

This is assuming that third party cards refer to third party issued credit cards that are issued by banks while using the credit provider's system. When you get a third party issued card, the information that is always there would be the name, the card number, the card account number, and expiration date (there is also a CVV at the back).

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On November 1, 2021, Aviation Training Corp. borrows $46,000 cash from Community Savings and Loan. Aviation Training signs a thr

emmainna [20.7K]

Answer:

Record the issuance of note.

November 1, 2021

Dr. Cash 46000

Cr. Note Payable 46000

Record the adjustment for interest.

December 31, 2021

Dr. Interest Expense 460

Cr. Interest Payable 460

(46000*6%)*3/12 = 460

Record the repayment of the note at maturity

Dr. Note Payable 46000

Dr. Interest Payable 460

Dr. Interest Expense 230

Cr. Cash 46,690

(46000*6%)*1/12 = 230

Explanation:

* At the year end the interest expense is accrued and recorded as interest payable.

4 0

3 years ago

Peterson Photoshop sold $1,300 in gift cards on a special promotion on October 15, 2021, and sold $1,950 in gift cards on anothe

Anastaziya [24]

Answer:

$1,300

Explanation:

Given that,

On November 15, 2021

sold gift cards = $1,950

Of the gift cards sold in November,

Redeemed in November = $195

Redeemed in December = $455

Therefore, the deferred revenue is as follows

= November sales - Redemptions

= November sales - (Redeemed in November + Redeemed in December)

= $1,950 - ($195 + $455)

= $1,950 - $650

= $1,300

4 0

3 years ago

A company is formulating its plans for the coming year, including the preparation of its cash budget. Historically, the company'

Alchen [17]

Answer:

c. $4,025,200

Explanation:

The computation of the total cash receipts from sales and collections in April month is shown below:

= April sales × cash sales percentage + April sales × credit sales percentage × collection month percentage + March sales credit sales percentage × Following month collection percentage

= $4,000,000 ×30% + $4,000,000 × 70% × 40% + $4,200,000 × 70% × 58%

= $1,200,000 + $1,120,000 + $1,705,200

= $4,025,200

Since cash sales are 30% , so the credit sales would be 70%

3 0

3 years ago

In pursing its own interest, an oligopoly firm will decide to increase production by 1 unit as long as

tamaranim1 [39]

In pursing its own interest, an oligopoly firm will decide to increase production by 1 unit as long as the output effect is larger than the price effect. An oligopoly happens when there is limited competition because there are only a small number of producers or sellers in the market. Due to limited competition there is no need for most of these businesses to produce more unless the output is going to produce more and become sustainable for their consumers demand.

7 0

3 years ago

As the CEO of a pharmaceutical company, Simone learned that the government was about to block the import of one of the company's

Galina-37 [17]

Answer:

She is guilty of Insider trading.

Explanation:

Insider trading is an illegal practice where a person indulges in trading activities for his own benefit with the help of confidential information.

In the above case, Simone took park in insiders trading because she had rights to some confidential information. She made use of that information towards her benefit and sold her shares before time.

I hope the answer was helpful.

3 0

3 years ago