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3 years ago

If you are planning to carry a large balance on your credit card which of the following credit card features should you look for

1 answer:

4 0

The correct answer would be a LOW APR. If you are planning to carry a large balance on your credit card the credit card feature that should you look for is with a low APR. Other options for this question include low annual fees, lots of credit card rewards and a large credit limit. Hope this answer helps.

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Which of the following is known as a partnership agreement? articles of partnership distribution of assets shared liability the

Vlad1618 [11]

The correct answer is shared liability

5 0

3 years ago

Ajax is reviewing its previous 100% acquisition of Baxter to determine if there is goodwill impairment. At December 31, 2020 Aja

Sedaia [141]

Answer:

Baxter

The amount of the Goodwill write-off required to be booked by Ajax at December 31, 2020 under the FASB rules effective in 2020 is:

= $130,000.

Explanation:

a) Data and Calculations:

Recorded Goodwill = $330,000

Book value of net assets = $400,000

Book value of all assets = $730,000 ($400,000 + $330,000)

Estimated fair value of company = $600,000

Goodwill impairment = $130,000 ($730,000 - $600,000)

b) The Goodwill impairment of $130,000 arose when the book value or the carrying amount exceeded the estimated fair value.

7 0

3 years ago

Curry Seasonings has a patented technology for finely grinding spices while maintaining flavor. This has allowed the company to

VLD [36.1K]

Answer:

Run a recoverability test and then a fair value test.

Explanation:

Business assets with a loss of value are subject to impairment tests to assess and identify the magnitude of the loss.

Measuring the magnitude of the loss requires two steps:

Performing a recoverability check is to decide whether an impairment loss occurred by determining whether the future value of the undiscounted cash flows of the asset is less than the asset's book value. If the cash flow is less than the value of the book, the loss will be assessed.
Measure the cost of damage by measuring the difference between the book value and the asset's market value.

4 0

3 years ago

A ______________ study seeks to discover the differential effects of a range of values on the independent variable on the depend

devlian [24]

Answer: parametric

Explanation:

As a general rule of thumb, when the dependent variable’s level of measurement is nominal (categorical) or ordinal, then a non-parametric test should be selected. When the dependent variable is measured on a continuous scale, then a parametric test should typically be selected. Fortunately, the most frequently used parametric analyses have non-parametric counterparts. This can be useful when the assumptions of a parametric test are violated because you can choose the non-parametric alternative as a backup analysis.

8 0

3 years ago

The revenue cycle is a major cycle for most companies. Accounts receivable, revenue, and other accounts are tested through this

Eduardwww [97]

Answer and Explanation:

1. The misstatement would depend on when there is inappropriate revenue recorded

2. For avoiding the revenue misstatement, the client should have to cut off the policies

3. The revenues are earned at the time when the company achieved or accomplished for fulfiling its obligation

4. The side agreements could modify the terms of sales

5. For recording the revenue, the collectibility needs to be confirmed

6 0

3 years ago