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Assoli18 [71]
3 years ago
9

Name one alternate option to establish credit if you are unable to get a credit card.

Business
2 answers:
katen-ka-za [31]3 years ago
8 0

Answer:

Option D            

Explanation:

Shop credit cards have similar functions as conventional credit cards. Through the account you make payments that can be paid out over period. Most retailers may provide rewards if you place an order with the credit card, or they can provide bonuses such as extra time back for your next order.

       Yeah, in general words. Department stores cards appear to be safer than other unsecured loan cards issued by large credit card providers to just get accepted for. A discount card is not only affecting your ratings but plummeting your credit use. If you file for fresh credit, once the lender takes one of any credit files you usually get slapped with a rough request.

pshichka [43]3 years ago
6 0

Answer:

D. Get a gas or department store credit card.

Explanation:

  • A credit card forms a plastic money and consists of the credit values and is owned by a person and is added to his accounts each time when you make payment and can also be added when you return something that is brought thought the cards.
  • An alternative method to keep the records is to make use of the gas or the department store credits and that can be used as a credit card alternative at the time of need and can be renewed.
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On November 1, 2018, Reid Corporation acquired bonds with a face value of $700,000 for $673,618.61. The bonds carry a stated rat
Evgen [1.6K]

Answer:

Nov 1 2018

Dr Bonds receivable 700,000

Cr Cash 67,3618.61

Cr Discount on bonds receivable 26,381.39

April 3 2019

Dr Cash 35,000

Dr Discount on bonds receivable 2,049.02

Dr Interest revenue 37,059.02

Oct 31, 2019

Dr Cash 35,000

Dr Discount on bonds receivable 2,049.02

Cr Interest revenue 37,059.02

Nov 1, 2019

Dr Cash 700,000

Dr Discount on bonds receivable 22,283.25

Cr Notes receivable 700,000

Cr Profit on sale bonds receivable 22,283.25

Explanation:

Preparation of the journal entries to record the following:

Purchase of the bonds

Interest receipts on April 30, 2019 and October 31, 2019

Sale of the bonds.

Journal entries

Nov 1 2018

Dr Bonds receivable 700,000

Cr Cash 67,3618.61

Cr Discount on bonds receivable 26,381.39

(700,000-67,3618.61)

(To record Purchase of bonds)

April 30 2019

Dr Cash 35,000

(700,000*10%*6/12)

Dr Discount on bonds receivable 2,049.02

(37,059.02-35,000)

Dr Interest revenue 37,059.02

(673,618.61*11%*6/12)

(To record Interest receipts)

Oct 31, 2019

Dr Cash 35,000

Dr Discount on bonds receivable 2,049.02

(37,059.02-35,000)

Cr Interest revenue 37,059.02

(673,618.61*11%*6/12)

(To record Interest receipts)

Nov 1, 2019

Dr Cash 700,000

Dr Discount on bonds receivable 22,283.25

($26,381.39-$2,049.02-$2,049.02)

Cr Notes receivable 700,000

Cr Profit on sale bonds receivable 22,283.25

(To record Sale of the bonds)

8 0
3 years ago
The table below shows the expenditure components for the United States in 2015. Expenditures in the United States Expenditure Co
AlladinOne [14]

Answer:

a. $12,332.2 billion

b. $3218.9  billion

c. $3093.5 billion

d.  $18120.5 billion

Explanation:

a. The value of Consumption Expenditure = Sum of consumption expenditure on all goods and services

= $1,367.1 billion + $2,666 billion + $8,299.1 billion

= $12,332.2 billion

b. The value of Government Expenditure = Sum of expenditure by federal Government and State & Local government

= $1224.0 billion + $1994.9 billion

= $3218.9  billion

c. Gross Investment = Sum of investment and inventories

=Non-residential fixed investment +  Residential fixed investment + Change in private inventories

= $2336.2 billion + $645.4 billion + $111.9 billion

= $3093.5 billion

d. Nominal GDP = C + I + G + (X-M)

= $12332.2 billion + $3093.5 billion + $3218.9 billion + ($2264.9 billion - $2789 billion)

= $18120.5 billion

8 0
3 years ago
Lauren's salary decreases from $ 37,000 to $ 30,000 . She decides to reduce the number of outfits she purchases each year from 2
nikklg [1K]

Answer:

E=-4.0746

Explanation:

Using the midpoint method, Lauren's income elasticity of demand for new outfits is determined by the change in income multiplied by the average number of outfits, divided by the change in the number of outfits multiplied by the average income:

E=\frac{\Delta I*O_{avg}}{\Delta O*I_{avg}}\\E=\frac{(37,000-30,000)*\frac{20+19}{2}}{(19-20)*\frac{37,000+30,000}{2}}\\E=-4.0746

Her income elasticity of demand for new outfits is -4.0746.

8 0
2 years ago
sales of new homes increased each month of the last year the economy is likely in. recession. expansion a trough or a plummet
olya-2409 [2.1K]
Expansion ..............
5 0
3 years ago
Last year Kruse Corp had $355,000 of assets, $403,000 of sales, $28,250 of net income, and a debt-to-total-assets ratio of 39%.
maksim [4K]

Answer:

It will improve the ROE by 5.29%  to 18.34% from 13.05%

Explanation:

<u>current values</u>

assets 355,000

sales  403,000

net income 28,250

debt to assets = 39%

debt = assets x 39% =  355,00 x .39 = 138,450

equity = assets - debt = 355,000 - 138,450 = 216,550

<u>Current ROE</u>

net income / own funds (equity)

28,250/216,500 = 0,1304849 = 13.05%

<u>With the proposition of reducing assets to 252,500</u>

debt = assets x 39% =  252,500 x .39 = 98,475

equity = assets - debt = 252,500 - 98,475 = 154,025‬

<u>proposition expected ROE</u>

28,250/154,025 = 0,183411783 = 18.34%

<em>Change in ROE 18.34 - 13.05 = 5.29</em>

6 0
3 years ago
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