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3 years ago

What is a credit limit?

1 answer:

5 0

Credit limit refers to the maximum amount of credit a financial institution extends to a client through a line of credit as well as the maximum amount a credit card company allows a borrower to spend on a single card.

Hope this helps

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Is medical marijuana legal in new jersey?

Scilla [17]

Yes, it is one of 14 states to use medical marijuana

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4 years ago

Read 2 more answers

Dudley Savings Bank wishes to take a position in Treasury bond futures contracts, which currently have a quote of 110 − 100. Dud

djverab [1.8K]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

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4 years ago

Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $640,000. th

morpeh [17]

Maybe spread these out more

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3 years ago

What role do you think discipline plays in developing a child’s self-esteem? What forms of discipline best serve the self-esteem

PIT_PIT [208]

Discipline plays a role in teaching the child what's wrong and right in the world, and it helps the child interact with the public in an effective and safe manner.
Some forms of discipline that best serve the self-esteem of the child are emotion coaching and boundary-based discipline. Emotion coaching is a process that involves teaching the child which emotions are which, and helps them self-identify if they angry, mad, or sad. Boundary-based discipline is discipline that is explicitly stated for the child to follow, where the consequences for each action the child makes are clearly stated so that they will learn what is wrong and what is right.

4 0

3 years ago

A company has the following accounts receivable and estimates of uncollectible accounts: Accounts not yet due = $61,000; estimat

Firdavs [7]

Answer:

The correct answer is $71,290.

Explanation:

According to the scenario, the computation for the given data are as follows:

Accounts not yet due = $61,000

Estimated uncollectible = 4%

So, Total uncollectible for Account not yet due = $61,000 × 4% = $2,440

Now, Accounts 1-30 days past due = $27,000

Estimated uncollectible = 15%

So, Total uncollectible for Account 1-30 days past due = $27,000 × 15% = $4,050

Similarly, Accounts more than 30 days past due = $162,000

Estimated uncollectible = 40%

So, Total uncollectible for Account more than 30 days past due = $162,000 × 40% = $64,800

Hence, the total estimated uncollectible accounts = Total uncollectible for Account not yet due + Total uncollectible for Account 1-30 days past due + Total uncollectible for Account more than 30 days past due

By putting the value we get,

= $2,440 + $4,050 + $64,800

= $71,290

8 0

4 years ago