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Aleksandr-060686 [28]
4 years ago
9

What is a credit limit?

Business
2 answers:
Llana [10]4 years ago
8 0
What is 'Credit Limit'

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. Lenders usually set credit limits based on information in the application of the person seeking credit.

tangare [24]4 years ago
4 0
A 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 a credit card company allows a borrower to spend on a single card.
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Sage Hill Inc.’s bank statement from Main Street Bank at August 31, 2022, gives the following information.
SVEN [57.7K]

Answer:

31-Aug-22

Dr Bank Account 60

Cr Interest Received for the month of Aug22 60

31-Aug-22

Dr Sundry Creditors 360

Cr Bank Account 360

31-Aug-22

Dr Bank Charges Dr 105

Cr Bank Account Cr 105

Explanation:

Preparation of the adjusting entries to be made by Sage Hill Inc. at August 31

31-Aug-22

Dr Bank Account 60

Cr Interest Received for the month of Aug22 60

(To record Interest earned)

31-Aug-22

Dr Sundry Creditors 360

Cr Bank Account 360

($400-40)

(To correct error in recording check)

31-Aug-22

Dr Bank Charges Dr 105

Cr Bank Account Cr 105

($65+40)

(To record service charge and safety deposit box fee)

5 0
3 years ago
A customer relationship management (CRM) system contains the names and phone numbers of customers. Such things stored in a CRM s
Lunna [17]

Answer:

Data

Explanation:

According to my research on customer relationship management, I can say that based on the information provided within the question things stored in a CRM system are part of the Data component. This is because it is data being stored in order for the system to be able to function correctly by accessing that data on command.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
Which of these best describes a situation in which a country has a "trade deficit"?
FrozenT [24]
I had to look for the options and here is my answer:

The one that best illustrates a scenario that shows a country having a "trade deficit" is when their imports exceed their exports. This means that they have spent more on imports than what they earn on their exports and this creates an imbalance in the nation's economy.
5 0
4 years ago
Read 2 more answers
A problem-solving workshop focuses the agile release train to take what action?a. To build the Continuous Delivery Pipeline.b. T
lorasvet [3.4K]

Answer:

The correct answer is B

Explanation:

Agile release train (ART) is the one which is a self organizing, long lived team of Agile Teams, it is a virtual organization which executes, plans or commits together.

All the teams of the ART are hurdle or bound through a common vision, roadmap or a backlog. It comprise of 50 to 125 people.

So, the workshop which is conducted for problem solving, focuses on identifying the root or the real cause of the problems, this is the action what the ATR will take.

3 0
4 years ago
Gideon Company uses the direct write-off method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off
zloy xaker [14]

Answer and Explanation:

The Journal entry is shown below:-

Bad debts expense Dr, $2,000

          To Accounts receivable-Hopkins $2,000

(Being write off is recorded)

Here we debited the bad debt expenses as it increased the expenses and we credited the accounts receivable as it reduced the assets so that the proper posting could be done  

7 0
3 years ago
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