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3 years ago

Do lenders always accept applications for credit?

1 answer:

6 0

No they don't

Lenders have several thing that they need to observe before accepting credit applications, such as :

- Your Wage
- Your credibility
- Your health
- Your asset assurance
- Your total debt
- Etc

hope this helps

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Jan Berry recently received a $500,000 inheritance from her maternal grandmother. Jan decided to use the money to start a busine

sergiy2304 [10]

Answer:

The correct answer is letter "D": triggering event.

Explanation:

A triggering event is one that causes another event to happen, It can be described as the cause that unleashes an effect. Triggering events can be external but they can also be personal actions individuals take in purpose or sometimes they happen by accident.

8 0

4 years ago

The amount paid per year for the use of credit is called

dsp73

does it give choices

if not I think it is annual fee

6 0

4 years ago

Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the

storchak [24]

Answer:

Ending Inventory Units = 500 + 6700 - 6000 = 1200 units

Equivalent units for Material = Units completed and transferred*100% + Ending Inventory units*50% = 6000*100% + 1200*50%

= 6000 + 600 = 6600 units

Cost per equivalent unit for materials = (Beginning Material cost + Material cost incurred during the month) / Equivalent units for Material

= ($5800 + $125600) / 6600

= $19.91

Hence, third option is correct.

8 0

3 years ago

By prohibiting accounting firms from providing both auditing and consulting services to the same corporate clients without permi

murzikaleks [220]

Answer:

A. Conflict of interest

Explanation:

Conflict of interest for an organization or company is a situation whereby the organization has competing interest or loyalties become of their duties to provide more than one service for an individual or organization. This is why the act prohibited accounting firms from doing both consulting services and auditing services for the same clients as there'd be a lot of conflict of interest in doing both.

The company may not be able to make a fair decision if they would be affected by it.

4 0

3 years ago

Columbia Products produced and sold 900 units of the company's only product in March. You have collected the following informati

blsea [12.9K]

Answer:

Results are below.

Explanation:

Giving the following information:

Units produced and sold= 900

Sales price (per unit) $448

Manufacturing costs:

Fixed overhead 50,400

Direct labor (per unit) 35

Direct materials (per unit) 112

Variable overhead (per unit) 70 (for the month)

Marketing and administrative costs:

Fixed costs (for the month) 67,500

Variable costs (per unit) 14

a. Variable manufacturing cost= 35 + 112 + 70= $217

b. Total cost:

Total variable cost= (217 + 14)*900= 207,900

Total fixed cost= 50,400 + 67,500= 117,900

Total cost= $325,800

Total cost per unit= 325,800/900= $362

c. Total variable cost= 217 + 14= $231

d. The absorption costing method includes all costs related to production, both fixed and variable.

Absorption cost= 217 + (50,400/900)= $273

e. Prime cost= direct material + direct labor

Prime cost= 112 + 35= $147

f. Conversion cost= direct labor + unitary variable overhead

Conversion cost= 35 + 70= $105

g. Profit margin= selling price - total unitary cost

Profit margin= 448 - 362= $86

h. Contribution margin per unit= selling price - total unitary variable cost

Contribution margin per unit= 448 - 231= $217

j. Gross margin per unit= Selling price - absorption cost per unit

Gross margin per unit= 448 - 273= $175

4 0

3 years ago