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yKpoI14uk [10]
3 years ago
13

Edward is considering buying a home using credit. What are three questions he should ask himself to ensure he is using credit re

sponsibly?
Business
1 answer:
Contact [7]3 years ago
5 0
Three of the most important questions he needs to ask are the following: 1. Are you making a big purchase? This is important because the bigger the pruchase the better attention he needs to have into interest rates. 2. <span> How are you paying off your card balance?</span> the payment can be in one payment or in different ones. And 3. <span> Would you like free bonuses with your purchase? some credits offer that some others not. It is very important to have that in mind</span>
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Rosewood Company made a loan of $12,200 to one of the company's employees on April 1, Year 1. The one-year note carried a 6% rat
Ymorist [56]

Answer:For Year 1 = $549 ,  For  year 2=$183

Explanation:

Interest  = Principal x Rate x Time ( Period)

For Year 1

Interest  = P x R x T

= $12,200 x 6% x 9 / 12  ( Period from April to December

= $549

For  year 2

 Interest   = P x R x T

= $12,200 x 6% x 3 / 12 ( Period from Jan of year 2 to April 1 st of year 2 since Ist year has been covered)

=$183

8 0
3 years ago
Which of the following is a non-price determinant of demand?
Norma-Jean [14]
Option C wearing straw hats become popular
6 0
3 years ago
Matt has three passive activities and has at-risk amounts in excess of $100,000 for each. During the year, the activities produc
anygoal [31]

Answer:

d. $15,000 is allocated to A; $10,000 is allocated to B

Explanation:

Activity C will not carry and suspended losses as it was profitable, the net of 25,000 will be distributed among the lossing activites:

60,000+ 40,000 = 100,000 loss

activity A weight 60%

activity B weight 40%

net loss: 25,000

activity A 25,000 x 60% = 15,000

activity B 25,000 x 40% = 10,000

7 0
3 years ago
A contractor figured materials for a job would cost $2,415. He also estimated labor for the same job would cost $1,832. If he ad
Vilka [71]

Answer:

=5, 011.46

Explanation:

cost of materials : $ 2,415

cost of labor:         $ 1,832

Total cost; ( $ 2,415+$ 1,832)= $ 4,247

Add 18 percent mark-up = 4247*1.18

     =5, 011.46

7 0
3 years ago
Read 2 more answers
Marshall Enterprises charged the following amounts of overhead to jobs during the year: $20,000 to jobs still in process, $60,00
Readme [11.4K]

Answer:

Dr  Factory Overhead Payable $5,000

Cr                          Cost of Goods Sold $5,000

Explanation:

What we have done?

Cr  Factory Overhead   $5000

What we must do?

Dr Factory Overhead $5000

The entry in the expense account is credited, as said in the question. So what we must do is debit it back and waive off its affect from the cost of sales.

So at the end of the period the company is legally required to close the expenses and revenue accounts in-accordance to International Financial Reporting Standards.

What must be the entry?

So the journal entry would be :

Dr  Factory Overhead  $5,000

Cr          Cost of Goods Sold $5,000

3 0
3 years ago
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