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3 years ago

How is a line of credit similar to a credit card?

Business

2 answers:

Snowcat [4.5K]3 years ago

7 0

Answer:

answer A just did the test!

Explanation:

PolarNik [594]3 years ago

3 0

A. Interest is charged only on the amount you actually borrow

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On August 1, 20Y9, Brooke Kline established Western Realty. Brooke completed the following transactions during the month of Augu

Scorpion4ik [409]

Answer:

Explanation:

Income statement

Sales commission 52,800

Expenses :

Rent expense -4,500

Automobile expense -1,100

Miscellaneous expense -1,200

Office salaries -5,250

Supplies expense -1,000

Net income $39,750

Western Realty

Statement of Stockholders' Equity

For the month ended August 31, 2019

Common Stock Retained Earnings Total

1 Balances, August 1,2019 35,000 35,000

2 Net income 39,750 39,750

3 Dividends -3,000 -3,000

4 Balance August 31, 2019 $35,000 $36,750 $71,750

7 0

3 years ago

Taj operates a sole proprietorship, maintaining the business records under the cash-basis method of accounting. Taj performs ser

love history [14]

Answer:

Option D. $0

Explanation:

The reason is that Taj will have to recognize a bad debt expense of $12,000 which would decrease the receivable with the same amount.

The entry would be:

Dr Bad Debt Expense $12,000

Cr Accounts Receivables $12,000

This means that the Taj will not reconize loss, all he will do is pass a bad debt expense entry. So the correct answer is option D.

3 0

3 years ago

Simon bought a computer and made monthly payments. by the end of the month, simon had no money left for groceries. which step in

kramer

The less the money left by Simon at the end of the month after the monthly payments made him take the step of evaluating the results.

<h3>What is the five-step problem-solving process?</h3>

The five-step problem-solving has been given as the step that enables the person to evaluate the problem and find the solution. The steps involved are:

Evaluate the problem
Search alternatives
Find the best alternative
Make the decision
Evaluate the result

The step taken to Simon to buy the computer has been the decision-making, thus after the monthly payment, Simon had to evaluate the result of his decision. Thus, option C is correct.

Learn more about problem-solving, here:

brainly.com/question/3418829

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2 years ago

Luann is trying to schedule a meeting in outlook. part of her computer screen is shown. which part of the process is luann most

alexandr1967 [171]

<u>Explanation</u>:

In any case, remember that an <u>Outlook</u> meeting allows individuals not in the same geographical location to meet together virtually.

This are the basic steps to schedule a meeting;

Open the Outlook application and ensure you are switched to the calendar view.
Then, Click on New Teams Meeting at the top of the view.
Finally, add your invites to the meeting.

5 0

3 years ago

pat deposits $600 in a saving account at a simple interest rate of 6% per year for 5 years. How much money will pat have earned

g100num [7]

The money he would have earned as interest at the end of 5 years is $180.

<h3>How much interest would he have earned in 5 years?</h3>

Interest is the total amount that is earned in excess of the amount deposited. Interest is a function of the amount deposited, time and interest rate.

Interest = amount deposited x time x interest rate

$600 x 5 x 0.06 = $180

To learn more about interest, please check: brainly.com/question/26164549

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7 0

2 years ago

Read 2 more answers