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3 years ago

2. The buyer's prepaid expense is the seller's Which revenue?

Business

1 answer:

Sauron [17]3 years ago

3 0

Answer:

Unearned revenue

Explanation:

Unearned revenue is money that a business has received for goods and services that it will deliver later. It is not yet revenue in a business sense because the activity that makes revenue be recognized has not yet happened. Unearned revenue is also known as deferred revenue. It is recorded as a liability by the supplier.

Unearned revenue may arise due to prepayment for goods and services, initial deposits when purchasing property, and subscription fees for magazines, TV, and clubs.

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A lender checking Jason's credit score for an auto loan would likely notice that...

TiliK225 [7]

When a lender checks the credit score of Jason for an auto loan, they would most likely notice that b. He paid off a car loan after making every payment for 4 years.

Lenders checking credit scores:

Usually pay more attention to related loans
Only bother with the credit score of the person in question not their relatives

The loan is for a car or an automobile of some sort so the lender will be looking for related loans in Jason's history. They will therefore most likely notice the car loan that was paid off.

In conclusion, a lender for an auto loan will most likely notice an auto loan history.

Options for this question include:

a. His savings account has more than $3000 in it

b. He paid off a car loan after making every payment for 4 years

c. When he stopped paying his credit card for 3 months 9 years ago

d. The credit scores of his family, including his parents and his wife if he is married

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3 0

2 years ago

Suppose we have a 2-person world, with only Stephen and his friend LeBron. Suppose that Stephen can move 70 boxes or bake 28 coo

PIT_PIT [208]

Answer:

Option (c) is correct.

Explanation:

Stephen can move 70 boxes or bake 28 cookies:

Opportunity cost of moving a box = (28 ÷ 70)

= 0.4 cookies

Opportunity cost of baking a cookie = (70 ÷ 28)

= 2.5 boxes

LeBron could move 24 boxes or bake 6 cookies:

Opportunity cost of moving a box = (6 ÷ 24)

= 0.25 cookies

Opportunity cost of baking a cookie = (24 ÷ 6)

= 4 boxes

Yes, trade is possible.

Stephen has a comparative advantage in baking cookies because of the lower opportunity cost than LeBron, so he is specialized in baking cookies.

On the other hand, LeBron has a comparative advantage in moving boxes because of the lower opportunity cost than Stephen, so he is specialized in moving boxes.

3 0

3 years ago

What makes the demand for u. s. dollars change? in world demand for u. s. exports ______ the demand for u. s. dollars. a in the

loris [4]

In the world demand for US, exports increase the demand for US dollars. a in the US interest rate differential decreases the demand for US dollars

An interest rate tells you how excessive the cost of borrowing is, or excessive the rewards are for saving. So, if you're a borrower, the interest charge is the quantity you're charged for borrowing cash, proven as a percentage of the total amount of the mortgage.

Traditionally, the guideline of thumb is that refinancing is a superb idea if you can reduce your interest rate by way of a minimum of 2%. but, many creditors say 1% financial savings is sufficient of an incentive to refinance.

As interest rates circulate up, the value of borrowing becomes more costly. because of this call, lower-yield bonds will drop, causing their price to drop. As interest prices fall, it will become less complicated to borrow money, and plenty of corporations will issue new bonds to finance growth.

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5 0

1 year ago

Grayhawk Company reported net credit sales of $588,000 for the year ending December 31, 2019. On January 1, 2019, the Allowance

Sever21 [200]

Answer:

D) $8,040

Explanation:

Credit Sales Method:

Bad Debt Losses = 3% of Credit Sales

Bad Debt Losses = 0.03 x $588,000

Bad Debt Losses = $17,640

Adjusted balance in the Allowance for Doubtful Accounts:

Bad Debt Losses - (uncollectible accounts receivable - Allowance for Doubtful Accounts)

$17,640 - ($24,000 - $14,400)

$17,640 - $9,600

$8,040

5 0

2 years ago

Assume the prior year ending inventory was understated by $ 50,000 . Explain how this error would affect the prior year and curr

adelina 88 [10]

When Prior year ending inventory understated by $ 50,000 :

If the ending inventory of the prior year has been understated then the COGS of the prior year get overstated which ultimately understated Pretax income by the same margin.

Prior year ending inventory is the current year opening inventory, so when the prior year ending inventory has been understated that means the current year opening inventory is also getting understated. Which resulted in an understatement of COGS and due to which pretax income of the current year gets overstated by the same margin.

Total pretax income of the two years = $ (50,000) + $ 50,000 = Nil ( No effect).

The four most commonly used inventory types are Raw Materials, Work in Process (WIP), Finished Goods, Maintenance, Repair, and Overhaul (MRO). Knowing the nature of your inventory will help you manage your inventory better and smarter. Consider a fashion retailer like Zara, which operates seasonally.

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8 0

1 year ago