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Pie
3 years ago
9

Traditionally, if sam, who is 17 years old, purchases a television from a store, signs a 11-month contract, and then drops it on

the way home, sam could return the television and be entitled to the return of his down payment.
Business
1 answer:
zavuch27 [327]3 years ago
5 0
Well of this is true of false it would be false because you have to be 18 years old. This can’t happen in the first place because you have to be 18 years or older to purchase the television
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Aleksandr-060686 [28]
Debt
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3 years ago
During February, $186,500 was paid to creditors on account, and purchases on account were $201,400. Assuming the February 28 bal
Kobotan [32]

Answer:

Accounts payable (opening) = $ 45000.

Account rec during year = $464570

Cash payment during year = $351570.

Explanation:

As we know that:

 Account payable (open) + Purchases - Accounts payable(end) = Paid cash

 Accounts payable (open) + 201400-59900= 186500

Accounts payable (open)= 186500+59900-201400

                                       = $45000.

As we know that:

Account receivables (open) + A/c receivable during year - A/c receivable (end)=Cash collected.

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As we know that:

Cash (open) + Cash collected - Cash (end)= Cash payment during period.

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Cash payment during year = $351570.

4 0
3 years ago
Which statement best describes the role of a credit agency?
tekilochka [14]

Answer:

The statement best describes the role of a credit agency is "It tracks the use of credit for lenders"

3 0
3 years ago
Suppose Becky has her choice of $10,000 at the end of each month for life or a single prize of $1.5 million. She is 35 years old
yaroslaw [1]

Answer:

The answer is $3,456,000.

Explanation:

Annuity is a set amount of money that is paid every year for the person's life. She is 35 years old and expected to live to 75. So for $10,000 at the end of each month, the annuity is, 40 x 12 = 480 months, 480 months  x $10,000 = $4,800,000. If we take the $10,000 as the principal amount, and calculate the interest at 7,2% monthly, in 40 years it would be $3,456,000.

I hope this answer helps.

3 0
3 years ago
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Alla [95]

Answer:

c. Increase the amount of the initial investment by $12,000.

Explanation:

The amount of investment has to be increased by $12,000 because the truck constitutes an investment into the project and this should be accounted for

3 0
3 years ago
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