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3 years ago

Which of the following data is used to determine credit scores?

2 answers:

7 0

The length of stay at your current residence is used to determine credit scores. On most credit applications and applications in general, this question is asked to help the lender look up information about your history of payments. When a lender asks this question they are able to determine how long you typically stay in one place, and look up bills at that residence to make sure they are paid on time before giving out a loan. They can also use this information to determine a credit score based on what is being paid on time, late or not at all.

notsponge [240]3 years ago

5 0

"The length of stay at your current residence" is the one among the following choices given in the question that is the data <span>used to determine credit scores. The correct option among all the options that are given in the question is the second option or the penultimate option. I hope the answer comes to your help.</span>

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e Arlington Motor Pool Internal Service Fund had the following transactions and events during January 2018. Using the "Additiona

Akimi4 [234]

Answer:

Journal Entries

1) Debit Salaries Expense $6,667 Credit Bank $6,667

2) Debit Fuel and Maintenance expense $600, Credit Bank $600

3) Debit Depreciation Expense $amount Credit Accumulated depreciation $amount

4) Debit Insurance Expense $amount Credit Bank $amount

5) Debit Benefit Expense $amount Credit Accrued Benefit Expense $amount

6) Debit Accounts Receivable ( total of all trips) $amount Credit Service Revenue $amount

Explanation:

The Question is incomplete but i will do the typical journal entries to the transactions without figures.

1) The salaries are for one month and in brackets there is a $80,000*1/12 calculation meaning the $80,000 is for the year, now if it was already recorded then we debit salaries payable $6,667 credit bank $6,667

4) Insurance expense is debited if it is paid as it is incurred but if it has an Prepaid insurance account then we credit the Prepaid insurance account instead of Bank.

4 0

3 years ago

Allocate $249,000 net income by providing annual salary allowances of $66,000 to Ries, $56,000 to Bax, and $80,000 to Thomas; gr

Elis [28]

Answer:

Some information was missing: Ries invested $80,000 , Bax invested $112,000, and Thomas invested $128,000.

allocation of profits:

Ries = $66,000 + ($80,000 x 10%) = $74,000

Bax = $56,000 + ($112,000 x 10%) = $67,200

Thomas = $80,000 + ($128,000 x 10%) = $92,800

total = $234,000

remaining profits = $249,000 - $234,000 = $15,000 / 3 = $5,000

total allocation of profits:

Ries = $79,000
Bax = $72,200
Thomas = $97,800
total = $249,000

6 0

3 years ago

At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales $ 918,000 Credit sales 31

Over [174]

Answer:

The journal entries are as follows:

(a) 5% of credit sales,

Bad debts expense A/c Dr. $15,900

To Allowance for doubtful accounts $15,900

(To record the bad debt expense)

Workings:

Uncollectibles:

= 5% × Credit sales

= 5% × $318,000

= $15,900

(b) 3% of total sales,

Bad debts expense A/c Dr. $37,080

To Allowance for doubtful accounts $37,080

(To record the bad debt expense)

Workings:

Uncollectibles:

= 3% × Total sales

= 3% × ($318,000 + $918,000)

= $37,080

Bad debts expense A/c Dr. $18,240

To Allowance for doubtful accounts $18,240

(To record the bad debt expense)

Workings:

Uncollectibles:

= (8% × year end accounts receivables) + Allowance for doubtful accounts balance

= (8% × $143,000) + $6,800

= $18,240

4 0

3 years ago

Mediocre economists often consider only the immediate apparent effects of a change, whereas a good economist will also consider

olga nikolaevna [1]

Answer:

C. The importance of secondary effects

Explanation:

Secondary economic impact is a study of economic activities due to recurring rounds of spending by companies, households, and the government.

Secondary effects are long term and comes after the primary effect (first round of spending).

It is also called induced economic effect.

6 0

3 years ago

Gannon Enterprises is in the midst of a major strategic change. To lessen resistance from some of thesenior managers who are opp

lions [1.4K]

Answer:

C. negotiation

Explanation:

3 0

3 years ago

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