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3 years ago

A good rule of thumb is to limit consumer credit payments to ____________ percent of your net monthly income.

Business

1 answer:

frutty [35]3 years ago

6 0

A good rule of thumb is to limit consumer credit payments to 20% percent of your net monthly income.

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During the year, credit sales amounted to $820,000. Cash collected on credit sales amounted to $780,000, and $15,000 has bee

Katena32 [7]

Answer:

The ending balance in the Allowance for Bad Debts is 20,500 CREDIT

Explanation:

The ending balance of Allowance for bad debts would be the 2.5% of sales

The adjustment is made to get the allowance for Bad Debt match the estimate uncollectible ammounts.

Notice it state "company adjusted for bad debt expense"

This means it debit this account as much as it needed to be to make allowance match the estimate allowance.

The write-off are transaction durign the period. They are irrelevant

So the ending balance is:

2.5% of credit sales of 820,000 = $20,500

It is important to remember that Allowance is a counter-asset account. His normal balance is credit, so the final balance is credit.

3 0

3 years ago

Yolanda's Coffee Shop makes a blend that is a mixture of two types of coffee. Type A coffee costs Yolanda $4.25 per pound, and t

vovangra [49]

Answer:

she used type A coffee is 62 pounds

Explanation:

given data

Type A coffee costs = $4.25 per pound

type B coffee costs = $5.60 per pound

this month Yolanda made = 155 pounds

this month total cost = $784.30

to find out

How many pounds of type A coffee did she use

solution

we consider here that this month type A coffee used = x

and type B coffee used = y

so equation will be

x + y = 155 ..................1

and cost equation

4.25 x + 5.60 y = 784.30 ...............2

now from equation 1 we get y

y = 155 - x .........................3

put this value in equation 2

4.25 x + 5.60 y = 784.3

4.25 x + 5.60 ( 155 - x) = 784.3

solve this equation we get

x = 62

so she used type A coffee is 62 pounds

3 0

3 years ago

A case in which people like to drink orange juice at breakfast but not before going to bed, and do not like to drink milk for br

yulyashka [42]

Answer:

Letter C is correct. Person by situation interaction.

Explanation:

This is a cognitive process that occurs through the individual perspective of each human being. This implies that our behavior is not totally conditioned by an automatic response predetermined by any variables, but what determines our way of being and acting is the set of learnings, memories, thoughts and perceptions about certain situations as well. as the process of social interaction, which determines how the experiences and actions lived by an individual in society will actively influence their tastes, actions and perceptions about society in general.

8 0

3 years ago

When there is a shortage, rationing is a method of distributing goods by using prices.

Cerrena [4.2K]

True, rationing is the selling of scarce goods or services in events such as war. Items are distributed in fairness to each citizen and they have to take a ration book to say what they have or haven't had and how much of it they have had.

6 0

3 years ago

An asset has an average historical rate of return of 10.1 percent and a variance of 0.0116751. What is the upper percentage rang

pochemuha

Answer:

20.91%

Explanation:

Provided information

Average historical rate of return = 10.1 %

Variance = 0.0116751

By considering the above information, the standard deviation would be

= Square root of Variance

= 10.81%

So the upper percentage range of return would be

= Standard deviation + standard deviation

= 10.81% + 10.1%

= 20.91%

Since we have to find out the upper percentage so we added it otherwise we have to deduct it

8 0

3 years ago