Answer:
B. The maximum that a creditor will allow a customer to owe at any point in time
Explanation:
Credit limit also referred to as a credit line is the maximum amount of money a lender can extend to a client. Lenders often times set the credit limit based on the individual's credit history. This is to determine if the client is credit worry.
There are two categories of borrowers, which are; high-risk borrowers and low-risk borrowers.
Answer:
1.) Prepare very well
2.) Do not entertain fear
3.) Get your paper work ready
4.) Know the route
5.) Know the basics in and out
Explanation:
Checkride is a practical flight test which student pilots after months of flight training and ground school, must pass after which they have their new pilot certificate.
1.) Prepare the PTS (practical test standards) thoroughly, the minimum altitudes for each flight maneuver in particular. Before you appear for your FAA checkride.
2.) There is no use to over study new information at the last minute. Sleep early and wake up relaxed and refreshed and eat healthy breakfast.
3.) Make sure to go through your 8710 airman certificate application and then make your flight instructor to do the same. Check your airport directory and sectional charts and make sure they are current
4.) Make sure to understand the route for your flight plan that the examiner asked you to plot and also the route to an alternate airport.
5.) Your examiner doesn’t expect you to know everything, but he or she will just check how good you are at the basics of the aeronautical knowledge.
Rather than taking $10,000.00 from a dormant account to carry out the operation, she could have solicited funds elsewhere.
1. This is an ethical problem. In this case, the bank teller is wrong for taking $10,000.00 from the dormant account to carry out the operation. This is wrong and she could be sent to jail because this is fraudulent.
2. The stakeholders, in this case, are the bank, and the owner of the account.
3. The alternatives that the bank teller could have done include:
- Borrowing from friends
- Taking a loan.
- Soliciting for help online or from non-profit organizations.
4. I'll choose "Soliciting for help online or from non-profit organizations" since it'll be free and I won't have to pay the loan back.
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Answer:
Gomez Corp. Journal entry
1. 31-Jan
Dr Allowance for doubtful accounts $800
Cr Accounts receivable - C. Green $800
2. 9-Mar
Dr Accounts receivable - C. Green $300
Cr Allowance for doubtful accounts $300
3. 9-Mar
Dr Cash $300
Cr Accounts receivable - C. Green $300
Explanation:
1. On January 1 Gomez Corp was said to use the allowance method to account for uncollectibles which means we have to record the write off as uncollectibles by Debiting Allowance for doubtful accounts with $800 and Credit Accounts receivable - C. Green with the same amount.
2. On March 9, receives a payment of $300 from Green which means we have to record the accounts receivables reinstated by
Debiting Accounts receivable - C. Green with $300 and Crediting Allowance for doubtful accounts with same amount.
3. Since it receives a payment of $300 from Green on March 9 we have to record cash receipt by Debiting Cash with $300 and Crediting Accounts receivable - C. Green with $300.
<span>This is true. By looking at similarities, one can keep the tenor of the message positive. This is a major aspect of writing good business letters. Constantly focusing on the negative aspects will do nothing but put off the recipient of the letter and make it harder for them to accept the premises of the message.</span>
