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Tamiku [17]
3 years ago
10

What is installment debt?

Business
2 answers:
IrinaK [193]3 years ago
5 0

no se inglés mano / I don't know English, I'm from Mexico

IgorC [24]3 years ago
5 0

Answer:an installment is a loan that is repaid in regular installments.

Explanation:meaning of installment a sum of money due as one of several equal payments of something

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Cumulative preferred stock carries the right to be paid both current and all prior periods' unpaid dividends before any dividend
alexgriva [62]

Answer: True

Explanation: Cumulative preferred shares of a company carries some special rights as per law. The holders of such stock must be paid any current or prior period accrued dividends before any payment of dividend to common shareholders. The dividends of such shareholders is fixed in nature.

Also in the event of liquidation they will be preferred before any common stock holders.

Thus, the given statement is true.

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3 years ago
Howard Cooper of Owens Corning Fiberglass talks to David Weekley, a homebuilder, to find out how much fiberglass insulation he i
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A buildup approach is used by Howard to find out how much fiberglass insulation to use in building homes

<h3>What is a buildup approach?</h3>

This refers to the method of calculating an market's revenue potential by recognizing the number of probable purchasers in the market and ther purchaser's requirements as well.

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Read more about buildup approach

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2 years ago
Businesses receive positive feedback about the effectiveness of their
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2 years ago
For your new sporting goods store, you originally planned to only sell nike shoes. therefore, you only had enough shoe displays
kotykmax [81]
"Policies and procedures" are the <span>components of your project plan will be affected.
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3 years ago
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During 2018, its first year of operations, Pave Construction provides services on account of $152,000. By the end of 2018, cash
ASHA 777 [7]

The adjustment for noncollectable accounts on December 31, 2018:

Debit Bad Debts Expense $13,800

Credit Allowance for Doubtful Account $13,800

Explanation:

In Pave Construction, 2018 is the first year of operations. The company provides services on account of $152,000.

By the end of 2018, cash collections on these accounts total $106,000.

At the end of 2018, Accounts Receivable (the uncollected accounts) has debit balance of $46,000 ($152,000 - $106,000 = $46,000)

Pave estimates that 30% of the uncollected accounts will be bad debts

Bad Debts Expense = 30% x $46,000 = $13,800

The adjusting entry to record the bad debts expense will be:

Debit Bad Debts Expense $13,800

Credit Allowance for Doubtful Account $13,800

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3 years ago
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