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posledela
3 years ago
13

Compare the sources of consumer credit travel and entertainment credit revolving check credit closed-end credit

Business
1 answer:
lapo4ka [179]3 years ago
6 0

Answer:

The source of consumer credit is credit obtained on services like banking, insurance and travel.

Explanation:

  • Source of consumer credit are savings, credit union, sales , life insurance and loans etc. Entertainment credit is a state provided naturla pension credit union its controlled by the members. Is a loan or a form of credit, where the fund is dispersed in full when the loan is closed and must be given back.
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A company had a beginning balance in retained earnings of $45,000. It had net income of $8,000 and paid out cash dividends of $6
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Answer:

The correct answer is: $46,875.

Explanation:

Retained Earnings are the portion of the company's net earnings that it does not payout to shareholders as dividends. The company keeps this money, reinvest it in the business, or uses it to pay out a portion of its debt. To see how much of its earnings a company has retained look at the Balance Sheet under shareholder's equity. Retained earnings are calculated using the following formula:

RE = BP + Net Income (or Loss) − C − S

Where:

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Then, in the example:

RE = $45,000 + $ 8,000 - $6,125

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Organizational integration :

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Answer:

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The depreciation in 2016 occurred due to factors such as monetary policy, political instability and high inflation.

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