Answer:
The correct option is C
Explanation:
When the person who co- sign for a credit card of a friend, then the person will be in a danger of lowering its own credit score if the person's friend fails to pay for the payment.
Credit score is a expression in terms of numerics grounded on the level analysis of the credit files of the person and also represent the credit worthiness of the person. It is used by lenders for determining who qualifies for the loan and for credit limits.
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:
The adjusting entry is:
Debit Depreciation Expense - Equipment $1,800
Credit Accumulated Depreciation - Equipment $1,800
To record depreciation expense.
Explanation:
The adjusting journal entry records the depreciation expense for the year and adds the expense to the accumulated depreciation account. The accumulated depreciation account is a contra account to the Equipment account. The purpose that this contra account serves is to keep the Equipment account at its cost value while the gradual write-off of its value is reflected in an opposite account.
Answer:
Answer to every question is in the explanation section
Explanation:
a) On December 1 supplies are purchased for 2000$ cash.
b) Insurance premiums of the company were prepared for $1,540 cash on December 2.
c) The company received an advance payment of 13000$ cash on December 15.
d) For a remodeling work, the company received a payment of 3700$ cash in January.
e) The company has $1,840 of supplies accessible.
f) Insurance policy analysis shows that 340$ insurance coverage has expired.
3) 5570$ advance cash was received for a remodeling project
Answer:
The answer is 14,000 units to break even and 21,000 units to earn a profit of 42,000.
Explanation:
To calculate a break-even point based on units: Divide fixed costs by the revenue per unit minus the variable cost per unit. The fixed costs are those that do not change no matter how many units are sold. The revenue is the price for which you're selling the product minus the variable costs, like labor and materials.
