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Anettt [7]
3 years ago
14

If the payment is not made on the credit card by the end of the billing cycle,

Business
2 answers:
Anuta_ua [19.1K]3 years ago
7 0

Answer:

A late fee will be charged.

Explanation:

hope this helped

Verizon [17]3 years ago
7 0

Answer:

a

Explanation:

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Under the allowance method, writing off an uncollectible account Group of answer choices affects both balance sheet and income s
marishachu [46]

Answer:

Under the allowance method writing of uncollectible account will only affect Balance sheet accounts

Explanation:

Uncollectibles when write of under allowance method will create reduce account receivable one side and also results in reduction of allowance for receivable on other side created previously, thus having impact only on balance sheet:

Entry will be:

Dr: Allowance for Doubtful Debts (Balance Sheet Item)  

Cr: Account Receivable (Balance Sheet Item)

4 0
3 years ago
Select all that apply On December 1, Christy Co. accepted a 60-day, 6%, $1,000 note due January 30. On December 31, the appropri
kykrilka [37]

Answer:

Notes Receivable for $1,000. Cash for $1,010. Interest Revenue for $5.  Interest Receivable for $5.

Explanation:

The journal entry to record the receipt of the payment is shown below:

Cash Dr $1,010

     To Interest receivable  $5 ($1,000 ×6% × 30 days ÷ 360 days)

     To Interest revenue $5

     To Note receivable $1,000

(being the receipts is recorded)

here cash is debited as it increased the assets and credited the interest receivable, interest revenue and note receivable as it increased the assets and revenue accounts

6 0
3 years ago
The Bankruptcy Abuse Prevention and Consumer Protection Act allows the bankruptcy court to disallow a petition for a Chapter 7 b
Gekata [30.6K]

The Bankruptcy Abuse Prevention and Consumer Protection Act allows the bankruptcy court to disallow a petition for a Chapter 7 bankruptcy if the individual filing for bankruptcy earns an income that is  too high to meet the standards of the means test.

<h3><u>Explanation:</u></h3>

The main aim of The Bankruptcy Abuse Prevention and Consumer Protection Act is the prevention of abuse against the process that are involved in Bankruptcy. The process that are associated with the asset liquidation is being controlled by the Chapter 7 of Title 11 U.S bankruptcy code.

The liquidation of non exempt assets to pay creditors is carried out by a trustee. There will be a discharge of the debt that remains when there is an exhaust of proceeds. If the income of an individual is too high to meet the standards of mean test , then, according to his act  the bankruptcy court to disallows a petition for a Chapter 7 bankruptcy.

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3 years ago
You reflect on your meeting with the midwestern division manager, and you think part of the problem has to do with goals. what c
Anna35 [415]
The one that you could do to adress this is to Establish a system that provides each sales team member with specific, challenging sales goals and performance<span> feedback from their store manager.
By doing this, not only we put a focus for each team members on the expectation toward them, we also could use the data collected by each determines to determine if there is someone that needed to be let go.</span>
7 0
3 years ago
A government policy that sets the highest price that can be charged for a good or service is a __________.
trasher [3.6K]

Answer:

B. price ceiling.  

A government policy that sets the highest price that can be charged for a good or service is a price ceiling.

3 0
3 years ago
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