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3 years ago

11

If you are denied credit, a job, a license, an insurance policy, or a loan based on your credit report, you are entitled to rece

ive a free copy of that credit report within how many days

1 answer:

Alex_Xolod [135]3 years ago

5 0

60 days is the answer you are looking for

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Mills Corporation acquired as a long-term investment $290 million of 8% bonds, dated July 1, on July 1, 2021. Company management

kow [346]

Answer:

Journal Entries are given below

Explanation:

Mills Corporation-journal Entries

Date Particulars Debit (In Miln) Credit (in Mln)

01-Jul-21 Bond Investment $290.00

Investment premium $50.00

Cash $340.00

Investment recorded

31-Dec-21 Cash ($290 * 8% * 6/12) $11.60

Premium bond investment $1.40

Interest revenue ($340*6%*6/12) $10.20

Revenue recognized for bond interest and amortization of discount.

31-Dec-21 Unrealized holding gain or loss $8.60

Fair value adjustment ($340 - $330 - $1.40) $8.60

investment recorded at fair value.

02-Jan-19 Fair value adjustment Dr $8.60

Reclassification adjustment - $8.60

Fair value adjustment at the time of sale

02-Jan-19 Cash $290.00

Loss on sale of investment $48.60

bond investment premium $48.60

Investment in Bond $290.00

Sale of investment.

3 0

3 years ago

There is a production possibilities frontier (PPF) that shows the combinations of goods X and Y that can be produced in the econ

erastova [34]

Answer:

B. shifts rightward, and the point at which the PPF touches the good-X axis has to be something more than 40 units of good X and the point at which the PPF touches the good-Y axis has to be something more than 60 units

Explanation:

PPF is the graphical representation of two goods combinations which an economy can produce given resources & technology.

It is downward sloping because of two goods inverse relation given same resources & technology.

The points at which PPF touches both axis represents maximum amount of that axis good which can be produced by given resources & technology , Points on PPF reflect full efficient utilisation of resources. Points inside PPF reflect underutilisation of resources. Points outside PPF reflect unattainable combinations outside economy's productive capacity, given resources & technology unless either of them grow.

Resource increase usable for production of both goods: shifts the PPF outwards/ rightwards & the maximum potential production of both goods increases. PPF touching axis points increases from pervious at each axis - more than 40 at good X axis, more than 60 at Y axis.

7 0

4 years ago

Larkspur, Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 80 units were sol

disa [49]

Answer:

Explanation:

Date Unit Unit cost Total Goods sold Cost Total

May 1 28 9 252 28 9 252

May 15 26 10 260 26 10 260

May 24 39 11 429 26 11 286

Total 93 941 80

1) Weighted average unit cost = 941/93 = $10.118

FIFO method

2)Ending inventory (93-80)*11 =$ 143

FIFO method assumes that the first set of inventory are the first to be sold

LIFO method

LIFO assumes that the last set of inventory are the first to be sold

Goods Sold Cost Total

39 11 429

26 10 260

15 9 135

Ending Inventory = (93-80)*9 = $117

Average Cost Method

Ending Inventory = 13 * 10.118 =$131.534

5 0

3 years ago

What is the unit rate for 250mi in 5h

a_sh-v [17]

0.02 hours per mile would be the answer

6 0

3 years ago

Jill wants to start her own business, but knows little about how to set up an accounting system or interpret financial informati

kotegsom [21]

Answer:

Explanation:

. You can hire someone to keep your books but, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions and also for you to be able to know if someone is committing fraud. A basic knowledge will assist you in all this.

It is virtually impossible to smoothly run a business without being able to read, understand, and analyze accounting reports and financial statements

8 0

4 years ago