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nirvana33 [79]
2 years ago
10

Only buy on credit, what you can pay for in cash refers to... Group of answer choices Credit Cards Payday Loans Morgages Auto Lo

ans
Business
1 answer:
shepuryov [24]2 years ago
3 0

Answer:

Credit Cards

Payday Loans

Auto Loans

Explanation:

In the field of economics, credit means to have the ability of having goods or the services before the payment of the goods which can be paid later in the future to the other party.

The following can be bought on credits and can be paid in cash later on. These includes :

Credit cards -- credits card are used to purchased item on credits to which the payment is done on a later date in the future.

Payday loans -- payday loans is a type of loan or money borrowed from someone with an interest that is to be paid in the future.

Auto loans -- auto loans are available to buy a car in credit and repaying the loan in cash to the bank in installments in the future.  

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To encourage employee ownership of the company's common shares, KL Corp. permits any of its employees to buy shares directly fro
Ostrovityanka [42]

Answer:

Dr Cash 105,600

Dr Compensation Expense 14,400

Cr Common Stock 10,000

Cr Paid-In Capital – Excess of Par 110,000

Explanation:

KL Corp Journal entry

Dr Cash 105,600

Dr Compensation Expense 14,400 (10,000*12*12%)

Cr Common Stock 10,000 (10,000*1)

Cr Paid-In Capital – Excess of Par 110,000

(10,000*(12-1))

5 0
3 years ago
How did the shift to steam power lead to the growth of cities?
MA_775_DIABLO [31]
The shift to steam power contributed to the growth of cities in many way. Firstly, it provides a continuous source of power to industries, which leads to high level of productivity. The availability of jobs in the industries makes the people in the rural areas to migrate to the cities in search of greener pastures. Steam power also created a new and efficient means of transportation which make it possible to move people and goods over long distances in record time.
7 0
3 years ago
Ramsey Company typically sells subscriptions on an annual basis, and publishes six times a year. The magazine sells 60,000 subsc
Alexxandr [17]

Answer:

The correct answer is B

Explanation:

The journal entry to record the sale of the subscription is as:

Cash A/c.............................................................Dr       $600,000

   To Unearned Subscription Revenue A/c..........Cr      $600,000

As company made a sale of the subscription, so cash is received from sale therefore any increase in asset is debited. So, the cash account is debited. And the unearned subscription revenue is credited because cash is received against subscription sale.

8 0
3 years ago
Travel expenses incurred by the sales department of a manufacturing company would be classified as: a. indirect labor b. manufac
mario62 [17]

Answer:

c. a period cost

Explanation:

Option C, period cos is the correct answer because the period cost is not related to the production and manufacturing of the commodity. Rather it is the cost incurred outside the factory such as marketing expenses, travelling expenses, etc. Therefore, the option "period cost" is the correct answer.  

7 0
3 years ago
Multiple Choice Question 143 A company shows a balance in Salaries and Wages Payable of $37900 at the end of the month. The next
neonofarm [45]

Answer: The answer is: Debit Salary and wages expense $9,900, Debit Salaries and wages payable $37,900, Credit Cash $47,800

Explanation: Since the company has $37,900 sitting in salaries and wages payable account at the end of the month and the payroll revealed that actual amount to be paid is $47,800, this means the company has a shortfall of $9,900 from the salaries and wages payable account. Therefore, this amount that was not accrued for would impact salary and wages expense by $9,900.

7 0
2 years ago
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