Answer:
<u>Line of credit </u>
Explanation:
A line of credit refers to a mechanism of availing short term credit from banks whereby a borrower is provided with a preset limit till which funds can be availed anytime.
As the borrower repays the money borrowed, the line of credit gets restored to the previous level provided it is an open line of credit.
Line of credit specifies the maximum limit till which money can be borrowed. The rate of interest and repayment time period are decided by the lender which is usually a bank.
Borrower is usually supposed to pay interest upon the money actually borrowed and not the full limit of the line of credit.
Answer:
A MS Excel file is attached for the Journal general , please find it.
Explanation:
Entries to be Journalized
Date Account DR. Cr.
March 24 Cash $26,000
Owner's Capital $26,000
September 8 Cash $6,500
Account receivable $6,500
Answer:
4
Explanation:
receivable turnover = net credit sales / average inventory
avarage iventory = ($761000 + $841000) / 2 = $801,000
$3,204,000 / $801,000 = 4
Establishing international treaties .............................. is a good way to control INTRODUCTION OF INVASIVE SPECIES.
Invasive species are those animal species which are removed from a different ecosystem and are brought to a new ecosystem, where they cause damages to other species which originally inhabit the ecosystem. Invasive species can wipe out the native species thus disrupting the ecosystem.
Better school supplies and better paper and printers to
