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scoundrel [369]
3 years ago
9

Which of the following statements is​ correct?  ​(Select best answer​ below.) A. ​Typically, stages of the financial life​ cycle

, income, net worth and your credit score move in​ unison, and the cost of the loans tends to be lower in early financial life cycle stages due to a sufficient supply of fund sources. B. ​Typically, stages of the financial life​ cycle, income, net worth and your credit score move in​ unison, and the cost of the loans tends to be higher in early financial life cycle stages due to an insufficiency of credit scores. C. ​Typically, stages of the financial life​ cycle, income, and net worth move inversely with credit​ score, and the cost of the loans tends to be higher in early financial life cycle stages due to an insufficiency of credit scores. D. ​Typically, stages of the financial life​ cycle, income, and net worth move inversely with credit​ score, and the cost of the loans tends to be lower in early financial life cycle stages due to a sufficient supply of fund sources.
Business
1 answer:
Semmy [17]3 years ago
4 0

Answer:

A. ​Typically, stages of the financial life​ cycle, income, net worth and your credit score move in​ unison, and the cost of the loans tends to be lower in early financial life cycle stages due to a sufficient supply of fund sources.

Explanation:

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Prepare a one page memo for your boss briefly summarizing how you concluded the meeting. More importantly, recommend to your bos
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Answer:

Memo for business promotion

Explanation:

To : Manager

From : Finance Officer

Subject : Actions for moving forward

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Further minutes of the meeting are attached with the memo.

Sign: Edward,

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Mention ONE other source of wealth other than inheritance
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Answer:

Power is another source other than inheritance.

Hope this helped you!

Explanation:

6 0
3 years ago
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A concept that can be used to describe (how will government's money be spent)
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On April 1, 2016, the KB Toy Company purchased equipment to be used in its manufacturing process. The equipment cost $57,200, ha
Harman [31]

Answer:

2016 Depreciation

Dr depreciation expense $5720

Cr Accumulated depreciation               $5720

2017 Depreciation

Dr depreciation expense $5720

Cr Accumulated depreciation               $5720

Journal entries for 2018 expenditure

Dr repairs and maintenance   $2900

Dr Equipment account             $11850

Cr Cash account                                          $14750

2018 Depreciation

Dr depreciation expense          $4800.83

Cr Accumulated depreciation                     $4800.83

Explanation:

There are two policies for depreciating non-current asset  especially when it is acquired part-way through the year like we have here, namely full year depreciation in the year of purchase and none in the year of disposal or proportional depreciation throughout the useful life,I am adopting the former in this question.

Formula for depreciation=cost-residual value/useful life

Yearly depreciation is ($57200-$0)/10=$5720

However,after two years the book value is calculated thus:

Book value=$57200-($5720*2)=$45760

additional cost incurred in enhancing the capacity of the asset would be added :  $45760 +$11,850=$57610

Since the useful life has also been reviewed up to 12 years, the depreciation from now on is $57610/12=$4800.83

5 0
3 years ago
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