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3 years ago

Why do we say that credit is basically a loan?

Business

1 answer:

Ket [755]3 years ago

4 0

Technically no, a loan is when you borrow money, credit score shows of you pay your bills on time and all that

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Jill Scott is an accountant with Cameron and Associates, a law firm in downtown Seattle. The firm maintains a checking account w

gladu [14]

Answer:

There are usually 3 parties to a check transaction

The Drawer, the Drawee and the Payee.

The Drawee in this instance is Southern Rock Bank

Explanation:

The Bank warehousing the funds/Money is the one a check is drawn against, hence the term 'drawee"

The Account owner or representative who writes a check giving authority to the Bank to release of the Funds in its possession is the "Drawer

And the Beneficiary of the drawn up check becomes the Payee.

5 0

3 years ago

Financing, market research, risk-taking, and other services are considered to be ________ functions.

Artyom0805 [142]

Answer:

Facilitating functions

Explanation:

Facilitating functions are those in a business activity that helps make the exchange and physical processes run smoothly.

They do not involve direct exchange of title of products or physical handing of goods.

For example the activities of marketers of a product results in easy sale of the product by the manufacturer.

Also activities like financing, market research, and risk taking are all facilitating activities that make a business run smoother

7 0

3 years ago

If you are planning to carry a large balance on your credit card which of the following credit card features should you look for

bija089 [108]

The correct answer would be a LOW APR. If you are planning to carry a large balance on your credit card the credit card feature that should you look for is with a low APR. Other options for this question include low annual fees, lots of credit card rewards and a large credit limit. Hope this answer helps.

4 0

3 years ago

Countertops Unlimited, a manufacturer of kitchen and bath countertops, had the following information for production last period:

Mrac [35]

Answer:

Countertops Unlimited Manufacturing Account for the year ended

Particulars Amount

Beginning material inventory $16,000.00

Less Closing Work in progress $30,000.00

(WIP) Inventory

Ending material inventory -$14,000.00

Factory Overhead Cost

Material purchased $205,000.00

Direct labor $65,000.00

Indirect labor $20,000.00

Indirect material used $55,000.00

Factory rent $35,000.00

Utilities $15,000.00 395,000,000

Total Manufacturing Costs $381,000.00

3 0

3 years ago

Which one of the following comparisons between debt and equity is correct?

Art [367]

.B is correct I just took the test

5 0

3 years ago