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Allushta [10]
3 years ago
13

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
You might be interested in
Acquisition Cost of Long-Lived Asset The following data relate to a firm’s purchase of a machine used in the manufacture of its
klemol [59]

Answer:

The acquisition cost is $38140

Explanation:

acquisiton cost = invoice price + applicable sales tax - cash discount + freight paid + cost of insurance + installation cost +testing and adjusting costt                

= $34000 + $2000 - $400 + $260 + $125 + $2000 + $425

= $38410

Therefore, The acquisition cost is $38140.

6 0
3 years ago
Mary, a student at a community college in New York, is in the United States on a student visa that allows her to remain in the U
aliina [53]

Answer:

It will be difficult for Mary to compare the crime rates in a U.S. city with her hometown of London, England:

b. There are differences in the way crime is measured.

Explanation:

  • The option a is not correct as it is not true that England doesn't have any crime statistics that are available to civilians.
  • The option b is correct as the ways of measuring crimes are different for different regions or places.
  • The option c is not correct as there is no dictatorship in England.
  • The option d is not correct as it is not true that only solved cases are included in England's crime rates.
3 0
3 years ago
A firm uses a standard costing system and allocates variable overhead costs based on direct labor hours. The annual budget proje
DENIUS [597]

Answer:

Your answer is given below:

Explanation:

Statement showing Computations  

         Paticulars                                                                             Amount

Variable overhead cost per unit =100,000/1,000                   100.00

Standard Variable overhead for 750 Units = 750 * 100             75,000.00

Actual Variable overhead             75,000.00

Variable overhead spending variance= Standard VO - Actual VO  

Variable overhead spending variance= 75,000 - 75,000  

Variable overhead spending variance= 0

8 0
2 years ago
Some markets have many buyers and sellers but fall into the category of monopolistic competition rather than perfect competition
tiny-mole [99]
These firms do not have perfect market information to know all the price charges by different sellers,the quality the market demand and supply is etc.
7 0
3 years ago
Services that are available when you open a savings account
WARRIOR [948]
Monthly statements, investment options, and online banking services.
5 0
3 years ago
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