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2 years ago

What does a credit score measure?

1 answer:

6 0

Your credit score is a number that represents the risk a lender takes when you borrow money. A FICO score is a well-known measure created by the Fair Isaac Corporation and used by credit agencies to indicate a borrower's risk. ... However, in both cases, the higher the credit score, the lower the risk to the lender.

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Item3 1.42 points PrintCheck my work Check My Work button is not enabled 3 Item 3 Item 3 1.42 points Lakeview Company completed

larisa [96]

Answer:

Lakeview Company

Journal entries

A. Payroll

Debit Wages with $94,500

Credit Cash with $94,500

(Being December wages paid employees in Cash)

B. Rent collection Journal Dec 10.

Debit cash with $6,750

Credit Deferred Revenue with $6,750

(Being 30 days rent collected in advance. Rent expires Jan 10)

C. Rent Collected (adjusted Journal)

Debit Deferred Revenue Account with $4,500

Credit Rent Account with $4,500

(Being rent income applicable to this years records)

3.. Liability recognition

Debit Employee income taxes with $12,000

Debit FICA employee deductions with $9,000

Debit employees contribution to cancer research with $4,500

Credit Employee income taxes payable account with $12,000

Debit FICA employee deductions payable account with $9,000

Debit employees contribution to cancer research payables account with $4,500

(Being deduction from employee December wages)

Debit FICA employer deductions with $9,000

Debit State & Fed unemployment taxes (employer) account with $1,050

Credit FICA employer deductions payable account with $9,000

Credit State & Fed unemployment taxes (employer) payable account with $1,050

(Being employer contribution and taxes incidental to December Wage payment)

In the Balance sheet.

Current liabilities.

Deferred Revenue = $2,250

Employee income taxes payable account = $12,000

FICA employee deductions payable account = $9,000

employees contribution to cancer research payables account = $4,500

FICA employer deductions payable account = $9,000

State & Fed unemployment taxes (employer) payable account = $1,050

Total current liability = $37,800

8 0

3 years ago

A tour group split into two groups when waiting in line for food at a fast food counter. The first group bought 8 slices of pizz

creativ13 [48]

Answer:

The cost of an slice of pizza is $3.94

Explanation:

Hi, we have to construct 2 equations with the information of the problem, the first one is " 8 slices of pizza and 7 soft drinks for $45.10".

$8P+7D=45.10$

And the second one, when "The second group bought 6 slices of pizza and 5 soft drinks for $33.34" is.

$6P+5D=33.34$

Where: P = pizza slices and D= soft drinks

We need to substract one equation from the other, but firs we need to equal one of the variables. In order to do so, we multiply our first equation by 5 and the second one for 7, therefore we get.

First equation

$40P+35D=225.5$

And the second one:

$42P+35D=233.38$

And now, we substract them and solve.

$40P+35D-(42P+35D)=225.5-233.38$

$40P-42P+35D-35D=-7.88$

$-2P=-7.88$

$P=\frac{-7.88}{-2} =3.94$

The cost of a slide of pizza is $3.94

In case you needed to find the cost of the soft drink, we just substitute P for 3.94 in any of the initial equations, that is:

$8(3.94)+7D=45.1$

$7D=13.58$

$D=1.94$

The cost of a soft drink is $1.94

Best of luck.

7 0

3 years ago

Switching costs, the number of buyers, and if the items represent a relatively small portion of the cost of finished products ar

Murrr4er [49]

Switching costs, number of buyers, and if the items represent a relatively small portion of the cost of finished products are key considerations regarding the bargaining power of buyers.

Switching costs are the costs which are paid by a consumer as a result of switching brands, suppliers, or products. Some companies may employ high switching costs in order to prevent customers from moving to another brand.

Suppose if the customer purchases large volumes of standardized products from the seller, then the buyer's bargaining power is quite high. Also, when substitute of a product is available in the market, the buyer power increases.

Hence, most prevailing switching costs are monetary in nature.

To learn more about switching costs here:

brainly.com/question/15561738

#SPJ4

7 0

1 year ago

Outstanding Job Hours to Print Job Penalty for not completing job in 24 hoursJob A 6 -$120Job B 9 -$200Job C 12 -$360Job D 16 -$

pav-90 [236]

Answer:

Option D is correct

Explanation:

The cumulative loss in penalty of this option is the highest compared to the rest which makes it logical.

7 0

3 years ago

A sports entertainment company wants to research how Canadians spend their free time. It is preparing a survey that will be used

laila [671]

Answer: Backtranslation

Explanation:

Back translation is the process of interpreting a document or retranslating a document that had been translated into another language back to its main original language.

Since the researchers are planning to use English and French versions of the survey, then in the preparation of the survey, they should use backtranslation.

4 0

3 years ago