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3 years ago

Government regulations on credit aim to:

Business

2 answers:

Nimfa-mama [501]3 years ago

8 0

Answer:

C. Support those borrowing credit.

Explanation:

Government regulations on credit aim to support those borrowing credit because there should be controls in place to avoid financial institutions to take advantage of borrowers with credit conditions that are bad for them. Also, to avoid that individuals take a lot of credits that they won't be able to pay back and that will led financial institutions to bankruptcy. Because of that, governments put regulations in place to protect consumers.

Dominik [7]3 years ago

4 0

B. Help borrowers pay on time.

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Betty made a 20% profit on a residential lot she sold for $30,000. What did she pay for the property

Ludmilka [50]

Answer: $25000

Explanation:

From the question, we are informed that Betty made a 20% profit on a residential lot she sold for $30,000. Let the cost price of the property be represented by x.

Therefore, (100% + 20%) of x = $30000. This means that 120% of x = $30000.

120% × x = $30000

1.2x = $30000

x = $30000/1.2

x = $25000

Therefore, the amount paid for the property is $25000

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3 years ago

Patrick Rach International issued 5% bonds convertible into shares of the company's common stock. Rach applies U.S. GAAP. Upon i

Ludmilka [50]

Answer:

The correct answer is letter "B": The proceeds of the bond issue entirely as debt.

Explanation:

Under the U.S. General Accepted Accounting Principles (GAAP) the issuance costs of bonds are ignored for reporting purposes but the amount of sales revenues is recorded as debt. The amortization of the bond can be calculated using the effective interest method or the straight-line method.

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3 years ago

What can you do to protect your personal information?

tia_tia [17]

Make sure your emails are only used on reliable sites, along with your number and address, avoid websites that don’t use .gov .com or .org

4 0

3 years ago

Village East expects to pay an annual dividend of $1.40 per share next year, and $1.68 per share for the following two years. Af

VashaNatasha [74]

Answer:

$15.15

Explanation:

Given:

D1 = $1.4
D2 = $1.68
Growth = 3.4% = 0.034
Discount rate = 13.7 % = 0.137

As we know that:

P3= ($1.68 × (1+034)) / (0.137 - 0.034)= $16.86

So, P0:

= $1.40 / 1.137 + $1.68 / 1.1372 + ($1.68+ $16.86)/ 1.1373

= $15.15

Hope it will find you well.

8 0

3 years ago

The June 30, 2021, year-end trial balance for Askew company contained the following information: Account Debit Credit Inventory,

user100 [1]

The cost of goods sold for the Askew Company for the year ending June 30, 2021 is $233,000.

Using this formula

Cost of goods sold=Beginning Inventory+ Net purchases- Ending Inventory

Where:

Beginning Inventory=$32,000

Net purchases=($240,000-$6,000-$10,000+$17,000)=$241,000

Ending Inventory=$40,000

Let plug in the formula

Cost of goods sold=$32,000+$241,000-$40,000

Cost of goods sold=$233,000

Inconclusion the cost of goods sold for the Askew Company for the year ending June 30, 2021 is $233,000.

Learn more here:

brainly.com/question/15708509

4 0

2 years ago