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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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The plaintiff explains that she acted with the value of integrity when she started her own cleaning business. What did she claim

Anit [1.1K]

Answer:

Called the clients and cancelled jobs

Explanation:

If the plaintiff worked for the defendant and left to set up her own cleaning business, then she will most likely be bound by a non-compete clause.

So if she is saying she acted with the value of integrity, then she would called any of the defendant's clients and cancelled jobs in order to respect the non-compete clause.

However after sometime the non-compete clause is no longer binding.

3 0

3 years ago

At the beginning of the year, Smith Company budgeted overhead of $129,600 as well as 13,500 direct labor hours. During the year,

andre [41]

Answer:

Part 1

$9.60

Part 2

$11,129

Part 3

Journal 1

Debit : Overheads $172,500

Credit : Equipment lease $ 6,800

Credit : Depreciation on building 19,340

Credit : Indirect labor 90,400

Credit : Utilities 14,560

Credit : Other overhead 41,400

<em>Being overheads incurred</em>

Journal 2

Debit : Work In Process $173,760

Credit : Overheads $173,760

<em>Being overheads applied</em>

Part 4

under-applied overheads is $1,260

Part 5

$636,860

Explanation:

Overhead rate = Budgeted Overheads ÷ Budgeted Activity

= $129,600 ÷ 13,500

= $9.60

Total cost (Job K456) = $2,750 + $5,355 + $3,024 = $11,129

Actual Overheads = $ 6,800 + $19,340 + $90,400 + $14,560 + $41,400 = $172,500

Applied overheads = 18,100 x $9.60 = $173,760

Since, Actual Overheads < Applied overheads, overheads have been under-applied. Amount of under-applied overheads is $1,260 ($173,760 - $172,500)

Under-applied overheads are added to cost of goods sold. Therefore, adjusted cost of goods sold will be $636,860 ($635,600 + $1,260)

7 0

2 years ago

Which of the following is not needed to calculate simple interest?

kvasek [131]

Down payment - Apex ;)

4 0

2 years ago

Read 2 more answers

If the free cash flow is $60,000, sales are $200,000, and net income is $100,000, the ratio of free cash flow to sales is a.30%.

Darina [25.2K]

Answer:

30%

Explanation:

The ratio of free cash flow to sales can be calculated by dividing the free cash flow by the sales amount as follows:

Ratio of free cash flow to sales = $60,000 ÷ $200,000 = 0.30, or 30%.

Therefore, the ratio of free cash flow to sales is 30%.

6 0

2 years ago

Suppose you want to invest in ABC stock that does not pay any dividends. A share is trading at $100. You put $10,000 of your own

natta225 [31]

Answer:

A loss of 69%

Explanation:

Price per share $100

Equity invested $10,000

Funds taken from broker $10,000 at an Interest rate 9.00%

Total investment $20,000

Price change 30.00% less

Margin required 30.00%

Total shares purchased from investing = 200 shares

The shares decrease in value by 30%: $20,000 * 0.30 = $6,000.

You pay interest of = $10,000 * 0.09 = $900.

The rate of return will be:

"$6,000 － $900" /"$10,000" = - 0.69 = - 69%

7 0

2 years ago