Answer:
The correct answer is letter "C": Your credit history is little to none, which makes it difficult to obtain credit moving forward.
Explanation:
Having a thin credit file implies there is little to no information about your credit history. This scenario is typical for people who have not requested any credits in the past. When they apply for a loan for the first time, they might struggle because banks do not have much information to determine if that person will take care of the loan payments or not.
Answer:
On average, The number of days customers taking to pay their bills are 60.8 days
Explanation:
The number of days customers taking to pay their bills = The average accounts receivable turnover in days = The number of days Fisher's Furniture Storecollect the cash from sale = 365/Accounts receivable turnover
Accounts receivable turnover = Net Credit Sales (for year) /Average Accounts Receivable = $900,000 x 12/$1,800,000 = $10,800,000/$1,800,000 = 6 times
The number of days customers taking to pay their bills = 365/6 = 60.8 days
Answer:
The correct answer is A. allocates overhead to activity cost pools, and it then assigns the activity cost pools to products and services by means of cost drivers.
Explanation:
The System of Costs Based on ABC Activities (Activity Based Costing) is a model that allows the allocation and distribution of the different indirect costs, according to the activities carried out, since these are the ones that really generate costs. This system stems from the need to solve the problem normally presented by standard costs, when they do not faithfully reflect the value added chain in the development of a particular product or service, and therefore, an adequate determination of the price.
The ABC cost model allocates and distributes indirect costs according to the activities carried out in the process of manufacturing the product or service, identifying the origin of the cost with the necessary activity, not only for production but also for distribution and sale; The activity is understood as the set of actions that aims to incorporate added value to the product through the manufacturing process. Complementing the definition of activity, it should be mentioned that the ABC Model is based on the fact that products and services consume activities, and these in turn are the ones that generate costs.
Answer:
Make sure it is hidden so no one will see you withdraw money, and check for any suspicious people lurking nearby.
Explanation:
Doesn’t really need one, just make sure your money is safe.
Answer:
A subcontractor is a company or person who is hired by a general contractor (or prime contractor, or main contractor) to perform a specific task as part of the overall project and is normally paid for services provided to the project by the originating general contractor.
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