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2 years ago

People commonly use credit cards, auto loans, home mortgages to finance their purchases *

Business

2 answers:

bekas [8.4K]2 years ago

5 0

Answer:

People use credit cards for daily purchases. I think the question is asking for finance a purchases which will conclude it's a big purchases so YES people will use credit and assists to finance purchases

Explanation:

The best answer is A. Ture

nalin [4]2 years ago

4 0

Answer:

the answer to this question is true

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On January 1 of the current reporting year, Coda Company's projected benefit obligation was $29.4 million. During the year, pens

Sav [38]

Answer:

The amount of the projected benefit obligation at December 31 was $ 38.34 million

Explanation:

According to the given data, we have the following:

Beginning PBO= $29.4 million

Service cost= $9.4 million

The actuary's discount rate was 10%, hence Interest cost (10% x $29.4 million)= $2.94 million

Also, there is a Loss (gain) on PBO=$0 , and pension benefits paid by the trustee were $3.4 million.

Therefore, to calculate the amount of the projected benefit obligation at December 31 we would have to use the following formula:

Ending PBO=Beginning PBO+Service cost+Interest cost-pension benefits

=$29.4 million+$9.4 million+$2.94-$3.4 million

=$38.34 million

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2 years ago

Woods Company made an ordinary repair to a delivery truck at a cost of $500. Woods' accountant debited the asset account, Equipm

Nutka1998 [239]

Answer:

Yes this statement was an error and its effect on financial statements of Woods will be that asset ( equipment in this case) would be overstated and obviously the net income of the company would also increase.

Explanation:

Here Woods accountant has made the error of debiting the cost of $500 on the asset account ( equipment) , which shouldn't have happened as the asset accounts have natural debit balance which means that when an amount is debited to the asset account it will increase the value of the asset.

So therefore here we can say that the asset here is overstated and if the assets are shown overstated it is natural that the income reflected would also be overstated.

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2 years ago

____ are procedures used to verify the truthfulness and accuracy of information that applicants provide about themselves and to

masya89 [10]

Background checks, I would assume.

6 0

3 years ago

Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most bal

Paladinen [302]

Answer:

1. The GDP deflator for this year is calculated by dividing the value of all goods and services produced in the economy this year using this year's prices by the value of all goods and services produced in the economy this year using the base year's prices and multiplying by 100.

This is why the formula for the GDP deflator is = GDP by year n prices/ GDP by base year prices.

2. However, the CPI reflects only the prices of all goods and services bought by consumers. 

3. Which does an increase in the price of a Chinese-made car that is popular among U.S. consumers show up in? - B) CPI

The Chinese-made car is not made in the US and is included in the basket of goods consumers buy which is used to calculate calculate CPI.

4. Which does a decrease in the price of a Treewood Equipment feller buncher, which is a commercial forestry machine that cuts and stacks trees show up in? - A) GDP Deflator

This is not part of the goods in the basket and it is assumed to be made domestically so it is part of the GDP Deflator.

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2 years ago

Which explains a way banks channel money from savers to borrowers? (study island)

Andrew [12]

Banks lend money from saving accounts to people who need loans

5 0

3 years ago