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Likurg_2 [28]
3 years ago
14

Which of the following are true if you pay only the minimum amount each month towards your credit card bill?

Business
1 answer:
Alona [7]3 years ago
8 0
The correct answer is: D; "both a and b are true"

Hope I helped :)
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Which of the following transactions decrease cash? 1) Purchase inventory from cash 2) Pay trade accounts payable 3) Accruing ope
NARA [144]

Answer:

The answer is:

1) Purchase inventory from cash;

2) Pay trade accounts payable

4) Purchase stock in R&D partner

Explanation:

Please see the below for detailed explanations:

1) Purchase inventory from cash: Cash should decrease as cash payment needs to be made to supplier in exchange for inventory. The usual entry is Dr Inventory, Cr Cash;

2) Pay trade accounts payable: Cash balance should fall as cash will be transferred to creditor for settling Account Payable. The usual entry is Dr Account Payable Cr Cash;

3) Accruing operating expenses: this is to record expenses incurs but not yet paid or expenses had already prepaid in the past but had not yet incurred. Thus, cash balance will not be changed.

4) Purchase stock in R&D partner: Cash should decrease as cash payment needs to be made to partner in exchange for inventory.

5) Depreciation expenses: this is a non-cash expense.

4 0
4 years ago
To avoid the difficulties involved in starting a business from scratch, Sana decides to obtain the rights to operate an outlet o
Mariana [72]

Answer:

Franchisee

Explanation:

A franchise business is a form of business arrangement where a business owners , who is known as the franchisor , sells the right to operate its business to another entity known as the Franchisee.

This business arrangement is legally binding an it gives right to the use of the business name , logo ,and model to third party retail outlet.

This explains the type of business arrangement that Sana is planning , considering the explanation given in the question.

8 0
4 years ago
Read 2 more answers
Top earning game of USA​
padilas [110]

Answer:

Clash of Clans by Supercell

Explanation:

According to Góogle Play ranking as of April 2021, the top-earning game of the USA​ is Clash of Clans by Supercell.

This game is available on the Andriod operating system. and it has been in existence since 2012. It currently has close to a billion downloads across platform different website platforms.

3 0
3 years ago
The plant union is negotiating with the Eagle Company, which is on the verge of bankruptcy. Eagle has offered to pay for the emp
nexus9112 [7]

Answer:

d. a., b., and c.

Explanation:

Reduction in pay (a) Marginal tax (b) Reduction in tax (c = a x b)

A. $5000                            0.28                              $1,400

B. $4000                             0.15                                  $600

C. $6000                              0.35                                $2100

Reduction in After-tax Income (d = a - c)

A. $3,600

B. $3,400

C. $3,900

this means that all the above a, b, and c options are correct because in all the three cases, the reduction in after-tax pay of the employee will be less than $4000 value of the nontaxable insurance premium to be paid by the employer which would ultimately benefit the employee.

7 0
4 years ago
noncash items, nonoperating items, and changes in current assets and liabilities are necessary adjustments to
notka56 [123]

Noncash items, nonoperating items, and changes in current assets and liabilities are necessary adjustments to <u>net income</u>

In accounting, noncash objects are monetary gadgets which include depreciation and amortization which can be protected inside the enterprise' internet profits, but which do now not have an effect on the coins go with the flow.

Those non-coins sports may additionally include depreciation and amortization, in addition to obsolescence. Property, plant and gadget resides on the balance sheet. Those items are taken at the earnings assertion in small increments called depreciation or amortization.

They ought to be incorporated within the assertion of coins flows in a phase classified, "Significant Noncash Transactions."

Learn more about Noncash items here:- brainly.com/question/14008987

#SPJ4

5 0
1 year ago
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