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PIT_PIT [208]
3 years ago
8

What does you credit score tell lenders about you

Business
1 answer:
Tasya [4]3 years ago
6 0

Answer:

A

Explanation: Your credit score is based on how much you pay your credit card bills

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Monty loaned his friend Ned $24,000 three years ago. Ned signed a note and made payments on the loan. Last year, when the remain
Airida [17]

Answer:

Short term capital loss and $10,800

Explanation:

Remaining balance - Capital gains

$18,000 - $7,200 = $10,800

Monty can report the bad debt of $18,000 as short term capital loss since it is expense for the business and receivables are not recoverable. This amount can be reported as loss of the business.

5 0
2 years ago
A company has an unbiased forecast for its demand. what does that mean?
andrezito [222]
Average of all forecast errors is 0 a company wants to use a regression analysis to forecasts the demand for the next quarter.
8 0
2 years ago
The boy scouts, the veterans of foreign wars, most civic organizations, and many groups that people join because of mutual inter
NISA [10]
The boy scouts, the veterans of foreign wars, most civic organizations, and many groups that people join because of mutual interest are all examples of voluntary associations.  They worked together as volunteers in a form of union or agreement working together for a unified purpose or mutual interest.
5 0
3 years ago
"On January 1, 2018, Payton Co. sold equipment to its subsidiary, Starker Corp., for $115,000. The equipment had cost $125,000,
MAXImum [283]

Solution:

Sales Price $115,000 - BV $80,000 = $35,000

Gain on Sale /8 years = $4,375

Annual Amortisation of Unrealised Gain over Expected Useful Life of the Asset

Parent's Depreciation $84,000 + Sub's Depreciation $60,000 - Annual amortisation $4,375 = $139,625

3 0
3 years ago
Jello's Market purchased $1,000 of goods on account with terms of 2/10,n/30. They returned $200 of the goods due to defect the n
Andreyy89

Answer:

debit Accounts Payable $800; credit Merchandise Inventory $16; and credit Cash $784

Explanation:

Since Jello's Market purchased $1,000 of goods on account with terms of 2/10,n/30, and they returned $200 of the goods due to defect the next day.

Since the goods are paid fr the next day, if falls within the settlement for discount date which is 2% within 10 days

If Jello pays for the purchase within the discount period and uses the perpetual inventory system, the required journal entry to record the payment would: debit Accounts Payable $800; credit Merchandise Inventory $16; and credit Cash $784.

This would be the case because accounts payable account would have been credited since the goods were not bought for cash but on account, and the would be $1000 less $200 returns, which is $800.

The discount of 2% x (1000 - 200 returns) would be $16 and posted directly to inventory, since it is a perpetual inventory system.

The actual amount paid is credited to cash, which is $1000 - $200 returns - $16 discount

5 0
3 years ago
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