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3 years ago

What does you credit score tell lenders about you

Business

1 answer:

Tasya [4]3 years ago

6 0

Answer:

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

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Mountain High Ice Cream Company transferred $68,000 of accounts receivable to the Prudential Bank. The transfer was made with re

horrorfan [7]

Answer:

Entries are given below

Explanation:

Calculations

Cash = ($68,000 x 90%) - ($68,000 x 2%)

Cash = $61,200 - $1,360

Cash = $59,840

Loss on sale = ($68,000 + $3,800) - ($59,840 +$5,800)

Loss on sale = $71,800 - $65,640

Loss on sale = $6,160

Entries

DEBIT CREDIT

Cash $59,840

Loss on sale $6,160

Receivable from factor $5,800

Recourse liability $3,800

Receivables $68,000

4 0

4 years ago

Consists of people, equipment, and procedures to gathr, sort, analyze and distribute needed, timely and accurate information to

AlekseyPX

Marketing information systems (MIS) consists of people, equipment, and procedures to gathr, sort, analyze and distribute needed, timely and accurate information to marketing decision makers

4 0

3 years ago

Service Department Cost Activity Base for Allocation Graphics Production $200,000 number of copies Accounting 500,000 number of

Mandarinka [93]

Answer:

$350,000

Explanation:

Production = $200,000 number of copies

Accounting = $500,000 number of invoices processed

Personnel Department = $400,000 number of employees

These are all service cost

Total number of copies = 20,000 + 30,000 + 50,000 = 100,000

Total number of invoices processed = 700 + 800 + 500 = 2,000

Total number of employees = 130 + 145 + 125 = 400

Rate per service shall be as follows:

Production = $200,000/100,000 = $2 per copy

Cost of Super Division = $2 $\tiimes$ 50,000 = $100,000

Accounting = $500,000/2,000 = $250 per invoice

Cost of Super Division = $250 $\tiimes$ 500 = $125,000

Personnel Department = $400,000/400 = $1,000 per employee

Cost of Personnel Department = $1,000 $\tiimes$ 125 = $125,000

Total service cost of Super Department = $100,000 + $125,000 + $125,000

= $350,000

8 0

3 years ago

In service companies, __________ is supported by a cost ledger with a job cost sheet for each client. a.Work in Process b.Cost o

laila [671]

Answer: Work in process

Explanation:

The work in process is basically refers to the work in the progress that helps in process the production of the products and the services.

The work in process is basically refers to the process inventory system that helps in managing the accounting period and also the cost is basically assigned for the inventory valuation.

According to the given question, the work in process is supported by the cost ledger that manages all the services with the client in the company. Therefore, Work in process is the correct answer.

Therefore, Work in process is the correct answer.

7 0

3 years ago

The deans' suite hoped to cut costs and decided to perform a total cost analysis on its vodka supplier. Consumption was currentl

Paladinen [302]

Answer:

$55,200

Explanation:

Consumption = 6000 bottles

Cost per bottle = $9

Consumption Cost = 6000*$9 = $54,000

No of crates = 6000/100 = 60 crates

Cost pet crate = $20

Crate cost = $1,200

Total annual cost = Consumption Cost + Crate cost

Total annual cost = $54,000 + $1,200

Total annual cost = $55,200

So, the total annual cost to supply vodka from their current supplier is $55,200

4 0

3 years ago