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2 years ago

Credit Card #1

Business

1 answer:

o-na [289]2 years ago

8 0

Based on the information given, it can be deduced that the annual percentage rate (APR) is 24%.

The annual percentage rate simply means the yearly interest that's generated by a sum that's charged to a borrower. In this case, the APR is 24% after 6 months.

Also, the credit cards that have an annual fee will be credit card 2 and 3. It can also be deduced that the grace period is the same for the three credit cards while credit 3 has a membership.

If one pays the credit card bill on time and the balance each month, the best credit card is credit card 1. Lastly, when one has a balance from time to time credit card 1 is still the best.

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A company has $107,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts

yawa3891 [41]

Answer:

None of these

what would be the correct answer choice?

Assuming 5% of outstanding accounts receivable, the journal entry:

Dr Bad Debt Expense $ 6.320

Cr Allowance for Uncollectible Accounts $ 6.320

Explanation:

If the company applies the allowance method, it means that the account

Allowance for Uncollectible Accounts must show as balance the 5% of outstanding receivables as debit.

Because the company has a credit balance in that account it's necessary to register an entry that compensate the value as credit and reflect as debit the value estimated as 5% of account receivable.

Initial Balance

Dr Accounts Receivable $ 107,000

Dr Allowance for Uncollectible Accounts $ 970

The journal entry adjustment will be:

Dr Bad Debt Expense $ 6,320

Cr Allowance for Uncollectible Accounts $ 6,320

FINAL Balance

Dr Accounts Receivable $ 107,000

Cr Allowance for Uncollectible Accounts $ 5,350

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3 years ago

Which of the following is a general two-year college level degree

svetlana [45]

Answer:

an associates degree

Explanation:

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3 years ago

Read 2 more answers

Francine moved out of the property she was renting, and she left it in pristine condition. How long after she moves out does the

inessss [21]

One month; property manager will have to return her security deposit in one month after she moves out of the property.

More about security deposit:

Source of funds to pay tenant obligations owed to the landlord in the event of a breach of the rental or lease agreement. When a tenant fails to uphold their financial obligations under the terms of a rental or lease agreement, the landlord may be able to recover some of their financial losses from the security deposit.

If a tenant's creditworthiness affects the security deposit, the landlord must set clear and specific criteria for the various creditworthiness levels they consider when choosing tenants (such as credit scoring).

Additionally, each potential tenant who falls within each level of creditworthiness must pay the security deposit amount that has been established for that level.

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2 years ago

Suppose the customer data analysis software used by ABC Bank is significantly changed, and its documentation is therefore revise

viva [34]

Based on the information given this type of maintenance is called a maintenance release.

A maintenance release is a release which help to make correction on security issues such as threat or vulnerability without modifying or adding new features to the software.

Maintenance release help to fix or repair programming errors that occur during the software life cycle stage or programming error that occur due to mistake during the requirement stage validating process.

Software that are released often undergo a maintenance release so as detect and fix any error or bug that was detected.

Inconclusion this type of maintenance is called a maintenance release.

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2 years ago

Juggernaut, Inc. makes large-size commercial appliances such as freezers and refrigerators. These items are bulky and the firms

-Dominant- [34]

Answer:

Regional Production

Explanation:

Juggernaut, Inc. can manufacture its bulk products by region, that way the distance to each selling point is less and the costs are lower.

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3 years ago