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2 years ago

Do you think George will be approved for one of the three cards on his list? Why or why not.

1 answer:

3 0

George will be approved for a credit card only if he has a positive credit history, and if he meets the requirements the bank asks for.

Obtaining a credit card for most people depends on two main factors:

A positive credit history: This factor implies the customer has shown positive behavior in terms of payments, and due to this, this person can be trusted.
Meet the requirements: Many banks as for specific requirements to approve a credit card. The most common requirements are:

Be at least 21 years old.
Receive an income every month.
Not having higher debts.

Note: This question is incomplete because the descriptions of the three cards are missing; due to this, I answered based on general knowledge.

Learn more about credit card in: brainly.com/question/1113886

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Automation Services Co. offers its services to companies desiring to use technology to improve their operations. After the accou

Mars2501 [29]

Answer and Explanation:

The journal entries are shown below:

1 Fees Earned $614,500

To Income Summary A/c $614,500

(Being the closing of revenue accounts is recorded)

Income Summary A/c $486,900

To Rent Expenses A/c $140,000

To Supplies Expense A/c $18,200

To Wages Expenses A/c $320,000

To Miscellaneous Expenses A/c $8,700

(Being the closing of expenses accounts is recorded)

Income Summary A/c $127,600 ($614,500 - $486,900)

To Retained Earnings A/c $127,600

(Being the closing of the income summary is recorded)

Retained Earnings A/c $45,000

To Dividends A/c $45,000

[Being the closing of the Dividend account is recorded]

3 0

3 years ago

Which property of addition is used for (3+7)+6=3+(7+6)

arlik [135]

The property addition that is being used is:

<em>The Addition Property</em>

8 0

4 years ago

Read 2 more answers

E contributes $36,000 in cash to the business to receive a 10 percent interest in the partnership. Goodwill is to be recorded. P

Kisachek [45]

Answer:

A = $97,200

B = $32,400

C = $129,600

D = $64,800

E = $36,000

Explanation:

Provided for 10% share in business E contributes = $36,000

That means total capital = $36,000/10% = $360,000

Therefore remaining partner's share = 100 - 10% = 90%

Total Value of share of all partners except E = $360,000 - $36,000 = $324,000

Which shall be in the ratio

A = 30%, B = 10%, C = 40%, D = 20%

Therefore, capital balances shall be as follows:

A = $324,000 $\times$ 30% = $97,200

B = $324,000 $\times$ 10% = $32,400

C = $324,000 $\times$ 40% = $129,600

D = $324,000 $\times$ 20% = $64,800

E = $36,000

Total Share = $360,000

6 0

3 years ago

Preparing a Budgeted Income Statement Oliver Company provided the following information for the coming year: Units produced and

Lena [83]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Units produced and sold 160,000 Cost of goods sold per unit $6.30 Selling price $11

Variable selling and administrative expenses per unit $1.10

Fixed selling and administrative expenses $423,000

Tax rate 18 %

Income Statement:

Sales= 160,000¨11= 1,760,000

COGS= 6.30*160,000= (1,008,000)

Gross profit= 752,000

Selling and administrative expense= (160,000*1.10) + 423,000= (599,000)

Earning before taxes= 153,000

Tax= 153,000*0.18= (27,540)

Net operating profit= 125,460

6 0

3 years ago

Your partner wants to make sure you are well taken care of financially in the event they die, and so takes out a life insurance

astraxan [27]

The partner bought a life insurance policy with the stipulation that if he died, the insurance claim would be paid to another partner. He may sue as the contract's beneficiary if the insurance company refuses to pay the sum to the other partner following the partner's death.

<h3>When the beneficiary sew the contract?</h3>

A third-party beneficiary is a person or company who gains from the conditions of a transaction between two parties.

A third-party beneficiary may have legal rights that can be enforced if the contract isn't carried out.

The person or beneficiary can sew the contract on the absence of original party as he is beneficiary to the contract.

In the given case, the another partner can sew against the insurance company as he is a party to a contract.

Therefore, option A is correct.

Learn more about the contract, refer to:

brainly.com/question/2669219

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6 0

2 years ago