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MAVERICK [17]
2 years ago
11

In analyzing the chart, what is the relationship between fees and dollar advanced? What do you think that payday lenders base th

eir fees on?

Business
1 answer:
mezya [45]2 years ago
7 0

<em>Fees are directly related with the dollars advanced. Meaning as the dollars advanced increases, fees also increases and same goes as the dollars advanced decreases, fees also decreases. And therefore, using this same concept, we can say that payday lenders based their fees on the amount of dollar advanced.</em>

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Answer:

Dr Loss on impairment 8,700

    Cr Debt investment 8,700

Explanation:

Yayai didn't purchase Schuyler's bonds to trade them, they purchased them as a held-to-maturity investment, so they are reported in the Debt investments account which has a debit balance (asset account). Since it decreases in value, it should be debited.

The loss on impairment account reports decreases in the net carrying value of assets, such as debt investments.

6 0
3 years ago
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Svetllana [295]

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6 0
3 years ago
Which are examples of a person changing careers? Check all that apply. a home insurance salesman decides to start selling home w
miskamm [114]
<span>Which are examples of a person changing careers? Check all that apply.
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3 years ago
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Dima020 [189]

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Thanks for your question!

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3 years ago
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