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2 years ago

12

There are three main credit reporting bureaus -- Equifax, Experian, and TransUnion. How frequently can you request and receive a

free credit report from each bureau

1 answer:

liberstina [14]2 years ago

3 0

Answer:

You're entitled to one free copy of your credit report every 12 months from each of the three nationwide credit reporting companies.

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The Dell Corporation borrowed $ 10,000,000 at 5% interest per year, which must be repaid in equal EOY amounts (including bot

Dvinal [7]

Answer:

- Dell must repay $1,728,198.18 at the end of each year.

- $2,097,387.29 out of the total repaid amount is interest expense.

Explanation:

- EOY equal repayment calculation:

We apply the present value formula for annuity to calculate the equal repayment amount Dell needs to make in the next 7 years.

Denote C is equal repayment, PV is present value of the loan which is $10 million, i is interest rate which is 5%, n is the number of repayments which is 7.

We have: C = (PV x i) / [ 1 - (1+i)^-n] => C = (10,000,000 x 5%) / ( 1 -1.05^(-7)) = $1,728,198.18.

- Interest expense calculation:

Total repayment made: 1,728,198.18 x 7 = $12,097,387.29.

Total interest expense = Total repayment made - principal amount = 12,097,387.29 - 10,000,000 = $2,097,387.29

8 0

4 years ago

Assume a merchandising company provides the following information from its master budget for the month of May:

inessss [21]

Answer:

a. $5,000

Explanation:

The computation of the borrowing is shown below:

Cash balance, May 1 $20,000

Add: Cash collections from customers $80,000

Total cash available $100,000

Less:

Cash disbursements for merchandise purchases -$35,000

Cash disbursements for selling and administrative expenses -$40,000

Excess cash available $25,000

And, there is a minimum cash balance of $30,000

so we have to borrowed $5,000

5 0

3 years ago

A private not-for-profit entity receives three large cash donations: One gift of $75,000 is restricted by the donor so that it c

kupik [55]

Answer:

$310,000

Explanation:

Calculation to determine the increase in the current year in net assets with donor restrictions

Using this formula

Net assets current year Increase=Restricted gift by donor+Restricted gift to pay salary+Restricted gift withheld+Unspent income earned

Let plug in the formula

Net assets current year Increase=$75,000+$95,000+$125,000+$15,000

Net assets current year Increase=$310,000

Therefore the increase in the current year in net assets with donor restrictions will be $310,000

8 0

3 years ago

The amount of the outstanding checks is included on the bank reconciliation as a(n) deduction from the balance per company's rec

Sphinxa [80]

Answer:

D) deduction from the balance per bank statement

Explanation:

A bank reconciliation statement is a document that matches the cash balance on a company’s balance sheet to the corresponding amount on its bank statement. Reconciling the two accounts helps determine if accounting changes are needed. Bank reconciliations are completed at regular intervals to ensure that the company’s cash records are correct. They also help detect fraud and any cash manipulations.

7 0

3 years ago

n the industry and the community, Tri-State is known for its low-cost business strategy, but also as a company that is generous

Snezhnost [94]

Answer:

Tri-State's social actions would be classified as:

Corporate Social Responsibility.

Explanation:

Corporate Social Responsibility involves alignment or integration of the social and environmental concerns with the entity's operations and economic responsibilities for sustainable organizational development. It enables a business entity to remain relevant and accountable. Companies like Tri-State are increasingly trying to make a difference in their environments while building positive brand image by giving back to their community, taking active part in philanthrope, and providing positive social values.

4 0

3 years ago