Customers with credit cards with no balance are more likely to have high assets and medium-low debt.
<h3>What do you mean by Credit card?</h3>
A credit card is a small rectangular or metal piece of paper issued by a bank or financial services company, which allows cardholders to borrow money to pay for goods and services from merchants who accept cards to pay.
Customers who are more likely to have medium and low credit often use credit cards, but do not leave a balance. They also have a savings account and a retirement account.
Thus, Customers with have credit cards with no balance are more likely to have high assets and medium-low debt.
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Answer:
Liquidity of an asset refers to how easily convertible the asset is to cash or so called liquid money.
Most Liquid - A $5 bill
This is already cash so it is the most liquid there is.
Second-Most Liquid - The funds in a money market account
Funds in a money market account are the second most liquid because most often they can simply be withdrawn from the fund. There might be limits on the number of withdrawals allowed though within a period.
Third-Most Liquid - A share in a publicly traded company
A share in a publicly trade company ranks here because to realize the cash, one would need to sell the share first.
Least Liquid - Your house
Your house will be the most difficult of these to liquidate as it will involve a much longer process to eventually get it sold and realize cash. The process will include but will not be limited to, advertising, hiring realtors, inspection etc.
Answer and Explanation:
The computation is shown below:
a. The predetermined overhead rate is
= $660,000 ÷ 100,000
= $6.60
(b) The amount is
For Job 345, it is
= 560 hours × $6.60
= $3,696
And,
For Job 777, it is
= 800 hours × $6.60
= $5,280
(c) The journal entry is
Work in Process $8,976
To Factory Overhead $8,976
(Being the factory overhead applied is shown below:
= $3,696 + $5,280
= $8,976
Answer:
Explanation:
A training program that teaches people how to locate, maintain, preserve, and make long-term records usable for documentation, legal, analysis, and other purposes.
Answer:
principal = $4864
interest. = $32.42
Total payment. = $4896.42
