Which of the following would NOT affect your FICO score?

A. M&R Company provided $2,000 in services to customers that are expected to pay the company sometime in January following t

AleksAgata [21]

Answer and Explanation:

The Journal entries are shown below:-

a. Accounts receivable Dr, $2,000

To Service revenue $2,000

(Being service revenue is recorded)

b. Wages expenses Dr, $1,000

To Wages payable $1,000

(Being wage expenses is recorded)

c. Interest expenses Dr, $400

To Interest payable $400

(Being interest expenses is recorded)

d. Lawn service expenses $500

To Accounts payable $500

(Being lawn service expenses is recorded)

e. Interest receivable $200

To Interest revenue $200

(Being interest revenue is recorded)

f. Salaries expenses $900

Salaries payable $900

(Being salary expenses is recorded)

3 0

3 years ago

Shelley wants to cash in her winning lottery ticket. She can either receive eight $100,000 semiannual payments starting today, o

Aleksandr-060686 [28]

Answer:

single-amount payment $925,160

Explanation:

Given data:

Amount $100,000

Rate 6%

interest semi annually 3%

Number of period 5

Lumpsum Payment $= A\times {PVAF@ I,n}$

$= A\times {PVAF@ 3\%,5}$

calculation for PVAF

PVAF @ I,N $=\frac{(1-(1+I)^-N)}{I}$

[email protected] 3%,5 $= \frac{(1-(1+0.03)^{-5})}{0.03}$

=4.58

Lumpsum Payment =202000*4.58

=925160

6 0

2 years ago

Proceeds from the sale of bonds represent a.the amount of the debit to Cash in the journal entry recording the sale. b.the face

insens350 [35]

Answer:

d.All of these choices are correct.

Explanation:

a) when we sale the bonds cash will be debited for the journal entry.

b) the value will be the face value times quoted value

face value of $1,000,000 quoted at 98

example $1,000,000 x 98/100 = $980,000

c) we compare the face value against the proceeds to determinate the gain or loss

4 0

3 years ago

When the aggregate supply curve is vertical, which of the following is not true? Group of answer choices The economy is producin

Anni [7]

Answer:

The economy is expanding quickly.

Explanation:

Aggregate supply is a measure of the total supply of goods and services made available by the supplier in an economy.

The normal aggregate supply curve is one with a positive slope. That is as price increases there is an increase in aggregate supply, and when price reduces aggregate supply also reduces.

However when aggregate supply curve is vertical, only one level of output is produced no matter the rise or fall of price.

This indicates that the economy is producing at capacity, and any increase in price will not result in increase in output.

It does not mean that the economy is expanding quickly.

8 0

3 years ago

This is for career planing and skill development : What is the key to personal fulfillment in your job?

Natalka [10]

Since it is asking about personal fulfillment I would say C.

3 0

1 year ago

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