On December 31, 2020, Marin Company borrowed $67,653 from Paris Bank, signing a 5-year, $114,000 zero-interest-bearing note. The note was issued to yield 11% interest. Unfortunately, during 2022, Marin began to experience financial difficulty. As a result, at December 31, 2022, Paris Bank determined that it was probable that it would receive back only $85,500 at maturity. The market rate of interest on loans of this nature is now 12%.
Prepare the entry, if any, to record the impairment of the loan on December 31, 2022, by Paris Bank.
Answers
Answer:
Journal Entries
December 31, 2020
Dr. Note Receivables $114,000
Cr. Discount on bond $46,347
Cr. Cash $67,653
December 31, 2020
Dr. Impairment loss $20,839
Cr. Allowance for Impairment $20,839
Explanation:
Calculate the discount on the bond as follow
Discount on the bond = Face value of Note - Borrowed Amount = $114,000 - $67,653 = $46,347
On December 31, 2020 calculate the present value of face value of note and recoverable value
Present value of Note = Face value x Discount factor at 11% for 3 years = $114,000 x 1/( 1 + 11%)^3 = $83,355.82
Present value of recoverable value of note = Recoverable value of note x Discount factor at 11% for 3 years = $85,500 x 1/( 1 + 11%)^3 = $62,516.86
Now calculate the impairment loss as follow
Impairment loss = Present value of Note - Present value of recoverable value of note = $83,355.82 - $62,516.86 = $20,838.96 = $20,839
Related Questions
Consider the following word problem. Imagine that Dr. White of the French department, Dr. Black of the English department, and Dr. Brown of the Economics department are talking. There is one woman among these three, and she does not have brown hair. During the conversation, The woman notes that "our names are White, Brown and Black and one of us has white hair, one has brown hair and one black." “That is true," replies the person with black hair, "and not one of us has hair that matches his or her name.” "You are so right!" says Dr. White.
Answers
From the word problem given, the woman is Dr. Black, and her hair color is white. Dr. White has black hair, and Dr. Brown has brown hair.
What is the hair color of each person, and who is the woman?This is a word problem which we can approach from a different perspective
Let's start by making a table with the information given:
White Brown Black
Name White Brown Black
Gender ? ? ?
Hair ? ? ?
From the first sentence, we know that there is one woman among the three, so we can fill in the Gender row with:
White Brown Black
Name White Brown Black
Gender F ? ?
Hair ? ? ?
From the second sentence, we know that the woman does not have brown hair, so we can fill in the Hair row with:
White Brown Black
Name White Brown Black
Gender F ? ?
Hair B/W ? ?
The Hair row shows the possible hair colors for each person. B/W means that the person can have either black or white hair.
From the third sentence, we know that each person has a different hair color, so we can eliminate the possibility of all three having different hair colors. Therefore, two people must have one of the hair colors (either black or white), and the third person must have the other hair color.
Let's assume that Dr. White has white hair. Then, according to the second sentence, Dr. Brown must have black hair, and Dr. Black must have brown hair. But this contradicts the fourth sentence, which states that none of them have hair that matches their name.
So our assumption was incorrect. Let's assume that Dr. White has black hair. Then, Dr. Black must have white hair, and Dr. Brown must have brown hair. This satisfies all the conditions, and we have a unique solution.
Therefore, the woman is Dr. Black, and her hair color is white. Dr. White has black hair, and Dr. Brown has brown hair.
White Brown Black
Name White Brown Black
Gender F ? F
Hair B B W
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What key leadership skill involves comprehending what those that you're leading want and what is motivating them to do well?
A. understanding
B. freedom
C. attention
D. communication
Answers
1. Emotional Intelligence
Emotional intelligence is one of the most important leadership soft skills. Leaders deal with a variety of sensitive and stressful situations, and need good judgment to be able to operate appropriately in such circumstances. Understanding what employees might be thinking or feeling in certain situations helps managers make decisions that support the staff. These leaders are less likely to alienate employees and likelier to connect more deeply with team members.
Leaders who can read emotions and predict potential reactions can keep employee morale high and avoid many workplace conflicts. Plus, these bosses can react in realtime and change tactics mid conversation, for instance if they notice team members withdrawing from conversation or displaying guarded body language. These skills help leaders de-escalate tension and detect issues within the department. Also, emotional intelligence simply helps leaders get along better with staff and foster greater levels of trust.
2. Relationship Building
Relationship building is one of the most essential traits of good leaders. To gain a leadership position, a professional should show an aptitude for getting along with others. Leaders interact and work with a wide variety of people, from the team they manage, to higher-ups, to fellow managers and collaborating departments, to clients and vendors. To do the job effectively, leaders must know how to connect and communicate with these different groups and individuals. The relationship between supervisor and supervisees is especially important, as leaders can only develop their reports through positive rapport and repeated contact.
Beyond making 1:1 connections, leaders must also know how to foster relationships between team members. Leaders unite team members around a common vision and shared goals, and keep those bonds strong by nurturing communication and respect among the group. To achieve harmony and cooperation, leaders must know how to build and maintain group ties.
We also have a guide to collaborative leadership.
3. Problem Solving
Problem solving is one of the most essential leadership skills. Leaders spend a significant amount of time putting out fires and solving issues for customers, the company, and the team. Leaders are the ones colleagues look to for advice and help, and often have the final say on the course of action.
These individuals need to know how to think outside of the box, imagine new solutions, predict consequences, and test out theories in low-risk ways. This quality separates leaders from the rest of the workforce. Even without an official title, leaders come to coworkers’ aid, brainstorm, and try to come up with fixes to issues and better ways of operating.
These individuals also need to know how to solve problems in group settings, since modern work revolves around collaboration. More input means a greater variety of ideas, and a leader should know how to choose the best ideas from the bunch. Leaders should also learn how to guide teammates through the problem solving process instead of automatically fixing every issue that arises. This approach helps teams be more skilled and self-sufficient.4. Decision Making
Leaders make many decisions. Often, these individuals have the final say on tough calls, and many times, need to choose a path with imperfect or incomplete information. These decisions tend to involve large budgets or affect operations or employees.
5. Persuasion
Persuasion is the difference between managers vs leaders. Managers get team members to follow orders, yet leaders get team members to believe and buy into a vision. It is important for leaders to be able to convey the importance of a mission. Persuasion is essential to getting colleagues to join a cause. Great leaders can express the importance of the mission and make team members believe in leadership and themselves. Persuasion sparks passion. The most skilled leaders not only convince team members to cooperate, but inspire these teammates to collaborate. When these individuals win their peers’ confidence, coworkers question their decisions less and follow on instinct. These folks are able to earn trust by showing colleagues that the plan is in their best interests.
Persuasion is an especially useful skill for up-and-coming leaders. Since these professionals do not have a track record of experience and success to prove their prowess, they must convince their bosses and reports to believe in and take a chance on them.
Leaders must get buy-in from stakeholders, and should know how to persuade different parties and how to alter the approach to fit the situation and individual.
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The key leadership skill involves comprehending what those that you're leading want and what is motivating them to do well is communication. Thus the correct option is D.
What is leadership?Leadership refers to the art of directing and influencing pople or group of popel in an organization with pleasing efforts to gain their support and helps them to grow by providing better direction.
Communication is referred to the exchange of information between two individuals in the form of conversation, opinion, suggestion, or advice with the help of medium or direct interaction.
Effective communication skills of leaders help them to communicate their ideas and motivate the employees as well as subordinates to perform well.
Therefore, option D is appropriate.
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Use what you have learned about managing risk to complete the following statements.
Smart phones are very expensive. You can purchase a protection plan that lets you
carrier.
Choosing to buy a case for your phone and being careful are ways to
vrisk.
risk with the phone
Answers
The phone can be risked by choosing to get a case for it and by being cautious. Hence, (B) is the best choice.
What is meant by Risk Management ?Risks can come from a variety of sources, such as unpredictability in global markets, threats from project failures (at any stage of design, development, production, or sustaining of life cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events with unclear or unpredictable root causes.
Negative occurrences are categorized as dangers, whilst favorable events are categorized as opportunities. Many organizations, including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards (quality management standards)
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Answer:
Use what you have learned about managing risk to complete the following statements.
Smart phones are very expensive. You can purchase a protection plan that lets you
✔ share
risk with the phone carrier.
Choosing to buy a case for your phone and being careful are ways to
✔ reduce
risk.
Explanation:
classmate
Date
Page
and
controlling centre of the organizatroit:
Justity.
s
3 "An office is planning implementing
Answers
Answer:
what it is................
The law in your state allows an employer to create an
enforceable agreement that restricts an employee's
postemployment activities as long as the restriction is
reasonable in terms of purpose, geographic area, and
duration. Your employer is a dominant force in the
technology industry, an industry that is ever changing at
a rapid pace. As a result, top employees want the flex-
ibility to move from company to company. Of course,
having and keeping top employees is a competitive
advantage. Assume that you are an executive charged
with determining whether your firm will embrace a
postemployment restriction within its contracts of
employment. If you adopt a justice theory approach,
what result might you adopt, and why? If you adopt a
utilitarianism approach, what result might you adopt,
and why?
Answers
Utilitarian theory respects all persons equally without particular regard and assists people in making moral decisions. The utilitarian theory provides a basic technique. According to utilitarian philosophy, humans value all moral terms such as self-sacrifice, justice, and honesty.
There are various philosophies of justice, including utilitarianism, justice as fairness, and libertarianism. Utilitarians were those who supported utilitarian doctrine. With utilitarian theory being one of the theories of justice, the researcher was compelled to investigate how the theory provides justice to people, how it impacts human behaviour, and the issues the theory faces in the present world. Act utilitarians argue that their theory gives compelling grounds to reject many conventional moral statements and substitute them with moral perspectives based on the consequences of actions. People who are persuaded by act utilitarianism's critics may decide to abandon utilitarianism outright and adopt another form of moral theory.
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A POS merchant system is __
Answers
Answer:
POS means point of sale
Explanation:
The point of sale or point of purchase is the time and place where a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer, and indicates the options for the customer to make payment.
What do you call it when you don't invest in your new and smaller businesses?
Answers
Answer:
investment foe buisness
When you don't invest in your new and smaller businesses, it is called debt investment.
Debt investment basically means opting to use an amount borrowed to finance one's business (either big or small business). This investment refers to a scenario when an investor (i.e. banks) lend money to the entrepreneur with the expectation that the entrepreneur will pay-back the investment with interest.
This type of business running system is somewhat burdensome because of repayment of the loan with interest.
The advantage of this method of financing is that the capital is fully provided to the business owner.
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Economic demand is?
A. the amount of a good or service that consumers are willing and able to buy at one price.
B. the amount of a good or service that consumers are willing and able to buy at various prices.
C.the amount of a good or service that producers are willing and able to produce at various prices.
D. the amount of a good or service that consumers are willing but not able to buy at various prices.
Which of the following is correct?
Answers
The correct answer is B. Economic demand is the amount of a good or service that consumers are willing and able to buy at various prices.
It reflects the relationship between the price of a product and the quantity that consumers are willing to purchase at that price. Demand is influenced by factors such as price, consumer preferences, income levels, and availability of substitutes.
As the price of a product decreases, the quantity demanded generally increases, and vice versa, following the law of demand. The demand curve represents this relationship, showing the quantity of a good or service that consumers are willing and able to buy at different price points.
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Question 4
What is the main risk posed by pests in the operation?
SELECT ONE
a
Cross-contact
b Chemical contamination
C Temperature abuse
d Biological contamination
Answers
The main risk posed by pests when it comes to food is that of d. Biological contamination
Pests are very bad for food because:
They can infect it with faces They can infect the food with dangerous pathogensFetal contamination and bacterial (pathogenic) infections are examples of biological contamination.
We can therefore conclude that pests are more likely than not, to pose a risk of biological contamination.
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Do you think teams are a valuable new management technique that will endure, or are they just a fad that will be replaced with something else in the near future?
Answers
Teams are a valuable management technique that is likely to endure, but their implementation may change as the needs of organizations and the workforce evolve.
Are teams valuable management techniques that will endure?Teams have been a valuable management technique for decades, and their popularity has only increased over time. Teams can bring together individuals with different skills and perspectives, enabling them to work collaboratively to achieve a common goal. Additionally, teams can foster innovation and creativity, as well as promote a sense of ownership and accountability among team members.
There is no reason to believe that teams will become less important in the future. In fact, with the rise of remote work and the need for organizations to be more agile and adaptable, teams are likely to become even more prevalent. However, it is possible that the way teams are managed and organized may evolve over time, as new technologies and management theories emerge.
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On July 1 Plum Company paid $7,500 cash for management services to be performed over a two-year period. On July 1, Plum should record:
Answers
Based on the cost of the management service, Plum Company on July 1 should record A debit to a prepaid expense and a credit to cash for $7,500.
What should Plum record?The entire amount of $7,500 is being paid for a service that has not yet happened so they will go to the Prepaid expense account. As this is an expense, it is debited when it is increased.
Cash should then be credited by the same amount to show that it is reducing.
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Which of the following is a reason that businesses invest in capital, such as technology and new equipment? Decrease production possibilities Increase production possibilities Maintain production possibilities An outcome cannot be determined
Answers
A reason that businesses invest in capital is to increase the production possibilities.
Why do businesses invest in capital?
Capital include all the man-made resources that are used in the production process. Capital is one of the factors of production. Examples of a capital include technology and new equipment.
Capital increases the production possibilities of a firm and it is also increase the efficiency and quality of output. For example, imagine that a company stores records in files in a cabinet. Now, imagine that the firm buys a computer and uses the computer to store information instead. The amount of data that can be stored now has increased. Also, the data stored are better preserved.
Some of the disadvantages of capital is that it can be expensive to acquire and sometime it can render the job functions rendered by humans obsolete.
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Answer:
Increase production possibilities
Explanation:
just took the quiz
Three different methods for assembling a product were proposed by an industrial engineer. To investigate the number of units assembled correctly with each method, 30 employees were randomly selected and randomly assigned to the three proposed methods in such a way that each method was used by 10 workers. The number of units assembled correctly was recorded, and the analysis of variance procedure was applied to the resulting data set. The following results were obtained: SST = 10,730; SSTR = 4520.
Answers
The analysis of variance (ANOVA) table is a tabular representation of the findings. It details each source of variation's sources of variation, degrees of freedom, sum of squares, mean squares, and F-ratio.
The ANOVA tableTo set up the ANOVA table, we need the following information:
Total sum of squares (SST): 10,800
Sum of squares between treatments (SSTR): 4560
Calculating the sum of squares within treatments (SSE):
SSE = SST - SSTR
SSE = 10,800 - 4560
SSE = 6240
For degrees of freedom (df),
Total degrees of freedom (dfTotal) = Total number of observations - 1
Treatment degrees of freedom (dfTreatment) = Number of treatments - 1
Error degrees of freedom (dfError) = dfTotal - dfTreatment
In this case.
Total number of observations = 30
Number of treatments = 3
dfTotal = 30 - 1
= 29
dfTreatment = 3 - 1
= 2
dfError = 29 - 2
= 27
Calculating mean squares (MS),
MST = SSTR / dfTreatment
MSE = SSE / dfError
MST = 4560 / 2 = 2280
MSE = 6240 / 27 ≈ 231.85
Calculating the F-ratio,
F-ratio = MST / MSE
F-ratio = 2280 / 231.85
≈ 9.83
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Question:
Three different methods for assembling a product were proposed by an industrial engineer. To investigate the number of units assembled correctly with each method. 30 employees were randomly selected and randomly assigned to the three proposed methods in such a way that each method was used by 10 workers. The number of units, assembled correctly was recorded, and the analysis of variance procedure was applied to the resulting data set. The following results were obtained: SST = 10,800. SSTR = 4560. Set up the ANOVA table for this problem. Using alpha = .05. test for any significant difference in the means for the three assembly methods.
Financial well-being refers to a person that (check all that apply) *
Answers
Our economic system in the United States is a "Mixed System" meaning that we are a free market but we also have
lots of government involvement.
True
Or false
Answers
A free enterprise system provides individuals the opportunity to make their own economic decisions, without restrictions from the government. It allows the supply and demand of consumers to determine the success or failure of an economic endeavor. As a result, some business owners have become successful, while others have not.
In an essay, you will choose an entrepreneur and argue whether the free enterprise system was necessary for that individual to make an impact on the business world.
Answers
The entrepreneur that is chosen for this argument is Steve Jobs. Steve Jobs was one of the co-founders of Apple, which is now a trillion-dollar company.
The free enterprise system was necessary for Steve Jobs to make an impact on the business world. Steve Jobs did not come from a wealthy background, but he had a passion for technology. The free enterprise system allowed him to start a business without any restrictions from the government.
He was able to create innovative products, such as the iPhone and iPad, and sell them to consumers. The supply and demand of consumers determined the success or failure of his business endeavors. Steve Jobs was able to create a successful company and become a billionaire because of the free enterprise system.
Without the free enterprise system, Steve Jobs may not have been able to start a successful business and make an impact on the business world.
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What are goods that consumers buy after making some effort to gather
information and compare options?
A. Raw materials
B. Shopping goods
C. Convenience goods
D. Specialty goods
Answers
Shopping goods are goods that consumers buy after making some effort to gather information and compare options. Hence, option B is correct.
What is meant by Shopping goods?When making a decision and a purchase, a consumer often evaluates products based on aspects including compatibility, quality, price, and style. Shopping items are things that are purchased after being compared for price, quality, design, and performance.
Furniture, electronics, clothes, phones, and airline tickets are a few examples of shopping items. Shopping items are ones that are purchased more frequently than specialty items but less frequently than convenience items.
Before making purchases, consumers will frequently compare products because the price, style, and quality of these items might vary substantially.
Thus, option B is correct.
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From the graph below, find the total percentage of students that earned a grade of C or better.
Answers
The percentage of students who earned a grade of C or better is given as follows:
80%.
How to calculate the percentage?A percentage is calculated as the division of the number of desired outcomes divided by the number of total outcomes, and multiplied by 100%.
The bar graph given by the image shown at the end of the answer shows the number of students that obtained each letter grade.
From the bar graph, the number of students that earned each grade is given as follows:
Grade A: 20.Grade B: 50.Grade C: 10.Grade D: 20.The number of students that earned a total grade of C or better is given as follows:
10 + 50 + 20 = 80.
The total number of students is given as follows:
20 + 10 + 50 + 20 = 100.
Then the percentage is calculated as follows:
p = 80/100 x 100% = 0.8 x 100% = 80%.
Missing InformationThe bar graph with the grades is given by the image shown at the end of the answer.
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Patti is a project manager. She wants to track how the team members are doing and find out whether or not they are meeting their deadlines. What should Patti do? Hold a project kickoff meeting. Schedule regular project status meetings. Set up a communication plan. Share a the project status report with stakeholders.
Answers
Answer: schedule regular project status meeting
Explanation: on odesseyware it is right
Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2018. LPC's accountant has projected the following amortization schedule from issuance until maturity: Date Cash Interest Effective Interest Decrease in balance Outstanding balance 1/1/2018 $207,020 6/30/2018 $7,000 $6,211 $789 206,230 12/31/2018 $7,000 6,187 813 205,417 6/30/2019 $7,000 6,163 837 204,580 12/31/2019 $7,000 6,137 863 203,717 6/30/2020 $7,000 6,112 888 202,829 12/31/2020 $7,000 6,085 915 201,913 6/30/2021 $7,000 6,057 943 200,971 12/31/2021 $7,000 6,027 971 200,000 What is the annual stated interest rate on the bonds
Answers
The Lopez Plastics Co. issued the callable bonds at the annual stated interest rate of 7%.
Data and Calculations:
Date Cash Interest Effective Interest Decrease Outstanding
in balance balance
1/1/2018 $207,020
6/30/2018 $7,000 $6,211 $789 206,230
12/31/2018 $7,000 6,187 813 205,417
6/30/2019 $7,000 6,163 837 204,580
12/31/2019 $7,000 6,137 863 203,717
6/30/2020 $7,000 6,112 888 202,829
12/31/2020 $7,000 6,085 915 201,913
6/30/2021 $7,000 6,057 943 200,971
12/31/2021 $7,000 6,027 971 200,000
Total cash interest per year = $14,000 ($7,000 + $7,000)
Annual stated interest rate = 7% ($14,000/$200,000 x 100)
This annual interest rate can also be worked out as 7% ($7,000/$200,000 x 100 x 2), while the effective interest rate is 6% ($6,027/$200,000 x 100).
Thus, Lopez Plastics Co. issued the callable bonds at the annual stated interest rate of 7%.
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4) Identify five main advantages of outsourcing.
Answers
Answer:
Outsourcing helps you:
1) Focus on core tasks.
2) Lower costs.
3) Promote growth.
4) Maintain operational control.
5) Offer staffing flexibility.
Explanation:
"Mr. Bergh sent the firm's then top 60 managers six questions about the pros and cons of the business - and started interviewing each of them." Why would Mr. Bergh ask his managers questions about the pros and cons of the business? What type of information was he attempting to retrieve in his interview process? Do you feel that this is an effective way of communication from a leadership perspective?
Answers
Mr. Bergh asked his managers about the pros and cons of the business to gather valuable insights, encourage collaboration, and enhance organizational performance, making it an effective communication approach from a leadership perspective.
Mr. Bergh likely asked his managers questions about the pros and cons of the business to gain valuable insights and feedback from those who have a deep understanding of the organization's operations. By seeking input from the top 60 managers, he could gather a comprehensive perspective on the strengths and weaknesses of the business.
In his interview process, Mr. Bergh was likely attempting to retrieve information about various aspects of the business, such as identifying areas of improvement, understanding challenges faced by the managers, exploring potential opportunities, and gathering ideas for strategic decision-making.
By asking specific questions, he could assess the managers' knowledge, critical thinking, and problem-solving abilities. The goal would be to obtain actionable insights that could inform the company's future direction and enhance its performance.
From a leadership perspective, this approach can be highly effective. Engaging with managers and soliciting their opinions demonstrates a collaborative and inclusive leadership style.
It empowers managers by involving them in decision-making processes and signaling that their expertise and perspectives are valued. It also fosters a culture of open communication, encourages creativity, and enables the organization to tap into the collective intelligence of its top management.
However, the effectiveness of this approach depends on the receptiveness of the managers, the level of trust and psychological safety within the organization, and how the collected feedback is utilized.
It is essential for leaders to create an environment where managers feel comfortable expressing their views and ensure that the information gathered is acted upon or considered in decision-making processes. Regular and transparent communication should follow to close the feedback loop and demonstrate a commitment to continuous improvement.
In summary, asking managers about the pros and cons of the business and conducting interviews can be an effective way for a leader to gather valuable insights, foster collaboration, and enhance organizational performance when accompanied by a supportive leadership style and a commitment to act upon the feedback received.
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1- your FICO credit score based on which of these (there can be more than one right than one right answer )
A) how much money you owe
B) whether you've plaid on time or late
C) how long new credit you have
E) whether you asked for new credit recently
2- Your FICO credit score calculated on which of these (there can be more than one right answer)
A) Payment History
B) amounts owed
C) length of credit history
D) New Credit
E) Credit Mix
3- How long does a bankruptcy stay on your credit?
4- What should you do if you find something incorrect on your credit report?
5- You are entitled to two free credit reports per year per bureau
true or false
6- If you find something in error on your report and you report it in writing to the bureau, what must they do?
7- What is a credit freeze?
8- Does your age factor into your credit score
yes or No
9- Does your marital status factor into your credit score
yes or No
10- what is a mix of Credit mean?
11- At what percentage of credit card usage, does it start affecting your score in a negative way?
Answers
Answer:
Ll
Explanation:
1- all
2-all
3- 7 year
4-
5-f
6- the credit bureau investment your claim
8- ifree way to limit who can see your credit report
1 points Time Remaining 41 minutes 43 seconds00:41:43 Item 13 Time Remaining 41 minutes 43 seconds00:41:43 Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating Department: Units: Beginning Inventory: 80,000 units, 60% complete as to materials and 20% complete as to conversion. Units started and completed: 250,000. Units completed and transferred out: 330,000. Ending Inventory: 30,000 units, 40% complete as to materials and 10% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $37,200. Costs in beginning Work in Process - Conversion: $79,700. Costs incurred in October - Direct Materials: $646,800. Costs incurred in October - Conversion: $919,300. Calculate the equivalent units of materials.
Answers
Answer:
1000$
Explanation:
no why sorry lol i just count in my brain lol
What are some ways colleges make revenue from their teams?
Answers
Answer:
merch, promotions, tickets to games, sponsorship for players etc
Explanation:
Portraits. Belinda, a famous portrait painter, agreed to paint Harry's portrait for $5,000. She also agreed to paint the portraits of Michelle's two Welsh Corgi dogs, Baby and Bree. Michelle agreed to pay Belinda $12,000 for the portraits. Belinda charged Michelle more because dogs annoyed her. Belinda met the spoiled dogs, and they really got on her nerves. Plus, she was behind on finishing Harry's portrait. Belinda, therefore, proceeded to assign the right to receive the money for the dog portraits and the duty to paint the dog portraits to her assistant, Fred. He eagerly accepted and painted the portraits. As payment for amounts she owed him for various duties, Belinda also assigned to Fred the right to receive payment from Harry. Neither the contract Belinda had with Harry nor the contract she had with Michelle expressly prohibited assignment or delegation of contractual rights and duties. Belinda finished the portrait of Harry and called him to come and pick it up. Meanwhile, a disgruntled secretary who disliked Belinda told both Michelle and Harry about the agreements with Fred. Michelle was furious and refused to pick up the portrait or pay anyone. Harry likewise refused to pay for his portrait claiming that the right to payment could not be assigned. What would be the most likely result if Fred sues Harry for the $12,000 payment?
A. Fred will lose unless Fred can prove that he was ignorant of the fact that Harry did not want the benefits assigned.
B. Harry will win because the portrait was personal in nature and could not be assigned.
C. Harry will win because he did not expressly agree to the assignment.
D. Fred will win because the right to receive payment could be validly assigned.
E. Fred will win unless Harry can prove that Fred knew that Harry did not want the benefits assigned.
Answers
The most likely result if Fred sues Harry for the $12,000 payment is D. Fred will win because the right to receive payment could be validly assigned.
It should be noted that every contract creates its own rights and duties. Based on the information given, the obligee is Belinda.
The obligee in this case transfers the right to receive payments to a third-party who is Fred. Also, from the information, Belinda gave Fred the right to receive the payment from Harry.
Therefore, based on the above information, Fred has the right to receive payment. Therefore, if Fred sues Harry for the $12,000 payment, he'll win.
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5.6 Last month Quick Industries produced 900 units. This month they produced 1,264 units. What is the rate of change in production? a. 29.8% b. 32.8% c. 40.4% d. 60%
Answers
Answer: C. 40.4%
Explanation:
To find the rate of change in production, we can use the following formula:
Rate of change = (New value - Old value) / Old value * 100
Where,
Old value = Production of last month = 900
New value = Production of this month = 1264
Substituting the values in the formula,
Rate of change = (1264 - 900) / 900 * 100= 364 / 900 * 100= 0.404 * 100= 40.4%
Therefore, the rate of change in production is 40.4%, which is an option (c). I hope that this answer has helped you!
Answer:
The correct answer is C.
Explanation:
The rate of change in production is: (1264 - 900) / 900 = 0.404 or 40.4%. So, the correct answer is c. 40.4%
br.uh + meme =jhhbn b bbv v
Answers
Answer:
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Explanation:
The awnser to your question is meme
Insurance companies create a pool of funds to handle
Orisk
O gain
Oloss
O safety
10
Answers
Answer:
A) risk
Explanation:
An insurance company creates a pool of funds to handle risk. This helps to protect the company financially if there are more claims than expected.
Production is an example of a marketing activity.
Question 1 options:
True
False