Which of the following statements is not true of cash advances? a.
Credit card companies offer easy access to cash through ATM’s or checks that can be written to yourself and cashed.

b.
Credit card companies apply payments to cash advance balances first because the interest is higher.

c.
The APR of a cash advance is higher than that of regular credit card purchases.

d.
Credit card companies place limits on the amount of cash you can receive through a cash advance.

Answers

Answer 1

Answer:

The false statement about credit card advances is that: The APR of a cash advance is higher than that of regular credit card purchases.

What is a credit card advance?

This is a term that is used to describe the withdrawal of money from your own credit card.

A person would do it as a way of borrowing money against their credit card so that they would have money at hand.

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Answer 2

Answer:

Answer: C

Explanation:

I said so

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The money deposited in a bank is called _______. a. profit b. principal c. interest

Andrews Company accepted a note receivable from a credit customer who failed to pay their $2,000 Accounts Receivable balance. The customer signed a promissory note which was accepted for 9 months at 5% interest. At the end of the 9 months, the customer does not pay, so it becomes a dishonored note receivable.

Answers

Answer:

First.At the time of delivery of the document, the company must cancel the customer's debt and register the document to charge more interest.( 2.000 x 0.05 = 100)

Notes receivable 2.100

interest to accrue 100

accounts receivable 2.000

Second. Then at the time of payment the client does not pay. The company must cancel the document and interests and according to its criteria, it can register an asset (1), a doubtful credit provision (2) or a loss (3) for this credit.

Notes receivable 2.100

interest to accrue 100

(1)accounts receivable 2.000

(2)provisions on doubtful debts

(3)bad debts

Which of the following is the best definition of a bit?A. A measure of computer graphics and sound

B. A physical signal that becomes a digital signal

C. single 1 or 0 in a digital signal

D. An electrical signal in a wire

Answers

A measure of computer graphics and sound is the best definition of a bit.

Which of the following is the best definition of bit?

A bit (binary digit) is the smallest unit of statistics that a laptop can system and keep. A bit is always in one in all two bodily states, just like an on/off light transfer. The state is represented by a single binary price, typically a zero or 1.

Which of the subsequent is the best definition of a modern-day laptop?

A pc is a device or tool that plays techniques, calculations, and operations based totally on commands furnished with the aid of a software or hardware program. It has the ability to simply accept facts (input), manner it, after which produce outputs.

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Answer: A single 1 or 0 in a digital signal

Suppose that a firm has only one variable input, labor, and firm output is zero when labor is zero. when the firm hires 6 workers the firm produces 90 units of output. fixed costs of production are $6 and the variable cost per unit of labor is $10. the marginal product of the seventh unit of labor is 4. given this information, what is the marginal cost of production when the firm hires the 7th worker?

Answers

Suppose that a firm has only one variable input, labor, and firm output is zero when labor is zero. when the firm hires 6 workers the firm produces 90

Final answer:

The marginal cost of production when the firm hires the 7th worker is $40.

Explanation:

In order to determine the marginal cost of production when the firm hires the 7th worker, we need to first calculate the total cost at 6 workers. From the information given, we know that when the firm hires 6 workers, the output is 90 units and the variable cost per unit of labor is $10. Therefore, the total variable cost at 6 workers is $600 (6 workers x $10 per unit of labor). Additionally, the fixed cost is $6.

To calculate the marginal cost of production when the firm hires the 7th worker, we need to find the change in total cost. Since the marginal product of the 7th unit of labor is 4, the additional output produced when the 7th worker is hired is 4 units. The additional variable cost for these 4 units is $40 (4 units x $10 per unit of labor). Therefore, the change in total cost is $40, which is the marginal cost of production when hiring the 7th worker.

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Decision makers examine the _____ values of their choices. These values are based on what they think will happen.least
actual
expected

Answers

expected; values of their choices

Answer:expected

Explanation:

Pappy Corporation received cash of $36,000 on September 1,2017 for one year's rent in advance and recorded the transaction with a credit to Unearned Rent December 31, 2017 adjusting entry isdebit Rent Revenue and credit Unearned Rent Revenue, $12,000.
debit Rent Revenue and credit Unearned Rent Revenue, $24,000.
debit Unearned Rent Revenue and credit Rent Revenue, $12,000.
debit Cash and credit Unearned Rent Revenue, $24,000

Answers

Answer:

debit Unearned Rent Revenue and credit Rent Revenue, $12,000.

Explanation:

Provided information we have,

Rent is received on 1 September 2017 for a period of 1 year on which it is accounted as Unearned Rent amounting $36,000.

Entry on that date would be

Cash A/c Dr. $36,000

To Unearned Rent $36,000

At the end of the year on 31 December 2017, we have period of current year lapsed = 1 September to 31 December = 4 months.

Thus rent income for the year = $36,000 $* (4)/(12)$ = $12,000

Therefore this rent of $12,000 will be recognized as rent income for the year 2017.

Entry will be

Unearned Rent A/c Dr. $12,000

To Rent Revenue $12,000

Final answer:

At the end of the year, Pappy Corporation should debit Unearned Rent Revenue and credit Rent Revenue by $12,000 as part of an adjusting entry to reflect 4 months of earned rent. The remainder stays in Unearned Rent until it's earned in the following year.

Explanation:

The transaction from September 1, 2017, where Pappy Corporation received cash of $36,000 for one full year's rent in advance, is recorded with a credit to Unearned Rent. The Unearned Rent is a liability account which shows that Pappy Corporation has an obligation to provide the rent space in the future. At the end of the year, December 31, 2017, an adjusting entry should be made to transfer a third of the rent payment ($12,000) from the Unearned Rent account to the Rent Revenue account as by this time four months of rent have been earned. Hence, the accurate adjusting entry is debit Unearned Rent Revenue and credit Rent Revenue, $12,000. The remaining $24,000 stays in the Unearned Rent account until it is earned in the following year.

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You work for a company that has a form where people can request a free consultation. You want to create a list of people in your territory who have submitted this form. Which tool will you need to use to do this?A. Saved filtersB. Task queuesC. FormsD. Lead flows

Answers

Answer:

(A) Saved filters

Explanation:

Saved filters allow you to quickly view a segment of your database right from the contacts, companies, deals, or tickets dashboard. You can use any default or custom property in your HubSpot account to segment your contacts using saved filters. Contacts will be added or removed from saved filters automatically based on whether or not they currently meet the criteria you've set.

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Recommend ways in which businesses can contribute time and effort to advance the well being of others in a business context in the following aspects: improving the general quality of life. Refraining from engaging in harmful practices.making ethically correct business decisions.providing support to employees

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A manufacturer wants to buy a mechanical part of a machine. The CEO, Mr Murlda, took it upon himself to research the most cost.efficient mechanical part that wili be beneficial in the long run. He finally narfowed down to two specific braods, A and B. When bought new, these two brands cost exactly the same, but he studied two graphs and made interesting discoveries. Mr. Murida knows that the value of mechanicat parts decreases over time, as it gets older. The graphs on ANNEXURE A indicates how the value of the respective brands decreased over a period of time. Both brand new brande were sold for 150000,00 . Their values decreased, due to wear and tear, over the period. Study the graphs and answer the guestions below. Describe the relation between the number of months and the value of the parts.

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