subject
Business, 15.12.2020 04:50 791197

1) What is credit? 2) Describe the following types of credit: Revolving credit account, Installment credit account, Regular credit account, Budget credit account, Bank credit card, Travel and entertainment card, Service credit, Secured loan, Unsecured loan.

3) List, at least three, potential sources of credit.

4) Explain some of the cost of credit. (5 points)

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 11:10
Yowell company granted a sales discount of $360 to a customer when it collected the amount due on account. yowell uses the perpetual inventory system. which of the following answers reflects the effects on the financial statements of only the discount? assets = liab. + equity rev. βˆ’ exp. = net inc. cash flow a. (360 ) = na + (360 ) (360 ) βˆ’ na = (360 ) (360 ) oa b. na = (360 ) + 360 360 βˆ’ na = 360 na c. (360 ) = na + (360 ) (360 ) βˆ’ na = (360 ) na d. na = (360 ) + 360 360 βˆ’ na = 360 na
Answers: 1
question
Business, 22.06.2019 19:40
Lauer corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: date transaction number of units cost per unit 1/1 beginning inventory 210 $ 910 5/5 purchase 310 $ 1,010 8/10 purchase 410 $ 1,110 10/15 purchase 255 $ 1,160 during the year, lauer sold 1,025 laptop computers. what was cost of goods sold using the lifo cost flow assumption?
Answers: 1
question
Business, 22.06.2019 20:00
Acompetitive market in healthcare would a. overprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers b. underprovide healthcare because it would eliminate medicare and medicaid c. underprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers d. overprovide healthcare because it would be similar to the approach used in canada
Answers: 1
question
Business, 22.06.2019 20:30
1. what is the lowest balance during this period? 2. lily just received her bank statement below. a. what does the bank think her ending balance is? b. how much more does the bank think lily has? c. what transactions are missing? 3. what is the danger of not balancing your bank account? lily’s bank statement deposits: 2/25 $35 2/26 $20 3/1 $256.32 checks: 2/24 ck #301 $25 2/26 #302 $150 debit card: 2/24 american eagle $75.48 2/25 chick fa la $4.67 2/27 mcdonalds $3.56 2/28 chevron $34.76 withdrawal: 2/27 $40 beginning balance $423.34 deposits $311.32 total debits $333.47 ending balance $401.19
Answers: 1
You know the right answer?
1) What is credit? 2) Describe the following types of credit: Revolving credit account, Installment...
Questions
question
Mathematics, 02.12.2020 17:10
question
Mathematics, 02.12.2020 17:10
question
Mathematics, 02.12.2020 17:10
question
Biology, 02.12.2020 17:10
question
Mathematics, 02.12.2020 17:10
question
History, 02.12.2020 17:10
Questions on the website: 13722362