FILL IN THE BLANK a company collects $500 from a credit customer for an outstanding balance. this transaction would be journalized with a debit to the account and a credit to the_______ account.

Answers

Answer 1

Answer:

Interest?

Explanation:

confusion i didnt know i will edit this/comment if i know


Related Questions

Arden Insurance's claims processing facility has been the major employer in the town of Arden for over 20 years, drawing mainly on workers with minimal skills and high-school educations. Now, a large telemarketing firm is opening an operation in Arden which will also employ low-skilled workers. Which of the following statements is TRUE?
a. Since Arden and the marketing firm are in different industries, the impact on Arden's workforce will be minimal.
b. The telemarketing firm probably targeted the local area because it can benefit by hiring away Arden's trained workforce.
c. If Arden cannot offer competitive or higher wages than the telemarketing firm, it needs to determine if its current employees are satisfied with the intangible aspects of their jobs.
d. Workers in rural areas tend to be loyal to their employer, so Arden's current employees are likely to stay with Arden.

Answers

If Arden cannot offer competitive or higher wages than the telemarketing firm, it needs to determine if its current employees are satisfied with the intangible aspects of their jobs.  Statements are true.

What is the statement?

Statements are sentences that express a fact, cognitive content, or opinion. Statements do not ask enquiries, make requests or give speech act. They are also not utterances.

Arden Insurance's claims processing facility, he cannot offer competitive or higher wages than the telemarketing firm, it needs to determine if its current employees are satisfied with the intangible aspects.

Therefore, The right option (C) is correct.

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Andrew buys a home entertainment system from an electronics store offering 0% interest for 18 months. Calculate the average monthly payment she should make to avoid paying deferred interest charges for the $8,000 system.

Answers

Andrew would need to make payments of $444.44 per month to avoid paying any deferred interest charges over the 18-month promotional period.

To calculate the average monthly payment that Andrew should make to avoid paying deferred interest charges for the $8,000 home entertainment system, we need to first determine the total amount that Andrew would need to pay over the 18-month period. Since the interest rate is 0%, the total cost of the system would be the same as the purchase price, which is $8,000.

Dividing the total cost by the number of months in the promotional period gives us the average monthly payment:

$8,000 / 18 months = $444.44 per month

It's important to note that while there may be no interest charges during the promotional period, there may still be fees or penalties for late payments or early repayment of the balance. It's important for Andrew to review the terms and conditions of the promotion and to make sure he is able to make the required payments on time to avoid any fees or penalties. Additionally, if the full balance is not paid off by the end of the promotional period, interest charges may begin to accrue, so it's important to have a plan in place to pay off the balance before the promotional period ends.

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Which of the following is among the 13 competitive factors that affect each company's branded footwear sales volumes and market shares in each of the four geographic market regions? A. The number of retailers stocking each company's footwear brand and the number of weeks each company takes to deliver orders to retailers B. The percentage of a footwear-maker's models/styles that have retail prices under $100 C. The length of the warranties (30 days, 60 days, 90 days, 180 days, or 1 full year) covering defective materials or workmanship that each footwear-maker elects to provide on each branded pair purchased by buyers
D. The number of discount-price sales promotions on athletic footwear that each company's footwear retailers have annually
D. The size of the percentage price discount off the standard retail price that footwear companies offer people shopping for athletic footwear at their websites

Answers

"The amount of time it takes each company to deliver orders to retailers, measured in weeks, and the number of stores that carry each company's footwear brand. The proper response is Option 2.

The required details for brand in given paragraph

Any attribute that sets one seller's good or service apart from that of other sellers is referred to as a brand. This could be a name, word, design, symbol, or anything else. To the advantage of the brand's clients, its owners, and its shareholders, brands are used in commerce, marketing, and advertising to gain recognition and, more crucially, to build and store value as brand equity for the object designated. Sometimes it's possible to tell retail brands apart from generic ones.

Branding is said to have started with the ancient Egyptians, who are known to have engaged in the literal meaning of the term, which is to mark by burning.

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Refer to the three demand curves shown for electric cars. Which of the following would shift the demand for electric cars from D1 to D3?
a)
a decrease in the price of electric guitars.
b)
a decrease in the price of gasoline.
c)
an increase in the price of electric cars.
d)
an increase in the price of gasoline.

Answers

mention the three electric car demand peaks and valleys. Which of the following factors would lead the demand for electric cars to shift from D1 to D3.

What is the Greek word of electric?

Think about the three electric car demand curves. What of the following would lead demand for electric vehicles to shift from D1 to D3?

What does the word "electric" mean in Greek?

From the Greek word "elektron," "electricity" is derived. Amber, a stone that is either yellow or reddish-brown and used in jewelry, is the definition of the term electron. It was possible to raise light materials like straw and feathers when amber was rubbed because it acquired an electrical charge.

While the term "electronics" refers to the flow of electrons, "electrical" refers to the passage of electrical power or charge.

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A credit card holder owes $5,498 on a credit card with a 26. 99% interest rate compounded monthly. Assuming no additional purchases are made with the card, what is the monthly payment the cardholder should make to pay off the debt in 5 years? round your answer to the nearest penny. A spreadsheet was used to calculate the correct answer. Your answer may vary slightly depending on the technology used.

Answers

The monthly payment that the credit card holder should make to pay off the debt in 5 years is $167.85.

What is a credit card?

A credit card is typically used to replace cash or checks and offers an unsecured revolving line of credit. Depending on the terms of the cardholder agreement, the borrower is required to pay at least a portion of the card's outstanding balance each billing cycle.

The formula for calculating the annuity payments is-

PV = PMT/i[1 - {1/(1+i)ⁿ]

where, PV denotes the amount borrowed.

PMT stands for monthly payment,

I for interest rate (interest rate % divided by 12), and

n for the number of months (term of the loan in months)

Given information,

PV = 5498

n = 60

i = 0.2699/12 = 0.02

PMT={PVi(1+i)ⁿ}/{(1+i)ⁿ−1}

PMT = {5498(0.02)(1 + 0.02)⁶⁰/{(1 + 0.02)⁶⁰ - 1}

= $167.85

Therefore, $167.85 is the monthly payment for the cardholder.

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Answer: $167.85

Explanation:

It is correct the person above got it right

rashad is risk averse and has $4,500 with which to make a financial investment. he has three options. option a is a risk-free government bond that pays 8 percent compound interest each year for two years and this compound interest rate continues for another two years. option b is a low-risk stock that analysts expect to be worth about $5,248.80 in two years and the same risk-free government bond as option a for another two years. option c is a high-risk stock that is expected to be worth about $6,122.20 in four years. rashad should choose

Answers

Using simple interest formula, option C is the best investment option

Which of the following financial option should he choose?

To determine which option Rashad should choose, we need to compare the potential returns and risks of each option.

Using simple interest formula, we can calculate this;

Option A:

After two years, the investment will be worth:

4500 x (1 + 0.08)^2 = $5,248.80

After another two years (four years total), the investment will be worth:

5248.80 x (1 + 0.08)^2 = $6122.2

Option B:

After two years, the investment will be worth:

$5,248.80

After another two years (four years total), the investment will be worth:

5248.80 x (1 + 0.08)^2 = $6122.20

Option C:

After four years, the investment will be worth:

$6,122.20

Based on these calculations, Option C has the highest potential return, but it is also the riskiest option. Option A has the lowest potential return, but it is risk-free. Option B is somewhere in between, with a slightly higher potential return than Option A but also some risk.

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louis guzman invested $10,000 into his company. this transaction would be recorded by the company with which of the following entries?

Answers

The transaction of Louis Guzman invested $10,000 into his company. will be recorded by:-

Cash Account          $10,000

 To Capital Account                       $10,000

What is a transaction?

A completed agreement between a buyer and a seller to exchange goods, services, or financial assets in exchange for money is referred to as a transaction. Depending on whether a company uses accrual or cash accounting, a transaction may be recorded sooner or later.

The transaction would be recorded by the company by debiting the Cash Account for $10,000 and crediting to Louis Guzman's Capital Account t for $10,000.

Therefore, the above entry will be used to record the transaction.

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Which of the following is true for business process reengineering?
A. Business process reengineering is efficient, fast, and economical.
B. Business process reengineering, when combined with ERP, has a 100 percent success rate.
C. Systems analysts need to interview key personnel throughout the organization to determine how best to use the new technology.
D. Due to its streamlined process, business process reengineering requires very little time and expertise.

Answers

Answer:

C. Systems analysts need to interview key personnel throughout the organization to determine how best to use the new technology.

Explanation:

Option C is true for business process reengineering. Business process reengineering is a management strategy that involves the redesign of business processes and workflows to improve efficiency, reduce costs, and enhance customer service. Systems analysts are an important part of the business process reengineering team, and they work with key personnel from all areas of the organization to identify inefficiencies, redesign processes, and implement new technology solutions to improve business processes. By interviewing key personnel throughout the organization, systems analysts can gain a better understanding of the existing business processes and identify areas for improvement. This collaborative approach ensures that the new processes and technology solutions are tailored to the specific needs and goals of the organization, leading to more successful outcomes.

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