Which of the following sentences presents the reason for denying a customer's request for credit most effectively?
A) Your request for credit has been denied.
B) Because you have not been employed for the past 15 months and have credit debts of over $4,000, we will not be able to grant you credit at this time.
C) Although your credit rating does not meet our minimum standards, we would be happy to reconsider your application if you add a cosigner.
D) Your failure to meet our standards will not allow us to issue you a credit account.
C
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On January 1, 2019, Castle Services issued $169,000 of six-year, 12% bonds when the market interest rate was 11%. The bonds were issued for $172,000. Castle uses the effective-interest method to amortize the bond premium. Semiannual interest payments are made on June 30 and December 31 of each year. Which of the following is the correct journal entry to record the first interest payment? (Round your answers to the nearest dollar number.)
In the space below, state whether each situation is a deferral or an accrual. ______a. Unrecorded interest on savings bonds is $765. ______b. Property taxes that have been incurred but that have not yet been paid or recorded amount to $1,034. ______c. Legal fees of $2,890 were collected in advance. By year end, 70 percent were still unearned. ______d. Prepaid Insurance had a $900 balance prior to
adjustment. By year end, 25 percent was still unexpired. ______e. Salaries earned by employees by year end but not yet paid or recorded amounted to $1,655. ______f. Services totaling $690 have been performed but not yet recorded or billed. Fill in the blank(s) with correct word
A significant factor in the growth of factory outlets is the _____
a. ability of outlets to purchase merchandise for cash b. success of wholesale sales c. success of catalog sales d. desire/need for manufacturer control where discounted merchandise is to be sold
The term situational ethics
a. describes clear right and wrong responses. b. describes situations where the right response may depend on circumstances. c. describes responses that apply in only one situation. d. all of these choices.