6. Which of the following is not an example of a business loan?a. cash flow loansb. credit cardsc. invoice financingd. micro loans
1. 6. Which of the following is not an example of a business loan?a. cash flow loansb. credit cardsc. invoice financingd. micro loans
Answer:
b
Step-by-step explanation:
nasa modules ko yan hihi
2. Dear Christopherwe regret to informyou that after carefulconsideration, yourcash loan application4003156201 wasdeclined. Thank youfor your interest withHome Credit paki tagalog
Answer:
Mahal na Christopher
pinagsisisihan naming ipaalam
ikaw na pagkatapos maingat
pagsasaalang-alang, ang iyong
aplikasyon sa cash loan
4003156201 ay
tinanggihan. Salamat
para sa interes mo sa
Home Credit
Explanation:
itagalog PO??
3. which of the following transactions results in an increase in revenues?a.collection of cash on accountb.receipt of cash from bank loanc.sale of land at cost for cashd.services rendered on credit
Answer:
B. receipt of cash from bank loan
can I have brielient answer
4. how loans affect your credit?
Answer:
A personal loan will cause a slight hit to your credit score in the short term, but making payments on time will boost it back up and and can help build your credit. The key is repaying the loan on time. ... Your credit score will be hurt if you pay late or default on the loan.
Answer:
Formally applying for a personal loan triggers a hard credit check, which is a more thorough evaluation of your credit history. The inquiry usually knocks off less than five points from your FICO credit score. Overall, new credit applications account for about 10% of your credit scores.
Hope it help
Stay safe everyone
5. 1.Faith availed of a cash loan from Home Credit that gave her an option to pay 10,000 monthly for 1 year. The first payment is due after 6 months. How much is the present value of the loan if the interest rate is 12% converted monthly?
Answer:
7,200
Step-by-step explanation:
sana makatulong aa sagod ko tam poyan
6. A.Multiple Choice Direction:Encircle the letter of the correct answer. 1.J.Ilagan invested P150,000 in a real estate agency. a.Debit land,credit cash b.Debit cash,credit J.llagan,capital c. Debit land,credit accounts payable d.None of the above 2.He paid the monthly rent of the office,P9,500 a.Debit cash,credit J.llagan,capital b.Debit rent expense,credit cash c.Debit J.llagan,personal,credit cash d.None of the above 3.Paid P20,000 for business automobile a.Debit cash,credit accounts payable b.Debit transportation expense,credit cash c.Debit automobile,credit cash d..none of the above 4.Purchased office equipment for cash P65,000 a.Debit office equipment.credit cash b. Debit office oquipment,credit accounts payable c.Debit office equipment,credit J.llagan.captal d.None of the above 5.Purchased on credit office supplies,P1,870 and office equipment,P57,500 from C.de Leon. a.Debit office supplies and office equipment,credit cash b. Debit office supplies and office equipment,credits accounts payable c.Debit office supplies and office equipment.credit J.llagan,capital d. None of the above 6.Sold unneeded office equipment to E.Mortiz,P35,000 cash. a. Debit office equipment,credit cash b.Debit office equipment,credit accounts payable c. Debit cash,credit office equipment d. None of the above 7.Paid one-half of the account due to C.de Leon a. Debit cash,credit accounts payable b. Debit accounts payable,credit cash c.Debit office equipment,credit cash d. None of the above 8.Sold a house and collected P45.000 commission Debt cash,credit commission income b.Dobrt cash.credit J.lagan,capital c Debit commission expense.credit cash d None of the above 9.Paid the secretary's salary tor the first half of Uhe month,P3,500 aDebit cash,credit J.llagan.capital b.Debit salary expense.credt cash c.Debit salary expense,credit accounts payable d. None of the above 10.With drow from the agency.P5,000 for personal use a Debit cash,credit J.lagan,capital b.Debit J. lagan,personal cash,credit cash c.Debit J.Ilagan,personal cash,Credit J.llagan,capital d. None of the above. 11.Paid the monthly telephone bill,P650. a.Debit cash,credit J.Ilagan.capital b.Debit telephone expense,credit cash c.Debit J.llagan,capital,credit cash d. None of the above. 12.Paid for gas and oil used in the service car,P1.500 a.Debirt gas and oil,credit cash b. Debit cash,credit gas and oil c.Debit service car,credit cash d. None of the above 13.Paid for newspaper advertising.P1.500 e.Dobit cash,credit advertising b. Debit advertising.credit cash cDebit advertising.credit J.llagan,capital d. None of the above 14.Paid the other half of the account due to C. de Leon a. Debit cash,credit accounts payable b. Debits account payable,credit cash c.Debit equipment,credit accounts payable d. None of the above 15.Received P20,000 for the sale of lot. a. Debit cash,credit commission income b. Debit cash,credit accounts receivable c. Debit cash,credit land d. None of the above.
Answer:
ang Dami naman yan hay nako basahin mo kaya
7. To record the sale of merchandise which cost P34,000 for cash of P60,000, the following journal entry(ies) are required: Select one: a. Debit cash P34,000; Credit inventory P34,000 b. Debit cash P60,000; Credit Sales P60,000 c. Debit cash P60,000; Credit Sales P60,000 Debit Cost of goods sold P34,000; Credit Inventory P34,000 d. Debit Cash P34,000; Credit Sales P34,000 Debit Cost of goods sold P34,000; Credit Inventory P34,000 ASAP
Answer:
Choice CStep-by-step explanation:
You must...
Debit cash P60,000 as the merchandising company gained such cash from the transaction/s.Credit Sales P60,000 as the merchandising company gained such sales from the transaction/s.Debit Cost of goods sold P34,000 as the merchandising company used such cash to purchase the goods sold.Credit Inventory P34,000 as the merchandising company already sold such amount of goods.8. An example of a loan that tends to have a lower interest rate is a(n) __________ loan. A. home B. unsecured C. credit card D. paycheck
Answer:
An example of a loan that tends to have a lower interest rate is a HOME loan.
Explanation:
An example of a loan that tends to have a lower interest rate is a HOME loan.
A home loan or home credit has very low to zero interest because it is a secured loan. A secured loan has collateral that is why it has a lower interest rate compared to an unsecured loan. The bank itself or the credit corporation can just easily collect the collateral from you like house and lot or car if you have not paid the loan.
What is collateral in Tagalog please read from this link - https://brainly.ph/question/2163767
#BrainlyFast
9. When cash is received for rendering services to the customers, what is the entry to be recorded? When cash is received for rendering services to the customers, what is the entry to be recorded? DEBIT Service Income, CREDIT Cash DEBIT Professional fee, CREDIT Cash DEBIT Cash, CREDIT Professional Fee DEBIT Service Income, CREDIT Professional fee
Answer:
The journal entry for services rendered for cash is to debit Cash and credit Service Revenue. Cash is an asset account hence it is increased by debiting it. Service Revenue is a revenue account; it is increased by crediting it.
Explanation:
도움이 되길 바랍니다!!
Research on the best breed of poultry and fish animals to raise. Indicatethe factors to be considered before raising these animals and submit your
work
10. 9. If you purchase equipment on credit, you record the transaction by a debit toequipment and credit to10. If you collect cash from customers' credit, you record a debit to cash and credit
Answer:
9. Accounts payable
10. Accounts receivable
Explanation:
that's the right answer.
11. Which of the following transactions would increase Cash and cash equivalents and increase Non-current liabilities? Select one: a. No correct answer b. Bank loan c. Purchase goods on credit d. Payment to supplier e. Payment from customer
The answer is B. Bank loan
Because If you borrow money from the bank you will receive cash, that's why it will increase and at the same time your liability (debt or utang) will also increase. ANSWER:
B. bank loan
^_^
12. The business can also raise its funds by issuing a promissory note.The correct journal entry isA. debit-cash credit -account payableB. debit- note payableC. debit - cash credit -loan payable D. none of the above
Answer:
D
Step-by-step explanation:
It should be, Debit-Cash and Credit—notes payable, since the transaction was promissory note.
13. Faith availed of a cash loan from Home Credit that gave her an option to pay 10,000monthly for 1 year. The first payment is due after 6 months. How much is the presentvalue of the loan if the interest rate is 12% converted monthly?
Answer:
7,200
Step-by-step explanation:
10,000 × 6 = 60,000
60,000 × 0.12 = 7,200
14. A credit card company offers a 25% annual interest for a cash loan if the amount loaned and the annual interest will be paid for the 12 months how much is the monthly amortization for a 15,000 loan
Answer:
[tex]a = p(1 + r) {}^{t} \\ = 15000(1 + .25) {}^{1} \\ = 15000(1.25) \\ = 18750[/tex]
12 months is equivalent to 1 year....
#Answerfortrees
15. INSTRUCTION: Indicate whether the transaction is to be presented in the statement of cash flows under operating activities (OA), investing activities (IA) or financing (FA)._______1.) Sale of goods on credit_______2.) Purchase of goods on credit_______3.) Cash received from getting a loan from a bank_______4.) Depreciation expense_______5.) Cash paid to owners_______6.) Cash receipts from the sale of goods and services_______7.) Cash receipts from lawsuit settlements_______8.) Cash receipts from the settlement of insurance claims_______9.) Cash receipts from supplier refunds_______10.) Cash receipts from licensees
Answer:
1.OA
2.FA
3.IA
4.IA
5.OA
6.OA
7.FA
8.IA
9.FA
10.OA
Explanation:
HOPE ITS HELP
16. cash is increased debit or credits?
Answer:
You would record this as an increase of cash (asset account) with a debit, and increase the revenue account with a credit. ... Sell to a customer on credit: Debit accounts receivable and credit the revenue account. Purchase inventory from your vendor and pay cash: Debit inventory account and credit the cash account.
17. 2. Which of the following events reduce cash balances?A. Purchase of fixed assetsB. Acquired assets on creditC. Purchase of stock on accountD. Creditors grant loans
Step-by-step explanation:
following event reduce cash balance
18. Personal funds derived from savings, credit card advances, home equity loans, or from family and friends. funds of this type are often referred to as
Answer:
i need to know your name ok bruhhh
19. A payment of an existing loan would include a journal entry of: A.Debit to Cash B.Credit to Cash C.Credit to Loans Payable
Answer:
A. Debit to Cash
20. Which those transactions belongs to: A. Operating B. investing C. Financing activities 1. Cash received from customers 2. Cash paid to suppliers 3. Cash paid to employees 4. Cash paid to purchase equipment (company does not sell equipment) 5. Cash received from sale of furniture (company’s main line of business is not related to furniture) 6.Depreciation expense 7. Sale of goods on credit 8. Purchase of goods on credit 9. Cash received from getting a loan from a bank 10. Cash paid to owners
ANSWER
1. A
2. A
3. A
4. B.
5. A
6. A
7. A
8. B
9. C
10. A
21. 3 types of credit /loan
Answer:
revolving, installment and open.
Explanation:
There are three types of creditaccounts: revolving, installment and open. One of the most common types of credit accounts, revolving credit is a line of credit that you can borrow from freely but that has a cap, known as acredit limit, on how much can be used at any given time.
22. is cash collection debit or credit?
Credit Card
Explanation:
Because this you can withdraw and get your password to get the cash from the automated teller machine(ATM)
And the debit card:you get a discount with a QR code if you want to buy in commercial stores or supermarkets that want to buy with a discount of debit card.
23. If you take out a loan, which two things do your loan payments go toward? A. Income and cash flow B. Assets and collateral C. Line of credit and the bank D. Principal and interest
D.Principal and interest
24. Differentiate credit cards from consumer loans, stocks, bonds and mutual funds from home ownership
Answer:
What is one unique characteristic of chameleon
25. Consumer loans are used to finance expensive purchases. Without consumer loans, many people would be unable to purchase a home or car. Students can pay for college and not have to repay the loan until they have completed school. Credit cards are convenient and are a great way to help build credit.
I hope it's help pa follow po saaking acount
26. what is personal loan credit
a personal loan credit is a type of installment loan.That allows you to borrow a money and repay it.
27. cash overdraft, credit or debit
Quite simply, a bank overdraft is an account with a negative cash balance. ... This extension of credit allows the account holder to continue withdrawing money even when the account has insufficient funds to cover the amount of the withdrawal.
28. What accounting transaction applicable for sale for cash?A. Credit the cash | Debit the revenueB. Debit the cash | Credit the revenueC. Debit the Revenue | Credit the cashD. Debit the cash | Credit the receivable
Answer:
A. po ng sagot sana makatulong
29. A.Multiple Choice Direction:Encircle the letter of the correct answer.1.J.Ilagan invested P150,000 in a real estate agency.a.Debit land,credit cash b.Debit cash,credit J.llagan,capital c. Debit land,credit accounts payable d.None of the above 2.He paid the monthly rent of the office,P9,500a.Debit cash,credit J.llagan,capital b.Debit rent expense,credit cash c.Debit J.llagan,personal,credit cash d.None of the above3.Paid P20,000 for business automobile a.Debit cash,credit accounts payable b.Debit transportation expense,credit cash c.Debit automobile,credit cash d..none of the above 4.Purchased office equipment for cash P65,000 a.Debit office equipment.credit cash b. Debit office oquipment,credit accounts payable c.Debit office equipment,credit J.llagan.captal d.None of the above 5.Purchased on credit office supplies,P1,870 and office equipment,P57,500 from C.de Leon. a.Debit office supplies and office equipment,credit cash b. Debit office supplies and office equipment,credits accounts payable c.Debit office supplies and office equipment.credit J.llagan,capital d. None of the above 6.Sold unneeded office equipment to E.Mortiz,P35,000 cash. a. Debit office equipment,credit cash b.Debit office equipment,credit accounts payable c. Debit cash,credit office equipment d. None of the above 7.Paid one-half of the account due to C.de Leon a. Debit cash,credit accounts payable b. Debit accounts payable,credit cash c.Debit office equipment,credit cash d. None of the above 8.Sold a house and collected P45.000 commissiona.Debt cash,credit commission income b.Dobrt cash.credit J.lagan,capital c. Debit commission expense.credit cash d.None of the above 9.Paid the secretary's salary tor the first half of Uhe month,P3,500 a.Debit cash,credit J.llagan.capital b.Debit salary expense.credt cash c.Debit salary expense,credit accounts payable d. None of the above 10.With drow from the agency.P5,000 for personal use a.Debit cash,credit J.lagan,capital b.Debit J. lagan,personal cash,credit cash c.Debit J.Ilagan,personal cash,Credit J.llagan,capital d. None of the above. 11.Paid the monthly telephone bill,P650. a.Debit cash,credit J.Ilagan.capital b.Debit telephone expense,credit cash c.Debit J.llagan,capital,credit cash d. None of the above. 12.Paid for gas and oil used in the service car,P1.500 a.Debirt gas and oil,credit cash b. Debit cash,credit gas and oil c.Debit service car,credit cash d. None of the above 13.Paid for newspaper advertising.P1.500 a.Dobit cash,credit advertising b. Debit advertising.credit cash c.Debit advertising.credit J.llagan,capital d. None of the above 14.Paid the other half of the account due to C. de Leon a. Debit cash,credit accounts payable b. Debits account payable,credit cash c.Debit equipment,credit accounts payable d. None of the above 15.Received P20,000 for the sale of lot. a. Debit cash,credit commission income b. Debit cash,credit accounts receivable c. Debit cash,credit land d. None of the above.
Answer:
1.b
2A
3.D
4.A
5.B
6.C
Explanation:
I'm not sure po.
30. loan or cash? explain why?
Answer:
Cash
Step-by-step explanation:
The amount in the account at the end of 9 years and 6 months is a cash balance.
The term "loan" refers to an amount of money that is borrowed from a lender and must be repaid with interest. In this case, the man is not borrowing money but rather depositing it into an account, so the balance in the account is not a loan. Instead, it is the total amount of cash that has been deposited into the account, including both the principal (the amount of the deposits) and the interest earned on those deposits.
The amount in the account at the end of 9 years and 6 months is a cash balance.
To solve this problem, we can use the formula for compound interest:
A = P(1 + r/n)^(nt)
Where "A" is the final amount in the account, "P" is the principal (in this case, the amount of each deposit, or ₱12,200), "r" is the interest rate (in this case, 5.5% compounded semiannually, or 0.055), "n" is the number of times the interest is compounded per period (in this case, 2 times per year), and "t" is the number of periods (in this case, 9 years and 6 months, or 9.5 years).
Plugging these values into the formula, we get:
A = ₱12,200(1 + 0.055/2)^(2 * 9.5)
Calculating this expression gives us a final amount in the account of ₱223,458.61. This is the total amount of cash that will be in the account at the end of 9 years and 6 months, including both the principal and the interest earned.
ps: click the crown icon, thanks!!
