Bad credit, defined by FICO as a score of 300 to 629, is a common reason that lenders reject small-business loan applications. Borrowers with poor credit scores are considered at higher risk of defaulting on a loan. Still, even with bad credit, you have financing options, including online loans.
Answer:
ROI = 10.5%
Explanation:
The ROI of a Division is the portion of then operating assets that is earned by as operating income by it. The higher the better.
Net operating assets = 28,600,000 - 600,000 = 28,000,000
ROI = Income/ Net operating assets × 100
ROI = 2,940,000/28,000,000 × 100
= 10.5%
Answer:
$4,634 million
Explanation:
The movement or change in the raw materials balance is as a result of purchases and use. The more the raw materials are used, the more reduced the raw material balance is and the more the purchase, the higher the balance.
Hence the relationship may be stated as
Opening balance + purchases - use = closing balance
$986 million + $4,576 million - amount used = $928 million
Amount used = $986 million + $4,576 million - $928 million
= $4,634 million
As a business person planning to open a new small business, you know that the business plan should not contain pages and pages of detailed facts and figures.
Hope this helps :)
Answer: Debit Notes Receivable $10,400; credit Accounts Receivable $10,400.
Explanation:
Mifflin Company is receiving the note back from Payton Summers which means that Payton Summers intends to settle their account. The correct entry to record therefore is one that closes off the Notes Receivable account by debiting it as it was on a credit balance.
The other account would be the Accounts Receivable account which would need to be credited by the amount owed to close off the account as it was on a debit balance as Accounts Receivables are when customers are still owing.