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Prepare journal entries to record each of the merchandising transactions assuming that the periodic inventory system and the gross method are used by both the buyer and the seller. A) a court-ordered attachment that allows a lender to take monies owed directly from a borrower's paycheck. Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions.

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Other sets by this creator. For press inquiries, contact: SAE Corporate Communications. The goods cost Troy$30, 000. E-mail: Mailing Address: SAE International World Headquarters.

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B) every extra dollar you get should be thrown at the largest debt first. Suppose that a technology task force is being formed to study technology awareness among instructors. D) under FCRA, creditors must notify consumers if they deny credit based on a credit report file, and they must also tell the consumer which of the three credit bureaus provided the report. C) attack your debt with intensity. Both Sydney and Troy use a perpetual inventory system and the gross method. D. The Aborigines mined for gold and other minerals, whereas Europeans refused to take anything from the land. Sydney pays $345 cash to Express Shipping for delivery charges on the merchandise. Assume that ten people will be randomly chosen to be on the committee from a group of 28 volunteers, 20 who are technically proficient and eight who are not. A) spending behavior does not matter as long as you pay off the credit card balance each month. Recent flashcard sets. Foundations in personal finance chapter 4 answer key pdf 5th grade. A) plan your purchase in advance using the sinking fund method of saving.

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C) the most ideal way to buy a house is the 100% down if that is not an option, you should get no more than a 15-year, fixed rate mortgage with a down payment of at least 10%. C. The Aborigines felt responsible for taking care of the earth, whereas Europeans felt that natural resources were a source of wealth. 20 Sydney pays Troy for the amount owed. The Aborigines emphasized large-scale agriculture, whereas Europeans emphasized small farms. Foundations in personal finance chapter 4 answer key pdf answers sheet free. B) under FCRA, consumers are allowed to receive one free credit report every five years.

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12 Sydney returns$1, 400 of the $40, 000 of goods to Troy, who receives them the same day and restores them to its inventory. 400 Commonwealth Drive. SAE Public Relations Contact. May 11 Sydney accepts delivery of $40, 000 of merchandise it purchases for resale from Troy: invoice dated May 11, terms 3/10, n/90, FOB shipping point. Which of the following is the most cost-effective option from purchasing a home? D) a legal procedure for dealing with debt problems of individuals and businesses. Foundations in personal finance chapter 4 answer key pdf 1. D) studies show that consumers typically spend more when using credit as opposed to cash purchases. B) studies show that there is no change in spending behavior whether a person uses cash or credit.

How did land use in Australia differ between the Aborigines and European settlers? Which of the following statements is false? The Aborigines built sheep and cat stations, whereas Europeans moved from one area to another and established few permanent settlements. Which of the following is not a recommended step in the Drive Free method of purchasing a car? Terms in this set (35). What is paycheck garnishment? Corporate Communications. C) the U. S. Congress enacted the Fair Credit Reporting Act to address concerns over consumer credit report accuracy, privacy, and fairness. Students also viewed. Sets found in the same folder.

The returned goods had cost Troy$1, 050. A) list your debts in order from smallest to largest balance and focus on paying the smallest debt off first. B) get a 30-year mortgage so that you can get the lowest possible payments. D) get a 30-year mortgage with a 20% down payment. C) process by which the holder of a mortgage sells the property of a homeowner who has fallen behind on payments. D) every time you pay off a debt, you add its old minimum payment to your neck debt payment. B) place your savings in a mutual find so that your money can make more money. A) prior to the FCRA, consumers were unable to challenge errors in their credit reports. D) explore new car dealerships for the best interest rate. Which of the following best summarizes how the use of a credit card for purchases instead of cash can change one's spending behavior? C) people typically spend less when they know that they are earning credit card "rewards". Troy receives the cash immediately. We are interested in the number on the committee who are not technically proficient.

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