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What do you mean by folio charges?
Folio charges or service charges are account maintenance fees. Folio charges are usually charged to customers of a financial institution on an annual basis.
Why should one check their credit report on a regular basis?
One should check their credit report on a regular basis to help avoid issues with identity theft. In addition, it is the only way to adequately protect and improve a credit rating.
Does not activating a credit card harm your credit score?
No, but it doesn't help your credit score either. In order to build and maintain your credit score, you need to use credit on a monthly basis.
What does to complete a credit facility means?
What does to complete a credit facility means?" Answer: Credit facility means a facility for an individual or a group to fulfill his house hold, individual, basic, business requirements. Banks & DFIs are currently providing this facility to individual or group, where banks or DFIs provide credit on monthly basis repayment procedure inluding interest & service charges. This facility helps individual or group to fulfill them urgent requirements in a short time of period.
Sara had a previous balance of 449.13 carried over from last months credit card bill The credit card company assessed a 6.74 finance charge What is Saras new balance?
$455.87, assuming Sara has not made any additional charges on her card since receiving the previous credit card bill. When a credit card company assesses a finance charge, the finance charge ($6.74) is added to the existing balance ($449.13) to arrive at a new balance ($455.87). As an aside, if possible, Sara should revolve (carry) her balance on a credit card that charges a lower rate since the $6.74 finance charge represents 18% (17.7%) on an annualized basis.
What decreases basis?
The basis of an asset decreases when there is a deductible expense related to the asset, such as depreciation or depletion. Additionally, a decrease in the basis may occur if the asset is sold or if there is a tax-deductible loss associated with the asset.
If tax professional does not establish basis for an asset that is sold?
If a tax professional does not establish the basis for an asset that is sold, it can lead to inaccurate reporting of capital gains or losses on tax returns. Without a clear basis, the taxpayer may overstate or understate their taxable income, potentially resulting in overpayment or underpayment of taxes. This oversight can lead to audits, penalties, or interest charges from tax authorities. Proper documentation and calculation of basis are crucial for compliance and to optimize tax outcomes.
What happen If the Tax Professional does not establish basis for an asset that is sold the?
If a tax professional fails to establish the basis for an asset that is sold, the taxpayer may face inaccurate tax reporting, potentially leading to overpayment or underpayment of taxes. Without a documented basis, it becomes challenging to determine the capital gain or loss from the sale, which can result in penalties or audits by tax authorities. Additionally, the taxpayer might miss out on deductions that could lower their tax liability. Ultimately, this oversight can have significant financial implications for the taxpayer.
What is the basis of statement that lines of electric force begin end only in charges?
The basis for this statement is the concept of electric field lines originating from positive charges and terminating on negative charges. This is in accordance with the fundamental property of charges where opposite charges attract each other. Therefore, electric field lines cannot start or end in empty space, as they always originate from and terminate on charges.
When a health policy pays hospital room and board expenses on the basis of the actual charges for a semiprivate room or a percentage of the actual charges for the room this is known as?
relative value basis
What do you mean by folio charges?
Folio charges or service charges are account maintenance fees. Folio charges are usually charged to customers of a financial institution on an annual basis.
What are The Amounts on the books that are on a credit basis are considered a current asset on the books and?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
Amounts owed to a business that are on a credit basis are considered a current asset on the books and?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
Amount owed to a business that are on a credit basis are considered a current asset on the books and?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
What are amounts owed to business that are on a credit basis are considered a current asset on the books and?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
Are Amounts owed to a business that are on a credit basis are considered a current asset on the books and?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
Amounts owed to a business that are on a credit basis are considered a current asset on the books and.?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
