Case Expense Line Of Credit

I am 20 years old, have a full time job, and want a credit card now so I can pay minor expenses like gas, and food. All I want is a 200 dollar credit line. That is all im going to use it for is gas, that way I can start saving up money for my future... I applied for the basic credit card for my bank (chase) and i get denied for reasons unspecified. and then I apply for credit one card and i get denied because lack of credit history. So how the hell am i sopposed to build up credit with out a credit card! For christ sake I can't even get my own cell phone plan with out a credit card down payment of 500 dollars. I am so confused and I hate bankers and I hate this financial system. I dont want a credit card so i can go shop till i drop. I dont even do that with my real money...I know alot of people are on the same boat and most people will say dont get credit because you will end up in debt like the rest of us...well it looks like credit is a monster americans can not escape...unless you have a suit case of cash with you at all times and no need for credit but thats only in the movies not in the real world..

Get what is called a "secured credit card." Your local bank or credit union may offer one, and many of the national banks do.

A secured credit card is one where you send the bank $250 to secure the account. The bank sends you a card, and you treat it like a normal credit card. You pay the monthly balances due and ignore the security. Eventually, this positive credit history will appear on your credit reports, and will start to build your credit history.

An important note is that this secured credit card account should remain open for the long term because the length of your credit history is a significant part of a person's credit score.

I wish you the best of luck. I hope that the information I have provided helps you Find. Learn. Save.

Best,
Bill
http://www.Bills.com/

2009-12-15 11:24:25 by Leo G

www.advocatecapital.com Use Advocate Capital's powerful expense funding tool to help with case expense financing.

Ron Paul, the popular Republican Congressman from Texas, is ripping into the president and Congress for what he sees as their “goal” with round after round of stimulus: complete economic collapse.

“From their spending habits, an economic collapse seems to be the goal of Congress and this administration,” he said in his June 22, 2009, weekly address.

He added that Democrats who voted for the president’s war funding request, which gave an additional $106 billion to military operations in Afghanistan and Iraq — among other, unrelated items — were actually voting in favor of the wars, not just authorization of the president’s agenda.

He called it an affront to everyone who believed a vote for Obama was a vote for a peace candidate.

The president’s insistence on including an additional $108 billion in asset exchange with the International Monetary Fund is merely “buying global oppression,” he said.

Paul added that, “this [bill sent] $660 million to Gaza, $555 million to Israel, $310 million to Egypt, $300 million to Jordan and $420 million to Mexico; and some $889 million will be sent to the United Nations for so-called peace keeping missions.”

In other words, the latest U.S. war funding was an “International bailout,” he said.

The legislation’s provisions for the IMF included 100 billion dollars for the New Arrangements to Borrow (NAB), a credit instrument providing the multilateral institution with additional resources to deal with exceptional risks to the stability of the international monetary system.

They also include an expansion of the nation’s special drawing rights by five billion SDRs, adding roughly eight billion dollars to the IMF’s financial firepower.

The 100 billion dollars for the NAB acts as a credit line for the IMF in case member countries need emergency loans that exceed the institution’s resources. As such, the money is not considered an immediate budget expense.

Sen. Jim DeMint (R-SC) had proposed to strip out the IMF funds, but his measure was defeated in May by a vote of 64-30.

“Not only does sending money to the IMF hurt citizens here, evidence shows that it even hurts those it pretends to help,” Paul said. “Along with IMF loans come IMF required policy changes called ’structural adjustment programs,’ which amount to forced Keynesianism. This is the very fantasy-infused economic model that brought our own country to its knees.”

Absolutely.

Henry Kissinger stated (it's on youtube) that Obama was the person selected to bring in the NWO. Destroying our economy is the NEXT step in that process.
(Bush's job was to destroy our Civil Liberties)
Ron Paul scares the daylights out of the "Banksters" because the tells the truth and is actively trying to stop this from happening.
We have not had a president that was not working towards that goal since THEY killed Kennedy. (10 days after he warned us about THEM)

Ron Paul is the ONLY statesman this country has left. We should be giving him our full support, he may be the only hope we have left as well.
He is telling us the truth, always has.

2009-06-24 18:25:25 by Willie Mammoth

My 3 year old male cat has had off/on urinary tract infections. We are young so unable to afford care, I found an over the counter med that worked for the first couple of infections that he got, the current one seems a little worse so we made an appointment with the vet. I applied for carecredit line to help pay for the expenses and got a 1k credit line. Is this enough to cover the costs? Obviously I'm oblivious to what the vet costs are. Just asking for a little heads up. Best case/Worst case scenarios would be nice. Anyone have any ideas?
He is fixed, and the first time he got the UTI we changed litter to "cedarific" and also changed his food to the urinary health formula.

Thanks for your input, I'm pretty sure we're going to get some pet insurance in the near future.
I'm in Maine, USA....
We got a new dog about 2 months ago, and now that you've mentioned it, he has gotten the UTI's more frequently since we got the doggy. Perhaps the dog is stressing him out?? They get along a lot better now, but the dog is only a year old so he wants to play a lot, but knows when to back off.
I appreciate all of the answers. I would be very sad to see him go so I hope that the treatment at the vet will work as planned. He is a very blessed kitty, born with a crooked paw, shoulder problems and a short tail! He is the most affectionate adorable kitty and I would be very sad to see him go.
Thanks for everyone's help. I'll post another post tomorrow and let y'all know how the visit went!!!

Been there, done this. :o( I have 2 males who I almost lost to FLUTD, struvite crystals, bladder and kidney stones. I managed to cure both of them naturally (with the help of my vet) by feeding a species appropriate Raw food diet and adding in a regimen of natural supplements.

My biggest piece of advice is if your vet advises you to use a “prescription diet” food… choose to skip that route and go for a strictly wet food diet, canned or raw, instead. Vets that prescribe dry prescription foods and even canned prescription diets as the cure to Urinary Tract problems obviously know nothing about feline nutrition and are only bandaiding the problem instead of preventing it in the first place. Sadly, most vets never learn anything about feline nutrition except what the cat food companies teach them. *roll eyes here* Any vet that would tell you to put your already sick cat on a garbage food made with cheap fillers like Hills Science Diet, Royal Canin, or Purina Prescription clearly knows NOTHING about cats nutritional needs

Cats were never designed to eat dry food. NEVER. They eat their prey whole and wet. Cats do not have a thirst mechanism. So because of all that… cats are designed to eat only wet food. We idiot humans feed dry only for our convenience. Shows how much we used to know, huh?

Because of all the above, we, by feeding dry, are usually the cause of all UTI issues in cats. They do not take in enough water on a dry diet and so their systems do not fully flush out so they get UTI issues.

What you need to do is unconcentrate the urine. To do that you need to stop feeding all dry foods and switch to an all wet diet. Either a canned diet or Raw. Did your vet recommend that? Wet food will help flush the system faster so that crystals and bacteria can not form.

Get your kitty on a STRICKTLY wet food diet. Either high quality canned, or a raw diet. It’s not cheap but it will cost you less in the long run than the vet. You can learn about raw food at www.catinfo.org and www.catnutrition.org or canned… choose Wellness, Merrick, Drs Foster and Smith or something with those matching ingredients.

No matter which you choose… no more dry food for your cat ever. Wet food only!

I’ve also had success using Glucosomine and Chrondriton for preventing inflammation in the urethra. Discuss this with your vet and ask them to look into it. There are some major feline studies being done on this that are VERY promising!

If your kittys urine needs more acidity because of struvite Crystals you can also add dry cranberry extract, just a pinch 2X a day on wet food. And you can try a pinch of Vitamin C sprinkled on as well.

Give your kitty distilled water to drink only. Both my vet and I are convinced after speaking with vets all over the county that the hardness and mineral content in water in different areas contributes to the # of cases of UTI’s in those areas. From here on out… distilled water only. Another suggestion… is to get kitty a water fountain. I bought the Bigdog Drinkwell for my cats and keep it filled with distilled water and they love it. It’s a great way to encourage their water consumption.

Lastly, get yourself a bag of scientific litter so you can keep track of kittys PH levels at home. You won’t be able to detect the crystals at home that cause blockages, but if the ph was off… you could get kitty in for a urine analysis right away and possibly head off a blockage.

Good luck!

2008-05-13 08:09:57 by Alicialee05

1.Once cost is established for a plant asset, it becomes the basis of accounting for the asset unless the asset appreciates in value, in which case, market value becomes the basis for accountability.
A)True
B)False


2.The depreciable cost of a plant asset is its original cost minus obsolescence.
A)True
B)False


3.In calculating depreciation, both plant asset cost and useful life are based on estimates.
A)True
B)False


4.If a plant asset is sold at a gain, the gain on disposal should reduce the cost of goods sold section of the income statement.
A)True
B)False


5.Natural resources are long-lived productive assets that are extracted in operations and are replaceable only by an act of nature.
A)True
B)False


6.A company purchased land for $90,000 cash. Real estate brokers' commission was $5,000 and $7,000 was spent for demolishing an old building on the land before construction of a new building could start. Under the cost principle, the cost of land would be recorded at
A)$97,000.
B)$90,000.
C)$95,000.
D)$102,000.


7.Feeney Clinic purchases land for $130,000 cash. The clinic assumes $1,500 in property taxes due on the land. The title and attorney fees totaled $1,000. The clinic has the land graded for $2,200. What amount does Feeney Clinic record as the cost for the land?
A)$132,200
B)$130,000
C)$134,700
D)$132,500


8.Belle Company buys land for $50,000 on 12/31/07. As of 3/31/08, the land has appreciated in value to $50,700. On 12/31/08, the land has an appraised value of $51,800. By what amount should the Land account be increased in 2008?
A)$0
B)$700
C)$1,100
D)$1,800


9.Pine Company acquires land for $86,000 cash. Additional costs are as follows:
Removal of shed$ 300
Filling and grading1,500
Salvage value of lumber of shed120
Broker commission1,130
Paving of parking lot10,000
Closing costs560
Pine will record the acquisition cost of the land as
A)$86,000.
B)$87,690.
C)$89,610.
D)$89,370.


10.Shawnee Hospital installs a new parking lot. The paving cost $30,000 and the lights to illuminate the new parking area cost $15,000. Which of the following statements is true with respect to these additions?
A)$30,000 should be debited to the Land account.
B)$15,000 should be debited to Land Improvements.
C)$45,000 should be debited to the Land account.
D)$45,000 should be debited to Land Improvements.


11.A company purchases a remote site building for computer operations. The building will be suitable for operations after some expenditures. The wiring must be replaced to computer specifications. The roof is leaky and must be replaced. All rooms must be repainted and recarpeted and there will also be some plumbing work done. Which of the following statements is true?
A)The cost of the building will not include the repainting and recarpeting costs.
B)The cost of the building will include the cost of replacing the roof.
C)The cost of the building is the purchase price of the building, while the additional expenditures are all capitalized as Building Improvements.
D)The wiring is part of the computer costs, not the building cost.


12.Carley Company purchases a new delivery truck for $45,000. The sales taxes are $3,000. The logo of the company is painted on the side of the truck for $1,200. The truck license is $120. The truck undergoes safety testing for $220. What does Carley record as the cost of the new truck?
A)$49,540
B)$49,420
C)$48,000
D)$47,420


13.Becky's Blooms purchased a delivery van for $20,000. The company was given a $2,000 cash discount by the dealer, and paid $1,000 sales tax. Annual insurance on the van is $500. As a result of the purchase, by how much will Becky's Blooms increase its van account?
A)$20,000
B)$18,000
C)$19,500
D)$19,000


14.Equipment was purchased for $75,000. Freight charges amounted to $3,500 and there was a cost of $10,000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $15,000 salvage value at the end of its 5-year useful life. Depreciation expense each year using the straight-line method will be
A)$17,700.
B)$14,700.
C)$12,300.
D)$12,000.


15.A truck was purchased for $120,000 and it was estimated to have a $24,000 salvage value at the end of its useful life. Monthly depreciation expense of $2,000 was recorded using the straight-line method. The annual depreciation rate is
A)20%.
B)2%.
C)8%.
D)25%.


16.The percentage of receivables basis of estimating expected uncollectible accounts emphasizes income statement relationships.
A)True
B)False


17.Allowance for Doubtful Accounts is debited under the direct write-off method when an account is determined to be uncollectible.
A)True
B)False


18.Under the allowance method, the cash realizable value of receivables is the same both before and after an account has been written off.
A)True
B)False


19.A factor purchases receivables from businesses for a fee and collects the remittances directly from customers.
A)True
B)False


20.The two key parties to a note are the maker and the payee.
A)True
B)False


21.When counting the exact number of days to determine the maturity date of a note, the date of issue is included but the due date is omitted.
A)True
B)False


22.Which of the following receivables would not be classified as an "other receivable"?
A)Advance to an employee
B)Refundable income tax
C)Notes receivable
D)Interest receivable


23.Which of the following would be considered as an unlikely occurrence?
A)Manufacturer offers a cash discount to a wholesaler.
B)Wholesaler offers a cash discount to a retailer.
C)Retailer offers a cash discount to a customer.
D)All of these are standard practices.


24.When an account becomes uncollectible and must be written off,
A)Allowance for Doubtful Accounts should be credited.
B)Accounts Receivable should be credited.
C)Bad Debts Expense should be credited.
D)Sales should be debited.


25.Under the direct write-off method of accounting for uncollectible accounts, Bad Debts Expense is debited
A)when a credit sale is past due.
B)at the end of each accounting period.
C)whenever a pre-determined amount of credit sales have been made.
D)when an account is determined to be uncollectible.

26.If a worksheet is used, financial statements can be prepared before adjusting entries are journalized.
A)True
B)False


27.It is not necessary to prepare formal financial statements if a worksheet has been prepared because financial position and net income are shown on the worksheet.
A)True
B)False


28.After closing entries have been journalized and posted, all temporary accounts in the ledger should have zero balances.
A)True
B)False


29.Closing entries are journalized after adjusting entries have been journalized.
A)True
B)False


30.A business entity has only one accounting cycle over its economic existence.
A)True
B)False


31.The accounting cycle begins at the start of a new accounting period.
A)True
B)False


32.Current assets are customarily the first items listed on a classified balance sheet.
A)True
B)False


33.If the total debit column exceeds the total credit column of the income statement columns on a worksheet, then the company has
A)earned net income for the period.
B)an error because debits do not equal credits.
C)suffered a net loss for the period.
D)to make an adjusting entry.


34.The net income (or loss) for the period
A)is found by computing the difference between the income statement credit column and the balance sheet credit column on the worksheet.
B)cannot be found on the worksheet.
C)is found by computing the difference between the income statement columns of the worksheet.
D)is found by computing the difference between the trial balance totals and the adjusted trial balance totals.


35.Closing entries are necessary for
A)permanent accounts only.
B)temporary accounts only.
C)both permanent and temporary accounts.
D)permanent or real accounts only.


36.Closing entries are made
A)in order to terminate the business as an operating entity.
B)so that all assets, liabilities, and owner's capital accounts will have zero balances when the next accounting period starts.
C)in order to transfer net income (or loss) and owner's drawing to the owner's capital account.
D)so that financial statements can be prepared.


37.Closing entries are
A)an optional step in the accounting cycle.
B)posted to the ledger accounts from the worksheet.
C)made to close permanent or real accounts.
D)journalized in the general journal.


38.The income summary account
A)is a permanent account.
B)appears on the balance sheet.
C)appears on the income statement.
D)is a temporary account.


39.Closing entries
A)are prepared before the financial statements.
B)reduce the number of permanent accounts.
C)cause the revenue and expense accounts to have zero balances.
D)summarize the activity in every account.


40.The balance in the income summary account before it is closed will be equal to
A)the net income or loss on the income statement.
B)the beginning balance in the owner's capital account.
C)the ending balance in the owner's capital account.
D)zero.

41.Transactions that affect inventories on hand have an effect on both the balance sheet and the income statement.
A)True
B)False


42.The matching principle requires that the cost of goods sold be matched against the ending merchandise inventory in order to determine income.
A)True
B)False


43.A company may use more than one inventory costing method concurrently.
A)True
B)False


44.An error that overstates the ending inventory will also cause net income for the period to be overstated.
A)True
B)False


45.Under the FIFO method, the costs of the earliest units purchased are the first charged to cost of goods sold.
A)True
B)False


46.The gross profit method is based on the assumption that the rate of gross profit remains constant from one year to the next.
A)True
B)False


47.In a manufacturing business, inventory that is ready for sale is called
A)raw materials inventory.
B)work in process inventory.
C)finished goods inventory.
D)store supplies inventory.


48.An employee assigned to counting computer monitors in boxes should
A)estimate the number if there is a large quantity to be counted.
B)read each box and rely on the box description for the contents.
C)determine that the box contains a monitor.
D)rely on the warehouse records of the number of computer monitors.


49.A recommended internal control procedure for taking physical inventories is that the counting should be done by employees who do not have custodial responsibility for the inventory. This is an example of what type of internal control procedure?
A)Establishment of responsibility
B)Documentation procedure
C)Independent internal verification
D)Segregation of duties


50.The term "FOB" denotes
A)free on board.
B)freight on board.
C)free only (to) buyer.
D)freight charge on buyer.


51.Cost of goods sold is computed from the following equation:
A)beginning inventory – cost of goods purchased + ending inventory.
B)sales – cost of goods purchased + beginning inventory – ending inventory.
C)sales + gross profit – ending inventory + beginning inventory.
D)beginning inventory + cost of goods purchased – ending inventory


52.Which of the following is not a common cost flow assumption used in costing inventory?
A)First-in, first-out
B)Middle-in, first-out
C)Last-in, first-out
D)Average cost


53.Which of the following statements is true regarding inventory cost flow assumptions?
A)A company may use more than one costing method concurrently.
B)A company must comply with the method specified by industry standards.
C)A company must use the same method for domestic and foreign operations.
D)A company may never change its inventory costing method once it has chosen a method.


54.Two companies report the same cost of goods available for sale but each employs a different inventory costing method. If the price of goods has increased during the period, then the company using
A)LIFO will have the highest ending inventory.
B)FIFO will have the highest cost of good sold.
C)FIFO will have the highest ending inventory.
D)LIFO will have the lowest cost of goods sold.


55.If companies have identical inventoriable costs but use different inventory flow assumptions when the price of goods have not been constant, then the
A)cost of goods sold of the companies will be identical.
B)cost of goods available for sale of the companies will be identical.
C)ending inventory of the companies will be identical.
D)net income of the companies will be identical.

This is far too much for 1 question. You should break this up into 10-point worthy questions, I would say, maximum 4 questions each time, certainly not 55.

2008-08-16 15:14:48 by Hope

For a business that makes advance provision for uncollectible receivables

(a)
Journalize the entries to record the following:

(1)
Record the adjusting entry at December 31, the end of the fiscal year, to provide for doubtful accounts. The accounts receivable account has a balance of $800,000, and the contra asset account before adjustment has a debit balance of $600. Analysis of the receivables indicates doubtful accounts of $20,000.

(2)
In March of the following fiscal year, the $550 owed by Flake Co. on account is written off as uncollectible.

(3)
Eight months later, $200 of the Flake Co. account is reinstated and payment of that amount is received.

(4)
In October, $400 is received on the $600 owed by Doe Co. and the remainder is written off as uncollectible.
(b)
Based on the data in (a) (1) above, what is the net realizable value of the accounts receivable as reported on the balance sheet as of December 31?
(c)
Assuming that the business had been following the direct write-off procedure in accounting for uncollectible receivables, journalize the entries to record the following:

(1)
Recorded the write-off of account of Flake Co. [(a) (2) above].

(2)
Reinstated account of Flake Co. for $200 and recorded payment of that amount received [(a) (3) above].

(3)
Recorded the receipt of $400 from Doe Co. in (a) (4) above and wrote off the remainder owed as uncollectible.

39. Equipment was acquired at the beginning of the year at a cost of $75,000. The equipment was
depreciated using the straight-line method based upon an estimated useful life of 6 years and an estimated
residual value of $7,500.

(a)
What was the depreciation for the first year?
(b)
Assuming the equipment was sold at the end of the second year for $57,000, determine the gain or loss on sale of the equipment.
(c)
Journalize the entry to record the sale.





40. Journalize the following entries on the books of Campbell Co. and Costello Co. for November 1, December 1, December 31, and March 1. Label the entries accordingly.

Nov. 1
Campbell Co. purchased merchandise for $60,000 on account from Costello Co., terms n/30.
Dec. 1
Campbell Co. issued a 90-day, 9% note for $60,000 on account.
31
Accrued interest on the note.
Mar. 1
Campbell Co. paid the amount due.



41. Mega Sales has Gross sales of $1,525,000.00. Of these sales, $1,175,000.00 were on accounts receivable. During the year of 2007 there were sales returns and allowances and sales discounts on sales made on account of $55,000.00. Mega Sales calculates that 6 1/2% of the period sales less sales returns and allowances and sales discounts will be uncollectible.

Calculate the net realizable value of sales and write the journal entry to recognize the period expense of uncollectible accounts.



42. On September 1, Miners Inc. signed a $150,000, 90-day discounted note at the bank. The discount rate was 10%, and the note was paid on November 30.

(a)
Journalize the entries for September 1 and November 30.
(b)
Assume that Miners Inc. signed a 10% note. Journalize the entries for September 1 and November 30.
(c)
Which of the two options is more favorable to the bank and why? Is the answer the same for Miners?





43. Electronics Company sold $150,000 of kitchen appliances during September under a 6 month warranty. The
cost to repair defects under the warranty is estimated at 6% of the sales price. On October 15 a customer
required a $200 part replacement, plus $85 labor under the warranty.

Provide the journal entry for (a.) the estimated expense on September 30 and (b.) the October 15 warranty
work.


44. Equipment purchased at the beginning of the fiscal year for $300,000 is expected to have a useful life of 5 years, or 15,000 operating hours, and a residual value of $30,000. Compute the depreciation for the first and second years of use by each of the following methods:

(a)
straight-line
(b)
units-of-production (5,500 hours first year; 3,250 hours second year)
(c)
declining-balance

(Round the answer to the nearest dollar.)

45. Determine the amount to be added to Allowance for Doubtful Accounts in each of the following
cases. Indicate the ending balance in each case.

(a)
Credit balance of $400 in the allowance account just prior to adjustment. Analysis of accounts receivable indicates doubtful accounts of $8,500.
(b)
Credit balance of $400 in the allowance account just prior to adjustment. Uncollectible accounts are estimated at 2% of sales, which totaled $1,000,000 for the year.

29 minutes ago - 3 days left to answer.

You really can't expect somebody to do all of that for you.

2008-11-30 12:01:24 by fatthief