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2 years ago

Is a liability that represents the amount the company owes to others as a result of issuing a promissory note.

1 answer:

4 0

A note payable is a financial document considered a liability that represents that it records that the company that signs it has the obligation to pay on the specific date.

<h3>What is a note payable?</h3>

It is a document that commits its issuer (the company) to pay a certain amount, within a specific period.

Its characteristic is the exchange action, which refers to the document being returned to the subscriber in exchange for payment.

Therefore, we can conclude that a note payable is a financial document considered a liability that represents that it records that the company that signs it has the obligation to pay on the specific date.

Learn more about a note payable here: brainly.com/question/25738368

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PLEASE ANSWER ASAP WILL GIVE BRAINLIEST AN LOTSSSS OF POINTS

Luba_88 [7]

Explanation:

$1a)\frac{(2000 \times 10 \times 5) + (3000 \times 5 \times 6.5)}{100 + 100 } \\ = \frac{100000 + 97500}{100 + 100} \\ = 1000 + 975 + 1500 + 800 \\ 4275$

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3 years ago

Read 2 more answers

Select the primary places where county programs get their money.

RSB [31]

Answer:

state government

Explanation:

Counties, towns, and cities collect their money mostly from taxes and fees charged to enterprises. The State government is in charge of collect taxes such as income, sales, and property taxes.

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3 years ago

This is your chance to calculate demand elasticities for health care. Suppose you are collecting data from a country (like Japan

sergejj [24]

Answer:

Arc price elasticity of demand = -0.273

Explanation:

This problem is solved as follows:

1. Identify the data.

Outpatient visit Price / visit

Tokyo 1.25 / month 20y

Hokkaido 1.5 / month 10y

Outpatient visits equal the quantities demanded of the service. Therefore, we can say that:

Qt (Outpatient visits in Tokyo) = 1.25 / month

Qh (Outpatient visits in Hokkaido) = 1.5 month.

With the following prices:

Pt (Price in Tokyo) = 20y

Ph (Price in Hokkaido) = 10 y

2. Apply the formula to calculate arc-elasticity of demand:

$Ep^{arc} = \frac{Pt+Ph}{Qt+Qh} *\frac{Qh-Qt}{Ph-Pt}$

We replace the data:

$Ep^{arc} = \frac{20+10}{1.25+1.5} *\frac{1.5-1.25}{10-20}$

$Ep^{arc}= \frac{30}{2.75} *\frac{0.25}{-10} = 10.91 *-0.025$

$Ep^{arc} = -0.27275$

Final answer: -0.27275 or -0.273

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3 years ago

Both Bond Sam and Bond Dave have 8 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has 3 years

Natali5045456 [20]

Answer: -12.1%

Explanation:

Bond Sam was priced at Par which means it could have been priced at $1,000 and its yield was the same as the coupon rate of 8%.

If interest rates rise by 5%, the yield becomes:

= 8% + 5%

= 13%

Price of bond is attached:

Yield = 13% /2 = 6.5% per semiannual period

Coupon = 8% * 1,000 * 0.5 = $40 per semi annual period

Period till maturity = 3 * 2 = 6 semiannual periods

Price = $878.97

Percentage change in price:

= (878.97 - 1,000) / 1,000 * 100%

= -12.1%

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3 years ago

Preparing Entries Across Two Periods Hatcher Company closes its accounts on December 31 each year. On December 31, 2018, Hatcher

padilas [110]

Answer and Explanation:

The journal entries are shown below

On Dec. 31, 2018

Interest receivable $600

To Interest income $600

(Being accrued interest earned is recorded)

On Dec. 31, 2018

Interest income $2,400

To Retained earnings $2,400

(Being the closing of interest income is recorded)

On Jan. 31, 2019

Cash $900

To Interest receivable $600

To Interest income $300

(Being cash receipt of interest is recorded)

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3 years ago