1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
marysya [2.9K]
2 years ago
10

Failure by a promissory notes maker to pay the amount due at maturity is known as_________.

Business
1 answer:
Andreas93 [3]2 years ago
5 0

Failure by a promissory notes maker to pay the amount due at maturity is known as Dishonoring a note.

A dishonored note is a that  promissory note which has not been paid by a debtor in a given  reasonable amount of time.  It causes the creditor to write off the recorded revenue as a  bad debt.

With the help of promissory note, a buyer  can make a short-term commitment to pay any supplier for merchandise within the stated time period and  also at a certain interest rate.

In order to properly record a dishonored note in the financial journal of the organization one must first decide whether he is  expecting to  collect payment eventually or not.

A bill is  always considered as dishonored either by non-acceptance or by non-payment of the bill.

To know more about dishonored note here:

brainly.com/question/9220878

#SPJ4

You might be interested in
Mo has a credit card that gives a 3% discount on every purchase. The annual percentage rate on the card is 12%. He is purchasing
Luden [163]

Answer:

If Mo pays cash, the cost of the purchase will be $140.

If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $135.80.

Explanation:

If Mo pays cash, it implies that she does not get the 3% discount she is entitled to, with the use of her credit card.  Therefore, she will bear the full cost.  However, if she uses the credit card, the discount is $4.20 ($1540 * 97%) and she will pay only $135.80 as the discounted price of the electronic reader.

5 0
3 years ago
Read 2 more answers
Future value of an annuity: Carlos Menendez is planning to invest $3,500 every year for the next six years in an investment payi
emmainna [20.7K]
7 is the annual rate for 6 years
8 0
3 years ago
Which of the following is not a type of informal report?
lozanna [386]

D feasibility is your best answer

Feasibility means "easily or conveniently done", which is not a extremely formal way of finishing things.

Complaints generally are formal, for you are trying to do business.

Progress brings formatility, for it must be formal and formatted for success.

Troubleshooting also needs formality, so that one can solve the problem as soon as possible

hope this helps

8 0
3 years ago
On the basis of your findings in part ​(c​), comment on the sensitivity of changes in EBIT in response to changes in sales. ​(Se
lina2011 [118]

Answer:

option b. EBIT is more sensitive to changing sales​ levels; it​ increases/decreases about twice as much as sales.

A Change in Sales the  will lead to a great change in EBIT

that is for a percent change in sales, will lead to a greater change in EBIT

Explanation:

6 0
3 years ago
A company uses the weighted average method for inventory costing. During a period, Department B finished and transferred 58,000
Anni [7]

Answer:

Option (B) is correct.

Explanation:

Given that,

During a period, Department B finished and transferred to Department C = 58,000 units

In Department B during the period units started = 14,000

Brought only to a stage of being 60% completed.

The number of equivalent units produced by Department B during the period was:

= Units finished and transferred from Department B to C + (Units were started in Department B × 60%)

=  58,000 units + (14,000 units × 60%)

= 58,000 units + 8,400 units

= 66,400 units

3 0
3 years ago
Other questions:
  • Tyler Smithson owns Joe on the Run, a small chain of three cof- fee shops, all of which are facing a challenge that is common to
    15·1 answer
  • An adjustment for Prepaid Rent would indicate the amount
    11·1 answer
  • If you want to start a fire using sunlight, which kind of mirror would be most efficient
    12·1 answer
  • Using the example of your university, give examples of information systems for each of the three levels of scope (workgroup, ent
    13·1 answer
  • In 2008, the U.S. government stepped in to help some failing financial institutions as a way to prevent further collapse of the
    5·1 answer
  • Assume the natural rate of unemployment in the U.S. economy is 5 percent and the actual rate of unemployment is 9 percent. Accor
    14·1 answer
  • The balanced scorecard approach
    8·1 answer
  • The most important benefit of celebrating partnership success by ""telling your story"" is that it: A. Establishes connections b
    7·2 answers
  • And i oop.................
    14·2 answers
  • North Bank has been borrowing in the U.S. markets and lending abroad, thereby incurring foreign exchange risk. In a recent trans
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!