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2 years ago

A promissory note is best described as:_____.

Business

1 answer:

Katarina [22]2 years ago

5 0

A promissory note is best defined as written evidence of debt.

A promissory note is an assurance of payment. A promissory note is a type of loan instrument that includes a written pledge from the issuer to the recipient.

Promissory notes come in a number of different forms:

1) Personal Promissory Notes (PPNs) – This type of loan is taken out specifically from relatives or friends. Even though most individuals avoid signing formal paperwork when asking a close friend or relative for a loan, the promissory note shows that the lender has faith and confidence in the borrower's well-being.

2) Commercial: The note is made here when dealing with commercial lenders like banks.

3) Real estate: In terms of the repercussions of nonpayment, this is comparable to commercial notes. The party has the right to detain the property until the debt is paid if the borrower defaults. It carries some risk because all the pertinent information is made public, which may harm the borrower's credit history going forward.

4) Investments: The promissory note may at times be utilized to obtain capital for the company. It is controlled by securities regulations and utilized for security purposes. It contains clauses pertaining to returns on investment.

Learn more about the promissory note

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If a Starbucks tall latte cost $3.20 in the United States and 3 euros in the Euro area, then purchasing-power parity implies the

Nataliya [291]

Answer:

a. .938 If the exchange rate is less than this, it costs more dollars to buy a tall latte in the U.S. than in the Euro area.

Explanation:

We can see in the example that the Euro is cheaper than the dollar in purchasing-power parity. More specifically, the exchange rate is .938 euros per dollar.

This is why it is more expensive to buy a tall latte in the U.S. than in Europe. The Euro is cheaper.

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3 years ago

The Kelsh Company has two divisions--North and South. The divisions have the following revenues and expenses:

weqwewe [10]

Answer:

Company should not eliminate the North division.

Explanation:

Division B is individually making loss. Overall the company is making profit of $50,000.

After eliminating the North division the overall profit will be converted into the loss of $140,000, because the common corporate expenses were shared by the both divisions, eliminating one cause the whole expense to be allocated to a single division.

Company should not eliminate the division as it will increase the total loss.

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3 years ago

Joplin Industries Inc. manufactures and sells high-quality sporting goods equipment under its highly recognizable J-Sports logo.

motikmotik

Answer:

a. Joplin Industries Inc.

Absorption Costing Income Statement

For the Month Ended June 30

Sales $81,000,000

Less: Beginning inventory $4,387,200

Cost of goods manufactured $45,756,000

Cost of goods sold $50,143,200

Gross Profit $30,856,800

Selling and Administrative Expenses $13,122,000

Operating Income $17,734,800

b. Joplin Industries Inc.

Variable Costing Income Statement

For the Month Ended June 30

Sales $81,000,000

Variable cost of goods sold $40,500,000

Manufacturing Margin $40,500,000

Selling and Administrative Expenses $12,150,000

Contribution Margin $28,350,000

Fixed cost

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3 years ago

Which of the following is true of work?

Mademuasel [1]

Answer:

a. A job needs to be divided into types of work so that it can be coordinated in some logical way. ==>TRUE.

b. Work is the output that comes from the accomplishment of tasks. ==>FALSE.

c. Work is effort directed toward accomplishing results.==>TRUE.

d. Ideally, the work to be done in any organization should be significantly less than the amount of work that the organization needs to have done.==>FALSE

Explanation:

For a Job to be effectively executed, the steps required to carry out the job needs to be properly outlined, this itemized steps can be regarded as the work that needs to be done to properly execute the job.

Every work done has to be goal oriented, this is done to give the workers a sense of direction and also to avoid wasting time, energy and resources on things irrelevant to the job at hand.

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3 years ago

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Stolb23 [73]

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4 years ago