Answer:
The borrower records its receipt of cash and new liability with this entry
Jan 1 Notes Receivable $10,000 Dr.
Sales / Accounts Receivable $10,000 Cr.
Received Note of 3 months with 9% interest
The entry would credit to Sales if it is received against sales or credit to account receivable isf it is received against accounts receivable for a further time period as the case may be.
Answer:
False.
Explanation:
False, Because a global company is the one that operates in different countries. It does not have to depend on the position of industry in other countries. If a company is operating in different countries then it is a global company. Moreover, in the case of a global company, the company sells its product in that country without changing its quality. For example, a global company selling soda in different countries. In this case, the company will not compensate for its product according to the culture of that country rather it will impose its business model.
Three key elements of a bond are financial instruments that outline the future payments a company promises to make in exchange for receiving a sum of money now.
A secured bond is a bond that is pledged against a specified asset. An example of a secured bond is a mortgage bond with a lien on real estate. Bonds that do not have specific collateral and instead rely on the general financial condition of the company are known as unsecured or corporate bonds.
A lease is a contractual arrangement under which one party, called the lessor makes an asset available for use by another party called the lessee based on periodic payments over an agreed period of time. A lessee pays a lessor to use an asset or property. Premium bonds are bonds that trade above par. It costs more than the face value of the bond. A bond may trade at a premium because its interest rate is higher than the market's current interest rate.
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Answer:
The cost of the ending inventory is $3,960
Explanation:
Under fifo method of valuation the unit are expensed in cost of good sold statement in order of their purchase. The purchase price of unit purchase first are charged in profit and loss account when sale is made. So the cost cost assign to ending inventory will be that of last purchase made. Detail calculation is given below.
Total Stock Remaining =26 units
10 units at 160 dollars = $ 1600
12 units at 150 dollars = $ 1800
4 units at 140 dollars = $ 560
Total value = $3,960
Answer:
"What does success look like for you?" And: "Do you have what it takes to get there?
Explanation:
