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2 years ago

A decrease in notes payable _ cash and an increase in accounts payable_ cash

Business

1 answer:

Andrei [34K]2 years ago

7 0

A decrease in notes payable increase cash and an increase in accounts payable decrease cash.

Money owed payable is money owed through an enterprise to its suppliers shown as a legal responsibility on a corporation's stability sheet. it's miles wonderful from notes payable liabilities, which might be money owed created by means of formal prison tool files.

If a take a look at or cash order is made payable to you, it has your call written on it to indicate that you are the person that will acquire the money.

Accounts payable (AP) is an accounting time period used to explain the money owed to carriers or suppliers for goods or services bought on credit score.

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Fab Manufacturing Corporation manufactures and sells stainless steel coffee mugs. Expected mug sales at Fab (in units) for the n

Igoryamba

Answer:

Total Production for the month of November shall be = 26,800 units

Explanation:

Sales for the month shall be as follows:

October = 28,000

November = 25,000

December = 31,000

It is provided that inventory of finished goods at month end = 30% of next month's sales.

Thus Opening Inventory of November = 30% of sales

= 25,000 $\times$ 30% = 7,500 units

Total Production for the month shall be = Sales for the month - Opening Inventory + Closing inventory to be maintained.

Sales for the month = 25,000

Opening Inventory = 7,500

Closing Inventory to be maintained = 31,000 $\times$ 30% = 9,300

Thus, Total Production for the month of November shall be = 25,000 - 7,500 + 9,300 = 26,800 units

3 0

4 years ago

The appropriate discount rate for the following cash flows is 8 percent compounded quarterly.

NISA [10]

Answer:

Total PV= $2,736.39

Explanation:

Giving the following information:

Year Cash Flow

1 $ 870

2 950

3 0

4 1,540

First, we need to calculate the real annual discount rate:

Quarterly Discount rate= 0.08/4= 0.02

Real annual interest rate= [(1+i)^n] - 1

Real annual interest rate= [(1.02^4) - 1]

Real annual interest rate= 0.08243

Now, we can calculate the present value of the cash flows:

PV= Cf/(1+i)^n

Year 1= 870/1.08243= 803.75

Year 2= 950/1.08243^2= 810.82

Year 4= 1,540/1.08243^4= 1,121.82

Total PV= $2,736.39

7 0

3 years ago

Gracie wants to buy a new couch, but there is only one place in her town that sells them, and she lives in an isolated area. Gra

Yuki888 [10]

Answer:

D) choose

Explanation:

President Kennedy introduced 6 basic consumer rights:

The right to be safe - consumers should not suffer injuries caused by the products they purchase.
The right to choose freely - consumers have the right to choose freely among different options.
The right to be heard - consumers have to right to voice their complaints and concerns about the products they purchase.
The right to be informed- businesses must provide product information to their consumers.
The right to education- consumers have the right to request information about the products they purchase.
The right to service – consumers have the right to better services.

3 0

4 years ago

A dealer persuades a customer to buy a new car by reducing the price to well below that of his competitors. Once the customer ha

poizon [28]

Answer:

low ball

Explanation:

From the question, we are informed about A dealer who persuades a customer to buy a new car by reducing the price to well below that of his competitors. Once the customer has agreed to buy the car, the terms of the sale are shifted by lowering the value of the trade-in and requiring the purchase of expensive extra equipment. Now the car costs well above the current market rate. In this case, This is an example of the low ball procedure. The low-balling procedure can be regarded as lpersuasion tactic whereby the seller offer will give an initial offer of goods/ service at a lower price than the expected price, so that the buyer can commit, after the commitment from buyer, the price will be suddenly increased. This technique is famous among salesmen as well as advertisers.

5 0

3 years ago

In 2014, U.S. gross domestic product (GDP) was roughly $17.4 trillion. Given that the U.S. population was roughly 319 million pe

Anni [7]

Answer:

GDP per capta will be $54.5454

So option (a) will be correct option

Explanation:

We have given GDP of US in 2014 is roughly about $17.4 trillion

We know that 1 trillion = 1000 billion

So GDP of US = $17.4×1000 = $17400 million

Population of US in 2014 = 319 million

We have to find the GDP per capita

For finding GDP per capita we have to divide total GDP to number of peoples

So GDP per capita will be $=\frac{17400}{319}=$54.5454$

So option (a) will be the correct option

3 0

3 years ago

A decrease in notes payable ___ cash and an increase in accounts payable___ cash

A decrease in notes payable _ cash and an increase in accounts payable_ cash