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zavuch27 [327]
2 years ago
6

A formal credit arrangement between a creditor and debtor is called a(n):_____.

Business
1 answer:
jek_recluse [69]2 years ago
3 0

The correct option is (c) note receivable

A formal credit arrangement between a creditor and debtor is called note receivable.

<h3>What receivable means?</h3>

Receivables, sometimes referred to as accounts receivable, are sums of money owing to a business by its clients for products or services that have already been provided or utilized but have not yet been paid for.

<h3>Is note receivable a debit or credit?</h3>

debit

Notes receivable typically have a debit balance. Debits increase notes receivable and credits decrease them, just like with other assets.

<h3>What type of account is notes receivable?</h3>

The value that a company is owed in promissory notes is recorded as notes receivable, which makes them an asset.

To learn more about note receivable visit:

brainly.com/question/13741240

#SPJ4

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Arlecino [84]

Answer:

No, the tax treatment will not be same.

All the amounts received by Billy, are during the course of business, and are related to the damages caused to business, and to him personally, and under tax these all amounts are tax free:

Amount received for personal injury of $100,000 is tax free as is related to expense of his personal recovery.

The amount of $50,000 and $15,000 though received from different sources but is for the same purpose of loss of income and destruction caused to business.

Whereas, amber is an employee, she is not the owner and therefore, all of the benefits received from her workplace are taxable.

As the policy was purchased by the employer and therefore, any amount received from such policy by amber will be taxable as a perquisite received from employer.

6 0
4 years ago
Maurice Corporation has two major business segments; Philippe and Chip. In April, the Philippe business segment had sales revenu
kati45 [8]

Answer:

b.) $140,000

Explanation:

The computation of the segment margin is shown below:

Sales Revenue                                                 $500,000

Less: Variable Expenses                                 ($280,000)

Contribution Margin                                        $220,000

Less: Traceable fixed Expenses                     ($80,000)

Segment margin                                             $140,000

By deducting the variable expense from the sales we can get the contribution margin and after that the fixed cost is deducted from the contribution margin so that the segment margin could come

3 0
3 years ago
Where did sherman march to sea begin and end?
Grace [21]
The Sherman's March to Sea, also known as the <span>Savannah Campaign, began just outside of Atlanta after his troops won and took over the city. It ended when he reached and conquered Port Savannah on December 21st. It was led all over Georgia and is considered to be a victory for the Union because it disrupted Confederate forces and communication.</span>
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4 years ago
All of the following statements about global marketing are true EXCEPT:
Lana71 [14]

Answer:D

Explanation: Can not always. A fact is evidence.

7 0
3 years ago
When Dr. Putt invented his Eye-Over-the-Ball (EOB) golf putting device, he knew during the introductory stage:
Alchen [17]

Answer:

D) sales would be low, profits non-existent, and he would attract golf equipment innovators.

Explanation:

Generally during the introductory stage of a product or service;

  1. the sales are usually low since not a lot of customers know or trust you product or service,
  2. due to low sales and high costs, profits are usually very small or non-existent,
  3. many times innovators are the first ones to try your product, specially in a very conservative market, like golf equipment and related products.

7 0
4 years ago
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