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AVprozaik [17]
3 years ago
5

On April 1, Wildhorse Company borrows $120,000 from West Bank by signing a 6-month, 6%, interest-bearing note. Prepare the neces

sary entries below associated with the note payable on the books of Wildhorse Company. (a) Prepare the entry on April 1 when the note was issued. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Business
1 answer:
DENIUS [597]3 years ago
8 0

Answer:

Cash Dr $120,000

   To Note payable $120,000

(Being the issued of note payable is recorded)

Explanation:

The journal entry is shown below:

On April 1

Cash Dr $120,000

   To Note payable $120,000

(Being the issued of note payable is recorded)

For recording this entry we debited the cash as it increased the cash balance and at the same time it also increased the liabilities so liabilities is also increased so that the issuance of the note payable could be recorded

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How do trade agreements of international organizations affect trade? by incentivizing the development of trade policies by elimi
kupik [55]

Any contractual arrangement between governments addressing their trading interactions is referred to as a trade agreement. Trade treaties can be bilateral or multilateral, that is, among two or more states.

<h3>Why are trade agreements important?</h3>

Countries engage in international trade because there are financial benefits to be had. These benefits include expanded product diversity, cheaper pricing, superior quality, enhanced technological spread, and increased consumption by the country as a whole. Increased trade openness has been associated with higher GDP growth.

Thus Option C is correct about the trade agreement.

For more information about the Trade agreement refer to the link:

brainly.com/question/1550074

7 0
2 years ago
Certain closing costs will be prorated to account for the period of time during which the seller occupied the house. If a transa
tankabanditka [31]

Answer:

Option (a) $372.60

Explanation:

Data provided in the question:

Number of days during which the seller occupied the house = 136 days

Estimated cost for the entire year = $1,000

Now,

The period of time during which the seller occupied the house in years

= Number of days during which the seller occupied the house ÷ Total number of days in a year

= 136 ÷ 365

= 0.37260

Therefore,

The amount that the buyer will be credited = 0.37260 × $1,000

= $372.60

5 0
3 years ago
MCMC just paid a dividend of $4.10 and is expected to increase the future dividends at a rate of 4% per year indefinitely. If th
miss Akunina [59]

Answer:

d.) 14.66%

Explanation:

The computation of the return required by shareholders is shown below:

Current share price = Next year dividend ÷ (Required rate of return - growth rate)

where,  

Next year dividend would be

= $4.10 + $4.10 × 0.04

= $4.10 + 0.164

= $4.264

So, the return required by shareholders

$40 = $4.264 ÷ (Required rate of return - 4%)

After solving this equation,

The required rate of return is 14.66%

4 0
3 years ago
Stan, a salesperson for Trucks &amp; Autos, promises Uri a certain car will give him a "smooth ride." Stan offers a test drive,
3241004551 [841]

Answer:

C, none of the choices

Explanation:

from the qeustion, it can be seen that Uri was offered a test ride of the car but he clearly refused. For him to have bought that car without a test drive and later realise the car has a faulty suspenion, he cannot rescind the contract on any of the bases because if he had agreed to the test drive, he would have found out about the faukty suspension and woudn't have bought that car.

It is clearly Uri's fault that he ended up with a car that has a faulty susppension. this isn't a case of fraud or mistake on the part of Stan, neither did Stan unduely influence him to buy the car according to the question.

Cheers.

4 0
3 years ago
You are trying to determine the appropriate price to pay for a share of common stock. if you purchase this stock, you plan to ho
IRISSAK [1]
Here are my workings:
The answer would be= 1250/11 OR 113.6363636


I hope it helped you!

8 0
3 years ago
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