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Ksivusya [100]
3 years ago
15

Valley Designs issued a 90-day, 6% note for $60,000, dated April 22, to Bork Furniture Company on account. Assume 360 days in a

year when computing the interest. a. Determine the due date of the note. July 21 b. Determine the maturity value of the note.
Business
1 answer:
Olin [163]3 years ago
4 0

Answer:

a. 21 July

b. $30,900

Explanation:

a. The computation of due date of the note is shown below:-

= 8 + 31 + 30 + 21

= 21 July

b. The computation of maturity value of the note is shown below:-

Maturity value of the note = Principal + Interest

= $60,000 + ($60,000 × 6% × 90 ÷ 360)

= $30,000 + $450

= $30,900

Therefore we have applied the above formula.

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Highland Clothing purchased​ land, paying $ 92 comma 000 cash and signing a $ 300 comma 000 note payable. In​ addition, Highland
Tpy6a [65]

Answer:

The Journal entry is as follows:

Land A/c         Dr. $400,850

   To Cash A/c                               $100,850

   To Notes payable                      $300,000

(To record purchase of land with cash and notes payable)

Workings:

Purchase price of land = $392,000

Total cost of land:

= Purchase price of land + Property taxes + Title insurance + Removal of building

= $392,000 + $2,100 + $950 + $5,800

= $400,850

5 0
4 years ago
Laird's project group in his communication class selected the topic of improving services for nontraditional students on campus.
dsp73

What phase is this group experiencing? The group is experiencing the emergence phase. In the emergence phase what the group is doing and experiencing becomes noticeable to those around them. The emergence stage is the longest stage of the four Fisher model, though the answers are still slightly uncertain, answers start to become clear.

3 0
3 years ago
Olivia is ordering trendy necklaces and earrings made with semi-precious stones from a supplier in Belize, for her city boutique
PtichkaEL [24]

Answer:

<u>b. False</u>

<u>Explanation:</u>

<em>Remember, </em>the term social responsibility in this context refers to an individual doing what would benefit society first, over any gain he may derive if he does otherwise.

For example, we are told that there is "low paying wages in Belize," which means low worker welfare, thus, even if no labor laws were been broken in his country, Olivia has a social responsibility to pay fair prices for the necklaces and earrings.

5 0
4 years ago
Stretch goals expect group members to _____.
rewona [7]

Answer:

The answer is work outside their own comfort group as they attempt to understand others’ perspectives.

Explanation:

Stretch goals tend to be a form of job enrichment, where individuals are challenged to perform better than their most recent performance achievement. In the context of group assignment, individuals are challenged to try things outside of their comfort zone. Stretch goals aren’t related to actual physical exercise, thus making answer (B) wrong, and automatically disqualifying answer (D). Nor does it require members to (A) take a break in order to avoid topic-fatigue.  

4 0
3 years ago
The U.S. experience of strong economic growth, full employment, and price stability in the late 1990s and early 2000s can be exp
vodomira [7]

Answer:

b. rightward shift of aggregate demand and a leftward shift of aggregate supply.

Explanation:

The U.S. experience of strong economic growth, full employment, and price stability in the late 1990s and early 2000s can be explained by a rightward shift of aggregate demand and a leftward shift of aggregate supply.

The rightward shift of aggregate demand is as a result of strong economic growth and price stability.

8 0
3 years ago
Read 2 more answers
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