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Ulleksa [173]
3 years ago
5

The face value of a note refers to the amount borrowed plus interest received at maturity from the maker. that can be received i

f sold to a factor. at which the note receivable is recorded. remaining after a service charge has been deducted.
Business
1 answer:
inysia [295]3 years ago
7 0
<span>The correct answer would be the first selection: face value, or par value, simply refers to the amount of the note that will be received at the maturity date plus the interest owed. The face value of the note is not realized, however, until the full maturity period has elapsed: a penalty applies if the note is redeemed at an earlier date.</span>
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Why is it important to review your personal information for accuracy when you receive an invoice?
Sav [38]

When you receive an invoice, it is important to review your personal information for accuracy, the reason behind this is to ensure that the invoice is going to sent you and it is related to you. To make sure that the information you sent or saved is related to you and is reliable, this is done by reviewing your personal information.
8 0
3 years ago
3. If a balance sheet were prepared for Pala Medical Co. on June 30, 20Y1, what amount should be reported as cash?
Andru [333]

Complete Question:

The cash account for Pala Medical Co. at June 30, 20Y1, indicated a balance of $166,436. The bank statement indicated a balance of $195,688 on June 30, 20Y1. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items:

a.  Checks outstanding totaled $19,427.

b.  A deposit of $12,300, representing receipts of June 30, had been made too late to appear on the bank statement.

c.  The bank collected $26,500 on a $25,000 note, including interest of $1,500.

d.  A check for $4,000 returned with the statement had been incorrectly recorded by Pala Medical Co. as $400. The check was for the payment of an obligation to Skyline Supply Co. for a purchase on account.

e.  A check drawn for $195 had been erroneously charged by the bank as $915.

f.  Bank service charges for June amounted to $55.

Answer:

Pala Medical Co.

Cash amount in the balance sheet = $189,281

Explanation:

a) Calculations:

Adjusted Cash balance at June 30, 20Y1

Cash balance                      $166,436

c) Note received by bank      25,000

c) Interest on the note             1,500

d) Returned check                 (3,600)

e) Bank charges                         (55)

Adjusted cash balance     $189,281

b) Balance as per bank statement = $195,688

a.  Checks outstanding totaled           ($19,427)

b.  A deposit of                                     $12,300

e. Overstated cheque                               720

Adjusted bank statement balance   $189,281

c) Preparing a bank reconciliation helps to identify discrepancies between the cash book balance of Pala Medical Co and the company's bank statement balance.  After the necessary adjustments, the two balances always agree and the adjusted figure is taken to the balance sheet.

4 0
3 years ago
Colin has just received a delivery from the company's distribution center. He opens the containers and finds the popcorn and sna
gulaghasi [49]

Answer:

Floor ready shipment

Explanation:

Floor ready shipment is the one which is already pre tagged and pre ticketed with all the details which is necessary for the retail store before it reach to the store.

In this case, Colin receive delivery and when open the containers he finds that the items are priced and packaged. So, it is a floor ready shipment.

3 0
3 years ago
In an open economy, gross domestic product equals $2,450 billion, consumption expenditure equals $1,390 billion, government expe
N76 [4]

Answer:

$735 billion

Explanation:

Calculation to determine the national saving

Using this formula

National saving =Gross domestic product-Consumption expenditure-Government expenditure

Let plug in the formula

National saving=$2,450 billion-$1,390 billion- $325 billion

National saving=$735 billion

Therefore the national saving is $735 billion

7 0
3 years ago
Roughly what percent of japan is mountainous? select one:
aivan3 [116]
Its D because 73% of Japan is covered by mountains
5 0
3 years ago
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