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Ulleksa [173]
3 years ago
6

On November 19, Nicholson Company receives a $24,600, 60-day, 10% note from a customer as payment on account. What adjusting ent

ry should be made on the December 31 year-end? (Use 360 days a year.)
Business
1 answer:
dem82 [27]3 years ago
3 0

Answer:

Explanation:

The adjusting entry is shown below:

Interest expense A/c Dr $287

            To Interest payable A/c $287

(Being accrued interest adjusted)

The computation is shown below:

Principal × rate of interest × number of days ÷ (total number of days in a year)  

= $24,600 × 10% × (42 days ÷ 360 days)

= $287

( 11 days in November + 31 Days in December)

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The accompanying graphs depict the market for bags of potato chips, which is currently at an equilibrium price of $1.67 per bag
Sergeeva-Olga [200]

Answer:

Equilibrium is the point of the interaction between the demand and supply curves.

The given graph given from the question is attached below (Image 1-2)

The solution is attached in image 3-4

6 0
3 years ago
Customers are likely to be less price sensitive when:A. it is easy to compare prices.B. someone else pays the bill.C. the total
My name is Ann [436]

Answer:

Letter E is correct. <em>Their share of the cost is hig</em>h.

Explanation:

Price sensitivity is characterized by consumer behavior in relation to the price of a product or service.

The degree of price sensitivity can be measured using the price elasticity of demand, which is the study of the percentage change in the amount of demand for a good or service divided by the percentage change in price.

Some variables may affect consumer behavior, price sensitivity may be higher when there are many substitute products and lower when the consumer values ​​a higher quality good and <u>when its profitability is higher compared to the total cost of the product. </u>

3 0
3 years ago
To record a customer's check in full payment for a sale that was made the prior month, the company should debit the ____________
bearhunter [10]

To record a customer's check in full payment for a sale that was made the prior month, the company should debit the payable cash account.

<h3>Payable cash account</h3>

Based on the information given the appropriate journal entry to record a customer's check in full payment for a sale is:

Journal entry

Debit Payable Cash account

Credit Sales accounts

(To record customer's check in full payment)

Inconclusion to record a customer's check in full payment for a sale that was made the prior month, the company should debit the payable cash account.

Learn more about payable cash account here:brainly.com/question/4656883

6 0
2 years ago
What is the net present value of a project with the following cash flows if the required rate of return is 9 percent?
inna [77]
<span>Year Cash Flow
0 -$46,400 
1 18,000 
2 33,530 
3 4,600</span>

<span>NPV = -$46,400 + $18,000 / (1 + 0.09) + $33,530 / (1 + 0.09)2 + $4,600 / (1 + 0.09)3 = 

</span><span>-$1,574.41</span>

7 0
3 years ago
the stock of abc company has a dividend yield of 4%. the corporation has paid a dividend of $3.00 a share over the last 12 month
Nana76 [90]

Here ,Dividend yield = 4%

Earnings per share = 3

Dividend yield is calculated as follows

Dividend yield = Dividend per share / Current market price

4% = 3 / Current market price

Current market price =  34% = 75

Consequently, the current market price per share is $75

<h3>What is meant by the current market? How can I find the most recent market price?</h3>

Current Market refers to the Principal Market, as of any date of determination, on which the Parent's shares of common stock are then listed, traded, and quoted.

Check the P/E ratio and earnings per share in the company's annual report for the accounting period to get an idea of the market price for that particular date. For instance, if the P/E ratio is 20 and the company reported EPS of 7.50, the expected market price comes out to 150 per share.

To learn more about market price visit:

brainly.com/question/24179422

#SPJ4

4 0
2 years ago
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