It really depends as to what they do and how long they do it for I would say it ranges person to person
Answer is Capital Budgeting
Reason
Evaluating and planning for long term investments and risk of future cash flows is capital budgeting.
Answer:
The journal entry is given as follows;
Explanation:
Accounts Receivable-Valley Spa Dr.$7,930
Interest Revenue (7,800*10%*2/12) Cr.$130
Notes Receivable Cr.$7,800
Answer:
Please see attached for the detailed solution.
Explanation:
a. Prepare Journal
b. Prepare statement
c. Prepare balance sheet
Please find attached solution to the above questions.