1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
garik1379 [7]
4 years ago
6

At December 31 of the current year, Cart Company has a $16,000 Notes Receivable from a customer. Interest of 5% has accrued for

9 months on the note. What will be reported on the Balance Sheet?
Business
1 answer:
lyudmila [28]4 years ago
6 0

Answer: $23,200 as total current asset for the period

Explanation:

Note Receivable has a value $16,000

Interest on Note = 5%

Accrued for 9 months

Yearly Interest accrued = 16,000*5%*12= 9,600

Interest for 9 months = 9600/12*9 = 7,200

Balance sheet Extract

Other Income

Int Accrued on Note Receivable      $7,200

Current Asset

Note Receivable                                $16,000

Int Accrued on Note Receivable      $7,200

Total Current Asset                            $23,200

You might be interested in
As a sole proprietor, what are the ways in which you can raise money to establish your business, and make it grow?
kolezko [41]

Answer:

Take out a small business loan.

Explanation:

A small loan is a way, based on your credit, to establish a way to raise money.

3 0
3 years ago
Which of the following data is used to determine credit scores?
notsponge [240]
"The length of stay at your current residence" is the one among the following choices given in the question that is the data <span>used to determine credit scores. The correct option among all the options that are given in the question is the second option or the penultimate option. I hope the answer comes to your help.</span>
5 0
3 years ago
Read 2 more answers
Indicate how much money will be paid to the creditor associated with each debt.
riadik2000 [5.3K]
There is not enough information to have a significant answer
3 0
3 years ago
What restriction did the US government place on advertising in 1997?
12345 [234]

Answer:

The answer should be D, a ban of deceptive advertisements.

Explanation:

In the 90s the government cracked down on deceptive advertising more than ever and more laws on the matter were added. The only other option that was actually ever banned was A, none of the other choices were ever banned. The ban on tobacco happened in the 70s under Nixon, that makes D the only possible answer. Hope this helps! :)

3 0
3 years ago
Which characteristics should a nurse focus on to become an effective transformational leader?
meriva

Effective communication is a critical component of successful transformational leadership in nursing.

Open, sincere communication is necessary for personnel to understand their responsibilities and the objectives they are working toward. A nurse leader's commitment to others, including the staff, families, and patients, demonstrates to others that she or he is not only in a leadership position for personal gain but also for the benefit of those being led.

These leaders empower people to share a common vision and objective for the organization rather than using their position of authority to enforce change.

To know more about communication, click here:-

brainly.com/question/22558440

#SPJ4

6 0
2 years ago
Other questions:
  • Standard Olive Company of California has a $1,000 par value convertible bond outstanding with a coupon rate of 8 percent and a m
    15·1 answer
  • What is a tort? A. A breach of contract B. A legally-binding contract between two parties that includes consideration C. An agen
    6·1 answer
  • What recommendation(s) do you have for Alikay Naturals to improve or replace Moisturizing Black Soap Shampoo?
    6·1 answer
  • How does the rotating membership of the FOMC work
    15·2 answers
  • A good system of internal controls requires that the physical custody of assets be separated from the accounting for those asset
    8·1 answer
  • Consider an oligopoly industry whose firms have identical demand and cost conditions. If the firms decide to collude, then they
    7·1 answer
  • Ted and Lisa are selling their home and have signed a listing agreement. Client or customer? Steven visits Ted and Lisa's open h
    6·1 answer
  • There are three different types of slings. What determines which type you use? Select all that apply.
    5·2 answers
  • Jamal and Keisha each earn money by washing cars and mowing lawns.
    5·2 answers
  • What is the proper balance between dealing with negative externalities through government regulation or through torts?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!