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jeka94
3 years ago
14

Moss County Bank agrees to lend the Ivanhoe Company $365000 on January 1. Ivanhoe Company signs a $365000, 6%, 9-month note. The

entry made by Ivanhoe Company on January 1 to record the proceeds and issuance of the note is
Business
1 answer:
REY [17]3 years ago
6 0

Answer:

Ivanhoe Company on January 1 would record the proceeds and issuance of the note as follows:

Debit Cash $365,000

Credit Notes payable $365,000

<em>(To recognize notes payable to Moss County Bank)</em>

Explanation:

Note payable is a promissory note with a written promise made by the borrower to the lender (payee) to pay a certain, definite sum at a specified date.

Interest expense on the notes is calculated as: Principal x Interest Rate x Time

In this case, the total interest expense to Ivanhoe Company is $365,000 x 6%/12 x 9 months = $16,425.

Monthly interest expense to the Company over the 9-month period is therefore $16,425 / 9 months = $1,825.

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That make them with out coca beans
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The school board is trying to evaluate a new math program introduced to second-graders in five elementary schools across the cou
Komok [63]

Answer:

a) The chart tell us that all the point are between the upper and lower control limits, so the process is under control.

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Explanation:

In order to draw a C chart we should calculate the  average test errors and the control limits of the chart

The average test errors is = (52+27+35+44+55)/5= 42.6 = c

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Then, the Upper and lower control limits are:

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(the graphic is attached)

As we can see, al the test error values are between the control limits, so the program is undercontrol

Download xlsx
6 0
3 years ago
Stephen Battista argues that public relations should help Under Armour convince customers that the company has a new kind of spo
Leno4ka [110]

Answer:

The correct answer is the option: Public.

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To begin with, the term of <em>"Public Relations" </em>refers to the instrument that the marketing managers have in order to establish better relationships with agents that are outside the company with the primary focus of increasing those relations that will eventually increase the company's public image. Moreover, one the variables that changes when the company decides to use this type of strategy is the fact that the target audience or market changes to be the public in general and that is why that the company forgets about their customers and focus on the public as a whole.

4 0
3 years ago
The following information relates to the manufacturing operations of the JNR Printing Company for the year: Beginning Ending Raw
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                                           Beginning         Ending

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Raw materials used in manufacturing during the year = $116,000

Raw materials purchased during the year:

= Ending Raw materials + Raw materials used  - beginning raw material

= $ 58,000 + $116,000 - $ 55,000

= $119,000

7 0
3 years ago
Which of the following statements would qualify as a sedentary job?
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4 0
3 years ago
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