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Nonamiya [84]
3 years ago
6

Brooke Company grants James Decorating additional time to pay its past-due account. James makes a written promise to pay Brooke

the amount on a certain date. James records this transaction by debiting
a. Notes Receivable and crediting Accounts Receivable.
b. Cash and crediting Accounts Receivable.
c. Accounts Receivable and crediting Notes Receivable.
d. Accounts Payable and crediting Notes Payable.
Business
2 answers:
skad [1K]3 years ago
8 0
He will be paying out a debt so the answer is D.
Svetradugi [14.3K]3 years ago
5 0

Answer:

d. Accounts Payable and crediting Notes Payable.

Explanation:

When James incurred the cost, a payable would have been recorded in his books by debiting asset/expense and crediting accounts payable since cash was not paid.

On issuance of the written promise, James would reclassify the amount from accounts payable to notes payable by debiting Accounts Payable and crediting Notes Payable.

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Which is an example of a person who is ambitious?
DerKrebs [107]

Answer:C. someone who is content to accept whatever comes their way

Explanation:

It's because the definition is perfectly helptful.having or showing a strong desire and determination to succeed.

6 0
3 years ago
David Ortiz Motors has a target capital structure of 40% debt and 60% equity. The yield to maturity on the company's outstanding
Marrrta [24]

Answer:

Cost of equity = 14.43%

Explanation:

Weigheted Average cost of capital is computed using the formula below:

WACC = (Wd×Kd)  + (We×Ke)

           Kd= aftre tax cost of debt= 12%× (1-0.4)= 7.2%

           Wd =Proportion of debt= 40%

           We = proportion of equity = 60%

            Ke= cost of equity.

let the cost of equity be "y"

WACC = 11.54

11.54 = (40%× 7.2%) + (60% × y)

0.1154  = 0.0288 + 0.6y

0.1154 - 0.0288 = 0.6y

y =(0.1154 - 0.0288)/0.6

y = 0.1443 × 100

y =14.43%

Cost of equity = 14.43%

         

8 0
3 years ago
Currently the U.S. Olympic Committee (USOC) pays Olympic athletes $25,000 for each gold medal, $15,000 for a silver medal, and $
Mkey [24]

Answer:

Option A                  

Explanation:

In simple words, Valence is individuals mental attitude towards result in second order. In this situation, the consequence of the first requirement is title earning and the consequence of that same second order is really the monetary support the competitors receive from either the USOC. Motivational Force (MF) = Survival rate * Instrumentality * Valence as according to Vroom's expectation principle.

7 0
3 years ago
________ may help to lower counterproductive work behaviors within groups.
Bumek [7]

Answer:

The correct answer is letter "C": Citizenship behaviors.

Explanation:

Citizenship behaviors are practices inherent from workers that are not necessarily part of the reason why they are hired but that promote a safe environment within the work field. Citizenship behaviors include <em>avoiding unnecessary conflicts at work, volunteering for overtime, </em>or <em>simply helping co-workers in their duties</em>.

7 0
3 years ago
Lahdekorpi OY, a Finnish corporation, owns 100 percent of Three- O Company, a subsidiary incorporated in the United States. Requ
RUDIKE [14]

Answer:

Lahdekorpi OY, a Finnish corporation and Three-O Company, a subsidiary incorporated in the United States

Transfer Pricing:

a) The best transfer pricing method in this case is the cost plus method.  This gives the transfer price as Cost + 50%.

b) The appropriate transfer price should be $3 ($2 x 1.5).

Explanation:

Transfer pricing arises when controlled entities set prices for exchange of goods and services.  When Lahdekorpi OY, a Finnish corporation, sells wooden puzzles to Three-O Company, given their relationship, transfer pricing has arisen.  It is the assignment of cost for goods and services exchanged between related parties, like a parent and a subsidiary.

There are many Transfer Pricing methods which entities and the taxing authorities can use to determine the best transfer price.  According to the Organisation for Economic Co-operation and Development (OECD) Multinational Entities and tax authorities can use any of these five main transfer pricing methods:

a) Comparable uncontrolled price (CUP) method. The CUP method is grouped by the OECD as a traditional transaction method (as opposed to a transactional profit method)

b) Resale price method

c) Cost plus method

d) Transactional net margin method (TNMM)

e) Transactional profit split method.

7 0
3 years ago
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