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seropon [69]
4 years ago
10

Valley Spa purchased $8,000 in plumbing components from Tubman Co. Valley Spa signed a 60-day, 12% promissory note for $8,000. I

f the note is dishonored, but Tubman intends to continue collection efforts, what is the journal entry to record the dishonored note? (Use 360 days a year.)
Business
1 answer:
MrMuchimi4 years ago
8 0

Answer:A/R, IR, NR

Explanation: Journal entry to record Dishonored note are as follows

A/R- Debit your Account Receivable for the total of principle and interest owned.

IR - Credit the interest revenue account for the interest amount receivable.

NR- Credit the notes receivable account for the principle balance.

You might be interested in
Box office revenue at a multiplex cinema in paris is r(p) = 3600p − 6p3 euros per showing when the ticket price is p euros.
exis [7]
Part A:

Given that <span>Box office revenue at a multiplex cinema in paris is r(p) = 3600p - 6p^3 euros per showing when the ticket price is p euros.

When p = 9,

r(9) = 3600(9) - 6(9)^3 \\  \\ =32,400-6(729)=32,400-4,374 \\  \\ =\bold{28,026 \ euros}


Part B:

The linear approximation of the change in a function Δf(x) using a value, a, close to x is given by:

L(a+Δx)=(Δx)f'(a)

Given that </span><span>r(p) = 3600p - 6p^3, then r'(p) = 3600 - 12p^2

</span><span>Using a = 9, we have:

r'(9)=3600-12(9)^2 \\  \\ =3600-12(81)=3600-972 \\  \\ =2,628

Thus, If p is raised by 0.5 <span>euros, then

\Delta R=(\Delta p)f'(9) \\  \\ =0.5(2,628)=\bold{1,314 \ euros}



Part C:

</span></span><span>The linear approximation of the change in a function Δf(x) using a value, a, close to x is given by:

L(a+Δx)=(Δx)f'(a)

Given that </span><span>r(p) = 3600p - 6p^3, then r'(p) = 3600 - 12p^2

</span><span>Using a = 9, we have:

r'(9)=3600-12(9)^2 \\  \\ =3600-12(81)=3600-972 \\  \\ =2,628

Thus, If p is lowered by 0.5 <span>euros, then

\Delta R=(\Delta p)f'(9) \\  \\ =-0.5(2,628)=\bold{-1,314 \ euros}</span></span>

4 0
4 years ago
Hokey​ Min's Kleen Karpet cleaned 85 rugs in​ October, consuming the following​ resources:Labor: 525 hours at $17 per hourSolven
Viefleur [7K]

Answer:

(a) The Labor productivity per dollar​ = 0.0095 ​rugs/dollar.

(b) The Multifactor productivity​ = 0.0078 rugs/dollar.

Explanation:

Given information:

Number of rugs = 85

Labors: 525 hours at $17 per hour.

Total cost of labors = 525 × 17 = $8925

Solvent: 120 gallons at $8 per hour.

Total cost of solvent = 120 × 8 = $960

Machine Rental: 20 days at $50 per hour​.

Total rent = 20 × 50 = $1000

Total cost = Total cost of labors + Total cost of solvent + Total rent

Total cost = $8925 +$960 +$1000 =$10885

(a)

We need to find Labor productivity per dollar​.

\text{Labor productivity}=\frac{outpu t}{\text{Labor cost}}

\text{Labor productivity}=\frac{85}{8925}

\text{Labor productivity}=0.0095238

\text{Labor productivity}\approx 0.0095

Therefore the Labor productivity per dollar​ = 0.0095 ​rugs/dollar.

(b)

We need to find the Multifactor productivity.

\text{Multifactor productivity}=\frac{Outp ut}{\text{Total cost}}

\text{Multifactor productivity}=\frac{85}{10885}

\text{Multifactor productivity}=0.0078089

\text{Multifactor productivity}\approx 0.0078

Therefore the Multifactor productivity​ = 0.0078 rugs/dollar.

4 0
4 years ago
3:Leo's rent is due a few days before he expects to receive his paycheck from work. He takes out a
Lady_Fox [76]

Answer:

I think I think it will be 2:35 or 2:50

4 0
3 years ago
ABC common stock just paid a dividend of $2.50 per share. The ABC dividend is expected to grow 20% per year for two years, and t
Liula [17]

Answer and Explanation:

Given that the dividend will grow at 20% for two years and then a constant 6% at third year

1st year dividend at 20%= $3

Present value of the dividend for the first year=PV factor at 15%(from table) = $2.61

2nd year dividend at 20% = $3.60

Present value of the dividend for the second year = PV factor at 15%(from table) $2.72

3rd year dividend at 6% growth rate =

$42.40

Present value of the dividend for the third year = PV factor at 15% = $32.06

Current price of the stock =$2.61+$2.72+$32.06

=$37.39

6 0
4 years ago
If a firm has a $1,500,000 debt limit before AT kd will change and if taxes are 40% and total equity in the capital structure is
andrew-mc [135]

Answer:

$2,500,000

Explanation:

Break Point = Level of debt / Weight of debt

(100%-40%)

=60%

Hence:

= 1,500,000 / 60%

= $2,500,000

Therefore the debt breakpoint in the MCC schedule will be $2,500,000

6 0
3 years ago
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