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
il63 [147K]
3 years ago
8

Which of the following statements about a note receivable is true?

Business
1 answer:
Viefleur [7K]3 years ago
7 0

Answer: The correct answer is "D".

Explanation: The TRUE statement abaout a note receivable is "D", it can be transferred to another party by endorsement.

Note Receivables are created when customers sign documents known as promises of payment and agree to pay the face value of the document, along with interest, on a given date.

These can only be transferred to another person through the endorsement.

You might be interested in
A "Name That Tune" contest has a grand prize of $500,000. However, the contest stipulates that the winner will receive just $200
Alexxx [7]

Answer:

The correct answer is (C) $401,302

Explanation:

To get how much the contest winner actually won, we have to calculate the amount receive at the end of each year discounted at this moment. Then,  we added  all the payments.  

For example, the first payment in  $200,000 at this moment,  so we add  $200,000.  

At the end of the first year we receive $30,000, and the rate of discount is 8%

The formula of discount is P=A/ (1+r)ⁿ

A=Final amount  

P= Principal

r= interest rate

n= time

Year 1 = A/ (1+r)ⁿ =$30,000/1,08¹= 27777,77

Year 2 =$30,000/1,08²= 25720,16

Year 3=23814,96

Year 4=22050,89

Year 5=20417,49

Year 6=18905,08

Year 7=17504,71

Year 8=16208,06

Year 9=15007,46

Year 10=13895,80

 

Total  401302,44

3 0
3 years ago
During the month of June, Telecom Inc. had cost of goods manufactured of $112,000, direct materials cost of $52,000, direct labo
olchik [2.2K]

Answer:

Beginning work in process= $7000

Explanation:

Giving the following information:

Cost of goods manufactured by $112,000.

Direct materials cost of $52,000

Direct labor cost of $37,000.

Overhead cost of $26,000.

The work in process balance at June 30 equaled $10,000

Work in process on June 1?

Cost of goods sold= Beginning work in process + direct material + direct labor + manufacturing overhead - ending work in process

112000= ? + 52000 + 37000 + 26000 - 10000

Beginning work in process= 112000 - 52000 - 37000 - 26000 + 10000= $7000

7 0
3 years ago
Downtown Coffee Roasters is a premium cafe that is reputed for its superior customer service. The coffee shop also serves gourme
77julia77 [94]

Answer:

D.  C

Explanation:

As Downtown Coffee Roasters is a premium cafe which is reputed for its superior customer service. The coffee shop also serves gourmet food to its customers, which allows it to charge a premium price. Whereas, Budget Beans is a chain of coffee shops that charges the lowest price in the industry due to its self-service policy. However, Perky's Coffee Inc. has found a balance between these two strategic groups by using automated ordering to free up its employees to work as master baristas and bakers, thus focusing on creating excellent products. It charges a price slightly above that of Budget Beans. In this scenario, Perky's Coffee is following a  blue ocean strategy. In blue ocean strategy, organizations pursuit differentiation and low cost at the same time simultaneously which Perky's Coffee Inc. is doing here in this case. Perky's has created a totally new demand by following this strategy quite successfully and has made the competition totally and almost irrelevant.

8 0
3 years ago
Peter, the owner of Happy Burger, is involved in the company's daily decisions and has established procedures for every task. Th
ohaa [14]

Answer:

mechanistic

Explanation:

Mechanistic organization is the organization that is hierarchical and bureaucratic

It is characterized by its;

  1.  Highly centralized authority.
  2. Formalized procedures and practices.
  3. Specialized functions.

Mechanistic organizations work well in stable, simple environments. Managers integrate the activities of clearly defined departments through formal channels and in formal meetings. Often, they feature many hierarchical layers and a focus on reporting relationships.

6 0
3 years ago
Dave has $100,000 to invest in 10 mutual fund alternatives with the following restrictions. For diversification, no more than $2
Over [174]

Answer:

Check the explanation

Explanation:

Let the binary variables be: x1,x2,x3.....x10. If x1=0, no amount is invested in fund 1 and if it is 1 it means that an amount is invested. Let y1,y2.....y 10 be the variables for the amount invested.

Kindly check the first attached image for the table.

The objective is to maximize the return. Hence our objective function is: 6.7%*y1+7.65%*y2+7.55%*y3+7.45%*y4+7.5%*y5+6.45%*y6+7.05%*y7+6.9%*y8+5.2%*y9+5.9%*y10. This has to be maximized.

Constraints:

(i) y1,y2.....y10<=25,000 (no more than $25,000 can be invested in any one fund)

(ii) If x1=1, y1>=10,000, 0. This what if formula will be applicable for all the variables. (If a fund is chosen for investment, then at least $10,000 will be invested in it).

(iii) x1+x2+x3+x4<=2 (No more than two of the funds can be pure growth funds)

(iv) y9+y10>=y1+y2+y3+y4 (at least as much as the amount invested in pure amount invested in pure bond funds must be at least as much as the amount invested in pure growth funds)

(v) all x's are binary and all y's>=0. (vi) y1+y2+y3+y4....y10 = 100,000 (amount to be invested)

Solving in excel using the solver function the following solution is obtained:

Kindly check the second attached image for the table.

Thus the maximum return = $7056.25

Amount invested in different funds are:

Kindly check the Third attached image for the table.

4 0
3 years ago
Other questions:
  • You just received a raise at work and consider meat a normal good. This means that your demand for meat will _____.
    15·1 answer
  • British Textile Manufacturer entered into a contract with Cotton Broker for 2,000 bales of cotton to be shipped from India to En
    7·1 answer
  • Compute the future value in year 9 of a $2,000 deposit in year 1, and another $1,500 deposit at the end of year 3 using a 10 per
    9·1 answer
  • HOW PERFECTLY COMPETITIVE FIRMS MAKE OUTPUT DECISIONS?
    5·1 answer
  • The Dlabay Company had a quick ratio of 1.4, a current ratio of 2.75, an inventory turnover of 6 times, total current assets of
    15·1 answer
  • What do I put at the end of a brochure
    12·2 answers
  • If the supply of dollars in the market for foreign-currency exchange shifts left, then the a. rises and the quantity of dollars
    5·1 answer
  • A client of yours has heard about private equity investing from some wealthy friends and asks you, the registered representative
    12·1 answer
  • Any christian guys wanna be friends?
    13·2 answers
  • Do you think there are different ethical standers for healthcare app and gaming app
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!