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2 years ago

On june 8, smith technologies issued a $75,000, 6%, 140-day note payable to johnson company. what is the due date of the note?

2 answers:

7 0

I think it would be October 25th for the due date of the note if June 8th is included in the 140 days. There are 23 days in June, 31 days in both July and August (in 2017) and 30 days in September plus 25 days in October = 23+31+31+30+25 = 140 days.

Nina [5.8K]2 years ago

4 0

Given that the 140-day note is payable to Johnson company within 140 days. The due date will be as follows;
June 8th to June= 23 days
July 1st to July 31st =31 days
August 1st to August 31= 31 days
September 1st to September 30= 30 days
summing up the above dates we get:
23+31+31+30=115
140-115=25
The return date will be:
October 25th

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vladimir1956 [14]

Answer:

see below

Explanation:

A firm may either opt to shutdown or declare bankruptcy if its making losses. A shutdown will involve ceasing operations and disposing of assets to pay creditors. Declaring bankruptcy shields the business from debt obligations or seizing of assets by its creditors.

Many businesses opt to declare bankruptcy because shutting down is costly. Except for properties, other assets are likely to be liquidated at costs below their book value. With the burden of debts shelved for some time, a business has a chance of bouncing back to profitability. A loss-making firm whose price is above the average variable cost should continue operating.

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3 years ago

Rydell Inc. is evaluating a proposed capital budgeting project that will require an initial investment of $168,000. The project

Inessa [10]

Answer:

-$15,315.21

Reject the project

Explanation:

The net present value is the present value of after tax cash flows from an investment less the amount invested.

The NPV can be found using a financial calculator.

Cash flow in year zero = -168,000

Cash flow in year 1 = $44,800

Cash flow in Year 2 = $51,700

Cash flow in Year 3 = $48,600

Cash flow in Year 4 = $47,900

Interest rate = 10%

NPV = $-15,315.21

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

The decision rule with NPV is to accept the project if the npv is positive. Since the NPV calculated above is negative, the project should be rejected.

I hope my answer helps you

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3 years ago

comparing vendor invoices to inventory prices, obtaining lower of cost or market data and recalculating deprecation schedules re

Lerok [7]

Comparing seller invoices to stock fees, obtaining decreased price or market facts, and recalculating deprecation schedules relate to the assertion: of valuation and allocation.

Definition of assertion: the act of affirming or something this is asserted: consisting of. a: insistent and superb in asserting, keeping, or defending (as of a proper or attribute) an announcement of ownership/innocence. b : an announcement that something is the case He provided no proof to help his assertions.

An instance of someone making a declaration is a person who stands up boldly in a meeting with a factor in opposition to the presenter, despite having valid proof to guide his statement. An example of an announcement become that of ancient scientists that stated the arena changed into a flat.

An assertive sentence is a sentence that states a fact. Such sentences are easy statements. The nation asserts or declares something. they are additionally referred to as declarative sentences. Assertive sentences typically give up with a length or complete prevent.

Learn more about assertion here: brainly.com/question/26115325

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1 year ago

If,at the current level of output, a firm's average cost is greater than its marginal cost, then:

nata0808 [166]

e)average fixed cost must be constant

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3 years ago

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Thus, from the above we can conclude that the correct answer is balance sheet.

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3 years ago