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Romashka [77]
3 years ago
9

Notes receivable due in 390 days appear on the a.income statement as an expense b.balance sheet in the current liabilities secti

on c.balance sheet in the current assets section d.balance sheet in the noncurrent assets section
Business
1 answer:
N76 [4]3 years ago
4 0

Answer:

The correct answer is letter "D": balance sheet in the noncurrent assets section.

Explanation:

Notes receivable are promissory payment documents a company holds for goods or services that we already provided. Notes receivables represent assets for the company holding the notes. The part of the note receivable expected to be collected within one (1) year is recorded as a current asset on the Balance Sheet and the part that is supposed to be collected in more than one year is registered as noncurrent assets on the Balance Sheet.

Thus, <em>if a note receivable is due in 390 days it is registered as a noncurrent asset on the Balance Sheet.</em>

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Joanne is a member of a group that is developing a questionnaire as a group project in her sociology class. The leader of her gr
Scrat [10]

Answer:

Expressive leadership

Explanation:

The group leader is exhibiting expressive leadership style. Expressive leadership style is one of the most effective techniques which help to engage employees in a healthy informative discussion.  Effective leaders are also democratic leaders and that is why such are mostly successful in running a business and in leading employees.  Group harmony and communication are some priorities of expressive leaders. Moreover, such leaders make decisions by collaborating with every member of the team. Joanne must listen to those suggestions and try to implement them in her questionnaire.

7 0
3 years ago
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses
Mice21 [21]

Answer:

Total product cost= $169,000

Explanation:

<u>The product cost is calculated using the direct material, direct labor, and manufacturing overhead:</u>

<u></u>

Direct materials $ 79,000

Direct labor $ 40,000

Variable manufacturing overhead $ 19,000

Fixed manufacturing overhead 31,000

Total product cost= $169,000

7 0
3 years ago
g "If the unit sales price is $16, variable costs are $4 per unit and fixed costs are $14,000, how many units must be sold to ea
lutik1710 [3]

Answer:

14,500

Explanation:

Income = Total revenue - Total cost

Total cost = total Fixed cost + Total variable cost

total Fixed cost = $14,000

Total Variable costs = variable cost per unit x quantity = $4q

Total cost = $14,000 + $4q

Total revenue = price x quantity = $16q

$160,000 = = $16q - $14,000 - $4q

$174,000 = $12q

Q = 14,500

I hope my answer helps you

4 0
4 years ago
If the net present value of the payments at the time of the leases was 88% of the actual market price and the useful life of the
Aliun [14]

Answer:

A. True

Explanation:

Examples of situations that individually or in combination would normally lead to a lease being  classified as a finance lease are:

(a) the lease transfers ownership of the underlying asset to the lessee by the end of the lease  term;

(b) the lessee has the option to purchase the underlying asset at a price that is expected to be  sufficiently lower than the fair value at the date the option becomes exercisable for it to be  reasonably certain, at the inception date, that the option will be exercised;

(c) the lease term is for the major part of the economic life of the underlying asset even if title is  not transferred;

(d) at the inception date, the present value of the lease payments amounts to at least substantially  all of the fair value of the underlying asset; and

(e) the underlying asset is of such a specialised nature that only the lessee can use it without major  modifications.

Since at the time of lease the net present value of the payments is 88% of the actual market price and the useful life of the asset was 70% at the end of the lease term and also the title of asset shall not be transferred to lessee at the end of lease term, therefore the lease shall not be classify as finance lease and it shall be classified as operating lease so the answer is A. True

4 0
3 years ago
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Damm [24]

Answer:

What class it it for?

Explanation:

4 0
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