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Alinara [238K]
2 years ago
8

A promissory note

Business
1 answer:
Sloan [31]2 years ago
8 0

Answer: c. may be used to settle an accounts receivable.

Explanation: A promissory note is defined as a financial instrument that contains a written promise by the note issuer or maker to pay the note payee a definite sum of money at a specific future date or on demand and  may be used to settle an accounts receivable (the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers and are listed on the balance sheet as a current asset). They are commonly used in businesses as a form of short term financing as they can be exchanged for cash at a future time when account receivables have been collected.

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The most desirable bundle of rights in time-sharing gives the buyer privileges to rent or sell the interest in the property. the
ratelena [41]

These rights are known as property rights. Property rights allow a person to do what they want with their property, within regulation. These are included in the bundle of rights a time-share buyer has because they are allowed to use, sell, or rent their time-share.

5 0
3 years ago
Why are we forced to make choices in day-to-day life? we are forced to make choices in day-to-day life because of resources.
rewona [7]
We are forced to make choices in our day to day life because our resources are limited.

An example of this limited resources is our financial resources, we need to work to earn money to buy our necessities to live a comfortable life. Simply put, no work no pay. No pay, no food. No food, no life. So, no choice but work.
6 0
3 years ago
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I'll give you brainiest please help me.
mars1129 [50]
Being involved in extracurricular activities can help you stand out on your college applications because it shows that you are skilled in more than 1 thing. Depending on the extracurricular you’re taking, you could be very good at strategic and critical thinking. This could be helpful in your future. Colleges do what the best of the best. Being involved in extracurricular activities also can show that you can take on more than 1 task. A lot of people can’t multitask or have a short attention span. This could be really good.


2. If I could create my own club or organization it would be one that explores individuals talents. Not a lot of people are sure what they want to be when they get older and I’d like to help them with that. Not any skills to be exact. The requirements would be to be serious about this, having manners, self-control, bring able to know what to respond to and what not, getting help instead of taking things into their own hands, and good listening.

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6 0
2 years ago
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Suppose that when the price of a good is $15, the quantity demanded is 40 units, and when the price falls to $6, the quantity in
Paraphin [41]

Answer:

(A) -5/6

Explanation:

Price elasticity of demand = % change in quantity demanded ÷ % change in price

% change in quantity demanded = (60-40)/40 × 100 = 20/40 × 100 = 50%

% change in price = ($6-$15)/$15 × 100 = -$9/$15 × 100 = -60%

Price elasticity of demand = 50% ÷ -60% = -5/6

8 0
3 years ago
The Exam Fun Co. had Accounts Receivable of $100,000 and a credit balance of $2,000 in Allowance for Doubtful Accounts on 12/31/
AleksAgata [21]

Answer:

A. dr. Bad Debt Expense 3,000 and cr. Allowance for Doubtful accounts 3,000

Explanation:

Bad debt Expense will be calculated using the percentage of debt loss. The expense will be calculated using the account receivable balance.

Closing Value of the Allowance for Doubtful Accounts will be as follow

Closing Balance = $100,000 x 5% = $5,000

As Allowance for Doubtful Accounts already have credit balance of $2,000, we need to adjust the remainder to make the closing balance of Allowance for Doubtful Accounts $5,000 at the year end.

Adjustment Value = $5,000 - $2,000 = $3,000

6 0
3 years ago
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