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3 years ago

A promissory note

Business

1 answer:

Sloan [31]3 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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Assume that the farmer and the rancher can switch between producing pork and producing tomatoes at a constant rate. Assume that

dusya [7]

Answer:

C) 6 pounds of pork and 8 pounds of tomatoes

Explanation:

Explanation:

Labor hours to make 1 lb. of: lbs. produced in 24 hours

Pork Tomatoes Pork Tomatoes

Farmer 6 3 4 8

Rancher 4 4 6 6

If both decide to specialize in producing only one good, the farmer will produce 8 pounds of tomatoes per day and the rancher will produce 6 pounds of pork per day.

This way when the rancher trades 4 pounds of pork in exchange for 6 pounds of tomatoes, he is gaining 2 pounds of pork which is equivalent to 8 labor hours.

When the rancher trades 6 pounds of tomatoes in exchange for 4 pounds of pork, he is gaining 2 pounds of tomatoes which is equivalent to 6 labor hours.

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3 years ago

What are three causes and effects of the haymarket square riot

Ulleksa [173]

Effects:

increased anti-labour and anti-immigrant sentiment and suspicion of the international anarchist movement

Causes:

Haymarket Square turned into a riot after someone threw a bomb at police.

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2 years ago

Missy, age 30, has owned her principal residence (adjusted basis of $225,000) for five years. During the first three years of ow

vlada-n [284]

Answer:

The answer to the following question is attached within a word file.

Download docx

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3 years ago

Local playground equipment company plans to operate out of its current factory, which is estimated to last 30 years. all cost de

OLEGan [10]

All cost decisions it makes during the 30 year period is,

are zero because the cost decisions were made at the beginning of the business

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3 years ago

On January 1, 2020, Blue Co. purchased 24,000 shares (a 10% interest) in Elton John Corp. for $1,300,000. At the time, the book

Len [333]

Answer:

$4,465,400

Explanation:

The investment in Elton in 2020 $1,300,000

share of 2020 net income(10%*$690,000) $69,000

ending balance of investment in 2020 $1,369,000

Share of net income 6/30/21 ($480,000*10%) $48,000

ending balance of investment 6/30/21 $1,417,000

Acquisition of investment 7/1/2021 $2,920,000

Total amount of investment $4,337,000

share of net income 12/31/2021($800,000*30%) $240,000

Dividends received(48,000+24,000)*$1.55 ($111,600)

balance of investment in Elton John Corp $4,465,400

In computing the above value,at each point in time the share of Blue Co from net income earned by Elton john corp is added while any dividends received in cash is deducted.

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3 years ago