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andriy [413]
3 years ago
8

On january 1, 2017, trinity company loaned $901,560 to litton industries in exchange for a 3 year, zero-interest-bearing note wi

th a face amount, $1,200,000. the prevailing rate of interest for a loan of this type is 10%. the adjusting journal entry made by litton at december 31, 2017 with regard to the note will include
Business
1 answer:
loris [4]3 years ago
4 0
A  credit to Discount on Notes Payable for $90,160.
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Zhang Company reported Cost of goods sold of $835,000, beginning Inventory of $37,200 and ending Inventory of $46,300. The avera
Lilit [14]

Answer:

Average inventory= $41,750

Explanation:

Giving the following information:

Beginning Inventory= $37,200

Ending Inventory= $46,300

<u>To calculate the average inventory, we need to use the following formula:</u>

Average inventory= (beginning inventory + ending inventory) / 2

Average inventory= (37,200 + 46,300) / 2

Average inventory= $41,750

6 0
3 years ago
If a couple plans to stay at a hotel for a week on the beaches of tulum, mexico, and it costs 7,000 pesos, _____.
alina1380 [7]
<span>with an exchange rate of 11 pesos per dollar, the hotel stay will cost $636.36</span>
4 0
3 years ago
The tendency for respondents to agree that a new product is a good idea in a survey is known as:_________
Dafna1 [17]

The tendency of survey participants to agree that an innovation is a good idea  is known as Acquiescence bias.

<h3>What is Survey?</h3>

Survey refers to the act of examining and asking the list of question to the different variety of people in order to extract the specific information.

In a survey, the likelihood for respondents to agree that a new product is a good idea is known as Acquiescence bias.

Therefore, it can be concluded that  Acquiescence bias is the correct term for the given blank.

Learn more about Survey here:

brainly.com/question/28268462

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6 0
2 years ago
The term random walk is used in investments to refer to ______________.A. stock price changes that are random but predictableB.
castortr0y [4]

Answer:

C. stock price changes that are random and unpredictable

Explanation:

Random walk -  

In terms of business ,

This theory determines the changes in the prices of stock are not related to each other and are basically completely random and can not be predicted .

Hence , the past details can not forecast the present changes in the stock market .

Hence , the correct statement about random walk is  ( c ) .

3 0
4 years ago
A _____ invests capital in startup enterprises for a living.
mario62 [17]

Answer:

A venture capitalist invests capital in startup enterprises for a living.

Explanation:

A venture capitalist is a type of private equity investor. <em><u>They invest in enterprises that show promise. </u></em>It means that there is a high possibility or shows high growth potential.

Venture capitalists fund startup or small enterprises that have a desire to expand their business but don't have the means to do so. Venture capitalists are willing to invest considering the risk because they think about the profit or the return they will get once it succeeded.

4 0
4 years ago
Read 2 more answers
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