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vova2212 [387]
3 years ago
12

On March 1, Song Corp. receives a $100,000, 90-day, noninterest-bearing note receivable from a customer. The note has a 12% disc

ount rate. On March 1, when Song receives the note from the customer, Song will record a
Business
1 answer:
harkovskaia [24]3 years ago
5 0

Answer:

Debit : Note Receivable $100,000 and Credit : Cash $100,000.

Explanation:

On March 1 Song Corp would measure the Note Receivable at cost as follows :

Note Receivable $100,000 (debit)

Cash $100,000 (credit)

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A company reported net income of $290,000. Beginning balances in Accounts Receivable and Accounts Payable were $18,000 and $21,0
NikAS [45]

Answer:

$310,500

Explanation:

The first step is to calculste the increase in account payable

= ending amount-beginning balance

= $29,000-$11,500

= $17,500

Decrease in account receivable

= $21,000-$18,000

= $3,000

Therefore the cash flow can be calculated as follows

= $290,000 + $17,500 + $3000

= $310,500

8 0
3 years ago
What is an advantage of a sales force consisting of expatriate sales representatives?
Bas_tet [7]

Answer:

you loose sales

Explanation:

hope this helps

7 0
2 years ago
What is the term for media for broad popular audiences—including newspapers, radio, and television?.
astra-53 [7]

Answer:

Mass media

Example

Mass media is actually the primary means of communication for the general public to communicate with each other as well as on a grander level. The most popular types of mass media include Newspapers, Radio, Television, Internet, Magazines.

8 0
3 years ago
On July 1, 2019, Sheffield Corp. pays $20,700 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fisca
11111nata11111 [884]

Explanation:

The journal entries are as follows:

On July 1

Prepaid Insurance A/c Dr $20,700

           To Cash A/c $20,700

(Being prepaid insurance is paid)

On December 31

Insurance expense A/c Dr $

          To Prepaid insurance A/c $1,110

(Being the insurance expense is recorded)

The insurance expense is shown below:

= $20,700 ÷ 3 years × 6 months ÷ 12 months

= $3,450

3 0
3 years ago
Suppose equilibrium savings equals $750 billion, and equilibrium GDP equals $3,500 billion. Investment spending rises to $900 bi
aleksandr82 [10.1K]

Answer:

Multiplier = 3.33

Explanation:

Investment / Spending Multiplier denotes increase in Income multiple times increase in causal Investment.

Multiplier = Change in Income / Change in Investment = 1 / 1 - MPC

<em>M</em> = ΔY/ΔI = 1/ (1-MPC)

At Equilibrium, Investment = Savings = 750. Change in Investment = 900 - 750 = 150. Change in Income = 500.

M = 500/150 = 3.33

3.33 = 1/(1-MPC)

MPC = 0.70

7 0
3 years ago
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