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ollegr [7]
2 years ago
9

Notes Receivable Entries The following data relate to notes receivable and interest for Owens Co., a financial services company.

Assume a 360-day year. (All notes are dated as of the day they are received.) Mar. 8. Received a $33,000, 5%, 60-day note on account. 31. Received an $80,000, 7%, 90-day note on account. May 7. Received $33,275 on note of March 8. 16. Received a $72,000, 7%, 90-day note on account. June 11. Received a $36,000, 6%, 45-day note on account. 29. Received $81,400 on note of March 31. July 26. Received $36,270 on note of June 11. Aug. 4. Received a $48,000, 9%, 120-day note on account. 14. Received $73,260 on note of May 16. Dec. 2. Received $49,440 on note of August 4. Required: Journalize the entries to record the transactions. For a compound transactions, if an amount box does not require an entry, leave it blank.
Business
1 answer:
MArishka [77]2 years ago
7 0

Answer

The answer and procedures of the exercise are attached in a microsof excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

Download xlsx
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Bill and Alma are shopping for their first home. They have found two houses that are nearly identical except for their locations
Verizon [17]

Answer:

The correct answer is c. Marginal analysis

Explanation:

Marginal analysis is a technique you can apply when you are comparing some options.  We can say this analysis is an examination of the additional benefits of an activity compared to the additional costs incurred by that same activity. Using this technique you can maximize the potential profits.

The additional cost versus the additional benefit of a decision. In this case,  Bill and Alma are analyzing if  living 10 miles closer to their workplaces ( benefit) is worth the extra $25,000 in the cost of the house(cost). This is marginal analysis.

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3 years ago
Conversations on twitter move fast and it's easy to miss the opportunity to engage with an important influencer or prospect. ___
Fiesta28 [93]
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7 0
2 years ago
If improvements occur with any of the four factors of production what occurs with the real output?
hammer [34]

Answer:

c. it shifts to the right

Explanation:

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Favorable economic conditions increase the total output by firms. Improvement in factors of production will have the same effect as improvement in technology or reduction in taxes. A fall in the price of outputs will encourage more firms to produce more, making the curve to shift to the right.

7 0
3 years ago
When Anastasia sells her Tesla common stock at the same time that Roman purchases the same amount of Tesla stock, Tesla receives
Ivenika [448]

Answer: Nothing

Explanation:

When Anastasia sells her Tesla common stock at the same time that Roman buys the same amount of Tesla stock, then Tesla will receive nothing.

Forur example, let's assume that Anastasia sells her Tesla common stock which was worth $2000 and Roman buys the same amount of Tesla stock, which was $2000. Then Tesla will get: $2000 - $2000 = 0. Therefore, the answer is nothing.

7 0
2 years ago
The 2018 financial statements of BNSF Railway Company report total revenues of $19,548 million, accounts receivable of $1,189 mi
Vitek1552 [10]

Answer:

D) 18.2 times

Explanation:

The accounts receivable turnover is determined by dividing the total credit revenues by the average receivables.

The average receivables is the sum of the opening and closing receivable balances divided by 2.

The average receivables is  ( $ 1,189 + $ 955) / 2 =  $ 1,072

The total revenues in the absence of other information is considered as credit sales.

Average receivables turnover      = $ 19,548  /  $ 1,072  = 18.24 times    

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3 years ago
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