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Fofino [41]
3 years ago
13

A simple discount note results in

Business
2 answers:
melomori [17]3 years ago
7 0

Answer:

A. interest that's deducted in advance.

Explanation:

In its broadest sense, the term discount refers to the reduction or reduction of a certain amount, however, the word has more rigorous references according to the context used.

In the case of the economy, the discount is an advance of resources made by the bank on the values of the respective securities (duplicates or promissory notes). In this type of operation, the customer receives in advance the amount corresponding to its installment sales, however, the customer does not receive the total amount, as fees are discounted on that amount. Thus, a simple discount note results in interest deducted in advance.

Nikolay [14]3 years ago
6 0
A simple discount note results in i<span>nterest that are deducted in advance, this can just be simply called a discount. </span><span> It is usually being confused with markdown. </span><span>Discount is a deduction in the price of a product base on the purchase of the customer while markdown is a reduction of price based on inability to be sold. </span>
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The city of Brock’s Water Enterprise Fund leases water treatment equipment. The life of the noncancellable lease is 10 years, an
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<u>Solution and Explanation:</u>

The Journal Entries in the books of Brock's water enterprise is as follows :-

Date  Particulars and details                             Debit($)  Credit($)

Jan 5, 2018  Intangible Assets - Lease  905861  

Lease Payable                                            905861

(Being Record the Lease)        

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Dec 31, 2018  Amortization Expenses ($905861divide 10)  90586  

Accumulated Amortization                                           90586

(Being Record the amortization)        

Jan 5, 2019  Lease Payable (\$ 125000-\$ 62469) 62531  

Interest Expenses ((\$ 905861-\$ 125000) * 8 \%)   62469  

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3 years ago
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Answer:

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Explanation:

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= 20+2+7+5

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Answer:

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