The entry is required in the company's accounts debit cash ;Credit notes receivable and interest revenue.
If a business frequently trades in goods or services for notes, it would likely add a debit column for notes receivable to the sales book so that the general journal would not need to be used to record these transactions. It is also possible to build a separate subsidiary ledger for notes payable. A corporation should create a separate provision for bad debts account specifically for notes receivable if the quantity of notes receivable is substantial.
A note is considered to be honored when the maker pays it in accordance with the terms written down on it.
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Answer:
- a) _F_ Sold long-term investments for cash.
- b) _(O)_ Received cash payments from customers.
- c) _(O)_ Paid cash for wages and salaries.
- d) _(O)_ Purchased inventories for cash.
- e) (F)_ Paid cash dividends.
- f) _(F)_ Issued common stock for cash.
- g) _(O)_ Received cash interest on a note.
- h) _(O)_ Paid cash interest on outstanding notes.
- i) _(I)_ Received cash from sale of land at a loss.
- j) _(O)_ Paid cash for property taxes on building.
Explanation:
- a) _F_ Sold long-term investments for cash.
- e) (F)_ Paid cash dividends.
- f) _(F)_ Issued common stock for cash.
Financial Decision are those what are needed to planning the new financial needs, it's necessary to decide the various scources in the capital mix of the firm.
- b) _(O)_ Received cash payments from customers.
- c) _(O)_ Paid cash for wages and salaries.
- d) _(O)_ Purchased inventories for cash.
- g) _(O)_ Received cash interest on a note.
- h) _(O)_ Paid cash interest on outstanding notes.
- j) _(O)_ Paid cash for property taxes on building.
The operatives decision are related to the organization of the business, which things buys and how to pay it, the managment of stock, accounts receivables / payables
- i) _(I)_ Received cash from sale of land at a loss.
The Investment decision are related to how managed the assets of the company, it includes the amount of assets and composition, these decision are a cost and in a limited quantity.
Answer:
A) They will rise.
Explanation:
In case when the demand for hybrid cars are in elastic so here the total revenue should be rises as due to the subsidy, the price would decline and the supply rises this results there is a rise in demand that shows elastic so the demand rise at high percentage as compared to decline percentage with respect to the level of price
Due to this, the revenue would increase
Hence, the correct option is A.
Answer:
This is an example of publicity.
b. public relations.
Explanation:
Public Relations (PR) means professionally handling a positive public image by the company. It is an important element of promotion mix, that helps in maintaining good relations with the public
