Answer: Please see answer in explanation column
Explanation:
a) Due date = April 22+90 days = July 21
b) Maturity value = 96,000+(96,000*6%*90/360) = $97,440
c1) Journal entry for receipt of note by Bork Furniture
journal Debit Credit
Notes receivable $96,000
Account receivable $96,000
C2) Journal entry to record receipt of payment at maturity
journal Debit Credit
Cash $97,440
Notes receivable $96,000
Interest revenue $1,440 (97,440-96,000)
Answer:
The correct answer is C. The producer's price index in that area.
Explanation:
The producer price index (PPI) is an indicator of the evolution of producer sales prices, corresponding to the first marketing or distribution channel of goods traded in the economy. The difference with the consumer price index (CPI) is explained because a good can be marketed or distributed by different intermediaries that will modify the sales price until it reaches the final consumer.
Answer:
C) Save money
Explanation:
If you value security then you would be more concerned and charged to save money.
Money provides security. One would have enough money to live on and this reduces worries. It is being stable and also having enough money that one can use to take care of certain emergencies and future financial plans.
Through this one would not have to break the bank during the case of an emergency.
Answer:
D.
Explanation:
That's like saying I'll give you $500 if you can make this basket . He made a PROMISE with money he didn't have yet .
