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avanturin [10]
3 years ago
11

promissory note received from a customer in exchange for an account receivable is recorded by the payee as

Business
1 answer:
luda_lava [24]3 years ago
4 0

Answer: Note Receivable

Explanation:

A Note Receivable is a written document from a party promising to repay another party with interest on amounts borrowed in form of cash or otherwise thereby creating a debtor - creditor relationship between them.

When a promissory note is received from a customer in exchange for an accounts receivable it is a <em>Note Receivable</em> and the Payee being the creditor will record it as such.

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Answer:

True

Explanation:

by increasing the time customers can pay to 90 days, the amount of cash inflows is likely to reduce. thus, the net cash flow in the next quarter is likely to decrease.

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Loft Industries sells roof trusses to contractors and builders and is currently looking for honest feedback on its services. How
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Answer:

The correct answer is C. Mail questionnaires.

Explanation:

Given that the company needs honest and sincere feedback regarding the quality of its products, and that its clients have so far not given the desired answers due to their education and lack of critical focus as a way to avoid hypothetical conflicts, the correct way to obtain honest and impersonal feedback regarding the quality of their products would be through mail questionnaires.

This is so because through these questionnaires, direct contact between the members of the company and its clients would be avoided, making the criticism or assessment much less personal for the client, which could be expanded without fear of possible reproach on the part of the members of Loft Industries. In this way, a space of sincere expression would be generated that would allow an objective assessment on the part of the clients.

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3 years ago
A ______ is a written statement that promises a product will work for a set amount of time.
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3 years ago
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In order to make sure it is possible to clean the floors under shelving units in food establishments, the shelves must be at lea
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Wanda’s will power is 25% in convincing people to vote for her. She needs 50% of the vote to win. Assuming everyone votes, in or
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Answer:

34 % of the people must already planning to vote for Wanda

Explanation:

Let there are 100 people in the town

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Now let there are x people who are planning to vote Wanda

Then 100-x people are not planning to vote Wanda

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So 0.25(100-x)+x=50

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So 34 % of the people must already planning to vote for Wanda

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