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avanturin [10]
4 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]4 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.

You might be interested in
Anna works on a farm every spring during planting season and every fall during the harvest season. The farm fails to employ Anna
enot [183]

Answer: Seasonal unemployment.

Explanation:

Seasonal unemployment refers to a situation that occurs because of the certain conditions and these conditions are temporary in nature or recurrent. Most of the industries experience a fluctuations in the demand for a product that is based on the conditions.

For instance, suppose a firm produces woolen clothes. We know that the demand for woolen clothes only increases in the winter season. But, once the winter season get over then the demand for woolen clothes decreases as a result unemployment increases. This is a situation of seasonal unemployment.

In our case, Anna lose her job during the summer or winter which indicates that Anna is suffering from seasonal unemployment.

4 0
4 years ago
At the end of last year, the company's assets totaled $870,000 and its liabilities totaled $745,000. During the current year, th
Ber [7]

Answer:

$159,500

Explanation:

Total assets = $870,000

Total liabilities = $745,000.

Total equity is the difference between the assets and liabilities according to the accounting equation. Therefore,

Total equity = $870,000 -  $745,000

= $125,000

Increase in asset during the year = $59,000

Increase in liabilities during the year = $24,500

Therefore, increase in equity

= $59,000 - $24,500

= $34,500

At the end of the current year, stockholders' equity is made up of the opening balance and the increase during the year. Hence,

current year's stockholders' equity = $125,000 + $34,500

= $159,500

3 0
3 years ago
if the x-axis is quantity and the y-axis is price, which of the following is the best summarization of the supply shift from S1
Novosadov [1.4K]
The supply decreases i hope this helped next time if you want use quizlet instead of wasting your points you’re welcome :)
5 0
4 years ago
Suppose that today the exchange rate between the u.s. dollar and the chinese yuan is $1 =.12 yuan. if next week the exchange rat
goldenfox [79]

1.00000 CNY = 0.14418 USD

20 CNY == 2.88 USD

Nowadays, the name "Yuan" typically refers to the main unit of the People's Republic of China's currency, the renminbi (RMB). [Banknotes in RMB range in value from one Yuan to one hundred Yuan. Particularly in international contexts, it is also used as a synonym for that money; the ISO 4217 standard code for the renminbi is CNY, which stands for "Chinese yuan." (Using sterling to refer to British currency and the pound as the unit of account is a similar situation.)

Yuán literally means a "round thing" or "round coin" in Standard (Mandarin) Chinese. A silver round coin known as the yuan was used throughout the Qing Dynasty.

To learn more about Chinese yuan from the given link.

brainly.com/question/14350438

#SPJ4

5 0
2 years ago
Define three different types insurance and why someone might purchase each type of insurance.
n200080 [17]
Auto insurance: because if you crash your car it could be really expensive to pay for it yourself so thats why thats important.
Life insurance: Is if you die and the family you leave behind is dependent on your pay check. So they help keep your pay check coming in for your family. 
Health Insurance: If you so suddenly need a surgery this insurance will help you pay for it instead of you taking out all of your money in order to help with your emergency. 

7 0
3 years ago
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