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3 years ago

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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Main Street Ice Cream Company uses a plantwide allocation method to allocate overhead based on direct labor-hours at a rate of $

attashe74 [19]

Answer:

$1,702 , $1,497, and $1,957

Explanation:

The computation of the total cost is shown below:

Particulars Strawberry Vanilla Chocolate

Direct Labor $766 $841 $1,141

Direct Material $816 $516 $616

Overhead $120 $140 $200

(60 × 2) (70 × 2) (100 ×2)

Total Cost $1,702 $1,497 $1,957

We simply added the direct labor cost, direct material cost and the overhead cost so that the total cost could come

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3 years ago

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irakobra [83]

Answer:

False.

Explanation:

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2 years ago

Suppose you want to quickly perform a customer marketing survey, while allowing some measure of anonymity and keeping costs as l

zepelin [54]

Suppose you want to quickly perform a customer marketing survey, while allowing some measure of anonymity and keeping costs as low as possible. D. Telephone of survey would be a good choice for this purpose

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2 years ago

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The chefs at Lorifusion, a continental restaurant, are given the freedom to try out new ways of presenting their dishes. This he

REY [17]

Answer:

The answer is: A) A creative work environment

Explanation:

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2 years ago

Recently us dairies struggling to increase milk sale tried to change the way adults thought about chocolate milk the dairies wan

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