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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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Which level of management sets general​ policies, formulates​ strategies, approves all significant​ decisions, and represents th
qwelly [4]

Answer: Top managers.

Explanation: Top managers examples are board of directors, president, vice-president, and CEO. These managers are duly responsible for controlling and overseeing the entire organization. They set and develop goals, strategic plans, company policies, and make decisions on the direction of the business. These top managers are responsible for controlling and overseeing the entire organization with the aim of achieving organization goals.

5 0
3 years ago
Over the last 5 years, a client has bought 200 shares of XYZ Mutual Fund each year in a taxable account and has elected to have
Greeley [361]

Answer:

Is the question asking for the mean/average or no?

8 0
3 years ago
Tobiaz, inc., a private firm, wants to create a survey program similar to the Uniform Crime Reporting Program/National incident-
olchik [2.2K]

Answer:

C, they analyze police reports about crimes reported by victims

Explanation:

Option A is wrong because is disregard hard crimes that conducted by blue-collar people (such as theft, store robbery, or even gang attacks).

Option B and D are wrong because 'Potential' victims do not always translate to actual victims, This will make the data that collected by the firm become misleading. They wouldn't find out the type of crimes that often happen in real life and wouldn't be able to design a proper solution for them.

Option C is the best choice from the available options. Even though it's not perfect. There are a lot of crimes that often goes unreported by the victims (such as domestic abuse)

4 0
3 years ago
Suppose that Cheryl's only assets are an automobile worth $10,000 and a checking account with a $5,000 balance. Her only liabili
melamori03 [73]

Answer:

Cheryl's net worth is;

c). $5,000

Explanation:

The net worth is the value of an individual taking into account all the individual's assets and liabilities. It is a holistic view on the value of an individual. It is also used to estimate the value of a company, corporation and even countries. It is one of the standard measures used to gauge an entity's wealth. The net worth can be calculated by taking the difference between assets and liabilities. An asset is anything of economic value that is owned by an entity while a liability is anything of economic value that is owed.

The following formula can be used to estimate Cheryl's net worth;

N=A-L

where;

N=net worth

A=assets

L=liabilities

In our case;

N=unknown to be determine

A=Automobile+checking account

Automobile=$10,000 and checking account=$5,000

A=10,000+5,000=$15,000

L=student loan+car loan

student loan=$2,000

car loan=$8,000

L=2,000+8,000=$10,000

replacing;

N=15,000-10,000=$5,000

Cheryl's net worth=$5,000

4 0
3 years ago
An auditor should perform alternative procedures to substantiate the existence of accounts receivable when:
Anastasy [175]

Answer:C

Explanation: Collectability of the receivables is in doubt

8 0
3 years ago
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