Answer: Can be issued in return for money borrowed from a bank.
Explanation:
Short term notes payable are liabilities issued by a company indicating that they have an obligation to pay a certain amount (including interest) within the a year which makes it a current liability.
It can be issued in lieu of money borrowed from a bank as well as an accounts payable.
Answer:
The answer is B) $21,400
Explanation:
We are required to determine the total activity costs for the return and shipping activities for product 1.
Shipping activity has a cost of $20 per shipment.
Sebastian made 800 shipments. The cost of this will be 800 x $20 = $16000
It is given that there were 90 returns. The cost per return is $60. The total costs of the returns are $5400.
The total costs are thus 16000 + 5400 = $21400
Therefore the answer is B) $21,400
It will take 25 months to get $500
Accountants must adhere to generally accepted accounting principles for depreciation. There are four methods for depreciation straight line, declining balance, sum-of-the-years’ digits and unit of production
Budget performance reports summarize: b. normal standards
<h3>
What is budget performance report?</h3>
A budget performance report contrasts the performance of the actual budget with what was anticipated. It enables comparison between actual account transactions for a given time and budget numbers for related periods. All transactions entered in batches or journals that are submitted to the ledger, as well as documents that are updated to the ledger and point-of-sale invoices, will be included.
Your projected budget and actual statistics for a given financial quarter are compared in the Profit & Loss by Budget Performance Report. This makes it simple to determine which "budget items" performed better than anticipated and which did not live up to expectations.
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