1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bezimeni [28]
3 years ago
6

Martin Distributors has the following transactions related to notes receivable during the last two months of the year.

Business
1 answer:
MaRussiya [10]3 years ago
8 0

Answer:

Dec. 1

Note Receivable : E. Kinder $16,000 (debit)

Cash $16,000 (credit)

Dec. 16

Note Receivable : J. Jones $4,800 (debit)

Sales $4,800 (credit)

Dec. 31

Note Receivable : E. Kinder $80 (debit)

Note Receivable : J. Jones $168 (debit)

Interest Income $248 (credit)

Explanation:

Interest accruing on E. Kinder`s Note Receivable = $16,000 × 6 % × 1/12 = $80.

Interest accruing on J. Jones`s Note Receivable = $4,800 × 7 % × 30/60= $168.

You might be interested in
You are long 2 contracts of 1-yr call on MSFT with strike (K) of $220, and also long 2 contracts of 1-yr call on MSFT with strik
Dafna1 [17]

Answer:

The correct answer is $320.

Explanation:

According to the scenario, computation of the given data are as follows:

MSFT price at expiry (S_T) = $250

MSFT with strike (K) Contract 1 = $220

MSFT with strike (K) Contract 2 = $120

So, we can calculate the payoff by using following formula:

Payoff = [(Stock price at expiry (ST) - Strike price of $220)] + [(Stock price at expiry (ST) - Strike price of $120)]

BY putting the value, we get

Payoff =  ($250 - $220) + ($250 - $120)

= $30 + $130

= $160

As there are 2 contracts, then

Total payoff = $160 × 2

= $320

7 0
3 years ago
Solutions to deal with social, cultural and demographic issues​
Andreas93 [3]

Answer:

Improvement of social services to a specific area

4 0
3 years ago
The Churchill Corporation uses a periodic inventory system and the LIFO inventory cost method for its one prod-uct. Beginning in
trasher [3.6K]

Answer:

$32,000

Explanation:

Calculation to determine the before-tax LIFO liquidation profit or loss that the company would report

Before-tax LIFO liquidation profit =8,000 Units × ($12.00 per unit – $9.00 per unit) + (12,000 units-10,000units)× ($12.00 per unit – $8 per unit)

Before-tax LIFO liquidation profit =(8,000 units× $3 per unit)+(2,000 units ×$4 per unit)

Before-tax LIFO liquidation profit =$24,000+$8,000

Before-tax LIFO liquidation profit =$32,000

Therefore the before-tax LIFO liquidation profit or loss that the company would report in a disclosure note will be $32,000

7 0
3 years ago
Question 10 of 10: you've been meaning to fix those rotted boards on your porch for years. finally, last week the deck gave way.
yulyashka [42]

you've been meaning to fix those rotted boards on your porch for years. finally, last week the deck gave way. No, you will not be able to recover the cost of replacement. This is further explained below.

<h3>What is the cost?</h3>

Generally, the cost; In order to get or carry out (something), one must first spend (a certain quantity of money).

In conclusion, You've been looking at the rotten planks on your porch for years and know you need to do something about it. The deck ultimately collapsed last week. The cost of replacement cannot be recouped, unfortunately.

Read more about the cost

brainly.com/question/14094934

#SPJ1

5 0
2 years ago
Aneko is a media buyer with simantel, an advertising agency. Aneko typically purchases radio and television commercial time slot
Tema [17]

If Aneko typically purchases radio and television commercial time slots for local customers.  These commercials are examples of <u>measured </u>media.

<h3>What is Measured Media?</h3>

Measured media is a media that comprises of the following:

  • Newspaper
  • Publishing
  • Radio broadcast
  • Television broadcast

Measured media is important as it enables business owners to know the best media platform to choose when it comes to advertising their product.

Therefore these commercials are examples of <u>measured </u>media.

Leatn more about measured media here:brainly.com/question/24018854

7 0
2 years ago
Other questions:
  • A survey of 1000 executives ranked _____________ at the top, as the ideal manager's skill.
    11·1 answer
  • In response to digital marketing strategies, consumers are changing their information searches and _______ to fit with the emerg
    7·1 answer
  • What happens to the economy during a recession cycle
    7·1 answer
  • LO 1.5What is an enterprise resource planning (ERP) system? What are the principal benefits of such a system?
    15·1 answer
  • Applying the concept of opportunity cost to the pollution of a lake, an economist probably would conclude that: pollution should
    7·1 answer
  • Fields Cutlery, a manufacturer of gourmet knife sets, produced 20,000 sets and sold 23,000 units during the current year. Beginn
    14·1 answer
  • Rick Co. had 30 million shares of $1 par common stock outstanding at January 1, 2018. In October 2018, Rick Co.'s Board of Direc
    15·1 answer
  • Does anyone know what this answer is?
    13·2 answers
  • The differences between actual and standard costs are called __________ variances. cost profit quantity volume 2. A favorable co
    11·1 answer
  • The following information is available for the year ended December 31: Beginning raw materials inventory $ 3,900 Raw materials p
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!