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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.

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On july 25, henry company's accountant prepared a check for august's rent payment. henry company mails the checkon july 27 to th
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Clarissa want to fund a growing perpetuity that will pay $5000 per year to a local museum starting next year. she wants the annu
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Answer:

Clarissa needs to fund the growing perpetuity by $166666.67

Explanation:

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Pv = C/(i-g)

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Pv = $166666.67 which will be the initial investment for Clarissa to be paid $5000 per year until she dies.

 

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Which type of promotion would you use to attract costumers quickly with the help of coupons, samples, and free gifts?
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Answer:

Sales promotion

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