The entry is required in the company's accounts debit cash ;Credit notes receivable and interest revenue.
If a business frequently trades in goods or services for notes, it would likely add a debit column for notes receivable to the sales book so that the general journal would not need to be used to record these transactions. It is also possible to build a separate subsidiary ledger for notes payable. A corporation should create a separate provision for bad debts account specifically for notes receivable if the quantity of notes receivable is substantial.
A note is considered to be honored when the maker pays it in accordance with the terms written down on it.
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Answer:
debt-equity ratio results in the lowest possible weighted average cost of capital.
Explanation:
The debt equity ratio measures how well a business's equity can account for its debt.
Weighted average cost of capital is referred to as a business's cost of capital and is the rate a company is expected to pay to its shareholders.
When the debt equity ratio results in the lowest weighted average cost of capital, it indicates that the cost of finding for the company is low. This is the optimal and least expensive capital structure.
Answer:
b. Claiming a different number of dependents and thereby reducing their income tax
Explanation:
Net pay is the money that an employee receives after all deductions from their gross pay. Net pay is the amount that gets into the employee's salary account. The net pay is affected by an increase or decrease in salary or an increase or decrease in deductions.
Claiming a different number of dependents reduces the amount of income tax withheld. The effect is a reduction in the total deductions. If deductions are reduced, the employee will have higher net pay. The other options do not increase or decrease gross pay or deductions.
