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aliina [53]
3 years ago
14

When an interest-bearing note is dishonored at maturity and ultimate collection is expected, the entry for the dishonoring, assu

ming no previous accrual of interest should include a.a debit to Allowance for Doubtful Accounts. b.only a credit to Notes Receivable. c.a credit to Notes Receivable and Interest Revenue. d.a credit to Notes Receivable and Interest Receivable. Answer:c
Business
2 answers:
tresset_1 [31]3 years ago
8 0

Answer:

The correct answer is C. a credit to Notes Receivable and Interest Revenue.

Explanation:

When this registration is made, what occurs is to decrease the obligation they have with our organization, and an increase in income due to the recognition of the interests effectively recognized at the expiration of the obligation. Dishonoring the note means recognizing that we no longer have a callable value, and that the value receivable is extinguished as a result of the end of the agreed period of permanence.

Pachacha [2.7K]3 years ago
3 0

Answer: c. a credit to Notes Receivable and Interest Receivable

Explanation: Notes are a written promise to pay a specific amount of money at a future date and as a financial instruments can be issued with or without interest; and are recorded at face value and classified in the balance sheet based on maturity time. A note is said to be dishonored when the maker of the note fails to pay as at when due. However, if ultimate collection is expected, an entry is made as follows: a credit to interest income and also a credit to notes receivable.

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The correct answer is letter "C": competitive barrier.

Explanation:

Competitive barriers represent obstacles for a business to start operations based on what other companies are already providing to the market. The settled companies -competitors- tend to have a preference and market share obtained through years of operations which is a threat for a new company that is looking for attracting consumers.

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If an issuer sells bonds at a premium: Multiple Choice The carrying value increases from the par value to the issue price over t
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Answer:

The carrying value decreases from the issue price to the par value over the bond’s term.

Explanation:

The carrying value of a bond is the par value or face value of that bond plus any unamortized premiums or less any unamortized discounts. The net amount between the par value and the premium or discount is called the carrying value because it is reported on the balance sheet. When a bond is issued at a premium, the carrying value is higher than the face value of the bond.

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The ______________ is essentially a device that monitors subjects’ physiological changes. These include changes in heart rate, r
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B, Psycho galvanometer

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Martha can produce 90 quilts or 180 batches of chocolate chip cookies in a month. Jane can produce 6 quilts or 18 batches of cho
Aleks04 [339]

Answer: The correct answers are a) & b). That is MARTHA, MARTHA; JANE.

Explanation: Absolute advantage exists when a party can oroduce a highe quantity of a good or product. This is the situation with Martha in her productions.

Comparative advantage on the other hand is when a party has a lower opportunity cost. This exists in both the production of quilts and chocolate chip cookies.

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3 years ago
A Treasury bill with a par value of $100,000 due three months from now is selling today for $97,087 with an effective annual yie
Zanzabum

The effective annual yield of a treasury bill is equivalent to 12.55%.

Option B is the correct answer.

<h3>What is the treasury bill?</h3>

The treasury bill is the trading instrument that is issued in the money market by the government.

Given values:

Par value: $100,000

Future value: $97,087

Number of years from now: 3 years

Step-1 Computation of interest rate of treasury bill:

\rm\ Interest \rm\ rate \rm\ on\rm\ treasury \rm\ bill=\frac{\rm\ Par \rm\ value - \rm\ Future \rm\ value}{\rm\ Future \rm\ value} \\\rm\ Interest \rm\ rate \rm\ on\rm\ treasury \rm\ bill=\frac{\$100,000-\$97,087}{\$97,087} \\\rm\ Interest \rm\ rate \rm\ on\rm\ treasury \rm\ bill=0.03

Step-2 Computation of equivalent yield the bill:

\rm\ Equivalent \rm\ annual \rm\ yield =(\rm\ 1+ \rm\ interest \rm\ rate)^{\rm\ Number \rm\ of \rm\ years}  - 1\\\rm\ Equivalent \rm\ annual \rm\ yield=(1+0.03)^{4} -1\\\rm\ Equivalent \rm\ annual \rm\ yield=1.01255-1\\\rm\ Equivalent \rm\ annual \rm\ yield=0.01255

Therefore, 12.55% is the equivalent yield on the treasury bill.

Learn more about the equivalent yield in the related link:

brainly.com/question/21275322

#SPJ1

3 0
1 year ago
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