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pochemuha
3 years ago
11

Written promise to pay a specified amount of money

Business
1 answer:
Kay [80]3 years ago
4 0
C. One who signed the note and promised to pay at maturity
You might be interested in
The current exchange rate between U.S. Dollar and Euro is $1.355/.738. It means that:______a. one Euro can buy 0.738 Dollars.b.
Verdich [7]

Answer:

b. one Dollar can buy 0.738 Euros

Explanation:

Given that

The Current Exchange rate is

= $1.335 ÷ 0.738 Euro

The 0.738 represents the indirect exchange rate now transform it into direct exchange rate

Direct Exchange rate is

= $1 ÷ 0.738 Euro

= $1.3550

Now bid price for purchase one euro is $1.335 and ask price to purchase one euro is $1.355

But the person could purchased at ask price only

Therefore the option b is correct

4 0
3 years ago
A(n) __________, used to justify the project is typically prepared in the analysis phase of the secsdlc, must be reviewed and ve
allsm [11]

A CBA , used to justify the project is typically prepared in the analysis phase of the secsdlc, must be reviewed and verified prior to the development of the project plan.

A project plan is a collection of official documents outlining the project's execution and control phases. In addition to addressing scope, cost, and schedule baselines, the plan takes risk management, resource management, and communications into account.

A project plan is a document that outlines each step needed to complete a project from A to B. It is sometimes portrayed as a Gantt chart. It acts as a roadmap by outlining the project phases, important project tasks, their start and end dates, interdependencies, and project milestones.

Learn more about project plan here

brainly.com/question/15410378

#SPJ4

4 0
2 years ago
Checks written in late December do not appear on a December 31 Bank Statement because they were not cleared by the bank as of Ma
Shkiper50 [21]

Answer:

B) Subtract them from the bank balance.

Explanation:

When you are adjusting your bank statement you must subtract any outstanding checks and add any deposits in transit.

In this case, the checks that were written at the end of December will probably be cashed during the next months, but the company must adjust their bank balance because they know that the checks will eventually be cashed, sooner or later.

6 0
3 years ago
At the beginning of the current period, Teal Mountain Corp. had balances in Accounts Receivable of $211,200 and in Allowance for
cupoosta [38]

Answer and Explanation:

The Journal entry is shown below:-

a. Accounts Receivable $804,300    

          To Sales $804,300  

(Being credit is sales recorded)    

Cash Dr, $839,040    

           To Accounts Receivable $839,040  

(Being collection during the period is recorded)

b. Allowance for Doubtful Accounts Dr, $7,902    

             To Accounts Receivable $7,902  

(Being uncollectible accounts are written off is recorded)

c. Accounts Receivable Dr, $3,002    

                To Allowance for Doubtful Accounts $3,002  

(Being to reinstate collected account previously written off is recorded)

Cash Dr, $3,002    

                  To Accounts Receivable $3,002  

(Being collection of previously written off is recorded)

d. Bad Debts Expense Dr, $18,170    

                 To Allowance for Doubtful Accounts $18,170  

(Being adjust allowance for doubtful accounts is recorded)

Working note:-

Allowance for Doubtful Accounts  

                                       Beginning balance $9,490  

Written off       $7,902       Recovery                 $3,002  

                                           Bad debts                $18,170      

                                           Ending balance       $22,760

5 0
2 years ago
At one time there were many farm cooperatives, but more recently other forms of business ownership have replaced them.
frutty [35]

Answer:

False

Explanation:

Farm cooperatives remain by far the most important food source in the world, both for direct human consumption and, indirectly, for livestock production inputs.

Since the mid-sixties, the world has managed to increase cereal production by almost one billion tons.

The business has expanded in recent decades, becoming a very prosperous industry.

3 0
3 years ago
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