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4 years ago

On the budgeted balance sheet,the number for notes payable will come from the ________.

Business

1 answer:

gogolik [260]4 years ago

7 0

Answer:

B) schedule of cash receipts

Explanation:

Personally, I do not consider this option to be 100% correct since it is incomplete. The correct answer is: debt service budget.

When you are preparing a budgeted balance sheet, you might get some information about receiving cash by issuing notes payables, but notes payables can include other transactions besides cash loans. E.g. You might finance the purchase of equipment by issuing a promissory note. You could also refinance outstanding credits from suppliers with notes payables. And many others, and none is related to cash receipts.

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Wexler Corporation has established a new policy on employee e-mails. The policy reads: "All e-mail sent using the company server

Flauer [41]

Answer:

Wexler Corporation has established a new policy on employee e-mails. The policy reads: "All e-mail sent using the company server is the property of the company and is not private. Supervisors and managers shall have the right to review such e-mails. Inasmuch as the company is liable for e-mail content, it reserves the right to review it." The policy:

This is just a means of having a copy-write of company's email, it is the responsibility of the company to be liable for any discredit that comes with it

Explanation:

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4 years ago

You have just been hired as a financial analyst for Barrington Industries. Unfortunately, company headquarters (where all of the

Andru [333]

Answer:

The ending cash balance is $40,000

Explanation:

Kindly check attached picture for detailed explanation on Cash Flow statement

6 0

3 years ago

Read 2 more answers

Repair shops often use a deceptive practice known as bait and switch. a. True b. False

Kryger [21]

Answer:

Explanation:

true

3 0

3 years ago

Michek Company loans Sarasota Company $2,000,000 at 6% for 3 years on January 1, 2020. Michek intends to hold this loan to matur

nevsk [136]

Michek Company's Journal Entries related to loans to Sarasota Company are as follows:

a) Journal Entries without using fair value option:

December 31, 2020:

Debit Interest Receivable $120,000

Credit Interest Revenue $120,000

To record the 6% interest due on January 1.

December 31, 2022:

Debit Interest Receivable $120,000

Credit Interest Revenue $120,000

To record the 6% interest due on January 1.

b) Journal Entries with fair value option

December 31, 2020:

Debit Loan Receivable $50,000

Credit Unrealized Gain from Fair Value $50,000

To record the fair value of the loan.

Debit Interest Receivable $120,000

Credit Interest Revenue $120,000

To record the 6% interest due on January 1.

December 31, 2022:

Debit Unrealized Loss from Fair Value $20,000

Credit Loan Receivable $20,000

To record the fair value of the loan.

Debit Interest Receivable $120,000

Credit Interest Revenue $120,000

To record the 6% interest due on January 1.

Data and Calculations:

January 1, 2020, amount of loan = $2,000,000

Interest rate = 6%

Period of loan = 3 years

December 31, 2020 2021 2022

Fair value of loan $2,050,000 2,020,000 2,000,000

Interest income $120,000 $120,000 $120,000 ($2,000,000 x 6%)

Payment of interest = January 1

December 31, 2021:

Debit Unrealized Loss from Fair Value $30,000

Credit Loan Receivable $30,000

Debit Interest Receivable $120,000

Credit Interest Revenue $120,000

Thus, the Loan Receivable account's balance at December 31 each year varies only when using the fair value option.

Learn more: brainly.com/question/13212872

4 0

2 years ago

Suppose the market for cars is unregulated. That is, car prices are free to adjust based on the forces of supply and demand. If

grin007 [14]

This question is incomplete. The complete question should be:

Suppose the market for cars is unregulated. That is, car prices are free to adjust based on the forces of supply and demand.

If a shortage exists in the car market, then the current price must be ____ than the equilibrium price. For the market to reach equilibrium, you would expect ______.

Answer:

If a shortage exists in the car market, then the current price must be lower than the equilibrium price. For the market to reach equilibrium, you would expect buyers to pay higher prices.

Explanation:

When demand is equal to supply in a market, the the market is said to be at equilibrium.

In a market for cars, the equilibrium price is the price at which cars are sold when demand for cars equals the supply of cars into the market.

If the price of cars in the market drops lower than the equilibrium price, then there will be an increase in demand for cars. Without a corresponding increase in supply of cars, the market will experience a shortage of cars.

For the market to reach equilibrium, prices will have to rise and car buyers will have to pay higher prices.

5 0

4 years ago