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3 years ago

The following selected transactions were completed by Fasteners Inc. Co., a supplier of buttons and zippers for clothing:

Business

1 answer:

Reil [10]3 years ago

8 0

Answer:

20Y3

Nov. 21 :

Debit Notes receivable $66,000

Credit Accounts receivable $66,000

(To recognize notes receivable iro past due account)

Dec. 31:

Debit Interest revenue $161.33

Credit Interest receivable $161.33

(To record accrued interest on notes receivable)

Jan. 20:

Debit Cash $66,880

Credit Notes receivable $66,000

Credit Interest receivable $880

(To record payment of note and interest on Nov. 21 notes)

Explanation:

Note receivable is a promissory note with a written promise made by the borrower to the lender (payee) to pay a certain, definite sum at a specified date.

Interest revenue on the notes is calculated as: Principal x Interest Rate x Time

In this case, the total interest expense is $66,000 x 8%/12 x 2 months = $880.

Total interest expense to the Company as at December 31 is therefore $880 / 60 days x 11 days = $161.33.

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Net operating working capital is equal to operating current assets minus operating current liabilities.

Alex73 [517]

Net operating working capital (NOWC) is the excess of working current belongings over running present-day liabilities.

Running capital, additionally called net running capital, represents the difference between an organization's modern-day property and cutting-edge liabilities. working capital is a measure of an employer's liquidity and quick-time period economic health.

Operating working capital focuses more on operations, while net running capital looks in any respect for property and liabilities. net working capital is more comprehensive because it represents the cash and other cutting-edge property a corporation has every day daily running and growing its enterprise.

Internet running capital is an economic metric that gauges the difference between an employer's non-interest-bearing running belongings and its non-hobby charging running liabilities.

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2 years ago

Dana has standard consumer preferences over two goods: hours spent watching football (W) and hours spent playing football (P). H

Aleks [24]

Answer:

The correct option is Dana might be indifferent between C, A, and B.

Explanation:

Note: See the attached photo for the indifference curve showing points A, B and C.

The answer can be explained using an indifference curve.

An indifference curve is a graph that depicts the combination of two commodities that provide equal satisfaction or utility to the consumer. A consumer is indifferent between the two commodities at each point on an indifference curve because all points on the curve provide him with the same level of satisfaction or utility.

In the attached photo, bundles A, B and C are plotted as points on the same indifference curve (IC). Since points A, B and C are on the same IC, it therefore implies that Dana might be indifferent between C, A, and B.

Therefore, the correct option is Dana might be indifferent between C, A, and B.

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3 years ago

Suppose every Buick owner's demand for gasoline is 20 - 5 p for p less than or equal to 4 and 0 for p > 4. Every Dodge owner'

mario62 [17]

I think the answer is b

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3 years ago

What is the role of the government in fiscal policy

Elena L [17]

It is the sister strategy to monetary policy through which a central bank influences a nation's money supply.

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4 years ago

Mark is the manager of Mayhem Enterprises. Mark believes Angel, a twenty-year employee of Mayhem, is stealing from the business.

GenaCL600 [577]

Answer:

The torts Mark might have committed by his action includes:

assault and battery
intentional infliction of emotional distress
defamation of character

Explanation:

Assault and battery : grabbing of the 25 year old employ by the hand is considered forceful and wrong handling of a person and therefore is considering assault

Intentional infliction of emotional distress: keeping her in his office without actually seeking for her consent and also with her not aware of his next line of action can cause her emotional distress

defamation of character : screaming at her in front of other employees without evidence of stealing is considered defamation of the employees character

6 0

3 years ago

Read 2 more answers