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3 years ago

A written promise to pay certain sum of money to another person or company is a

Business

2 answers:

scoundrel [369]3 years ago

6 0

Answer:

Liability (Promissory note payable)

Explanation:

A liability is a present obligation of an entity as a result of a past event for which future economic benefits will flow from the entity.

The writing of a promise to pay is the past event that will result in the outflow of resouces(cash) at a future date. However, the obligation to pay is present.

const2013 [10]3 years ago

5 0

Promissory Notes Receivable

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You decided to take a college accounting course to brush up on your knowledge of the language of business. The tuition expense w

DerKrebs [107]

Answer:

The $500 is the opportunity cost.

Explanation:

The sunk cost can be defined as a cost that has already been incurred. Such as cost can no longer be recovered. A sunk cost is considered to be irrelevant and is excluded from decision making.

If an individual decided to take an accounting course and paid the tuition fee of $500 and gets a job offer later. If he/she decides to take up the job the tuition fee paid will be the sunk cost which cannot be recovered anymore.

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3 years ago

The percentages in the table represent the performance change from the previous month. Consider the impact of each metric on cus

Stolb23 [73]

Based on the metrics given, we can say that shipping errors were not very impactful on customer questions.

<h3>Relationships between metrics</h3>

Customer questions kept rising by 2% from the first month till the third month.
Shipping errors (shipped incorrectly) rose by 2% from the first to the second month and then stayed constant.

What we then realize is that even though questions kept rising, shipping errors only rose once which means that shipping errors did not account for much of customer questions. If it did, the customer questions would have stayed constant as well.

In conclusion, shipping errors were not very impactful.

Find out more on performance metrics at brainly.com/question/4295533.

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2 years ago

For Sunland Co., beginning capital balances on January 1, 2020, are Nancy Payne $18,900 and Ann Dody $24,000. During the year, d

natita [175]

Answer and Explanation:

The preparation of the partner capital statement and the owner equity section is presented below:

Partner capital statement

Particulars N. Payne Ann Dody Total

Beginning

balance $18,900 $24,000 $42,900

Less: Drawings -$8,700 -$5,200 -$13,900

Balance left $10,200 $18,800 $29,000

Add: Net income

share 50% 50% $14,350 $14,350 $28,700

ending balance $24,550 $33,150 $57,700

Now the balance sheet is

Sunland Co,

Partial balance sheet

Dec 31,2020

Owner capital

Partner capital balance $29,000

Add: Net income $28,700

Total owner equity $57,700

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2 years ago

Public aid is given the water carriers in the form of waterway construction, development and maintenance. How do the water carri

alex41 [277]

Answer:

By paying user charges in the form of lock fees and fuel taxes.

Explanation:

The water carriers in repaying the government for the water way construction aid received do this by paying user charges in the form of lock fees and fuel taxes.

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3 years ago

Senator approxmire opposes a proposal requiring that the monopsonist pay a minimum wage of at least wmin, stating: "even if the

mihalych1998 [28]

Senator approxmire is Incorrect because the monopsonist's effective MRC curve becomes ABCD, which means that it would choose to hire more workers, from L1 to L2, following the imposition of the minimum wage.
When monopsonist exist, the majority of workers within a certain area will be employed by a single entity. When we enacted minimum wage, indeed the company's salary expense will be increased, but this will goes along with the total productivity increased by the happy employees.

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3 years ago