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3 years ago

On January 1, 2020, Harter Company had Accounts Receivable $139,000,

Business

1 answer:

LuckyWell [14K]3 years ago

6 0

<u>Solution and Explanation:</u>

<u>Date Particulars Post ref. Debit ($) Credit ($) </u>

5- Jan Accounts Receivable 20000

Sales revenue 20000

(To record the sales revenue)

5- Jan Notes Receivable 30000

Accounts receivable 30000

(To record the sales revenue)

18- Feb Notes receivable 8000

Sales revenue 8000

(To record the notes receivable and sales revenue)

20- April Cash 20400

Notes receivable 20000

Interest revenue 400

(To record the collection of notes)

30 april Cash 25000

Notes receivable 25000

(to record the collection of payment due)

25 May Notes receivable 6000

Accounts receivable 6000

( To record the note settlement of past due balance)

18- Aug Cash account 8360

Notes receivable 8000

Interest revenue 360

(To record the collection of notes payment)

25- Aug Accounts receivable 6135

Notes receivable 6000

Interest revenue 135

1-Sep Notes receivable 12000

Sales revenue 12000

(To record the note for amount due)

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which of the following is not an economic goal of leaders of most nations? a. efficiency b. price stability c. growth d. full em

Darina [25.2K]

One thing that is not the economic goal of most nations is e. excess goods and services.

<h3>What economic goals do most countries want?</h3>

Most countries want to be able to provide their people with an adequate living standard.

For this to happen, the economy needs to be growing and have price stability as well as full employment. There is no need for excess goods and services because this represents a waste of resources.

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2 years ago

When managers are flexible, creative and willing to learn from mistakes, they are addressing which aspect of emerging public iss

defon

Managers are handling complexity when they are adaptable, imaginative, and prepared to learn from mistakes.

Describe complexity.

According to the scientific theory of complexity, certain systems exhibit behavioral traits that are utterly outside the scope of any traditional examination of the system's component pieces. These phenomena, also known as emergent behavior, appear to be present in a variety of complex living organism-based systems, such as the stock market and the human brain. For instance, according to complexity theorists, a stock market crash is an emergent result of the activities of several individual investors on a complex financial system, just as human awareness is an emergent characteristic of a complex network of neurons in the brain.

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2 years ago

Microsoft stock price peaked at 6118% of its IPO price more than 13 years after the IPO† Suppose that $15,000 invested in Micros

givi [52]

Answer:

37% compounded annually

Explanation:

To find the answer we need to follow this formula:

$P = I (1+ r)^{n}$

Where:

P = Present value of the stock
I = Initial value of the stock
r = Interest rate
n = number of compounding periods

Now we plug the amounts into the formula:

900,000 = 150,000 (1 + r)^13

900,000 / 150,000 = (1 + r)^13

60 = (1 + r)^13

Ln60 = 13 Ln(1 + r)

4.09 / 13 = Ln(1 +r)

0.31 = Ln(1 + r)

e0.31 = Ln(1 + r)

1.37 = 1 + r

1.37 - 1 = r

0.7 = r

Thus, the annual interest rate is 37%

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4 years ago

The income statement for Nadeen, Inc. shows income before income taxes $700,000, income tax expense $210,000 and net income $490

katrin [286]

Answer:

B $4.90

Explanation:

The earnings per share ratio (EPS), is an entities net income after tax that is available the shareholders divided by the weighted average number of shares of common stock that are outstanding during the period of the earnings.

As such, given;

net income after tax = $490,000

number of shares = 100,000

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3 years ago

Suppose the equilibrium price of textbooks is $40 a textbook. At that price, quantity of textbooks demanded and supplied is 20,0

Allisa [31]

Answer:

elasticity of demand is 2.16. Consumers pay a smaller portion of the tax

Explanation:

Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Elasticity of demand = percentage change in quantity demanded / percentage change in price

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When the coefficient of elasticity is greater than 1, demand is elastic.

Elastic demand means that a small change in price leads to a greater change in quantity demanded.

Because demand is elastic, more of the burden of the tax falls on producers and consumers pay a small portion of the tax.

I hope my answer helps you

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3 years ago