1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lesya692 [45]
3 years ago
12

Martin Company needs additional time to pay its accounts payable to Boster Company. Martin makes a written promise to pay Boster

the amount on a certain date. Boster records this transaction by debiting
A. Notes receivable and crediting accounts payable
B. Cash and crediting accounts receivable
C. Accounts receivable and crediting notes receivable
D. Notes receivable and crediting cash
Business
1 answer:
Anika [276]3 years ago
3 0
The answer, on the point of view of Boster, is A. Debit notes receivable and credit accounts receivable (not payable i think). This is from the point of view of Boster. So to Boster, he will have an accounts receivable by Martin company. So what Martin did is that he offered a promissory note to Boster. This will increase Boster's notes receivable. At the same time, this will also lessen Boster's accounts receivable since this turned into a notes receivable. 
You might be interested in
On February 1, 2020, Bonita Industries factored receivables with a carrying amount of $645000 to Sandhill Co.. Sandhill Co. asse
malfutka [58]

Answer:

$19,350

Explanation:

The finance charge is 3%. If the 5% retention is a non-refundable security, then the total loss would be 8% (3%+5%).

The nature of the retention is not given, so it is considered that it is refundable, then the total loss would be $19,350 ($645,000*3%).

Thus, the total loss to be reported is $19,350

5 0
3 years ago
A stock currently sells for $49. the dividend yield is 3. 8 percent and the dividend growth rate is 5. 1 percent. What is the am
tatyana61 [14]

If a stock currently sells for $49. tThe amount of the dividend that was just paid is $1.77.

A inventory is a fashionable term used to describe the ownership certificate of any business enterprise. A percentage, on the other hand, refers to the inventory certificate of a selected organization. maintaining a particular organization's percentage makes you a shareholder.

A coins dividend is the distribution of budget or cash paid to stockholders generally as a part of the employer's present day income or accrued income. cash dividends are paid at once in money, as opposed to being paid as a inventory dividend or other form of cost.

Dividend yield=Annual Dividend next year/Current price

Annual Dividend next year=(49*3.8%)=$1.862

Hene, the dividend just paid = Annual Dividend next year * Present value of discounting factor(    5.1%, time period)

⇒$1.862/1.051

⇒$1.77        (Approx)

Learn more about stock market here:-brainly.com/question/690070

#SPJ4

3 0
2 years ago
Street Company's fixed expenses total $150,000, its contribution margin ratio is 40% and its selling price per unit is $11.25. B
pickupchik [31]

Answer:

Break-even point in units= 33,333.33 units

Explanation:

<em>The break-even point (BEP) is the quantity of each product to be sold such that the business makes no profit or loss. </em>

The beak-even point can be determined as follows:  

The Break-even point in sales = Total general fixed cost / Contribution per unit margin

Contribution per unit = Contribution margin ration ×  selling price

                                   = 40%×11.25 =4.5

The break-even point (in unit) =  150,000/ 4.5 =33,333.33

break-even point in units= 33,333.33 units

3 0
3 years ago
As the President of a local trade company, Kristin is faced with leadership, ethical, and operational decisions on a daily basis
ivanzaharov [21]

Answer:

B. Information management

Explanation:

Information management refers to managing the sources of information that a company uses, and distributing the information received to the internal users. It involves identifying information needs, developing information services, and distributing and using that information.

3 0
3 years ago
Congress passes a law that regulates the amount of lettuce that can be grown on a farm. Milton is a farmer who grows lettuce. He
Yuliya22 [10]

Answer:

The answer is: A) Declare the law constitutional because Milton's actions substantially affect interstate commerce.

Explanation:

The Commerce Clause, Article I, Section 8, Clause 3 of the Constitution of the United States:

[The Congress shall have Power] To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes.

Congress can enact laws that regulate interstate commerce, and this law is an example of one of them. It doesn't matter if Milton's action only affect commerce in a very small way, the law is still constitutional.

6 0
3 years ago
Other questions:
  • Recently, the price of gasoline dropped to just under $3.50/gallon. Economic analysts currently are focusing on questions concer
    8·1 answer
  • Maria is training for a triathlon, a timed race that combines swimming, biking, and running.Consider the following sentence: Bec
    14·1 answer
  • Diane, a police officer, stops Tim's car for a traffic offense. While talking to Tim, she shines a flashlight into the passenger
    15·1 answer
  • Josh's weekly budget for lunch is $24. He eats only pizza and burgers. Each pizza costs $6 and each burger costs $3. Josh knows
    10·1 answer
  • Sagon Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of September. Prio
    5·1 answer
  • JudyJudy hires students at ​$5050 a day to mow lawnsmow lawns. SheShe leases equipment that costs ​$8080 a day. Suppose that Jud
    14·1 answer
  • An industrial company contacts John Deere to design a specific type of equipment for use in its manufacturing facility. If John
    11·1 answer
  • We have said that strategic management is an evolution and a destination. What does this mean? Discuss in detail
    15·1 answer
  • When a recipient agrees to allow the original owner of private information to make decisions regarding further disclosure and co
    11·1 answer
  • When applying a questioning mindset, what follows identify whether there is sufficient evidence to support the conclusion?.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!