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garik1379 [7]
3 years ago
7

A note receivable is a negotiable instrument which can be transferred to another party by endorsement. takes the place of checks

in a business firm. can only be collected by a bank. eliminates the need for a bad debts allowance.
Business
1 answer:
AVprozaik [17]3 years ago
5 0
The correct answer would be the first option. A note receivable can be transferred to another party by endorsement. It is described as a current asset of an organization that  claims a written promissory note from other organization. It is usually made up of the principal and the interest amount.
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Which of the following is not required to prove innocent representation?
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Answer:

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If $ 10,000 is invested in a certain business at the start of the​ year, the investor will receive $ 3 comma 000 at the end of e
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Answer:

$889.70

Explanation:

The computation of the net present value is shown below:

= Present value of all yearly cash inflows after applying discount factor - initial investment  

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Refer to the PVIFA table

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7 0
3 years ago
Company acquired a new truck at at cost of $52,000 on January 1, 2019. The truck is expected to be used for 4 years and have a s
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Answer and Explanation:

The computation is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($52,000 - $8,000) ÷ (4 years)

= ($44000) ÷ (4 years)  

= $11,000

In this method, the depreciation is same for all the remaining useful life

a. The depreciation expense for 2019 is $11,000

b.  The depreciation expense for 2020 is $11,000

c. The accumulated depreciation for year 2019 is $11,000

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3 0
2 years ago
If the elasticity of demand for Good A is −3, a 33 percent decrease in quantity demanded of Good A results from a(n) ________ in
velikii [3]

Answer:

Option (d) is correct.

Explanation:

Given that,

Elasticity of demand for Good A = −3

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Elasticity of demand for Good A = Percentage change in quantity demanded for Good A ÷ Percentage change in price of Good A

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Therefore, percentage increase in price of good A is 11%.

7 0
3 years ago
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