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Harlamova29_29 [7]
3 years ago
15

At December 31 year-end, Crain Corporation has an $8,400 note receivable from a customer. Interest of 10% has accrued for 10 mon

ths on the note. What will Crain's financial statements report for this situation?a.) The balance sheet will report the note receivable of $8,400.b.) The balance sheet will report the note receivable of $8,400 and interest receivable of $700.c.) Nothing because the business has not received the cash yet.d.) The income statement will report a note receivable of $8,400.
Business
1 answer:
harkovskaia [24]3 years ago
3 0

Answer:

B) The balance sheet will report the note receivable of $8,400 and interest receivable of $700.

Explanation:

The note receivable is an asset account that should be included in the balance sheet at face value, $8,400.

Since 8 months have passed since the note was made, we can include the interest receivable in the balance sheet, but only the 10 months: $8,400 x (10/12) x 10% = $700

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What seems to be the main source of conflict between supervisors and the HR department at Sands Corporation? Explain.
Cloud [144]

Answer:

The main source of conflict that occured between the supervisors and the HR departments at Sand Corporation was the division of power that occurred between the Supervisors and the HR departments

Explanation:

The main source of conflict between the supervisors and the HR departments at Sand Corporation was the division of power that occurred between the Supervisors and the HR departments reason been that the supervisors feel that the power and authority that should have been with them or vested on them for hiring, compensation, appraisal, as well as training and pay increases has been appropriated and carried out by the HR departments.

WHILE the HR managers or HR departments on the other hand want to keep the authority to themselves because they believed and known that authority is a source of power.

4 0
3 years ago
Ribelin Corporation is adding a new product line that will require an investment of $218,000. The product line is estimated to g
Vikentia [17]

Answer:

C. Payback is 10 years

Explanation:

Payback is the number of years it will takes to recover the initial investment, which in this case translates to: how long will it take for Ribelin Corpration to recover the  $218,000 investment given the stated cash-flows.

Year Cash-flow     Balance

0        (218,000.00)        (218,000.00)

1        32,000.00            (186,000.00)

2        18,000.00            (168,000.00)

3        21,000.00             (147,000.00)

4         21,000.00             (126,000.00)

5        21,000.00              (105,000.00)

6        21,000.00              (84,000.00)

7        21,000.00               (63,000.00)

8       21,000.00                (42,000.00)

9        21,000.00               (21,000.00)

10        21,000.00                -    

11        21,000.00             21,000.00  

12        21,000.00            42,000.00  

By end of year 10, total inflows are exactly equal the initial investment, therefore it will take them 10 years

6 0
3 years ago
If japanese cars surge in popularity in the united states, this event most likely will cause the japanese yen to ___________ and
tatuchka [14]
<span>If japanese cars surge in popularity in the united states, this event most likely will cause the japanese yen to Appreciate </span><span>and the u.s. dollar to Depreciate.
If japanese cars become more popular in united states, Japn will have a surplus of export-import scale towards united states.
This will cause Japanese yen to gain more strength toward United States dollar and cause the appreciation.</span>
3 0
3 years ago
As part of his 401(k) retirement plan at work, Ken Lowery invests 6.0 percent of his salary each month in the Capital Investment
Gnesinka [82]

Answer:

The amount of the fee is $1689.60

Explanation:

The computation of the amount of the fee is shown below:

= Dollar value × fund charges a 12b-1 fee

= $211,200 × 0.8%

= $211,200 × 0.008

= $1689.60

Since the question has asked the fee amount so we consider the fee charges percentage, not the capital investment Lifecycle fund. Thus, we ignore the Capital Investments Lifecycle Fund as it is not relevant.

Hence, the amount of the fee is $1689.60

8 0
4 years ago
A person who routinely buys goods in good faith from a person who routinely sells such goods.
Mazyrski [523]
They are considered a buyer in the ordinary course of business.
4 0
3 years ago
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