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liberstina [14]
3 years ago
9

Pluto Inc. borrows $3000 from Second National Bank by signing a promissory note. Recording this transaction will include which o

f the following?a. Debit notes receivableb. Debit cashc. Credit revenued. Credit note payable
Business
1 answer:
Angelina_Jolie [31]3 years ago
4 0

Answer:

b. Debit cash and d. Credit note payable

Explanation:

On borrowing from the bank, the entries to be posted by Pluto Inc. will be;

Debit Bank/Cash account  $3000

Credit Credit note payable  $3000

The credit represents the liability which is the obligation to payback the loan at a future date.

The right options are; b. Debit cash and d. Credit note payable.

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Do you think Instagram’s main goal is to connect you with friends and family or brands? Why?
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I think it’s a platform that helps all people connect with their family but you can also use it for business purposes
6 0
4 years ago
The income tax rate in a state is a flat 10 percent. Based on that rate, who has the higher tax burden?
agasfer [191]
I think it’s Alex since he has the lowest salary so it’d be harder for him to pay the tax
3 0
3 years ago
Reston had income of $204 million and average invested assets of $1,990 million. Its return on assets is?
victus00 [196]

Its return on assets is 0.1025.

Given,

Income = $204 million

Average invested assets = $1,990 million

Return on assets = Net income / total assets

= $204 million / 1,990 million

=0.1025

Therefore, Return on asset is 0.1025.

Return on assets (ROA) is a measure of how efficiently a company uses the assets it owns to generate profits. Analysts, managers, and investors use Return on assets to evaluate a company's financial health.

Net income is what the business has left over after all its expenses, including salary and wages, cost of the goods or raw material and taxes.

To learn more about Return on assets here:

brainly.com/question/14969411

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5 0
1 year ago
During its most recent fiscal year, Dover, Inc. had total sales of $3,060,000. Contribution margin amounted to $1,430,000 and pr
Ahat [919]

Answer:

$1,135,000

Explanation:

Data provided as per the question

Contribution = $1,430,000

Income = $295,000

The calculation of fixed cost is shown below:-

Income = Contribution - Fixed cost

Fixed cost = Contribution - Income

= $1,430,000 - $295,000

= $1,135,000

Therefore, for computing fixed cost we simply deduct Income from contribution.

7 0
3 years ago
A(n) ____ is a document that formally recognizes the existence of a project and provides direction on the project’s objectives a
kenny6666 [7]

Answer:

D. project charter

Explanation:

A project charter, is responsible for stating participants, their respective roles, directions and main goals in a project. The project charter must contain the essence of a project and act as a contract between all parties involved, thus, recognizing the project's existence.

Therefore, the answer is D. project charter.

5 0
4 years ago
Read 2 more answers
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