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Margarita [4]
3 years ago
14

A note receivable due in 18 months is listed on the balance sheet under the caption A. long-term liabilitiesB. fixed assetsC. cu

rrent assetsD. investments
Business
1 answer:
MAVERICK [17]3 years ago
3 0

Answer:

Investments

Explanation:

If the note receivable is expected to be received in 12 then it is listed as a Current Asset else as Investments.

For further detail in how you can recognize Financial instrument ,please refer to the accounting rules for this type of accounts  in https://www.iasplus.com/en/standards/ias/ias39

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Which of the following is considered a psychographic​ characteristic?
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What are the choices... Psychographics<span> has been applied to the study of personality, values, opinions, attitudes, interests, and lifestyles. ... Because this area of research focuses on activities, interests, and opinions, </span>psychographic<span> factors are sometimes abbreviated to 'AIO variables'.</span>
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How will you save money by buying a franchise?
RideAnS [48]

Answer:

B. You can get a volume discount on your products.

I hope this helps!

7 0
2 years ago
The Reingold Hat Company uses the allowance method to account for bad debts. During 2018, the company recorded $800,000 in credi
olasank [31]

Answer:

$24,000

Explanation:

Since in the question it is given that the  3% of credit sales is considered to be a bad debt expense

where,

Credit sales is $800,000

And, the estimated percentage is 3%

So by considering this above information, the amount debited to bad debt expense is

= $800,000 × 3%

= $24,000

All the other information i.e to be given is not relevant. Hence, ignored it

4 0
3 years ago
Assume the football team is set up as a general partnership and that Lenny, Sarah, and Sam are all general partners in the team.
kramer

Answer: D.The Partnership may be sued as as the partner and the partners' liability unlimited

Explanation:

The Partnership may be sued as as the partner and the partners' liability unlimited

A partnership is not recognized as a legal entity, in a starndard partnership agreement Partners in a partnership are Personally liable. They  are jointly and severally liable for the debts of the Partnership. Their personal belongings may be claims in order to settle the liabilities of the partnership

3 0
3 years ago
The total cost of Jurislon to be purchased in August is: Multiple Choice $1,839,600 $1,208,700 $1,014,300 $1,017,000
ivann1987 [24]

Answer:  $‭1,014,300‬

Explanation:

The company wants to maintain 20% of the next month's needs as ending inventory.

One Miniwap requires 2.5 kg of Jurision to be made.

Materials purchased is;

= Ending inventory + Materials used - Begining inventory

Ending Inventory;

= 20% of September Jurision

= 20% * 21,300 * 2.5

= 10,650 kg

Materials used

= 2.5 kg * August Miniwaps

= 2.5 * 22,600

= 56,500 kg

Materials Purchased = 10,650 + 56,500 - 10,800

= 56,350‬ kg

Cost of Jurision is $18 per kilo

= 56,350‬ * 18

= $‭1,014,300‬

3 0
3 years ago
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