Answer:
The Parry Glitter Company
The Parry Glitter Company should record the Notes Receivable as $300,000.
It should also record the interest receivable per year as $24,000 and the advertising cost as $24,000 per year. These bring into the accounting records the interest revenue and also the advertising expense, which eventually cancel each other.
Step-by-step explanation:
a) Data and Calculations:
Notes Receivable = $300,000
If the notes receivable are repaid at the end of 3 years and it is assumed that the interest on the notes receivable = 8%
Therefore, the cost of the free advertising will be equal to $24,000 ($300,000 * 8%), which is the cost of the interest to the radio station.
Answer:
Unlike terms
Step-by-step explanation:
If it was 4y and 5y it would be like. Adding the x though makes them unlike terms, you cannot combine them
Answer:
2 Liters
Step-by-step explanation:
.25 liters=1/8 fish aquarium
.25x8=2
The correct answer is 7. 85