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liraira [26]
3 years ago
8

On January 1, Year 1, Boyd Corporation accepts a $10,000 three-month, nine percent promissory note from one of its customers. To

record acceptance of the note, the company will record a:
Business
1 answer:
mihalych1998 [28]3 years ago
6 0

Answer:

The borrower records its receipt of cash and new liability with this entry

Jan 1             Notes Receivable   $10,000 Dr.

                             Sales / Accounts Receivable         $10,000 Cr.

Received Note of 3 months with  9% interest

The entry would  credit to Sales if it is received against sales or credit to account receivable isf it is received against accounts receivable for a further time period as the case may be.

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Bp's expansion plans were reduced, and its ability to compete with other large multinational oil companies like____ became limit
forsale [732]

Bp's expansion plans had been reduced, and its capacity to compete with other large multinational oil companies like Exxon Mobil and ShellExplanation has become restricted.

BP's new cause is reimagining energy for people and our planet. The cause is underpinned by way of an industry-leading ambition – for BP to become a net zero organization by 2050 or faster, and to help the world get to net zero – and this ambition is supported by using 10 goals.

The strong development bp has made over the last few years has reinforced its confidence in the shipping of its earnings and returns goals for 2025. further, it's far now aiming to keep growing EBITDA through to 2030.

It's critical to show BP's graduate recruiters that you percentage BP's five middle values: safety, respect, excellence, one crew, and braveness.

Learn more about Bp's expansion here: brainly.com/question/15043209

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6 0
2 years ago
justin Lowery is buying a condominium that sells for $ 150,000. The bank is requiring a minimum down payment of 18​%. To obtain
Murrr4er [49]

Answer:

$123,000

Explanation:

Data provided in the question:

Selling cost of the condominium = $150,000

Minimum down-payment required = 18%

Interest rate on mortgage = 9.5%

Now,

Cost of mortgage

= Selling cost of the condominium - Minimum down-payment required

or

= $150,000 - ( 18% of $150,000 )

or

= $150,000 - $27,000

or

= $123,000

3 0
3 years ago
Compute the present value of​ $46,000, invested for six years at​ 8%. Present value of​ $1: ​5% ​6% ​7% ​8% ​9% 3 0.864 0.840 0.
Novay_Z [31]

Answer:

$72,996.20

Explanation:

PV=X(1+i)^n

i=8/100 = 0.08

X=$46,00

n=6

PV=46000 ( 1 + 0.08)^6

Pv=46000(1.08)^6

Pv=46000(1.586874)

Pv=72996.204

Pv=$72996.20

The present value of $46000 invested for six years at 8% is $72,996.20

6 0
3 years ago
What is the importance of clay in human life
Stella [2.4K]

Answer: Fun Fact: Clay is an important part of soil because it contains nutrients that are essential to plant growth

Explanation:

3 0
3 years ago
When a company leases an asset, the party that owns the asset is referred to as the____ and the party pays for the right to use
vazorg [7]

Answer:

Lessor; Lessee

Explanation:

When an asset is leased, the ownership of the asset is retained with the original owner before the lease arrangement. This party is known as the Lessor and he receives regular lease payments for the use of his property by the other party.

The other party to whom the asset is leased and who uses the property is know as the Lessee. The Lessee pays the lease payments to the Lessor for the use of the property. Once the lease arrangement ends, the Lessee stops his use of the property.

4 0
3 years ago
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