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OverLord2011 [107]
3 years ago
12

On April 12, Hong Company agrees to accept a 60-day, 10%, $5,900 note from Indigo Company to extend the due date on an overdue a

ccount. What is the journal entry needed to record the transaction by Indigo Company
Business
1 answer:
frutty [35]3 years ago
5 0

Answer and Explanation:

The Journal entry is here below:-

Accounts Payable Dr, $5,900

           To Notes payable $5900

(Being the note payable is recorded)

we are debited the accounts payable as it decreased the liabilities and we credited the notes payable as it increased the liabilities in order to do the correct journalizing and posting

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Which career cluster is the job of Elementary School Principal most likely a part of?
JulijaS [17]

Answer:

the Education and Training cluster

Explanation:

The Education and Training career cluster comprises of tutors, teachers, and instructor professionals. The Elementary School Principal is a trained teacher. He or she has specialized in elementary education, besides the normal teacher training.

The education cluster also employs school counselors and psychologists who offer support, guidance, and counseling services to students.

5 0
3 years ago
Read 2 more answers
Why is vocabulary important?<br> What is Promotion?<br> Why is Promotion important in marketing?
Igoryamba

Why is vocabulary important? Your vocabulary is important because it allows others to better understand the message you are trying to convey. Readers and listeners will not be able to understand what they are looking at if they can not understand the words being used. Also, in business and the corporate world, vocabulary is important to make sure the correct terminology is being used for the consumer to understand.  

What is Promotion? A promotion is an item or service that helps publicize a product or organization to increase their sales or awareness. A promotion typically draws attention to the business and helps them expand their consumer base.  

Why is Promotion important in marketing? A promotion is important in marketing to attract new consumers as well as remind loyal consumers of the brand. A promotion may also be used when demonstrating a new release item to bring awareness.

8 0
3 years ago
Giving brainliest to the best answer. also, i know that the answer is not a or c.​
Ierofanga [76]

Answer:

B iam sorry if im wrong but I have a strong feeling its b

6 0
3 years ago
To retain high-performing engineers, a large semiconductor company provides corporate stock as part of the compensation package.
ki77a [65]

Answer:

class A stocks

Explanation:

in 5 years, class A stock will be worth = $30 x (1 + 6%)⁵ = $40.15

in 5 years, class B stock will be worth = $20 x (1 + 12%)⁵ = $35.25

now we need to determine the present value if each stock:

class A stock present value = $40.15 / (1 + 8%)⁵ = $27.33

class B stock present value = $35.25 / (1 + 8%)⁵ = $23.99

since the present value of class A stock is higher, then the engineers should select that type of stocks.

8 0
3 years ago
Tristan transfers property with a tax basis of $1,255 and a fair market value of $1,570 to a corporation in exchange for stock w
AlladinOne [14]

Answer: $1531

Explanation:

The corporation's tax basis in the property received in the exchange will be the addition of Tristan's Tax basis and the gain that's recognized on exchange by Tristan.

The gain realized will be:

= $1,570 - $1,255

= $315

Boot received = $276

Therefore, lower of $315 or $276 is $276.

The corporation's tax basis in the property received will then be:

= $1255 + $276

= $1531

4 0
3 years ago
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