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vladimir2022 [97]
3 years ago
6

In calculating the bank discount when discounting an interest bearing note, which one of the following is not used in calculatio

n? A. Bank discount rate
B. Maturity value
C. Principal proceeds
D. Discount period
Business
2 answers:
Anna71 [15]3 years ago
4 0
<span>In calculating the bank discount when discounting an interest bearing note, the one that is not used in calculation is: D. Discount period

Here is the equation that used in interest bearing note:
The Principle proceeds + bank discount = Maturity Value

Discount period only determines the amount of time vendor willing to pay for a product in cash.</span>
____ [38]3 years ago
4 0

The correct choice is "C. Principal Proceeds".  This answer is 100% correct

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All of the following are weaknesses of the payback method except:_______.
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Answer:

Correct Answer:

d. none of the above

Explanation:

Payback method is a simple accounting method used to projects incoming cash flows from a given project and identifies the break even point between profit and paying back invested money for a given process.

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3 years ago
Because there are some positive aspects of bureaucracy, as proposed by Max Weber, Tammy, a restaurant manager, is interested in
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Answer:D) Rational, efficient, ideal organization based on principles of logic.

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Like Max Weber, Tammy shares the same view that Bereaucracy is a Rational, efficient, ideal organization based on principles of logic.

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3 years ago
The costs of bringing a corporation into existence, including legal fees and promoter fees, are called:
Novay_Z [31]

Answer:

organization expenses.

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On April 2, Granger Sales decides to establish a $290 petty cash fund to relieve the burden on Accounting.
aliya0001 [1]

Answer and Explanation:

The journal entries are shown below:

On Apr 2

Petty cash $290

           To Cash  $290

(Being the establishment of the petty cash fund is recorded)

For recording this we debited petty cash as it increased the cash and credited the cash as it reduced the assets

On Apr 10

Mail & Postage $62

Contributions and Donations $33

Meals & entertainment $114

Cash Short and Over $4     ($290 - $62 - $33 - $114 - $77)

                       To Cash  $213

(Being the replenishment of the fund is recorded)

For recording this,  we debited the mail & postage, contributions & donations, meals & entertainment as it increased the expenses and credited the cash as it reduced the assets and the balancing figure is debited to cash short and over

On Apr 11

Petty Cash $140    ($430 - $290)

         To Cash  $75

For recording this we debited petty cash as it increased the cash and credited the cash as it reduced the assets

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3 years ago
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