All categories

2 years ago

At what amount is a short-term notes receivable recorded on the issue date?

Business

1 answer:

laiz [17]2 years ago

6 0

Answer:

At face value

Explanation:

Short term notes are always recorded at face value, and that applies to both interest and non-interest bearing short term notes.

Non-interest bearing long term notes must be recorded at their discounted value, i.e. you must discount the long term note' face value by the discount rate used by the company.

You might be interested in

When the lender provides the borrower with an amount of funds that must be repaid to the lender at the maturity date, along with

xxMikexx [17]

Answer:

This is called a simple interest rate. When the loan amount must be repaid to the lender at the maturity date, along with an additional payment for the interest.

To calculate simple interest rate, the interest rate payment is divided by the loan amount.

Explanation:

This is called a simple interest rate. When the loan amount must be repaid to the lender at the maturity date, along with an additional payment for the interest.

To calculate simple interest rate, the interest rate payment is divided by the loan amount.

4 0

3 years ago

People holding money in anticipation that bond yields will rise is an example of

Anton [14]

Money demand for transactions

6 0

3 years ago

When Anastasia sells her Tesla common stock at the same time that Roman purchases the same amount of Tesla stock, Tesla receives

Ivenika [448]

Answer: Nothing

Explanation:

When Anastasia sells her Tesla common stock at the same time that Roman buys the same amount of Tesla stock, then Tesla will receive nothing.

Forur example, let's assume that Anastasia sells her Tesla common stock which was worth $2000 and Roman buys the same amount of Tesla stock, which was $2000. Then Tesla will get: $2000 - $2000 = 0. Therefore, the answer is nothing.

7 0

3 years ago

The goals scored per game by a soccer team represent the first quartile for all teams in a league. what can you conclude about t

nirvana33 [79]

Actually the quartile represents in what rank or order the team is when all the goals per team is arranged in ascending order. So for example since the team is on the first quartile, so this means it is on the 25% of the ranking. Hence we can say that:

“the team scored fewer goals per game than 75% of the teams in the league”

3 0

3 years ago

The opportunity cost of attending college is likely to be highest for a high school graduate Choose one: A who is very intellige

Valentin [98]

Answer:

B. who can immediately take over the family business

Explanation:

Option A is wrong because opportunity cost is not related to intelligence.

Option C is not correct because a high school graduate and a college attending student can access to student loans.

The family's wealth can not be a factor in terms of opportunity cost of attending college or a high school graduate. Therefore, option D is incorrect.

Option B is correct as a college attending student cannot take over the family business. So, it is his opportunity cost. On the other hand, a high school graduate can take over the business.

8 0

3 years ago