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3 years ago

Notes receivable:_______.

Business

1 answer:

Phoenix [80]3 years ago

5 0

Answer:

D. are supported by a promissory note

Explanation:

Notes receivable defines as a written agreement or promise that is to be received in a future date

It is a mix or combination of both the principal and the interest

It is shown in the current asset side of the balance sheet and it contains the debit balance. Moreover, it is also supported by the promissory note.

Hence the correct option is d.

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What is the net present value of the following stream of cash flows if the discount rate is 11.5%?

koban [17]

Answer:

-$86.05

Explanation:

The computation of the net present value is shown below:

Year Cash flow Discount factor @11.5 Present value

0 $379 M 1 -$379 M

1 $105 M 0.8968609865 $94.17 M

2 $78 M 0.8043596292 $62.74 M

3 $79 M 0.7213987706 $56.27 M

4 $65 M 0.6469944131 $42.05 M

5 $65 M 0.5802640476 $37.72 M

NPV -$86.05 (Difference)

The discount factor should be computed below

= 1 ÷ (1 + rate) ^ years

5 0

3 years ago

Pork barrel projects are approved because they do what?

stiv31 [10]

Hello!!
It’s number ,c hope this helps

6 0

2 years ago

When Coca-Cola saw the growth of the bottled water category, they launched Dasani, its brand of bottled water. Which brand devel

kolbaska11 [484]

Answer: New brand.

Explanation:

The Coca-Cola company launched it's new brand of bottled water into the market. A brand is a name given to a particular product/service by which it can easily be identified.The Disani water is a new brand introduced into the market by which the Coca-Cola water products would be identified.

3 0

3 years ago

A firm which prepares its financial statements according to U.S. GAAP and uses a periodic inventory system had the following tra

saveliy_v [14]

Answer:

B. $4,342 using weighted average.

Explanation:

Note: The data in this question are merged together. They are therefore sorted before answering the question. See the attached pdf file for the complete question with the sorted data.

The explanation to the answer is now given as follows:

Also note: See the attached excel file for the calculations of cost of sales using FIFO, LIFO and Weighted Average methods (in red color).

First In First Out (FIFO) refers to the inventory method whereby the inventory items purchased first are sold first.

Last In First Out (LIFO) refers to the inventory method whereby the inventory items purchased last are sold first.

Weighted average cost method refers an inventory costing technique whereby the average cost per unit is calculated by dividing the total cost of the goods available for sale by the total number of units available for sales.

From the question, we can obtained:

Total Tons (000s) Sold = May Sales + November Sales = 5 + 3 = 8

From the attached excel file, we have:

Weighted average unit cost = Total Cost ($'000s) / Total Tons (000s) Available for Sales = 5,970 / 11 = $542.73

Cost of sales under weighted average = Total Tons (000s) Sold * Weighted average unit cost = 8 * $542.73 = $4,342

Therefore, from the attached excel file and the calculations above, the correct option is B. $4,342 using weighted average.

Download xlsx

4 0

3 years ago

Nipennie and Mirasa, two developing countries, bartered cotton for jute rather than for currency. In this scenario, the two coun

34kurt

Nipennie and Mirasa, two developing countries, bartered cotton for jute rather than for currency. In this scenario, the two countries engaged in counter-trade.

Explanation:

Counter-trade is an internal mode of trade through which products and services are traded instead of hard currency for any other products or services. For developing nations with restricted exchange or credit services, this form of global trade is more prevalent.

Counter-trade can be divided into 3 main categories: trade, counter purchase and reimbursement.

The earliest counter-trade practice is bartering. An important advantage of counter trade is that it makes foreign exchange savings simpler. Complex agreements, increased costs and logistic problems are rising drawbacks of counter trade.

3 0

3 years ago