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Kazeer [188]
3 years ago
11

At December 31​ year-end, Cushion Corporation has a $9,000 note receivable from a customer. Interest of 4​% has accrued for 10 m

onths on the note. What will Cushion's financial statements report for this situation at December​ 31?
Business
1 answer:
exis [7]3 years ago
8 0

Answer:

The financial statement will report the note receivable of the amount of $9,000 and interest receivable of $300

Explanation:

Calculation for what Cushion's financial statements report for this situation at December​ 31

Based on the information given we were told that the Corporation has the amount of $9,000 as note receivable from a customer with an Interest of 4​% which has accrued for 10 months on the note which mean that the financial statements will report will report the note receivable of the amount of $9,000 and interest receivable of the amount of $300 at December 31 ​ which was calculated as :

Interest receivable =$9,000×0.04×10/12

Interest receivable =$300

Therefore the financial statement will report the note receivable of the amount of $9,000 and interest receivable of $300

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"An adolescent is to receive radioactive iodine for Graves' disease. Which statement by the client reflects the need for more te
Juli2301 [7.4K]

Answer: d) "The advantage of radioactive iodine is that I will not need future medication for my disease."

Explanation:

The treatment of Graves disease using radioactive iodine is meant to destroy the thyroid gland so that the person will see a reduced function from it.

This means that after the treatment is used, a lot of patients will need a thyroid replacement and will have to keep receiving treatments to maintain.

Essentially the radioactive iodine is not the last medication that will be taken for Graves disease.

3 0
3 years ago
Nouveaux Co. was incorporated at the beginning of this calendar year. Its articles of incorporation authorize 500,000 shares of
neonofarm [45]

Answer:

D) 270,000

Explanation:

The computation of the outstanding number of shares is shown below:

= (Issued shares - treasury shares)  × stock split ratio

= (100,000 shares - 10,000 shares) × 3

= 90,000 shares × 3

= 270,000 shares

Simply we deduct the treasury stock from the issued shares and then multiply it by the stock split ratio so that the correct amount of outstanding shares can come

7 0
3 years ago
The demand function for pork is:
nekit [7.7K]

Answer:

Equilibrium price= $3

Equilibrium quantity= 500 tons

Explanation:

At equilibrium, quantity demanded is equal to quantity supplied.

It was give that Income= $50,000

So Qd= 300- 100p +0.01(50,000)

Qd= 300- 100p + 500= 800- 100p

Also Cost is given as $5

So Qs= 200+ 150p- 30(5)

Qs= 200+150p- 150= 50+ 150p

At equilibrium Qd= Qs

800-100p= 50+ 150p

Rearranging you get

800-50= 100p+ 150p

750= 250p

750/250= p

$3= p

This is the equilibrium price, subsititute p in equation Qd= 800- 100p

Qd= 800- 100(3)

Qd= 800- 300= 500 tons

So 500 is the equilibrium quantity

7 0
3 years ago
Suppose the economy is producing at the natural rate of output. An open market purchase of bonds by the Fed will cause ________
bonufazy [111]

Answer:

The correct answers that fills the gap are: an increase; an increase.

Explanation:

Real GDP is based on one-year prices and allows a comparison of the production of a given country in different periods of time, by isolating changes in prices, perfectly reflecting net purchasing power, regardless of changes in Prices over time.

3 0
3 years ago
During annual inventory week, a department store may ask its employees to work 12 hours a day instead of the usual 8. During tax
Butoxors [25]

Answer:

False

Explanation:

Innovative Change is a change introduced by the management which encourages all the employees to achieve the target and goals set, with the boosted enthusiasm and the employees tend to accept such change.

An expected overtime from any department is not an acceptable change, and there is no innovation in such change.

Although if a working technique would have been introduced to reduce the time and increase the capacity of workers or accountants, that would be referred to innovative change.

7 0
3 years ago
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