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NemiM [27]
3 years ago
15

Federal Bank of America has loaned $9,000 to Southgate Animal Hospital, using a 90-day non-interest-bearing note. The bank disco

unted the note at 8%. The debit to Discount on Notes Payable in the general journal will be in the amount of
Business
1 answer:
eduard3 years ago
7 0

Answer: $180

Explanation:

From the question, Federal Bank of America has loaned $9,000 to Southgate Animal Hospital, using a 90-day non-interest-bearing note. The bank discounted the note at 8%.

Therefore, the debit to Discount on Notes Payable in the general journal will be:

= $9,000 × 8% × 90/360

= $9,000 × 8/100 × 1/4

= $9,000 × 0.08 × 0.25

= $180

The correct answer is $180

It should be noted that we used 360 days for a year.

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Suppose that in a certain community, 40% of the residents would answer "yes" to the question, "do you know the names of at least
juin [17]

Answer:

The proportion of people in your sample whose response is yes=40 people

Explanation:

<em>Step 1: Determine the statistical proportion that will say yes</em>

Proportion=40%=40/100=0.4

<em>Step 2: Determine the proportion in the sample that will say yes</em>

The proportion in the sample can be expressed as;

P=S×Z

where;

P=proportion in the sample

S=statistical proportion

Z=sample size

In our case;

P=unknown to be determined

S=40%=40/100=0.4

Z=100

replacing;

Proportion in the sample=0.4×100=40

The proportion of people in your sample whose response is yes=40 people

7 0
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arlik [135]
Products known as disinfectant
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The gross increases in retained earnings attributable to business activities are called
insens350 [35]
They are called revenues.
3 0
3 years ago
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Lorico [155]

Answer: $237070

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The amount that Novak should report as its December 31 inventory will be:

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8 0
3 years ago
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Lisa [10]
The answer to this question is <span>diminishing market opportunities and stagnating sales in its principal business.
Companies should only consider diversification if the previous product that thye make is already succesful and they have enough capital to pursue another segment of the market. If the sales is still stagnant,  it best to use the capital to reinvest in the current product until the growth is assured. (or even just stop the production for that product and start pursuing another)</span>
8 0
3 years ago
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