1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
One example of the role of democracy in education is
erma4kov [3.2K]
I’m pretty sure the answer is C. To cultivate responsibility in our students
5 0
3 years ago
Swifty Company has identified that the cost of a new computer will be $30000, but with the use of the new computer, net income w
klio [65]

Answer:

10.0 years

Explanation:

The computation of the payback period is shown below

We know that

Payback period = initial cost ÷ increase in net income

= $30,000 ÷ $3,000

= 10 years

As the depreciation expense is a non-cash expense so we dont considered it

Therefore the first option is correct

8 0
3 years ago
When a non-price factor changes--such as technology, expectations, prices of related goods, prices of inputs, or the number of s
ludmilkaskok [199]

Answer:

The answers are:

  1. D) Supply and the entire curve shifts.
  2. D) Quantity supplied and the supply curve does not shift.

Explanation:

1. When non price factors (that affect the supply of a product) change, then the whole supply curve shifts and the quantity supplied will vary.

For example, new machinery that produces goods in a more efficient way, will shift the entire supply curve to the right. Suppliers will be able to produce more goods at the same costs.

2. A change in the amount of goods produced due to a change in price, is a change in the quantity supplied of that product. Suppliers will produce more goods at higher prices. But those changes in the quantity supplied happen follow the supply curve.

5 0
3 years ago
What do you know about the company/organization you wish to work for?
Masja [62]

Explanation:

Financial health of the company.

Company's brand value.

Work culture and environment.

wages and salary ofc

4 0
3 years ago
Holding all other things constant, if the expected unit sales increase, then the markup under absorption costing will:_________
Veseljchak [2.6K]

Holding all other things constant, if the expected unit sales increase, then the markup under absorption costing will It increases 11.11% to 20% by the increase in units.

A water-soaked paper towel is an example of absorption. If you dip a crayon into the ink for a while, it will take on the color of the ink through absorption. Oxygen and carbon dioxide dissolves in water by absorption. Absorption of ammonia gas by water.

Absorption is the process by which digestive products are taken into the blood to nourish the rest of the body. During absorption, digestive products are carried through the mucous membranes into the blood or lymph.

Learn more about   absorption  here

brainly.com/question/26061959

#SPJ4

3 0
2 years ago
Other questions:
  • In Marketing in the News, we heard that Michelin tire company is running a new sales promotion. What did we hear the company is
    9·1 answer
  • Ashley Inc.’s total value is $950 million. Its balance sheet shows $100 million of accounts payable, $100 million of notes payab
    10·1 answer
  • In market economy a high price is a signal for Group of answer choicesproducers to supply less and consumers to buy more produce
    5·1 answer
  • Karen bought a mixer. She received a warranty that covers only certain aspects of the product. If the product fails, she may be
    8·2 answers
  • business ethics chapter 7 emily, a website designer, is hired by an organization to create an internal website that contains inf
    7·1 answer
  • Marketing là công việc của người bán. Đúng hay sai
    11·1 answer
  • Christian Company manufactures a part for its production cycle. The annual costs per unit for 5,000 units of the part are as fol
    11·2 answers
  • Which law signed by president george w. bush, allowed for more economic freedom amongst different kinds of businesses on the 401
    11·1 answer
  • The nielsen company provides ratings for the tv industry. ratings are calculated from what sources? (multiple correct answers -
    14·1 answer
  • If the required reserve ratio is 10 percent, a $100 deposit will ultimately allow the banking system to create how much money?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!