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kap26 [50]
3 years ago
6

When an interest-bearing note comes due and is uncollectible, the journal entry includes debiting

Business
1 answer:
Mamont248 [21]3 years ago
7 0

When an interest-bearing note comes due and is uncollectible, the journal entry includes debiting Accounts Receivable and crediting Notes Receivable and Interest Revenue.

Accounts receivable is money that is owed to a company by its debtors. The notes receivable is an account on the balance sheet that is included as an asset if the life of the item is less than a year old. Interest revenue is the earnings that a person or company makes off the investments that they are invested in - the interest that is saved and kept, revenue.

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Each parcel of land in a new development is selling for $15,000 and the total project revenue is estimated to be $5,000,000. The
USPshnik [31]

Answer:

The release price for each parcel is $13,215.

Explanation:

Release price for each parcel = [3500000/(5000000*80%)]*15000

                                                  = $13,215

Therefore, The release price for each parcel is $13,215.

5 0
3 years ago
Which of the following is not an example of safeguarding inventory? a.physical devices such as two-way mirrors, cameras, and ala
Talja [164]

Answer: The Option "d.returning inventory that is defective or broken" is NOT an example of safeguarding inventory.

Explanation: If we analyze the statements:

a.physical devices such as two-way mirrors, cameras, and alarms - These are all tools intended for protection against possible inventory theft.

b.storing inventory in restricted areas - Restricting access only to inventory-enabled personnel is able to protect the inventory much more than if anyone can access it.

c.matching receiving documents, purchase orders, and vendor's invoice - Controlling each of the purchase documents and performing the physical count reduces the possibilities of inventory differences for losses or errors.

d.returning inventory that is defective or broken - Returning the defective inventory is a post-echo action that occurred due to the unprotection of the inventory, therefore it could not be referred to as an example of inventory protection.

3 0
3 years ago
2 annual dividend on its common stock. The dividend is expected to increase at 6% per year indefinitely. If the required rate of
mixer [17]

Solution:

Given,

R= 16%

g= 8%

Calculate stock value ,

D_{1}=D_{0} x (1+g) ;

D1= 2.16

P0= ( 2.16/0.16 )-0.08

P0= $27

A value stock is a lower price protection exchange that can otherwise be implied by the performance of the company.

5 0
3 years ago
After years of tinkering and reverse engineering initiatives, Kimray had finally unlocked the secrets of the Beta tape format. A
Karolina [17]

The correct answer is A; Change in project scope.

Further Explanation:

The project has now changed drastically from Beta tapes to VHS. With this happening, all of the work they had did on the Beta tapes is now null. The company will now have to change the scope of their work to working with VHS tapes.

A few of the things that will have to be done to change the scope of project are;

  • quality can be changed or modified
  • new costs
  • new tasks
  • new deadlines
  • more money needed to invest
  • functions

Learn more about project scopes at brainly.com/question/13234457

#LearnwithBrainly

3 0
3 years ago
Danny "dimes" donahue is a neighborhood's 9-year-old entrepreneur. his most recent venture is selling homemade brownies that he
skelet666 [1.2K]

Answer:

A) Price elasticity of demand = 8

B) PED is elastic

C) increase Danny's total revenue

Explanation:

we can calculate the price elasticity of demand using the formula:

PED = % change in quantity demanded / % change in price = [(300 - 100) / 100] / [(1.5 - 2) / 2] = (200 / 100) / (-0.5 / 2) = 2 / 0.25 = 8

if the PED is the same when the price decreases from $1 to $0.50, total revenue will    :

  • when price = $1.50, total revenue = $1.50 x 300 = $450
  • when price = $1, total revenue = $1 x 1,100 = $1,100

*a 33.33% decrease in the price will cause a 266.6% increase (= 33.33% x 8) increase in the quantity demanded = 300 units + (300 x 266.6%) = 300 + 800 = 1,100 units

7 0
3 years ago
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