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
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.

You might be interested in
Prepare various types of budgets
chubhunter [2.5K]
I’m happy to answer this question if you can give me more detail.
6 0
3 years ago
How much taxes you pay on a 100k salary in new york state?
Xelga [282]
A lot more than 100k I believe
5 0
2 years ago
A technician is talking to end users about the specifications for an upgraded application server. The users of the application r
grigory [225]

Answer: RAID 10

Explanation: RAID is a data storage technology that joins various physical disk drives into 1 or more logical units. The aim of this is to improve performance, reduce data redundancy, or to incorporate both of these aspects.

RAID 1+0 or RAID 10, makes use of a minimum of 4 disks, to stripe data across these disks in pairs. This action combines disk striping with disk mirroring to protect data. Data is retrieved so long as 1 disk in the mirrored pair is operational. These functions can improve the system that the technician is trying to fix.

6 0
3 years ago
Suppose Cook Plus manufactures cast iron skillets. One model is a​ 10-inch skillet that sells for $ 24. Cook Plus projects sales
ioda

Answer:

Production= 750 units

Explanation:

Giving the following information:

Cook Plus projects sales of 675 ​10-inch skillets per month.

Cook Plus has 60 ​10-inch skillets in inventory at the beginning of July but wants to have an ending inventory equal to 20​% of the next​ month's sales.

TO calculate the production required, we need to use the following formula.

Production= sales + desired ending inventory - beginning inventory

Production= 675 + (0.2*675) - 60

Production= 750 units

4 0
3 years ago
An insurance policy sells for ​$1200. Based on past​ data, an average of 1 in 100 policyholders will file a ​$10 comma 000 ​clai
Tanzania [10]

Answer:

Expected Value = $740

Expected profit = $22.2m

Explanation:

We can easily calculate the expected value and expected profit/loss in this situation by some minor working

Expected values = Expected Claim - per policy cost

Expected profit/loss = (Expected claim - per policy cost) x number of policies

As you can see per policy cost and no of policies are given in the question data we just need to find expected claim for calculation of expected profit or loss and expected value

Expected Claim = (1/100x$10,000)+(1/250x$40,000)+(1/400x$80,000)

Expected Claim = 100 + 160 + 200

Expected Claim = 460

Now we have a value of expected claim lets put it into Expected profit/loss formula and expected value formula

Expected value = 460-1200

Expected value = -740

-$740 is the value per policy

Expected profit/loss = (460 - $1200 per policy) x 30,000

Expected profit or loss = -22,200,000

Expected loss to the customer = -$22.2 m

Expected profit for the company = $22.2m

3 0
2 years ago
Other questions:
  • The amount borrowed when taking out a loan
    15·1 answer
  • The sarbanesminus−oxley act of 2002 resulted in​ ________.
    15·1 answer
  • What might be considered an example of a ruthless business tactic?
    7·1 answer
  • Eagle, Inc. is a manufacturer and distributor of consumer products in the U.S. It has a wholly owned foreign subsidiary, El Rio,
    13·1 answer
  • When leasing nonresidential properties,owners would prefer to rent exclusively to high quality tenants.Such owners will tend to
    15·1 answer
  • Carson Lee, a staff accountant, is a working on some research for his partner, Joe Davis. Joe has asked Carson to find the prope
    9·1 answer
  • Farris Billiard Supply sells all types of billiard equipment, and is considering manufacturing their own brand of pool cues. Mys
    8·1 answer
  • What advertising technique focuses on the positive and ignores any negative aspects in the product? Glittering Generalities Weas
    15·1 answer
  • The pattern for credit receivables collections are 60% month of sale, 30% month after sale and 10%second month after sale. What
    5·1 answer
  • HELP QUICK PLEASE!!!!! William is not generally a risk-taker, but he knows he may need to step out of his comfort zone to make e
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!