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3 years ago

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

1 answer:

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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One year ago, you purchased 350 shares of Titan Wood Products for $63.17 per share. The stock has paid dividends of $.71 per sha

Archy [21]

Answer:

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2 years ago

Evertz Metals buys and stockpiles dolomite to use in its smelting processes. Before all this dolomite is used, however, they al

insens350 [35]

Answer:

a carrying cost

Explanation:

A carrying cost -

It is the amount which is paid for holding the inventory in the stock , is referred to as a carry cost.

It is also called inventory costs , holding costs.

Carrying cost includes the insurance , the amount spend on the stage of the products , employees cost and includes costs .

Hence, from the given scenario of the question, the correct term for the given options of the question is a carrying cost.

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2 years ago

When Excedrin introduced its new Excedrin Migraine into its product line of pain relievers, it was introducing what is called a:

NISA [10]

Answer:

1) Line extension

Explanation:

A product line is made up of a group of products manufactured by the same company and all of them are branded under the same name, e.g. Coke, Diet Coke, Coke Zero

When companies extends their product line, they are adding new products to an existing product line, benefiting from consumers' loyalty to the existing brand.

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3 years ago

Demand for a certain product is forecast to be 800 units per month, averaged over all 12 months of the year. The product follows

laiz [17]

Answer:

Demand in January will be 640 units

So option (C) will be the correct option

Explanation:

We have given average demand for a particular product is 800 units

And seasonal index = 0.8

We have to find the demand in a particular session , that is in January

We know that seasonal index is given by

$Seasonal\ index=\frac{demand\ in\ a\ particular\ season}{average\ demand}$

So $0.8=\frac{demand\ in\ January}{800}$

So demand in January = 640

So option (c) will be the correct option

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2 years ago

which costs of inflation could the government reduce without reducing inflation? a. arbitrary redistributions of wealth b. shoel

Ilya [14]

Answer:

A is the correct answer.

Explanation:

Inflation causes an arbitrary redistribution of wealth and income. Unexpected inflation is responsible for it. The redistribution of income is caused because the wages and salaries increase rapidly the prices. and other wages and salaries slowly than the price level. The increase in the prices of some assets more rapidly than the price level while the asset prices increase slower than the price level causes the redistribution.

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2 years ago