Work In Process Inventory 66,000
Manufacturing Overhead 9,000
Raw Materials Inventory 75,000
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The correct option is (c) note receivable
A formal credit arrangement between a creditor and debtor is called note receivable.
<h3>What receivable means?</h3>
Receivables, sometimes referred to as accounts receivable, are sums of money owing to a business by its clients for products or services that have already been provided or utilized but have not yet been paid for.
<h3>Is note receivable a debit or credit?</h3>
debit
Notes receivable typically have a debit balance. Debits increase notes receivable and credits decrease them, just like with other assets.
<h3>What type of account is notes receivable?</h3>
The value that a company is owed in promissory notes is recorded as notes receivable, which makes them an asset.
To learn more about note receivable visit:
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Answer:
The answer is: Logan has priority.
Explanation:
Priority is always given to the party that files it first. In this case, Logan and Burt signed a security agreement on January 2 and a financing statement on January 3 that was filed by Logan.
On January 4, Burt sold his ring to Tiilo, but he did it after Logan filed the statement.
Option D , 15,100
Solution:
The formula for net income is calculated through total expenditures subtracted from total revenues.
Net Income = Service Revenue - Salary Expense - Repairs Expense - Supplies Expense - Gasoline expense
= $22,800-$4,500-$800-$1,600-$800
= $15,100
Net Income = $15,100
Graphic designers create visual concepts, using computer software or by hand, to communicate ideas that inspire, inform, and captivate consumers. They develop the overall layout and production design for applications such as advertisements, brochures, magazines, and reports.
