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myrzilka [38]
3 years ago
8

On January 1, Year 1, Burrows, Inc. received $8,900 and agreed to pay $10,000 on January 1, Year 3. The market rate of interest

is 6% compounded annually. Assuming Notes Payable includes the accrued interest through year-end December 31, Year 2, the journal entry to record the payment of this note on January 1, Year 3 includes a ______.
Business
1 answer:
Snezhnost [94]3 years ago
4 0

Answer:

The correct journal entries should be:

January 1, Year 3

Dr Notes Payable account 10,000

Cr Cash account 10,000

Explanation:

Since Cash account is an asset, it should be credited when it decreases.

Since Notes Payable account is a liability, it should be debited when it decreases.

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Which of the following statements is true regarding innovation in organizations?A) Organic structures negatively influence innov
aleksandrvk [35]

Answer:  Option E                                                                    

Explanation: In simple words, innovation refers to the process under which a task can be done in a new and efficient manner.

Business organisation that focuses on innovation always struggle to keep learning so that they can make their business more efficient by using new methods. Innovation can help an organisation to to make a competitive advantage in the market.

Innovating firms celebrates both success and failures as both if it will eventually lead to a lesson for them.

3 0
3 years ago
Rose works in the human resources department of Spartan, makers of athletic clothing, shoes, and accessories. Celebrity athletes
Daniel [21]

Answer: the story of a veteran that was a cashier and competed in the annual spartan games.

Explanation:

In most businesses stories pass a lot of information that makes the consumers have an interest in products. It's believed most times that behind every product there is a story and this story most times are channeled in ways to communicate into sales. Rose on training the new employees will give them informative talk that includes a story about the company on a wounded war veteran who got employed as a cashier at a local spartan store and despite his condition of using prosthetic arm, participated in the annual spartan games.

4 0
3 years ago
Cash receipts from sales of property plant and equipment (ppe)are cash flows arising from?​
VMariaS [17]

Answer:

Investing activities

Explanation:

Investing activities refer to the activities of purchasing and selling long-term assets or other investment instruments.  Cash flow from investing activities is among the three primary sources of a business's cash flows as recorded in a cash flow statement.

Other activities that are considered investing activities include

  1. Acquisitions of other firms or businesses
  2. Incomes from the sale of other businesses
  3. Purchases or sale of marketable securities such as shares, bonds, etc
3 0
3 years ago
In Russia, suppose GDP per capita grows by 9.0 % per year for 31 years . By how many times does this economy grow?
makkiz [27]

Answer:

Russian Economy will grow by 14.46 times using 9% per year growth for 31 years.

Explanation:

Growth Rate = g = 9% = 0.09

Number of years = n = 31 years

Number of time economy grow = ( 1 + growth rate )^number of years

Number of time economy grow = ( 1 + g )^n

Number of time economy grow = ( 1 + 0.09 )^31

Number of time economy grow = 14.46 times

So, Russian Economy will grow by 14.46 times using 9% per year growth for 31 years.

8 0
3 years ago
A major advantage to a business residence situation is_____
PolarNik [594]

Answer:

Difficult but if you are try it will be easier to you

3 0
3 years ago
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