Answer:
The Parry Glitter Company
The Parry Glitter Company should record the Notes Receivable as $300,000.
It should also record the interest receivable per year as $24,000 and the advertising cost as $24,000 per year. These bring into the accounting records the interest revenue and also the advertising expense, which eventually cancel each other.
Step-by-step explanation:
a) Data and Calculations:
Notes Receivable = $300,000
If the notes receivable are repaid at the end of 3 years and it is assumed that the interest on the notes receivable = 8%
Therefore, the cost of the free advertising will be equal to $24,000 ($300,000 * 8%), which is the cost of the interest to the radio station.
The two numbers are <u>19 and 52.</u>
<h3>
EXPLANATION</h3>
19 x 3 = 57, 57 - 5 = 52, 52 - 19 = 33.
Hope this helps!
The equation of the line is 
<u>Step-by-step explanation:</u>
- The line passes through the point (2,-4).
- The line has the slope of 3/5.
To find the equation of the line passing through a point and given its slope, the slope-intercept form is used to find its equation.
<u>The equation of the line when a point and slope is given :</u>
⇒ 
where,
- m is the slope of the line.
- (x1,y1) is the point (2.-4) in which the line passes through.
Therefore, the equation of the line can be framed by,
⇒ 
⇒ 
Take the denominator 5 to the left side of the equation.
⇒ 
Now, multiply the number outside the bracket to each term inside the bracket.
⇒ 
⇒ 
Divide by 5 on both sides of the equation,
⇒ 
Therefore, the equation of the line is 