Answer: generally charge interest from the day they are signed to the day they are collected.
Explanation:
Accounts Receivable show that a customer is owing a certain amount of money for goods that they took on credit. The customer gets to pay back a maximum of the amount of goods they actually bought because no interest is charged.
This changes with the Notes Receivable. These accrue interest from the day they are signed such that the customer will then pay the value of the notes receivable as well as the interest that it accrues on the day it is collected.
Notes Receivables are usually used by customers who are unable to pay off the accounts receivables within a certain period and so opt for a note receivable avenue instead.
your company has developed and implemented countermeasures for the greatest risks to their assets. however, there is still some risk left. The remaining risk is called residual risk
<h3>What is residual risk?</h3>
The residual risk is the risk left for an individual or organization to face after the main danger have been removed.
The effects is usually not as high as the main risk associated to the work.
Learn more on residual risk below
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Explanation:
SUB-TOTAL:
The total for a part of a list of numbers being summed.
TOTAL:
An amount obtained by addition of smaller amounts.
Answer: Be undertaken because the rate of return is 5 percent greater than the interest rate
Explanation:
Given the following ;
Revenue increase = $10,000
Cost of machine = $8,000
Calculating the Rate of Return on the investment ;
FV = PV × (1 + r)^n
FV = Revenue increase = $10,000
PV = Cost of machine = $8000
n = period = 1 year
r = rate of return
$10000 = $8000 × (1 + r) ^1
1 + r = $10,000 ÷ $8,000
1 + r = 1.25
r = 1.25 - 1
r = 0.25 = 25 %
Interest rate = 20%
Rate of Return on investment = 25%
Rate of Return is 5% greater than interest rate
