1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
andrew-mc [135]
3 years ago
9

Sheridan Company receives a $14000, 3-month, 8% promissory note from Carla Vista Company in settlement of an open accounts recei

vable. What entry will Sheridan Company make upon receiving the note?
Business
1 answer:
Pie3 years ago
3 0

Answer and Explanation:

The journal entry to record while receiving the note is shown below:

Notes receivable  Dr. $14,000

          To Accounts receivable $14,000

(Being receiving of the note is recorded)

Here the note receivable is debited as it increased the assets and credited the account receivable as it decreased the assets

The same is to be considered

You might be interested in
An hourly employee works 40 regular hours during a pay period. His base pay
ioda
C is the awnser :)!!!
4 0
3 years ago
Bond issuance: 20% of total funds, requires 15% interest per year Bank loan: 60% of total funds, requires 9.5% interest per year
Anettt [7]

Answer: 28.57%

Explanation:

Average return given the variables will be;

Average rate of return = \frac{Annual net income}{Average investment}

Average rate of return = \frac{1,000,000}{\frac{7,000,000}{2} }

Average rate of return  = 1,000,000/3,500,000

Average rate of return = 28.57%

4 0
3 years ago
William is thinking about raising funding for his new business. To get advice on how to proceed, he stopped by his local Small B
MakcuM [25]

Answer:

<em>business plan</em>

Explanation:

A business plan <em>is a written overview of the future of your business, a document that shows you what to do and how to do it.</em>

When you write down a section outlining your business strategy on the back of an envelope, you've written a plan or at least one's gem.

Business plans are strategic intrinsically.

5 0
3 years ago
Students get 15% discount off the original prices at the everything flourescent store during it's back to school sale. find the
storchak [24]
$9.40
They are paying 85% of the regular price..
so $7.99/ .85 = $9.40
4 0
3 years ago
The firms that a company partners with to actively promote and sell a product as it moves through its marketing channel to end u
Tcecarenko [31]

Answer:

Option B                          

Explanation:

A commercial co-operation or marketing alliance is a collaboration between at minimum two organizations on the supply chain basis with the goal of combining similar qualifications or services to leverage the maximum potential of a sector.

Marketing partnerships are reasonable if two firms ' marketing objectives can be coupled with a meaningful output metric for the final consumer. Effective marketing partnerships produce "win-win-win" circumstances that deliver value not just to partner businesses and also to their consumers.

Thus, from the above we can conclude that the correct option is B.

4 0
3 years ago
Other questions:
  • Gabriela took out a five-year fixed-rate loan from a bank so that she could purchase a car. Over the life of the loan, the infla
    6·2 answers
  • Suppose that a worker in agland can produce either 10 units of organic grain or 2 units of incense per year, and a worker in zen
    8·1 answer
  • EA10.
    10·1 answer
  • An individual buys stock at $40 per share. Many years later, the individual dies when the market value is $60. The estate distri
    13·1 answer
  • How does the financial market impact the economy?​
    9·2 answers
  • A corporation has issued 10% convertible debentures, convertible into 40 shares of common stock. The current market price of the
    12·2 answers
  • Which best describes why investing can be such a challenge?
    11·2 answers
  • Machinery was purchased for $380000. Freight charges amounted to $16000 and there was a cost of $30000 for building a foundation
    13·1 answer
  • What do u want to be when u grow up
    9·2 answers
  • An increase in the supply of grain will reduce the total revenue grain producers receive if.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!