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olchik [2.2K]
2 years ago
8

Will give brainliest! 30 pts

Business
1 answer:
liraira [26]2 years ago
4 0

Answer:

The answer is C and I am sure about that, so choose C

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on december 1, bright company receives a 6% interest-bearing note from galvalume company to settle a $20,000 account receivable.
andreyandreev [35.5K]

At December 31, bright should record interest revenue of $100. Money gained by lending money or money acquired from depositing or investing can both be referred to as interest revenue.

Is interest revenue a liability or an asset?

If a company anticipates receiving the interest payment within the year, it typically records the interest receivable as a current asset on its balance sheet. Companies that collect interest from loans view this revenue as a significant source of income that belongs at the top of the income statement. It is the price of taking out a loan from a bank, financial institution, bond buyer, or another lender. In order to assist a business finance its operations, such as the acquisition of rival businesses or machinery, plant, and property, interest expense is incurred.

To learn more about interest revenue, refer to:

brainly.com/question/27992328

3 0
10 months ago
Which one is NOT considered an universal virtue?
Juli2301 [7.4K]

Answer:

B - happiness

Explanation:

cause it's not a must for a person to be happy

5 0
2 years ago
A purely domestic firm sources its products, sells its products, and raises its funds domestically
Yanka [14]

Answer:

The correct answer is option D.

Explanation:

A purely domestic firm can face competition from an MNC. An MNC has the advantage of more than one sources of inputs and more than one product market. But the domestic firm also possesses an advantage of having a thorough knowledge of the local market as they have operated there unlike MNCs.  

The domestic even though operating in the domestic territories may still face foreign exchange risk. This is because their competitors may be operating internationally.

3 0
2 years ago
True or false: The fundamental activities of a business are selling activities and marketing activities.
astra-53 [7]

Answer:

i think its false

Explanation:

6 0
3 years ago
On June 15th, Buehler Company sells merchandise on account to Chaz Co. for $1,000, terms 2/10, n/30. On June 20th, Chaz Co. retu
mestny [16]

Answer:

$ 686

Explanation:

Given:

Amount paid = $ 1000

Discount offered = 2/10 = 2%

Value of returned merchandise = $ 300

Cash received = $ 1000 - $ 300 = $ 700

now 2 % deduction for the return within the given return period

thus,

net cash received = $ 700 - ( 2% of $ 700 )

or

net cash received = $ 700 - $ 14

hence,

net cash received = $ 686

6 0
2 years ago
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