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
finlep [7]
3 years ago
12

A business issued a 120-day, 5% note for $84,000 to a creditor on account. Journalize the entries to record (a) the issuance of

the note and (b) the payment of the note at maturity, including interest. Assume a 360-day year.
Business
1 answer:
sveta [45]3 years ago
3 0

Answer:

a. Issuance of note:

Date             Account title                                         Debit                   Credit

XX-XX          Accounts Payable                            $84,000

                    Notes Payable                                                                $84,000

b. The payment of the note at maturity, including interest. Assume a 360-day year.

Interest payment = 84,000 * 5% * 120/360

= $1,400

Date             Account title                                         Debit                   Credit

XX-XX          Note Payable                                    $84,000

                     Interest payable                               $1,400

                     Cash                                                                              $85,400

You might be interested in
Advertisements that feature promotions such as buy-one-get-one-free offers essentially signal that customers will get value in s
asambeis [7]

Answer:

<em>a. discriminative stimuli. </em>

Explanation:

Discriminative stimulus is a concept used as a step in the process recognized as operant conditioning in classical conditioning.

A discriminative stimulus is a form of stimulation which is regularly used to elicit a particular response and increases the likelihood of the intended response.

6 0
3 years ago
An important use of a hot stick is to_____?
jekas [21]
Protect them from electric shock
hope this helpss
7 0
3 years ago
It is necessary to retain information for two significant reasons: legal obligation and business needs. Data that occupies the c
baherus [9]

Answer:

The correct answer is letter "B": business.

Explanation:

Business data represents the information of the transactions a company carries out as a result of its operations. Information about suppliers and customers is recorded for control purposes and, mainly, to cover the legal obligation to report the accounting analysis of the firm in the Financial Statements.

Besides, the accounting information of a firm allows managers to compare budget expectations with the current performance of the company to take decisions on what course the entity should follow to reach its objectives.

6 0
3 years ago
You have $140,000 to invest in a portfolio containing Stock X and Stock Y. Your goal is to create a portfolio that has an expect
dedylja [7]

Answer:

Amount investment in Sock Y = - $126,000

Beta of portfolio = 1.636

Explanation:

Data provided in the question:

Total amount to be invested = $140,000

Stock                          X       Y

Expected return       14%     10%

Beta                          1.42     1.18

Expected return of portfolio = 17.6%

Now,

let the weight invested n stock X be W

therefore,

Weight of Stock Y = 1 - W

thus,

( W × 14% ) + (1 - w) × 10% = 17.6 %

or

14W + 10% - 10W = 17.6%

or

4W = 7.6

or

W = 1.9

Therefore,

weight of Y = 1 - 1.9 = -0.9

Thus,

Amount investment in Sock Y = Total amount to be invested × Weight

= 140,000 × ( - 0.9 )

= - $126,000 i.e short Y

Beta of portfolio = ∑ (Beta × Weight)

= [ 1.42 × 1.9 ] + [ 1.18 × (-0.9) ]

= 2.698 - 1.062

= 1.636

6 0
3 years ago
Xuechen graduated from culinary school at the top of her class, and signed an employment contract to work as a chef for one of C
antiseptic1488 [7]

Answer:

A) Yes, the employment contract has been breached, but the non-competition agreement has not been breached.

Explanation:

Xuechen signed a three year employment contract which she breached after a short time by quitting her job. The non competition agreement that she signed required her not to work as a chef for another restaurant, but since she is working as a manager, then she didn't breach that contract.

3 0
4 years ago
Read 2 more answers
Other questions:
  • Xavi develops a cell phone battery that can be charged by a solar panel and can run efficiently for up to three hours. His frien
    15·1 answer
  • According to maslow, the authority and responsibility of an effective manager focuses upon which level of needs?
    13·1 answer
  • Which statement best summarizes the law of demand ?
    11·1 answer
  • Luisa is willing but not able to produce and offer to sell plastic cups. is luisa a supplier of plastic cups?
    9·1 answer
  • The shape of China's production possibilities frontier (PPF) should reflect the fact that as China produces more smartphones and
    11·1 answer
  • When economists say that money is​ neutral, this means​ that: A. a change in the money supply changes nominal variables but not
    13·2 answers
  • Ratio of 10% and assuming that banks keep no excess reserves, imagine that $300 is deposited into a checking account. by how muc
    15·1 answer
  • A firm wants to strengthen its financial position. Which of the following actions would INCREASE its quick ratio?a) Offer price
    5·1 answer
  • Four hospitals are located within a city at coordinate points P1=(10,20), P2=(14,12), P3=(8,4) and P4=(32,6). The hospitals are
    11·1 answer
  • Please help me I don't really understand
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!