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Readme [11.4K]
2 years ago
13

On December 31, 2008, Ed Abbey Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Ab

bey Co. agreed to accept a $200,000 zero-interest-bearing note due December 31, 2010, as payment in full. Hayduke is somewhat of a credit risk and typically borrows funds at a rate of 10%. Abbey is much more creditworthy and has various lines of credit at 6%.
Instructions
(a) Prepare the journal entry to record the transaction of December 31, 2008, for the Ed Abbey Co.
(b) Assuming Ed Abbey Co.’s fiscal year-end is December 31, prepare the journal entry for December 31, 2009.
(c) Assuming Ed Abbey Co.’s fiscal year-end is December 31, prepare the journal entry for December 31, 2010.
(d) Assume that Ed Abbey Co. elects the fair value option for this note. Prepare the journal entry at December 31, 2009, if the fair value of the note is $185,000.
Business
1 answer:
Veronika [31]2 years ago
5 0
Hmmmmmmmmmmmmmmmmmm, I’m confused l
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Answer:

b. Company Name's Return Policy

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In E commerce, A good refund or return policy can help protect your company and win your customers’ trust, but making sure your language is clear and concise is extremely important.

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3 years ago
You are considering the purchase of a certain stock. You expect to own the stock for the next four years. The current market pri
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Answer:

The answer is: The expected rate of return from this investment is 26.68%

Explanation:

We are given the following cash flows for this operation:

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  • Cash flow 2 = $1.35 (dividend year 2)
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Using an excel spreadsheet and the IRR function:

=IRR(value 1: value 5) =26.68%  

where

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3 years ago
Elasticity is the percentage change in quantity divided by the percentage change in _____.
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The price.

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Elasticity is the percentage change in quantity divided by the percentage change in price.

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"Bright White" Company has the comparative advantage in producing large tubes of toothpaste.

<h3>What is the term Comparative advantage about?</h3>

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Therefore, correct option is B.

Learn more about comparative advantage, refer to the link:

brainly.com/question/15217561

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If consumers start to believe they need a product, what is likely to happen?
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