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zzz [600]
3 years ago
15

Notes Receivable differ from Accounts Receivable in that Notes Receivable: Multiple Choice generally charge interest from the da

y they are signed to the day they are collected. do not have to be created for every new transaction, so they are used more frequently. are generally considered a weaker legal claim. are noncurrent assets.
Business
1 answer:
uranmaximum [27]3 years ago
6 0

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.

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A company uses sugar in producing its product. If the price of sugar doubles, which variance is directly impacted?A) Direct mate
Nastasia [14]

Answer:

B) Direct materials price variance

Explanation:

Company uses sugar while producing a product, that means it is a direct material for the product, further provided that cost gets doubled of buying a unit of sugar, that is actual rate is now twice of earlier rate.

Therefore since only direct material price variance uses actual rate it will be affected.

Direct Material Price Variance = (Standard Price - Actual Price) \times Actual quantity.

Else labor variance does not use direct material price, therefore option C) and option D) are invalid further direct material quantity variance uses standard rate and no actual rate is used.

Therefore correct option is

D) Direct Material Price Variance

5 0
4 years ago
John has decided to start to learn how to wrestle. his first day at practice, a seasoned wrestler slams the back of his head to
Fudgin [204]

eye sight would be my guess

6 0
4 years ago
Read 2 more answers
Required information Use the following information for the Exercises below. Skip to question [The following information applies
rosijanka [135]

Answer:

See

Explanation:

1. Break even point in units

= Fixed cost / Selling price per unit - Variable cost per unit

Given that

Fixed cost = $600,000

Selling price per unit = $375

Variable cost per unit = $300

Break even point in units = $600,000 / ($375 - $300)

= $600,000 / $75

= 8,000 units

2. Break even in sales

= Fixed cost / Selling price unit - Variable cost per unit × Selling price per unit.

=[ $600,000 / ($375 - $300) ] × $375

= 8,000 × $375

= $3,000,000

6 0
3 years ago
By examining the spreadsheet below, what part of the financial plan might be missing? A 2-column spreadsheet showing Cash Inflow
vitfil [10]

The correct statement is that in the spreadsheet below, a financial plan for protecting assets is missing. So, the correct option is C.

A financial plan for protection of assets is advisable for such individual for better insurance against any unwanted losses or damages to property(s).

<h3>Financial Plan</h3>

A financial plan refers to as the interpretation and conclusion  of a cash flow after ascertaining the inflows and outflows of the firm.

The above cash flow statement shows that the spending have not been done on premiums for insurance for protection of assets of the individual.

There seems a requirement for the financial plan to be made in such a way that a part of expenditure outflow is done towards insuring the assets.

Hence, the correct option is C that in the spreadsheet below, a financial plan for protecting assets is missing.

Learn more about Financial Plan here:

brainly.com/question/1323646

4 0
3 years ago
Read 2 more answers
Airplane seats. . . . . . . . . . . . . . . . . . . . . . . . . b. Production supervisors' salaries. . . . . . . . . . . . . . c
liubo4ka [24]

Answer:

Direct Material:

Airplane seats  . . . . . $220

Total= $220

Direct labor:

Assembly workers' wages . . . . . . . . $600

 Total= $600

Indirect labor:

Production supervisors' salaries . . . . . . . . . . . . . . $170

Factory janitors' wages . . . . . . . . . . . . . . . . . . . . . $60

Total = $230

MOH:

Machine lubricants . . . . . . $35

Depreciation on forklifts . . . . . . $110

Total = $145

Explanation:

The given manufacturing costs of an airplane have correctly been classified along with their totals as mentioned above. Direct materials are characterized as the materials that are directly used to manufacture the product while direct labor is defined as the people who are responsible for producing the unit of the product. Indirect labor are the workers who are not directly associated with the manufacturing of the product but they ensure effective running of day-to-day work. MOH is defined as the manufacturing overhead cost which is the total of all indirect costs responsible for the manufacturing of the product.

6 0
3 years ago
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