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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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According to the time-driven model of leadership, _____ styles should be used for decisions for which employee commitment is uni
telo118 [61]
According to the time-driven model of leadership, AUTOCRATIC styles should be used for decisions for which employee commitment is unimportant.
5 0
3 years ago
Milly Garcia, the marketing manager for ABCDE Firm, believes for her company to succeed in international markets, it must addres
Alecsey [184]

Answer: Marketing mix

Explanation:

Marketing mix is a combination of factors that are controlled by a company in order to influence the consumers to buy its products.

Marketing mix is a foundation model for firms, and it centered around the price, product, place, and promotion. Marketing mix is the marketing tools that a firm uses to achieve its marketing objectives in the market.

4 0
3 years ago
a pilot applies for life insurance. the insurer approves the application with a $10 additional monthly premium modification due
trasher [3.6K]

Considering the situation described, the insurer will likely issue the coverage with an <u>Aviation Exclusion</u>.

The addition of <u>Aviation Exclusion</u> risk would curb the insurer's liability to that risk associated with the insurance contract.

This implies that considering the tendency of a pilot to die (not as a fare-paying passenger) in a plane crash or Aviation accident. Still, as a pilot, the addition of <u>Aviation Exclusion</u> would limit or void the insurance policy related to life.

Hence, in this case, it is concluded that the correct answer is "<u>Aviation Exclusion</u>."

Learn more about Aviation Exclusion here: brainly.com/question/14307093

3 0
2 years ago
The first item appearing on the statement of owner's equity is Select one: a. net income b. the ending balance of owner's equity
nadya68 [22]

Answer:

The correct answer is letter "D": the beginning balance of owner's equity.

Explanation:

The statement of owner's equity reports the changes in a company's capital balance during a certain period. Thus, the transactions that increased or decreased stakeholder's equity is portrayed in this section. In the statement of owner's equity, the income earned during the current period is added to the beginning capital balance and the owner's equity withdrawals are deducted.

<em>The statement of owner's equity shows at its head the Beginning equity balance -initial money invested in the company over a period.</em>

8 0
3 years ago
The following information is available for the first year of operations of Engle Inc., a manufacturer of fabricating equipment:
FromTheMoon [43]

Answer:

Consider the following calculations

Explanation:

Step 1. Given information

  • Sales $7,270,000
  • Gross profit 1,450,000
  • Indirect labor 330,000
  • Indirect materials 195,000
  • Other factory overhead 90,000
  • Materials purchased 5,100,000
  • Total manufacturing costs for the period 6,170,000
  • Materials inventory, end of period 480,000

Step 2. Calculation according to the following formulas.

a. Cost of goods sold = Sales-Gross profit = 7270000-1450000= $582000

b. Direct materials cost = 5100000-195000-480000= $4425000  

c. Direct labor cost = 6170000-4425000-330000-195000-90000= $1130000

7 0
3 years ago
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