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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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Exercise 19-08 a-b Oriole Corporation incurred the following costs while manufacturing its product.
telo118 [61]

Answer:

$371,700

Explanation:

The computation of the cost of goods sold is shown below:

Cost of goods manufactured  = Direct materials used + Direct labor cost + Manufacturing overhead cost + beginning work in process inventory - ending work in process inventory

where,

Manufacturing overhead cost is

= Depreciation on plant + Factory supplies used + Property tax on plant

= $61,000 + $29,300 + $21,800

= $112,100

The cost of goods manufactured is

= $126,400 + $113,500 + $112,100 + $14,600 - $16,700

= $349,900

Now the cost of goods sold is

= Beginning finished goods + Cost of goods manufactured - ending finished goods

= $70,900 + $349,900 - $49,100

= $371,700

6 0
3 years ago
Currently the U.S. Olympic Committee (USOC) pays Olympic athletes $25,000 for each gold medal, $15,000 for a silver medal, and $
Mkey [24]

Answer:

Option A                  

Explanation:

In simple words, Valence is individuals mental attitude towards result in second order. In this situation, the consequence of the first requirement is title earning and the consequence of that same second order is really the monetary support the competitors receive from either the USOC. Motivational Force (MF) = Survival rate * Instrumentality * Valence as according to Vroom's expectation principle.

7 0
3 years ago
Engineer Brown has been engaged in providing consulting engineering services for a number of years as a sole proprietor. Because
frez [133]

Answer:

Engineer Brown has been engaged in providing consulting engineering services for a number of years as a sole proprietor. Because his practice was growing, he recently hired another engineer and decided to commence offering professional services under the name of Brown and Associates. In order to comply with the rules he must

Notify the Board office of the name change

Explanation:

Since it is the same company but just with change of name changes, notification to the company he render services for is only needed to avoid confusion about the authenticity of the company

7 0
3 years ago
Read 2 more answers
20% of students in a class go to professor during office hours. of those who go 30% seek minor clarification. 70% seek major cla
aksik [14]

a. The probability that a student goes to seek for minor clarification from the professor during office hours = 6%.

b. The probability that a student goes to the professor for major clarification = 14%.

Data and Calculations:

Percentage of students in the class who go to the professor to seek clarifications = 20% (a)

Percentage of students in the class who do not go to the professor to seek clarifications = 80% (100% - 20%) (b)

Percentage of (a) who seek minor clarification = 30%

Percentage of (a) who seek major clarification = 70%

Probability of (a) seeking minor clarification = 6% (20% x 30%)

Probability of (a) seeking major clarification = 14% (20% x 70%)

Thus, the probability of students seeking minor clarification is 6% while the probability of students seeking major clarification is 14%.

Learn more about probability at brainly.com/question/13604758

8 0
2 years ago
Luana loves shopping for clothes, but considering the state of the economy, she has decided to start saving. At the end of each
Zina [86]

Answer:

Luana will save $2,493.522

Explanation:

Given:

Luana will deposit $570 every year for 4 years. This is an annuity as same amount is deposited every year.

Rate is 6% or 0.06

We have to compute Luana's savings at the end of 4th year.

Refer future value of annuity factor table at 6%, 4th year. Annuity factor is 4.3746.

Savings = Yearly deposit × Annuity factor

             = 570 × 4.3746

             = $2,493.522

Therefore, Luana will save $2,493.522 by the end of 4 years.

6 0
2 years ago
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