Answer:
A) The balance sheet will report the note receivable of $8,400
Explanation:
Notes receivables and promissory notes are part of the Notes Receivables account, which is an asset account in the balance sheet. They are recorded as follows:
- Dr Notes Receivable account 8,400
- Cr Accounts Receivable account 8,400
Both accounts are asset accounts, but notes receivable is replacing accounts receivable. Therefore since notes receivable is increasing, it should be debited, and since accounts receivable is decreasing, it should be credited.
You don't record any interest, only after the interest is paid, you should record it as interest revenue.
Answer:
the balance sheet displays the company's total assets, and how these assets are ... found line items under Current Assets, Long-Term Assets, Current Liabilities, ... This account includes the balance of all sales revenue still on credit, net of any ... Capital
also assets =liabilites
Explanation:
Answer:
The precedence diagramming method depicts relationships between activities.
Explanation:
Some of its popular applications include: - This approach is used to create network diagrams for project schedules such as critical path, critical chain, and so on. Relationships between activities are depicted using the precedence diagramming method.
Industry sales = $15 billions
Acme market share = 20%
Emca market share = 17%
Acme market share in form of sales:
Acme marker share = 20% of $20 billion = (20/100)*20 = $3.00 billions
Emca market share in form of sales:
Emca market share = 17% of $20 billions = (17/100)*20 = $2.55 billions
Difference between the market shares for two companies as a percentage:
Difference = |20%-17%| = 3% of $20 billion
