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3 years ago

What is a primary difference between a note receivable and an account receivable?

Business

1 answer:

Maksim231197 [3]3 years ago

4 0

Answer:

Note receivable is a written promise by a supplier agreeing to pay a sum of money in the future.

While

Account receivable is the funds owed by the customers.

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Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $87,000.

lesya692 [45]

Answer:

Option (c) is correct.

Explanation:

Depreciable value of machine:

= Cost of machine - salvage value

= $87,000 - $7,000

= $80,000

Depreciation of second year:

= ($80,000 ÷ 400,000) × 84500

= $16,900

Therefore, the journal entry is as follows:

Depreciation Expenses A/c Dr. $16,900

To accumulated depreciation $16,900

(To record the machines' second year depreciation)

4 0

3 years ago

For each example of a reward, identify whether it is an extrinsic or intrinsic reward.1)The employees were happy with the new la

AveGali [126]

Answer:

The answer is:

1. Intrinsic reward

2. Intrinsic reward

3. Extrinsic reward

Explanation:

What is an intrinsic reward.: Intrinsic rewards are rewards that comes from within the employee. For example, personal achievement, professional growth, sense of pleasure and accomplishment.

What is an Extrinsic reward: Extrinsic motivation is gotten externally. External rewards are typically offered by an employer or manager.

1. )This is an intrinsic reward because no one with more that two years seniority will ne separated from the company except for poor performance. This poor performance clause will act as a motivation to make them perform better.

2. The regular feedback from Jonah's supervisor is an intrinsic reward because Johan will be able to evaluate his strength and weakness and know where to improve himself.

3. Health benefit is an extrinsic reward. This health benefit is offered by Dion's employer. So it is an external reward.

8 0

3 years ago

Cute Camel Woodcraft Company just reported earnings after tax (also called net income) of $9,750,000 and a current stock price o

Assoli18 [71]

Answer:

Explanation:

earning per share = Net income / outstanding shares

= $9,750,000 / 5,500,000 = $1.77

price earning ratio = Current stock price \ earning per share

= $39.50 \ $1.77 = 22.32

new Earning per share = Net income / outstanding shares

= $9,750,000 * 125% / 8,400,000 = $1.45

the stock price after one year would be

= Price earning ratio * New earning per share = 22.32 * $1.45 = $32.36

Market to book ratio = Market value/ book value

Market value = Share price * number of outstanding shares

= $47.12 * 8,400,000 shares = $395,808,000

book value is $54,364,800

M/B = $395,808,000 / $54,364,800 = 7.28 times

Is it possible for a company to exhibit a negative EPS and thus a negative P/E ratio?

Yes, if company is having losses

7 0

3 years ago

which of the following typically results from the introduction of the assembly line into the production process? A.efficiency is

marta [7]

A. efficiency is increased

6 0

3 years ago

Read 2 more answers

Lee, a salesperson for Macro Corporation, learns that Macro will increase the dividend it pays to shareholders. Lee buys 1,000 s

Aleks [24]

Answer:

public before he bought the stock

Explanation:

The dividend is a sum of money paid by a company regularly to its shareholders out of its profits.

Insider trading refers to the illegal practice of trading on the stock exchange on having confidential information regarding the shares.

In this question,

Lee would not be liable for insider trading if the information about the dividend was public before he bought the stock.

8 0

3 years ago