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creativ13 [48]
2 years ago
7

The adjusting entry for accrued interest on a note receivable would include a __________ to __________.

Business
1 answer:
poizon [28]2 years ago
6 0
C. The adjusting entry for accrued interest on a note receivable would include a credit to interest revenue
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Randy Rouser completes landscaping work on Nina Tothill’s yard, and Nina writes a $1,750 check from her account at Small Bank. T
Arte-miy333 [17]

Answer: Christina can hold Randy liable for the check

Explanation:

In this scenario it is important to note 2 things.

1. Nina PAID Randy.

2. Randy PAID Christina.

The point is that Randy is the one who had a contract with Nina. Even though Nina is the one who's check was not honored, Christina has NO CONTRACT with Nina. This means she cannot hold her liable.

As far as Christina is concerned, the check came from Randy and so she should hold him liable.

Randy on his part can then go back to Nina and hold her liable because he is the one who had a contract with her.

If you need any clarification do comment.

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3 years ago
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3 years ago
George is selling his house. he received an offer from katie for $200,000 but decided to counter-offer for $210,000. what does t
Svetlanka [38]
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8 0
3 years ago
Read 2 more answers
At the broadest level, the financial system moves the economy’s scarce resources from
Igoryamba

Answer: A - the rich to the poor

Explanation: At the broadest level, the financial system moves the scarce resources from the rich to the poor.

This means that at this level, the rich save more of the resources because they have more than enough while the poor borrows more cause they do not have enough to spend now and would prefer to borrow to meet their needs.

4 0
3 years ago
There are two aspects of efficiency that the equilibrium of market for loanable funds exhibits. Select the TWO statements that c
Mashutka [201]

Answer:

a. Savers who lend money are willing to accept a lower minimum interest rate than potential savers who do not lend money.  

b. Investment projects that are financed by savers have larger rates of return than projects that do not receive financing.  

Explanation:

Loanable funds refer to the aggregate amount of money that all sectors, entities and individuals within an economy have decided to keep as an investment, instead of spending on personal consumption, by saving and giving them out as loans to borrowers.  

The market for loanable funds is in equilibrium when the supply of loanable funds by the saver is equal to demand for loanable funds by the borrowers at a given interest rate.

When the market for loanable funds is in equilibrium, efficiency is maximized because projects that have higher rates of return are given priority to be funded first before the projects with lower rates of return are funded. The reason is that savers that have lowest costs of lending provides funds for the projects that have highest return rates in equilibrium. However, potential saver who do not lend money will prefer a higher interest rates.

Therefore, the correct options related to the two aspects of efficiency that the equilibrium of market for loanable funds exhibits are as follows:

a. Savers who lend money are willing to accept a lower minimum interest rate than potential savers who do not lend money.  

b. Investment projects that are financed by savers have larger rates of return than projects that do not receive financing.  

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