Jasper makes a $25,000, 90-day, 7 % cash loan to Clayborn Co. Jasper's entry to record the collection of the note and interest at maturity should be: (Use 360 days a year.)
A) Debit Cash for $25,000; credit Notes Receivable $25,000.
B) Debit Cash $25,437.50, credit Interest Revenue $437.50; credit Notes Receivable $25,000.
C) Debit Cash $25,437.50; credit Notes Receivable for $25,437.50.
D) Debit Notes Payable $25,000; Debit Interest Expense $1,750; credit Cash $26,750.
E) Debit Cash $26,750; credit Interest Revenue $1,750, credit Notes Receivable $25,000.

Answers

Answer 1

Answer:

B) Debit Cash $25,437.50; credit Interest Revenue $437.50; credit Notes Receivable $25,000.

Explanation:

Based on the information given Jasper's appropriate journal entry to record the collection of the note and interest at maturity should be:

Debit Cash $25,437.50

($25,000+$437.50)

Credit Interest Revenue $437.50

(7%*25,000*90 days/360 days a year =$437.50)

Credit Notes Receivable $25,000

(Being to record the collection of the note and interest at maturity)


Related Questions

creating a budget is about your wishes and hopes for what you want your income to be.
True
False​

Answers

Answer:

False.

Explanation:

Creating a budget is not about your wishes and hopes for what you want your income to be, but must be done by having a realistic perception of the income and expenses that each person has from month to month. In this way, you can project responsibly, avoiding incurring debts or other negative consequences.

4 Select the correct answer. Which of these components is a part of the Central Processing Unit (CPU) of a computer?​

Answers

Answer:

Control unit

Explanation:

Is a part of the "Central Ptocessing Unit (CPU)" of a computar. It is considerado a a "heart of the CPU.

DUE TODAY PLZ HELP

Consumer research should include information about the general habits of travelers.


True

False

Answers

The answer is true
Hope this helps
The answer would be true. I guess it would be important to know about travel habits if you’re doing a consumer research

1. A differentiation strategy works best when a
A. firm has tangible resources, its focus of competition shifts to price, and equivalent substitutes are readily available.
B. firm's focus of competition shifts to price, and when increasing differentiation of product features do not create additional value.
C. firm's differentiated products are commoditized, and costs of providing uniqueness do not rise above the customer's willingness to pay.
D. firm has intangible resources, is able to pass on increases in supplier cost to the customer, and its differentiation appeal creates customer loyalty.
2. In the context of SWOT analysis, which of the following best exemplifies a firm's external opportunity?
A. an increase in its financial resources
B. an increase in its brand equity
C. an increase in its customers' disposable income
D. an increase in its employee productivity
3. In the context of the SWOT matrix, which of the following best exemplifies a firm's internal strength?
A. increase in a firm's customer loyalty
B. growth in the size of the market in which a firm operates
C. rise in the income of the demographic segment to which a firm caters
D. loss of a competitor's reputation

Answers

D bc lolllllllllllllllllllllll
The answer Is D!! Hope this helps

(a) Explain the nature of a partnership as a form of business ownership.
and give examples of typical​

Answers

The answer is a and b

What is the purpose of the Subtotal feature?

Answers

Answer:

it automatically ignores rows that are hidden in a filtered list or table you can use this feature when you want to count ,sum and average etc values that are visible

Answer:

The answer is a

Explanation:

The largest source of federal revenue are ____ taxes.
A. excise
B. payroll
C. corporate income
D. personal income

Answers

Answer:

D. Personal Income

The sources of Federal Revenue are listen below:

Answer:

its D

Explanation:

lol

During 2020 Came Corporation transferred inventory to Nolan Corporation and agreed to repurchase the merchandise early in 2021. Nolan then used the inventory as collateral to borrow from Norwalk Bank remitting the proceeds to Carne. In 2021 when Carne repurchased the inventory, Nolan used the proceeds to repay its bank loan. On whose books should the cost of the inventory appear at the December 31, 2020 balance sheet date?
A) Came Corporation
B) Nolan Corporation
C) Norwalk Bank
D) Nolan Corporation, with Came making appropriate note disclosure of the transaction

Answers

Answer:

A) Came Corporation

Explanation:

This type of transaction is called a product financing arrangement by which one company (Came Corporation) facilitates inventory to another company for the purpose of the second company using it as collateral for a bank loan. Came should include the inventory cost in its balance sheet since it gave it Nolan but promised to repurchase it back.

Identify whether the expense below would be considered a want, a need, or savings.
Concert tickets
Savings
Want
Need

Answers

it is a want because you don’t need them and also not part of savings

b. Write five importance of budget.?​

Answers

Answer:

Hello!!

Explanation:

1. Budgeting Helps You Control Your Spending

2. Budgeting Keeps You On Track For Your Financial Goals

3. Budgeting Can Help Your Marriage

4. Budgeting Helps You Find Financial Contentment

5.  Budgeting Keeps You From Feeling Financially Overwhelmed

If you know the answer plz help me out

Answers

Answer:

o Location

Explanation:

o Location

Blossom Company is considering an investment that will return a lump sum of $850,000 3 years from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Blossom Company pay for this investment to earn an 6% return? (Round answer to 2 decimal places, e.g. 25.25.)

Answers

Ale jak się okazało w Polsce dniu narty nie skierowane to dniu tym świecie i jest ogóle nie ma problemu z tym że nie ma przecieku co w wszystko jutrzejszym terminie

"Home made food contains proper nutrition describe them​

Answers

Answer:

sandwiches, soup, and others have real nutrition.

Explanation:

You work on salary. Normally, you make $375.00 a week. This week you worked 52 hrs.
How much is your gross pay?

Answers

Answer:

658

Explanation:

What is an advertising mix?
a. choosing the right demographic to be your target customer
b. creating an advertising budget and a subsequent plan
c. choosing multiple advertising media to deliver your message to the target customer
d. focusing on conveying the benefits of the product before discussing its features

Answers

Answer:

C

Explanation:

1. Discuss the pros and cons of owning a car. Try to come up with a scenario in which it might make more sense to lease or car share.
2. If you had to go to a car dealership tomorrow to buy a new car, how would you prepare?
3. What sorts of costs will you have to consider in addition to car payments?

Answers

Answer:

1. The pros of owning a car are obviously the benefit of being able to move around at any hour, and with more freedom and flexibility than in public transport, and a second pro is that the car can given the owner more social status.

The main two cons of owning a car are first the fact that a car loses value (depreciates) over time, and that cars have many associated payments.

2. Before going to the dealership, you should have a budget or range of prices that you can afford, you should also have an idea about what type of car you want, and an idea of what type of financing you would like to take.

3. Car insurance, associated taxes, whether direct or indirect, and possible car repairs.

When seeking collaboration on writing instructions for product use before releasing the information to the consumer, which method would yield the best results? Blog Podcast Wiki Companies can use blogs to share late-breaking news of tidbits of interest to employees. This is an example of Blogs take the same care and attention as other business writing.

Answers

Answer:

Wiki

Explanation:

The best option in this case would be to use a Wiki, which is a collaborative website, where users can add content, news, information about a certain subject and thus generate more complete and efficient content.

The advantages of using Wiki for companies is the possibility of access controls, modifications, collaboration, etc.

So this would be the ideal method for a company that seeks collaboration in writing instructions for using the product before releasing the information to the consumer.

what is 1635436743 times 76354

Answers

Answer:

1.2487214e+14

Explanation:

What can a database designer create to make it easy for people to create records?

A. A query

B. A form

C. A report

D. A field

Answers

Answer:

B. A form

Explanation:

I found the answer on quizlet

Answer:

It's B. A form

Explanation: hope it helps ^w^

What is product positioning?

Answers

Product positioning is the process of deciding and communicating how you want your market to think and feel about your product

Do you think large multinational corporations in general like Wal-Mart, Apple, McDonalds and Frito Lay are good or bad for the world? Is "globalization" another word for “Americanization”? Why or why not? (3 points) Explain using complete sentences.

Answers

Answer:

The use of any trademark in this text does not vest in the author or publisher any trademark ... Part 1: Management Practice 110 A Manager's Dilemma 110 Global Sense 110 ... Retaining Competent, High-Performing Employees 462 Employee ... as you can see, managers can and do have an impact—positive and negative.

To what extent would a business be more successful in a monopoly market structure?

Answers

Answer: Monopolies use patents, mergers, and acquisitions to obtain industry dominance and ... prices can become significantly higher than in a competitive market. ... are back under the AT&T umbrella, the breakup is still considered a great success. ... using mobile technology to disrupt the cost structures of the telecom companies.

A trader has a portfolio worth $5 million that mirrors the performance of a stock index. The stock index is currently 1,250. Futures contracts trade on the index with one contract being on 250 times the index. To remove market risk from the portfolio the trader should

Answers

Answer:

A short futures position is required

Explanation:

Missing word "short or long in the forward or futures market?"

Worth of portfolio = $5 million

Stock is currently index = 1,250

The number of contract required is therefore:

==> {$5,000,000} / {1,250*250}

==> 16 contracts

So, in order to remove market risk from the portfolio, the trader should sell 16 contracts. 1 futures contract protects a portfolio worth 312,500 (1250*250).

In order to remove the market risk, there is need to gain on the contracts when the market declines. A short futures position of 16 contracts is therefore required..

Select all that apply.

Which of the following questions would you expect to see on an interest inventory?


Would you enjoy playing soccer?

Do you enjoy music?

Do you like science experiments?

Would you enjoy reading a fashion magazine?

Answers

Probably “would you enjoy reading a fashion magazine”

i think "do you enjoy music"

Fat Cat Furniture store sells two types of products; cat beds and scratching posts. Over the past year Fat at sold 6,000 cat beds and 4,000 scratching posts, the sales mix of 6,000 beds to 4,000 posts creates a percentage of 60% for the cat beds and 40% for the scratching posts. Fat Cat’s total fixed costs are $40,000. The cat bed’s unit selling price is $44.00 and variable costs per bed are $24.00. The scratching post’s unit selling price is $100.00 and variable cost per post is $30.00.

1. Calculate the weighted average contribution margin per unit. ($40)

2. Calculate Fat Cat’s breakeven point in units for the “package” of products.

3. Calculate how many units of each product line the company must sell in order to breakeven.

4. Calculate the sales dollars required of each product line to breakeven Do not use the weighted average contribution margin ratio formula due to rounding issues. May still use the weighted average contribution margin per unit formula.

5. Prove the breakeven point by preparing a contribution margin income statement Make sure to provide three columns: one for Cat Beds, one for Scratching Posts, and one for Total.

6. The owner of Fat Cat Furniture wants to earn a $60,000 profit. Calculate the sales volume in units and total sales dollars of each product line the company must sell in order to earn $60,000 in profit. Do not use the weighted average contribution margin ratio formula due to rounding issues. May still use the weighted average contribution margin per unit formula.

I need help especially on the 2nd question.

Answers

Answer: See explanation

Explanation:

1. Calculate the weighted average contribution margin per unit.

The weighted average contribution margin per unit will be:

= Contribution margin per unit × Sales mix ratio.

= ($20 × 60%) + ($70 × 40%)

= ($20 × 0.6) + ($70 × 0.4)

= $12 + $28

= $40

2. Calculate Fat Cat’s breakeven point in units for the “package” of products.

This will be:

= Fixed cost / Weighted average

= $40000 / $40

= 1000 units

3. Calculate how many units of each product line the company must sell in order to breakeven.

Breakeven for cat beds = 1000 × 60% = 1000 × 0.6 = 600 units

Breakeven for scratching post = 1000 × 40% = 1000 × 0.4 = 400 units

Every one clock this now please!
In your opinion who is better?
Technoblade
Ranboo
Dream
You will get brainlynest if you guess which is my favorite! :)

Answers

Answer:

ranboo he's so unproblematic and he's so funny

Explanation:

Answer:

I personaly like Tommyinnit, but from the list i like Dream.

Explanation: I think you like Ranboo.

Most students don't consider that they'll end up paying far more than the original amount they borrowed on their student loans because of

Answers

Answer:interest rates

Explanation:

The longer you have to pay off the more interest adds up

Explain the "Rule of 9 " as it pertains to marketing.

Answers

Answer:

When measuring burns in adults, the rule of nines assesses the percentage of burn and is used to help guide treatment decisions including fluid resuscitation and becomes part of the guidelines to determine transfer to a burn unit.

Explanation:

The transfer to the burn unit.

One of the roles of government in a free market system is to: a.Market ideas freely b.Finance companies c.Foster competition d.Warn companies of impending dangers

Answers

Answer: foster competition

Explanation:

A free market system is an economic system whereby the individuals and the firms control the market and resources are allocated based on the demand and the supply of the goods and services.

One of the roles of government in a free market system is to Foster competition. The government makes policies which helps to prevent certain producers from having too much power and enable there is a level playing ground for everyone.

Step 3: Now, let’s identify the factors that affect the Business Environment
As big as our economy is, it is still sensitive to changing dynamics that affect its performance and vitality. Consider these factors and how they impact business. CHOOSE JUST THREE FACTORS TO GIVE AN EXAMPLE FOR BELOW.

Economic: Jobs, interest rates & inflation are some of the forces that affect supply and demand, which determines how prices and quantities of goods and services perform in our economy.
Political/Legal: The stability of a government, and the types of laws it passes affects businesses profitability and investment
Demographic: Businesses have to consider their market’s age, gender, race, ethnicity and location.
Social: Attitudes, values, ethics, and lifestyles—influence what, how, where, and when people purchase products or services. They are difficult to predict, define, and measure because they can be very subjective.
Competition: Competition causes business to develop new products, services and technologies, and offer consumers greater selection and better products. The greater the selection of a good is in the market, prices are typically lower for the products,Global: Immigration/Refugees, political factors, tariffs, climate events and competition.
Technology: The use of science and engineering skills can be used to solve production and organizational problems. New equipment and software that improve productivity and reduce costs can be among a company’s most valuable assets.

Step 4: Choose THREE factors from the above list, and give an example of how you see this work in the economy:
(Name Factor here): (Example here of where you have seen this factor demonstrated).
(Name Factor here): (Example here of where you have seen this factor demonstrated).
(Name of factor here): (Example here of where you have seen this factor demonstrated).

(Example: Political/Legal: The Federal Reserve System)

Do you need more help understanding this topic? Read the linked article below.
Understanding the Business Environment (Link to Article)https://opentextbc.ca/businessopenstax/chapter/understanding-the-business-environment/

Answers

Ale jak się okazało w Polsce dniu narty nie skierowane to dniu tym świecie i jest ogóle nie ma problemu z tym że nie ma przecieku co w wszystko jutrzejszym terminie

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