Riverway Technologies issued a $7,500, 8%, 90-day note receivable. What is the interest earned on this note? A) $150 B) $200 C) $180 D) $120
Q: Ans
A: Step 1: Definition of High Low MethodAccording to the high low method if we use the values of the…
Q: Financial accounting question
A: Step 1: Analysis of information givenReturn on equity = 15.4%Debt-equity ratio = 0.85We need to…
Q: Please help me with this question general Accounting
A: Step 1: Define Net IncomeA firm's net income represents how much money the business generates within…
Q: Can you provide answer this general accounting question?
A: Step 1: Define High-Low MethodThe high-low method is a cost estimation technique that determines…
Q: Hii expert please given answer general accounting
A: Step 1: Define Degree of Financial Leverage (DFL)The Degree of Financial Leverage (DFL) measures how…
Q: Solve this General accounting problem
A: Explanation of Cash Collected from Customers:Cash collected from customers refers to the actual cash…
Q: Compute the standard cost of one unit of product x-tec?
A: Explanation of Direct Materials Cost: Direct materials cost represents the cost of raw materials…
Q: Please financial accounting question provide answer
A: The expected return on a stock can be estimated using the Dividend Discount Model (DDM) for a stock…
Q: If total assets equal $336,000 and total owners' equity equals $115,500, then total liabilities must…
A: To calculate total liabilities, we can use the basic accounting equation: Total Assets = Total…
Q: Please give me true answer this financial accounting question
A: To calculate Dybvig Corporation's cost of equity capital, we can use the Capital Asset Pricing Model…
Q: What was the sales price per unit?
A: To calculate the sales price per unit, we can use the following steps: Determine total sales:Gross…
Q: Current Attempt in Progress * Your answer is incorrect. On January 1, 2024, Ellison Co. issued…
A: Step 1: Given Value for Calculation Compound = Semiannually = 2Time = t = 8 * 2 = 16Face Value = fv…
Q: None
A: Calculate the annual coupon payment: Coupon rate = 8.5% = 0.085 Face value = $1,000 Annual coupon…
Q: Calculate the net income?
A: Explanation of Net Income:Net income is the amount of profit a company earns after subtracting all…
Q: Provide correct answer
A: Explanation of Sales Revenue: Sales revenue represents the total amount of money a company earns…
Q: The amount of cash paid to suppliers?
A: Explanation of Cost of Goods Sold (COGS): Cost of Goods Sold represents the direct cost of the goods…
Q: Provide correct answer this question
A: The high-low method is a cost estimation technique used to separate mixed costs into their fixed and…
Q: Ans
A: Step 1: Definition of Total Asset TurnoverThe total asset turnover ratio measures how efficiently a…
Q: GENERAL ACCOUNTING 5.2.25
A: Step 1:The Gross Margin ratio is the profitability ratio and can be calculated by dividing the Gross…
Q: What is the cash balance at the end of September on these general accounting question?
A: To calculate the cash balance at the end of September, we can use the following formula: Ending Cash…
Q: Answer this general Accounting Question
A: To calculate the estimated net annual savings from implementing the lockbox system, we follow these…
Q: Profit margin on sales?
A: Step-by-Step Calculation:1. Total traceable costs:Traceable costs =1,200,000 2. Profit margin: The…
Q: Answer
A: 1. a. Interrelated factors demand comprehensive evaluationWhen different factors are interrelated…
Q: Not use ai solution please solve things question general Accounting
A: Days sales uncollected = (Accounts Receivable / Net Sales) x 365 daysDays sales uncollected = (6,500…
Q: Hii expert please provide correct answer general Accounting
A: Step 1: Define Product CostsThe computation of total product costs is an essential aspect of cost…
Q: Answer this question general accounting
A: To compute MH's recognized gain on the sale of the installment note in 2011, we need to follow these…
Q: 5 POINT
A: The formula for average total assets is: Average Total Assets=2Beginning Total Assets+Ending Total…
Q: What is the gross profit
A: Concept of Net SalesNet sales represent the total revenue a company earns from selling goods or…
Q: Subject. General Account
A: Step 1: Definition of Double-Entry AccountingThe double-entry accounting system ensures that for…
Q: Sterling Enterprises wishes to earn an after-tax net income of $22,000. Total fixed costs are…
A: Explanation of Required Sales Volume:Required sales volume refers to the number of units a company…
Q: Last year the return on total assets in Jasper Corporation was 12%. The total assets were 2.8…
A: Explanation of Return on Total Assets (ROA): Return on Total Assets is a profitability ratio that…
Q: Provide correct answer this general accounting question
A: Step 1: Define Standard Overhead Rate per UnitThe standard overhead rate per unit is the…
Q: How much is the contribution margin?
A: The contribution margin ratio (CMR) is calculated using the formula: CMR = (Sales Price per Unit -…
Q: What is the company's price earnings ratio on these financial accounting question?
A: Step 1:Price Earnings (P/E) Ratio can be calculated by dividing the stock price per share by the…
Q: Calculate the value of COGS lifo for company Y?
A: To calculate the COGS under LIFO (COGS LIFO), we follow these steps:Given data:FIFO Beginning…
Q: General Accounting
A: Understanding the Cost of PropertyIn accounting, the cost of property includes all necessary…
Q: Help
A:
Q: Which of the following statements is correct? A. The left side of a T-account is the credit side. B.…
A: Understanding the T-AccountA T-account is a simple representation of an account in the accounting…
Q: provide general accounting
A: Step 1: Definition of BondsBonds are debt securities issued by corporations or governments to raise…
Q: general accounting is
A: Step 1: Definition of Cost-Volume-Profit (CVP) AnalysisCost-Volume-Profit (CVP) analysis is a…
Q: How much?
A: Explanation of Bad Debt Expense:Bad debt expense refers to the estimated loss that a company incurs…
Q: Total manufacturing costs added during accounting question
A: Step 1: Definition of Total Manufacturing CostsTotal manufacturing costs refer to the sum of direct…
Q: The equity of Alliance Company is $198,300 and the total liabilities are $16,700. The total assets…
A: Concept of EquityEquity represents the ownership interest of shareholders or owners in a business.…
Q: Need step by step answer
A: Part (a): Calculation of Standard Direct Labor Rate per hourStandard Direct Labor Rate per hour =…
Q: How much cash received from customers during the year?
A: Detailed explanation:Given: Sales Revenue, $ 9,450 millionAccounts Receivable beginning of year, $…
Q: Average collection period?
A: Step 1: Define Accounts Receivable TurnoverThe accounts receivable turnover is a ratio that measures…
Q: Need answer the financial accounting question
A: Step 1: Define Net IncomeNet income is the company's total earnings after deducting all expenses,…
Q: Newman Jackson invests $40,600 at 10% annual interest, leaving the money invested without…
A: Given Data:Principal (P): $40,600Annual Interest Rate (r): 10% (or 0.10 in decimal form)Time (t): 8…
Q: Answer
A: Find the current price per share:We know the price/cash flow ratio is 8.0 and the cash flow per…
Q: Hi, tutor provide answer
A: The question requires the determination of the Disposable Income. Disposable income is the money…
Provide correct answer general accounting
Step by step
Solved in 2 steps
- Bull City Industries is considering issuing a $100,000, 7% note to a creditor on account.a. If the note is issued with a 45-day term, journalize the entries to record:1. the issuance of the note.2. the payment of the note at maturity.b. If the note is issued with a 90-day term, journalize the entries to record:1. the issuance of the note.2. the payment of the note at maturity.A company issued a 60 day 11% note for $17,000. What is the principal amount of the note? Round your answer to the nearest dollar. A) $16,688 B) $17,000 C) $18,870 D) $17,312 Sunset West issues a $90617, 60-day, 9% note to Memorial Point in exchange for an overdue account payable. For MEMORIAL POINT: What is the amount that is debited to cash when Sunset West pays the note? Ans_________________
- Note receivable Prefix Supply Company received a 120-day, 6% note for $500,000, dated April 12 from a customer on account. Assume 360-days in a year. a. Determine the due date of the note. b. Determine the maturity value of the note. c. Journalize the entry to record the receipt of the payment of the note at maturity. If an amount box does not require an entry, leave it blank. 88Tamarisk, Inc. receives a $10500, 3-month, 8% promissory note from Nash's Trading Post, LLC in settlement of an open accounts receivable. What entry will Tamarisk, Inc. make upon receiving the note? A.Notes Receivable 10500 Accounts Receivable-Nash's Trading Post, LLC 10500 B.Notes Receivable 10500 Interest Receivable 210 Accounts Receivable-Nash's Trading Post, LLC 10500 Interest Revenue 210 OC.Notes Receivable 10710 Accounts Receivable-Nash's Trading Post, LLC 10710 D.Notes Receivable 10710 Accounts Receivable-Nash's Trading Post, LLC 10500 Interest Revenue 210Note receivable Prefix Supply Company received a 120-day, 7% note for $84,000, dated April 12 from a customer on account. Assume 360-days in a year. a. Determine the due date of the note. b. Determine the maturity value of the note. $ c. Journalize the entry to record the receipt of the payment of the note at maturity. If an amount box does not require an entry, leave it blank. E
