Business, 20.11.2019 20:31 anniekwilbourne

Rec room equipment company received a $10,200, six-month, 7 percent note to settle an $10,200 unpaid balance owed by a customer. a. the note is accepted by rec room on november 1, causing the company to increase its notes receivable and decrease its accounts receivable. b. rec room adjusts its records for interest earned to its december 31 year-end. c. rec room receives the interest on the note's maturity date. d. recroom receives the principal on the note's maturity date.

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 20:30

What do economists mean when they use the latin expression ceteris paribus?

Answers: 3

Answer

Business, 21.06.2019 22:50

The winston company estimates that the factory overhead for the following year will be $1,250,000. the company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. the total machine hours for the year were 54,300. the actual factory overhead for the year were $1,375,000. determine the over- or underapplied amount for the year.

Answers: 1

Answer

Business, 22.06.2019 02:20

Archangel manufacturing calculated a predetermined overhead allocation rate at the beginning of the year based on a percentage of direct labor costs. the production details for the year are given below. calculate the manufacturing overhead allocation rate for the year based on the above data. (round your final answer to two decimal places.) a) 42.42% b) 257.14% c) 235.71% d) 1, 206.90% archangel production details.

Answers: 3

Answer

Business, 22.06.2019 11:30

11. before adding cream to a simmering soup, you need to a. simmer the cream. b. chill the cream. c. strain the cream through cheesecloth. d. allow the cream reach room temperature. student d incorrect which answer is right?

Answers: 2

Answer

You know the right answer?

Rec room equipment company received a $10,200, six-month, 7 percent note to settle an $10,200 unpaid...

Questions