Determine the amount due on the note

Assignment Help Accounting Basics
Reference no: EM13141047

MixRecording Studios purchased $7,800 in electronic components from TechCom. MixRecording Studios signed a 60-day, 10% promissory note for $7,800. If the note is dishonored, what is the amount due on the note?

Reference no: EM13141047

Questions Cloud

Relationship between metabolic rate and body temperature : What is the relationship between metabolic rate and body temperature in animals in general? Given that relationship, why does lowering brain temperature (by 3o C) conserve oxygen, and why is decreasing oxygen demand so critical for neural function..
What is the percent yield for the reaction : When 28.6 kg of Fe2O3 react with 17.2 kg of CO and 6.3 kg of Fe are recovered, what is the percent yield for the reaction?
Determine the transfer function of this process in the s : Assume the initial state is steady (y = 0 at t = -0) a) Determine the transfer function of this process in the s domain. b) If the input is a ramp change in u(t) = 4t, determine the value of y(t) when t = 10s.
Determine the amount due on the note : MixRecording Studios purchased $7,800 in electronic components from TechCom. MixRecording Studios signed a 60-day, 10% promissory note for $7,800. If the note is dishonored, what is the amount due on the note?
What is the chance of their having a cf child : Suppose the couple who went for CF screening received different results. The results of the testing revealed that the man and woman both are carriers for the CF allele.
How many liters of co2 are produced : Given the balanced equation: C2H4 + 3O2 → 2CO2 + 2H2O How many liters of CO2 are produced when 15 liters of O2 are consumed?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute trend percents for financial items

Compute trend percents for the following financial items, using 2007 as the base year.

  Amount of loss accrual

Espinosa Co. has a loss contingency to accrue. The loss amount can only be reasonably estimated within a range of outcomes. No single amount within the range is a better estimate than any other amount. The amount of loss accrual should be:

  Cost of dollar-denominated equity

Assume the following information for Pexi Co., a U.S.-based MNC that is considering obtaining funding for a project in Germany: What is Pexi's cost of dollar-denominated equity?

  Key factors which impact company decision

Examine the major factors which impact a company’s decision of whether to pay the dividend and determine what you believe is the most significant driver of the decision.

  Analytical procedures as substantive test

What are the advantages of using analytical procedures as substantive test? if the engagement team decides to use analytical procedures for the Bees' audit, how will the audit plan differ from prior years? Should analytical procedures be used as s..

  Managing the collection of receivables

Compute the day’s sales uncollected for both companies as of the end of current period. Which company is doing a better job in managing the collection of its receivables?

  Information on analysis of journal entries

The following journal entries are from the books of Kara Elizabeth Company: For each of the journal entries, prepare an explanation of the business event that is being represented.

  Prepare a report showing the total cost of each job

Applied overhead at month-end to the Goods in Process (Jobs 137 and 140) using the predetermined overhead rate of 200% of direct labor cost.

  Describes the forms of substantiation a taxpayer

Which section of the IRC describes the forms of substantiation a taxpayer must maintain in order to claim valid business-related entertainment expense deductions?

  Bad debt expense balance on the income statement

The current credit balance in allowance for uncollectible accounts is $200. Management estimates that 2.5% of net credit sales of $115,000 will be uncollectible. Based on the foregoing data, what is the bad debt expense balance on the income state..

  How might a change in credit terms extend

The consolidated cash flow from operations of Jones corporation and its subsidiary short manufacturing for 2012 decreased quite substantially from 2011 despite the fact that consolidated net income increase slightly in 2012.

  Evaluate the general procedure of accounting for bankruptcie

Evaluate the general procedure of accounting for bankruptcies and create at least one recommendation for improving existing practices. Providing examples of just how your recommendation would be an improvement can be helpful.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd