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liberstina [14]
2 years ago
9

Pluto Inc. borrows $3000 from Second National Bank by signing a promissory note. Recording this transaction will include which o

f the following?a. Debit notes receivableb. Debit cashc. Credit revenued. Credit note payable
Business
1 answer:
Angelina_Jolie [31]2 years ago
4 0

Answer:

b. Debit cash and d. Credit note payable

Explanation:

On borrowing from the bank, the entries to be posted by Pluto Inc. will be;

Debit Bank/Cash account  $3000

Credit Credit note payable  $3000

The credit represents the liability which is the obligation to payback the loan at a future date.

The right options are; b. Debit cash and d. Credit note payable.

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Arrange the types of investments in the correct order from the least risky to the most risky investment. (speculative stocks, re
jolli1 [7]

I believe the answer is:


1/Retirement plans

Especially the one that arranged by the government since it guaranteed by Federal banks

2/Property

The value would almost always increasing over time


3/A-rated bonds

A- rated bonds is score that given to the bond that have strong chance of return by credit rating company

4/Speculative stocks

If speculative stocks is scored by rating company, it would become B-rated or lower.

8 0
2 years ago
Read 2 more answers
A company uses the FIFO method for inventory costing. At the start of the period the production department had 20,000 units in b
UkoKoshka [18]

Answer:

equivalent cost per unit for labor: $4.1982

Explanation:

complete and transferred    165,000

work on ending WIP               16,500  //   22,000 x 75%

previous work on beginning (8,000) //  20,000 x 40%

Equivalent units                   173,500

labor cost added during the period 726,825

equivalent cost 726,825/173,500 = 4.198193084

equivalent cost per unit for labor: $4.1982

7 0
2 years ago
ABC Bookstore sells packages of books that include both new and used
Verdich [7]

Answer: there should be 8 new books in each package and there should be 24 used in each package.

Explanation:

8 time 17 is 136 then you add 24 times 7 and you get 168. Then you add that together to get a total of 304 dollars

4 0
2 years ago
The Two Dollar Store has a cost of equity of 11.9 percent, the YTM on the company's bonds is 6.2 percent, and the tax rate is 40
Bezzdna [24]

Answer: 9.03%.

Explanation:

Given: The Two Dollar Store has a cost of equity of 11.9 percent, the YTM on the company's bonds is 6.2 percent, and the tax rate is 40 percent.

Debt to equity ratio is .54

i.e. \dfrac{debt}{equity}=\dfrac{0.54}{1}\ ...(i)

Adding denominator to numerator on both the sides, we get,

\dfrac{debt+equity}{equity}=\dfrac{1.54}{1}\\\\\Rightarrow\ \dfrac{equity}{debt+equity}=\dfrac{1}{1.54}  

i.e. Weighted equity = \dfrac{1}{1.54}\ ....(ii)

From (i)

\dfrac{equity}{debt}=\dfrac1{0.54}\

Adding denominator to numerator on both the sides we get,

\dfrac{equity+debt}{debt}=\dfrac{1+0.54}{0.54}

\dfrac{equity+debt}{debt}=\dfrac{1.54}{0.54}

Thus, weight of debt=\dfrac{1.54}{0.54}

Now,

Weighted average cost of capital=(Weight of equity) × (cost of equity)+(Weight of debt)×(Cost of debt)×(1-tax rate)

\dfrac{1}{1.54}\times (0.119)+\dfrac{0.54}{1.54}\times(0.062)\times(1-0.40)\\\\=0.07727+0.02174(0.60)\\\\=0.07727+0.02174(0.60)\\\\=0.07727+0.013044\\\\=0.090314\approx9.03\%

Hence, the weighted average cost of capital is 9.03%.

4 0
2 years ago
Someone who wants credentials in skilled training, but in less time than a four- year degree should consider...
Pavlova-9 [17]

Answer:

Career or technical education.

Explanation:

Someone who wants credentials in skilled training, but in less time than a four- year degree should consider Career or technical education.

A technical education course is solely based on providing skilled training which will help the student to learn the practicalities in a shorter period of time.

They are focused on a specific kind of skilled training which you can use in your career. Technical education is also known by the name of a diploma which can be completed in a period of 2 years or even in a period of months.

4 0
2 years ago
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