Notes payable and Accounts payable are both used to represent the obligations that a company has to an entity. They are however different in certain ways such as:
Payment period Conversion Entities owedThe following are differences between notes payable and accounts payable:
Payment period - Accounts payable are to be paid in less than a year whereas Notes payable can either be less or more than a year. Conversion - Accounts Payable can be converted to a notes payable if the company is unable to pay them off in time. A Notes payable on the other hand, cannot be converted to an Accounts payable. Entities owed : Accounts payables are owed to suppliers of the company but Notes payable are owed to financial institutions.In conclusion, notes payables and accounts payables have several differences.
Find out more at https://brainly.com/question/882090.
On May 28, 2021, Mary purchased and placed in service a new $60,000 car. The car was used 60% for business, 20% for production of income, and 20% for personal use in 2021. In 2022, the usage changed to 40% for business, 30% for production of income, and 30% for personal use. Mary did not elect immediate expensing under § 179. She did not claim any available additional first-year depreciation. Compute Mary's cost recovery deduction for 2021 and 2022 and any cost recovery recapture for 2022.
Mary's cost recovery deduction for 2021 and 2022 include $8000 and $8400 while the cost recovery recapture for 2022 is $3200.
The MACRS cost recovery for 2021 will be calculated thus:
= $60000 × 20%
= $12000
Since the depreciation for luxury automobile is limited to $10000, the the cost recovery deduction for 2021 will be:
= $10000 × (60% + 20%)
= 80% × $10000.
= $8000
Mary's cost recovery deduction for 2022 will be;
= (40% + 39%) × $12000
= 70% × $12000
= $8400
The cost recovery recapture for 2022 will be calculated thus:
Cost recovery deduction = $8000
The straight-line depreciation will be:
= 10% × $60000 = $6000
The proportionate depreciation for business and production will be:
= (60% + 20%) × $6000
= 80% × $6000
= $4800
Therefore, the cost recovery recapture in 2022 will be:
= $8000 - $4800
= $3200
Read related link on:
https://brainly.com/question/25298753
the country of doomsville is currently in a recession. the government of doomsville, in an effort to maintain its tax revenues in a time when incomes are falling, decides to increase the tax rate. would this policy help or hurt the recession?
Answer:
This policy would likely make Doomsville's recession worse.
Explanation:
Hope this helps, Have a great morning/night! :D
In macroeconomics, _____________________ denotes the relationship between the total quantity of goods and services and the price level for output.
Answer: aggregate demand
Explanation:
Hosts can handle 20 parties per hour, servers can handle 10 parties per hour, cooks can cook for 15 parties per hour. You have 1 host, 2 servers, and 1 cook. You expect 20 parties per hour. Which position is most likely to be overworked?
Answer:
Cook
Explanation:
Why is it better to have 10 new businesses with 10 employees each than to have a factory with 100 workers?
Answer:
100 workers can help get the job done a lot easier
Explanation:
10x10=100
Which situation best illustrates the economic concept of opportunity cost?
A. A business has to change its production methods to meet
environmental regulations.
B. A business hires a new programmer, so it can't afford to hire a new
salesperson.
C. A business decides to expand by borrowing a lot of money from
an investor
D. A business opens branches overseas, so it has to hire more
multilingual staff
In today's global market, opportunity cost is when a company hires a new coder but cannot afford to engage a new salesperson. Therefore, option B is correct.
What is an opportunity cost?When a decision must be made between numerous mutually exclusive options due to limited resources, the opportunity cost of that decision is the value of the best alternative forgone.
Opportunity cost follows directly from the shortage. While determining how to spend their money and time, people must make decisions from various options.
The potential benefits that a person, investor, or business forgoes while choosing between two possibilities are known as opportunity costs. Opportunity costs are easily disregarded because they are by nature invisible.
Opportunity cost is the difference between the value of a different option and the value of the selected one. Opportunity cost is a notion used in decision-making to assist people and organisations in making better decisions, primarily by considering alternatives.
Learn more about opportunity cost here:
https://brainly.com/question/12121515
#SPJ7
Witch of the following is a current asset?
A- Employee
B- Land
C- Supplies
D- Mortage
when the federal reserve conducts open-market operations to increase the money supply, it
When the federal reserve conducts open-market operations to increase the money supply, it buys or sells government bonds. The money supply increases when buys bonds and decreases when sells bonds.
An open market operation is an example of monetary policy. Monetary policy are the policies undertaken by a country's central bank in order to affect the level of aggregate demand in the economy.
An open market operation is the sale or purchase of government bonds. When the Fed sells bonds, its is known as an expansionary monetary policy because it increases the supply of money in the economy. On the other hand, when the Fed buys bonds, it is known as a contractionary monetary policy because it decreases the supply of money in the economy.
To learn more, please check: https://brainly.com/question/6590619
"Plain" and "ordinary meaning" refer to
A. voidable contracts
B. void contracts
C. unenforceable contracts
D. contract interpretation
hope it helps
#carry on learning
Answer:
D. contract interpretation
Explanation:
I just took it
which two are profit-oriented approaches to setting a price?
Profit-oriented approaches to setting a price to a good are those concerns or strategies that are used in order to determine what the price of a good would be.
There are three types of Profit-oriented pricing approaches and they include:
Target profit Target return-on-salesTarget return-on-investment pricing.These are all used to create a balance to the profits made and the cost of a product. However, the return on sales is good because it makes predictions about demand for the product and makes a suitable pricing for the product.
Please note that your question is incomplete and i gave you a general overview which should help you get the correct answer.
Read more here:
https://brainly.com/question/15398134
the emergence of ride sharing apps like lyft and uber have created gains from trade by
The emergence of ride sharing apps like Lyft and Uber have created gains from trade by introducing new sellers into the market for taxi services and decreasing the price of rides.
Gains from trade can be described as the increase in consumer surplus and producer surplus as a result of lower tariffs when consumers and producers are allowed to trade with less restrictions. Gains from trade occurs as a result of lower trade prices.
Ride sharing apps are apps that allow people to order for rides from their phones using an app. Examples are uber and lyft.
Ride sharing apps has increased the amount of ride options available to users. This has lead to lower prices as ride sharing apps have lowered prices to attract customers.
To learn more, please check: https://brainly.com/question/12525846?referrer=searchResults
Which of the following businesses describes a branch?
A. CarCity is a car dealership that is old by a large company but operated by a group.
B. Easy as Fries, a fast-food restaurant, is operated by one person but still owned by a large company.
C. Photo Finish, a sports photography business, has many locations that are owned an operated by the company.
D. Hit the books, a Tutoring business, has one location in San Diego, California
Photo Finish, a sports photography business, has many locations that are owned an operated by the company is the businesses describes a branch. Hence, option C is correct.
What is meant by photography business?A variety of services are offered by professional photography studios, including portraiture, commercial photography, event photography including weddings, family gatherings, bar mitzvahs, and more, convention photography, and more.
Their creativity, which is the art or process of making images by the influence of radiant energy, particularly light, on a sensitive surface, is expressed through shades, tones, smiles, joy, and even sadness.
To start, you can increase brand awareness by including brand-specific colors in your images. Additionally, your image might inspire bto take action. Good pictures elicit an emotion. Within that attitude, an emotion develops, which inspires potential customers to become clients.
Thus, option C is correct.
For more information about photography business, click here:
https://brainly.com/question/21095261
#SPJ2
Which of the following statements demonstrates intrinsic motivation?
a.
I traveled to Mexico to learn about my family's history.
c.
I joined the science club to make my parents happy.
b.
I work extra hours at my boring job to make extra money.
d.
I help out at a bake sale, so that I may recieve a pie afterwards.
Answer:
A
Explanation:
which task is carried out by book keeping
Answer:
Explanation:
Invoices and unpaid bills are one of the most important responsibilities of the bookkeeper. A bookkeeper who fails to keep an account of the money flowing into and out of the business, for instance, makes it all too easy to spend money that isn't there.
Blushing Co. had Total Assets of $105,000, which included Cash of $30,000, Accounts Receivable of $15,000 Merchandise Inventory of $60,000. Blushing also had Total Liabilities of $95,000, which included Current Liabilities of $60,000. Blushing's acid-test ratio equals:
The Acid-test ratio of Blushing Co,. is 1.25.
Acid-test ratio is also known as the quick ratio. It is the ratio of a firm's current assets to its current liabilities. It is a type of liquidity ratio. Liquidity ratio measures the ability of a firm to meet its short term obligation. The higher the acid-test ratio, the higher the liquidity of the firm.
Acid test ratio = (current asset - inventory) / current liabilities
Current assets - inventory = $105,000 - $60,000 = $45,000Current liabilities = $60,000 Acid-test ratio = $45,000 / $60,000 = 0.75A similar question was answered here: https://brainly.com/question/13972407
How do i go to the questions page so i can answer other people questions?
Answer:
You can either go to someone's question and scroll all the way down till you see a good amount of questions to answer. ( that's how I found yours :)))
Another way is you just click the brainly logo up top (mines is in the top left corner) and then scroll down a bit and there will be a list of questions you can answer. You can choose what subject of questions you would like to look at to answer!!
Hope this helps you!!!
Have a blessed day/night <33
Explanation:
in the long run a company that produces and sells pizzas incurs total costs of $1,050 when output is 90 pizzas and $1,200 when output is 100 pizzas. the pizza company exhibits
Answer:
The diseconomies of scale because average total cost is rising as output rises.
Explanation:
old Spanish-type houses in have huge high-pitched roo
what is the question kind lad
How many corporations still offer their employees a pension plan
10%
50%
12%
20%
who invented the selfie stick what purpose does it serve
Answer:
In 2005, selfie sticks were invented by Wayne Fromm, and the purpose of the selfie stick was to take photographs or videos by positioning a digital camera device beyond the normal distance of an arm. The device will also allow selfie-takers to affix their phones to a wall and stand away while snapping a picture. After the photo is taken, users will be able to easily remove their phones from the wall without leaving a trace.
Hope it helps you. :)
What is a Selfie
Selfie is a self-portrait picture diverted from the Aussie Language in Australia
A selfie stick is used to take photographs or videos by positioning a digital camera device, typically a smartphone, beyond the normal range of the arm. This allows for shots to be taken at angles and distances that would not have been possible with the human arm alone.
a device in the form of a rod on which a camera or smartphone may be mounted, enabling the person holding it to take a photograph of themselves from a greater distance than if holding the camera or smartphone in their hand.
Answer:
Who Invented Selfie Stick
Wayne Fromm
What Purpose does The Selfie Stick Serve?
to take photographs or videos by positioning a digital camera device, typically a smartphone, beyond the normal range of the arm.
Answer:
The selfie stick was invented by a Canadian inventor named Wayne Fromm in the early 2000s. The purpose of a selfie stick is to extend the reach of a smartphone or camera so that the user can take a picture of themselves (a selfie) or a group photo with a wider angle without having to ask someone else to take the picture for them.Selfie sticks have become popular since they allow people to capture better photos of themselves with a background they would like to showcase. They are portable, easy to use and can be adjusted to different lengths.
Which statement best describes the relationship between inflation and
savings?
A. As savings grow faster than inflation, the savings will buy less.
B. As inflation increases faster than savings, the savings are worth
less.
O C. As savings grow slower than inflation, the savings will buy more.
D. As inflation decreases faster than savings, the savings are worth
more.
Answer:
B. AS savings grow fast than inflation, the savings the savings are worth less.
Explanation:
This is because Over time, inflation can reduce the value of your savings, because prices typically go up in the future. This is most noticeable with cash. If you keep $10,000 under your bed, that money may not be able to buy as much 20 years into the future.
The statement that best describes the relationship between inflation and savings is that: As inflation increases faster than savings, the savings are worthless.
What is Inflation?Inflation can be defined as a decrease in the purchasing power of money that is reflected in a general increase in the prices of goods and services in an economy.
The relationship between inflation and savings can be described as a point where inflation increases faster than savings, the savings would be worthless.
Learn more about Inflation here:
https://brainly.com/question/1082634
For his persuasive speech on lowering property tax bills, Sheldon wants to discuss how the various community services such as the school district, library district, and park district are funded with regards to receipt of monies from property taxes. Which visual aid will easily allow Sheldon to show the information as a percentage of the overall income from taxes
The type of visual aid that will easily allow Sheldon to show the information as a percentage of the overall income from taxes is an Infographics visual aid.
This is because infographics like Microsoft Excel works fine when you need to show complex numerical data.
In most cases, infographics easily help create a percentage of total numbers, draw charts, and show total numbers and fractions needed to understand information.
There are various types of visual aid; some of them include the following:
Physical samples, Models, Handouts, Pictures, Videos, Infographics, etc.Hence, in this case, it is concluded that the correct answer is Infographics.
Learn more here: https://brainly.com/question/8104028
why are externalities considered a cause of market failure?
Answer:
Congress approved the Twenty-second Amendment on March 21, 1947, and submitted it to the state legislatures for ratification. ... The amendment prohibits anyone who has been elected president twice from being elected again.
Explanation:
what are some examples of fees that can be seen on a bank statement?
Many fees can be seen on a bank statement. Some of them include "Monthly Service Fees, Debit or ATM fees, etc."
Other types of fees that can be seen on the bank statement include the following:
Point of Sales fees (POS)
Annual fees
Check fees
Insufficient or Overdraft fees
Withdrawal fees
Stop payment fees
Over limit fees
Returned check fees
Third-party ATM fee, among others.
The purpose of a bank statement is to let the account owner knows what goes on in his accounts. It includes both the credit and debit fees.
Hence, in this case, it is concluded that several fees are recorded on the bank statements
Learn more here: https://brainly.com/question/21666926
jingle company signs a 6-month, $20,000 note. stated interest rate is 8% payable at the maturity date. interest incurred on the note is calculated as
The interest that Jingle Company will incur on the note is calculated as $800.
Interest Expense is incurred as payment for the use of the funds for a period of six months at 8% annual interest.
Data and Calculations:
Note Payable = $20,000
Stated interest rate = 8%
Payment period = 6 months
Interest incurred = $800 ($20,000 x 8% x 6/12)
Thus, since the maturity date of the note is in six months, the interest incurred by Jingle Company is $800.
Read more: calculating interest on note payable at https://brainly.com/question/19755278
If you get into a car accident, your _______________ may increase because you will be considered riskier for insurance companies to cover.
I WILL GIVE BRAINLIEST!!!!! THIS IS UP FOR THE MOST AMOUNT OF POINTS POSSIBLE!!!!!!!! ANY FALSE ANSWERS OR LINKS WILL BE REPORTED!!!!! PLEASE HELP ME!!!!!!!!!!
Louise is a marketing administrator at a financial institution. She has spent most of her busy day in meetings. She had a long department team meeting during the first half of the day. After lunch, she had a cross-departmental team meeting, followed by an administrative team meeting.
A. What type of employees were likely present at each of the three meetings? Provide an example of what each meeting might have been about.
B. Louise was assigned as team leader of the cross-departmental team. Since the team involves individuals who are all quite different, what kind of group dynamics should Louise watch out for? What can she do to ensure the team stays productive and motivated?
A)
First meeting
Employees: Entire marketing team
Possible topic: How to market a new service that the company provides
Second meeting
Employees: Marketing team and customer service team
Possible topic: How to improve customer satisfaction
B) She should make sure that the individuals are willing to learn new things and work well in teams because employees will have to work with others who are very different than them.
To motivate her team, she should give positive feedback, allow employees to make their own decisions, and create challenging (but realistic goals)
What tab do I use to get to the table of contents on a word document?
suggest any 5 methods by which the condition of technical education can be improved
Answer:
Acknowledge and address overcrowding.
Make funding schools a priority.
Address the school-to-prison pipeline.
Raise standards for teachers.
Put classroom-running and curriculum-building decisions in the hands of the community.
Explanation:
Technology can be utilized to improve teaching and learning and help our students be successful. ... Through the use of learning management systems (LMS) students can access online resources to get assistance on demand beyond the physical reach of their teacher. Technology can also extend education in another way.
assisted projects aimed at improving technical and vocational education. Introduction ... priorities as defined by aid recipients (see, for example, Gray &.
Technical education is a term applied to schools, institutions, and educational programs that specialize in the skilled trades, applied sciences, modern technologies.
should my husband and i get our retirement accounts at the same place to make things easier when one dies
Answer:
yes if you trust him
Explanation: