On December 31, 2016, Jerry's, Inc borrowed $500,000 by signing a five-year, 8% note payable
The note is payable in five yearly installments of $100,000 plus interest, due at the end of every year beginning on December 31, 2017. What amount represents the current portion of Long-term Notes Payable at December 31, 2016?
What will be an ideal response
The current portion of notes payable is the principal amount that will be paid within one year.
Therefore, Principal Amount = $500,000
Current portion of Long-term Notes Payable = $500,000 / 5 years = $100,000
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Floyd and Merriam share profits and losses equally. They agreed to dissolve the partnership and start a new one, admitting Ramelow for one-half share in the capital in exchange for land with a market value of $66,000. Which of the following is the correct journal entry to record the introduction of Ramelow as a partner?
Floyd and Merriam start a partnership business on June 12, 2019. Their capital account balances as of December 31, 2020 stood as follows:
The evil intent necessary to commit a crime is known as "actus reus."
Indicate whether the statement is true or false
Identify and briefly discuss the management rights and duties of a partner
In a grocery store's "valued customer" program, every shopper gets a card that he or she presents to the clerk in the checkout aisle. The card is scanned along with the customer's groceries. The store's computer system tracks each shopper's purchases and automatically provides special "valued customer" discounts. Every month, the customers in the program receive a newsletter containing coupons that are based on the customer's purchase history. For example, someone purchasing a lot of baby formula and disposable diapers might get a coupon for a free box of baby wipes. Which of the following types of research represents this valued customer program?
A. experimentation B. observation C. online surveys D. personal interviews E. questioning