A company purchased land in exchange for a $25,000, 10-year note payable. The increase in the Notes Payable account would be recorded with a ______.

Answers

Answer 1

The increase in the Notes Payable account would be recorded with a credit.

Notes payable account:

Assuming the company purchased land in exchange for a $25,000, 10-year note payable the increase in the Notes Payable account would be recorded with a credit.

The appropriate journal entry to record this transaction will be:

Journal entry

Debit Land $25,000

Credit Notes Payable $25,000

(To record note payable)

Inconclusion the increase in the Notes Payable account would be recorded with a credit.

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Related Questions

Which phrase best describes a reason to check a company's prospectus before investing?
A. To identify the company's investment strategy
B. To discover if the company will lose money in the future
C. To learn about the company's financial track record
D. To understand the company's guaranteed future earning potential

Answers

The main reason for checking a company's prospectus before investing is to identify the company's investment strategy.

What is a company's prospectus?

A company's prospectus refers to the legal document designed to provide full details about an investment offering for sale to the public.

Hence, the main reason for checking a company's prospectus before investing is to identify the company's investment strategy.

Therefore, the Option A is correct.

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Answer:

to learn abt companys track record

Explanation:

justr took

Due to technological advances, individuals are able to buy and download music from the Internet as opposed to simply
buying music from a store.
Which statement describes an economic impact of this technological advance?
A)
Consumer demand for compact discs has increased.
B)
Consumer demand for compact discs has decreased.
The efficiency of downloading music has decreased.
D)
The number of stand alone music stores has increased

Answers

B. It is saying things are turning online and you no longer need to use discs therefor the answer is B.

The Us Joint has an 18% market share of the fast-food market in India. The market is worth $12
million per year. Calculate the annual sales of Js Joint? *
O 18%
O $12 Million
O 2.16 Million per year

Answers

Answer:2.16 Million per year

Explanation: 12million times 18%

The annual sale of the company Us Joint is 2.16 Million per year. Thus, option fourth is correct.

What is the meaning of market share?

Market share is the proportion of an industry's or market's total revenues achieved by a certain business over a given time period.

Market share is derived by dividing the company's sales for the period by the industry's total sales over the same period. A company's market share is defined as its sales as a proportion of overall industry revenues.

A company's market share may be calculated by dividing its total sales revenue by the total sales of the industry over a fiscal year.

According to the question, market share of the fast-food market in India is 18%.  The market is worth $12 million per year.

The annual sale of the company is computed as follows:-

Annual sale = Market worth × Percentage of Market share

                   = $12 million ×  18%

                   = $2.16 Million per year

Therefore, it can be concluded that The yearly revenue of the firm Us Joint is $2.16 million. Hence, option fourth is correct.

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Tax rates for proprietorships, partnerships, and LLCs ______ with the passage of the Tax Cuts and Jobs Act of 2017.

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The provision on tax rates for proprietorship, partnerships, and LLCs changed with the passage of the Tax Cuts & Jobs Act.

What is the Tax Cuts & Jobs Act?

The Tax Cuts & Jobs Act is a legislation that guides tax rate on income and addresses concerns about tax credit for employers.

In conclusion, the provision on tax rates for proprietorship, partnerships, and LLCs changed with the passage of the Tax Cuts & Jobs Act.

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Identify which of the following statements are true. (Select all that apply.) Multiple select question. Liabilities are on the right side of the accounting equation and have normal credit balances. Credits increase liabilities. Credits increase assets. Credits increase stockholders' equity. Assets are on the left side of the accounting equation and have a normal debit balance.

Answers

The true statements from the options are:

Liabilities are on the right side of the accounting equation and have normal credit balances. Credits increase liabilities. Credits increase stockholders' equity. Assets are on the left side of the accounting equation and have a normal debit balance.

The Accounting Equation

Comprises of assets on the left and these have a debit balance. When assets are increased they are debited.

The right side contains both liabilities and stockholders' equity. Both of these have a normal credit balance and they increase when they are credited.

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Basic earnings per share is calculated as net income available to common shareholders divided by Multiple choice question. average total assets. average stockholders' equity. weighted average common shares outstanding. ending retained earnings.

Answers

Basic earnings per share is calculated as net income available to common shareholders weighted average common shares outstanding.

What is basic earnings per share?

Basic earnings per share is the share of a firm's net income that is available to each unit of its common outstanding shares. Basic earnings per share differs from diluted earnings because it excludes preferred shares from its calculations.

Basic earnings per share = (net income - proffered shares) / common outstanding shares

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Mechelle has a life estate in a property in rural Maine. Mechelle has allowed people to camp and park in the backwoods of the property, leaving piles of trash everywhere and thereby diminishing the value of the property. Mechelle is allowing what to happen

Answers

The scenario that's illustrated regarding the property in this case is improper dominion.

What is dominion?

It should be noted that in law, dominion simply means the right to control the ownership of a a property.

In this case, since Mechelle has allowed people to camp and park in the backwoods of the property, leaving piles of trash everywhere and thereby diminishing the value of the property, this illustrates improper dominion.

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1. Economic growth results from a/an A. decrease in quality of resources. B. decrease in quantity of resources. C. increase in capital depreciation. D. increase in volume of innovations​

Answers

Answer:

D. increase in volume of innovations.

Explanation:

Sheng, the CEO of Mirrorz Inc., comes up with a plan to implement business unit strategies successfully. He decides to do this by making technical advancements in the manufacturing process of the products and developing a solid financial system run by an efficient team. He also plans to establish a marketing team that would sell to people who would not normally buy the product. The ultimate mission of the company would be to provide a customer friendly environment. The plan initiated by Sheng can be best categorized as a(n) ________.

Answers

The plan initiated by Sheng can be best categorized as a vision statement based on the plans he wants to implement in his business.

What is Vision Statement?

This refers to the statement which contains the goals and objectives of which an organization wants to achieve in a given time period.

With this in mind, we can see that Mr Sheng is making use of vision statement by the plans he is making on how to implement his business and also to hire a marketing team to establish his business.

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Whats the number to 911?

Answers

i dont know, it could really be any thing tbh

A company may choose to launch the same advertising campaign globally. This particular campaign may be launched with identical pictures and messages but in different languages. Advertisers might try to bridge the cultural gap by appealing to ______ across countries. Multiple choice question. less well-educated consumers the same target market the same work environment price-sensitive consumers

Answers

The company here may try to bridge the cultural gap by their attempt to appeal to the same target market.

What is a target market?

This is the market for whom the producer is creating goods or services. They are the final consumers of that good.

The company here would have to appeal to the same people that need these kinds of goods despite the cultural differences that exist.

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Answer: the same target market

Kailyn works in the west coast branch of American Cable. Louis works in the east coast branch. They need to collaborate on a project. Which communication channel should they use

Answers

The communication channel they could use is Phone through video calls.

What is a communication channel?

A communication channel is a medium through which two or more people in different regions can employ or utilized to have a conversation and hear themselves clearly without any obstruction in their communication.

From the given information:

Kailyn works in the west coast Branch of American Cable.Louis works in the east coast Branch.

Since each party works in a region that is lateral to each other on the map, the communication channel they can use to collaborate on a project would be phone through video calls.

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Greyco and sons earns $6,900 of revenue on account in year 1. Cash collections of receivables amount to $6,300 in year 1 with the remainder being collected in year 2. Based on this information alone the company’s financial statements would show.

Answers

Based on the given information, the financial statements would show a balance of $600 in accounts receivable at the beginning of Year 2.

Accounts receivables These are cash owed to the company for goods received. They are considered assets.

The company made $6,900 in year 1 but only $6,300 from this was paid. They are therefore being owed an amount of:

= 6,900 - 6,300

= $600

This amount will go to the Accounts Receivable at the end of year 1 and open the account in year 2.

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Which forecasting technique involves analysts using the aggregate opinion of expert panelists, along with justified reasoning, to estimate future sales scenarios?

Answers

Answer:

The case involves analysts using the aggregate opinion of expert panelists.

The forecasting technique is the "Delphi method," which involves aggregating expert panelists' opinions and using reasoned discussions to estimate future sales scenarios.

The "Delphi method" is a forecasting method that has analysts estimate potential future sales scenarios using the collective wisdom of expert panelists and supported reasoning. The Delphi method asks a group of experts to present their individual predictions while remaining anonymous.

The panelists are then given an overview of the responses and invited to provide additional commentary and discussion. This iterative process keeps going until there is agreement or the forecasts converge. When making predictions in complex and uncertain situations where expert judgment and reasoning are essential, the Delphi method can be useful.

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What are the types of Monopoly???​

Answers

Simple Monopoly and Discriminating Monopoly: A simple monopoly firm charges a uniform price for its output sold to all the buyers

Pure Monopoly and Imperfect Monopoly

Natural Monopoly

Legal Monopoly

Industrial Monopolies or Public Monopolies

How long after irs accepts return will it be direct deposited.

Answers

Answer:

within 7-10 days of receiving your tax return, and process paper checks within about two weeks.

Explanation:

If you withdraw money from a CD before its maturity date, you will face a financial penalty. True False

Answers

Answer:

True

Explanation:

Amazon collects massive amounts of data about how, when, why, where, and what people buy, and then analyzes those data to better serve its customers. This activity refers to

Answers

Marketing analytics involves Amazon collects massive amounts of data about how, when, why, where, and what people buy, and then analyzes those data to better serve its customers.

What is marketing analytics?

It is the study of data gathered through campaigns, awareness and purchase of goods in order to discern or know the performance of the various marketing activity.

Amazon is acting as marketing analytics.

Therefore, marketing analytics involves Amazon collecting massive amounts of data about how, when, why, where, and what people buy, and then analyzes those data to better serve its customers.

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Organizational behavior clearly indicates that managers should be held accountable for task performance results but not job satisfaction results since job satisfaction results are the domain of employees.True False

Answers

The given statement which states that in organizational behavior, managers should be responsible for task performance results and not job satisfaction results is false.

What is Job Satisfaction?

This refers to the feelings of fulfilment which a person gets based on the job he is doing.

With this in mind, we can see that in the organizational behavior which lays emphasis on the interaction of people in groups, then the managers are also held responsible for the job satisfaction results.

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A social audit is a systematic assessment of employee happiness within a company.

Answers

Answer:

Yes

Explanation:

It will allow the company to understand key areas of improvement to make the work environment the best it can be for the people who work there.

How do i know if i received the third stimulus payment?.

Answers

Answer:

Use the IRS Get My Payment tool to track stimulus money

For the third stimulus check: It's worth visiting the IRS' online portal designed to track the status of your 2021 payment. Generally, it should tell you when your check will be processed and how you'll receive it: for example, as a paper check in the mail.

Explanation:

Pls help!

The equilibrium price for this market is
(point)
O$20
O $40
O $30
O $10

Answers

Oh the answer is 40$ You got this! :)

Fill in the blank: During the _____ phase of the data life cycle, a business decides what kind of data it needs, how it will be managed, who will be responsible for it, and the optimal outcomes.

Answers

It should be noted that During the planning phase of the data life cycle, a business decides what kind of data it needs.

What is planning phase all about?

planning phase can be regarded as one phase in the data life cycle where a business gather all the needed data and decide how to manage it.

Therefore, planning phase  help in selection of

optimal outcomes.

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Which term describes a situation where the quantity of output rises, but the average cost of production falls?.

Answers

Answer: Economies of scale

Economies of scale describe a situation where the quantity of output rises, but the average cost of production falls.

What do economies of scale result in a fall in?

Economies of scale additionally result in a fall in common variable fees (average non-constant fees) with growth in output. this is brought about by means of operational efficiencies and synergies because of a boom within the scale of production.

Examples of economies of scale consist of accelerated purchasing power, community economies, and technical, economic, and infrastructural. While a firm grows too large, it may be afflicted by the alternative diseconomies of scale. that is wherein unit expenses start to grow to be extra high priced, due to increasing size.

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Mr. Buffett says the kinds of bad qualities some people show are qualities that no
one has to have. Do you agree?

Answers

Answer:

some people may or may not have bad manners, qualities can be in each individual and it can be on what you do lazy, or active, quiet, or it can be anything.

A(n) _____ company acts like an evangelist, assigning ownership of a project or new business creation and providing seed funding to test it.

Answers

Advocacy is important when establishing a business, advocate models company acts like an evangelist, assigning ownership of a project or new business creation and providing seed funding to test it.

What is Advocacy model?

They are advocate and they provides support and relevant information that is needed to empower their partner or business owner to enable them to identify their needs and choices.

Therefore, Advocate models company acts like an evangelist, assigning ownership of a project or new business creation and providing seed funding.

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A relationship called a _____ exists when a buyer and its supplier adopt mutually beneficial objectives, policies, and procedures for the purpose of lowering the cost of and/or increasing the value of goods and services delivered to the ultimate customer.

Answers

Answer:

Buying Criteria

Explanation:

Buying Criteria ... exists when a buyer and its supplier adopt mutually beneficial objectives, policies, and procedures for the purpose of lowering the cost or increasing the value of products and services delivered to the ultimate consumer.

how much do child life specialists make a month :)
just asking...
for a friend

Answers

Uhh like any other job it varies but uhh on average I’d say about $50,000 a year. But it ranges from 15,000 to 120,000. And the average hourly pay is like $16-$25 and hour.

Hope this helps!

A travel company launches a new app that makes the process of booking your next vacation into a game. This is best categorized as using social media to ______ the customer. Multiple choice question. engage give an experience to educate excite

Answers

The process employed by the travel company is to excite the customers through Social media.

What is the process called?

The process employed is an example of the company promotional activities which aims to induced potential and existing customers.

In conclusion, the process employed by the travel company is to excite the customers through Social media.

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Setting goals and figuring out how to achieve them describes the _____ function of the management process.

Answers

The answer is planning.
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