Brooke company grants james decorating additional time to pay its past-due account. james makes a written promise to pay brooke the amount on a certain date. james records this transaction by debiting
a. notes receivable and crediting accounts receivable.
b. cash and crediting accounts receivable.
c. accounts receivable and crediting notes receivable.
d. accounts payable and crediting notes payable.

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan

How are credit unions similar to banks

Considered to be a "super tool" or tool that has high use and high potential for improving project success?