What is credit note and invoice received?

Answers

Answer 1
Answer: Credit note
A credit note or credit memorandum (memo) is a commercial document issued by a seller to a buyer. The seller usually issues acredit memo for the same or lower amount than the invoice, and then repays the money to the buyer or sets it off against a balance due from other transactions.

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22) Where would the event purchased land for cash appear, if at all, on the indirect statement of cash flows?a. Operating activities section b. Investing activities section c. Financing activities section d. Does not represent a cash flow
MVJ Corp., a market research firm, borrows $2 million from trimitium bank. while negotiating with the bank, the firm signs a promissory note, which specifies that the firm must pay the borrowed amount in 90 days with interest. however, the bank also requires the firm's inventories and receivables to be pledged as collateral to back the loan. which of the following financing options is being offered by trimitium bank in the given scenario?1. spontaneous financing2. short-term bank loans3. bank debit4. factoring

Suppose a u.s.-made machine costs $500 and the exchange rate is 100 yen = $1. a japanese citizen purchasing this machine would pay:

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When a machine is in US dollar and a Japanese needs to pay in Yen, the amount should be converted into Yen.

A US Made machine cost $500

Exchange rate : 100 Yen = $1

In order to purchase the machine, a Japanese needs to pay:

= Cost of the machine in dollars × Yen per dollar

= $500 × 100

= 50,000 yen

Therefore, a machine of $500 will cost a Japanese in 50,000 Yen.

A U.S.-based MNC has just established a subsidiary in Algeria. Shortly after the plant was built, the MNC determines that its exchange rate forecasts, which had previously indicated a slight appreciation in the Algerian dinar, were probably false. Instead of a slight appreciation, the MNC now expects that the dinar will depreciate substantially due to political turmoil in Algeria. This new development would likely cause the MNC to ____ its estimate of the previously computed net present value.

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Answer:

A U.S.-based MNC has just established a subsidiary in Algeria. Shortly after the plant was built, the MNC determines that its exchange rate forecasts, which had previously indicated a slight appreciation in the Algerian dinar, were probably false. Instead of a slight appreciation, the MNC now expects that the dinar will depreciate substantially due to political turmoil in Algeria. This new development would likely cause the MNC to reduce its estimate of the previously computed net present value.

Explanation:

The difference between the present value of cash inflows and the present value of cash outflows over a period is referred to as the net present value (NPV).

NPV is used In capital budgeting and investment planning, NPV is used to analyze the profitability of a projected investment or project.

The company should therefore reduce the estimates because it will increase the discount rate which would, in turn, impact the net present value (NPV) and drag it down to lower value.

Answer:

This new development would likely cause the MNC to LOWER its estimate of the previously computed net present value.

Explanation:

All companies making foreign direct investments are face currency exchange risks. In this case, the Algerian dinar was expected to appreciate against the US dollar, which meant that nay calculations regarding the future cash flows could be carried out considering a strong dinar.

But now, due to internal turmoil the dinar is expected to depreciate heavily and that will reduce the future cash flows and negatively affect the NVP.

Imagine that a product has an initial investment of $1 million, and you needed 10 dinars to purchase $1. Then the future cash flows for the following 5 years were 3 million dinars per year, and the company required a 10% rate of return.

Since the company is based in the US it had to calculate the cash flows in US dollars, each cash flow = $300,000.

But if the dinar depreciates 15% against the US dollar, then each cash flow will equal $255,000.

We can use an excel spreadsheet and the NPV function to calculate the NPVs for both estimated and actual scenarios.

  • The NPV before the depreciation = $137,236
  • The NPV after the depreciation = -$33,349. The project is not feasible anymore due to the depreciation of the dinar.

Find the payment necessary to amortize the loan. Round the answer to nearest cent. $12,000; 12% compounded monthly; 48 monthly payments ..... O A. $316.23 O B. $316.01 O C. $1,446.27 O D. $310.98

Answers

Answer:

To find the payment necessary to amortize the loan, you can use the formula for calculating the monthly payment on a loan. For this loan amount of $12,000, an interest rate of 12% compounded monthly, and 48 monthly payments, the payment amount would be approximately $316.23. So, the correct answer is option A. $316.23.

Sam traded a parcel of land for a tractor and a car. He had purchased the land five years earlier for $16,000. The market value of the car and tractor is $20,000. What is the amount of gross income resulting from this transaction?

Answers

Answer:

$4,000

Explanation:

Sam's gross income from this transaction can be calculated by subtracting the price of the car and the tractor from the cost basis of the land.

Sam's gross income = cost basis of land - price of car and tractor = $20,000 - $16,000 = $4,000

In this case Sam's gain should be considered capital gains since it is a gain made from the selling investments that are held for more than 1 year.

Final answer:

The gross income from the transaction where Sam traded his land (originally bought for $16,000) for a tractor and car (worth $20,000) would be $4,000. This is calculated by subtracting the initial purchase price of the land from the market value of items received in return.

Explanation:

Based on the information given in your question, it seems like we're trying to calculate the gross income that resulted from Sam's sale of land. Gross income is essentially the net sales minus the cost of goods sold; in this case, the 'goods' are the land. So, you simply subtract Sam's original purchase price of the land ($16,000) from the later sale price (or market value) of the car and tractor he got in exchange ($20,000)

So, you calculate it as follows:

  1. First, recognize the market value of the goods received in return for the land - in this case, the car and tractor, which amount to $20,000.
  2. Then, subtract the initial purchase cost of the land - the $16,000 that Sam paid for it five years ago.
  3. This leaves us with $20,000 - $16,000 = $4,000.

Therefore, Sam's gross income from this whole transaction is $4,000.

Learn more about Gross Income here:

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There could be many baseline effects and fluctuation effects occurring under which level?a) breakthrough level
b) inception level
c) terminal level
d) manifestation level

Answers

Answer:

The correct answer is D

Explanation:

Manifestation level is the level where the changes or variations in the knowledge or the behavior and it could be observed or noticed. And usually the fluctuation effect need to be adequate strong in order to break or smash by the manifestation level.

It is that level where there could be fluctuation effects as well as the baseline effects.

A machine that is used to sew shirts is called a _____ . capital good, natural resource, nonrenewable resource

Answers

the answer is capital good.

capital good is the answer