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Nike Q4 was 1.4 billion

Tesla was 3.7 Billion

McDonalds was 3.7 Billion

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Notes payable are long term liability accounts incurred through financing by banks and other lending institutions. Accounts payable refers to short term liability accounts incurred for purchases with vendors and suppliers on credit. 

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Notes payable are long term liability accounts incurred through financing by banks and other lending institutions. Accounts payable refers to short term liability accounts incurred for purchases with vendors and suppliers on credit. 

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Nikes Q4 2022 net income was $1.4 billion, McDonalds Q4 2022 net income was $1.9 billion, and Tesla’s Q4 2022 net income was $3.69 billion.

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The difference between notes payable and accounts payable is clearly seen when examining the definitions of both. Accounts payable involves only short-term liabilities resulting from the credit purchase of goods/services. These short-term liabilities are also non-collateralized, meaning new orders may still be fulfilled. Notes payable involve both long-term and short-term liabilities and are usually funded by banks and other financial institutions. These loans have a specific due date as well as a predetermined repayment schedule.

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Q4 2022 net income of Nike, McDonalds, and Tesla:

Nike- 1.44 billion

McDonald's- 1.9 billion

Tesla- 3.7 billion

https://www.cnbc.com/2022/06/27/nike-nke-earnings-q4-2022-earnings-.html

https://www.cnbc.com/2023/01/31/mcdonalds-mcd-q4-2022-earnings.html

https://www.wsj.com/market-data/quotes/TSLA/financials/quarter/income-statement

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Nike earnings top Wall Street’s expectations, despite inflation in the U.S. and Covid lockdowns in China

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Nike posted better-than-expected sales and profit for its fiscal fourth quarter.

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A note payable involves a formal commitment in writing to repay a specified amount on a future date, essentially constituting a loan agreement between a borrower and a lender. An example of this would be if a company borrows $10,000 from a bank, agreeing to repay the sum with a 5% interest rate in one year, it is recorded as a note payable.

On the other hand, accounts payable denote the short-term commitments a company has for goods and services received on credit. This reflects the money a company owes its suppliers or vendors for goods or services received but still needs to be paid for. An example of this would be if a company acquires $5,000 worth of inventory on credit from a supplier, the $5,000 is recorded as accounts payable until the company makes that payment.

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Definition of Notes Payable

The account Notes Payable is a liability account in which a borrower's written promise to pay a lender is recorded. (The lender record's the borrower's written promise in Notes Receivable.) Generally, the written note specifies the principal amount, the date due, and the interest to be paid.

For most companies, if the note will be due within one year, the borrower will classify the note payable as a current liability. If the note is due after one year, the note payable will be reported as a long-term or noncurrent liability.

Example of a Note Payable

If a company borrows money from its bank, the bank will require the company's officers to sign a formal loan agreement before the bank provides the money. The company will record this loan in its general ledger account, Notes Payable. In addition to the formal promise, some loans require collateral to reduce the bank's risk.

Definition of Account Payable

The account Accounts Payable is normally a current liability used to record purchases on credit from a company's suppliers. In this situation there is no formal written promise to pay.

Examples of Accounts Payable

Often a company will send a purchase order to a supplier requesting goods. When the supplier delivers the goods it also issues a sales invoice stating the amount and the credit terms such as Due in 30 days. After matching the supplier's invoice with its purchase order and receiving records, the company will record the amount owed in Accounts Payable.

Other amounts recorded in Accounts Payable will include invoices/bills that a company owes for services it had received on credit. Examples include legal services, utility bills (electricity, heat, phone), consulting services, etc.

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What is the difference between Notes Payable and Accounts Payable? | AccountingCoach

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Definition of Notes Payable The account Notes Payable is a liability account in which a borrower's written promise to pay a lender is recorded. (The lender record's the borrower's written promise in Notes Receivable.) Generally, the written note specifies the principal amount, the date due, and t...

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Nike: $1.44 Billion

McDonalds: $1.9 Billion

Tesla: $3.7 Billion

sources:

https://www.cnbc.com/2022/06/27/nike-nke-earnings-q4-2022-earnings-.html

https://www.cnbc.com/2023/01/31/mcdonalds-mcd-q4-2022-earnings.html

https://www.wsj.com/market-data/quotes/TSLA/financials/quarter/income-statement

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Nike earnings top Wall Street’s expectations, despite inflation in the U.S. and Covid lockdowns in China

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Nike posted better-than-expected sales and profit for its fiscal fourth quarter.

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Haruki Maruyama

NIKE: 1.439

MCDONALDSZ: 1.9

TESLA: 3.7

Sources:

https://investors.nike.com/investors/news-events-and-reports/investor-news/investor-news-details/2022/NIKE-Inc.-Reports-Fiscal-2022-Fourth-Quarter-and-Full-Year-Results/default.aspx

https://www.cnbc.com/2023/01/31/mcdonalds-mcd-q4-2022-earnings.html

https://www.theverge.com/2023/1/25/23571618/tesla-q4-2022-earnings-revenue-profit-prices-demand

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Both notes payable and accounts payable are outstanding, but are distinguished by the presence or absence of a note and the due date. Whereas notes payable involve formal borrowing, accounts payable represent short-term obligations arising from normal business activities.

Note Payable is a formal written agreement to repay a specific amount of money by a certain date, typically with interest. This type of liability arises when a company borrows funds from a lender, often in the form of a promissory note. Notes payable are usually long-term obligations and appear on a company's balance sheet. For example, if a company borrows $100,000 from a bank at 5% over 5 years, it would record a note payable on its balance sheet.

Account Payable is a short-term liability representing an amount owed by a company to its suppliers or vendors for goods and services purchased on credit. It reflects the company's obligation to pay its creditors and is recorded on the balance sheet under current liabilities. For example, if a company purchases $500 of office supplies on credit from a vendor with a due date of 30 days, this would be recorded on the balance sheet as an increase in accounts payable.

Source:

https://www.investopedia.com/ask/answers/030515/how-are-accounts-payable-listed-companys-balance-sheet.asp

https://www.accountingtools.com/articles/accounts-payable-ledger?rq=Accounts%20Payable

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Notes payable result from a promissory note that requires the buyer to pay a set amount to the seller by a certain date. It usually is a long term payout and lasts over 12 months, but can be short term too. An example of this would be if a small company borrowing money from a bank. The bank then will require the company to sign a formal agreement, a note, to pay back the money to the bank with a certain annual interest rate. The company then puts the loan in its general ledger account, in notes payable.

Accounts Payable refers to the sum that a business is obligated to pay to its suppliers for goods acquired or services received on credit. Typically, accounts payable is short term in which the company expects a repay within one year. An example of accounts payable occurs when a company will send a purchase order to a supplier who is in need of goods. When the supplier issues the goods it delivers a sales invoice that the amount and terms due within typically 30 days. After the purchase, the company records the purchase in accounts payable.

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The Q4 2022 net income for Nike is was about 1.44 billion dollars. It seems that it dropped due to Covid-19 negatively impacting the company and decreasing its sales. Furthermore, lockdowns in China hurt some of Nike's business and caused this drop.

McDonald's net income for Q4 in 2022 was about 1.9 billion. McDonalds did well this year, exceeding expected revenue, as higher prices with higher demand did the company well. The success of the "McRib" marketing campaign also helped McDonalds do well in 2022.

Lastly, Tesla's Q4 2022 net income was 3.7 billion. Like McDonalds, Tesla seemed to be doing better and improving. While there was more struggle and issues for Tesla, they seemed to be moving upwards according to their 2022 net income.

Sources:

https://www.cnbc.com/2022/06/27/nike-nke-earnings-q4-2022-earnings-.html

https://fashionunited.com/executive/management/nike-posts-q4-revenue-growth-but-net-income-down-28-percent/2023063054590

https://www.cnbc.com/2023/01/31/mcdonalds-mcd-q4-2022-earnings.html

https://www.usatoday.com/story/money/markets/2023/01/25/tesla-earnings-stock-price/11119576002/

https://tesla-cdn.thron.com/static/SVCPTV_2022_Q4_Quarterly_Update_6UDS97.pdf?xseo=&response-content-disposition=inline%3Bfilename%3D%22b7871185-dd6a-4d79-9c3b-19b497227f2a.pdf%22

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A note payable is a liability account where a customer or borrower has a written promissory note to repay a seller at a future time. These are long-term liabilities and is a promise to repay a seller. However, this is bigger than a promise, as the promissory note is a formal contract and requires interest sometimes. Notes payable also typically require an agreement with a bank or other financial institution. To illustrate, lets say Company A wants to expand its operations but lacks the current funds to do so. They go to the bank and get a $100,000 loan and come up with a payment plan to repay the loan within 4 years. This would be put on a notes payable account, because Company A signed a promissory note agreeing to the bank's conditions and repayment schedule.

On the other hand, an accounts payable is a promise to pay a seller at a later date for services or goods received but not yet paid for. These come from purchases made on credit, are a liability, and are typically short-term. For example, Company A hires Company B to provide an IT service for a month, and they will be paid $5,000 at the end of the month. This $5000 would be put on account payable, as the company was a responsibility to pay this amount due to receiving a service.

Note payable and account payable differ due to level of commitment and time. Unlike a note payable, an account payable does not come with a legal or binding contract, nor does it require making agreements with other financial institutions such as a bank. These are obligations a company owes, and are typically short term. Note payable accounts, however, usually require interest and have a contract agreement that usually details repayment plans. These are more than a simple promise, and they can be long or short-term. Furthermore, note payable accounts

can impact a business more than an account payable can typically.

SOURCES:

https://www.allianz-trade.com/en_US/insights/accounts-payable-vs-notes-payable.html#:~:text=Notes%20payable%3A%20Essentially%20a%20written,companies%2C%20or%20other%20financial%20institutions.

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Accounts Payable vs. Notes Payable: Differences & Examples

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Discover the key differences of accounts payable vs. notes payable. We go in-depth to explain the difference plus use multiple examples. Click now!

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Nike: 1.44 billion

McDonalds: 1.9 billion

Tesla: 3.7 billion

Sources:

https://fashionunited.com/executive/management/nike-posts-q4-revenue-growth-but-net-income-down-28-percent/2023063054590

https://www.autonews.com/earnings-reports/tesla-q4-earnings-net-income-surges-59-37b#:~:text=Net%20profit%20for%20the%20quarter,per%20share%2C%20a%20year%20earlier.

https://www.prnewswire.com/news-releases/mcdonalds-reports-fourth-quarter-and-full-year-2022-results-301734277.html

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Kohei Shimizu

NIKE's net income for the fourth quarter of 2022 is $1 billion, down 28% from the same period last year. This was likely due to lockdowns in China and supply chain disruptions. Net sales fell 1% from the same period last year to $12.2 billion.
MCDONALD'S net income for the fourth quarter of 2022 is $2.0 billion, up 13% from the same period last year. This was likely due to the global economic recovery and successful investments in digitalization. Net sales increased 11% year over year to $6.0 billion.
TESLA's net income for the fourth quarter of 2022 is $2.8 billion, up 27% from the same period last year. This was due to continued growth in demand for electric vehicles. Net sales increased 71% year over year to $17.7 billion.

reuters.com

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Kohei Shimizu

A note payable is a document in which the buyer promises to pay the seller. It is typically scheduled to be paid over a specific period of time. A note payable usually takes the form of a debt along with interest.
An example is when company A purchases goods for company B and issues a note payable, promising to pay it in 30 days.
Accounts payable represents a company's outstanding obligation for goods or services that have not yet been paid for. Payment is usually made after the goods or services have been provided.
An example is when company C purchases goods from a supplier and the goods have been received but not yet paid for.

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A note payable is a liability account where a borrower has a written promise to repay whoever the lender is. Typically it is a long term liability and usually lasts longer than 12 months and should usually be paid within 5 years.

Accounts payable are amounts that are owed to lenders for goods or services that have been received but not payed for yet.

Although both are liability accounts, there are differences. Accounts payable comes with no binding documentation like note payable. Also account payable is typically used in the short term in the course of normal business operations. Note payable accounts have binding documentation or formal agreements with specified terms, can include interest, and can be both short or long term.

SOURCES:

https://www.investopedia.com/terms/a/accountspayable.asp#:~:text=Accounts%20payable%20(AP)%20are%20amounts,on%20the%20company's%20balance%20sheet.

https://www.indeed.com/career-advice/career-development/what-is-notes-payable#:~:text=A%20notes%20payable%20is%20a,pay%20it%20within%20five%20years.

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Nike: 1.44 billion

McDonalds: 1.9 billion

Tesla: 3.7 billion

cnbc.com/2022/6/27/nike-nke-earnings-q4-2022-earnings-.html

cnbc.com/2023/1/31/mcdonalds-mcp-q4-2022-earnings-.html

https://tesla-cdn.thron.com/static/SVCPTV_2022_Q4_Quarterly_Update_6UDS97.pdf?xseo=&response-content-disposition=inline%3Bfilename%3D%22b7871185-dd6a-4d79-9c3b-19b497227f2a.pdf%22

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There are several differences between accounts payables and notes payables. Accounts payables are typically short term liabilities that involve purchasing from suppliers or vendors. Notes payables are also liabilities however, they tend to be longer in term and involve obtaining financing from financial institutions or credit companies.

One of the key differences between accounts payable and notes payable is a note payable is longer term in nature and involves a promissory note. The promissory note typically includes a repayment schedule for both the loan principal and interest.

An example of an accounts payable expense would be a retail business purchasing next seasons hockey equipment inventory from a supplier on credit. The supplier will invoice the business for the expense in the future. An example of a notes payable is a business purchases a new skate sharpening machine and obtains a promissory note from a bank to pay the manufacture for the equipment. The promissory note contractual term involves repaying the principal plus interest over a 36 month period.

source:

https://tipalti.com/accounts-payable-hub/accounts-payable-vs-notes-payable/#:~:text=Accounts%20payable%20involves%20recording%20and,financial%20institutions%20and%20credit%20companies.

Wild, J and Shaw K (2021). Fundamental Accounting Principles (twenty-Fifth Edition,47). McGraw Hill, LLC

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Nike: 1.44 Billion

McDonald's: 1.9 Billion

Tesla: 3.7 Billion

Sources:

https://www.cnbc.com/2022/06/27/nike-nke-earnings-q4-2022-earnings-.html

https://www.cnbc.com/2023/01/31/mcdonalds-mcd-q4-2022-earnings.html

https://www.wsj.com/market-data/quotes/TSLA/financials/quarter/income-statement

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Accounts payables result when a person or company purchases items or services, or incurs expenses, and does so "on account" - with the understanding that a bill will be produced and paid at a later date, rather than the goods or services being paid for immediately in cash. These sums are considered liabilities. For example, let's say that The Awesome Socks club hired a consultant to help them explore their options for a new warehouse to expand their production. That consultant would analyze Awesome Socks' options, and advise them, as they were hired to do. An invoice would be sent to Awesome Socks, and would be logged as a credit to Accounts Payable, and a debit to Consulting Expenses.

A Note Payable is a formal promissory note that legally obliges a company to pay a set sum on or by a set date, usually also with interest. It is still considered a liability. If, for example, that consultant advised that it was more cost effective to expand the current warehouse through construction efforts, rather than buying a larger warehouse, Awesome Socks might approach a bank for a loan to cover construction costs. That loan would have a promissory note, a scheduled plan for repayment, and the money borrowed would accrue interest owed to the bank along with the amount borrowed.

Sources:

https://www.accountingcoach.com/blog/notes-payable-accounts-payable

https://www.wallstreetmojo.com/accounts-payable-vs-notes-payable/

Wild, J and Shaw K (2021). Fundamental Accounting Principles (Twenty-Fifth Edition, 47). McGraw Hill, LLC