Answer:
Dr Notes Receivable $10,100
Cr Discount on Notes Receivable$1,000
Cr Sales Revenue $9,100
Dr Cost of Goods Sold $5,460
Cr Inventory $5,460
Explanation
:
Vaughn Inc
Journal entry
January 2, 2017
Dr Notes Receivable $10,100
Cr Discount on Notes Receivable
$10,100-$9,100) $1,000
Cr Sales Revenue $9,100
Dr Cost of Goods Sold $5,460
Cr Inventory $5,460
Total Revenue:
sales revenue + interest revenue $9,100+$1,000 = 10,100
Total revenue= $10,100
Answer:
1. Increases in demand will increase both the interest rate and the total amount of borrowing and lending. Decreases in demand will decrease both the interest rate and the total amount of borrowing and lending.
Explanation:
To estimate the amount of money needed so you don't run out.
The decision making method that Wilma uses is the bounded rationality. It is a type of decision making with only a short time they acquire in deciding up decisions in which Wilma has been doing in the scenario above. This type of decision making also allows a person to decide with only the few decisions that couldn't suffice them. This decision making is being portrayed in the given scenario above.
