Dr. bills Payable 6300 Notes Payable 6,300.
The journal entry used for recording the issuance of a note for the cause of converting a current account payable could be to debit the bills payable and credit the notes payable.
A magazine entry is a record of an enterprise transaction for your business books. In double-access bookkeeping, you're making at least two journal entries for each transaction. Because a transaction can create a variety of changes in a commercial enterprise, a bookkeeper tracks them all with magazine entries.
An example of a journal is a diary in which you write about what happens to you and what you are wondering. An example of a journal is the brand new England journal of drugs, wherein new studies are posted which are relevant to docs and medicinal drugs.
Magazine entry format is the usual layout utilized in bookkeeping to maintain a record of all of the organization's business transactions and is especially based totally on the double-access bookkeeping device of accounting and guarantees that the debit aspect and credit facet are usually the same.
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The journal entry to record the conversion of a $6,300 accounts payable to notes payable would be
A: Cash 6,300
Notes Payable 6,300
B: Notes Receivable 6,300
Notes Payable 6,300
C: Notes Payable 6,300
Cash 6,300
D: Accounts Payable 6,300
Notes Payable 6,300
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Answer:
b.$270,000
Explanation:
Consider the incremental Costs and Revenues arising from Acceptance of the Offer.
Note : Fixed Costs are irrelevant for this decision as order is accepted within normal production capacity of Stryker Industries
Sales (27,000×$19) 513,000
Less Variable Manufacturing Cost (27,000×$9) (243,000)
Net Income 270,000
Therefore acceptance of offer would result in incremental income of $ 270,000
Answer:
Sarine is most likely making the decision to continue with these dolls due to Self-justification and self-enhancement.
Explanation:
Generally, the law of prospects theory is applied here. According to this law people are attracted towards attaining maximum utility rather than to look for absolute outcome. The self-justification is a significant problem here which arises when people who are responsible for making the decision are strongly tied with a project. Similarly, to avoid the problem off self-justification and self-enhancement, the best practice is to appoint different people to make the decision and to evaluate them, which ensures transparency and long-term stability which is lacking in this case.
Answer: Marginal Cost curve will shift downward
Explanation:
In a situation whereby technological advance brings about a reduction in the amount of variable resources that are needed for the production of any level of output, then there will be a downward shift of the marginal cost curve.
In its most general sense, a fair use is any copying of copyrighted material done for a limited and “transformative” purpose, such as to comment upon, criticize, or parody a copyrighted work. ... In other words, fair use is a defense against a claim of copyright infringement.