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WINSTONCH [101]
3 years ago
12

Oriole Company sold $122000 of goods and accepted the customer's $122000 8%, 1-year note receivable in exchange. Assuming 9% app

roximates the market rate of return, what would be the debit in this journal entry to record the sale
Business
1 answer:
Natalka [10]3 years ago
7 0

Answer:

Debit of this Journal Entry will be NOTE RECEIVABLE by $122,000.

Explanation:

As sales are made the sales account will be credited due to its credit nature. On the other hand there is a Note receivable in place of cash or account receivable which should be debited because of it nature of current Liability.

The Journal Entry to record this transaction will be as follow:  

                                              Dr.           Cr.

Note Receivable              $122,000

Sales                                                   $122,000

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Answer:

D. Eclectic theory

Explanation:

Sometimes referred to as the OLI-Model or OLI-Framework, the eclectic theory simply assumes that firms and institutions will always avoid transactions in open markets of the cost of completing the same transaction internally or in-house carries a lower price. Thus, firms undertake foreign investment when characteristics of of a location combined with ownership and internalization advantage, thereby making location appealing for an investment.

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3 years ago
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One of the competitive dimensions that form the competitive position of a company when planning their strategies is making the b
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Answer:

False

Explanation:

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4 years ago
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Answer:

d. prevents the economy from producing its potential level of real GDP.

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In other words, Price stickiness or Wage Stickiness occurs when workers' earnings or price don't adjust quickly to changes in labor market conditions, thereby creating sustained periods of shortage or surplus.

Hence, Price and Wage stickiness prevent the economy from achieving its natural level of employment and its potential output, which in turn prevents the economy from producing its potential level of real GDP.

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3 years ago
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The Yanos Company found that the prior year's tax liabilities had been handled incorrectly after reviewing their books. They'll now have to make accounting adjustments. An example of modifications brought on by an error is this.

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To have a life of high quality, adjustment must be successful. People who have trouble adjusting are more prone to experience clinical anxiety.

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1 year ago
The purpose of stock valuation isGroup of answer choicesof limited value, since the efficient market hypothesis proves that all
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