A long-time expert in your field who will guide and advise you in your start-up phase is called a/an

On December 31, 2015, Sarasota Co. performed environmental consulting services for Hayden Co. Hayden was short of cash, and Sara

Liono4ka [1.6K]

The appropriate journal entry to record the transaction of December 31, 2015, for Tran Co. is: Debit Notes receivable $129,859.2;Credit Service revenue $129,859.2.

<h3>Journal entries</h3>

(a) December 31, 2015

Debit Notes receivable $129,859.2

($160,000 x 0.81162)

Credit Service revenue $129,859.2

(PV of $160,000 due in 2 years at 11%)

(b) December 31, 2016

Debit Notes receivable $14,284.5

($129,859.2 x 11%)

Credit Interest revenue $14,284.5

(c) December 31, 2017

Debit Discount on notes receivable $44,425

[$160,000 - ( $129,859.2- $14,284.5)]

Credit Interest revenue $44,425

Debit Cash $160,000

Credit Notes receivable $160,000

Inconclusion the journal entry to record the transaction of December 31, 2015, for Tran Co. is: Debit Notes receivable $129,859.2;Credit Service revenue $129,859.2.

Learn more about journal entry here:brainly.com/question/14279491

7 0

2 years ago

Haverton is studying whether to drop a product because of ongoing losses. Costs that would be relevant in this situation would i

motikmotik

Answer:

The correct answer is letter "B": avoidable fixed costs.

Explanation:

Avoidable fixed costs are expenditures that can be set aside to modify the form of a given product project is being handled. Usually, manufacturers with too many produced products can stop one of their lines which implies taking away inherent expenses such as labor and raw materials.

5 0

3 years ago

What will be the effect on the contribution margin ratio if the selling price per unit decreases and variable cost per unit rema

RoseWind [281]

Answer:

correct answer is B) It will decrease.

Explanation:

we know that contribution margin ratio is express as

contribution margin ratio = ( Sales Revenue - Variable Costs ) ÷ Sales Revenue ...........................1

so here any increase in selling price increase contribution margin

and if the selling price per unit is decreases

and variable cost per unit remain same

contribution margin ratio will decrease

so here correct answer is B) It will decrease.

7 0

3 years ago

Max lives in boston and earns $132,500 per year. if max decides to move to san francisco, what annual salary will he need to mak

Alex Ar [27]

According to bestplaces.net, San Francisco is 67.8% more expensive than Boston. This means, if Max is making 132,500 in Boston he would need 132,500*1.678 = 222,335 in San Francisco to maintain the same real wage.

7 0

2 years ago

As Thomas described his firm's landscape maintenance program to a buyer for Allentown Medical Center, the buyer interrupted, "Yo

zimovet [89]

Answer:

Direct denial.

Explanation:

As Thomas described his firm's landscape maintenance program to a buyer for Allentown Medical Center, the buyer interrupted, "Your program sounds like a winner, but I'm not interested in doing business because start-up landscaping firms go in and out of business in just a few months." Thomas responded with, "I'm sorry, but that simply is not true of our firm. We have been in the business for over 15 years." Thomas's response illustrates the <u>Direct denial</u> method of responding to objections.

Direct denial: It is a method of handling a prospect's objection by making a strong statement that is only appropriate when the prospect's statement is erroneous. Salesperson use this technique to handle objections. There are disadvantages to this technique is that it may also lead to an argument.

In the given case, Thomas´s response to the objection raised by the buyer was an example of a direct denial method of responding to objections.

5 0

3 years ago